Companhia Energetica do Rio Grande do Norte Cosern
BOVESPA:CSRN3

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Companhia Energetica do Rio Grande do Norte Cosern
BOVESPA:CSRN3
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Price: 13.6 BRL 0.82%
Market Cap: R$2.3B

EV/EBITDA

4
Current
7%
Cheaper
vs 3-y average of 4.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4
=
Enterprise Value
R$4.5B
/
EBITDA
R$1.1B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4
=
Enterprise Value
R$4.5B
/
EBITDA
R$1.1B

Valuation Scenarios

Companhia Energetica do Rio Grande do Norte Cosern is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (4.3), the stock would be worth R$14.6 (7% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+60%
Average Upside
34%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 4 R$13.6
0%
3-Year Average 4.3 R$14.6
+7%
5-Year Average 4.4 R$14.85
+9%
Industry Average 6.4 R$21.53
+58%
Country Average 6.4 R$21.73
+60%

Forward EV/EBITDA
Today’s price vs future ebitda

Not enough data available to calculate forward EV/EBITDA

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
BR
Companhia Energetica do Rio Grande do Norte Cosern
BOVESPA:CSRN3
2.3B BRL 4 4.1
US
Nextera Energy Inc
NYSE:NEE
191.6B USD 18.7 27.8
ES
Iberdrola SA
MAD:IBE
127.8B EUR 10 20.5
IT
Enel SpA
MIL:ENEL
97.6B EUR 7.3 23.1
US
Constellation Energy Corp
NASDAQ:CEG
104.2B USD 18.7 37.7
US
Southern Co
NYSE:SO
102.8B USD 12.6 23.4
US
Duke Energy Corp
NYSE:DUK
99.5B USD 11.1 20.1
US
American Electric Power Company Inc
NASDAQ:AEP
72.1B USD 13.2 20
FR
Electricite de France SA
PAR:EDF
46.6B EUR -5.4 -2.5
US
Entergy Corp
NYSE:ETR
51.4B USD 13.6 28.6
US
Xcel Energy Inc
NASDAQ:XEL
50.1B USD 14 24.4

Market Distribution

Lower than 80% of companies in Brazil
Percentile
20th
Based on 483 companies
20th percentile
4
Low
0.4 — 5.1
Typical Range
5.1 — 9.2
High
9.2 —
Distribution Statistics
Brazil
Min 0.4
30th Percentile 5.1
Median 6.4
70th Percentile 9.2
Max 1 748.1

Companhia Energetica do Rio Grande do Norte Cosern
Glance View

Market Cap
2.3B BRL
Industry
Utilities

Cia Energetica do Rio Grande do Norte engages in electricity transmission services. The company is headquartered in Natal, Rio Grande Do Norte. The firm operates as a public service concessionary of electrical power, aimed to study, project, construct and explore systems of production, transmission, transformation, distribution and commercialization of electrical energy and other alternative energy sources, renewable and nonrenewable. The company is also involved in other activities associated to electrical power services, such as administration of systems of generation, transmission, distribution and commercialization of electrical power, as well as the provision of technical services in the energy sector and export and import operations. The firm is a part of Neoenergia Group. As of December 31, 2011, COSERN was present in 167 municipalities of the State of Rio Grande do Norte, covering an area of approximately 53,000 square kilometers.

CSRN3 Intrinsic Value
Not Available
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