Companhia Paranaense de Energia (ELPC)
Utilities · NYQ · US
Fundamentals
Valuation and ratings
Companhia Paranaense de Energia trades at USD11.45, close to the USD10.26 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 43 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 16.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Companhia Paranaense de Energia
Companhia Paranaense de Energia - COPEL, together with its subsidiaries, engages in the research, study, planning, construction, production, transformation, transportation, distribution, and commercialization of electricity in Brazil. The company operates through three segments: Generation and Transmission of Electrical Energy; Electrical Energy Distribution; and Commercialization. It produces electricity from hydroelectric and wind power; and constructs, operates, and maintains substations, as well as lines for energy transmission. The company was formerly known as Companhia Paranaense de Energia Elétrica and changed its name to Companhia Paranaense de Energia - COPEL in October 1979. Companhia Paranaense de Energia - COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.
ELPC passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Smart money ownership
4 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$1.43M · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$701.8K · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$556.3K · 0.0% of book
- Marshall Wace, MARSHALL WACE, LLP$432.6K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Companhia Paranaense de Energia (ELPC) undervalued?
Against our discounted cash flow estimate of USD10.26, ELPC at USD11.45 is 10% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own ELPC?
4 of the institutions we track reported a position in ELPC in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is ELPC's P/E ratio?
ELPC trades at 16.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for ELPC, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.