ELPC Utilities

Companhia Paranaense de Energia

$10.26-1.63%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Utilities
Industry: Utilities - Regulated Electric
Country: Brazil
Market cap: 7.6B USD
Enterprise value: 11.5B USD
Full-time employees: 4,287

Overall health

Drawback: less profitable than most peersless profitable than peers
About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #201 of 348 utilities companies (bottom 43%)

See how it ranks against its peers

Worth knowing

Profit growing, cash flow isn't. Profit +134% since 2022 (an unusually weak year for profit), operating cash flow −22%.Profit +134% since 2022, operating cash flow −22%.
Companhia Paranaense de Energia's reported profit rose 134% since 2022, but the cash its operations generate changed −22%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Companhia Paranaense de Energia's reported profit rose 134% since 2022, but the cash its operations generate changed −22%. When profit and cash diverge like this, it's worth understanding why.
Valuation signals disagree. Cheaper than 72% of peers on operating cash profit (EBITDA), but only 30% on earnings.Cheaper than 72% of peers on operating cash profit, but only 30% on earnings.
Relative to its operating cash profit (EBITDA), Companhia Paranaense de Energia looks cheaper than 72% of peers; relative to its earnings, cheaper than only 30%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Companhia Paranaense de Energia looks cheaper than 72% of peers; relative to its earnings, cheaper than only 30%. The valuation score blends the two, so look at which measure fits this business best.
Growing fast, still losing money. Revenue grew faster than 88% of peers, at an operating loss.
Revenue grew faster than 88% of peers, but the business runs at an operating loss (margin -2.4%).
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

StockQuotient Score

46/ 100▲ 1 since Oct 27 close

Oct 5 43 → Nov 4 46 (+3)

Valuation

Is the price right?

60/100

Moderate▲ 6 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 54 → 60

Share price -9.3%+5
Company's reported figures updated-1
Peer companies moved+2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · BRL→USD at the current rateReported value30% base weight · Z-score -0.43Sector median: 0.0485 · MAD: 0.0319

EBITDA yield11.4%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · BRL→USD convertedReported value50% base weight · Z-score 1.13Sector median: 0.0859 · MAD: 0.0250

Free cash flow yield4.6%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · BRL→USD converted · operating cash flow − capital spendingReported value20% base weight · Z-score 0.00Sector median: 0.0000 · MAD: 0.0000

Other data (not scored)

Book yield30.0%

SEC filings (IFRS mapped) · latest balance sheet · BRL→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.6310 · MAD: 0.2684

Growth

Is it growing?

42/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 15.3%

Why

Mixed versus peers:

▲ Revenue growth
▲ 3-yr revenue
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-79.1%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.71Sector median: 0.0172 · MAD: 0.1791

3-year revenue growth8.3%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 1.22Sector median: 0.0196 · MAD: 0.0523

Revenue growth15.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 1.87Sector median: 0.0254 · MAD: 0.0681

Profitability

Does it earn well?

16/100

Weak▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: No major change

Why it changed since the Oct 27, 2026 close: Score 15 → 16

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-2.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.08Sector median: 0.1864 · MAD: 0.0865

Return on assets4.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 1.45Sector median: 0.0266 · MAD: 0.0124

Return on invested capital-2.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -3.24Sector median: 0.0524 · MAD: 0.0237

Other data (not scored)

Gross margin21.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.3581 · MAD: 0.1545

Return on equity11.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0807 · MAD: 0.0381

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 68 → 67

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.26

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 1.13Sector median: 0.4590 · MAD: 0.1730

Current ratio0.98×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.14Sector median: 1.0330 · MAD: 0.3620

Debt / equity0.98×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.41Sector median: 1.1925 · MAD: 0.5265

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Companhia Paranaense de Energia

Is Companhia Paranaense de Energia getting weaker?: Its latest SEC filing (Apr 16, 2026) showed no major changes. Its overall score is 46/100, up 1 since Oct 28, 2026.
How is Companhia Paranaense de Energia valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 60/100 against 360 utilities peers. EBITDA yield 11.4% vs a peer median of 8.6% (stronger than 72% of peers).EBITDA yield 11.4% vs peers 8.6% (stronger than 72% of peers). Earnings yield 3.5% vs a peer median of 4.8% (weaker than 70% of peers).Earnings yield 3.5% vs peers 4.8% (weaker than 70% of peers).
Is Companhia Paranaense de Energia growing?: At about the same pace as its peers. Growth scores 42/100 against 360 utilities peers. Revenue growth 15.3% vs a peer median of 2.5% (stronger than 88% of peers).Revenue growth 15.3% vs peers 2.5% (stronger than 88% of peers). Earnings per share growth -79.1% vs a peer median of 1.7% (weaker than 100% of peers).Earnings per share growth -79.1% vs peers 1.7% (weaker than 100% of peers).
How profitable is Companhia Paranaense de Energia?: Less profitable than most of its peers. Profitability scores 16/100 against 360 utilities peers. Return on assets 4.4% vs a peer median of 2.7% (stronger than 80% of peers).Return on assets 4.4% vs peers 2.7% (stronger than 80% of peers). Operating margin -2.4% vs a peer median of 18.6% (weaker than 100% of peers).Operating margin -2.4% vs peers 18.6% (weaker than 100% of peers).
How risky is Companhia Paranaense de Energia?: Moderate risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Beta 0.26 vs a peer median of 0.46 (stronger than 79% of peers).Beta 0.26 vs peers 0.46 (stronger than 79% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Apr 16, 2026 · compared with the year ended Dec 31, 2024

No major changes

Worth watching: Companhia Paranaense de Energia is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous year	Latest year	Change
Revenue (12 months)	22.7B BRL	26.1B BRL	+15.3%
Net income (12 months)	2.8B BRL	2.7B BRL	−4.0%
Operating margin	-3.7%	-2.4%	+1.3 pts
Cash	4.2B BRL	3.1B BRL	−24.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in BRL, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	20.3%	24.0%	22.8%	21.6%	21.7%	▲ 0.1 pts
Operating margin	3.1%	-9.6%	-5.6%	-3.7%	-2.4%	▲ 1.3 pts
Net margin	24.1%	5.6%	10.8%	12.4%	10.3%	▼ 2.1 pts
Return on assets (ROA)	10.2%	2.3%	4.2%	4.9%	4.4%	▼ 0.4 pts
Return on equity (ROE)	23.1%	5.5%	9.7%	10.9%	11.6%	▲ 0.7 pts
Free cash flow margin	14.5%	16.4%	—	—	—	—
Current ratio	1.40×	1.30×	1.47×	1.26×	0.98×	▼ 22%
Quick ratio	1.38×	1.28×	1.45×	1.25×	0.97×	▼ 22%
Debt to equity	—	—	—	—	—	—
Interest coverage	0.53×	-1.02×	-0.53×	-0.35×	-0.20×	▲ 44%

ELPC price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Worth knowing

Profit growing, cash flow isn't. Profit +134% since 2022 (an unusually weak year for profit), operating cash flow −22%.Profit +134% since 2022, operating cash flow −22%.

Companhia Paranaense de Energia's reported profit rose 134% since 2022, but the cash its operations generate changed −22%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Companhia Paranaense de Energia's reported profit rose 134% since 2022, but the cash its operations generate changed −22%. When profit and cash diverge like this, it's worth understanding why.

Valuation signals disagree. Cheaper than 72% of peers on operating cash profit (EBITDA), but only 30% on earnings.Cheaper than 72% of peers on operating cash profit, but only 30% on earnings.

Relative to its operating cash profit (EBITDA), Companhia Paranaense de Energia looks cheaper than 72% of peers; relative to its earnings, cheaper than only 30%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Companhia Paranaense de Energia looks cheaper than 72% of peers; relative to its earnings, cheaper than only 30%. The valuation score blends the two, so look at which measure fits this business best.

Growing fast, still losing money. Revenue grew faster than 88% of peers, at an operating loss.

Revenue grew faster than 88% of peers, but the business runs at an operating loss (margin -2.4%).

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Questions investors ask about Companhia Paranaense de Energia

Is Companhia Paranaense de Energia getting weaker?

Its latest SEC filing (Apr 16, 2026) showed no major changes. Its overall score is 46/100, up 1 since Oct 28, 2026.

How is Companhia Paranaense de Energia valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 60/100 against 360 utilities peers. EBITDA yield 11.4% vs a peer median of 8.6% (stronger than 72% of peers).EBITDA yield 11.4% vs peers 8.6% (stronger than 72% of peers). Earnings yield 3.5% vs a peer median of 4.8% (weaker than 70% of peers).Earnings yield 3.5% vs peers 4.8% (weaker than 70% of peers).

Is Companhia Paranaense de Energia growing?

At about the same pace as its peers. Growth scores 42/100 against 360 utilities peers. Revenue growth 15.3% vs a peer median of 2.5% (stronger than 88% of peers).Revenue growth 15.3% vs peers 2.5% (stronger than 88% of peers). Earnings per share growth -79.1% vs a peer median of 1.7% (weaker than 100% of peers).Earnings per share growth -79.1% vs peers 1.7% (weaker than 100% of peers).

How profitable is Companhia Paranaense de Energia?

Less profitable than most of its peers. Profitability scores 16/100 against 360 utilities peers. Return on assets 4.4% vs a peer median of 2.7% (stronger than 80% of peers).Return on assets 4.4% vs peers 2.7% (stronger than 80% of peers). Operating margin -2.4% vs a peer median of 18.6% (weaker than 100% of peers).Operating margin -2.4% vs peers 18.6% (weaker than 100% of peers).

How risky is Companhia Paranaense de Energia?

Moderate risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Beta 0.26 vs a peer median of 0.46 (stronger than 79% of peers).Beta 0.26 vs peers 0.46 (stronger than 79% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

22.7B BRL

26.1B BRL

+15.3%

Net income (12 months)

2.8B BRL

2.7B BRL

−4.0%

Operating margin

-3.7%

-2.4%

+1.3 pts

Cash

4.2B BRL

3.1B BRL

−24.8%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

20.3%

24.0%

22.8%

21.6%

21.7%

▲ 0.1 pts

Operating margin

3.1%

-9.6%

-5.6%

-3.7%

-2.4%

▲ 1.3 pts

Net margin

24.1%

5.6%

10.8%

12.4%

10.3%

▼ 2.1 pts

Return on assets (ROA)

10.2%

2.3%

4.2%

4.9%

4.4%

▼ 0.4 pts

Return on equity (ROE)

23.1%

5.5%

9.7%

10.9%

11.6%

▲ 0.7 pts

Free cash flow margin

14.5%

16.4%

—

Current ratio

1.40×

1.30×

1.47×

1.26×

0.98×

▼ 22%

Quick ratio

1.38×

1.28×

1.45×

1.25×

0.97×

▼ 22%

Debt to equity

—

Interest coverage

0.53×

-1.02×

-0.53×

-0.35×

-0.20×

▲ 44%