COMPANHIA PARANAENSE DE ENER (ELP) Stock Fundamental Analysis
NYSE:ELP - US20441B6056 - ADR
9.22 USD
+0.13 (+1.43%)
9.22 USD
0 (0%)
ELP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 47 industry peers in the Electric Utilities industry. Both the profitability and the financial health of ELP get a neutral evaluation. Nothing too spectacular is happening here. ELP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
ELP had positive earnings in the past year.
In the past year ELP had a positive cash flow from operations.
ELP had positive earnings in each of the past 5 years.
Each year in the past 5 years ELP had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ELP (4.89%) is better than 82.98% of its industry peers.
The Return On Equity of ELP (11.21%) is better than 61.70% of its industry peers.
ELP's Return On Invested Capital of 7.38% is amongst the best of the industry. ELP outperforms 89.36% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ELP is in line with the industry average of 5.06%.
The 3 year average ROIC (6.67%) for ELP is below the current ROIC(7.38%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.89% | ||
| ROE | 11.21% | ||
| ROIC | 7.38% |
ROA(3y)3.73%
ROA(5y)5.9%
ROE(3y)8.58%
ROE(5y)13.6%
ROIC(3y)6.67%
ROIC(5y)7.83%
1.3 Margins
ELP has a Profit Margin (12.73%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of ELP has remained more or less at the same level.
ELP's Operating Margin of 19.07% is in line compared to the rest of the industry. ELP outperforms 40.43% of its industry peers.
ELP's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 22.10%, ELP is not doing good in the industry: 70.21% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of ELP has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.07% | ||
| PM (TTM) | 12.73% | ||
| GM | 22.1% |
OM growth 3Y-5.38%
OM growth 5Y-2.28%
PM growth 3Y-15.62%
PM growth 5Y-0.21%
GM growth 3Y2.11%
GM growth 5Y-4.9%
2. Health
2.1 Basic Checks
ELP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for ELP remains at a similar level compared to 1 year ago.
Compared to 5 years ago, ELP has more shares outstanding
Compared to 1 year ago, ELP has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.65, we must say that ELP is in the distress zone and has some risk of bankruptcy.
ELP has a Altman-Z score of 1.65. This is amongst the best in the industry. ELP outperforms 80.85% of its industry peers.
A Debt/Equity ratio of 0.61 indicates that ELP is somewhat dependend on debt financing.
The Debt to Equity ratio of ELP (0.61) is better than 72.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.65 |
ROIC/WACC0.65
WACC11.43%
2.3 Liquidity
A Current Ratio of 1.48 indicates that ELP should not have too much problems paying its short term obligations.
ELP has a Current ratio of 1.48. This is amongst the best in the industry. ELP outperforms 80.85% of its industry peers.
A Quick Ratio of 1.47 indicates that ELP should not have too much problems paying its short term obligations.
The Quick ratio of ELP (1.47) is better than 82.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.94% over the past year.
The Earnings Per Share has been growing slightly by 0.67% on average over the past years.
The Revenue has been growing slightly by 5.46% in the past year.
Measured over the past years, ELP shows a small growth in Revenue. The Revenue has been growing by 7.38% on average per year.
EPS 1Y (TTM)7.94%
EPS 3Y-22.84%
EPS 5Y0.67%
EPS Q2Q%25%
Revenue 1Y (TTM)5.46%
Revenue growth 3Y-1.89%
Revenue growth 5Y7.38%
Sales Q2Q%13.61%
3.2 Future
ELP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.42% yearly.
The Revenue is expected to grow by 3.80% on average over the next years.
EPS Next Y-2.17%
EPS Next 2Y14.56%
EPS Next 3Y12.42%
EPS Next 5YN/A
Revenue Next Year0.59%
Revenue Next 2Y3.54%
Revenue Next 3Y5.7%
Revenue Next 5Y3.8%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 14.41, which indicates a correct valuation of ELP.
ELP's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.03, ELP is valued a bit cheaper.
With a Price/Forward Earnings ratio of 12.03, ELP is valued correctly.
Based on the Price/Forward Earnings ratio, ELP is valued a bit cheaper than 68.09% of the companies in the same industry.
ELP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.54, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.41 | ||
| Fwd PE | 12.03 |
4.2 Price Multiples
ELP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ELP is cheaper than 63.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.5 |
4.3 Compensation for Growth
The decent profitability rating of ELP may justify a higher PE ratio.
A more expensive valuation may be justified as ELP's earnings are expected to grow with 12.42% in the coming years.
PEG (NY)N/A
PEG (5Y)21.45
EPS Next 2Y14.56%
EPS Next 3Y12.42%
5. Dividend
5.1 Amount
ELP has a Yearly Dividend Yield of 4.78%, which is a nice return.
ELP's Dividend Yield is a higher than the industry average which is at 4.09.
Compared to an average S&P500 Dividend Yield of 2.45, ELP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
5.2 History
The dividend of ELP is nicely growing with an annual growth rate of 30.79%!
ELP has been paying a dividend for at least 10 years, so it has a reliable track record.
ELP has decreased its dividend recently.
Dividend Growth(5Y)30.79%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
53.89% of the earnings are spent on dividend by ELP. This is a bit on the high side, but may be sustainable.
The dividend of ELP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP53.89%
EPS Next 2Y14.56%
EPS Next 3Y12.42%
9.22
+0.13 (+1.43%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners34.84%
Inst Owner Change0.12%
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap6.84B
Analysts84
Price Target9.23 (0.11%)
Short Float %0.28%
Short Ratio2.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
Yearly Dividend0.39
Dividend Growth(5Y)30.79%
DP53.89%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.24%
Min EPS beat(2)-39.52%
Max EPS beat(2)54%
EPS beat(4)1
Avg EPS beat(4)-5.11%
Min EPS beat(4)-39.52%
Max EPS beat(4)54%
EPS beat(8)2
Avg EPS beat(8)2.05%
EPS beat(12)4
Avg EPS beat(12)-13.43%
EPS beat(16)6
Avg EPS beat(16)20.81%
Revenue beat(2)2
Avg Revenue beat(2)15.07%
Min Revenue beat(2)8.25%
Max Revenue beat(2)21.89%
Revenue beat(4)4
Avg Revenue beat(4)12.2%
Min Revenue beat(4)3.75%
Max Revenue beat(4)21.89%
Revenue beat(8)8
Avg Revenue beat(8)10.23%
Revenue beat(12)12
Avg Revenue beat(12)14.36%
Revenue beat(16)16
Avg Revenue beat(16)20.22%
PT rev (1m)1.3%
PT rev (3m)-0.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.72%
EPS NY rev (1m)-0.82%
EPS NY rev (3m)-0.82%
Revenue NQ rev (1m)4.54%
Revenue NQ rev (3m)1.24%
Revenue NY rev (1m)-1.47%
Revenue NY rev (3m)-3.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.41 | ||
| Fwd PE | 12.03 | ||
| P/S | 1.6 | ||
| P/FCF | N/A | ||
| P/OCF | 10.28 | ||
| P/B | 1.41 | ||
| P/tB | 3.86 | ||
| EV/EBITDA | 9.5 |
EPS(TTM)0.64
EY6.94%
EPS(NY)0.77
Fwd EY8.31%
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)0.9
OCFY9.72%
SpS5.75
BVpS6.53
TBVpS2.39
PEG (NY)N/A
PEG (5Y)21.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.89% | ||
| ROE | 11.21% | ||
| ROCE | 8.93% | ||
| ROIC | 7.38% | ||
| ROICexc | 7.38% | ||
| ROICexgc | 11.14% | ||
| OM | 19.07% | ||
| PM (TTM) | 12.73% | ||
| GM | 22.1% | ||
| FCFM | N/A |
ROA(3y)3.73%
ROA(5y)5.9%
ROE(3y)8.58%
ROE(5y)13.6%
ROIC(3y)6.67%
ROIC(5y)7.83%
ROICexc(3y)6.82%
ROICexc(5y)8.31%
ROICexgc(3y)9.6%
ROICexgc(5y)11.21%
ROCE(3y)8.07%
ROCE(5y)9.48%
ROICexcg growth 3Y-9.19%
ROICexcg growth 5Y-0.49%
ROICexc growth 3Y-13.78%
ROICexc growth 5Y-4.32%
OM growth 3Y-5.38%
OM growth 5Y-2.28%
PM growth 3Y-15.62%
PM growth 5Y-0.21%
GM growth 3Y2.11%
GM growth 5Y-4.9%
F-Score5
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.74 | ||
| Cap/Depr | 289.83% | ||
| Cap/Sales | 18.23% | ||
| Interest Coverage | 2.78 | ||
| Cash Conversion | 61.52% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 1.65 |
F-Score5
WACC11.43%
ROIC/WACC0.65
Cap/Depr(3y)126.17%
Cap/Depr(5y)86.72%
Cap/Sales(3y)8.03%
Cap/Sales(5y)5.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.94%
EPS 3Y-22.84%
EPS 5Y0.67%
EPS Q2Q%25%
EPS Next Y-2.17%
EPS Next 2Y14.56%
EPS Next 3Y12.42%
EPS Next 5YN/A
Revenue 1Y (TTM)5.46%
Revenue growth 3Y-1.89%
Revenue growth 5Y7.38%
Sales Q2Q%13.61%
Revenue Next Year0.59%
Revenue Next 2Y3.54%
Revenue Next 3Y5.7%
Revenue Next 5Y3.8%
EBIT growth 1Y9.99%
EBIT growth 3Y-7.17%
EBIT growth 5Y4.93%
EBIT Next Year60.55%
EBIT Next 3Y22.1%
EBIT Next 5Y14.23%
FCF growth 1Y-129.21%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y24.77%
OCF growth 3Y0.07%
OCF growth 5Y2.88%