Companhia Paranaense de Energia ELPC
BrazilUtilities · Utilities - Regulated ElectricUSD
17.00 USD (+21.8%)
3 analysts
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Companhia Paranaense de Energia (ELPC) is a Brazilian utility that generates, transmits, and distributes electricity in the state of Paraná, operating under a regulated concession model.
Key points
from its scores- ✓Good share-price trend9.2
- ✓Very solid balance sheet7.8
- ✓Strong growth7.8
- !Modest dividend5.0
- !Average business quality5.3
AI analysis
bottom line, main risk, context and newsThe combination of a healthy balance sheet and strong growth is attractive, but governance risk in Brazil and an unsustainable payout limit upside potential.
ELPC presents solid financial health (Net Debt/EBITDA of 2.97) and 50% earnings growth, but its valuation (P/E 17.23) and quality (ROE 12.76%) are only moderate, and the 102.7% payout ratio is a red flag for dividend sustainability.
The main risk is governance and the regulatory environment in Brazil, where political interference in utility tariffs can erode the profitability of ELPC's concessions despite its solid fundamentals.
Context and risks
Companhia Paranaense de Energia (ELPC) is a regulated electric utility domiciled in Brazil, a country with weak institutional governance and a history of political interference in state-owned companies and public service concessionaires. Although the company is not flagged as state-controlled, the risk that the regulator sets tariffs below the cost of capital or that regulatory changes affect the profitability of its concessions is material. This governance and regulatory risk is not reflected in financial metrics and justifies a negative adjustment to the base risk.
Is Companhia Paranaense de Energia stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Utilities median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 17.2 | 19.1 | −10% |
| EV / EBITDA | 10.6 | 12.2 | −13% |
| Price / book | 2.3 | 1.9 | +16% |
| Price / sales | 1.9 | 2.6 | −28% |
Sector: median of the 92 Utilities companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.7 out of 10 (median for Utilities: 4.8).
Average analyst target: 17.00 USD, +21.8% versus the price.
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Utilities medianValuation
- P/E
- 17.2
- Forward P/E
- 19.2
- EV / EBITDA
- 10.6
- Price / book
- 2.3
- Price / sales
- 1.9
- PEG
- 0.55
- Market cap
- 10.4B USD
- Enterprise value
- 72.3B BRL
Profitability
- ROE
- 12.8%
- ROA
- 5.4%
- ROIC (approx.)
- 13.3%
- Gross margin
- 20.4%
- Operating margin
- 22.1%
- Net margin
- 11.4%
- Free cash flow
- 3.8B BRL
- FCF yield
- 7.4%
- Cash conversion
- 56%
Solvency
- Total debt
- 23.6B BRL
- Net debt
- 20.3B BRL
- Cash
- 3.3B BRL
- EBITDA
- 6.8B BRL
- Net debt / EBITDA
- 2.97
- Debt / equity
- 97.60
- Current ratio
- 1.30
- Quick ratio
- 1.05
Growth
- Revenue growth
- +11.1%
- Earnings growth
- +50.0%
- EPS (TTM)
- 0.81 USD
- EPS (forward)
- 0.73 USD
Dividend
- Dividend yield
- 3.8%
- Payout
- 102.7%
Risk and market
- Beta
- 0.29
- Analyst consensus
- none (3)
- Target price
- 17.00 USD
- 52-week range
- 8.26 – 14.51
Recent news
All ELPC news →Compare it with its sector
All 92 in Utilities →Frequently asked questions about Companhia Paranaense de Energia
Is Companhia Paranaense de Energia stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Utilities median (within 15%). Valuation score: 6.7 out of 10 (median for Utilities: 4.8). Average analyst target: 17.00 USD, +21.8% versus the price. This is not investment advice.
What score does Companhia Paranaense de Energia get on MeridIAn Screener?
It scores 6.4 out of 10, rank 625 of 2,130 (better than 68% of the companies analysed). Its strongest category is Momentum (9.2) and its weakest, Dividend (5.0). Analysis of 08/10/2026.
What is Companhia Paranaense de Energia's P/E ratio?
Its P/E is 17.2: the share price equals 17.2 times earnings per share over the last 12 months. The Utilities median is 19.1. Based on the earnings analysts expect, the forward P/E is 19.2.
How much is Companhia Paranaense de Energia worth on the stock market?
Its market capitalisation is 10.4B USD and its enterprise value, debt included, is 72.3B USD.
How much debt does Companhia Paranaense de Energia have?
Its net debt (debt minus cash) is 20.3B BRL. That is 2.97 times its EBITDA; the Utilities median is 5.33.
Does Companhia Paranaense de Energia pay a dividend?
Yes: its dividend yield is 3.80% and it pays out 103% of its earnings.
How has Companhia Paranaense de Energia stock performed over the last year?
It has risen 69.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 8.26 and 14.51 USD. Past performance does not guarantee future results.
What do analysts think of Companhia Paranaense de Energia?
3 analysts cover it; their average recommendation is “none” and their average target is 17.00 USD (+21.8% versus the price). It is an estimate, not market data.