1. Brazil Stocks

  2. •

    Utilities

  3. •

    Renewable Utilities
Energisa S.A.

Energisa S.A.

ENGI4.SA
Energisa S.A.BR flagB3 S.A.
9.77
BRL
+0.23
- -
17.37BMarket Cap
Energisa S.A.
ENGI4.SA
(B3 S.A.)

Recent

price

9.77

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.75
1.98
2.38
2.04
5.08
8.89
7.32
6.94
8.01
10.16
9.8
12.77
12.17
12.26
13.41
13.87
9.72
Revenue per Share
0.16
0.17
0.23
0.15
0.19
0.22
0.09
0.28
0.58
0.22
0.71
1.25
0.98
0.81
1.51
0.87
0.56
Basic EPS, GAAP
-0.02
0.11
0.18
-0.18
-0.08
-0.14
0.25
-0.03
-1.26
0.03
1.29
-0.84
0.36
0.94
0.61
0.16
-1.08
Free Cash Flow per Basic Share
0.08
0.08
0.08
0.13
0.15
0.19
0.07
0.1
0.15
0.22
0.15
0.43
0.73
0.54
0.63
1.07
0.31
Dividend per Share
0.38
0.48
0.52
0.73
0.7
0.86
1.58
1.41
1.69
1.62
1.62
1.43
2.27
2.17
3
4.26
4.35
Book Value per Share
-0.3
-0.28
-0.12
0.21
-2.42
-2.81
-1.52
-1.19
-4.29
-4.75
-3.95
-3.28
-2
-1.51
0.33
-0.36
-0.24
Tangible Book Value per Share
1,232
1,260
1,260
1,385
1,449
1,460
1,771
1,978
1,986
2,075
2,075
2,073
2,178
2,328
2,514
2,556
2,605
Basic Weighted Avg Shares
2,154
2,491
2,998
2,819
7,365
12,977
12,969
13,738
15,906
21,084
20,330
26,476
26,503
28,532
33,715
35,441
25,303
Sales/Revenue/Turnover
16.89
16.69
17.62
14.94
7.87
8.16
11.9
6.51
7.68
13.28
12.51
17.47
21.12
20.91
18.75
19.37
19.3
Operating Margin (%)
137
131
139
141
591
700
704
808
950
1,158
1,229
1,243
1,274
1,577
1,858
2,122
1,641
Depreciation Expense
195
212
291
201
280
325
155
559
1,148
455
1,469
2,592
2,135
1,894
3,790
2,214
1,466
Net Income, GAAP
26.39
20.68
31.04
19.11
6.68
- -
28.14
5.65
38.47
46.3
25.78
21.61
22.64
27.63
- -
5.84
47.42
Effective Tax Rate (%)
9.04
8.51
9.7
7.14
3.81
2.5
1.19
4.07
7.22
2.16
7.23
9.79
8.06
6.64
11.24
6.25
5.79
Profit Margin (%)
426
673
409
214
1,225
1,163
1,336
1,353
3,499
2,324
1,193
3,423
1,499
1,857
3,363
7,483
9,835
Working Capital
1,520
2,042
2,220
2,278
5,228
6,423
6,069
6,955
13,612
14,638
14,552
19,309
21,630
25,540
28,901
38,490
40,079
LT Debt
1,188
1,281
1,458
1,827
2,999
3,318
4,773
4,785
6,048
6,462
7,516
9,086
12,484
15,716
22,143
21,185
21,636
Total Equity
8.68
9.53
8.89
7.35
6.96
- -
9.03
6.25
4.12
6.45
7.14
11.74
11.61
9.54
- -
10.35
- -
Return on Invested Capital (%)
16.3
15.32
14.45
13.52
13.37
- -
7.02
10.41
10.13
4.75
9.15
16.83
12.03
8.47
- -
9.21
7.13
Return on Capital (%)
41.52
39.68
46.14
24.11
27.77
28.63
7.63
19.98
37.29
13.54
43.67
81.88
53.98
37.91
60.21
24.05
14.91
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
6,221
5,660
LT Borrowings
- -
38,369
39,965
LT Finance Leases
- -
121
114
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,514
2,515
2,514
Market Capitalization
23,493
21,880
25,733

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
20,932
22,884
Cash, Cash Equivalents & STI
- -
11,297
13,267
Accounts Receivable, Net
- -
4,771
4,610
Inventories
- -
156
163
Total Current Liabilities
- -
13,449
13,050
Payables & Accruals
- -
- -
- -
ST Debt
- -
6,221
5,660
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.44%
24.15%
-4.33%
Free Cash Flow
743.16%
-47.54%
-72.63%
Net Income, GAAP
58.25%
21.2%
-41.57%
Sales/Revenue/Turnover
11.19%
12.25%
5.12%
Total Cash Common Dividend
42.51%
69.8%
70.63%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,472
7,051
8,581
9,558
33,715
2025
7,734
7,828
- -
9,433
35,441
2026
8,042
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
0.2
0.22
- -
1.51
2025
0.31
0.1
- -
- -
0.87
2026
0.17
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
0.01
0.34
- -
0.63
2025
0.44
0.07
- -
- -
1.07
2026
0.05
- -
- -
- -
- -
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Business
Energisa S.A. is a Brazil-based holding company primarily engaged in the generation, transmission, distribution, and trading of electric energy through its subsidiaries; it also operates in natural gas distribution, distributed renewable energy generation, and related services including operation and maintenance, energy efficiency solutions, biomethane production, biofertilizer commercialization, insurance brokerage, and financial products via its fintech Voltz. The company serves approximately 20 million residential, industrial, commercial, and rural customers across 11 states including Minas Gerais, Mato Grosso, Mato Grosso do Sul, Paraíba, Rio de Janeiro, Rondônia, São Paulo, Sergipe, Tocantins, Paraná, and Acre, with a presence in 939 municipalities and operations covering 97% of Brazil's territory; it manages 12 transmission concessions spanning 3,600 kilometers of high-voltage lines, two centralized solar farms with 70 MWp capacity, and distributed generation through (re)energisa with 363 MWp across solar, wind, and hydraulic projects. Founded in 1905 and headquartered in Cataguases, Minas Gerais, Energisa operates as a subsidiary of Gipar S.A. and employs over 17,000 people, focusing on energy transition with decarbonization efforts such as shutting down 20 thermoelectric plants in the Amazon ahead of schedule, reducing CO2 emissions by over 500,000 tons. Recent developments include the 2024 acquisition of 100% of Infra Gás e Energia S.A. for portfolio diversification into Northeast natural gas distribution (Cegás in Ceará, Copergás in Pernambuco, Algás in Alagoas, Potigas in Rio Grande do Norte, and Sergas in Sergipe), completion of the R$879 million Norgás acquisition from Compass Gas e Energia in November 2024, a R$2.5 billion share offering on B3 to strengthen capital structure, winning Lot 12 in ANEEL's first 2024 transmission auction for Northeast expansion, R$700 million BNDES financing for 49 new solar plants, R$80 million investment in a biomethane plant in Santa Catarina, and partnerships like with Octopus Energy for renewable solutions and Shell Energy Brazil for lower-cost natural gas supply to ES Gás.