Neoenergia SA
BOVESPA:NEOE3

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Neoenergia SA
BOVESPA:NEOE3
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Price: 32.75 BRL
Market Cap: R$39.8B

Relative Value

The Relative Value of one NEOE3 stock under the Base Case scenario is 53.6 BRL. Compared to the current market price of 32.75 BRL, Neoenergia SA is Undervalued by 39%.

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.

NEOE3 Relative Value
Base Case
53.6 BRL
Undervaluation 39%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

NEOE3 Competitors Multiples
Neoenergia SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
BR
Neoenergia SA
BOVESPA:NEOE3
39.8B BRL 0.8 7.9 5.7 7.3
US
Nextera Energy Inc
NYSE:NEE
191.9B USD 7 28.1 18.8 35.1
ES
Iberdrola SA
MAD:IBE
126.2B EUR 2.8 23.3 10.1 18.7
IT
Enel SpA
MIL:ENEL
92.1B EUR 0.8 9.2 5.4 7.6
US
Southern Co
NYSE:SO
104.4B USD 3.6 23.3 12.5 22.3
US
Duke Energy Corp
NYSE:DUK
98.5B USD 3.1 20.1 21.1 21.1
US
Constellation Energy Corp
NASDAQ:CEG
92.1B USD 3.7 33.5 19.9 28
US
American Electric Power Company Inc
NASDAQ:AEP
70.1B USD 3.2 19.6 13 21.4
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
48.8B USD 2 17.6 11 18.8
US
Xcel Energy Inc
NASDAQ:XEL
48.2B USD 3.3 23.9 13.8 28.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
BR
Neoenergia SA
BOVESPA:NEOE3
Average EV/EBITDA: 13.1
5.7
2%
2.8
US
Nextera Energy Inc
NYSE:NEE
18.8
14%
1.3
ES
Iberdrola SA
MAD:IBE
10.1
-2%
N/A
IT
Enel SpA
MIL:ENEL
5.4
7%
0.8
US
Southern Co
NYSE:SO
12.5
8%
1.6
US
Duke Energy Corp
NYSE:DUK
21.1
32%
0.7
US
Constellation Energy Corp
NASDAQ:CEG
19.9
7%
2.8
US
American Electric Power Company Inc
NASDAQ:AEP
13
11%
1.2
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11
8%
1.4
US
Xcel Energy Inc
NASDAQ:XEL
13.8
13%
1.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
BR
Neoenergia SA
BOVESPA:NEOE3
Average EV/EBIT: 20.9
7.3
2%
3.6
US
Nextera Energy Inc
NYSE:NEE
35.1
19%
1.8
ES
Iberdrola SA
MAD:IBE
18.7
0%
N/A
IT
Enel SpA
MIL:ENEL
7.6
7%
1.1
US
Southern Co
NYSE:SO
22.3
11%
2
US
Duke Energy Corp
NYSE:DUK
21.1
10%
2.1
US
Constellation Energy Corp
NASDAQ:CEG
28
13%
2.2
US
American Electric Power Company Inc
NASDAQ:AEP
21.4
12%
1.8
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
18.8
7%
2.7
US
Xcel Energy Inc
NASDAQ:XEL
28.4
17%
1.7