Overview Dividends

(EBR) Centrais Electricas - Ratings and Ratios

Exchange: NYSE • Country: Brazil • Currency: USD • Type: Common Stock • ISIN: US15234Q2075

Electricity, Transmission, Hydroelectric, Thermoelectric, Nuclear

Electric Utilities
Market Cap in USD: 24,817m

IPO / Inception: 2008-11-07
Return 12m vs S&P 500: 53.2%

EPS (Earnings per Share)

EPS CAGR: 29.85%
EPS Trend: -26.8%

Last SUE: 0.23
Qual. Beats: 0

Revenue

Rev. CAGR: -4.17%
Rev. Trend: 41.9%

Last SUE: -0.01
Qual. Beats: 0

Dividends

Dividend Yield	10.80%
Yield on Cost 5y	17.35%
Yield CAGR 5y	-8.02%
Payout Consistency	55.7%
Payout Ratio	6.6%

Risk via 5d forecast
Volatility	49.1%
Value at Risk 5%th	79.8%
Relative Tail Risk	-1.23%

Reward TTM
Sharpe Ratio	1.59
Alpha	68.51
CAGR/Max DD	0.23

Character TTM
Hurst Exponent	0.483
Beta	0.421
Beta Downside	0.359

Drawdowns 3y
Max DD	38.66%
Mean DD	14.42%
Median DD	15.09%

Description: EBR Centrais Electricas December 19, 2025

Centrais Elétricas Brasileiras S.A. (Eletrobrás) is Brazil’s largest state-controlled utility, operating across generation, transmission, and electricity commercialization. Its generation mix spans hydro, thermoelectric, nuclear, wind, and solar assets, and it manages 44 hydroelectric plants with a combined installed capacity of roughly 42,300 MW and a transmission network of about 66,500 km.

Key metrics as of FY 2024 show an EBITDA of US$ 9.2 billion and a net debt-to-EBITDA ratio near 1.8×, reflecting the capital-intensive nature of the sector. The company’s capacity factor averages 55 % for hydro and 30 % for thermoelectric units, while Brazil’s electricity demand is growing at ~3 % annually, driven by industrial expansion and rising residential consumption. Regulatory risk remains material, as tariffs are set by the Agência Nacional de Energia Elétrica (ANEEL) and are sensitive to inflation and foreign-exchange movements.

For a deeper, data-driven view of EBR’s valuation dynamics, you may find the analyst tools on ValueRay worth exploring.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (-5.79b TTM) > 0 and > 6% of Revenue (6% = 2.56b TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 3.64pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 58.78% (prev 74.37%; Δ -15.59pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 16.76b > Net Income -5.79b (YES >=105%, WARN >=100%)

Net Debt (56.82b) to EBITDA (5.18b) ratio: 10.97 <= 3.0 (WARN <= 3.5)

Current Ratio 1.92 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (2.25b) change vs 12m ago -1.22% (target <= -2.0% for YES)

Gross Margin 42.73% (prev 80.74%; Δ -38.00pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 15.61% (prev 13.61%; Δ 2.00pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.09 (EBITDA TTM 5.18b / Interest Expense TTM 8.16b) >= 6 (WARN >= 3)

Altman Z'' 1.71

(A) 0.09 = (Total Current Assets 52.37b - Total Current Liabilities 27.31b) / Total Assets 266.50b

(B) 0.12 = Retained Earnings (Balance) 32.79b / Total Assets 266.50b

(D) 0.64 = Book Value of Equity 101.08b / Total Liabilities 157.16b

Total Rating: 1.71 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 53.62

1. Piotroski 3.50pt

2. FCF Yield 7.52%

3. FCF Margin 33.17%

4. Debt/Equity 0.69

5. Debt/Ebitda 10.97

6. ROIC - WACC (= -5.51)%

7. RoE -4.91%

8. Rev. Trend 41.86%

9. EPS Trend -26.76%

What is the price of EBR shares?

As of December 24, 2025, the stock is trading at USD 9.05 with a total of 2,058,898 shares traded.
Over the past week, the price has changed by -21.71%, over one month by -20.75%, over three months by -3.13% and over the past year by +79.33%.

Is EBR a buy, sell or hold?

Centrais Electricas has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy EBR.

Strong Buy: 2
Buy: 1
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the EBR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	12.4	36.7%
Analysts Target Price	12.4	36.7%
ValueRay Target Price	11.5	26.7%

EBR Fundamental Data Overview December 20, 2025

Market Cap BRL = 137.55b (24.82b USD * 5.5425 USD.BRL)
P/E Trailing = 20.4259
P/E Forward = 18.0832
P/S = 0.582
P/B = 1.3018
Beta = 0.303
Revenue TTM = 42.64b BRL
EBIT TTM = 764.3m BRL
EBITDA TTM = 5.18b BRL
Long Term Debt = 59.63b BRL (from longTermDebt, last quarter)
Short Term Debt = 15.04b BRL (from shortTermDebt, last quarter)
Debt = 75.32b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 56.82b BRL (from netDebt column, last quarter)
Enterprise Value = 188.22b BRL (137.55b + Debt 75.32b - CCE 24.65b)
Interest Coverage Ratio = 0.09 (Ebit TTM 764.3m / Interest Expense TTM 8.16b)
FCF Yield = 7.52% (FCF TTM 14.15b / Enterprise Value 188.22b)
FCF Margin = 33.17% (FCF TTM 14.15b / Revenue TTM 42.64b)
Net Margin = -13.58% (Net Income TTM -5.79b / Revenue TTM 42.64b)
Gross Margin = 42.73% ((Revenue TTM 42.64b - Cost of Revenue TTM 24.42b) / Revenue TTM)
Gross Margin QoQ = 39.90% (prev 46.86%)
Tobins Q-Ratio = 0.71 (Enterprise Value 188.22b / Total Assets 266.50b)
Interest Expense / Debt = 2.80% (Interest Expense 2.11b / Debt 75.32b)
Taxrate = -4.33% (negative due to tax credits) (221.5m / -5.11b)
NOPAT = 797.4m (EBIT 764.3m * (1 - -4.33%)) [negative tax rate / tax credits]
Current Ratio = 1.92 (Total Current Assets 52.37b / Total Current Liabilities 27.31b)
Debt / Equity = 0.69 (Debt 75.32b / totalStockholderEquity, last quarter 109.29b)
Debt / EBITDA = 10.97 (Net Debt 56.82b / EBITDA 5.18b)
Debt / FCF = 4.02 (Net Debt 56.82b / FCF TTM 14.15b)
Total Stockholder Equity = 117.84b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.17% (Net Income -5.79b / Total Assets 266.50b)
RoE = -4.91% (Net Income TTM -5.79b / Total Stockholder Equity 117.84b)
RoCE = 0.43% (EBIT 764.3m / Capital Employed (Equity 117.84b + L.T.Debt 59.63b))
RoIC = 0.41% (NOPAT 797.4m / Invested Capital 192.17b)
WACC = 5.93% (E(137.55b)/V(212.87b) * Re(7.57%) + D(75.32b)/V(212.87b) * Rd(2.80%) * (1-Tc(-0.04)))
Discount Rate = 7.57% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -0.35%
[DCF Debug] Terminal Value 81.35% ; FCFE base≈10.35b ; Y1≈12.70b ; Y5≈21.39b
Fair Price DCF = 184.3 (DCF Value 364.21b / Shares Outstanding 1.98b; 5y FCF grow 24.25% → 3.0% )
EPS Correlation: -26.76 | EPS CAGR: 29.85% | SUE: 0.23 | # QB: 0
Revenue Correlation: 41.86 | Revenue CAGR: -4.17% | SUE: -0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.20 | Chg30d=+0.005 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.99 | Chg30d=+0.154 | Revisions Net=+1 | Growth EPS=+69.2% | Growth Revenue=+11.3%

Additional Sources for EBR Stock

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