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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:77Outperform
Price Target:―
Companhia Paranaense de Energia Sponsored ADR (ELPC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.22B
Dividend Yield3.53%
Average Volume (3M)4.05K
Price to Earnings (P/E)11.3
Beta (1Y)0.22
Revenue Growth-7.02%
EPS Growth17.33%
CountryUS
Employees4,396
SectorGeneral
Sector StrengthN/A
IndustryDiversified Utilities
Share Statistics
EPS (TTM)0.15
Shares Outstanding325,086,820
10 Day Avg. Volume5,019
30 Day Avg. Volume4,052
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.31
Price to Sales (P/S)0.00
P/FCF Ratio2.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Companhia Paranaense de Energia Sponsored ADR Business Overview & Revenue Model
Company DescriptionCompanhia Paranaense de Energia Sponsored ADR (ELPC), also known as COPEL, is a leading Brazilian utility company engaged in the generation, transmission, distribution, and commercialization of electricity. Headquartered in Curitiba, Paraná, COPEL serves a significant portion of the population in the state of Paraná and operates a diverse portfolio of hydroelectric, wind, and thermal power plants, contributing to Brazil's energy supply with a focus on sustainability and innovation.
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:May 08, 2025
(Q3-2024)
| % Change Since: 3.90%|
Next Earnings Date:Aug 06, 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
Overall, ELPC has demonstrated commendable financial performance with strong profitability and cash flow metrics. Despite some revenue challenges, the company maintains a healthy balance sheet and capital structure. Continued focus on revenue growth and debt management will support future stability and growth in the competitive diversified utilities sector.Income Statement
The company has shown strong profitability with a TTM Gross Profit Margin of 34.8% and a Net Profit Margin of 16.3%. Despite a decline in total revenue from the previous year, the EBIT and EBITDA margins are healthy at 21.1% and 29.5% respectively. However, the negative revenue growth rate indicates potential challenges in generating sales.75
Positive
Balance Sheet
The balance sheet indicates moderate leverage with a Debt-to-Equity ratio of 0.73. The company's Return on Equity (ROE) is robust at 11.2%, showing efficient use of equity. The Equity Ratio stands at 43.6%, reflecting a balanced capital structure, though there is room for improvement in reducing debt.68
Positive
Cash Flow
The cash flow statement is strong with a significant Free Cash Flow growth rate and a Free Cash Flow to Net Income ratio of 0.98, indicating efficient cash generation. The Operating Cash Flow to Net Income ratio of 1.22 suggests excellent cash earnings quality, supporting operational stability.82
Very Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.65B | 21.48B | 20.54B | -13.33B | 18.63B |
| Gross Profit | 658.55M | 4.90B | 744.15M | -30.03B | 5.29B |
| EBITDA | 4.45B | 3.96B | 2.27B | 5.64B | 6.14B |
| Net Income | 454.29M | 2.26B | 1.11B | 4.95B | 3.90B |
Balance Sheet | |||||
| Total Assets | 57.38B | 55.82B | 49.70B | 49.54B | 46.78B |
| Cash, Cash Equivalents and Short-Term Investments | 4.38B | 5.65B | 2.87B | 3.87B | 3.40B |
| Total Debt | 17.57B | 15.23B | 12.73B | 12.04B | 10.08B |
| Total Liabilities | 31.75B | 31.63B | 28.57B | 27.36B | 26.53B |
| Stockholders Equity | 25.67B | 23.89B | 20.82B | 21.84B | 19.96B |
Cash Flow | |||||
| Free Cash Flow | 526.45M | 3.30B | 3.51B | 3.04B | 3.70B |
| Operating Cash Flow | 3.39B | 3.52B | 3.90B | 3.39B | 3.94B |
| Investing Cash Flow | -5.74B | -3.14B | -2.77B | 31.91M | -1.67B |
| Financing Cash Flow | 129.98M | 2.70B | -1.92B | -2.88B | -1.72B |
Companhia Paranaense de Energia Sponsored ADR Technical Analysis
Neutral
8.00
Price Trends
8.14
Negative
7.28
Positive
6.45
Positive
Market Momentum
-0.07
Positive
47.05
Neutral
58.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ELPC, the sentiment is Neutral. The current price of 8 is below the 20-day moving average (MA) of 8.21, below the 50-day MA of 8.14, and above the 200-day MA of 6.45, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 47.05 is Neutral, neither overbought nor oversold. The STOCH value of 58.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $6.23B | 4.23 | 26.38% | 17.68% | -4.14% | 13.02% | |
78 Outperform | $6.22B | 12.16 | 9.22% | 3.60% | -7.02% | 17.33% | |
77 Outperform | $6.22B | 11.32 | 9.22% | 3.53% | -7.02% | 17.33% | |
64 Neutral | $21.17B | 2,867.59 | 0.47% | 5.30% | 12.40% | -108.27% | |
60 Neutral | $9.27B | 7.20 | 29.79% | 5.41% | -3.22% | 141.11% | |
57 Neutral | $5.81B | 21.43 | -28.61% | 5.74% | 10.78% | -34.04% | |
52 Neutral | $1.80B | ― | -67.93% | ― | -7.58% | -819.97% |
* General Sector Average
Performance Comparison
ELPC
Companhia Paranaense de Energia Sponsored ADR
7.96
1.98
33.11%
BIP
Brookfield Infrastructure
32.42
3.48
12.02%
CIG
Companhia Energetica Minas Gerais
1.86
0.26
16.25%
ELP
Companhia Paranaense de Energia Pfd
8.56
1.72
25.15%
HE
Hawaiian Electric
10.66
-6.85
-39.12%
AES
AES
13.19
-3.31
-20.06%
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.