Companhia de Eletricidade do Estado da Bahia - COELBA (CEEB3) Fair Value & Analysis
Utilities · BR · Market cap R$12.3B
Fair value as of: Jul 5, 2026
From 25 valuation models · updated today
Fair value updated Jul 5, 2026 — revised from R$229.71 to R$128.37 (−44.1%) since Jun 24, 2026. Share price −3.6% over the past month.
Price vs Fair Value (12 months)
12‑month range R$31.61 – R$50.00 · fair‑value band R$54.66 – R$161.64 · the R$45.31 price screens below the R$128.37 fair value. As of Jul 5, 2026.
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Companhia de Eletricidade do Estado da Bahia - COELBA (CEEB3) currently trades at R$45.31, while our model-based Fair Value estimate is R$128.37 — implying the stock looks roughly 183.3% undervalued today. We read business quality at 55/100 (solid quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Companhia de Eletricidade do Estado da Bahia - COELBA generated revenue of R$18.4B at a net margin of 10.6%. Revenue grew 0.5% year over year. It earns a return on equity of 25.6%. Net debt stands at R$18.0B. Fundamentals as of Jul 5, 2026
Our scenario range runs from R$54.66 (bear case) to R$161.64 (bull case); at R$45.31, the current price sits below that range. The share trades about 11% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -37% fair-value upside — at 183%, CEEB3 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.
About the company
Companhia de Eletricidade do Estado da Bahia - COELBA engages in the distribution of electricity. The company was founded in 1960 and is headquartered in Salvador, Brazil. Companhia de Eletricidade do Estado da Bahia - COELBA operates as a subsidiary of Iberdrola, S.A.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Companhia de Eletricidade do Estado da Bahia - COELBA reported revenue of R$18.4B in FY2025 versus R$13.0B in FY2021, a compound +9.1%/yr. Reported net income was R$2.0B in FY2025, compounding +4.0%/yr from FY2021.
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Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jul 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $85.84 | $29.63 | -65% |
| The Southern Company SO | $93.43 | $58.74 | -37% |
| Duke Energy Corporation DUK | $123.52 | $96.52 | -22% |
| National Grid plc NGG | 61,175 ARS | 43,418 ARS | -29% |
| American Electric Power Company A1EP34 | R$324.00 | R$48.73 | -85% |
| Dominion Energy, Inc D | $66.77 | $48.26 | -28% |
| Entergy Corporation ETR | $112.20 | $39.57 | -65% |
| Xcel Energy Inc X1EL34 | R$201.47 | R$18.60 | -91% |
| Exelon Corporation E1XC34 | R$232.84 | R$74.72 | -68% |
| Endesa, S.A ELEZY | $21.98 | $14.91 | -32% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.