Equatorial Pará Distribuidora de Energia S.A (EQPA3) Fair Value & Analysis
Utilities · BR · Market cap R$11.7B
Fair value as of: Jul 19, 2026
From 26 valuation models · updated 22 days ago
Share price +1.5% over the past month.
Below-average quality, screening 125% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (R$6.06). The market is more pessimistic than our downside scenario.
- A fairly wide model range (R$6.06 to R$15.37) 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 Jul 19, 2026.
How to read this chart
60‑month range R$2.79 – R$7.23 · fair‑value band R$6.06 – R$15.37 · the R$5.32 price screens below the R$11.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.
Analysis
Equatorial Pará Distribuidora de Energia S.A (EQPA3) currently trades at R$5.32, while our model-based Fair Value estimate is R$11.97, implying the stock looks roughly 125.0% undervalued today. The Quality Score stands at 44/100 (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, Equatorial Pará Distribuidora de Energia S.A generated revenue of R$12.5B at a net margin of 12.3%. Revenue grew 11.8% year over year. It earns a return on equity of 28.2%. Net debt stands at R$8.2B. Fundamentals as of Jul 19, 2026
Our scenario range runs from R$6.06 (bear case) to R$15.37 (bull case); at R$5.32, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at 125%, EQPA3 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (R$11.83) versus Asset-Based (R$1.57). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 42
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.
About the company
Equatorial Pará Distribuidora de Energia S.A. engages in the distribution of electricity in the state of Pará, Brazil. It serves residential, industrial, commercial, rural, public authority, public lighting service, and public service customers. The company was formerly known as Centrais Elétricas do Pará S.A.
Full company description
Equatorial Pará Distribuidora de Energia S.A. engages in the distribution of electricity in the state of Pará, Brazil. It serves residential, industrial, commercial, rural, public authority, public lighting service, and public service customers. The company was formerly known as Centrais Elétricas do Pará S.A. and changed its name to Equatorial Pará Distribuidora de Energia S.A. in December 2019. The company was founded in 1962 and is headquartered in Belém, Brazil. Equatorial Pará Distribuidora de Energia S.A. is a subsidiary of Equatorial Energia Distribuição S.A.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Equatorial Pará Distribuidora de Energia S.A reported revenue of R$12.2B in FY2025 versus R$8.1B in FY2021, a compound +10.8%/yr. Reported net income was R$1.6B in FY2025, compounding +10.9%/yr from FY2021.
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Peer Group
Utilities - Regulated Electric · 154 stocks
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.
Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper
Snowflake
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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $88.80 | $32.94 | -63% |
| The Southern Company SO | $95.61 | $61.06 | -36% |
| Duke Energy Corporation DUK | $126.11 | $97.11 | -23% |
| National Grid plc NGG | 61,175 ARS | 44,377 ARS | -27% |
| American Electric Power Company AEP | $132.50 | $79.33 | -40% |
| Dominion Energy, Inc D | $70.08 | $46.92 | -33% |
| NTPC Limited NTPC | ₹341.85 | ₹377.16 | +10% |
| CEZ, a. s. CEZ | 232.40 PLN | 159.33 PLN | -31% |
| Power Grid Corporation POWERGRID | ₹283.55 | ₹252.77 | -11% |
| China National Nuclear Power Co 601985 | ¥8.91 | ¥7.69 | -14% |
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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.
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