COMPANHIA PARANAENSE DE ENER (ELP)
US20441B6056 - ADR
We assign a fundamental rating of 4 out of 10 to ELP. ELP was compared to 45 industry peers in the Electric Utilities industry. While ELP seems to be doing ok healthwise, there are quite some concerns on its profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on ELP.
1. Profitability
1.1 Basic Checks
ELP had positive earnings in the past year.
ELP had a positive operating cash flow in the past year.
Of the past 5 years ELP 4 years were profitable.
Of the past 5 years ELP 4 years had a positive operating cash flow.
1.2 Ratios
The profitability ratios for ELP are negative, so there is not much use analyzing them.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | N/A | ||
| ROE | N/A | ||
| ROIC | N/A |
ROA(3y)6.86%
ROA(5y)5.94%
ROE(3y)15.86%
ROE(5y)13.58%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 5.07%, ELP is doing worse than 82.22% of the companies in the same industry.
In the last couple of years the Profit Margin of ELP has declined.
The Operating Margin of ELP (14.81%) is worse than 66.67% of its industry peers.
In the last couple of years the Operating Margin of ELP has remained more or less at the same level.
Looking at the Gross Margin, with a value of 22.80%, ELP is doing worse than 75.56% of the companies in the same industry.
In the last couple of years the Gross Margin of ELP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.81% | ||
| PM (TTM) | 5.07% | ||
| GM | 22.8% |
OM growth 3Y-9.73%
OM growth 5Y0.37%
PM growth 3Y-26.05%
PM growth 5Y-7.2%
GM growth 3Y-6.35%
GM growth 5Y-0.98%
2. Health
2.1 Basic Checks
ELP does not have a ROIC to compare to the WACC, probably because it is not profitable.
ELP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
ELP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC12.57%
2.3 Liquidity
ELP has a Current Ratio of 1.30. This is a normal value and indicates that ELP is financially healthy and should not expect problems in meeting its short term obligations.
ELP's Current ratio of 1.30 is fine compared to the rest of the industry. ELP outperforms 73.33% of its industry peers.
A Quick Ratio of 1.28 indicates that ELP should not have too much problems paying its short term obligations.
ELP's Quick ratio of 1.28 is fine compared to the rest of the industry. ELP outperforms 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.28 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 70.44% over the past year.
ELP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.82% yearly.
The Revenue has decreased by -8.57% in the past year.
Measured over the past years, ELP shows a quite strong growth in Revenue. The Revenue has been growing by 9.35% on average per year.
EPS 1Y (TTM)70.44%
EPS 3Y-14.53%
EPS 5Y4.82%
EPS growth Q2Q1.94%
Revenue 1Y (TTM)-8.57%
Revenue growth 3Y11.38%
Revenue growth 5Y9.35%
Revenue growth Q2QN/A
3.2 Future
Based on estimates for the next years, ELP will show a very strong growth in Earnings Per Share. The EPS will grow by 20.61% on average per year.
The Revenue is expected to grow by 7.23% on average over the next years.
EPS Next Y72.17%
EPS Next 2Y24.58%
EPS Next 3Y22.45%
EPS Next 5Y20.61%
Revenue Next Year14.63%
Revenue Next 2Y6.37%
Revenue Next 3Y7.91%
Revenue Next 5Y7.23%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.07, ELP is valued correctly.
Based on the Price/Earnings ratio, ELP is valued a bit cheaper than 80.00% of the companies in the same industry.
ELP is valuated cheaply when we compare the Price/Earnings ratio to 25.20, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.23, the valuation of ELP can be described as correct.
ELP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ELP is cheaper than 68.89% of the companies in the same industry.
ELP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.07 | ||
| Fwd PE | 13.23 |
4.2 Price Multiples
88.89% of the companies in the same industry are more expensive than ELP, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ELP is valued cheaper than 86.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.1 | ||
| EV/EBITDA | 5.89 |
4.3 Compensation for Growth
ELP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ELP's earnings are expected to grow with 22.45% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)2.51
EPS Next 2Y24.58%
EPS Next 3Y22.45%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.11%, ELP is a good candidate for dividend investing.
ELP's Dividend Yield is comparable with the industry average which is at 5.35.
ELP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.11% |
5.2 History
On average, the dividend of ELP grows each year by 33.75%, which is quite nice.
ELP has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)33.75%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ELP pays out 194.94% of its income as dividend. This is not a sustainable payout ratio.
ELP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP194.94%
EPS Next 2Y24.58%
EPS Next 3Y22.45%
COMPANHIA PARANAENSE DE ENER
NYSE:ELP (4/25/2024, 7:04:00 PM)
After market: 7 0 (0%)7
-0.07 (-0.99%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.22B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.11% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.07 | ||
| Fwd PE | 13.23 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.17
PEG (5Y)2.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | N/A | ||
| ROE | N/A | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.81% | ||
| PM (TTM) | 5.07% | ||
| GM | 22.8% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset TurnoverN/A
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.28 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)70.44%
EPS 3Y-14.53%
EPS 5Y
EPS growth Q2Q
EPS Next Y72.17%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-8.57%
Revenue growth 3Y11.38%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y