Brazilian Electric Power Co
BOVESPA:ELET6

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Brazilian Electric Power Co
BOVESPA:ELET6
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Price: 44.37 BRL -0.8% Market Closed
Market Cap: 99.7B BRL

Relative Value

The Relative Value of one ELET6 stock under the Base Case scenario is 87.07 BRL. Compared to the current market price of 44.37 BRL, Brazilian Electric Power Co is Undervalued by 49%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ELET6 Relative Value
Base Case
87.07 BRL
Undervaluation 49%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
26
vs Industry
Median 3Y
2.4
Median 5Y
2.1
Industry
1.7
Forward
2.4
vs History
42
vs Industry
Median 3Y
20.4
Median 5Y
9.5
Industry
14.8
Forward
9.2
vs History
79
vs Industry
Median 3Y
10.3
Median 5Y
9.5
Industry
7
vs History
41
vs Industry
Median 3Y
-2.6
Median 5Y
-2.6
Industry
13.7
vs History
34
vs Industry
Median 3Y
0.8
Median 5Y
0.8
Industry
1.4
vs History
19
vs Industry
Median 3Y
3.3
Median 5Y
2.8
Industry
2.8
Forward
3.8
vs History
17
vs Industry
Median 3Y
5.9
Median 5Y
5.1
Industry
7.8
vs History
66
vs Industry
Median 3Y
10.4
Median 5Y
7.6
Industry
10.4
Forward
7
vs History
68
vs Industry
Median 3Y
13.9
Median 5Y
9.2
Industry
14.9
Forward
8.7
vs History
68
vs Industry
Median 3Y
13.8
Median 5Y
12.7
Industry
10.8
vs History
38
vs Industry
Median 3Y
-4
Median 5Y
12.6
Industry
16.4
vs History
7
vs Industry
Median 3Y
0.5
Median 5Y
0.5
Industry
0.9

Multiples Across Competitors

ELET6 Competitors Multiples
Brazilian Electric Power Co Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
BR
Brazilian Electric Power Co
BOVESPA:ELET6
99.7B BRL 2.4 10.3 6.2 7.4
US
Nextera Energy Inc
NYSE:NEE
150.3B USD 6 27.3 17.2 31.1
ES
Iberdrola SA
MAD:IBE
101.8B EUR 2.3 21 9.1 17
US
Southern Co
NYSE:SO
100.2B USD 3.6 21.7 12.6 21.9
IT
Enel SpA
MIL:ENEL
83.3B EUR 0.7 7.7 4.8 6.5
US
Constellation Energy Corp
NASDAQ:CEG
96B USD 4 32.2 15.3 25.4
US
Duke Energy Corp
NYSE:DUK
91B USD 2.9 19.5 11.6 20.8
US
American Electric Power Company Inc
NASDAQ:AEP
55.1B USD 2.7 19.9 12.3 21.9
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
43.3B USD 1.8 16 10.7 18.8
US
Xcel Energy Inc
NASDAQ:XEL
39B USD 2.8 20.2 12.7 28.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
BR
Brazilian Electric Power Co
BOVESPA:ELET6
Average EV/EBITDA: 11.3
6.2
5%
1.2
US
Nextera Energy Inc
NYSE:NEE
17.2
19%
0.9
ES
Iberdrola SA
MAD:IBE
9.1
0%
N/A
US
Southern Co
NYSE:SO
12.6
7%
1.8
IT
Enel SpA
MIL:ENEL
4.8
7%
0.7
US
Constellation Energy Corp
NASDAQ:CEG
15.3
-4%
N/A
US
Duke Energy Corp
NYSE:DUK
11.6
7%
1.7
US
American Electric Power Company Inc
NASDAQ:AEP
12.3
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
10.7
10%
1.1
US
Xcel Energy Inc
NASDAQ:XEL
12.7
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
BR
Brazilian Electric Power Co
BOVESPA:ELET6
Average EV/EBIT: 19.9
7.4
2%
3.7
US
Nextera Energy Inc
NYSE:NEE
31.1
24%
1.3
ES
Iberdrola SA
MAD:IBE
17
2%
8.5
US
Southern Co
NYSE:SO
21.9
8%
2.7
IT
Enel SpA
MIL:ENEL
6.5
7%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
25.4
2%
12.7
US
Duke Energy Corp
NYSE:DUK
20.8
9%
2.3
US
American Electric Power Company Inc
NASDAQ:AEP
21.9
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
18.8
11%
1.7
US
Xcel Energy Inc
NASDAQ:XEL
28.5
21%
1.4