Companhia Paranaense de Energia - COPEL

BME:XCOPO Stock Report

Market Cap: €4.5b

Companhia Paranaense de Energia - COPEL Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 XCOPO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: XCOPO (€1.5) is trading below our estimate of fair value (€3.01)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for XCOPO. This is calculated by dividing XCOPO's market cap by their current earnings.
What is XCOPO's PE Ratio?
PE Ratio12x
EarningsR$2.35b
Market CapR$27.25b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for XCOPO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.4x
RED Redeia Corporación
15.9x7.0%€9.0b
ANA Acciona
33.5x13.8%€6.4b
ELE Endesa
19.3x8.5%€20.9b
IBE Iberdrola
12.8x-2.6%€82.4b
XCOPO Companhia Paranaense de Energia - COPEL
12x7.2%€27.2b

Price-To-Earnings vs Peers: XCOPO is good value based on its Price-To-Earnings Ratio (12x) compared to the peer average (20.4x).


Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
XCOPO 12.0xIndustry Avg. 12.6xNo. of Companies10PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: XCOPO is good value based on its Price-To-Earnings Ratio (12x) compared to the European Electric Utilities industry average (12.8x).


Price to Earnings Ratio vs Fair Ratio

What is XCOPO'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.

XCOPO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ratio16.5x

Price-To-Earnings vs Fair Ratio: XCOPO is good value based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).


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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