Companhia de Eletricidade do Estado da Bahia Coelba (BOVESPA:CEEB3)

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Price: 38.51 BRL -0.36%

Market Cap: 5.9B BRL

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Section:

Relative Value

The Relative Value of one CEEB3 stock under the Base Case scenario is 129.68 BRL. Compared to the current market price of 38.51 BRL, Companhia de Eletricidade do Estado da Bahia Coelba is Undervalued by 70%.

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.

What is Relative Valuation?

How is Relative Value calculated?

CEEB3 Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.4

P/S

vs History	77
vs Industry	80

Median 5Y

0.4

Industry

1.6

More Details

3.3

P/E

vs History	66
vs Industry	72

Median 5Y

3.5

Industry

15.1

More Details

P/OCF

vs History	95
vs Industry	72

Median 5Y

2.7

Industry

More Details

Negative

P/FCFE

vs History
vs Industry

Median 5Y

-2.9

Industry

13.9

More Details

0.8

P/B

vs History	49
vs Industry	65

Median 5Y

0.8

Industry

1.4

More Details

1.1

EV/S

vs History	34
vs Industry	72

Median 5Y

Industry

2.7

More Details

3.6

EV/GP

vs History	71
vs Industry	72

Median 5Y

3.8

Industry

7.5

More Details

3.5

EV/EBITDA

vs History	92
vs Industry	75

Median 5Y

3.9

Industry

10.3

More Details

4.4

EV/EBIT

vs History	82
vs Industry	74

Median 5Y

4.8

Industry

14.6

More Details

5.7

EV/OCF

vs History	80
vs Industry	62

Median 5Y

7.1

Industry

11.1

More Details

49.2

EV/FCFF

vs History	12
vs Industry	0

Median 5Y

-12.1

Industry

16.8

More Details

0.6

EV/IC

vs History	41
vs Industry	72

Median 5Y

0.6

Industry

0.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
BR		Companhia de Eletricidade do Estado da Bahia Coelba BOVESPA:CEEB3	5.9B BRL	0.4	3.3	3.5	4.4
US		Nextera Energy Inc NYSE:NEE	147.1B USD	5.6	21.2	15.3	25.9
US		Southern Co NYSE:SO	90.4B USD	3.4	19.3	12.4	21.7
ES		Iberdrola SA MAD:IBE	84.7B EUR	1.9	12.8	7	10.6
US		Duke Energy Corp NYSE:DUK	83.4B USD	2.8	19.8	11.7	21.3
IT		Enel SpA MIL:ENEL	69.1B EUR	0.6	7.9	4	5.4
US		Constellation Energy Corp NASDAQ:CEG	71.5B USD	3	25	12.8	23.3
US		PG&E Corp NYSE:PCG	52B USD	2.1	18.9	11.8	20.9
US		American Electric Power Company Inc NASDAQ:AEP	49.2B USD	2.5	18.7	12.4	22.4
FR		Electricite de France SA PAR:EDF	46.6B EUR	0.3	-2.5	-5.4	-3.2
DK	O	Oersted A/S SWB:D2G	39.4B EUR	4.6	58.2	24.3	24.3

				Revenue Growth	P/S to Growth
BR		Companhia de Eletricidade do Estado da Bahia Coelba BOVESPA:CEEB3	Average P/S: 2.5 0.4	N/A	N/A
US		Nextera Energy Inc NYSE:NEE	5.6	14%	0.4
US		Southern Co NYSE:SO	3.4	15%	0.2
ES		Iberdrola SA MAD:IBE	1.9	5%	0.4
US		Duke Energy Corp NYSE:DUK	2.8	12%	0.2
IT		Enel SpA MIL:ENEL	0.6	4%	0.2
US		Constellation Energy Corp NASDAQ:CEG	3	2%	1.6
US		PG&E Corp NYSE:PCG	2.1	10%	0.2
US		American Electric Power Company Inc NASDAQ:AEP	2.5	16%	0.2
FR		Electricite de France SA PAR:EDF	0.3	-43%	N/A
DK	O	Oersted A/S SWB:D2G	4.6	20%	0.2

				Earnings Growth	P/E to Growth
BR		Companhia de Eletricidade do Estado da Bahia Coelba BOVESPA:CEEB3	Average P/E: 20.5 3.3	N/A	N/A
US		Nextera Energy Inc NYSE:NEE	21.2	14%	1.6
US		Southern Co NYSE:SO	19.3	31%	0.6
ES		Iberdrola SA MAD:IBE	12.8	24%	0.5
US		Duke Energy Corp NYSE:DUK	19.8	93%	0.2
IT		Enel SpA MIL:ENEL	7.9	112%	0.1
US		Constellation Energy Corp NASDAQ:CEG	25	93%	0.3
US		PG&E Corp NYSE:PCG	18.9	91%	0.2
US		American Electric Power Company Inc NASDAQ:AEP	18.7	53%	0.4
FR		Electricite de France SA PAR:EDF	Negative Multiple: -2.5	N/A	N/A
DK	O	Oersted A/S SWB:D2G	58.2	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
BR		Companhia de Eletricidade do Estado da Bahia Coelba BOVESPA:CEEB3	Average EV/EBITDA: 11.5 3.5	N/A	N/A
US		Nextera Energy Inc NYSE:NEE	15.3	24%	0.6
US		Southern Co NYSE:SO	12.4	28%	0.4
ES		Iberdrola SA MAD:IBE	7	16%	0.4
US		Duke Energy Corp NYSE:DUK	11.7	25%	0.5
IT		Enel SpA MIL:ENEL	4	1%	4.7
US		Constellation Energy Corp NASDAQ:CEG	12.8	28%	0.5
US		PG&E Corp NYSE:PCG	11.8	60%	0.2
US		American Electric Power Company Inc NASDAQ:AEP	12.4	38%	0.3
FR		Electricite de France SA PAR:EDF	Negative Multiple: -5.4	N/A	N/A
DK	O	Oersted A/S SWB:D2G	24.3	153%	0.2

				EBIT Growth	EV/EBIT to Growth
BR		Companhia de Eletricidade do Estado da Bahia Coelba BOVESPA:CEEB3	Average EV/EBIT: 18 4.4	N/A	N/A
US		Nextera Energy Inc NYSE:NEE	25.9	26%	1
US		Southern Co NYSE:SO	21.7	46%	0.5
ES		Iberdrola SA MAD:IBE	10.6	21%	0.5
US		Duke Energy Corp NYSE:DUK	21.3	35%	0.6
IT		Enel SpA MIL:ENEL	5.4	1%	3.8
US		Constellation Energy Corp NASDAQ:CEG	23.3	161%	0.1
US		PG&E Corp NYSE:PCG	20.9	99%	0.2
US		American Electric Power Company Inc NASDAQ:AEP	22.4	56%	0.4
FR		Electricite de France SA PAR:EDF	Negative Multiple: -3.2	N/A	N/A
DK	O	Oersted A/S SWB:D2G	24.3	64%	0.4

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

	Johnson & Johnson NYSE:JNJ	US
	Berkshire Hathaway Inc NYSE:BRK.A	US
	Bank of America Corp NYSE:BAC	US
	Mastercard Inc NYSE:MA	US
	UnitedHealth Group Inc NYSE:UNH	US
	Exxon Mobil Corp NYSE:XOM	US
	Pfizer Inc NYSE:PFE	US
	Palantir Technologies Inc NYSE:PLTR	US
	Nike Inc NYSE:NKE	US
	Visa Inc NYSE:V	US
	Alibaba Group Holding Ltd NYSE:BABA	CN
	3M Co NYSE:MMM	US
	JPMorgan Chase & Co NYSE:JPM	US
	Coca-Cola Co NYSE:KO	US
	Walmart Inc NYSE:WMT	US
	Verizon Communications Inc NYSE:VZ	US

	Franklin Covey Co NYSE:FC	36.42 USD 0.03%
	Mohawk Industries Inc NYSE:MHK	119.54 USD 0.32%
	Ardmore Shipping Corp NYSE:ASC	11.88 USD 5.04%
	ASGN Inc NYSE:ASGN	83.37 USD -0.6%
	Skyworks Solutions Inc NASDAQ:SWKS	90.19 USD 1.62%
	Weatherford International PLC NASDAQ:WFRD	67.715 USD 0.92%

	Johnson & Johnson NYSE:JNJ	145.27 USD 0.55%
	Bank of America Corp NYSE:BAC	43.89 USD -0.63%
	Mastercard Inc NYSE:MA	528.96 USD 0.18%
	Salesforce Inc NYSE:CRM	342.9 USD -0.22%
	Abbvie Inc NYSE:ABBV	178.39 USD 1.6%
	Home Depot Inc NYSE:HD	392.45 USD -0.04%

	Arista Networks Inc NYSE:ANET	113.09 USD 0.25%
	Visa Inc NYSE:V	317.22 USD -0.15%
	Texas Pacific Land Corp NYSE:TPL	1 139.45 USD 0.56%
	KLA Corp NASDAQ:KLAC	647.99 USD 2.96%
	Manhattan Associates Inc NASDAQ:MANH	278.82 USD -0.51%
	Pinduoduo Inc NASDAQ:PDD	100.58 USD 1.08%

Companhia de Eletricidade do Estado da Bahia Coelba
BOVESPA:CEEB3

Relative Value

Valuation Multiples

Multiples Across Competitors

CEEB3 Competitors Multiples
Companhia de Eletricidade do Estado da Bahia Coelba Competitors

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52 Week Range	37.5 41.3
Price Target

Companhia de Eletricidade do Estado da Bahia Coelba BOVESPA:CEEB3

Relative Value

Valuation Multiples

Multiples Across Competitors

CEEB3 Competitors Multiples Companhia de Eletricidade do Estado da Bahia Coelba Competitors

See Also

Company

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Stocks

Companhia de Eletricidade do Estado da Bahia Coelba
BOVESPA:CEEB3

CEEB3 Competitors Multiples
Companhia de Eletricidade do Estado da Bahia Coelba Competitors