Energisa S.A (ENGI3) fair value: what the stock is really worth
We calculate from audited financials what Energisa S.A is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
Below-average quality, trading 36% below our fair value of R$19.47.
As of Aug 13, 2026, the fair value of Energisa S.A is R$19.47 per share against a price of R$12.39, so the fair value sits 57% above the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +11.9 %/yr)
!Thin margins · 5.3% net margin
!High debt · negative free cash flow
·13.73% dividend yield
✓Ranks above peers (10/13)
!Moderate moat 48/100
!Evidence only medium, so the estimate is less certain
Evidence: MediumRange R$12.14 to R$28.00
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 26 days ago
Fair value updated Aug 13, 2026, revised from R$17.14 to R$19.47 (+13.6%) since Jul 13, 2026. Share price +2.8% over the past month.
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What matters now
The large discount to fair value meets weak quality (24/100). That raises the risk this is a value trap rather than a bargain.
A fairly wide model range (R$12.14 to R$28.00) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range R$8.23 – R$93.54 · fair‑value band R$12.14 – R$28.00 · the R$12.39 price screens below the R$19.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Energisa S.A (ENGI3) currently trades at R$12.39, while our model-based Fair Value estimate is R$19.47, implying the stock looks roughly 36.4% undervalued today. The Quality Score stands at 24/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of R$21.54 per share, and 14 of the 16 models we run sit above the R$12.39 price. Bear case: the Asset-Based group reads lowest at R$5.53, and 2 of the 16 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Energisa S.A generated revenue of R$36.0B at a net margin of 5.3%. Revenue grew 7.0% year over year. It earns a return on equity of 12.1%. Net debt stands at R$43.3B. Fundamentals as of Aug 13, 2026
Scenario range: R$12.14 (bear) to R$28.00 (bull), the price of R$12.39 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 13% below its 52-week high and 37% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −37% fair-value upside, at 57%, ENGI3 screens cheaper than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
Highest evidence
Residual Income best evidenceR$7.60R$8.70R$13.9275
EPVR$9.96R$14.27R$18.0573
ROIC CompounderR$11.29R$23.14R$33.7169
All 16 models by family
Earnings-Based
Graham-DoddR$6.48R$39.00R$54.3663
Lynch FVR$11.13R$15.89R$20.6661
PEG = 1.0R$11.13R$15.89R$20.6657
EPVR$9.96R$14.27R$18.0573
Dividend Discount
Gordon GGMR$10.75R$22.36R$35.4766
DDM Multi-StageR$10.75R$18.86R$23.4766
Multiples
P/E MultipleR$12.86R$17.14R$21.4363
P/S MultipleR$12.14R$16.19R$20.2458
P/B MultipleR$11.15R$14.86R$18.5855
EV/EBITR$18.05R$29.36R$40.6864
EV/EBITDAR$13.57R$23.40R$33.2365
EV/RevenueR$10.77R$22.20R$33.6351
Asset-Based
NCAV (Graham)R$4.13R$5.53R$8.2654
Economic Profit
Residual Income best evidenceR$7.60R$8.70R$13.9275
ROIC CompounderR$11.29R$23.14R$33.7169
Growth Earnings
Growth-Adj P/ER$15.08R$21.54R$28.0067
Widest divergence: Growth Earnings (R$21.54) versus Asset-Based (R$5.53). Highest evidence: Residual Income (75).
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Key figures & financial health
P/E ratio17.1as of Jul 13, 2026
P/S ratio1.07P/E × margin
EPS (TTM)R$0.7200price ÷ EPS = P/E 17.1
Dividend yield13.7%
Net margin6.2%FY2025
Return on equity12.1%TTM
More key figures
Profitability
Return on assets (EBIT)8.2%avg 5y
Operating margin18.1%TTM
Growth
Revenue (TTM)R$36.0BTTM
Revenue growth (YoY)+7.0%3y avg +11.2%
EPS growth (YoY)−40.0%
Balance sheet & cash flow
Free cash flow−R$5.8BFY2025
Net debtR$43.3BFY2025
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality24/100
Of which business quality 23
· Market factors (momentum, volatility) 56
Profitability32
Margins and returns on capital today
Quality Growth43
Are margins and returns improving?
Cashflow6
Earnings quality: real cash, not paper profit
Fin. Strength10
Balance sheet, leverage, solvency risk
Investment21
Disciplined investing over empire-building
Low Volatility80
Calm price path (market factor)
Momentum43
Price trend over the last 3–12 months (market factor)
52W Momentum50
Distance to the 52-week high (market factor)
Net Issuance36
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Energisa S.A., through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydraulic, solar, and wind projects. It also provides natural gas for businesses and vehicular natural gas, as well as value-added services.
Full company description
Energisa S.A., through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydraulic, solar, and wind projects. It also provides natural gas for businesses and vehicular natural gas, as well as value-added services. In addition, the company engages in aerial thermographic inspection and insurance brokerage activities. The company was founded in 1905 and is headquartered in Cataguases, Brazil. Energisa S.A. operates as a subsidiary of Gipar S.A.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Energisa S.A reported revenue of R$35.4B in FY2025 versus R$26.5B in FY2021, a compound +7.6%/yr. Reported net income was R$2.2B in FY2025, compounding −3.9%/yr from FY2021.
Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
R$35.4B
Latest YoY
+5.1%
Avg. revenue growth/yr (3Y) ⓘ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.
+11.2%
Avg. revenue growth/yr (5Y) ⓘ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.
+11.9%
Avg. revenue growth/yr (21Y) ⓘ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.
+19.5%
Value creation/yr (5Y, in BRL) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+17.0%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+3.3%
Dividend yield13.7%
Trend ⓘ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.5Y 3.3% vs 10Y 16.2%, flattening
Operating margin (EBIT) ⓘ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.12.1% (2020) → 19.8% (2025) · rising
Worst earnings drop69% (2019) · in BRL
Revenue+7.6%/yr
FY21R$26.5B
FY22R$25.7B
FY23R$28.5B
FY24R$33.7B
FY25R$35.4B
Net income−3.9%/yr
FY21R$2.6B
FY22R$2.1B
FY23R$1.9B
FY24R$3.8B
FY25R$2.2B
Character of growth · EPS growth decomposed (2014-2025)+23.4 % p.a.
Revenue per share+6.9 %
of which total revenue +12.4 % · buybacks/dilution −4.8 %
EBIT margin+8.2 %
Tax rate−0.4 %
Residual (interest, one-offs)+7.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE100· sector 2
FUTURE35· sector 32
PAST48· sector 38
HEALTH0· sector 53
DIVIDEND100· sector 65
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
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Is Energisa S.A (ENGI3) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of R$19.47 versus a price of R$12.39, about +57% upside (undervalued).
What is the fair value of ENGI3?
Our model-based fair value for Energisa S.A is R$19.47 (as of Aug 13, 2026), built from audited fundamentals. The current price: R$12.39.
What is the quality score of ENGI3?
Energisa S.A has a Quality Score of 24/100. 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 Energisa S.A (ENGI3)?
Our model-based price target is the fair value of R$19.47 (as of Aug 13, 2026) from 16 valuation models. Cautious scenario R$12.14, optimistic scenario R$28.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Energisa S.A stock forecast for 2026?
Our models put fair value at R$19.47, about +57% upside versus a price of R$12.39 (undervalued). Cautious scenario R$12.14, optimistic scenario R$28.00. The calculation is refreshed regularly with new filings.
What is the revenue of Energisa S.A (ENGI3)?
Energisa S.A reported trailing-twelve-month revenue of about R$36.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ENGI3?
The net profit margin of Energisa S.A is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.
Does Energisa S.A pay a dividend?
Energisa S.A currently shows a dividend yield of about 13.73% relative to its recent price (as of Aug 13, 2026).
What is the intrinsic value of Energisa S.A (ENGI3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Energisa S.A it is R$19.47 per share (as of Aug 13, 2026), against a price of R$12.39. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Energisa S.A stock overvalued or undervalued in 2026?
As of Aug 13, 2026, ENGI3 trades below its calculated fair value: price R$12.39, fair value R$19.47, a gap of about +57% (undervalued). 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 ENGI3?
No. The price is what the market pays today (R$12.39); the fair value is what the company's own numbers justify (R$19.47). For Energisa S.A the two are R$7.08 per share apart. That gap is exactly why we show both numbers side by side.
How much is Energisa S.A worth?
The market values Energisa S.A at about R$31.0B (market capitalisation, as of Aug 13, 2026). Per share that is R$12.39; our models calculate a fair value of R$19.47 per share.
What do the bullish and bearish scenarios say about ENGI3?
Our models span a range for Energisa S.A: cautious scenario R$12.14, base R$19.47, optimistic R$28.00 per share (as of Aug 13, 2026, price R$12.39). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENGI3?
Energisa S.A trades at a price-to-earnings ratio of 17.1 (as of Aug 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$19.47 is built from several models across several years. Other multiples: P/B 1.6, P/S 0.9, EV/EBITDA 8.4.
How solid is the balance sheet of Energisa S.A (ENGI3)?
Balance-sheet figures for Energisa S.A (as of Aug 13, 2026): return on equity 12.1%, debt of 2.00 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is ENGI3 from its 52-week high?
Energisa S.A trades at R$12.39, about 13% below its 52-week high of R$14.32 and 37% above the low of R$9.06 (as of Aug 13, 2026). Distance from the high says nothing about value: that is what the fair value of R$19.47 is for.
Which stocks are comparable to Energisa S.A?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, National Grid plc, 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 Energisa S.A stock attractive at the current price?
The data as of Aug 13, 2026: price R$12.39, calculated fair value R$19.47 (+57%), Quality Score 24/100, from 16 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 ENGI3 calculated?
We run Energisa S.A through 16 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$19.47, with the spread shown as a cautious and an optimistic scenario.
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