Companhia Paranaense de Energia - COPEL

DB:ELPA Stock Report

Market Cap: €4.1b

Companhia Paranaense de Energia - COPEL Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ELPA (€1.35) is trading below our estimate of fair value (€2.95)

Significantly Below Fair Value: ELPA is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As ELPA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ELPA. This is calculated by dividing ELPA's market cap by their current earnings.
What is ELPA's PE Ratio?
PE Ratio11.5x
EarningsR$2.35b
Market CapR$26.45b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ELPA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.4x
LEC Lechwerke
25.6xn/a€2.5b
EBK EnBW Energie Baden-Württemberg
27.6xn/a€16.5b
WWG Gelsenwasser
13.5xn/a€1.7b
MVV1 MVV Energie
11.1xn/a€2.0b
ELPA Companhia Paranaense de Energia - COPEL
11.5x3.0%€26.5b

Price-To-Earnings vs Peers: ELPA is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (19.4x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ELPA 11.5xIndustry Avg. 12.6xNo. of Companies11PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ELPA is good value based on its Price-To-Earnings Ratio (11.5x) compared to the European Electric Utilities industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is ELPA'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.

ELPA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio21.4x

Price-To-Earnings vs Fair Ratio: ELPA is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.4x).

Analyst Price Targets

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

The above table shows the analyst ELPA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.35
€2.01
+48.8%
7.1%€2.44€1.87n/a14
Dec ’25€1.40
€2.06
+47.2%
7.2%€2.49€1.91n/a13
Nov ’25€1.48
€2.05
+38.3%
4.5%€2.25€1.95n/a13
Oct ’25€1.65
€2.08
+26.3%
5.9%€2.33€1.97n/a12
Sep ’25€1.59
€2.02
+26.8%
5.9%€2.29€1.82n/a12
Aug ’25€1.63
€2.07
+26.8%
5.1%€2.28€1.88n/a14
Jul ’25€1.55
€2.06
+33.2%
4.1%€2.26€1.92n/a13
Jun ’25€1.60
€2.23
+39.1%
4.1%€2.43€2.07n/a13
May ’25€1.63
€2.23
+36.7%
3.7%€2.42€2.15n/a11
Apr ’25€1.77
€2.26
+27.9%
2.7%€2.41€2.20n/a12
Mar ’25€1.86
€2.28
+22.3%
2.7%€2.42€2.24n/a11
Feb ’25€1.75
€2.25
+28.7%
3.5%€2.42€2.11n/a9
Jan ’25€1.87
€2.24
+20.0%
3.9%€2.42€2.11n/a9
Dec ’24€1.73
€2.24
+29.6%
3.7%€2.42€2.11€1.4010
Nov ’24€1.53
€2.23
+45.7%
6.6%€2.44€1.88€1.489
Oct ’24€1.64
€2.22
+35.3%
6.4%€2.44€1.88€1.659
Sep ’24€1.59
€1.91
+20.2%
13.4%€2.21€1.49€1.599
Aug ’24€1.63
€1.89
+15.8%
11.1%€2.29€1.54€1.639
Jul ’24€1.51
€1.87
+24.0%
11.2%€2.28€1.54€1.559
Jun ’24€1.35
€1.81
+34.0%
12.1%€2.24€1.51€1.609
May ’24€1.52
€1.70
+11.8%
12.0%€2.15€1.47€1.6311
Apr ’24€1.31
€1.60
+22.4%
12.9%€1.99€1.30€1.7710
Mar ’24€1.27
€1.63
+28.2%
13.5%€2.03€1.33€1.8610
Feb ’24€1.38
€1.62
+17.4%
13.9%€2.05€1.32€1.7510
Jan ’24€1.42
€1.60
+12.7%
14.6%€2.04€1.31€1.879
Dec ’23€1.56
€1.55
-0.5%
11.5%€1.99€1.34€1.7310

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 14:37
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Companhia Paranaense de Energia - COPEL is covered by 30 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Felipe MattarBarclays
Gustavo FariaBofA Global Research
Arthur PereiraBofA Global Research