New Risk • May 19
New major risk - Revenue and earnings growth Earnings have declined by 8.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 8.0% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Dividend is not well covered by cash flows (99% cash payout ratio). Market cap is less than US$100m (R$470.1m market cap, or US$83.0m). Board Change • Apr 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. President of the Board Renan dos Antunes was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 12
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 100% Dividend yield: 3.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m. Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Market cap is less than US$100m (R$486.8m market cap, or US$82.9m). Board Change • Apr 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. President of the Board Renan dos Antunes was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Eletrobrás Participações S.A. - Eletropar, Annual General Meeting, Apr 30, 2025 Eletrobrás Participações S.A. - Eletropar, Annual General Meeting, Apr 30, 2025. Location: 9thfloor, room 902, no. 01 sao bento street, city centre, rio de janeiro, rj., rio de janeiro Brazil Board Change • Mar 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. President of the Board Renan dos Antunes was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. President of the Board Renan dos Antunes was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. President of the Board Renan dos Antunes was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to R$38.00, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 9x in the Electric Utilities industry in Brazil. Total loss to shareholders of 40% over the past three years. Board Change • Nov 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. President of the Board Renan dos Antunes was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: R$564.7m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (R$564.7m market cap, or US$99.9m). Board Change • Jun 28
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Member of Fiscal Council Jorge Teles Rodrigues is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Upcoming Dividend • Apr 24
Upcoming dividend of R$0.39 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Brazilian dividend payers (8.7%). Lower than average of industry peers (6.0%). Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to R$50.11, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 9x in the Electric Utilities industry in Brazil. Total loss to shareholders of 21% over the past three years. Board Change • Mar 20
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Fiscal Council Jorge Teles Rodrigues is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jan 29
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Fiscal Council Jorge Teles Rodrigues is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jan 02
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Fiscal Council Jorge Teles Rodrigues is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Dec 08
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Fiscal Council Jorge Teles Rodrigues is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to R$70.21, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 9x in the Electric Utilities industry in Brazil. Total returns to shareholders of 11% over the past three years. Board Change • Sep 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Fiscal Council Jorge Teles Rodrigues is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Aug 15
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Fiscal Council Jorge Teles Rodrigues is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jul 21
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Member of Fiscal Council Jorge Teles Rodrigues is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Mar 31
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). President of the Board Renata Falcão is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Nov 25
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). President of the Board Renata Falcão is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Nov 01
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). President of the Board Renata Falcão is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Sep 27
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). President of the Board Renata Falcão is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jul 11
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). President of the Board Renata Falcão is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 26
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Ana Claudia Amaral Dutra is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Mar 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Ana Claudia Amaral Dutra is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 18% share price gain to R$69.80, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 6x in the Electric Utilities industry in Brazil. Total returns to shareholders of 33% over the past three years. Board Change • Nov 30
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). Director Ana Claudia Amaral Dutra is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Apr 05
Upcoming dividend of R$1.71 per share Eligible shareholders must have bought the stock before 12 April 2021. Payment date: 03 May 2021. Trailing yield: 2.4%. Lower than top quartile of Brazilian dividend payers (5.0%). Lower than average of industry peers (5.5%). Announcement • Aug 11
Eletrobras Participações S.A. - Eletropar to Report Q2, 2020 Results on Aug 12, 2020 Eletrobras Participações S.A. - Eletropar announced that they will report Q2, 2020 results on Aug 12, 2020