Afluente Transmissão de Energia Elétrica S.A (AFLT3) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Afluente Transmissão de Energia Elétrica S.A BRL 6.02, price BRL 7.33, upside -17.9%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range R$5.75 – R$8.49 · fair‑value band R$4.79 – R$7.60 · the R$7.33 price screens above the R$6.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Afluente Transmissão de Energia Elétrica S.A. engages in the planning, projection, construction, maintenance, and operation of electric power transmission systems, lines, substations and control centers in Brazil.
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Afluente Transmissão de Energia Elétrica S.A. engages in the planning, projection, construction, maintenance, and operation of electric power transmission systems, lines, substations and control centers in Brazil. The company operates the substations of Tomba, Funil, Brumado II, Itagibá, Ford, Pólo and Camaçari in the state of Bahia with an installed capacity of 600 MVA and transmission line of 489.1 kilometers. It is also involved in the infrastructure and services activities. The company was incorporated in 2008 and is headquartered in Rio De Janeiro, Brazil. Afluente Transmissão de Energia Elétrica S.A. is a subsidiary of Neoenergia S.A.
Stock analysis
Afluente Transmissão de Energia Elétrica S.A (AFLT3) currently trades at R$7.33, while our model-based Fair Value estimate is R$6.02, implying the stock looks roughly 21.8% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of R$7.79 per share, and 3 of the 24 models we run sit above the R$7.33 price.
Bear case: the Asset-Based group reads lowest at R$2.63, and 21 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: R$4.79 (bear) to R$7.60 (bull), the price of R$7.33 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Afluente Transmissão de Energia Elétrica S.A reported revenue of R$49.2M in FY2025 versus R$120M in FY2021, a compound −20.0%/yr. Reported net income was R$23.8M in FY2025, compounding −30.1%/yr from FY2021.
Key figures
Market cap R$462M (≈ $89.1M) · P/E ratio 13.8 · P/S ratio 6.70 · EPS (TTM) R$0.5300 · Dividend yield 1.9% · Net margin 48.5% · Return on equity 12.7% · Return on assets (EBIT) 16.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 10% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −34% fair-value upside, at −18%, AFLT3 screens cheaper than that median.
Fair Value models
Bear R$4.79Fair Value R$6.02Bull R$7.60
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$0.2849 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−42.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−12.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
Start year 2020 (pandemic). Over 10 years: +6.0% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
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What shareholders gained per year (last 5 years), in BRL ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in BRL: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+0.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.2%
Dividend (yield on the price)1.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1% vs 5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.53% → 66%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Brazil: IMF forecast 3.3% a year to 2030, 5.4% from 2016 to 2025) that is about −0.7% a year for the price.
Compare Afluente Transmissão de Energia Elétrica S.A with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 159 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−18% · Below median
Profitability
Return on equity (TTM)13% · Above median
Return on assets8% · Top 25%
Net margin (TTM)51% · Top 25%
Operating margin (TTM)78% · Top 25%
Growth and dividend
Revenue growth142% · Top 25%
Dividend yield (TTM)1.9% · Below median
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Afluente Transmissão de Energia Elétrica S.A Fair Value". https://www.fairvalue-calculator.com/stock/AFLT3
Frequently asked questions
Is Afluente Transmissão de Energia Elétrica S.A (AFLT3) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of R$6.02 versus a price of R$7.33, about −18% upside (overvalued).
What is the fair value of AFLT3?
Our model-based fair value for Afluente Transmissão de Energia Elétrica S.A is R$6.02 (as of Sep 24, 2026), built from audited fundamentals. The current price: R$7.33.
What is the quality score of AFLT3?
Afluente Transmissão de Energia Elétrica S.A has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
Our model-based price target is the fair value of R$6.02 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario R$4.79, optimistic scenario R$7.60. It is a calculation from audited fundamentals, not an analyst target.
What is the Afluente Transmissão de Energia Elétrica S.A stock forecast for 2026?
Our models put fair value at R$6.02, about −18% upside versus a price of R$7.33 (overvalued). Cautious scenario R$4.79, optimistic scenario R$7.60. The calculation is refreshed regularly with new filings.
What is the revenue of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
Afluente Transmissão de Energia Elétrica S.A reported trailing-twelve-month revenue of about R$64.0M (latest available figure, as of Sep 24, 2026).
Does Afluente Transmissão de Energia Elétrica S.A pay a dividend?
Afluente Transmissão de Energia Elétrica S.A currently shows a dividend yield of about 1.94% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
For today's price to be fair in a discounted-cash-flow model, Afluente Transmissão de Energia Elétrica S.A would have to grow free cash flow by +2.6 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of AFLT3 use?
Our models discount Afluente Transmissão de Energia Elétrica S.A at 14.2 %: a base by market capitalisation (micro), damped by beta 0.13, country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Afluente Transmissão de Energia Elétrica S.A that is +2.6 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has Afluente Transmissão de Energia Elétrica S.A (AFLT3) delivered so far?
Over the past 5 years revenue at Afluente Transmissão de Energia Elétrica S.A grew +6.5 % a year. The price currently implies +2.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Afluente Transmissão de Energia Elétrica S.A (AFLT3) growing?
The median revenue growth in the sector is +0.7 % a year. That is the yardstick for the growth priced into Afluente Transmissão de Energia Elétrica S.A (+2.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
The free-cash-flow yield on the price is 10.16 %: that much free cash flow Afluente Transmissão de Energia Elétrica S.A produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Afluente Transmissão de Energia Elétrica S.A it is R$6.02 per share (as of Sep 24, 2026), against a price of R$7.33. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Afluente Transmissão de Energia Elétrica S.A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AFLT3 trades above its calculated fair value: price R$7.33, fair value R$6.02, a gap of about −18% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AFLT3?
No. The price is what the market pays today (R$7.33); the fair value is what the company's own numbers justify (R$6.02). For Afluente Transmissão de Energia Elétrica S.A the two are R$1.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is Afluente Transmissão de Energia Elétrica S.A worth?
The market values Afluente Transmissão de Energia Elétrica S.A at about R$462M (market capitalisation, as of Sep 24, 2026). Per share that is R$7.33; our models calculate a fair value of R$6.02 per share.
What do the bullish and bearish scenarios say about AFLT3?
Our models span a range for Afluente Transmissão de Energia Elétrica S.A: cautious scenario R$4.79, base R$6.02, optimistic R$7.60 per share (as of Sep 24, 2026, price R$7.33). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AFLT3?
Afluente Transmissão de Energia Elétrica S.A trades at a price-to-earnings ratio of 13.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$6.02 is built from several models across several years. Other multiples: P/B 0.4, P/S 1.4, EV/EBITDA 2.0.
How solid is the balance sheet of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
Balance-sheet figures for Afluente Transmissão de Energia Elétrica S.A (as of Sep 24, 2026): return on equity 12.7%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is AFLT3 from its 52-week high?
Afluente Transmissão de Energia Elétrica S.A trades at R$7.33, about 6% below its 52-week high of R$7.79 and 10% above the low of R$6.65 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of R$6.02 is for.
Which stocks are comparable to Afluente Transmissão de Energia Elétrica S.A?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Afluente Transmissão de Energia Elétrica S.A stock attractive at the current price?
The data as of Sep 24, 2026: price R$7.33, calculated fair value R$6.02 (−18%), Quality Score 73/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AFLT3 calculated?
We run Afluente Transmissão de Energia Elétrica S.A through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$6.02, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Afluente Transmissão de Energia Elétrica S.A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
The closing price on Sep 23, 2026 was R$7.33. Our model-based fair value is R$6.02, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Afluente Transmissão de Energia Elétrica S.A right now?
A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Afluente Transmissão de Energia Elétrica S.A
How large is the market capitalisation of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
The market capitalisation of Afluente Transmissão de Energia Elétrica S.A is R$462M (≈ $89.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
The price-to-sales ratio of Afluente Transmissão de Energia Elétrica S.A is 6.70 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
Earnings per share at Afluente Transmissão de Energia Elétrica S.A are R$0.5300 (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
The dividend yield of Afluente Transmissão de Energia Elétrica S.A is 1.9% (payout 26.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
The net margin of Afluente Transmissão de Energia Elétrica S.A is 48.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
The return on equity (ROE) of Afluente Transmissão de Energia Elétrica S.A is 12.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
On an EBIT basis the return on assets of Afluente Transmissão de Energia Elétrica S.A is 16.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
The operating margin of Afluente Transmissão de Energia Elétrica S.A is 77.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
Revenue at Afluente Transmissão de Energia Elétrica S.A is growing +142% versus a year earlier (3y avg −12.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Afluente Transmissão de Energia Elétrica S.A (AFLT3)?
Earnings per share at Afluente Transmissão de Energia Elétrica S.A are growing +229% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Afluente Transmissão de Energia Elétrica S.A (AFLT3) carry?
The net debt of Afluente Transmissão de Energia Elétrica S.A is R$23.5M (fiscal year 2024, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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