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CPFL Energia

NYSE:CPL
Snowflake Description

Solid track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CPL
NYSE
R$24B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

CPFL Energia S.A., together with its subsidiaries, generates, transmits, distributes, and commercializes electricity to residential, industrial, and commercial customers in Brazil. The last earnings update was 39 days ago. More info.


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CPL Share Price and Events
Price Volatility
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Industry
5yr Volatility vs Market
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Value

 Is CPFL Energia undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for CPFL Energia. This is due to cash flow or dividend data being unavailable. The share price is $11.69.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CPFL Energia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CPFL Energia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CPL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in BRL R$1.66
BOVESPA:CPFE3 Share Price ** BOVESPA (2018-09-21) in BRL R$23.76
United States of America Electric Utilities Industry PE Ratio Median Figure of 28 Publicly-Listed Electric Utilities Companies 21.71x
United States of America Market PE Ratio Median Figure of 3,049 Publicly-Listed Companies 20.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CPFL Energia.

NYSE:CPL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:CPFE3 Share Price ÷ EPS (both in BRL)

= 23.76 ÷ 1.66

14.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CPFL Energia is good value based on earnings compared to the US Electric Utilities industry average.
  • CPFL Energia is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does CPFL Energia's expected growth come at a high price?
Raw Data
NYSE:CPL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-1.7%per year
United States of America Electric Utilities Industry PEG Ratio Median Figure of 25 Publicly-Listed Electric Utilities Companies 3.05x
United States of America Market PEG Ratio Median Figure of 2,046 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for CPFL Energia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CPFL Energia's assets?
Raw Data
NYSE:CPL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in BRL R$9.62
BOVESPA:CPFE3 Share Price * BOVESPA (2018-09-21) in BRL R$23.76
United States of America Electric Utilities Industry PB Ratio Median Figure of 31 Publicly-Listed Electric Utilities Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 2.02x
NYSE:CPL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:CPFE3 Share Price ÷ Book Value per Share (both in BRL)

= 23.76 ÷ 9.62

2.47x

* Primary Listing of CPFL Energia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CPFL Energia is overvalued based on assets compared to the US Electric Utilities industry average.
X
Value checks
We assess CPFL Energia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. CPFL Energia has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CPFL Energia expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover CPFL Energia, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CPFL Energia expected to grow at an attractive rate?
  • CPFL Energia's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
Growth vs Market Checks
  • CPFL Energia's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare CPFL Energia's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:CPL Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CPL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -1.7%
United States of America Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 7.5%
United States of America Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 16.6%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CPL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CPL Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NYSE:CPL Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2018-06-30 28,564 1,124 1,690
2018-03-31 27,581 1,299 1,378
2017-12-31 26,745 2,034 1,180
2017-09-30 24,797 3,978 859
2017-06-30 21,796 4,303 759
2017-03-31 20,314 4,558 875
2016-12-31 19,112 4,634 901
2016-09-30 18,780 4,914 1,067
2016-06-30 18,964 4,001 1,103
2016-03-31 19,646 2,989 967
2015-12-31 20,599 2,558 865
2015-09-30 20,663 1,167 1,073

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CPFL Energia's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if CPFL Energia is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CPL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CPFL Energia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CPL Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NYSE:CPL Past Financials Data
Date (Data in BRL Millions) EPS *
2018-06-30 1.66
2018-03-31 1.35
2017-12-31 1.16
2017-09-30 0.84
2017-06-30 0.75
2017-03-31 0.86
2016-12-31 0.89
2016-09-30 1.05
2016-06-30 1.08
2016-03-31 0.95
2015-12-31 0.85
2015-09-30 1.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CPFL Energia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CPFL Energia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CPFL Energia has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has CPFL Energia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CPFL Energia's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CPFL Energia's year on year earnings growth rate has been positive over the past 5 years.
  • CPFL Energia's 1-year earnings growth exceeds its 5-year average (122.6% vs 8.7%)
  • CPFL Energia's earnings growth has exceeded the US Electric Utilities industry average in the past year (122.6% vs -0.4%).
Earnings and Revenue History
CPFL Energia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CPFL Energia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CPL Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 28,563.60 1,689.89 1,445.85
2018-03-31 27,580.78 1,377.65 1,459.24
2017-12-31 26,744.91 1,179.75 1,537.51
2017-09-30 24,797.06 859.33 1,544.70
2017-06-30 21,795.92 759.09 1,526.25
2017-03-31 20,314.10 875.42 1,475.13
2016-12-31 19,112.09 900.89 1,396.82
2016-09-30 18,779.73 1,066.90 1,351.89
2016-06-30 18,964.09 1,102.95 1,336.89
2016-03-31 19,645.91 967.32 1,376.48
2015-12-31 20,599.21 864.94 1,328.42
2015-09-30 20,662.76 1,072.77 1,329.33
2015-06-30 19,937.57 901.20 1,294.34
2015-03-31 18,668.70 941.65 1,196.91
2014-12-31 17,305.94 949.18 1,177.06
2014-09-30 15,780.94 738.10 1,072.95
2014-06-30 15,141.08 993.87 1,050.25
2014-03-31 14,845.74 708.33 1,273.92
2013-12-31 14,633.86 937.42 1,306.08
2013-09-30 15,086.01 822.06 1,485.18
2013-06-30 15,309.29 819.04 1,532.38
2013-03-31 15,214.12 1,181.52 1,258.38
2012-12-31 14,890.88 1,176.25 1,192.51
2012-09-30 14,124.91 1,446.54 1,044.28
2012-06-30 13,591.74 1,466.47 974.39
2012-03-31 13,133.43 1,512.83 982.46
2012-01-01 12,674.47 1,492.54 959.25
2011-09-30 12,538.43 1,472.53 903.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CPFL Energia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CPFL Energia used its assets more efficiently than the US Electric Utilities industry average last year based on Return on Assets.
  • CPFL Energia has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CPFL Energia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CPFL Energia has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CPFL Energia's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CPFL Energia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CPFL Energia's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CPFL Energia's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CPFL Energia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CPFL Energia Company Filings, last reported 2 months ago.

NYSE:CPL Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 11,940.75 20,658.70 3,169.64
2018-03-31 11,539.22 20,885.41 3,599.95
2017-12-31 11,186.34 20,263.39 3,460.48
2017-09-30 11,094.96 19,942.54 3,837.60
2017-06-30 10,710.51 20,923.56 4,316.09
2017-03-31 10,593.22 21,145.02 4,878.26
2016-12-31 10,372.67 22,162.25 6,165.00
2016-09-30 10,453.67 19,057.55 5,637.15
2016-06-30 10,183.97 19,670.58 6,132.61
2016-03-31 10,357.88 19,851.19 5,321.72
2015-12-31 10,130.14 21,245.58 7,170.45
2015-09-30 10,036.10 21,295.99 5,308.71
2015-06-30 9,622.26 19,646.28 4,508.19
2015-03-31 9,526.52 19,828.87 4,924.90
2014-12-31 9,397.33 18,698.61 4,973.71
2014-09-30 8,206.93 17,417.19 4,005.91
2014-06-30 8,535.89 18,210.52 4,746.09
2014-03-31 8,958.06 17,312.42 4,257.20
2013-12-31 8,798.72 16,660.81 4,231.23
2013-09-30 8,519.17 17,861.79 5,430.13
2013-06-30 8,199.76 18,362.01 5,426.48
2013-03-31 8,289.25 15,805.04 2,779.30
2012-12-31 7,891.13 15,178.09 2,441.13
2012-09-30 8,200.38 16,710.57 2,703.77
2012-06-30 8,476.84 15,332.83 2,058.59
2012-03-31 8,976.26 13,486.52 2,751.86
2012-01-01 8,658.47 11,574.14 2,710.95
2011-09-30 8,097.27 13,004.25 4,319.36
  • CPFL Energia's level of debt (173%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (223.8% vs 173% today).
  • Debt is not well covered by operating cash flow (5.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.3x coverage).
X
Financial health checks
We assess CPFL Energia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CPFL Energia has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is CPFL Energia's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.16%
Current annual income from CPFL Energia dividends.
If you bought $2,000 of CPFL Energia shares you are expected to receive $23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CPFL Energia's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.26%).
  • CPFL Energia's dividend is below the markets top 25% of dividend payers in United States of America (3.3%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CPL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1973 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.7%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.3%
United States of America Top 25% Dividend Yield 75th Percentile 3.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CPL Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
NYSE:CPL Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2018-04-30 0.275 1.232
2017-03-24 0.218 0.884
2016-11-10 0.436 1.736
2016-04-29 0.202 0.919
2014-03-28 0.915 5.084
2013-08-15 0.805 4.580
2013-03-14 1.077 5.344
2012-08-07 1.374 6.619
2012-03-13 1.480 6.156
2011-08-10 1.690 7.712
2011-03-29 1.238 5.807
2010-08-12 1.406 7.244
2010-04-27 1.208 6.649
2009-06-29 1.189 7.353
2009-02-20 1.189 7.886
2008-09-23 1.538 10.320

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of CPFL Energia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CPFL Energia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CPFL Energia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CPFL Energia has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of CPFL Energia's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andre Dorf, image provided by Google.
Andre Dorf
AGE 45
TENURE AS CEO 2.2 years
CEO Bio

Mr. Andre Dorf has been the Chairman and Director of CPFL Energias Renováveis S.A. since August 4, 2016. Mr. Dorf served as Chief Executive Officer CPFL Energias Renováveis S.A. since March 02, 2018. He has been the Chief Executive Officer of CPFL Energia S.A. since July 1, 2016 and serves as its Member of the Board of Executive Officers. Mr. Dorf has been the Chief Executive Officer of Suzano Energia Renovavel Ltda. since July 29, 2010 and serves as its Member of Executive Board. He served as New Business Executive Officer of Suzano Papel e Celulose S.A. He served as an Executive Officer of Strategy, Business Development and Investor Relations Division at Suzano Holding SA. He served as Executive Officer responsible for Business Development at Braskem Petroquímica S.A. (fiorQuattor Petroquimica SA) and served as its Chief Strategy and New Business Officer since 2002. He served as an Executive Officer of Business Development at Suzano Papel e Celulose S.A. and also served as its Executive Officer of Strategy and Investor Relations and Chief Strategy & New Business Officer. He has performed as President of Suzano Energia Renovável and previously performed in Suzano Papel e Celulose, where he was Executive Officer/Executive Director of Development and New Businesses, from 2003 to 2005 and subsequently, from 2005 to 2008, Executive Director of the Paper Business Unit and from 2008 to 2010, Executive Director of Strategy, New Businesses and Investor Relations. He started his career in investment banks where he performed since 1996 in companies like Banco Patrimônio De Investimento, Chase Manhattan Bank and JP Morgan (SP and NY). Mr. Dorf served as a Senior Associate of the São Paulo branch of JPMorgan. He served as a Senior Associate of JPMorgan - New York (Latin America Corporate Finance Group and Global Paper & Packaging Group) since 2002. He has been a Director of CPFL Energia S.A. since 2017. He holds a Bachelor Degree in Business Administration from the Getúlio Vargas Foundation. He attended the Salomon Brothers Analyst Training Program in New York in 1997 and a Finance Course at the University of California - Santa Barbara (SCSB) in 1993.

CEO Compensation
  • Insufficient data for Andre to compare compensation growth.
  • Insufficient data for Andre to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CPFL Energia management team in years:

3.9
Average Tenure
45
Average Age
  • The tenure for the CPFL Energia management team is about average.
Management Team

Andre Dorf

TITLE
CEO, Member of the Board of Executive Officers & Director
AGE
45
TENURE
2.2 yrs

Gustavo Estrella

TITLE
Chief Financial & Investor Relations Officer and Member of the Board of Executive Officers
AGE
44
TENURE
5.6 yrs

Karin Luchesi

TITLE
Chief Market Operations Officer & Member of the Board of Executive Officers
AGE
41

Wagner Luiz de Freitas

TITLE
Chief Planning & Business Management Officer and Member of the Board of Executive Officers
AGE
46

Luís Henrique Pinto

TITLE
Chief Regulated Operations Officer & Member of the Board of Executive Officers
AGE
57

Sérgio Felice

TITLE
Chief Accounting Officer

Gustavo Gachineiro

TITLE
Chief Legal & Institutional Relations Officer
AGE
47

Yuehui Pan

TITLE
Deputy Chief Financial Officer
AGE
37
TENURE
0.3 yrs

Gisélia Silva

TITLE
Secretary
TENURE
9 yrs

Gustavo de Aguiar Sablewski

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the CPFL Energia board of directors in years:

0.4
Average Tenure
51
Average Age
  • The average tenure for the CPFL Energia board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yumeng Zhao

TITLE
Chairman of the Board
AGE
45
TENURE
0.4 yrs

Andre Dorf

TITLE
CEO, Member of the Board of Executive Officers & Director
AGE
45
TENURE
1.7 yrs

Shirong Lyu

TITLE
Vice-Chairman
AGE
54
TENURE
0.3 yrs

Yang Qu

TITLE
Director
AGE
53

Antônio Kandir

TITLE
Independent Director
AGE
65

Marcelo Moraes

TITLE
Independent Director
AGE
51
TENURE
1.2 yrs

Bo Wen

TITLE
Director
TENURE
0.4 yrs

Ran Zhang

TITLE
Member of Fiscal Council
AGE
35

Ricardo dos Santos

TITLE
Member of Fiscal Council
AGE
63

Lisa Gabbai

TITLE
Member of Fiscal Council
AGE
34
TENURE
0.4 yrs
Recent Insider Trading
  • No 3 month insider trading information.
Who owns this company?
X
Management checks
We assess CPFL Energia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CPFL Energia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

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Company Info

Map
Description

CPFL Energia S.A., together with its subsidiaries, generates, transmits, distributes, and commercializes electricity to residential, industrial, and commercial customers in Brazil. The company generates electricity through wind, biomass-powered thermal, solar, and hydroelectric power plants. It also manufactures, commercializes, rents, and maintains electro-mechanical equipment; and offers administrative, call center, collection, IT, telecommunication, energy transmission, and energy efficiency management services, as well as maintenance services for energy generation companies. As of December 31, 2017, the company distributed electricity to approximately 9.4 million customers; and had 318,018 kilometers of distribution lines, which included 457,741 distribution transformers. It also has an installed capacity of 3,284 megawatts. CPFL Energia S.A. was founded in 1998 and is headquartered in Campinas, Brazil. CPFL Energia S.A. is a subsidiary of State Grid Brazil Power Participações Ltda.

Details
Name: CPFL Energia S.A.
CPL
Exchange: NYSE
Founded: 1998
R$5,945,927,418
1,017,914,746
Website: http://www.cpfl.com.br
Address: CPFL Energia S.A.
Rodovia Engenheiro Miguel Noel Nascentes Burnier, 1,755, km 2,5,
Parque São Quirino,
Campinas,
São Paulo, 13088-140,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA CPFE3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 01. Oct 2004
NYSE CPL SPON ADR EA REP 2 ORD NPV New York Stock Exchange US USD 29. Sep 2004
DB FKZ SPON ADR EA REP 2 ORD NPV Deutsche Boerse AG DE EUR 29. Sep 2004
BMV CPL N SPON ADR EA REP 2 ORD NPV Bolsa Mexicana de Valores MX MXN 29. Sep 2004
Number of employees
Current staff
Staff numbers
0
CPFL Energia employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/09/22 21:13
End of day share price update: 2018/09/21 00:00
Last estimates confirmation: 2018/03/27
Last earnings filing: 2018/08/14
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.