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

ELP • • Utilities

UtilitiesDiversified UtilitiesInternational Diversified UtilitiesBrazilian Integrated Utilities

AboutCompanhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and trading of energy to industrial, residential, commercial, rural, and other customers primarily in the State of Paraná, Brazil. The company operates through Power generation and transmission, Power distribution, Gas, and Power sale segments. It is also involved in the piped natural gas distribution. As of December 31, 2021, the company operated 20 hydroelectric plants, 30 wind plants, and 1 thermoelectric plant with a total installed capacity of 5,957 megawatts; and owned and operated 3,638 km of transmission lines and 204,957 km of distribution lines. It holds concessions to distribute electricity in 394 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 $5.45B +9.0%
Net Income $2.81B +24.4%
Free Cash Flow -$435M -213.5%
EBITDA Margin 24.07% +3.4%
Net Margin 12.4% +18.0%
ROE 11.28% +13.1%
Interest Coverage 1.94 -6.1%
Debt/Equity 0.69 +8.9%
Net Debt/EBITDA 2.46 +28.2%
CapEx / Revenue 4.7% -67.8%
CapEx Coverage 0.59 -47.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 4.3%
✓Trading at only 0.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.93%

5Y7.38%

3Y-1.89%

TTM12.38%

Profit (Net Income) CAGR

10Y8.83%

5Y7.14%

3Y-17.22%

TTM-28.81%

EPS CAGR

10Y5.89%

5Y0.26%

3Y-17.32%

TTM-21.51%

ROCE

10Y Avg7.59%

5Y Avg8.21%

3Y Avg6.41%

Latest8.69%

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	14.93B	15.87B	18.63B	23.98B	20.54B	21.48B	22.65B
Revenue Growth %	0.07%	-0.12%	0.07%	0.06%	0.06%	0.17%	0.29%	-0.14%	0.05%	0.05%
Cost of Revenue	12.4B	10.66B	11.07B	12.03B	12.04B	13.35B	19.12B	16.6B	17.43B	18.58B
Gross Profit+	2.54B	2.44B	2.96B	2.9B	3.83B	5.29B	4.86B	3.93B	4.05B	4.07B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.4%	-0.04%	0.21%	-0.02%	0.32%	0.38%	-0.08%	-0.19%	0.03%	0.01%
Operating Expenses+	848.38M	1.05B	1.56B	921.11M	934.85M	969.23M	1.12B	2.99B	354.07M	8.65M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	2.37B	2.1B	2.12B	2.73B	3.81B	5.27B	4.78B	2.11B	5B	5.45B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.36%	-0.11%	0.01%	0.29%	0.4%	0.38%	-0.09%	-0.56%	1.37%	0.09%
Depreciation & Amortization+	676.47M	708.3M	731.6M	749.18M	916.52M	958.42M	1.03B	1.17B	1.3B	1.39B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	1.69B	1.39B	1.39B	1.98B	2.9B	4.32B	3.75B	942.89M	3.69B	4.06B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.52%	-0.18%	-0%	0.42%	0.46%	0.49%	-0.13%	-0.75%	2.92%	0.1%
Interest Expense+	971.41M	1.2B	1.29B	1.11B	940.05M	682.66M	976.6M	1.62B	1.79B	2.09B
Interest Coverage	1.74x	1.16x	1.08x	1.79x	3.08x	6.32x	3.83x	0.58x	2.07x	1.94x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	0	0	0	-1000K	-1000K	1000K	1000K	0	-1000K	-1000K
Pretax Income+	1.69B	1.39B	1.39B	1.96B	2.85B	5.12B	5.12B	942.89M	2.49B	2.91B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	532.23M	519.69M	274.69M	511.99M	675.66M	1.29B	1.26B	-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)+	1.64	1.32	1.52	2.04	3.08	5.60	5.52	1.80	2.92	3.12
EPS Growth %	-0.07%	-0.2%	0.15%	0.34%	0.51%	0.82%	-0.01%	-0.67%	0.62%	0.07%
EPS (Basic)	1.64	1.32	1.52	2.04	3.08	5.60	5.52	1.80	2.92	3.12
Diluted Shares Outstanding	684.14M	684.14M	684.14M	684.14M	684.14M	684.14M	684.14M	684.14M	707.74M	745.69M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	28.95B	30.29B	33.16B	35.93B	38.31B	46.78B	49.54B	49.7B	55.82B	57.38B
Asset Growth %	0.13%	0.05%	0.09%	0.08%	0.07%	0.22%	0.06%	0%	0.12%	0.03%
PP&E (Net)+	8.69B	8.93B	9.83B	10.84B	10.68B	9.63B	10.35B	10.33B	11.08B	8.83B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	6.93B	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	1.83B	1.29M	1.78B	1.42B	1.52B	3.93B	182K	2.83B	1.84B	4.43B
Long-Term Investments	2.32B	2.95B	2.81B	2.61B	2.83B	3.05B	3.79B	3.78B	4.77B	4.14B
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	4.86B	7.71B	8.37B	9.78B	10.56B	15.77B	14.03B	15.99B	13.33B	13.1B
Total Liabilities	14.36B	15.31B	17.65B	19.59B	20.71B	26.53B	27.36B	28.57B	31.63B	31.75B
Total Debt+	7.76B	8.84B	9.83B	11.68B	11.64B	10.08B	12.04B	12.73B	15.23B	17.57B
Net Debt	6.28B	7.86B	8.79B	9.74B	8.69B	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	0	96.6M	138.36M	212.73M	273.76M	270.44M	328.51M
Total Current Liabilities+	4.79B	5.66B	6.11B	6.7B	5.35B	9.65B	7.98B	7.16B	9.31B	10.34B
Accounts Payable	1.61B	1.26B	1.68B	1.42B	1.69B	2.29B	2.69B	2.09B	2.26B	2.32B
Accrued Expenses	1.02B	250.1M	284.76M	257.99M	326.84M	1.6B	0	1.03B	27K	987.98M
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	926.25M	1.55B	1.72B	1.69B	1.88B	3.12B	1.06B	2.35B	2.95B	3.72B
Deferred Taxes	0	0	0	0	0	0	1000K	0	1000K	1000K
Other Liabilities	3.05B	3.42B	4.13B	4.54B	5.15B	9.44B	8.75B	10.38B	7.35B	5.25B
Total Equity+	14.58B	14.98B	15.51B	16.34B	17.6B	20.25B	22.18B	21.13B	24.19B	25.64B
Equity Growth %	0.07%	0.03%	0.04%	0.05%	0.08%	0.15%	0.1%	-0.05%	0.14%	0.06%
Shareholders Equity	14.25B	14.72B	15.21B	16.03B	17.25B	19.96B	21.84B	20.82B	23.89B	25.67B
Minority Interest	338.75M	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	0	0	0	0	0	0	0	0	0	0
Retained Earnings	6.16B	5.81B	6.4B	7.34B	5.86B	8.81B	7.79B	9.42B	9B	9.36B
Accumulated OCI	1.18B	998.47M	895.6M	785.61M	591.93M	353.35M	1.46B	593.38M	1.63B	523M
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	0.53x	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%	0.33%	0.3%	0.22%	0.24%	0.26%	0.27%	0.31%
Net Debt / EBITDA	2.65x	3.74x	4.14x	3.56x	2.28x	1.30x	1.79x	4.76x	1.92x	2.46x
Book Value per Share	21.32	21.89	22.67	23.88	25.72	29.6	32.41	30.89	34.18	34.38

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	1.01B	1.77B	2.95B	764M	627.64M	755.67M	3.52B	629.49M
Operating CF Growth %	0.21%	0.12%	-0.31%	0.75%	0.66%	-0.74%	-0.18%	0.2%	3.66%	-0.82%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	1.27B	947.79M	1.12B	1.44B	2.06B	742.25M	697.35M	229.77M	2.14B	429.99M
Depreciation & Amortization	676.47M	708.3M	731.6M	749.18M	950.73M	195.79M	200.61M	238.76M	1.38B	271.84M
Deferred Taxes	532.23M	530.57M	274.69M	511.99M	675.66M	4.83M	146.48M	-125.69M	-17.05M	78.17M
Other Non-Cash Items	-1.1B	-85.15M	-1.55B	-1.46B	-822.25M	-451.31M	-912.56M	47.65M	-567.57M	-164.53M
Working Capital Changes	-1.09B	-1.77B	279.99M	381.47M	78M	272.45M	495.76M	365.17M	585.39M	14.01M
Capital Expenditures+	-1.72B	-2.21B	-2.01B	-1.5B	-1.66B	-323.29M	-62.66M	-537.32M	-3.14B	-1.06B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-1.95B	-2.51B	-1.61B	-2.15B	-1.66B	-323.29M	5.91M	-537.32M	-3.14B	-1.06B
Acquisitions	-725.66M	74.98M	460.42M	43.28M	-88.76M	0	-93.01M	-3.49M	-911.45M	0
Purchase of Investments	-528.63M	-505.1M	-248.24M	-127.36M	-133.87M	-23.4M	-15.77M	-935.03K	-54.84M	-6.11M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	44.2K	0	1000K	1000K	1000K
Other Investing	947.21M	118.54M	145.7M	-576M	-1.12B	-254.08M	178.19M	-465.88M	-2.02B	-290.52M
Cash from Financing+	1.37B	535.6M	649.97M	1.29B	-288.04M	-332.5M	-534.53M	-372.16M	2.7B	149.11M
Dividends Paid	-307.53M	-368.96M	-506.4M	-300.72M	-380.42M	-121.43M	-717.97M	-419.74M	-750.37M	-294.3M
Dividend Payout Ratio %	0.28%	0.41%	0.49%	0.21%	0.19%	0.03%	0.14%	0.38%	0.33%	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	2.03B	0
Share Repurchases	0	0	0	0	0	0	0	0	0	-9.28M
Other Financing	0	0	0	0	200.74M	-12.87M	-9.84M	-11.66M	-5.83M	-14.95M
Net Change in Cash+	740.6M	-498.65M	58M	908.33M	993.32M	-110.83M	3.03M	-116.22M	2.96B	-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	2.68B	1.16B
Cash at End	1.48B	982.07M	1.04B	1.95B	2.94B	620.49M	623.52M	507.31M	5.63B	673.69M
Free Cash Flow+	-400.69M	-736.35M	-998.39M	274.31M	1.28B	440.71M	564.97M	218.35M	383.38M	-435.15M
FCF Growth %	0.62%	-0.84%	-0.36%	1.27%	3.67%	-0.66%	0.28%	-0.61%	0.76%	-2.14%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.85%	6.06%	6.78%	8.84%	11.73%	20.63%	23.35%	5.14%	9.97%	11.28%
EBITDA Margin	15.86%	16.05%	15.15%	18.29%	24.04%	28.31%	19.92%	10.28%	23.28%	24.07%
Net Debt / EBITDA	2.65x	3.74x	4.14x	3.56x	2.28x	1.30x	1.79x	4.76x	1.92x	2.46x
Interest Coverage	1.74x	1.16x	1.08x	1.79x	3.08x	6.32x	3.83x	0.58x	2.07x	1.94x
CapEx / Revenue	11.52%	16.89%	14.34%	10.02%	10.48%	1.74%	0.26%	2.62%	14.6%	4.7%
Dividend Payout Ratio	27.72%	41.19%	48.99%	21.37%	19.12%	3.11%	14.5%	37.75%	33.22%	10.47%
Debt / Equity	0.53x	0.59x	0.63x	0.72x	0.66x	0.50x	0.54x	0.60x	0.63x	0.69x
EPS Growth	-6.82%	-19.51%	15.15%	34.21%	50.98%	81.82%	-1.43%	-67.39%	62.22%	6.85%

Frequently Asked Questions

Valuation & Price

Companhia Paranaense de Energia - COPEL (ELP) has a price-to-earnings (P/E) ratio of 3.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

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

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

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

Dividend & Returns

Yes, Companhia Paranaense de Energia - COPEL (ELP) pays a dividend with a yield of 4.26%. This makes it attractive for income-focused investors.

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

Companhia Paranaense de Energia - COPEL (ELP) had negative free cash flow of $3.65B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

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

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