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Brazilian regulated electric utility generating, transmitting and distributing power in the state of Parana.
Brazilian regulated electric utility generating, transmitting and distributing power in the state of Parana.
Distribution tariffs are set by the federal regulator, Aneel, with a full review every few years and annual inflation adjustments, while hydro plants sell power under contracts or in the market. In 2023 the Parana state government sold down its stake, turning it from a state-controlled company into one with no controlling shareholder.
In one line: A Brazilian, hydro-heavy state utility, like a regional Duke Energy.
Moat: narrow (regulatory licence, scale). Regulated concession territory with long-life, low-cost hydroelectric generation assets.
Headquarters: Curitiba, Brazil · Founded: 1954 · Employees: 4,287
Size Companhia Paranaense de Energia Sponsored ADR (ELPC) is a United States Utilities company (Electric Utilities) with a market value of $7.92B, the 893rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.70 on 6 Nov 2026.
Performance Over six months the shares fell 15.1%, against -3.4% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 27.0% over the last twelve months (peer median +7.6%); the operating margin is 19.3% (peer median 13.1%).
Valuation It trades at 16.3× forward earnings against a peer median of 16.9× (9th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.4 points above its cost of capital (6.0% WACC).
Short interest Short interest is 0.2% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.30B | $4.67B | $4.20B | $4.30B | $3.98B |
| Revenue growth | — | +11% | -2% | +8% | — |
| Gross profit | $1.22B | $994M | $895M | $924M | $955M |
| EBITDA | $1.32B | $1.09B | $998M | $967M | $664M |
| Net income | $596M | $481M | $521M | $452M | $215M |
| Free cash flow | $277M | $513M | $604M | $663M | $682M |
| Capital expenditure | $107M | $36.9M | $786M | $43.7M | $75.6M |
| Total debt | $4.55B | $3.71B | $2.84B | $3.14B | $2.41B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Companhia Paranaense de Energia Sponsored ADR ELPC | $7.92B | -15% | +27% | 19% | 16.3× | -5.5% |
| Companhia Energetica de Minas Gerais SA Sponsored ADR Pfd CIG | $6.45B | -23% | +13% | 13% | 9.0× | -1.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ELPC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.9% | +0.5% | lowest of 21 |
| 6-month return | -15.1% | -3.4% | 5th lowest of 21 |
| Distance from 52-week high | -26.3% | -16.9% | 7th lowest of 21 |
| Revenue growth (TTM) | +27.0% | +7.6% | 2nd highest of 21 |
| Operating margin | 19.3% | 13.1% | 8th highest of 21 |
| Forward P/E | 16.3× | 16.9× | 9th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -5.5% | 0.6% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +5.3% | +7.3% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | -10.8 pp | -7.5 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | +3.4 pp | -0.9 pp | 3rd highest of 21 |
| EV / EBITDA | 9.0× | 13.3× | 5th cheapest of 17 |
| Net debt / EBITDA | 3.0× | 5.4× | 6th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Companhia Paranaense de Energia Sponsored ADR ELPC | United States | $7.92B | -15% | +27% | 19% | 16.3× | -5.5% | +5.3% |
| Sembcorp Industries U96.SI | Singapore | $7.91B | -8% | +8% | 11% | 11.5× | n/a | n/a |
| Bkw BKW.SW | Switzerland | $8.12B | -17% | -5% | 11% | 14.1× | 1.6% | +7.4% |
| Inner Mongolia MengDian HuaNeng Thermal Power 600863.SS | China | $7.35B | +16% | -3% | 16% | 18.4× | -1.9% | +6.5% |
| A2A A2A.MI | Italy | $8.55B | +4% | +14% | 8% | 11.9× | 2.8% | +15.6% |
| Huadian Power International 600027.SS | China | $8.61B | +3% | -7% | 6% | 13.2× | -0.4% | +6.3% |
| IDACORP IDA | United States | $8.63B | +2% | +4% | 23% | 21.7× | n/a | n/a |
| SPIC Hydropower 600292.SS | China | $7.26B | -34% | +301% | 28% | 72.6× | -6.8% | +27.0% |
| NHPC NHPC.NS | India | $8.72B | +1% | +12% | 30% | 19.4× | n/a | n/a |
| Capital Power CPX.TO | Canada | $7.13B | -4% | +25% | 10% | 19.5× | 18.9% | +11.8% |
| HK Electric Investments & HK Electric Investments 2638.HK | Hong Kong | $6.99B | -3% | +4% | 42% | 17.1× | 3.5% | +3.1% |
| PGE Polska Grupa Energetyczna PGE.WA | Poland | $9.02B | +47% | -2% | 12% | 5.5× | n/a | n/a |
| Torrent Power TORNTPOWER.NS | India | $6.78B | -26% | +8% | 13% | 23.3× | n/a | n/a |
| Brookfield Renewable Partners LP BEP-UN.TO | Canada | $9.41B | -7% | +7% | 11% | n/a | n/a | n/a |
| Shenergy 600642.SS | China | $6.64B | +1% | -2% | 12% | 12.6× | -1.6% | +7.2% |
| Redeia Corporacion RED.MC | Spain | $9.47B | +8% | +15% | 43% | 16.7× | n/a | n/a |
| Companhia Energetica de Minas Gerais SA Sponsored ADR Pfd CIG | United States | $6.45B | -23% | +13% | 13% | 9.0× | -1.6% | +9.4% |
| TXNM Energy TXNM | United States | $6.41B | -1% | +10% | 24% | 22.5× | n/a | n/a |
| Edison EDNR.MI | Italy | $9.87B | -12% | +6% | 3% | n/a | n/a | n/a |
| Hikari Tsushin 9435.T | Japan | $10.0B | -5% | +7% | 15% | 12.5× | 6.7% | +5.6% |
| JSW Energy JSWENERGY.NS | India | $10.1B | -9% | +26% | 36% | 39.7× | n/a | n/a |