NEOE3 Stock Overview
Neoenergia S.A. generates, transmits, distributes, trades in, and commercializes electric energy in Brazil.
Price History & Performance
|Historical stock prices|
|Current Share Price||R$16.75|
|52 Week High||R$19.34|
|52 Week Low||R$13.32|
|1 Month Change||18.21%|
|3 Month Change||-5.26%|
|1 Year Change||0.60%|
|3 Year Change||-21.18%|
|5 Year Change||n/a|
|Change since IPO||4.69%|
Recent News & Updates
Does Neoenergia (BVMF:NEOE3) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Investors Will Want Neoenergia's (BVMF:NEOE3) Growth In ROCE To Persist
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
|NEOE3||BR Electric Utilities||BR Market|
Return vs Industry: NEOE3 underperformed the BR Electric Utilities industry which returned 9.5% over the past year.
Return vs Market: NEOE3 exceeded the BR Market which returned -18.9% over the past year.
|NEOE3 Average Weekly Movement||4.1%|
|Electric Utilities Industry Average Movement||4.1%|
|Market Average Movement||6.0%|
|10% most volatile stocks in BR Market||9.4%|
|10% least volatile stocks in BR Market||2.5%|
Stable Share Price: NEOE3 is less volatile than 75% of BR stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NEOE3's weekly volatility (4%) has been stable over the past year.
About the Company
|1997||15,058||Eduardo Capelastegui Saiz||https://www.neoenergia.com|
Neoenergia S.A. generates, transmits, distributes, trades in, and commercializes electric energy in Brazil. The company has an installed electricity generation capacity of approximately 4.1 gigawatts; operates 7 hydroelectric plants, 44 wind farms, 826 kilometers of transmission lines, and 8 substations; and distributes electricity to approximately 34 million in the states of Bahia, Pernambuco, Rio Grande do Norte, São Paulo, and Mato Grosso do Sul. It also provides energy management and trading related services.
Neoenergia Fundamentals Summary
|NEOE3 fundamental statistics|
Is NEOE3 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NEOE3 income statement (TTM)|
|Cost of Revenue||R$34.72b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 25, 2022
|Earnings per share (EPS)||3.46|
|Net Profit Margin||9.30%|
How did NEOE3 perform over the long term?See historical performance and comparison
1.6%Current Dividend Yield
Is NEOE3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NEOE3?
Other financial metrics that can be useful for relative valuation.
|What is NEOE3's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NEOE3's PE Ratio compare to its peers?
|NEOE3 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CPLE6 Companhia Paranaense de Energia - COPEL
ENMT4 Energisa Mato Grosso - Distribuidora de Energia S/A
TRPL4 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista
Price-To-Earnings vs Peers: NEOE3 is good value based on its Price-To-Earnings Ratio (4.8x) compared to the peer average (10.1x).
Price to Earnings Ratio vs Industry
How does NEOE3's PE Ratio compare vs other companies in the BR Electric Utilities Industry?
Price-To-Earnings vs Industry: NEOE3 is good value based on its Price-To-Earnings Ratio (4.8x) compared to the BR Electric Utilities industry average (7.3x)
Price to Earnings Ratio vs Fair Ratio
What is NEOE3'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.
|Current PE Ratio||4.8x|
|Fair PE Ratio||7.5x|
Price-To-Earnings vs Fair Ratio: NEOE3 is good value based on its Price-To-Earnings Ratio (4.8x) compared to the estimated Fair Price-To-Earnings Ratio (7.5x).
Share Price vs Fair Value
What is the Fair Price of NEOE3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NEOE3 (R$16.75) is trading below our estimate of fair value (R$72.05)
Significantly Below Fair Value: NEOE3 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
Discover undervalued companies
How is Neoenergia forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NEOE3's forecast earnings growth (7.3% per year) is below the savings rate (9.2%).
Earnings vs Market: NEOE3's earnings (7.3% per year) are forecast to grow faster than the BR market (6.2% per year).
High Growth Earnings: NEOE3's earnings are forecast to grow, but not significantly.
Revenue vs Market: NEOE3's revenue (3.1% per year) is forecast to grow slower than the BR market (5.2% per year).
High Growth Revenue: NEOE3's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NEOE3's Return on Equity is forecast to be low in 3 years time (12.7%).
Discover growth companies
How has Neoenergia performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NEOE3 has high quality earnings.
Growing Profit Margin: NEOE3's current net profit margins (9.3%) are lower than last year (10.2%).
Past Earnings Growth Analysis
Earnings Trend: NEOE3's earnings have grown significantly by 38.5% per year over the past 5 years.
Accelerating Growth: NEOE3's earnings growth over the past year (10.1%) is below its 5-year average (38.5% per year).
Earnings vs Industry: NEOE3 earnings growth over the past year (10.1%) underperformed the Electric Utilities industry 13.5%.
Return on Equity
High ROE: NEOE3's Return on Equity (16.7%) is considered low.
Discover strong past performing companies
How is Neoenergia's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NEOE3's short term assets (R$22.2B) exceed its short term liabilities (R$17.9B).
Long Term Liabilities: NEOE3's short term assets (R$22.2B) do not cover its long term liabilities (R$46.6B).
Debt to Equity History and Analysis
Debt Level: NEOE3's net debt to equity ratio (140.8%) is considered high.
Reducing Debt: NEOE3's debt to equity ratio has increased from 146.5% to 167.3% over the past 5 years.
Debt Coverage: NEOE3's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: NEOE3's interest payments on its debt are well covered by EBIT (4.1x coverage).
Discover healthy companies
What is Neoenergia current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NEOE3's dividend (1.61%) is higher than the bottom 25% of dividend payers in the BR market (1.57%).
High Dividend: NEOE3's dividend (1.61%) is low compared to the top 25% of dividend payers in the BR market (7.46%).
Stability and Growth of Payments
Stable Dividend: NEOE3 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NEOE3 has only been paying a dividend for 3 years, and since then payments have fallen.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (7.8%), NEOE3's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: NEOE3 is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eduardo Capelastegui Saiz (52 yo)
Mr. Eduardo Capelastegui Saiz serves as Member of Executive Board and Executive Director of Patrimonial Control and Planning? at Neoenergia S.A and serves as its Director since June 2022. He is Chief Execu...
Experienced Management: NEOE3's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: NEOE3's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Neoenergia S.A.'s employee growth, exchange listings and data sources
- Name: Neoenergia S.A.
- Ticker: NEOE3
- Exchange: BOVESPA
- Founded: 1997
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: R$20.331b
- Shares outstanding: 1.21b
- Website: https://www.neoenergia.com
Number of Employees
- Neoenergia S.A.
- Praia do Flamengo 78
- 4 Floor
- Rio De Janeiro
- Rio de Janeiro
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/12 00:00|
|End of Day Share Price||2022/08/12 00:00|
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.