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Energisa BOVESPA:ENGI3 Stock Report

Last Price


Market Cap







29 Jun, 2022


Company Financials +
ENGI3 fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance5/6
Financial Health2/6

ENGI3 Stock Overview

Energisa S.A., through its subsidiaries, operates as an energy distribution company in Brazil.

Energisa Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Energisa
Historical stock prices
Current Share PriceR$13.20
52 Week HighR$17.88
52 Week LowR$11.74
1 Month Change-5.78%
3 Month Change-18.57%
1 Year Change-24.05%
3 Year Change-5.04%
5 Year Change100.00%
Change since IPO2,813.91%

Recent News & Updates

Jun 09
Is Now An Opportune Moment To Examine Energisa S.A. (BVMF:ENGI3)?

Is Now An Opportune Moment To Examine Energisa S.A. (BVMF:ENGI3)?

Energisa S.A. ( BVMF:ENGI3 ), might not be a large cap stock, but it received a lot of attention from a substantial...

Apr 28
Energisa (BVMF:ENGI3) Takes On Some Risk With Its Use Of Debt

Energisa (BVMF:ENGI3) Takes On Some Risk With Its Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

ENGI3BR Electric UtilitiesBR Market

Return vs Industry: ENGI3 underperformed the BR Electric Utilities industry which returned -2.7% over the past year.

Return vs Market: ENGI3 exceeded the BR Market which returned -29% over the past year.

Price Volatility

Is ENGI3's price volatile compared to industry and market?
ENGI3 volatility
ENGI3 Average Weekly Movement5.5%
Electric Utilities Industry Average Movement4.5%
Market Average Movement5.8%
10% most volatile stocks in BR Market9.2%
10% least volatile stocks in BR Market2.9%

Stable Share Price: ENGI3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ENGI3's weekly volatility (5%) has been stable over the past year.

About the Company

190516,737Ricardo Perez Botelho

Energisa S.A., through its subsidiaries, operates as an energy distribution company in Brazil. The company also provides operating and maintenance services related to electricity distribution, generation, commission, preparation, and remote and local operations. It also offers electrical and mechanical maintenance of plants, substations, transmission lines, and facilities.

Energisa Fundamentals Summary

How do Energisa's earnings and revenue compare to its market cap?
ENGI3 fundamental statistics
Market CapR$17.25b
Earnings (TTM)R$2.46b
Revenue (TTM)R$27.85b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENGI3 income statement (TTM)
Cost of RevenueR$22.61b
Gross ProfitR$5.24b
Other ExpensesR$2.78b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)1.36
Gross Margin18.81%
Net Profit Margin8.82%
Debt/Equity Ratio233.1%

How did ENGI3 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is ENGI3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENGI3?

Other financial metrics that can be useful for relative valuation.

ENGI3 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA5.8x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does ENGI3's PE Ratio compare to its peers?

ENGI3 PE Ratio vs Peers
The above table shows the PE ratio for ENGI3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.5x
TRPL4 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista
CPLE6 Companhia Paranaense de Energia - COPEL
ENMT4 Energisa Mato Grosso - Distribuidora de Energia S/A
NEOE3 Neoenergia
ENGI3 Energisa

Price-To-Earnings vs Peers: ENGI3 is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (7.5x).

Price to Earnings Ratio vs Industry

How does ENGI3's PE Ratio compare vs other companies in the BR Electric Utilities Industry?

Price-To-Earnings vs Industry: ENGI3 is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the BR Electric Utilities industry average (7.1x)

Price to Earnings Ratio vs Fair Ratio

What is ENGI3'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.

ENGI3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ratio8.5x

Price-To-Earnings vs Fair Ratio: ENGI3 is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (8.5x).

Share Price vs Fair Value

What is the Fair Price of ENGI3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ENGI3 (R$13.2) is trading below our estimate of fair value (R$22.89)

Significantly Below Fair Value: ENGI3 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: ENGI3 is good value based on its PEG Ratio (1x)

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Future Growth

How is Energisa forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score


Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENGI3's forecast earnings growth (10% per year) is above the savings rate (9.1%).

Earnings vs Market: ENGI3's earnings (10% per year) are forecast to grow faster than the BR market (6.2% per year).

High Growth Earnings: ENGI3's earnings are forecast to grow, but not significantly.

Revenue vs Market: ENGI3's revenue (0.9% per year) is forecast to grow slower than the BR market (5.5% per year).

High Growth Revenue: ENGI3's revenue (0.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ENGI3's Return on Equity is forecast to be low in 3 years time (18.1%).

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Past Performance

How has Energisa performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ENGI3 has high quality earnings.

Growing Profit Margin: ENGI3's current net profit margins (8.8%) are higher than last year (7.7%).

Past Earnings Growth Analysis

Earnings Trend: ENGI3's earnings have grown significantly by 38.1% per year over the past 5 years.

Accelerating Growth: ENGI3's earnings growth over the past year (50.9%) exceeds its 5-year average (38.1% per year).

Earnings vs Industry: ENGI3 earnings growth over the past year (50.9%) exceeded the Electric Utilities industry 26.2%.

Return on Equity

High ROE: Whilst ENGI3's Return on Equity (26.96%) is high, this metric is skewed due to their high level of debt.

Discover strong past performing companies

Financial Health

How is Energisa's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ENGI3's short term assets (R$13.9B) exceed its short term liabilities (R$11.9B).

Long Term Liabilities: ENGI3's short term assets (R$13.9B) do not cover its long term liabilities (R$31.4B).

Debt to Equity History and Analysis

Debt Level: ENGI3's net debt to equity ratio (185.9%) is considered high.

Reducing Debt: ENGI3's debt to equity ratio has increased from 166.2% to 233.1% over the past 5 years.

Debt Coverage: ENGI3's debt is not well covered by operating cash flow (5.7%).

Interest Coverage: ENGI3's interest payments on its debt are well covered by EBIT (3.6x coverage).

Balance Sheet

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What is Energisa current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ENGI3's dividend (4.32%) is higher than the bottom 25% of dividend payers in the BR market (1.73%).

High Dividend: ENGI3's dividend (4.32%) is low compared to the top 25% of dividend payers in the BR market (7.82%).

Stability and Growth of Payments

Stable Dividend: ENGI3's dividend payments have been volatile in the past 10 years.

Growing Dividend: ENGI3's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (42.1%), ENGI3's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: ENGI3 is paying a dividend but the company has no free cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Ricardo Perez Botelho (62 yo)



Mr. Ricardo Perez Botelho serves as the Chief Executive Officer of Rede Energia Participações S.A. (formerly known as Rede Energia S.A.). and serves as its Vice President of the Board and Member of Managem...

Board Members

Experienced Board: ENGI3's board of directors are seasoned and experienced ( 14.2 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Energisa S.A.'s employee growth, exchange listings and data sources

Key Information

  • Name: Energisa S.A.
  • Ticker: ENGI3
  • Exchange: BOVESPA
  • Founded: 1905
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: R$17.246b
  • Shares outstanding: 1.81b
  • Website:

Number of Employees


  • Energisa S.A.
  • PraCa Rui Barbosa
  • 80/parte
  • Cataguases
  • Minas Gerais
  • 36770-901
  • Brazil


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Annual Earnings2021/12/31

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 here.