Companhia Paranaense de Energia - COPEL (ELP) Financial Ratios
27 years of historical data (1998–2024) · Utilities · Diversified Utilities
EV/EBITDA
↑
2.46
↓-30% vs avg
5yr avg: 3.51
30Y Low2.1·High30.1
P/FCF
↑
N/A
—
5yr avg: 12.19
30Y Low3.7·High33.5
P/B Ratio
↓
0.27
↑+42% vs avg
5yr avg: 0.19
30Y Low0.1·High0.7
ROE
↓
11.3%
-20% vs avg
5yr avg: 14.1%
30Y Low-7%·High23%
Debt/EBITDA
↑
3.22
↓-4% vs avg
5yr avg: 3.35
30Y Low0.9·High11.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ELP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Companhia Paranaense de Energia - COPEL trades at 3.0x earnings, 49% above its 5-year average of 2.0x, sitting at the 35th percentile of its historical range. Compared to the Utilities sector median P/E of 19.7x, the stock trades at a discount of 85%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7M | $4.4B | $6.0B | $4.0B | $3.2B | $4.0B | $4.7B | $2.2B | $2.1B | $2.4B | $1.6B |
| Enterprise Value | $13.4B | $17.8B | $15.6B | $14.1B | $11.7B | $10.9B | $13.4B | $11.9B | $10.9B | $10.2B | $7.9B |
| P/E Ratio → | 2.97 | 1.90 | 2.90 | 3.27 | 0.84 | 1.04 | 2.25 | 1.57 | 2.05 | 2.63 | 1.46 |
| P/S Ratio | 0.00 | 0.20 | 0.28 | 0.20 | 0.13 | 0.21 | 0.30 | 0.15 | 0.15 | 0.18 | 0.11 |
| P/B Ratio | 0.27 | 0.17 | 0.25 | 0.19 | 0.14 | 0.20 | 0.27 | 0.13 | 0.14 | 0.16 | 0.11 |
| P/FCF | — | — | 15.65 | 18.45 | 5.58 | 9.08 | 3.71 | 8.01 | — | — | — |
| P/OCF | 0.06 | 7.02 | 1.71 | 5.33 | 5.03 | 5.24 | 1.61 | 1.24 | 2.11 | 1.61 | 1.24 |
P/E links to full P/E history page with 30-year chart
ELP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Companhia Paranaense de Energia - COPEL's enterprise value stands at 2.5x EBITDA, 30% below its 5-year average of 3.5x. The Utilities sector median is 11.5x, placing the stock at a 79% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.79 | 0.73 | 0.69 | 0.49 | 0.58 | 0.85 | 0.80 | 0.78 | 0.78 | 0.53 |
| EV / EBITDA | 2.46 | 3.27 | 3.12 | 6.67 | 2.45 | 2.06 | 3.52 | 4.37 | 5.14 | 4.87 | 3.34 |
| EV / EBIT | 17.09 | 4.71 | 4.61 | 5.70 | 2.31 | 2.68 | 4.21 | 5.28 | 5.36 | 5.61 | 4.03 |
| EV / FCF | — | — | 40.69 | 64.48 | 20.74 | 24.65 | 10.49 | 43.49 | — | — | — |
ELP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Companhia Paranaense de Energia - COPEL earns an operating margin of 17.9%, roughly in line with the Utilities sector average. Operating margins have expanded from 4.6% to 17.9% over the past 3 years, signaling improving operational efficiency. ROE of 11.3% is modest. ROIC of 8.4% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.0% | 18.0% | 18.8% | 19.2% | 20.3% | 28.4% | 24.2% | 19.4% | 21.1% | 18.7% | 17.0% |
| Operating Margin | 17.9% | 17.9% | 17.2% | 4.6% | 15.6% | 23.2% | 18.3% | 13.3% | 9.9% | 10.6% | 11.3% |
| Net Profit Margin | 12.4% | 12.4% | 10.5% | 5.4% | 20.6% | 21.0% | 12.5% | 9.4% | 7.4% | 6.8% | 7.4% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 11.3% | 10.0% | 5.1% | 23.3% | 20.6% | 11.7% | 8.8% | 6.8% | 6.1% | 7.9% |
| ROA | 5.0% | 5.0% | 4.3% | 2.2% | 10.3% | 9.2% | 5.4% | 4.1% | 3.3% | 3.0% | 4.1% |
| ROIC | 8.4% | 8.4% | 8.5% | 2.3% | 9.7% | 12.1% | 8.3% | 5.9% | 4.4% | 4.8% | 6.4% |
| ROCE | 8.7% | 8.7% | 8.3% | 2.2% | 9.5% | 12.3% | 9.3% | 7.0% | 5.4% | 5.7% | 7.4% |
ELP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Companhia Paranaense de Energia - COPEL carries a Debt/EBITDA ratio of 3.2x, which is moderately leveraged (35% below the sector average of 5.0x). Net debt stands at $13.4B ($17.6B total debt minus $4.2B cash). Interest coverage of just 1.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.69 | 0.69 | 0.63 | 0.60 | 0.54 | 0.50 | 0.66 | 0.72 | 0.63 | 0.59 | 0.53 |
| Debt / EBITDA | 3.22 | 3.22 | 3.05 | 6.03 | 2.52 | 1.91 | 3.05 | 4.28 | 4.63 | 4.20 | 3.27 |
| Net Debt / Equity | — | 0.52 | 0.40 | 0.48 | 0.39 | 0.34 | 0.49 | 0.60 | 0.57 | 0.52 | 0.43 |
| Net Debt / EBITDA | 2.46 | 2.46 | 1.92 | 4.76 | 1.79 | 1.30 | 2.28 | 3.56 | 4.14 | 3.74 | 2.65 |
| Debt / FCF | — | — | 25.04 | 46.03 | 15.16 | 15.57 | 6.78 | 35.49 | — | — | — |
| Interest Coverage | 1.94 | 1.94 | 2.07 | 0.58 | 3.83 | 6.32 | 3.08 | 1.79 | 1.08 | 1.16 | 1.74 |
ELP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.26x means Companhia Paranaense de Energia - COPEL can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.26 | 1.26 | 1.47 | 1.30 | 1.40 | 1.18 | 1.48 | 1.00 | 0.93 | 0.75 | 1.45 |
| Quick Ratio | 1.25 | 1.25 | 1.45 | 1.28 | 1.38 | 1.16 | 1.46 | 0.98 | 0.92 | 0.73 | 1.42 |
| Cash Ratio | 0.40 | 0.40 | 0.61 | 0.37 | 0.49 | 0.33 | 0.55 | 0.31 | 0.17 | 0.20 | 0.39 |
| Asset Turnover | — | 0.39 | 0.38 | 0.41 | 0.48 | 0.40 | 0.41 | 0.42 | 0.42 | 0.43 | 0.52 |
| Inventory Turnover | 136.28 | 136.28 | 99.76 | 85.20 | 96.67 | 81.99 | 92.27 | 103.47 | 100.10 | 81.58 | 94.67 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ELP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Companhia Paranaense de Energia - COPEL returns 100.0% to shareholders annually — split between a 4.3% dividend yield and 100.0% buyback yield. The payout ratio of 10.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 33.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.3% | 6.7% | 12.5% | 10.4% | 22.8% | 3.0% | 8.0% | 13.7% | 23.7% | 15.5% | 18.7% |
| Payout Ratio | 10.5% | 10.5% | 33.2% | 37.7% | 14.5% | 3.1% | 19.1% | 21.4% | 49.0% | 41.2% | 27.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 33.7% | 52.6% | 34.4% | 30.6% | 119.7% | 95.7% | 44.4% | 63.6% | 48.7% | 38.0% | 68.3% |
| FCF Yield | — | — | 6.4% | 5.4% | 17.9% | 11.0% | 27.0% | 12.5% | — | — | — |
| Buyback Yield | 100.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 100.0% | 6.9% | 12.5% | 10.4% | 22.8% | 3.0% | 8.0% | 13.7% | 23.7% | 15.5% | 18.7% |
| Shares Outstanding | — | $746M | $708M | $684M | $684M | $684M | $684M | $684M | $684M | $684M | $684M |
Peer Comparison
Compare ELP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ELPYou | $7M | 3.0 | 2.5 | — | 18.0% | 17.9% | 11.3% | 8.4% | 3.2 |
 CIG | $5B | 4.9 | 3.8 | 7.4 | 19.7% | 18.8% | 27.4% | 15.7% | 1.4 |
 SBS | $23B | 13.6 | 10.6 | — | 36.6% | 32.2% | 20.9% | 13.1% | 2.8 |
 ERJ | $12B | 34.1 | 14.3 | 29.6 | 18.0% | 10.4% | 11.0% | 11.4% | 2.9 |
 NEE | $199B | 29.0 | 19.0 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 AES | $10B | 11.4 | 11.2 | — | 18.1% | 16.1% | 9.7% | 3.9% | 8.8 |
 EDN | $530M | 5.1 | 6.0 | — | 19.3% | 2.1% | 19.9% | 1.9% | 2.4 |
 PAM | $4B | 7.4 | 7.5 | — | 31.8% | 23.5% | 21.7% | 7.9% | 2.7 |
 TGS | $2B | 13.5 | 3.6 | 11.3 | 53.6% | 43.3% | 18.3% | 19.3% | 1.5 |
 GE | $320B | 37.5 | 32.8 | 44.0 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
 ETN | $163B | 40.3 | 29.1 | 36.6 | 37.6% | 19.1% | 21.5% | 13.6% | 1.9 |
| Utilities Median | — | 19.7 | 11.5 | 15.4 | 40.7% | 19.8% | 9.4% | 4.9% | 5.0 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonELP — Frequently Asked Questions
Quick answers to the most common questions about buying ELP stock.
What is Companhia Paranaense de Energia - COPEL's P/E ratio?
Companhia Paranaense de Energia - COPEL's current P/E ratio is 3.0x. The historical average is 3.9x. This places it at the 35th percentile of its historical range.
What is Companhia Paranaense de Energia - COPEL's EV/EBITDA?
Companhia Paranaense de Energia - COPEL's current EV/EBITDA is 2.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.5x.
What is Companhia Paranaense de Energia - COPEL's ROE?
Companhia Paranaense de Energia - COPEL's return on equity (ROE) is 11.3%. The historical average is 9.5%.
Is ELP stock overvalued?
Based on historical data, Companhia Paranaense de Energia - COPEL is trading at a P/E of 3.0x. This is at the 35th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Companhia Paranaense de Energia - COPEL's dividend yield?
Companhia Paranaense de Energia - COPEL's current dividend yield is 4.26% with a payout ratio of 10.5%.
What are Companhia Paranaense de Energia - COPEL's profit margins?
Companhia Paranaense de Energia - COPEL has 18.0% gross margin and 17.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Companhia Paranaense de Energia - COPEL have?
Companhia Paranaense de Energia - COPEL's Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.