2Q40 Stock Overview

Generates, transmits, distributes, trades in, and commercializes electric energy in Brazil. More details

2Q40 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	2/6
Financial Health	2/6
Dividends	3/6

Rewards

Trading at 85.8% below our estimate of its fair value

Earnings are forecast to grow 2.59% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 6.11% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Neoenergia S.A. Competitors

Lechwerke

DB:LEC

€2.5b

EnBW Energie Baden-Württemberg

XTRA:EBK

€16.4b

MVV Energie

XTRA:MVV1

€2.0b

Mainova

DB:MNV6

€1.9b

Price History & Performance

Summary of share price highs, lows and changes for Neoenergia
Historical stock prices
Current Share Price	R$10.90
52 Week High	R$13.40
52 Week Low	R$10.80
Beta	0.59
1 Month Change	-12.80%
3 Month Change	-1.80%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-17.36%

Recent updates

Shareholder Returns

	2Q40	DE Electric Utilities	DE Market
7D	-7.6%	2.6%	0.7%
1Y	n/a	-1.8%	8.4%

Return vs Industry: Insufficient data to determine how 2Q40 performed against the German Electric Utilities industry.

Return vs Market: Insufficient data to determine how 2Q40 performed against the German Market.

Price Volatility

Is 2Q40's price volatile compared to industry and market?
2Q40 volatility
2Q40 Average Weekly Movement	4.3%
Electric Utilities Industry Average Movement	3.5%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	12.0%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 2Q40 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 2Q40's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1997	n/a	Eduardo Capelastegui Saiz	www.neoenergia.com

Neoenergia S.A. generates, transmits, distributes, trades in, and commercializes electric energy in Brazil. It operates through Networks, Renewables, Liberalized, and Others. The company provides free energy markets solutions, such as free energy market, power management, management and billing system, renewable energy certificates, and long term contracts; green hydrogen, that includes green ammonia, steel, and methanol; industrial gas solutions; local and remote solar power plant; engineering; and electrified fleet solutions for businesses.

Neoenergia S.A. Fundamentals Summary

How do Neoenergia's earnings and revenue compare to its market cap?
2Q40 fundamental statistics
Market cap	€3.63b
Earnings (TTM)	€594.96m
Revenue (TTM)	€7.43b

6.1x

P/E Ratio

0.5x

P/S Ratio

Is 2Q40 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2Q40 income statement (TTM)
Revenue	R$46.91b
Cost of Revenue	R$36.56b
Gross Profit	R$10.36b
Other Expenses	R$6.60b
Earnings	R$3.76b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	3.10
Gross Margin	22.07%
Net Profit Margin	8.01%
Debt/Equity Ratio	158.0%

How did 2Q40 perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

32%

Payout Ratio

Does 2Q40 pay a reliable dividends?

See 2Q40 dividend history and benchmarks

When do you need to buy 2Q40 by to receive an upcoming dividend?
Neoenergia dividend dates
Ex Dividend Date	Jan 05 2024
Dividend Pay Date	Jan 06 2025
Days until Ex dividend	365 days
Days until Dividend pay date	2 days

Does 2Q40 pay a reliable dividends?

See 2Q40 dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 14:29
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Neoenergia S.A. is covered by 19 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Rafael Bezerra Dias	BB Banco de Investimento S.A.
Gustavo Faria	BofA Global Research
Arthur Pereira	BofA Global Research

Neoenergia DB:2Q40 Stock Report