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GPAR

Companhia CELG de Participações S/A BOVESPA:GPAR3 Stock Report

Last Price

R$45.04

Market Cap

R$3.5b

7D

0%

1Y

6.0%

Updated

05 Oct, 2022

Data

Company Financials
GPAR3 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends1/6

GPAR3 Stock Overview

Companhia CELG de Participações S/A engages in the generation and transmission of electricity.

Companhia CELG de Participações S/A Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Companhia CELG de Participações S/A
Historical stock prices
Current Share PriceR$45.04
52 Week HighR$86.00
52 Week LowR$28.50
Beta1.54
1 Month Change14.03%
3 Month Change58.04%
1 Year Change6.03%
3 Year Change-9.92%
5 Year Change221.94%
Change since IPO260.32%

Recent News & Updates

Jun 28
These 4 Measures Indicate That Companhia CELG de Participações S/A (BVMF:GPAR3) Is Using Debt Reasonably Well

These 4 Measures Indicate That Companhia CELG de Participações S/A (BVMF:GPAR3) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

GPAR3BR Electric UtilitiesBR Market
7D0%3.1%6.5%
1Y6.0%10.7%-7.2%

Return vs Industry: GPAR3 underperformed the BR Electric Utilities industry which returned 10.4% over the past year.

Return vs Market: GPAR3 exceeded the BR Market which returned -7.9% over the past year.

Price Volatility

Is GPAR3's price volatile compared to industry and market?
GPAR3 volatility
GPAR3 Average Weekly Movementn/a
Electric Utilities Industry Average Movement4.2%
Market Average Movement5.7%
10% most volatile stocks in BR Market9.5%
10% least volatile stocks in BR Market2.8%

Stable Share Price: Insufficient data to determine GPAR3's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine GPAR3's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aBraulio Moraishttps://celgpar.celggt.com

Companhia CELG de Participações S/A engages in the generation and transmission of electricity. It has 3 small hydroelectric plants with an installed capacity of 18.68 MW, as well as a network of 722.6 km of 230 Kv lines and 11 substations. The company was founded in 2006 and is headquartered in Goiania, Brazil.

Companhia CELG de Participações S/A Fundamentals Summary

How do Companhia CELG de Participações S/A's earnings and revenue compare to its market cap?
GPAR3 fundamental statistics
Market CapR$3.51b
Earnings (TTM)R$828.30m
Revenue (TTM)R$121.26m

4.2x

P/E Ratio

28.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GPAR3 income statement (TTM)
RevenueR$121.26m
Cost of RevenueR$35.91m
Gross ProfitR$85.36m
Other Expenses-R$742.94m
EarningsR$828.30m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)10.63
Gross Margin70.39%
Net Profit Margin683.06%
Debt/Equity Ratio0.0%

How did GPAR3 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

5%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GPAR3 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

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GPAR3?

Other financial metrics that can be useful for relative valuation.

GPAR3 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/Revenue13.1x
Enterprise Value/EBITDA30.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does GPAR3's PE Ratio compare to its peers?

GPAR3 PE Ratio vs Peers
The above table shows the PE ratio for GPAR3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27x
CSRN3 Companhia Energética do Rio Grande do Norte - COSERN
7.2xn/aR$4.0b
CBEE3 Ampla Energia e Serviços
79.8xn/aR$3.7b
COCE5 Companhia Energética do Ceará - Coelce
7.3xn/aR$3.8b
CEPE5 Companhia Energética de Pernambuco - CELPE
13.9xn/aR$3.0b
GPAR3 Companhia CELG de Participações S/A
4.2xn/aR$3.5b

Price-To-Earnings vs Peers: GPAR3 is good value based on its Price-To-Earnings Ratio (4.2x) compared to the peer average (27x).


Price to Earnings Ratio vs Industry

How does GPAR3's PE Ratio compare vs other companies in the BR Electric Utilities Industry?

Price-To-Earnings vs Industry: GPAR3 is good value based on its Price-To-Earnings Ratio (4.2x) compared to the BR Electric Utilities industry average (7.6x)


Price to Earnings Ratio vs Fair Ratio

What is GPAR3'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.

GPAR3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GPAR3's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GPAR3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GPAR3 (R$45.04) is trading above our estimate of fair value (R$2.8)

Significantly Below Fair Value: GPAR3 is trading above our estimate of fair value.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Companhia CELG de Participações S/A 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


16.7%

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 Companhia CELG de Participações S/A 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.


Discover growth companies

Past Performance

How has Companhia CELG de Participações S/A 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


-17.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GPAR3 has a large one-off gain of R$1.0B impacting its June 30 2022 financial results.

Growing Profit Margin: GPAR3's current net profit margins are higher than last year (56.7%).


Past Earnings Growth Analysis

Earnings Trend: GPAR3's earnings have declined by 17.8% per year over the past 5 years.

Accelerating Growth: GPAR3's earnings growth over the past year (345.8%) exceeds its 5-year average (-17.8% per year).

Earnings vs Industry: GPAR3 earnings growth over the past year (345.8%) exceeded the Electric Utilities industry 3.5%.


Return on Equity

High ROE: GPAR3's Return on Equity (71.6%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is Companhia CELG de Participações S/A's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GPAR3's short term assets (R$2.0B) exceed its short term liabilities (R$1.3B).

Long Term Liabilities: GPAR3's short term assets (R$2.0B) exceed its long term liabilities (R$28.6M).


Debt to Equity History and Analysis

Debt Level: GPAR3 is debt free.

Reducing Debt: GPAR3 currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: GPAR3 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GPAR3 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Companhia CELG de Participações S/A current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.15%

Current Dividend Yield

Dividend Yield vs Market

Companhia CELG de Participações S/A Dividend Yield vs Market
How does Companhia CELG de Participações S/A dividend yield compare to the market?
SegmentDividend Yield
Company (Companhia CELG de Participações S/A)1.1%
Market Bottom 25% (BR)1.5%
Market Top 25% (BR)6.8%
Industry Average (Electric Utilities)6.7%
Analyst forecast in 3 Years (Companhia CELG de Participações S/A)n/a

Notable Dividend: GPAR3's dividend (1.15%) isn’t notable compared to the bottom 25% of dividend payers in the BR market (1.51%).

High Dividend: GPAR3's dividend (1.15%) is low compared to the top 25% of dividend payers in the BR market (6.79%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether GPAR3's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if GPAR3's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (4.9%), GPAR3's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: GPAR3 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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


CEO

Braulio Morais (67 yo)

no data

Tenure

Mr. Braulio Afonso Morais serves as the Chief Executive Officer of Companhia Celg de Participações. Mr., Morais served as Chief Investor Relations Officer and Deputy Chief Executive Officer of Companhia Ce...


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

What is the ownership structure of GPAR3?
Owner TypeNumber of SharesOwnership Percentage
Public Companies22,9670.03%
General Public54,8620.07%
State or Government77,850,60399.9%

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


Top Shareholders

Top 2 shareholders own 99.93% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
99.9%
Governo De Goiás
77,850,603R$3.5b0%no data
0.029%
Centrais Elétricas Brasileiras S.A. - Eletrobrás
22,967R$1.0m0%no data

Company Information

Companhia CELG de Participações S/A's employee growth, exchange listings and data sources


Key Information

  • Name: Companhia CELG de Participações S/A
  • Ticker: GPAR3
  • Exchange: BOVESPA
  • Founded: 2006
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: R$3.510b
  • Shares outstanding: 77.93m
  • Website: https://celgpar.celggt.com

Location

  • Companhia CELG de Participações S/A
  • Avenida C, Quadra A-48
  • Lote 6, no 450, Rooms 21 and 22
  • Goiânia
  • Goiás
  • 74805-070
  • Brazil


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GPAR3BOVESPA (Bolsa de Valores de Sao Paulo)YesOrdinary SharesBRBRLOct 2008

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
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.