1. Brazil Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Companhia de Electricidade do Estado da Bahia - COELBA

Companhia de Electricidade do Estado da Bahia - COELBA

41.15
BRL
-3.02
(-6.84%)
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
4,904
5,637
6,757
7,067
8,141
9,237
10,219
10,154
12,967
12,141
13,524
14,607
15,772
14,500
Operating Margin (%)
14.68
15.32
12.42
10.46
8.46
12.42
15.31
17.81
22.15
26.78
28.34
27.71
27.28
31.11
Depreciation Expense
286
327
337
351
399
435
505
574
674
772
872
966
1,060
1,110
Net Income, GAAP
495
459
386
260
177
639
1,009
1,219
1,669
1,567
1,839
1,808
1,954
1,966
Effective Tax Rate (%)
15.73
10.35
24.75
4.7
16.53
15.99
13.24
16.39
19.02
16.96
9.19
18.04
6.86
7.35
Profit Margin (%)
10.1
8.15
5.72
3.67
2.17
6.91
9.87
12.01
12.87
12.91
13.6
12.38
12.39
13.56
Working Capital
32
198
-100
-871
-913
637
684
669
633
-350
-887
-327
1,239
1,248
LT Debt
2,978
3,284
4,311
3,626
3,518
5,405
6,041
7,028
9,995
10,923
11,592
13,699
17,966
19,305
Total Equity
2,492
2,787
3,069
2,956
3,166
5,205
5,219
6,109
6,176
5,911
6,437
7,424
7,848
8,315
Return on Invested Capital (%)
10.57
12.32
8.52
8.52
6.84
9.45
11.45
11
13.78
13.63
16.22
13.98
14.69
14.65
Return on Capital (%)
11.71
10.16
7.56
5.59
4.42
8.78
10.81
11.4
13.77
13.45
14.85
13.03
13.78
14.53
Return on Common Equity (%)
24.19
18.96
14.3
9.44
6.71
19.44
25.5
27.65
34.15
32.72
37.39
31.86
30.62
28.78

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,390
2,087
2,048
LT Borrowings
17,934
19,544
19,267
LT Finance Leases
32
38
38
Preferred Equity and Hybrid Capital
1,255
1,255
1,255
Shares Outstanding
- -
- -
- -
Market Capitalization
- -
- -
- -

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,623
8,572
7,458
Cash, Cash Equivalents & STI
2,640
3,205
2,264
Accounts Receivable, Net
3,625
3,912
3,598
Inventories
- -
- -
- -
Total Current Liabilities
6,384
6,181
6,210
Payables & Accruals
- -
- -
- -
ST Debt
2,390
2,087
2,048
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.19%
5.35%
5.71%
Free Cash Flow
-41.15%
34.95%
-38.06%
Net Income, GAAP
32.95%
10.91%
8.08%
Sales/Revenue/Turnover
9.2%
9.74%
7.98%
Total Cash Common Dividend
544.63%
294.27%
115.19%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,617
3,255
3,855
2,942
14,607
2025
3,697
3,948
- -
2,280
15,772
2026
4,198
4,074
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Thiago Freire Guth
Full Time Employees
5,514
Sector
Utilities
Industry
Electric utilities
Address
Avenida Edgard Santos nº 300 Salvador BA Brazil 41181-900
IPO Date
Jul 2, 2007
Website
coelba.com.br
Similar Companies
Vistra Corp. (NYSE:VST)
Constellation Energy Corporation (NASDAQ:CEG)
NextEra Energy, Inc. (NYSE:NEE)
Adani Energy Solutions Ltd (NSE:ADANIENSOL)
NTPC Limited (NSE:NTPC)
Adani Power Limited (NSE:ADANIPOWER)
Business
Companhia de Eletricidade do Estado da Bahia - COELBA (COELBA), a subsidiary of Neoenergia S.A., engages in the distribution of electricity as a public service concessionaire in Brazil; it projects, constructs, and operates sub-transmission, processing, distribution, and commercialization systems for electrical energy along with related technical services, energy sector maintenance, and import-export operations. The company supplies electricity to over 6.6 million consumers across 417 municipalities in the State of Bahia, covering 99.5% of the region, as well as the municipalities of Delmiro Gouveia in Alagoas and Dianápolis in Tocantins; its infrastructure includes approximately 277,000 km of networks, 3.6 million poles, 7 million transformers, and 337 substations. Founded in 1960 and headquartered in Salvador, Bahia, COELBA primarily serves residential, commercial, industrial, and low-income customers in the regulated electric utilities sector. In recent developments, Neoenergia Coelba secured a €300 million green financing agreement with the European Investment Bank in July 2025 to upgrade and expand the electricity distribution network in Bahia, including automation, new connections for underserved areas, smart metering, and remote monitoring to enhance efficiency, reduce losses, and support renewable energy integration. The company also partnered with Ambipar and Heineken Spin in 2024 through the Vale Luz project to increase recycling incentives by offering higher discounts on energy bills for glass disposal, promoting circular economy initiatives. Additionally, parent company Neoenergia announced plans for significant investments in grid modernization and renewables, alongside Iberdrola's bid in November 2025 to acquire the remaining 16.2% stake in Neoenergia for full ownership, simplifying its structure while reinforcing focus on Brazilian operations.