Engie Brasil Energia S.A. (EGIE3) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Engie Brasil Energia S.A. stock BRL 29.89, price BRL 27.42, upside +9.0%, quality 41 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range R$13.19 – R$37.14 · fair‑value band R$18.87 – R$43.87 · the R$27.42 price screens below the R$29.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Engie Brasil Energia S.A., together with its subsidiaries, engages in the generation, commercialization, trading, and transmission activities in Brazil. The company also engages in the gas transportation business.
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As of December 31, 2025, it operates a generating park of 12,384.5 MW comprising 133 plants, including 13 hydroelectric plants and 120 complementary plants, as well as one biomass plant, 88 wind plant, two hydroelectric plants, and 29 solar plants.
The company was founded in 2005 and is based in Florianópolis, Brazil. Engie Brasil Energia S.A. is a subsidiary of ENGIE Brasil Participações Ltda.
Stock analysis
Engie Brasil Energia S.A. (EGIE3) currently trades at R$27.42, while our model-based Fair Value estimate is R$29.89, so the stock looks roughly fairly valued today (gap 8.3%).
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Valuation
Bull case: the DCF Models group reads highest at a median of R$28.80 per share, and 8 of the 26 models we run sit above the R$27.42 price.
Bear case: the Asset-Based group reads lowest at R$3.45, and 18 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: R$18.87 (bear) to R$43.87 (bull), the price of R$27.42 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 41/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Engie Brasil Energia S.A. reported revenue of R$12.9B in FY2025 versus R$12.5B in FY2021, a compound +0.6%/yr. Reported net income was R$2.6B in FY2025, compounding +13.4%/yr from FY2021.
Key figures
Market cap R$39.2B (≈ $7.1B) Mid · P/E ratio 8.0 · P/S ratio 2.87 · EPS (TTM) R$3.44 · Dividend yield 4.1% · Net margin 28.9% · Return on equity 28.6% · Return on assets (EBIT) 12.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at 9%, EGIE3 screens cheaper than that median.
Fair Value models
BearR$18.87Fair Value R$29.89BullR$43.87
Price R$27.42 · Upside +9.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (R$2.00 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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 weak: less than 2 % a year.
Revenue growth 1 year
+14.6%
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.
+2.6%
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.
+1.0%
Start year 2020 (pandemic). Over 10 years: +7.0% a year
Revenue growth 24 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.
+7.9%
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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. Basis: EBIT basis. 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.
−1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.4%
Dividend (yield on the price)4.1%
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.−4.4% vs 2.1%, 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.42% → 43%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+17.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−1.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (Brazil: IMF forecast 3.3% a year to 2030, 5.4% from 2016 to 2025) that is about +13.8% a year for the price and −4.5% for the forecasts.
AI conclusion: Moderate positioning in regulated renewables supports stability via contracted hydro capacity, yet elevated debt and absent moat evidence constrain durability.
Main risk: Growth in distributed solar generation could intensify structural oversupply and curtailment by the ONS, reducing output and margins for Engie Brasil's centralized hydro, wind and solar assets.
Bull case: By prioritising transmission investments, selective hydro acquisitions and sector consolidation, Engie Brasil could mitigate curtailment exposure and secure longer-term contracted capacity.
Bear case: If distributed generation incentives remain unchecked and curtailment persists, new renewable investments could stall while expiring concessions force lower prices, squeezing cash generation from the core portfolio.
Engie Brasil is advancing a share offering to fold a major hydro asset into its renewable portfolio. The move expands contracted capacity in a core part of the business but introduces new equity and integration considerations. Does the added scale and stability strengthen long-term cash generation more than any near-term effects on returns for current holders?
Compare Engie Brasil Energia 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 - Renewable · 214 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside+9.0% · Above median
Profitability
Return on equity (12 months)28.6% · Top 25%
Return on assets4.7% · Top 25%
Net margin (12 months)28.9% · Top 25%
Operating margin (12 months)46.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)13.8% · Above median
Dividend yield (12 months)4.1% · Above median
Balance sheet
Debt / equity2.05× · Highest 25%
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/E (12 months)8.0× · Cheapest 25%
P/B3.07× · Priciest 25%
P/S (12 months)2.87× · Pricier than median
Price / free cash flow (fiscal year)17.1× · Pricier than median
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). "Engie Brasil Energia S.A. Fair Value". https://www.fairvalue-calculator.com/stock/EGIE3
Frequently asked questions
Is Engie Brasil Energia S.A. (EGIE3) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of R$29.89 versus a price of R$27.42, about +9% upside (fairly valued).
What is the fair value of EGIE3?
Our model-based fair value for Engie Brasil Energia S.A. is R$29.89 (as of Nov 8, 2026), built from audited fundamentals. The current price: R$27.42.
What is the quality score of EGIE3?
Engie Brasil Energia S.A. has a Quality Score of 41/100. 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 Engie Brasil Energia S.A. (EGIE3)?
Our model-based price target is the fair value of R$29.89 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario R$18.87, optimistic scenario R$43.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Engie Brasil Energia S.A. stock forecast for 2026?
Our models put fair value at R$29.89, about +9% upside versus a price of R$27.42 (fairly valued). Cautious scenario R$18.87, optimistic scenario R$43.87. The calculation is refreshed regularly with new filings.
What is the revenue of Engie Brasil Energia S.A. (EGIE3)?
Engie Brasil Energia S.A. reported trailing-twelve-month revenue of about R$13.7B (latest available figure, as of Nov 8, 2026).
Does Engie Brasil Energia S.A. pay a dividend?
Engie Brasil Energia S.A. currently shows a dividend yield of 4.08% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Engie Brasil Energia S.A. (EGIE3) and when is the ex-dividend date?
Engie Brasil Energia S.A. pays a dividend of R$1.12 per share a year, a dividend yield of 4.1%. The last ex-dividend date was Aug 21, 2026. A dividend has been paid every year since at least 2005. The payout ratio is 32.6% of earnings. Free cash flow covers the dividend 1.45 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Engie Brasil Energia S.A. (EGIE3)?
For today's price to be fair in a discounted-cash-flow model, Engie Brasil Energia S.A. would have to grow free cash flow by +17.6 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of EGIE3 use?
Our models discount Engie Brasil Energia S.A. at 11.2 %: a base by market capitalisation (mid), damped by beta 0.32, 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 Engie Brasil Energia S.A. that is +17.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Engie Brasil Energia S.A. (EGIE3) delivered so far?
Over the past 5 years revenue at Engie Brasil Energia S.A. grew +1.0 % a year. The price currently implies free-cash-flow growth of +17.6 % per 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 Engie Brasil Energia S.A. (EGIE3) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Engie Brasil Energia S.A. (+17.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Engie Brasil Energia S.A. (EGIE3)?
The free-cash-flow yield on the price is 7.28 %: that much free cash flow Engie Brasil Energia S.A. produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Engie Brasil Energia S.A. (EGIE3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Engie Brasil Energia S.A. it is R$29.89 per share (as of Nov 8, 2026), against a price of R$27.42. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Engie Brasil Energia S.A. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, EGIE3 trades below its calculated fair value: price R$27.42, fair value R$29.89, a gap of about +9% (fairly valued). 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 EGIE3?
No. The price is what the market pays today (R$27.42); the fair value is what the company's own numbers justify (R$29.89). For Engie Brasil Energia S.A. the two are R$2.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Engie Brasil Energia S.A. worth?
The market values Engie Brasil Energia S.A. at about R$39.2B (market capitalisation, as of Nov 8, 2026). Per share that is R$27.42; our models calculate a fair value of R$29.89 per share.
What do the bullish and bearish scenarios say about EGIE3?
Our models span a range for Engie Brasil Energia S.A.: cautious scenario R$18.87, base R$29.89, optimistic R$43.87 per share (as of Nov 8, 2026, price R$27.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EGIE3?
Engie Brasil Energia S.A. trades at a price-to-earnings ratio of 8.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$29.89 is built from several models across several years. Other multiples: PEG 1.4, P/B 3.1, P/S 2.9, EV/EBITDA 8.3.
What is the PEG ratio of EGIE3?
The PEG ratio of Engie Brasil Energia S.A. is 1.38 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Engie Brasil Energia S.A. (EGIE3)?
Balance-sheet figures for Engie Brasil Energia S.A. (as of Nov 8, 2026): return on equity 28.6%, debt of 2.05 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is EGIE3 from its 52-week high?
Engie Brasil Energia S.A. trades at R$27.42, about 26% below its 52-week high of R$37.14 and 5% above the low of R$26.12 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of R$29.89 is for.
Which stocks are comparable to Engie Brasil Energia S.A.?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, VERBUND AG, 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 Engie Brasil Energia S.A. stock attractive at the current price?
The data as of Nov 8, 2026: price R$27.42, calculated fair value R$29.89 (+9%), Quality Score 41/100, from 26 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 EGIE3 calculated?
We run Engie Brasil Energia S.A. through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of R$29.89 builds on their evidence-weighted average, 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 15.1% above its aggregate fair value. Engie Brasil Energia S.A. currently trades 8% below its own fair value, and the market average says nothing about that. 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 Engie Brasil Energia S.A. (EGIE3)?
The closing price on Nov 10, 2026 was R$27.42. Our model-based fair value is R$29.89, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Engie Brasil Energia S.A. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (R$18.87 to R$43.87) leaves room in how you read the outcome.
Where does the earnings growth of Engie Brasil Energia S.A. (EGIE3) come from?
Earnings per share at Engie Brasil Energia S.A. grew +8.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.2 %, EBIT margin +2.8 %, tax rate +0.5 %, residual (interest, one-offs) −0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Engie Brasil Energia S.A.
How large is the market capitalisation of Engie Brasil Energia S.A. (EGIE3)?
The market capitalisation of Engie Brasil Energia S.A. is R$39.2B (≈ $7.1B). 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 Engie Brasil Energia S.A. (EGIE3)?
The price-to-sales ratio of Engie Brasil Energia S.A. is 2.87 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Engie Brasil Energia S.A. (EGIE3)?
Earnings per share at Engie Brasil Energia S.A. are R$3.44 (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Engie Brasil Energia S.A. (EGIE3)?
The dividend yield of Engie Brasil Energia S.A. is 4.1% (payout 32.6%). 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 Engie Brasil Energia S.A. (EGIE3)?
The net margin of Engie Brasil Energia S.A. is 28.9% (last twelve months). 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 Engie Brasil Energia S.A. (EGIE3)?
The return on equity (ROE) of Engie Brasil Energia S.A. is 28.6% (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 Engie Brasil Energia S.A. (EGIE3)?
On an EBIT basis the return on assets of Engie Brasil Energia S.A. is 12.5% (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 Engie Brasil Energia S.A. (EGIE3)?
The operating margin of Engie Brasil Energia S.A. is 46.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Engie Brasil Energia S.A. (EGIE3)?
Revenue at Engie Brasil Energia S.A. is growing +13.8% versus a year earlier (3y avg +2.6%). 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 Engie Brasil Energia S.A. (EGIE3)?
Earnings per share at Engie Brasil Energia S.A. are growing +270% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Engie Brasil Energia S.A. (EGIE3) carry?
The net debt of Engie Brasil Energia S.A. is R$31.3B (fiscal year 2025, ≈ 13.6 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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Broad data
Nov 8, 2026