Companhia Paranaense de Energia stock: fair value
ELPCThe fair value of Companhia Paranaense de Energia under our model is $14.74, the price is 26% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 12 Nov 2026
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $10.53 and expensive above $24.56 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $14.32 (cash-flow model) and $15.15 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 13.5%. At 14.5% the fair value would be $13.71, at 12.5% it would be $16.18.
Where the number comes from
Half from the dividend model, half from earnings times the industry P/E (19.8).
Dividend model: the dividend grows by 7.5% a year for good and is discounted at 13.5% (government bond yield 7.5% plus beta 0.8 times a risk premium of 7.5%).
Calculate with your own assumptionsThe calculation step by step
With these figures the dividend model arrives at $14.32 per share: next year's dividend divided by the gap between the discount rate and growth. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Step | Value |
|---|---|
| Dividend per share | $3.20 |
| Next dividend: × (1 + 7.5%) | $3.44 |
| Value per share: next dividend / (13.5% − 7.5%) | $57.49 |
| Per share as traded (converted ÷ 4.01) | $14.32 |
| Earnings per share, last twelve months | $0.77 |
| × 19.8 (industry P/E) | $15.15 |
| Fair value (average of both parts) | $14.74 |
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = R$5.5565)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 15 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.