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EQMA

Equatorial Maranhão Distribuidora de Energia BOVESPA:EQMA3B Stock Report

Last Price

R$38.10

Market Cap

R$6.3b

7D

0%

1Y

-16.4%

Updated

22 Jun, 2022

Data

Company Financials
EQMA3B fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends4/6

EQMA3B Stock Overview

Equatorial Maranhão Distribuidora de Energia S.A.

Equatorial Maranhão Distribuidora de Energia Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Equatorial Maranhão Distribuidora de Energia
Historical stock prices
Current Share PriceR$38.10
52 Week HighR$45.50
52 Week LowR$37.98
Beta0.49
1 Month Change-4.73%
3 Month Change-4.51%
1 Year Change-16.45%
3 Year Changen/a
5 Year Change52.40%
Change since IPO41.11%

Recent News & Updates

Aug 26
Investors Will Want Equatorial Maranhão Distribuidora de Energia's (BVMF:EQMA3B) Growth In ROCE To Persist

Investors Will Want Equatorial Maranhão Distribuidora de Energia's (BVMF:EQMA3B) Growth In ROCE To Persist

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...

Shareholder Returns

EQMA3BBR Electric UtilitiesBR Market
7D0%0.9%-2.5%
1Y-16.4%-4.0%-30.2%

Return vs Industry: EQMA3B underperformed the BR Electric Utilities industry which returned -5.6% over the past year.

Return vs Market: EQMA3B exceeded the BR Market which returned -30.3% over the past year.

Price Volatility

Is EQMA3B's price volatile compared to industry and market?
EQMA3B volatility
EQMA3B Average Weekly Movement2.9%
Electric Utilities Industry Average Movement4.4%
Market Average Movement5.8%
10% most volatile stocks in BR Market9.2%
10% least volatile stocks in BR Market2.8%

Stable Share Price: EQMA3B is less volatile than 75% of BR stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EQMA3B's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1958n/aAugusto Borgeshttps://ma.equatorialenergia.com.br

Equatorial Maranhão Distribuidora de Energia S.A. provides electricity distribution services in the state of Maranhão. The company was formerly known as Companhia Energética do Maranhão – CEMAR. Equatorial Maranhão Distribuidora de Energia S.A. was founded in 1958 and is based in São Luís, Brazil.

Equatorial Maranhão Distribuidora de Energia Fundamentals Summary

How do Equatorial Maranhão Distribuidora de Energia's earnings and revenue compare to its market cap?
EQMA3B fundamental statistics
Market CapR$6.26b
Earnings (TTM)R$882.88m
Revenue (TTM)R$5.33b

7.1x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EQMA3B income statement (TTM)
RevenueR$5.33b
Cost of RevenueR$3.78b
Gross ProfitR$1.55b
Other ExpensesR$665.10m
EarningsR$882.88m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.38
Gross Margin29.07%
Net Profit Margin16.58%
Debt/Equity Ratio68.2%

How did EQMA3B perform over the long term?

See historical performance and comparison

Dividends

10.7%

Current Dividend Yield

61%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is EQMA3B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 EQMA3B?

Other financial metrics that can be useful for relative valuation.

EQMA3B 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/Revenue1.4x
Enterprise Value/EBITDA5.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does EQMA3B's PE Ratio compare to its peers?

EQMA3B PE Ratio vs Peers
The above table shows the PE ratio for EQMA3B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.2x

Price-To-Earnings vs Peers: EQMA3B is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (19.2x).


Price to Earnings Ratio vs Industry

How does EQMA3B's PE Ratio compare vs other companies in the Brazilian Electric Utilities Industry?

Price-To-Earnings vs Industry: EQMA3B is expensive based on its Price-To-Earnings Ratio (7.1x) compared to the BR Electric Utilities industry average (7.1x)


Price to Earnings Ratio vs Fair Ratio

What is EQMA3B'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.

EQMA3B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EQMA3B's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of EQMA3B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EQMA3B (R$38.1) is trading below our estimate of fair value (R$42.3)

Significantly Below Fair Value: EQMA3B is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EQMA3B's PEG Ratio to determine if it is good value.


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Future Growth

How is Equatorial Maranhão Distribuidora de Energia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.4%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Equatorial Maranhão Distribuidora de Energia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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Past Performance

How has Equatorial Maranhão Distribuidora de Energia performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EQMA3B has high quality earnings.

Growing Profit Margin: EQMA3B's current net profit margins (16.6%) are lower than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: EQMA3B's earnings have grown by 14.7% per year over the past 5 years.

Accelerating Growth: EQMA3B's earnings growth over the past year (16.9%) exceeds its 5-year average (14.7% per year).

Earnings vs Industry: EQMA3B earnings growth over the past year (16.9%) underperformed the Electric Utilities industry 26.2%.


Return on Equity

High ROE: EQMA3B's Return on Equity (27.7%) is considered high.


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Financial Health

How is Equatorial Maranhão Distribuidora de Energia's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: EQMA3B's short term assets (R$2.5B) exceed its short term liabilities (R$1.8B).

Long Term Liabilities: EQMA3B's short term assets (R$2.5B) do not cover its long term liabilities (R$2.7B).


Debt to Equity History and Analysis

Debt Level: EQMA3B's net debt to equity ratio (42.4%) is considered high.

Reducing Debt: EQMA3B's debt to equity ratio has reduced from 109.9% to 68.2% over the past 5 years.

Debt Coverage: EQMA3B's debt is well covered by operating cash flow (35.5%).

Interest Coverage: EQMA3B's interest payments on its debt are well covered by EBIT (30x coverage).


Balance Sheet


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Dividend

What is Equatorial Maranhão Distribuidora de Energia current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


10.66%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EQMA3B's dividend (10.66%) is higher than the bottom 25% of dividend payers in the BR market (1.72%).

High Dividend: EQMA3B's dividend (10.66%) is in the top 25% of dividend payers in the BR market (7.79%)


Stability and Growth of Payments

Stable Dividend: EQMA3B's dividend payments have been volatile in the past 10 years.

Growing Dividend: EQMA3B's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (61%), EQMA3B's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (214.8%), EQMA3B's dividend payments are not well covered by cash flows.


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Management

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


CEO

Augusto Borges

no data

Tenure

Augusto Dantas Borges serves as Chief Executive Officer and Member of Executive Board at Equatorial Maranhão Distribuidora de Energia S.A.


Ownership

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

Equatorial Maranhão Distribuidora de Energia S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Equatorial Maranhão Distribuidora de Energia S.A.
  • Ticker: EQMA3B
  • Exchange: BOVESPA
  • Founded: 1958
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: R$6.255b
  • Shares outstanding: 164.18m
  • Website: https://ma.equatorialenergia.com.br

Number of Employees


Location

  • Equatorial Maranhão Distribuidora de Energia S.A.
  • Alameda A
  • Quadra SQS Nº 100
  • São Luís
  • Maranhão
  • 65070-900
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/22 00:00
End of Day Share Price2022/06/21 00:00
Earnings2022/03/31
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.