Energisa S.A.

BOVESPA:ENGI11 Stock Report

Market Cap: R$19.1b

Energisa Valuation

Is ENGI11 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ENGI11 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ENGI11 (R$47.69) is trading above our estimate of fair value (R$26.64)

Significantly Below Fair Value: ENGI11 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENGI11?

Key metric: As ENGI11 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ENGI11. This is calculated by dividing ENGI11's market cap by their current earnings.
What is ENGI11's PE Ratio?
PE Ratio5.5x
EarningsR$3.30b
Market CapR$19.08b

Price to Earnings Ratio vs Peers

How does ENGI11's PE Ratio compare to its peers?

The above table shows the PE ratio for ENGI11 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.9x
ISAE4 ISA Energía Brasil
6.3x-15.20%R$19.9b
REDE3 Rede Energia Participações
9.3xn/aR$13.0b
EQPA3 Equatorial Pará Distribuidora de Energia
7.6xn/aR$12.5b
TAEE11 Transmissora Aliança de Energia Elétrica
8.3x2.10%R$14.6b
ENGI11 Energisa
5.5x-28.02%R$19.1b

Price-To-Earnings vs Peers: ENGI11 is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (7.9x).

Price to Earnings Ratio vs Industry

How does ENGI11's PE Ratio compare vs other companies in the BR Electric Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
LIGT3 Light
0.8x-14.92%US$324.33m
No more companies available in this PE range
ENGI11 5.5xIndustry Avg. 8.3xNo. of Companies5PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENGI11 is good value based on its Price-To-Earnings Ratio (5.5x) compared to the BR Electric Utilities industry average (8.4x).

Price to Earnings Ratio vs Fair Ratio

What is ENGI11's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENGI11 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.5x
Fair PE Ratio4.7x

Price-To-Earnings vs Fair Ratio: ENGI11 is expensive based on its Price-To-Earnings Ratio (5.5x) compared to the estimated Fair Price-To-Earnings Ratio (4.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ENGI11 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR$47.69
R$58.40
+22.46%
13.53%R$85.00R$53.64n/a13
Dec ’26R$48.49
R$58.82
+21.30%
13.23%R$85.00R$53.64n/a13
Nov ’26R$47.12
R$58.25
+23.63%
14.29%R$85.00R$49.09n/a13
Oct ’26R$45.95
R$56.24
+22.38%
6.08%R$62.73R$49.09n/a13
Sep ’26R$44.17
R$55.96
+26.68%
6.21%R$62.73R$49.09n/a13
Aug ’26R$41.82
R$54.92
+31.32%
8.41%R$62.73R$45.55n/a12
Jul ’26R$43.81
R$55.42
+26.50%
7.66%R$63.64R$48.18n/a13
Jun ’26R$43.18
R$55.94
+29.54%
7.56%R$63.64R$48.18n/a13
May ’26R$41.76
R$55.62
+33.17%
7.85%R$63.64R$48.18n/a13
Apr ’26R$36.42
R$55.53
+52.47%
7.67%R$62.73R$48.18n/a13
Mar ’26R$34.60
R$55.49
+60.38%
7.77%R$62.73R$48.18n/a13
Feb ’26R$36.05
R$56.29
+56.14%
8.31%R$62.73R$48.18n/a13
Jan ’26R$33.16
R$58.52
+76.44%
5.18%R$63.08R$53.64n/a12
Dec ’25R$36.55
R$58.70
+60.57%
4.80%R$63.08R$54.00R$48.4912
Nov ’25R$38.09
R$58.32
+53.10%
4.58%R$63.09R$54.00R$47.1212
Oct ’25R$40.50
R$59.04
+45.77%
4.36%R$63.08R$55.45R$45.9512
Sep ’25R$43.01
R$59.04
+37.27%
4.36%R$63.08R$55.45R$44.1712
Aug ’25R$41.03
R$58.39
+42.31%
5.01%R$63.09R$51.82R$41.8212
Jul ’25R$41.45
R$58.57
+41.29%
5.48%R$63.09R$51.82R$43.8111
Jun ’25R$41.55
R$59.02
+42.04%
4.40%R$63.08R$54.55R$43.1811
May ’25R$41.00
R$58.55
+42.80%
5.04%R$63.08R$53.29R$41.7612
Apr ’25R$42.94
R$59.03
+37.49%
4.85%R$63.08R$53.29R$36.4211
Mar ’25R$45.93
R$58.74
+27.89%
4.97%R$63.09R$53.29R$34.6012
Feb ’25R$46.45
R$57.45
+23.68%
5.35%R$63.09R$53.29R$36.0512
Jan ’25R$48.94
R$56.62
+15.70%
5.84%R$63.09R$53.29R$33.1612
Dec ’24R$48.25
R$56.62
+17.36%
6.06%R$63.64R$53.29R$36.5512
R$58.4
Fair Value
18.3% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/16 11:19
End of Day Share Price 2025/12/16 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Energisa S.A. is covered by 16 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gustavo FariaBofA Global Research
Joao Fagundes Moreira da SilvaBradesco S.A. Corretora de Títulos e Valores Mobiliários
Francisco NavarreteBradesco S.A. Corretora de Títulos e Valores Mobiliários