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Rede Energia Participações S.A (REDE3) Fair Value & Analysis

Utilities · BR · Market cap R$15.0B

RE Rede Energia Participações S.A REDE3 · SA
PriceR$5.82
Fair ValueR$8.43
Upside+44.9%
Quality39/100
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Mixed Growth
Thin margins · 5.7% net margin
High debt · generates free cash flow
7.86% dividend yield
Ranks above peers (11/15)
Moderate moat 61/100
Evidence: High Range R$6.33 – R$11.08 Share as image

Fair value as of: Jul 11, 2026

From 22 valuation models · updated 29 days ago

Share price −1.2% over the past month.

Below-average quality, screening 45% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (R$6.33). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

R$7.30 R$3.70 Fair Value R$8.43 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range R$3.70 – R$7.30 · fair‑value band R$6.33 – R$11.08 · the R$5.82 price screens below the R$8.43 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Rede Energia Participações S.A (REDE3) currently trades at R$5.82, while our model-based Fair Value estimate is R$8.43, implying the stock looks roughly 44.9% undervalued today. The Quality Score stands at 39/100 (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, Rede Energia Participações S.A generated revenue of R$19.8B at a net margin of 5.7%. Revenue grew 9.4% year over year. It earns a return on equity of 23.2%. Net debt stands at R$18.7B. Fundamentals as of Jul 11, 2026

Our scenario range runs from R$6.33 (bear case) to R$11.08 (bull case); at R$5.82, 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 19% below its 52-week high and 3% 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 45%, REDE3 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income R$2.97 R$3.59 R$8.77 76
ROIC Compounder R$10.99 R$19.13 R$25.65 72
Gordon GGM R$6.67 R$13.87 R$22.00 70
All 22 models by family
DCF Models
5Y Revenue Exit R$2.97 R$12.68 R$33.22 39
5Y EBITDA Exit R$4.37 R$15.50 R$37.43 41
5Y P/E Exit R$5.77 R$16.27 38
10Y Revenue Exit R$13.96 R$24.90 36
10Y EBITDA Exit R$1.45 R$16.97 R$45.86 37
10Y P/E Exit R$3.81 R$15.66 35
Earnings-Based
Graham-Dodd R$3.19 R$22.22 R$31.18 54
Lynch FV R$11.48 R$16.40 R$21.32 50
PEG = 1.0 R$11.48 R$16.40 R$21.32 46
EPV R$6.60 R$8.79 R$10.71 59
Dividend Discount
Gordon GGM R$6.67 R$13.87 R$22.00 70
DDM Multi-Stage R$6.67 R$11.69 R$14.56 61
Multiples
P/E Multiple R$6.33 R$8.43 R$10.54 63
P/S Multiple R$5.97 R$7.97 R$9.96 58
P/B Multiple R$3.25 R$4.34 R$5.42 55
EV/EBIT R$10.71 R$16.46 R$22.21 53
EV/EBITDA R$7.87 R$12.68 R$17.48 54
EV/Revenue R$5.19 R$10.21 R$15.24 43
Asset-Based
NCAV (Graham) R$1.20 R$1.61 R$2.41 50
Economic Profit
Residual Income R$2.97 R$3.59 R$8.77 76
ROIC Compounder R$10.99 R$19.13 R$25.65 72
Growth Earnings
Growth-Adj P/E R$14.35 R$20.49 R$26.64 68

Widest divergence: Growth Earnings (R$20.49) versus Asset-Based (R$1.61). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) R$19.8B
Revenue growth (YoY) +9.4%
Net margin 5.7%
Return on equity 23.2%
Free cash flow R$14.3M FY2025
P/E ratio 11.9
More key figures
Operating margin 20.1%
EPS (TTM) R$0.5000
Dividend yield 7.9%
EPS growth (YoY) -31.5%
Net debt R$18.7B FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 37 · Market factors (momentum, volatility) 49

Profitability 38
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 71
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.

About the company

Rede Energia Participações S.A. engages in the generation, distribution, and commercialization of electricity in Brazil. The company is involved in the construction, operation, maintenance, and services related to generation and distribution of electric energy.

Full company description

Rede Energia Participações S.A. engages in the generation, distribution, and commercialization of electricity in Brazil. The company is involved in the construction, operation, maintenance, and services related to generation and distribution of electric energy. It offers its electricity to residential, industrial, commercial, rural, government, and public sector customers. The company was incorporated in 1929 and is based in Cataguases, Brazil.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rede Energia Participações S.A reported revenue of R$17.2B in FY2025 versus R$14.7B in FY2021, a compound +3.9%/yr. Reported net income was R$1.2B in FY2025, compounding −3.1%/yr from FY2021.

Growth Quality 42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
R$17.2B
Latest YoY
−3.8%
Avg. growth/yr (3Y)
+4.4%
Avg. growth/yr (5Y)
+8.8%
Avg. growth/yr (21Y)
+9.3%
Revenue +3.9%/yr
FY21 R$14.7B
FY22 R$15.1B
FY23 R$16.1B
FY24 R$17.9B
FY25 R$17.2B
Net income −3.1%/yr
FY21 R$1.4B
FY22 R$1.5B
FY23 R$1.7B
FY24 R$1.5B
FY25 R$1.2B

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Cite: Fair Value Calculator (2026). "Rede Energia Participações S.A Fair Value". https://www.fairvalue-calculator.com/stock/REDE3

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.

Quality Score 39 · Bottom 25%
Fair Value upside +45% · Top 25%
Return on equity (TTM) 23% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 6% · Bottom 25%
Operating margin (TTM) 20% · Above median
Revenue growth 9% · Above median
Dividend yield (TTM) 7.9% · Top 25%
Debt / equity 2.77× · Higher than 75% of peers

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 11.7× · Cheaper than median
P/B 0.48× · Cheaper than 75% of peers
P/S (TTM) 0.15× · Cheaper than 75% of peers
P/FCF 206.1× · Pricier than 75% of peers
EV/EBITDA 4.0× · Cheaper than 75% of peers
PEG 1.28× · Cheaper than 75% of peers

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.

VALUE 93 · sector 7
FUTURE 47 · sector 32
PAST 93 · sector 39
HEALTH 0 · sector 54
DIVIDEND 100 · sector 56

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

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 11, 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

Is Rede Energia Participações S.A (REDE3) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of R$8.43 versus a price of R$5.82, about +45% (undervalued).
What is the fair value of REDE3?
Our model-based fair value for Rede Energia Participações S.A is R$8.43 (as of Jul 11, 2026), built from audited fundamentals. The current price is R$5.82.
What is the quality score of REDE3?
Rede Energia Participações S.A has a Quality Score of 39/100. 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 revenue of Rede Energia Participações S.A (REDE3)?
Rede Energia Participações S.A reported trailing-twelve-month revenue of about R$19.8B (latest available figure, as of Jul 11, 2026).
What is the net profit margin of REDE3?
The net profit margin of Rede Energia Participações S.A is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Rede Energia Participações S.A pay a dividend?
Rede Energia Participações S.A currently shows a dividend yield of about 7.88% relative to its recent price (as of Jul 11, 2026).

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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