Companhia Paranaense Valuation Analysis
| ELPC Stock | 12.30 -0.45 -3.53% |
Below Model Estimate
Today
The intrinsic value estimate for Companhia Paranaense is based on a 3 months horizon. Lack of a positive P/E ratio suggests inconsistent earnings, which introduces uncertainty into valuation. Extending the time horizon generally improves valuation stability.
For Companhia Paranaense, DCF-based intrinsic value and relative multiples each answer a different valuation question. An intrinsic value estimate based on Companhia Paranaense's projected cash flows is cross-checked against peer multiples.
Main Profitability Drivers
Companhia Paranaense's net margin stands at 11.00%, with operating margin at 18.00%. Below the operating line, items like interest and taxes compress Companhia Paranaense's margin by about 7.00 percentage points. Companhia Paranaense's revenue base of R$ 22.65 billion yielded R$ 5.03 billion in gross profit at a 22.2% gross margin, while net income came in at R$ 429.99 million. The company produces 7.42% on shareholders' equity and 3.82% on total assets, framing Companhia Paranaense's capital efficiency picture. The profitability landscape for Companhia Paranaense is neither uniformly strong nor uniformly weak, suggesting a transitional period. For a deeper look, explore Companhia Paranaense's profitability breakdown.
Price Book 2.02 | Gross Profit | Price Sales 0.35 | Profit Margin | Enterprise Value Revenue 2.45 |
Companhia Paranaense Cash | R$5.03 billion |
Cash stood at R$ 4.79 billion as of December 31, 2025.
Companhia Paranaense operates as a regulated utility generating revenue through infrastructure usage, energy distribution, and rate-based returns. Positioned as a diversified stock within Electric Utilities, it shows a balanced mix of valuation characteristics in its current profile. The analysis below connects enterprise value. profitability, and capital structure to explain what the market is pricing today.
Total Value Analysis
Companhia Paranaense de currently shows enterprise value of 12.89 billion, market capitalization of 9.47 billion, debt of 17.57 billion, and cash and equivalents of n/a as of latest reporting. This capital-structure snapshot is most informative when tested against operating margins, cash generation, and debt servicing capacity.| Takeover Price | Market Cap | Debt Obligations | Cash & Equivalents |
12.89 billion | 9.47 billion | 17.57 billion |
Investor Information
The book value of ELPC was currently reported as 1.57. ELPC had its last dividend issued on the 1st of May 2026. Liquidity coverage and operating returns support Companhia Paranaense de maintaining moderate financial flexibility with thin profitability. Profitability is present at the asset level, though below historical sector peaks.| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Total Cash From Operating Activities | R$ 1.24 billion | R$ 723.91 million |
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| Operating Income | R$ 4.35 billion | R$ 4.14 billion |
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Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Companhia Paranaense has an asset utilization ratio of 39.47 percent. This indicates that the Company is making USD0.39 for each dollar of assets. An increasing asset utilization means that Companhia Paranaense de is more efficient with each dollar of assets it utilizes for everyday operations.Macro event markers
Discounted Cash Flow Analysis
Using the current custom levered DCF inputs, Companhia Paranaense is worth about -14.24 per share while the market is pricing it near 12.30. That leaves the shares trading about 215.8% above this model output. Current assumptions include 9.25% WACC, 2.0% perpetual growth, and about 55.99 Million of next-period free cash flow. Discounted forecast cash flows sum to about 352.79 Million before the terminal component, and present terminal value still represents roughly 58.4% of enterprise value. When the model-to-market spread exceeds 100%, the divergence usually reflects fundamentally different views on margin recovery, capital allocation, or risk rather than a simple mispricing.Model Value / Share
-14.24
Equity value per share from the current custom levered DCF summary row.
Market Price
12.30
Current market price used by the same scenario.
Model Premium
215.8%
Market price sits above the model output.
WACC / LT Growth
9.25% / 2.0%
Forecast horizon: 2021 to 2030Terminal value share of EV: 58.4%
Companhia Market Price vs. Intrinsic Value
This chart compares observed market pricing with the model-derived equity value per share across forecast periods. It also illustrates the relative premium or discount, expressed as a percentage difference between market valuation and modeled intrinsic value.
Projected Revenue and Levered Free Cash Flow
Revenue and levered free cash flow projections are presented in billions, outlining the expected financial trajectory over the modeled horizon.
Key Model Assumptions
The inputs below reflect the core assumptions applied in the valuation model, including growth expectations, discount rates, and capital structure considerations.
| Input | Current Value |
|---|---|
| Weighted Average Cost of Capital | 9.25% |
| Long-Term Growth Rate | 2.0% |
| Cost of Equity | 4.98% |
| After-Tax Cost of Debt | 10.23% |
| Debt Weighting | 64.39% |
| Equity Weighting | 35.61% |
| Net Debt | 3.49 billion |
| Enterprise Value | 848.63 million |
| Present Terminal Value | 495.84 million |
| Terminal Value Share of EV | 58.4% |
Forecast Detail and Valuation Progression
This table presents the underlying forecast data used in the valuation, including revenue, cash flow generation, discounting effects, and the resulting per-share value across each projected period.
| Year | Revenue | Revenue Growth | Free Cash Flow | PV of LFCF | Equity Value / Share |
|---|---|---|---|---|---|
| 2021 | -2.71 billion | 0.00% | 114.84 million | 0 | -14.3 |
| 2022 | 4.17 billion | -254.10% | 138.57 million | 0 | -14.3 |
| 2023 | 4.37 billion | 4.60% | 134.85 million | 0 | -14.21 |
| 2024 | 4.6 billion | 5.45% | 122.76 million | 0 | -14.26 |
| 2025 | 5.2 billion | 13.04% | 571.18 million | 0 | -14.13 |
| 2026 | 4.2 billion | -19.23% | 128.97 million | 118.04 million | -14.24 |
| 2027 | 3.4 billion | -19.23% | 104.17 million | 87.27 million | -14.24 |
| 2028 | 2.74 billion | -19.23% | 84.14 million | 64.52 million | -14.24 |
| 2029 | 2.22 billion | -19.23% | 67.96 million | 47.7 million | -14.24 |
| 2030 | 1.79 billion | -19.23% | 54.89 million | 35.26 million | -14.24 |
Profitability Analysis
Examining Companhia Paranaense's profitability and operating efficiency indicators, Companhia Paranaense de is profitable with a net margin of 11.0% and operating margin of 18.0%, reporting net income of 429.99 million. Return on equity stands at 7.42%. Profitability trends are stable, with recent metrics holding near prior-year levels.Net Income | First Reported 1999-03-31 | Previous Quarter 1.08 billion | Current Value 1.08 billion | Quarterly Volatility 340.57 million |
Macro event markers
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 20.00% | 21.26% |
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| Return On Assets | 3.82% | 4.36% |
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| Return On Equity | 7.42% | 11.40% |
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Companhia Paranaense profitability is assessed through margins, return on equity, and asset efficiency. Net margin of 11.0% is adequate, though not at levels that typically signal strong pricing power. The data below separates structural profitability from one-time items and cyclical effects. Companhia Paranaense reports return on equity of 7.42%, positive but not at levels that signal strong capital efficiency.
Earnings per Share Projection vs Actual
EPS projections for Companhia Paranaense aggregate analyst models into a benchmark against which actual results are measured. Return on equity of 10.79% provides context for how efficiently Companhia Paranaense generates earnings from shareholder capital. The EPS consensus for Companhia Paranaense de reflects normalized analyst expectations. Comparing this estimate against the current net margin profile (11.0%), guidance revisions, and prior forecast error reveals whether the market is pricing in improvement, stability, or deterioration. Companhia Paranaense reported estimated earnings of 0.00875 in earnings per share on 31st of December 2026. Comparing this projection against historical actuals shows whether the consensus is trending toward or away from the company's recent earnings trajectory.Macro event markers
Ownership Allocation
Ownership of Companhia Paranaense is predominantly retail, with approximately 97.23% held outside institutional accounts and 2.77% held by institutions.Revenue and Profit Overview
ELPC reported previous year's revenue of R$ 22.65 billion. Net Income was R$ 429.99 million with profit before overhead, payroll, taxes, and interest of R$ 5.03 billion.Dividend Payment History
the company dividend behavior can provide additional context when investors evaluate valuation and capital return policy. Investors often compare dividend payments with profitability and free cash flow trends. Income-focused investors may want to learn more about the company dividends.
| 29th of January 2026 | ||
| 27th of May 2025 | ||
| 28th of April 2025 | ||
| 2nd of January 2025 | ||
| 9th of December 2024 | ||
| 8th of July 2024 |
What the Data Shows
Margins of 11.0% are adequate but not exceptional - competitive dynamics or cost shifts in either direction could move the profitability picture meaningfully. Margins at this level are characteristic of the sector and consistent with the operating model. Companhia Paranaense earns 7.42% on equity - positive but moderate, indicating productive capital deployment without the kind of returns that signal strong competitive advantages. Companhia Paranaense behaves differently from pure growth names - its income characteristics and stable margin profile historically reduce portfolio-level volatility.
Combined Signal Overview
The financial profile frames Companhia Paranaense de as a moderately profitable business where earnings are shaped by operating scale and the underlying cost structure and defensive income characteristics in the Electric Utilities sector. Profitability is positive and capital returns adequate - the business generates reasonable value from its asset base under current conditions. The disconnect between healthy margins and below-average return on equity points to an overcapitalized balance sheet or recent investment that has not yet converted into proportional shareholder returns. At current levels, Companhia Paranaense's valuation reflects an earnings profile that has not yet stabilized. For the market to reprice this business more constructively, rate-base growth, regulatory outcomes, and yield sustainability would need to demonstrate sustained improvement.
The analysis above provides a structured baseline for Companhia Paranaense de that becomes more informative as new data arrives. Given the current mix of multiples, margins, and leverage, the valuation picture is most useful when tracked over time rather than read as a static conclusion.
Valuation Framework, Methodology & Assumptions
Companhia Paranaense is a mid-cap equity in Electric Utilities, Utilities - Regulated Electric, Utilities categories. Growth expectations are weighed against macro conditions. Higher beta characteristics could amplify reactions to changes in economic conditions. Valuation context for Companhia Paranaense is currently framed by P/S of 0.35, enterprise value (TTM) of 12.89 billion, P/B of 2.02.
Companhia Paranaense de values are built from periodic company reporting and market reference feeds, with reporting definitions aligned before display. Valuation outputs are model-derived and depend on published assumptions and reference inputs.
The analysis above is generated by quantitative models and is provided for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an endorsement to buy or sell any security. All investing involves risk, including the possible loss of principal. Consult a qualified financial advisor before making investment decisions. See our Terms of Use for full details.
Financial data referenced in this analysis is derived from publicly available SEC filings, audited financial statements, and third-party market data providers. The intrinsic value estimate is generated by Macroaxis quantitative models that incorporate fundamental analysis, technical indicators, and risk metrics.
The methodology combines multiple analytical inputs:
- Fundamental analysis - financial statements, profitability ratios, debt structure, and cash flow metrics sourced from SEC filings and public financial reports
- Technical indicators - historical price patterns, momentum signals, and volatility measures
- Risk assessment - probability of bankruptcy models, market risk metrics, and downside scenario analysis
- Peer comparison - relative valuation against industry peers using standardized multiples
Model outputs are refreshed periodically as new financial data becomes available. Past model performance is not indicative of future results. The intrinsic value estimate reflects a point-in-time calculation and should be considered alongside other research and professional advice.
Data sourced from SEC filings (EDGAR), public financial statements, and market data providers.
Editorial review and methodology oversight provided by: Ellen Johnson, Member of Macroaxis Editorial Board
Growth Indicators
A growth thesis around Companhia Paranaense de warrants careful testing because strong valuation often embeds the assumption that the business can keep compounding faster than peers. This framework is applicable when the question is whether the company can grow efficiently rather than simply grow quickly.
| Common Stock Shares Outstanding | 186.42 million | |
| Quarterly Earnings Growth Y O Y | 88.30% | |
| Forward Price Earnings | 13.6426 |
Companhia Paranaense Current Valuation Indicators
The intrinsic value of Companhia Paranaense de is estimated using multiple approaches, including discounted cash flow analysis, relative valuation multiples, and balance sheet-based methods, each reflecting different assumptions about earnings durability, capital structure, and future cash generation. The key question is comparative: what does the market charge per dollar of revenue, profit, and assets, and is that justified? Reported values are derived from company filings, audited financial statements, and market data, and are standardized within Macroaxis quantitative models for consistency. Model outputs reflect a point-in-time estimate based on available data and assumptions and should be interpreted alongside changes in operating performance, market conditions, and forward expectations.
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