Companhia Paranaense de Energia (ELPC) 10-Year Financial Performance & Capital Metrics

ELPC • • Utilities

UtilitiesDiversified UtilitiesInternational Diversified UtilitiesBrazilian Integrated Utilities

AboutCompanhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services segments. It is also involved in the piped natural gas distribution. The company operates hydroelectric, wind, and thermoelectric plants; and owns and operates transmission and distribution lines. It holds concessions to distribute electricity in municipalities in the State of Paraná and in the municipality of Porto União in the State of Santa Catarina. Companhia Paranaense de Energia COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.Show more

Revenue $22.65B +5.5%
EBITDA $5.07B +11.0%
Net Income $2.81B +24.4%
Free Cash Flow -$435M -666.9%
EBITDA Margin 22.38% +5.2%
Net Margin 12.4% +18.0%
ROE 11.28% +13.1%
Interest Coverage 47.17
Debt/Equity 0.69 +8.9%
Net Debt/EBITDA 2.65 +25.9%
CapEx / Revenue 4.7% +60.8%
CapEx Coverage 0.59 -47.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong interest coverage of 47.2x
✓Trading at only 0.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.93%

5Y7.38%

3Y-

TTM12.38%

Profit (Net Income) CAGR

10Y8.83%

5Y7.14%

3Y-17.22%

TTM-25.42%

EPS CAGR

10Y18.94%

5Y42.41%

3Y60.75%

TTM38.34%

ROCE

10Y Avg7.63%

5Y Avg7.85%

3Y Avg5.97%

Latest7.7%

Peer Comparison

Brazilian Integrated Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ELPCompanhia Paranaense de Energia - COPEL	7.25M	9.27	2.97	5.45%	8.85%	8.51%		0.69
CIG-CCompanhia Energética de Minas Gerais	2.52B	2.63	1.06	8.06%	9.51%	13.99%	100%	0.46
CIGCompanhia Energética de Minas Gerais	3.77B	1.98	0.80	8.06%	9.26%	13.99%	82.76%	0.46
ELPCCompanhia Paranaense de Energia	6.93B	9.33	0.54	5.45%	8.85%	8.51%		0.69

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	14.95B	13.1B	14.02B	14.55B	15.87B	18.63B	-13.33B	20.54B	21.48B	22.65B
Revenue Growth %	0.07%	-0.12%	0.07%	0.04%	0.09%	0.17%	-1.72%	2.54%	0.05%	0.05%
Cost of Revenue	11.8B	10.23B	10.67B	11.37B	11.46B	13.35B	16.71B	15.61B	16.58B	17.76B
Gross Profit+	3.15B	2.87B	3.36B	3.18B	4.41B	5.29B	-30.03B	4.93B	4.9B	4.89B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.16%	-0.09%	0.17%	-0.05%	0.39%	0.2%	-6.68%	1.16%	-0.01%	-0%
Operating Expenses+	1.16B	1.09B	1.97B	1.22B	1.7B	393.34M	-32.95B	3.65B	1.71B	1.29B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	2.67B	2.49B	2.12B	2.65B	3.65B	5.9B	3.93B	2.51B	4.57B	5.07B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.19%	-0.07%	-0.15%	0.25%	0.38%	0.62%	-0.33%	-0.36%	0.82%	0.11%
Depreciation & Amortization+	676.47M	708.3M	731.6M	696.93M	950.73M	1.01B	1.02B	1.23B	1.38B	1.47B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	1.99B	1.78B	1.39B	1.96B	2.7B	4.89B	2.91B	1.28B	3.19B	3.6B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.23%	-0.11%	-0.22%	0.4%	0.38%	0.81%	-0.4%	-0.56%	1.49%	0.13%
Interest Expense+	34.06M	47.02M	85.56M	51.24M	245.66M	131.3M	41.91M	91.36M	-741.16M	76.4M
Interest Coverage	58.46x	37.90x	16.28x	38.18x	11.00x	37.26x	69.54x	14.01x	-	47.17x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	0	-1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K
Pretax Income+	1.69B	1.39B	1.39B	1.84B	2.85B	5.12B	4.58B	942.89M	2.49B	2.91B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	532.23M	519.69M	274.69M	471.17M	675.66M	1.29B	1.18B	-281.1M	354.06M	599.43M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.11B	895.77M	1.03B	1.41B	1.99B	3.9B	4.95B	1.11B	2.26B	2.81B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.08%	-0.19%	0.15%	0.36%	0.41%	0.96%	0.27%	-0.78%	1.03%	0.24%
EPS (Diluted)+	2.09	1.39	1.89	2.25	2.95	4.43	4.16	6.52	2.56	17.28
EPS Growth %	-0.31%	-0.33%	0.36%	0.19%	0.31%	0.5%	-0.06%	0.57%	-0.61%	5.75%
EPS (Basic)	2.09	1.39	1.89	2.25	2.95	4.43	4.16	6.52	2.56	17.28
Diluted Shares Outstanding	171.03M	171.03M	171.03M	171.03M	171.03M	171.03M	171.03M	171.03M	176.94M	186.42M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	28.84B	30.29B	33.16B	36.05B	38.31B	46.78B	49.54B	49.7B	55.82B	57.38B
Asset Growth %	0.13%	0.05%	0.09%	0.09%	0.06%	0.22%	0.06%	0%	0.12%	0.03%
PP&E (Net)+	8.69B	8.93B	9.83B	10.96B	10.68B	9.63B	10.35B	10.33B	11.08B	8.83B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	6.82B	4.24B	5.7B	6.68B	7.91B	11.41B	11.19B	9.33B	13.72B	13.04B
Cash & Equivalents	1.48B	982.07M	1.04B	1.95B	2.94B	3.22B	3.47B	2.68B	5.63B	4.16B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	131.02M	130.64M	110.56M	116.28M	130.44M	162.79M	197.78M	194.85M	174.73M	136.32M
Other Current Assets	113.66M	1.29M	226.48M	191.08M	219.38M	1.52B	182K	157K	1.84B	1.88B
Long-Term Investments	2.46B	2.95B	2.98B	2.86B	2.95B	3.22B	3.79B	3.97B	4.77B	4.62B
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	6.15B	6.46B	6.45B	6.03B	6.33B	6.93B	9.22B	10.28B	11.17B	16.62B
Other Assets	4.19B	6.9B	7.28B	8.51B	9.43B	14.41B	14.03B	14.15B	13.33B	13.1B
Total Liabilities	14.36B	15.31B	17.65B	19.71B	20.71B	26.53B	27.36B	28.57B	31.63B	31.75B
Total Debt+	7.76B	8.84B	9.83B	11.68B	11.67B	10.08B	12.04B	12.73B	15.23B	17.57B
Net Debt	6.28B	7.86B	8.79B	9.74B	8.73B	6.86B	8.57B	10.05B	9.6B	13.41B
Long-Term Debt	6.53B	6.24B	7.41B	8.27B	10.15B	7.35B	9.1B	10.83B	13.06B	13.99B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	118.02M	96.6M	138.36M	212.73M	273.76M	270.44M	53.12M
Total Current Liabilities+	4.79B	5.66B	6.11B	6.72B	5.35B	9.65B	7.98B	7.16B	9.31B	10.34B
Accounts Payable	1.67B	1.32B	1.75B	1.49B	1.76B	2.38B	2.69B	2.2B	2.26B	2.44B
Accrued Expenses	258.4M	176.68M	192.89M	284.18M	101.98M	200K	0	47.46M	27K	411.1M
Deferred Revenue	277.46M	141.71M	150.03M	79.87M	28.51M	0	0	0	0	0
Other Current Liabilities	211.2M	495.77M	712.14M	249.03M	600.93M	2.04B	1.06B	1.04B	2.95B	2.55B
Deferred Taxes	214K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	3.05B	3.24B	3.97B	4.47B	4.86B	8.95B	8.75B	8.86B	7.35B	5.25B
Total Equity+	14.48B	14.98B	15.51B	16.34B	17.6B	20.25B	22.18B	21.13B	24.19B	25.64B
Equity Growth %	0.06%	0.03%	0.04%	0.05%	0.08%	0.15%	0.1%	-0.05%	0.14%	0.06%
Shareholders Equity	14.16B	14.72B	15.21B	16.03B	17.25B	19.96B	21.84B	20.82B	23.89B	25.67B
Minority Interest	317.95M	260.04M	302.66M	303.29M	345.8M	291.41M	338.21M	313.86M	305.51M	-37.78M
Common Stock	6.91B	7.91B	7.91B	7.91B	10.8B	10.8B	10.8B	10.8B	12.82B	12.82B
Additional Paid-in Capital	6.91B	7.91B	7.91B	7.91B	0	0	0	0	0	0
Retained Earnings	5.33B	5.02B	5.56B	6.42B	4.85B	6.09B	7.79B	7.91B	9B	9.36B
Accumulated OCI	744.78M	792.72M	844.4M	914.75M	1.01B	2.72B	1.46B	1.51B	1.63B	1.77B
Return on Assets (ROA)	0.04%	0.03%	0.03%	0.04%	0.05%	0.09%	0.1%	0.02%	0.04%	0.05%
Return on Equity (ROE)	0.08%	0.06%	0.07%	0.09%	0.12%	0.21%	0.23%	0.05%	0.1%	0.11%
Debt / Equity	0.54x	0.59x	0.63x	0.72x	0.66x	0.50x	0.54x	0.60x	0.63x	0.69x
Debt / Assets	0.27%	0.29%	0.3%	0.32%	0.3%	0.22%	0.24%	0.26%	0.27%	0.31%
Net Debt / EBITDA	2.35x	3.15x	4.14x	3.67x	2.39x	1.16x	2.18x	4.00x	2.10x	2.65x
Book Value per Share	84.66	87.57	90.69	95.51	102.89	118.4	129.65	123.55	136.73	137.52

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.32B	1.48B	989.21M	1.77B	2.95B	764M	627.64M	755.67M	704.42M	629.49M
Operating CF Growth %	0.21%	0.12%	-0.33%	0.79%	0.66%	-0.74%	-0.18%	0.2%	-0.07%	-0.11%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	1.16B	874.47M	1.12B	1.44B	2.06B	742.25M	697.35M	229.77M	413.89M	429.99M
Depreciation & Amortization	676.47M	708.3M	731.6M	696.93M	950.73M	195.79M	200.61M	238.76M	276.69M	271.84M
Deferred Taxes	532.23M	519.69M	274.69M	470.89M	675.66M	4.83M	146.48M	-125.69M	-3.41M	78.17M
Other Non-Cash Items	-1.21B	442.41M	-1.38B	-1.18B	-822.25M	-451.31M	-912.56M	47.65M	-99.95M	-164.53M
Working Capital Changes	160.32M	-1.07B	249.31M	342.09M	78M	272.45M	495.76M	365.17M	117.2M	14.01M
Capital Expenditures+	-1.72B	-2.21B	-2.01B	-2.15B	-1.66B	-323.29M	-62.66M	-537.32M	-627.66M	-1.06B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-1.95B	-2.51B	-1.58B	-2.15B	-1.66B	-323.29M	5.91M	-537.32M	-627.66M	-1.06B
Acquisitions	0	74.98M	0	43.28M	-88.76M	0	-93.01M	-3.49M	-182.48M	0
Purchase of Investments	-528.63M	-505.1M	-248.24M	-127.36M	-133.87M	-23.4M	-15.77M	-935.03K	-10.98M	-6.11M
Sale of Investments	1000K	1000K	1000K	0	1000K	44.2K	0	1000K	1000K	1000K
Other Investing	-747.34M	-810.19M	-660.54M	-856.12M	-1.12B	-254.08M	178.19M	-465.88M	-402.16M	-290.52M
Cash from Financing+	1.37B	535.6M	649.97M	1.29B	-288.04M	-332.5M	-534.53M	-372.16M	539.87M	149.11M
Dividends Paid	-307.53M	-368.96M	-506.4M	-300.72M	-380.42M	-121.43M	-717.97M	-419.74M	-150.23M	-294.3M
Dividend Payout Ratio %	0.28%	0.41%	0.49%	0.21%	0.19%	0.03%	0.14%	0.38%	0.07%	0.1%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K
Stock Issued	0	0	0	0	0	0	0	0	403.75M	0
Share Repurchases	0	0	0	0	0	0	0	0	0	-9.28M
Other Financing	0	0	0	-5.8M	200.74M	-12.87M	-9.84M	-11.66M	1.48M	-14.95M
Net Change in Cash+	740.6M	-498.65M	58M	908.33M	993.32M	-110.83M	3.03M	-116.22M	652.65M	-486.27M
Exchange Rate Effect	0	0	0	0	0	-1000K	-1000K	1000K	1000K	-1000K
Cash at Beginning	740.13M	1.48B	982.07M	1.04B	1.95B	731.32M	620.49M	623.52M	507.31M	1.16B
Cash at End	1.48B	982.07M	1.04B	1.95B	2.94B	620.49M	623.52M	507.31M	1.16B	673.69M
Free Cash Flow+	-400.6M	-736.35M	-1.02B	-378.18M	1.28B	440.71M	564.97M	218.35M	76.76M	-435.15M
FCF Growth %	0.62%	-0.84%	-0.39%	0.63%	4.39%	-0.66%	0.28%	-0.61%	-0.65%	-6.67%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.88%	6.08%	6.78%	8.84%	11.73%	20.63%	23.35%	5.14%	9.97%	11.28%
EBITDA Margin	17.85%	19.01%	15.15%	18.23%	23.02%	31.67%	-29.5%	12.24%	21.27%	22.38%
Net Debt / EBITDA	2.35x	3.15x	4.14x	3.67x	2.39x	1.16x	2.18x	4.00x	2.10x	2.65x
Interest Coverage	58.46x	37.90x	16.28x	38.18x	11.00x	37.26x	69.54x	14.01x	-	47.17x
CapEx / Revenue	5.04%	9.8%	8.6%	14.77%	10.48%	1.74%	-0.48%	2.62%	2.92%	4.7%
Dividend Payout Ratio	27.72%	41.19%	48.99%	21.37%	19.12%	3.11%	14.5%	37.75%	6.65%	10.47%
Debt / Equity	0.54x	0.59x	0.63x	0.72x	0.66x	0.50x	0.54x	0.60x	0.63x	0.69x
EPS Growth	-31.48%	-33.49%	35.97%	19.05%	31.11%	50.17%	-6.09%	56.73%	-60.74%	575%

Frequently Asked Questions

Valuation & Price

Companhia Paranaense de Energia (ELPC) has a price-to-earnings (P/E) ratio of 0.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Companhia Paranaense de Energia (ELPC) reported $24.95B in revenue for fiscal year 2024. This represents a 221% increase from $7.78B in 2011.

Companhia Paranaense de Energia (ELPC) grew revenue by 5.5% over the past year. This is steady growth.

Yes, Companhia Paranaense de Energia (ELPC) is profitable, generating $2.21B in net income for fiscal year 2024 (12.4% net margin).

Dividend & Returns

Yes, Companhia Paranaense de Energia (ELPC) pays a dividend with a yield of 16.92%. This makes it attractive for income-focused investors.

Companhia Paranaense de Energia (ELPC) has a return on equity (ROE) of 11.3%. This is reasonable for most industries.

Companhia Paranaense de Energia (ELPC) had negative free cash flow of $4.35B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Companhia Paranaense de Energia (ELPC) has a dividend payout ratio of 10%. This suggests the dividend is well-covered and sustainable.

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