Eneva Future Growth

Future criteria checks 3/6

Eneva is forecast to grow earnings and revenue by 33.7% and 2.6% per annum respectively. EPS is expected to grow by 52.1% per annum. Return on equity is forecast to be 6.9% in 3 years.

Key information

33.7%

Earnings growth rate

52.1%

EPS growth rate

Renewable Energy earnings growth	4.0%
Revenue growth rate	2.6%
Future return on equity	6.9%
Analyst coverage	Good
Last updated	21 Apr 2025

Recent future growth updates

Recent updates

We Think That There Are More Issues For Eneva (BVMF:ENEV3) Than Just Sluggish Earnings

Mar 27

Parnaíba Liquefaction And BTG Thermoelectric Deals Ignite Earnings Growth

Dec 18 Record growth in operating cash flow boosted by new projects promises sustained cash flow and earnings growth.

There's Reason For Concern Over Eneva S.A.'s (BVMF:ENEV3) Price

Nov 15

Eneva's (BVMF:ENEV3) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Aug 21

What Does The Future Hold For Eneva S.A. (BVMF:ENEV3)? These Analysts Have Been Cutting Their Estimates

May 26

Does Eneva (BVMF:ENEV3) Have A Healthy Balance Sheet?

Feb 15

We Think Eneva (BVMF:ENEV3) Is Taking Some Risk With Its Debt

Nov 11

Eneva (BVMF:ENEV3) Has A Somewhat Strained Balance Sheet

Aug 09

Is Eneva (BVMF:ENEV3) Using Too Much Debt?

May 10

These 4 Measures Indicate That Eneva (BVMF:ENEV3) Is Using Debt Reasonably Well

Feb 05

Here's Why Eneva (BVMF:ENEV3) Has A Meaningful Debt Burden

Nov 04

Growth Investors: Industry Analysts Just Upgraded Their Eneva S.A. (BVMF:ENEV3) Revenue Forecasts By 18%

Aug 08

Eneva (BVMF:ENEV3) Takes On Some Risk With Its Use Of Debt

Jul 28

What You Need To Know About The Eneva S.A. (BVMF:ENEV3) Analyst Downgrade Today

Jul 07

News Flash: Analysts Just Made A Stunning Upgrade To Their Eneva S.A. (BVMF:ENEV3) Forecasts

May 17

Revenue Beat: Eneva S.A. Exceeded Revenue Forecasts By 16% And Analysts Are Updating Their Estimates

May 16

Eneva (BVMF:ENEV3) Has A Pretty Healthy Balance Sheet

Apr 08

Is Eneva S.A.'s (BVMF:ENEV3) 9.4% ROE Worse Than Average?

Mar 10

If You Had Bought Eneva (BVMF:ENEV3) Stock Five Years Ago, You Could Pocket A 519% Gain Today

Feb 10

What You Need To Know About Eneva S.A.'s (BVMF:ENEV3) Investor Composition

Jan 23

Earnings and Revenue Growth Forecasts

BOVESPA:ENEV3 - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	12,791	3,378	5,189	N/A	2
12/31/2026	9,863	1,521	3,069	3,087	6
12/31/2025	7,861	1,879	3,012	2,646	2
12/31/2024	11,388	42	1,599	4,156	N/A
9/30/2024	9,257	818	1,453	3,928	N/A
6/30/2024	9,056	628	986	3,600	N/A
3/31/2024	9,636	-66	514	3,299	N/A
12/31/2023	10,091	218	226	2,790	N/A
9/30/2023	9,680	314	16	2,316	N/A
6/30/2023	9,003	639	-16	1,855	N/A
3/31/2023	7,829	414	-247	1,563	N/A
12/31/2022	6,129	376	-895	1,268	N/A
9/30/2022	5,494	1,059	-751	1,199	N/A
6/30/2022	5,318	1,184	-688	1,220	N/A
3/31/2022	4,932	1,155	-584	842	N/A
12/31/2021	5,124	1,173	97	1,233	N/A
9/30/2021	4,665	1,370	-186	1,207	N/A
6/30/2021	3,699	1,063	-479	1,059	N/A
3/31/2021	3,256	1,031	-618	1,387	N/A
12/31/2020	3,243	1,008	-842	1,246	N/A
9/30/2020	3,132	687	-338	1,483	N/A
6/30/2020	3,428	721	-141	1,540	N/A
3/31/2020	3,465	651	334	1,601	N/A
12/31/2019	3,137	601	536	1,366	N/A
9/30/2019	2,766	705	852	1,515	N/A
6/30/2019	3,030	791	1,118	1,545	N/A
3/31/2019	3,231	981	954	1,441	N/A
12/31/2018	3,129	888	1,072	1,527	N/A
9/30/2018	3,321	510	N/A	1,553	N/A
6/30/2018	3,057	390	N/A	1,052	N/A
3/31/2018	2,786	144	N/A	1,097	N/A
12/31/2017	2,722	95	N/A	1,010	N/A
9/30/2017	2,460	99	N/A	940	N/A
6/30/2017	2,215	39	N/A	1,249	N/A
3/31/2017	2,168	-26	N/A	1,111	N/A
12/31/2016	2,161	-108	N/A	917	N/A
9/30/2016	1,955	-189	N/A	511	N/A
6/30/2016	1,708	-299	N/A	268	N/A
3/31/2016	1,583	214	N/A	264	N/A
12/31/2015	1,519	179	N/A	247	N/A
9/30/2015	1,422	-636	N/A	941	N/A
6/30/2015	1,410	-493	N/A	1,087	N/A
3/31/2015	1,585	-1,013	N/A	781	N/A
12/31/2014	1,798	-957	N/A	892	N/A
9/30/2014	1,960	-435	N/A	-402	N/A
6/30/2014	1,924	-643	N/A	-680	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENEV3's forecast earnings growth (33.7% per year) is above the savings rate (10.8%).

Earnings vs Market: ENEV3's earnings (33.7% per year) are forecast to grow faster than the BR market (13.3% per year).

High Growth Earnings: ENEV3's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ENEV3's revenue (2.6% per year) is forecast to grow slower than the BR market (7% per year).

High Growth Revenue: ENEV3's revenue (2.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ENEV3's Return on Equity is forecast to be low in 3 years time (6.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/23 01:23
End of Day Share Price	2025/04/22 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Eneva S.A. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gustavo Faria	BofA Global Research
Francisco Navarrete	Bradesco S.A. Corretora de Títulos e Valores Mobiliários
Carlos Palhares Sequeira	BTG Pactual

Eneva Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 13%, revenue upgraded

Consensus EPS estimates increase by 25%

Consensus EPS estimates increase by 14%, revenue downgraded

Consensus revenue estimates increase by 12%, EPS downgraded

Consensus EPS estimates fall by 30%

Consensus EPS estimates increase by 55%, revenue downgraded

Recent updates

Eneva S.A., Annual General Meeting, Apr 30, 2025

New major risk - Financial position

We Think That There Are More Issues For Eneva (BVMF:ENEV3) Than Just Sluggish Earnings

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 13%, revenue upgraded

Now 22% undervalued after recent price drop

Parnaíba Liquefaction And BTG Thermoelectric Deals Ignite Earnings Growth

Consensus EPS estimates increase by 25%

There's Reason For Concern Over Eneva S.A.'s (BVMF:ENEV3) Price

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Shareholder dilution

Consensus EPS estimates increase by 14%, revenue downgraded

Eneva's (BVMF:ENEV3) Sluggish Earnings Might Be Just The Beginning Of Its Problems

News Flash: 7 Analysts Think Eneva S.A. (BVMF:ENEV3) Earnings Are Under Threat

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

What Eneva S.A.'s (BVMF:ENEV3) P/S Is Not Telling You

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Eneva, Petroreconcavo Refute Tie-Up Talks

Partners Alpha Investments LLC acquired additional 5.06% stake in Eneva S.A. (BOVESPA:ENEV3).

Consensus revenue estimates increase by 12%, EPS downgraded

Revenues Tell The Story For Eneva S.A. (BVMF:ENEV3)

Consensus EPS estimates fall by 30%

Eneva S.A., Annual General Meeting, Apr 29, 2024

Consensus EPS estimates increase by 55%, revenue downgraded

Eneva S.A. Just Missed EPS By 68%: Here's What Analysts Think Will Happen Next

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Eneva Offers Merger with Vibra Energia

Consensus EPS estimates fall by 13%, revenue upgraded

Third quarter 2023 earnings released

Vallourec S.A. (ENXTPA:VK) agreed to acquire an unknown stake in 837-MWp Futura I Solar Complex from Eneva S.A. (BOVESPA:ENEV3).

Here's Why Eneva (BVMF:ENEV3) Has A Meaningful Debt Burden

Consensus EPS estimates fall by 11%, revenue upgraded

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Itaú Unibanco Holding S.A. (BOVESPA : ITUB4) agreed to acquire a 15.02% stake in Eneva Participacoes III S.A. from Eneva S.A. (BOVESPA : ENEV3) for BRL 1 billion.

Here's Why Eneva (BVMF:ENEV3) Is Weighed Down By Its Debt Load

What Does The Future Hold For Eneva S.A. (BVMF:ENEV3)? These Analysts Have Been Cutting Their Estimates

Consensus revenue estimates decrease by 12%

First quarter 2023 earnings: Revenues exceed analyst expectations

Consensus revenue estimates increase by 33%

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 16%

Eneva S.A. to Report Q4, 2022 Results on Mar 23, 2023

Does Eneva (BVMF:ENEV3) Have A Healthy Balance Sheet?

Eneva S.A., Annual General Meeting, Apr 28, 2023

Consensus revenue estimates increase by 11%

Consensus forecasts updated

Insufficient new directors

Consensus forecasts updated

We Think Eneva (BVMF:ENEV3) Is Taking Some Risk With Its Debt

Consensus forecasts updated

Consensus forecasts updated

Second quarter 2022 earnings released: EPS: R$0.093 (vs R$0.094 in 2Q 2021)

Eneva (BVMF:ENEV3) Has A Somewhat Strained Balance Sheet

Consensus forecasts updated

Consensus EPS estimates fall by 12%

Eneva S.A. (BOVESPA:ENEV3) agreed to acquire Central Geradora Termeletrica Fortaleza S.A. from Enel Brasil S.A. for approximately BRL 564 million.

Consensus EPS estimates fall by 56%

First quarter 2022 earnings: Revenues exceed analyst expectations

Is Eneva (BVMF:ENEV3) Using Too Much Debt?

Insufficient new directors

Eneva S.A. (BOVESPA:ENEV3) agreed to acquire 49% shares in Amapari Energia S.a. from Centrais Eletricas do Norte do Brasil S.A. for BRL 17.11 million.

Consensus EPS estimates increase by 11%

Investor sentiment improved over the past week

These 4 Measures Indicate That Eneva (BVMF:ENEV3) Is Using Debt Reasonably Well

Consensus EPS estimates fall by 34%

Investor sentiment deteriorated over the past week

Eneva S.A. (BOVESPA:ENEV3) agreed to acquire Focus Energia Holding Participações S.A. (BOVESPA:POWE3)

Third quarter 2021 earnings released: EPS R$0.29 (vs R$0.044 in 3Q 2020)

Here's Why Eneva (BVMF:ENEV3) Has A Meaningful Debt Burden