COCE3 (COCE3) Fair Value & Analysis
Utilities · BR · Market cap R$2.9B
Fair value as of: Jul 5, 2026
From 16 valuation models · updated today
Fair value updated Jul 5, 2026 — revised from R$184.09 to R$78.23 (−57.5%) since Jun 24, 2026. Share price −4.8% over the past month.
Price vs Fair Value (12 months)
12‑month range R$26.00 – R$48.80 · fair‑value band R$49.97 – R$97.78 · the R$31.72 price screens below the R$78.23 fair value. As of Jul 5, 2026.
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COCE3 (COCE3) currently trades at R$31.72, while our model-based Fair Value estimate is R$78.23 — implying the stock looks roughly 146.6% undervalued today. We read business quality at 40/100 (below-average 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, COCE3 generated revenue of R$9.6B at a net margin of 5.3%. Revenue grew 21.9% year over year. It earns a return on equity of 9.4%. Net debt stands at R$5.9B. Fundamentals as of Jul 5, 2026
Our scenario range runs from R$49.97 (bear case) to R$97.78 (bull case); at R$31.72, the current price sits below that range. The share trades about 35% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -46% fair-value upside — at 147%, COCE3 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 Energética do Ceará " COELCE distributes electricity in Brazil. It operates in 184 municipalities in the state of Ceará in Brazil. Companhia Energética do Ceará is headquartered in Fortaleza, Brazil. Companhia Energética do Ceará - COELCE is a subsidiary of Enel Brazil S.A.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
COCE3 reported revenue of R$9.2B in FY2025 versus R$8.1B in FY2021, a compound +3.1%/yr. Reported net income was R$394M in FY2025, compounding −5.2%/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 | $86.08 | $30.24 | -65% |
| The Southern Company SO | $94.02 | $40.76 | -57% |
| Duke Energy Corporation DUK | $125.04 | $67.29 | -46% |
| National Grid plc NGG | 61,175 ARS | 43,169 ARS | -29% |
| American Electric Power Company A1EP34 | R$333.63 | R$185.68 | -44% |
| Dominion Energy, Inc D | $66.50 | $48.26 | -27% |
| Entergy Corporation ETR | $110.48 | $39.57 | -64% |
| Xcel Energy Inc X1EL34 | R$201.47 | R$18.60 | -91% |
| Exelon Corporation E1XC34 | R$236.88 | R$42.14 | -82% |
| Endesa, S.A ELEZY | $22.33 | $15.08 | -32% |
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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.