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Companhia Paranaense de Energia Sponsored ADR (ELPC)
NYSE:ELPC
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Companhia Paranaense de Energia Sponsored ADR
(NYSE:ELPC)
Rating:71Outperform
Price Target:
$9.00
▲(7.66% Upside)
Companhia Paranaense de Energia Sponsored ADR (ELPC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.48B
Dividend Yield6.48%
Average Volume (3M)4.21K
Price to Earnings (P/E)11.2
Beta (1Y)0.21
Revenue Growth-5.28%
EPS Growth14.50%
CountryUS
Employees4,396
SectorGeneral
Sector StrengthN/A
IndustryDiversified Utilities
Share Statistics
EPS (TTM)0.14
Shares Outstanding325,086,820
10 Day Avg. Volume1,911
30 Day Avg. Volume4,212
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.46
Enterprise Value/Revenue0.40
Enterprise Value/Gross Profit2.14
Enterprise Value/Ebitda1.73
Forecast
1Y Price Target
$9.00Price Target Upside7.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Companhia Paranaense de Energia Sponsored ADR Business Overview & Revenue Model
Company DescriptionCompanhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services segments. It is also involved in the piped natural gas distribution. The company operates hydroelectric, wind, and thermoelectric plants; and owns and operates transmission and distribution lines. It holds concessions to distribute electricity in municipalities in the State of Paraná and in the municipality of Porto União in the State of Santa Catarina. Companhia Paranaense de Energia COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.
How the Company Makes MoneyCOPEL generates revenue through multiple streams primarily centered around its core operations in the energy sector. The company earns income from the generation and sale of electricity to both residential and industrial customers. This includes revenue from long-term power purchase agreements and spot market sales. Additionally, COPEL benefits from its transmission and distribution networks, charging fees for the use of its infrastructure by other electricity providers. The company's earnings are further supported by its involvement in energy trading activities. Strategic partnerships and investments in renewable energy projects also play a role in enhancing COPEL's revenue, aligning with global trends towards cleaner energy sources.
Companhia Paranaense de Energia Sponsored ADR Earnings Call Summary
Earnings Call Date:Aug 06, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 12, 2025
Earnings Call Sentiment Positive
The earnings call highlighted Copel's strong financial performance and strategic successes, including record net income, successful divestments, and effective energy trading strategies. However, challenges remain in the generation and transmission sectors due to curtailment impacts and trading setbacks.Q3-2024 Updates
Positive Updates
Record Net Income and EBITDA
Copel achieved a net income and adjusted EBITDA exceeding BRL 1.2 billion, driven by sound business results and extraordinary events totaling approximately BRL 645 million.
Strategic Divestments and Decarbonization
The divestment of Compagas and UEGA generated BRL 170 million, and the sale of Copel G&T’s real estate added BRL 175 million to net income. These moves align with Copel's decarbonization strategy.
Dividend Declaration
Copel declared dividends of BRL 485 million, equivalent to a 50% payout, to be paid on November 29, 2024.
Successful Energy Trading Strategy
The company executed its energy sales strategy effectively, resulting in a significant margin increase and contracts totaling more than 537 average megawatts for future periods.
Strong Distribution Performance
Copel Distribution generated an EBITDA of BRL 607 million, an 8.7% increase, driven by higher temperatures and economic activity.
Negative Updates
Challenges in Generation and Transmission
Copel G&T faced a challenging quarter with a 10.9% decrease in adjusted EBITDA due to lower average energy prices and wind farm generation deviations.
Impact of Curtailment on Wind Assets
Generation deviation caused by a 23% curtailment on wind assets resulted in a negative effect of BRL 67 million.
Energy Trading Setbacks
Trading results were impacted by BRL 30 million due to differences in the hourly contract generation curve and submarket price differences.
Company Guidance
During the Q3 2024 earnings call for Companhia Paranaense de Energia (CPLE6.SA), the company provided several key metrics and strategic updates. Copel reported an adjusted EBITDA of BRL 1.2 billion and a net income surpassing BRL 1.2 billion, partly due to extraordinary events totaling approximately BRL 645 million. These included the divestment of Compagas and UEGA, contributing BRL 170 million, and the sale of Copel G&T's real estate, adding BRL 175 million to net income. The company declared dividends of BRL 485 million, equivalent to a 50% payout ratio. Copel also highlighted significant workforce restructuring, reducing personnel costs by 11.2% after the voluntary exit of 1,258 employees. The call emphasized Copel's strategic focus on decarbonization and electrical core, with a disciplined approach to trading, evidenced by sales totaling more than 537 average megawatts for 2025-2028. Despite challenges with energy curtailment affecting wind assets, Copel's integrated strategy and diversified portfolio proved resilient, maintaining leverage at around 1.5x net debt over EBITDA. The company continues to optimize its capital structure, with an emphasis on efficiency, quality, and stakeholder value, while inviting investors to its upcoming Copel Day for further insights into its long-term strategy.Companhia Paranaense de Energia Sponsored ADR Financial Statement Overview
Summary
ELPC shows a solid financial position with improving profitability and effective equity utilization. Revenue and profit margins are on an upward trend, but historical volatility and recent cash flow challenges highlight areas for cautious monitoring.Income Statement
The income statement shows a positive revenue growth rate of 3.23% in the TTM period, indicating a steady upward trajectory. Gross profit margin and net profit margin have improved significantly, with the net profit margin at 16.28%, reflecting enhanced profitability. However, historical volatility in margins and a prior year of negative net profit margin suggest some instability.75
Positive
Balance Sheet
The balance sheet reflects a moderate debt-to-equity ratio of 0.73, indicating a balanced approach to leverage. Return on equity has improved to 11.52% in the TTM, showcasing effective use of equity to generate profits. However, the equity ratio is not explicitly provided, and past fluctuations in debt levels suggest potential risks.70
Positive
Cash Flow
Cash flow analysis reveals a decline in free cash flow growth by 11.06% in the TTM, indicating potential cash management challenges. The operating cash flow to net income ratio is stable at 0.33, and the free cash flow to net income ratio is strong at 0.80, suggesting efficient cash conversion despite recent growth setbacks.65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.87B | 22.65B | 21.48B | 20.54B | -13.33B | 18.63B |
| Gross Profit | 4.44B | 4.07B | 4.90B | 744.15M | -30.03B | 5.29B |
| EBITDA | 5.50B | 5.17B | 3.96B | 2.27B | 5.64B | 6.14B |
| Net Income | 3.04B | 454.29M | 2.26B | 1.11B | 4.95B | 3.90B |
Balance Sheet | ||||||
| Total Assets | 60.74B | 57.38B | 55.82B | 49.70B | 49.54B | 46.78B |
| Cash, Cash Equivalents and Short-Term Investments | 2.90B | 4.38B | 5.65B | 2.87B | 3.87B | 3.40B |
| Total Debt | 20.21B | 17.57B | 15.23B | 12.73B | 12.04B | 10.08B |
| Total Liabilities | 35.18B | 31.75B | 31.63B | 28.57B | 27.36B | 26.53B |
| Stockholders Equity | 25.60B | 25.67B | 23.89B | 20.82B | 21.84B | 19.96B |
Cash Flow | ||||||
| Free Cash Flow | 3.09B | 3.26B | 3.30B | 3.51B | 3.04B | 3.70B |
| Operating Cash Flow | 3.25B | 3.39B | 3.52B | 3.90B | 3.39B | 3.94B |
| Investing Cash Flow | -6.83B | -5.74B | -3.14B | -2.77B | 31.91M | -1.67B |
| Financing Cash Flow | -868.91M | 803.86M | 2.70B | -1.92B | -2.88B | -1.72B |
Companhia Paranaense de Energia Sponsored ADR Technical Analysis
Positive
8.36
Price Trends
8.10
Positive
7.95
Positive
6.84
Positive
Market Momentum
0.04
Positive
55.45
Neutral
44.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ELPC, the sentiment is Positive. The current price of 8.36 is above the 20-day moving average (MA) of 8.25, above the 50-day MA of 8.10, and above the 200-day MA of 6.84, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 55.45 is Neutral, neither overbought nor oversold. The STOCH value of 44.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ELPC.
Companhia Paranaense de Energia Sponsored ADR Risk Analysis
Companhia Paranaense de Energia Sponsored ADR disclosed 49 risk factors in its most recent earnings report. Companhia Paranaense de Energia Sponsored ADR reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Companhia Paranaense de Energia Sponsored ADR Peers Comparison
Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $6.54B | 4.95 | 22.94% | 15.50% | -3.27% | -3.44% | |
72 Outperform | $6.48B | 12.47 | 9.81% | 6.23% | -5.28% | 14.50% | |
71 Outperform | $6.48B | 11.24 | 9.81% | 6.48% | -5.28% | 14.50% | |
65 Neutral | $9.12B | 9.04 | 21.17% | 5.42% | -3.19% | 30.48% | |
63 Neutral | $19.87B | 1,570.10 | 1.06% | 5.56% | 8.86% | ― | |
58 Neutral | $2.14B | ― | -1.53% | ― | -11.75% | 96.86% | |
55 Neutral | $6.29B | 4.66 | -20.95% | 6.01% | 10.84% | 8.15% |
* General Sector Average
Performance Comparison
ELPC
Companhia Paranaense de Energia Sponsored ADR
8.36
1.88
29.01%
BIP
Brookfield Infrastructure
30.51
0.29
0.96%
CIG
Companhia Energetica Minas Gerais
2.04
0.14
7.37%
ELP
Companhia Paranaense de Energia Pfd
9.12
1.76
23.91%
HE
Hawaiian Electric
12.31
1.37
12.52%
AES
AES
12.93
-2.37
-15.49%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.