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CTEEP - Companhia de Transmissão de Energia Elétrica Paulista

OTCPK:CTPT.Y
Snowflake Description

Undervalued with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CTPT.Y
OTCPK
R$18B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

CTEEP – Companhia de Transmissão de Energia Elétrica Paulista S.A., an electric utility concession operator, engages in the electric power transmission business in Brazil. The last earnings update was 77 days ago. More info.


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CTPT.Y Share Price and Events
7 Day Returns
0%
OTCPK:CTPT.Y
-0.5%
US Electric Utilities
0.6%
US Market
1 Year Returns
-
OTCPK:CTPT.Y
14.4%
US Electric Utilities
4.7%
US Market
CTPT.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista (CTPT.Y) 0% -0.7% 33.5% - 72.6% 38%
US Electric Utilities -0.5% 1.1% 3.9% 14.4% 15.5% 42.4%
US Market 0.6% 4.2% 2.7% 4.7% 38% 43.5%
1 Year Return vs Industry and Market
  • No trading data on CTPT.Y.
  • No trading data on CTPT.Y.
Price Volatility
CTPT.Y
Industry
5yr Volatility vs Market

Value

 Is CTEEP - Companhia de Transmissão de Energia Elétrica Paulista 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
Here we compare the current share price of CTEEP - Companhia de Transmissão de Energia Elétrica Paulista to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CTEEP - Companhia de Transmissão de Energia Elétrica Paulista.

OTCPK:CTPT.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:CTPT.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.262 (1 + (1- 34%) (17.8%))
0.526
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:CTPT.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CTEEP - Companhia de Transmissão de Energia Elétrica Paulista is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:CTPT.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BRL, Millions) Source Present Value
Discounted (@ 7.5%)
2020 837.73 Analyst x3 779.30
2021 1,889.50 Analyst x2 1,635.11
2022 2,139.90 Analyst x1 1,722.63
2023 2,120.50 Analyst x1 1,587.95
2024 2,124.34 Est @ 0.18% 1,479.86
2025 2,144.43 Est @ 0.95% 1,389.66
2026 2,176.19 Est @ 1.48% 1,311.88
2027 2,216.57 Est @ 1.86% 1,243.02
2028 2,263.52 Est @ 2.12% 1,180.81
2029 2,315.62 Est @ 2.3% 1,123.73
Present value of next 10 years cash flows R$13,453.97
OTCPK:CTPT.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= R$2,315.62 × (1 + 2.73%) ÷ (7.5% – 2.73%)
R$49,891.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= R$49,891.68 ÷ (1 + 7.5%)10
R$24,211.64
OTCPK:CTPT.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= R$13,453.97 + R$24,211.64
R$37,665.61
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$37,665.61 / 658.88
R$57.17
OTCPK:CTPT.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CTPT.Y represents 0.26201x of BOVESPA:TRPL4
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.26201x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 57.17 x 0.26201
$14.98
Value per share (USD) From above. $14.98
Current discount Discount to share price of $6.71
= -1 x ($6.71 - $14.98) / $14.98
55.2%

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

Current Discount
Amount off the current price CTEEP - Companhia de Transmissão de Energia Elétrica Paulista is available for.
Intrinsic value
>50%
Share price is $6.71 vs Future cash flow value of $14.98
Current Discount Checks
For CTEEP - Companhia de Transmissão de Energia Elétrica Paulista to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CTPT.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in BRL R$3.05
BOVESPA:TRPL4 Share Price ** BOVESPA (2019-06-27) in BRL R$25.61
United States of America Electric Utilities Industry PE Ratio Median Figure of 26 Publicly-Listed Electric Utilities Companies 22.55x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

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

** Primary Listing of CTEEP - Companhia de Transmissão de Energia Elétrica Paulista.

OTCPK:CTPT.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:TRPL4 Share Price ÷ EPS (both in BRL)

= 25.61 ÷ 3.05

8.39x

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

  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista is good value based on earnings compared to the US Electric Utilities industry average.
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's expected growth come at a high price?
Raw Data
OTCPK:CTPT.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-18.7%per year
United States of America Electric Utilities Industry PEG Ratio Median Figure of 22 Publicly-Listed Electric Utilities Companies 3.2x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

OTCPK:CTPT.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.39x ÷ -18.7%

-0.45x

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

  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's assets?
Raw Data
OTCPK:CTPT.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in BRL R$17.34
BOVESPA:TRPL4 Share Price * BOVESPA (2019-06-27) in BRL R$25.61
United States of America Electric Utilities Industry PB Ratio Median Figure of 29 Publicly-Listed Electric Utilities Companies 2.19x
United States of America Market PB Ratio Median Figure of 5,239 Publicly-Listed Companies 1.81x
OTCPK:CTPT.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:TRPL4 Share Price ÷ Book Value per Share (both in BRL)

= 25.61 ÷ 17.34

1.48x

* Primary Listing of CTEEP - Companhia de Transmissão de Energia Elétrica Paulista.

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

  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista is good value based on assets compared to the US Electric Utilities industry average.
X
Value checks
We assess CTEEP - Companhia de Transmissão de Energia Elétrica Paulista'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. CTEEP - Companhia de Transmissão de Energia Elétrica Paulista has a total score of 5/6, 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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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
-18.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CTEEP - Companhia de Transmissão de Energia Elétrica Paulista expected to grow at an attractive rate?
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CTPT.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CTPT.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -18.7%
OTCPK:CTPT.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -0.9%
United States of America Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 8.1%
United States of America Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
OTCPK:CTPT.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CTPT.Y Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,576 1
2022-12-31 2,646 1
2021-12-31 3,030 2,993 1,151 5
2020-12-31 2,962 2,485 1,260 6
2019-12-31 2,701 2,123 1,220 5
OTCPK:CTPT.Y Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2019-03-31 3,396 1,508 2,012
2018-12-31 3,185 1,314 1,882
2018-09-30 2,663 1,238 1,315
2018-06-30 2,377 1,020 1,073
2018-03-31 2,692 655 1,327
2017-12-31 2,701 404 1,366
2017-09-30 2,667 223 1,412
2017-06-30 8,657 104 5,494
2017-03-31 8,048 221 5,099
2016-12-31 7,786 319 4,932
2016-09-30 7,586 335 4,802
2016-06-30 1,309 512 542

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
OTCPK:CTPT.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from CTEEP - Companhia de Transmissão de Energia Elétrica Paulista Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CTPT.Y Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.75 1.75 1.75 1.00
2020-12-31 1.66 1.72 1.59 2.00
2019-12-31 1.44 1.44 1.44 1.00
OTCPK:CTPT.Y Past Financials Data
Date (Data in BRL Millions) EPS *
2019-03-31 3.05
2018-12-31 2.86
2018-09-30 2.00
2018-06-30 1.63
2018-03-31 2.01
2017-12-31 2.07
2017-09-30 2.14
2017-06-30 8.34
2017-03-31 7.77
2016-12-31 7.55
2016-09-30 7.39
2016-06-30 0.84

*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.
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CTEEP - Companhia de Transmissão de Energia Elétrica Paulista'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.
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista 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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista 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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista'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.
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista has delivered over 20% year on year earnings growth in the past 5 years.
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's 1-year earnings growth exceeds its 5-year average (51.6% vs 28.6%)
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's earnings growth has exceeded the US Electric Utilities industry average in the past year (51.6% vs 9.7%).
Earnings and Revenue History
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista'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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CTPT.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,395.54 2,012.30 180.92
2018-12-31 3,184.65 1,881.67 181.30
2018-09-30 2,663.01 1,314.87 158.72
2018-06-30 2,376.82 1,073.04 148.72
2018-03-31 2,692.01 1,327.09 133.80
2017-12-31 2,701.19 1,365.51 130.39
2017-09-30 2,667.48 1,411.99 118.29
2017-06-30 8,657.21 5,493.80 125.79
2017-03-31 8,047.54 5,099.21 132.55
2016-12-31 7,785.62 4,932.31 132.59
2016-09-30 7,586.02 4,801.88 186.76
2016-06-30 1,309.24 542.07 180.14
2016-03-31 1,302.15 514.45 192.45
2015-12-31 1,287.13 504.43 201.98
2015-09-30 1,295.25 495.47 166.20
2015-06-30 1,191.81 363.57 187.64
2015-03-31 1,131.15 377.06 176.27
2014-12-31 1,102.79 378.22 164.40
2014-09-30 1,084.37 474.51 141.68
2014-06-30 1,018.67 89.16 125.29
2014-03-31 1,005.64 46.44 153.69
2013-12-31 981.17 31.92 158.90
2013-09-30 1,147.35 69.02 201.29
2013-06-30 1,445.74 555.63 200.27
2013-03-31 1,722.28 709.41 176.36
2012-12-31 2,015.00 843.49 177.33
2012-09-30 2,268.33 811.64 129.23

*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.
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista used its assets more efficiently than the US Electric Utilities industry average last year based on Return on Assets.
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CTEEP - Companhia de Transmissão de Energia Elétrica Paulista'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.
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista 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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista'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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CTEEP - Companhia de Transmissão de Energia Elétrica Paulista'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x 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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista Company Filings, last reported 3 months ago.

OTCPK:CTPT.Y Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11,705.07 3,118.39 1,105.25
2018-12-31 11,299.53 3,014.97 697.65
2018-09-30 11,539.93 2,991.50 1,603.96
2018-06-30 10,834.55 2,547.88 850.89
2018-03-31 11,423.10 1,928.95 727.98
2017-12-31 11,199.66 1,942.99 616.65
2017-09-30 11,390.83 1,776.36 639.75
2017-06-30 10,929.23 1,288.82 259.93
2017-03-31 10,586.95 1,306.57 440.96
2016-12-31 10,297.12 1,010.45 340.66
2016-09-30 10,211.53 1,229.42 574.88
2016-06-30 5,645.28 1,074.54 425.72
2016-03-31 5,527.03 1,104.69 409.85
2015-12-31 5,515.00 1,096.66 446.19
2015-09-30 5,591.68 1,080.23 542.48
2015-06-30 5,316.47 1,070.87 396.67
2015-03-31 5,341.57 1,169.27 432.49
2014-12-31 5,228.61 1,191.88 484.30
2014-09-30 5,318.01 1,286.19 777.70
2014-06-30 5,059.36 1,308.87 532.97
2014-03-31 4,968.51 1,337.69 502.17
2013-12-31 4,912.45 1,239.48 600.03
2013-09-30 4,953.04 1,916.37 1,244.15
2013-06-30 5,197.71 1,909.21 1,233.64
2013-03-31 5,149.74 2,062.40 1,389.16
2012-12-31 5,078.23 2,524.75 309.60
2012-09-30 4,881.67 3,612.59 479.86
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's level of debt (26.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (26.9% vs 26.6% today).
  • Debt is well covered by operating cash flow (48.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 32.6x coverage).
X
Financial health checks
We assess CTEEP - Companhia de Transmissão de Energia Elétrica Paulista'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. CTEEP - Companhia de Transmissão de Energia Elétrica Paulista has a total score of 5/6, 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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista'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
11.77%
Current annual income from CTEEP - Companhia de Transmissão de Energia Elétrica Paulista dividends. Estimated to be 5.87% next year.
If you bought $2,000 of CTEEP - Companhia de Transmissão de Energia Elétrica Paulista shares you are expected to receive $235 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?
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
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
OTCPK:CTPT.Y 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 6 Analyst Estimates (S&P Global) See Below
United States of America Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:CTPT.Y Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.57 3.00
2020-12-31 1.44 4.00
2019-12-31 1.52 3.00
OTCPK:CTPT.Y Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2019-03-01 3.013 14.120
2018-02-26 0.888 5.457
2017-02-23 0.376 2.282
2016-02-29 0.519 3.394
2015-02-26 0.353 3.388
2014-10-30 0.098 1.004
2014-07-30 0.098 1.169
2014-02-28 0.377 5.819
2014-02-27 0.377 5.958
2013-10-28 0.000 0.000
2013-08-14 0.000 0.000
2013-05-15 0.000 0.000
2013-02-26 0.000 0.000
2013-02-25 0.000 0.000
2012-11-12 0.000 0.000
2012-03-15 1.246 10.158
2011-04-11 1.271 10.024
2011-03-16 1.271 9.826
2010-03-12 1.302 10.488
2009-12-01 1.231 10.011
2009-03-13 1.231 10.277

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 increased over the past 10 years.
Current Payout to shareholders
What portion of CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CTEEP - Companhia de Transmissão de Energia Elétrica Paulista has a total score of 4/6, 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 CTEEP - Companhia de Transmissão de Energia Elétrica Paulista'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
Reynaldo Filho
AGE 54
CEO Bio

Mr. Reynaldo Passanezi Filho has been the Chairman of Executive Board at CTEEP - Companhia de Transmissão de Energia Elétrica Paulista since November 1, 2013 and serves as its Chief Executive Officer, President and Member of Executive Board. Mr. Passanezi Filho has been Chief Finance and Investor Relations Officer of CTEEP - Companhia de Transmissão de Energia Elétrica Paulista since March 2019. Mr. Passanezi Filho previously served as Chief Finance and Investor Relations Officer of CTEEP - Companhia de Transmissão de Energia Elétrica Paulista until November 30, 2013 and also served as its Financial & Investor Relations Director until March 2019.

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

Reynaldo Filho

TITLE
Chairman of Executive Board
AGE
54

Weberson Eduardo Abreu

TITLE
Chief Project Officer & Member of Management Board

Carlos Ribeiro

TITLE
CTO & Member of Management Board
AGE
68

Rafael Noda

TITLE
Chief Institutional Relations Officer & Member of Executive Board
AGE
40
Board of Directors

Bernardo Gibsone

TITLE
Chairman of the Board
AGE
60

Gustavo Carlos Garat

TITLE
Vice Chairman of The Board
AGE
61

Manuel de Jesus e Pinho

TITLE
Chairman of Fiscal Council
AGE
69

Cesár Augusto Rojas

TITLE
Director
AGE
63

Fernando Augusto Pinto

TITLE
Director
AGE
64

Ana Milena Rocha

TITLE
Director
AGE
38

José Andrés Tarazona

TITLE
Director

Orivaldo Pellegrino

TITLE
Director
AGE
54

Roberto do Nascimento

TITLE
Independent Director
AGE
52
TENURE
0.5 yrs

Flávio César Luz

TITLE
Councilor
AGE
68
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess CTEEP - Companhia de Transmissão de Energia Elétrica Paulista's management by checking for:
  1. Is the CEO's compensation unreasonable compared to 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. CTEEP - Companhia de Transmissão de Energia Elétrica Paulista 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.

News

Simply Wall St News

Company Info

Description

CTEEP – Companhia de Transmissão de Energia Elétrica Paulista S.A., an electric utility concession operator, engages in the electric power transmission business in Brazil. As of February 28, 2018, it had a total installed capacity of 65,060 MVA of transformation comprising 18,642 kilometers (km) of transmission lines; 25,795 km of circuits; 2,358 km of fiber optic cables; and 126 substations with voltage of up to 550 kV. It operates in the states of Rio Grande do Sul, Santa Catarina, Paraná, São Paulo, Minas Gerais, Espírito Santo, Rondônia, Mato Grosso, Mato Grosso do Sul, Goiás, Tocantins, Maranhão, Piauí, Paraíba, Pernambuco, and Alagoas. The company was founded in 1999 and is based in São Paulo, Brazil.

Details
Name: CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A.
CTPT.Y
Exchange: OTCPK
Founded: 1999
R$4,680,868,007
658,883,304
Website: http://www.isacteep.com.br
Address: CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A.
Rua Casa do Ator, 1.155,
Vila Olímpia,
São Paulo,
São Paulo, 04546-004,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA TRPL4 Preferred Shares Bolsa de Valores de Sao Paulo BR BRL 26. Jul 1999
OTCPK CTPZ.Y SPONS ADR PFD Pink Sheets LLC US USD 26. Oct 1999
OTCPK CTPT.Y SPONSORED ADR Pink Sheets LLC US USD 02. Aug 2006
BOVESPA TRPL3 Ordinary Shares Bolsa de Valores de Sao Paulo BR BRL 25. Aug 1999
Number of employees
Current staff
Staff numbers
1,500
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 00:00
End of day share price update: 2019/06/27 00:00
Last estimates confirmation: 2019/07/03
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.