COMPANHIA PARANAENSE DE ENER (ELP) Stock Fundamental Analysis
NYSE:ELP - New York Stock Exchange, Inc. - US20441B6056 - ADR - Currency: USD
ELP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 46 industry peers in the Electric Utilities industry. ELP has only an average score on both its financial health and profitability. ELP has a decent growth rate and is not valued too expensively. ELP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ELP was profitable.
In the past year ELP had a positive cash flow from operations.
In the past 5 years ELP has always been profitable.
In the past 5 years ELP always reported a positive cash flow from operatings.
1.2 Ratios
ELP's Return On Assets of 4.89% is amongst the best of the industry. ELP outperforms 80.43% of its industry peers.
With a decent Return On Equity value of 11.21%, ELP is doing good in the industry, outperforming 67.39% of the companies in the same industry.
With an excellent Return On Invested Capital value of 7.38%, ELP belongs to the best of the industry, outperforming 84.78% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ELP is significantly below the industry average of 39.32%.
The last Return On Invested Capital (7.38%) for ELP is above the 3 year average (6.67%), which is a sign of increasing profitability.
| 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
The Profit Margin of ELP (12.73%) 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 41.30% of its industry peers.
In the last couple of years the Operating Margin of ELP has declined.
Looking at the Gross Margin, with a value of 22.10%, ELP is doing worse than 71.74% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ELP is destroying value.
ELP has about the same amout of shares outstanding than it did 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
ELP has an Altman-Z score of 1.66. This is a bad value and indicates that ELP is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ELP (1.66) is better than 80.43% of its industry peers.
A Debt/Equity ratio of 0.61 indicates that ELP is somewhat dependend on debt financing.
ELP's Debt to Equity ratio of 0.61 is fine compared to the rest of the industry. ELP outperforms 73.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.66 |
ROIC/WACC0.47
WACC15.78%
2.3 Liquidity
A Current Ratio of 1.48 indicates that ELP should not have too much problems paying its short term obligations.
The Current ratio of ELP (1.48) is better than 78.26% of its industry peers.
ELP has a Quick Ratio of 1.47. 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 Quick ratio of 1.47 is amongst the best of the industry. ELP outperforms 80.43% 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 grown by an nice 8.36% over the past year.
Measured over the past 5 years, ELP shows a small growth in Earnings Per Share. The EPS has been growing by 0.67% on average per year.
Looking at the last year, ELP shows a small growth in Revenue. The Revenue has grown by 5.46% in the last year.
The Revenue has been growing slightly by 7.38% on average over the past years.
EPS 1Y (TTM)8.36%
EPS 3Y-22.84%
EPS 5Y0.67%
EPS Q2Q%21.05%
Revenue 1Y (TTM)5.46%
Revenue growth 3Y-1.89%
Revenue growth 5Y7.38%
Sales Q2Q%8.77%
3.2 Future
The Earnings Per Share is expected to grow by 12.43% on average over the next years. This is quite good.
ELP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.96% yearly.
EPS Next Y-1.36%
EPS Next 2Y14.86%
EPS Next 3Y12.43%
EPS Next 5YN/A
Revenue Next Year4.67%
Revenue Next 2Y5.11%
Revenue Next 3Y6.97%
Revenue Next 5Y9.96%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.07, ELP is valued correctly.
The rest of the industry has a similar Price/Earnings ratio as ELP.
Compared to an average S&P500 Price/Earnings ratio of 26.52, ELP is valued a bit cheaper.
The Price/Forward Earnings ratio is 11.99, which indicates a very decent valuation of ELP.
ELP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ELP is cheaper than 71.74% of the companies in the same industry.
ELP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.25.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.07 | ||
| Fwd PE | 11.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ELP is valued a bit cheaper than 63.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.61 |
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 12.43% in the coming years.
PEG (NY)N/A
PEG (5Y)22.44
EPS Next 2Y14.86%
EPS Next 3Y12.43%
5. Dividend
5.1 Amount
ELP has a Yearly Dividend Yield of 4.64%, which is a nice return.
Compared to an average industry Dividend Yield of 3.47, ELP pays a better dividend. On top of this ELP pays more dividend than 86.96% of the companies listed in the same industry.
ELP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
5.2 History
The dividend of ELP is nicely growing with an annual growth rate of 30.79%!
ELP has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of ELP decreased 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 2Y14.86%
EPS Next 3Y12.43%
8.89
-0.01 (-0.11%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners39.01%
Inst Owner Change0.91%
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap6.60B
Analysts84
Price Target9.28 (4.39%)
Short Float %0.15%
Short Ratio1.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
Yearly Dividend0.38
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)3.48%
PT rev (3m)20.7%
EPS NQ rev (1m)-1.54%
EPS NQ rev (3m)-10.53%
EPS NY rev (1m)8.71%
EPS NY rev (3m)0.43%
Revenue NQ rev (1m)2.99%
Revenue NQ rev (3m)3.45%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-3.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.07 | ||
| Fwd PE | 11.99 | ||
| P/S | 1.61 | ||
| P/FCF | N/A | ||
| P/OCF | 10.3 | ||
| P/B | 1.41 | ||
| P/tB | 3.87 | ||
| EV/EBITDA | 9.61 |
EPS(TTM)0.59
EY6.64%
EPS(NY)0.74
Fwd EY8.34%
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)0.86
OCFY9.71%
SpS5.53
BVpS6.28
TBVpS2.3
PEG (NY)N/A
PEG (5Y)22.44
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 | 1.66 |
F-Score5
WACC15.78%
ROIC/WACC0.47
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)8.36%
EPS 3Y-22.84%
EPS 5Y0.67%
EPS Q2Q%21.05%
EPS Next Y-1.36%
EPS Next 2Y14.86%
EPS Next 3Y12.43%
EPS Next 5YN/A
Revenue 1Y (TTM)5.46%
Revenue growth 3Y-1.89%
Revenue growth 5Y7.38%
Sales Q2Q%8.77%
Revenue Next Year4.67%
Revenue Next 2Y5.11%
Revenue Next 3Y6.97%
Revenue Next 5Y9.96%
EBIT growth 1Y9.99%
EBIT growth 3Y-7.17%
EBIT growth 5Y4.93%
EBIT Next Year60.55%
EBIT Next 3Y22.1%
EBIT Next 5Y14.1%
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%