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CESP - COMPANHIA ENERGÉTICA DE SÃO PAULO

CESP6 — CESP - COMPANHIA ENERGÉTICA DE SÃO PAULO

The latest full year with dividends on record for CESP6 is 2021: R$ 2.17 per share (dividends + interest on equity, gross; record date within the year).

CNPJ 60.933.603/0001-78 · listed classes: CESP6, CESP3, CESP5 · CVM code 2577

Geração e Comercialização de Energia ElétricaAs filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Energia Elétrica

1955founded
São Paulo · SPheadquarters
Privadocontrol
Banco Itau S.A.share registrar
BDO Rcs Auditores Independentes - Sociedade Simples Limitadaauditor
ri.aurenenergia.com.brinvestor site
R$ 54.4 mavg. daily traded value (63 sessions)

Verdict

Net margin 19.6%; ROIC 6.4%; debt 3.9x EBITDA; 2025 data, with a relevant recent restatement.

Confidence flag: Incomplete or flagged snapshot

Data for fiscal year 2025, received by the CVM on 2026-03-03; 3 of the 5 core figures published; last restatement recorded in 2023.

Does the company make money?

Is it sound or indebted?

Is the share expensive or cheap relative to the sector and its own history?

Descriptive: number, numeric band and comparison with the sector, the company's own history and the whole universe. Not investment advice. JSON · how the verdict works

Follow CESP6: get an e-mail when profit turns into loss, debt or margin change band, or the statements are restated. That is all, and you can cancel in one click. See every event already recorded for CESP6.

Quick answers: How much has it paid in dividends? · Has profit grown? · Has debt gone up?

Embed these charts (net income and ROE: ready-made cards for your blog or forum)

Quote

R$ 25.25close of 2022-03-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve
15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, weekly, 5 years · return +30.8% (+5.5% a year) · not adjusted for splits or dividendsR$ 25.25 2022-03-25
high 2020-02-21: R$ 34.61low 2017-11-10: R$ 12.102022-03-25: R$ 25.25
2017low R$ 12.10 · high R$ 34.612022

Return by window

1 month3 months1 year2 years5 years10 years
Price+9.9%+20.0%-9.2%+1.1%+38.1%-32.3%
With dividends reinvested+9.9%+20.0%-1.6%+20.0%+74.6%+39.0%
Real, net of inflation (IPCA to 03/2022)+8.3%+16.4%-11.5%+1.9%+33.6%-24.0%
R$ 1,000 would be worthR$ 1,099R$ 1,200R$ 984R$ 1,200R$ 1,746R$ 1,390

Closing prices from the base up to 2022-03-25. The starting price is adjusted by the corporate actions checked against the price (the small mark says how many); a jump they do not explain leaves the window blank. Reinvestment buys more shares at the close of the ex-date, with no tax or cost; only the main ticker class. The real line divides the reinvested return by the IPCA accumulated in the window (Banco Central series 433, monthly, edge months pro rata by days); the latest month is only published around the 10th of the following month.

Buy-and-hold vs 21×100 moving-average crossover

2017-03-24 → 2022-03-25Return (price)With dividends reinvested…net of the JCP tax (15%)Maximum drawdown (price)
Buy and hold+38.13%+74.62%+74.23%-44.86%
21×100 crossover+7.40%+11.33%+11.33%-45.34%

Closing price adjusted for corporate actions, with dividends, JCP and distributions reinvested on the ex-date, no tax; no costs; a session's crossover signal applies to the next one. Not a recommendation. Same numbers, with the premises and volatility, open, no key: /empresas/CESP6/desempenho.

How much did R$ 1,000 in CESP6 become in 1, 3, 5 and 10 years?

Valuation

Today

R$ 8.3 bnmarket value
close of 2022-03-25 × sharesprice × shares outstanding
R$ 13.8 bnenterprise value
+ net debt 2025market value + net debt
R$ 14.60BVPS 2025
book value per shareshareholders' equity ÷ shares
356.5P/E 12m
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
1.83P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
1.3%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months
327.4 mshares outstanding !latest public count, treasury excluded

Snapshot: today's close over the latest public share count. Cards marked 12m use the last four quarterly filings; the others use the 2025 annual filing. The multiples below are point-in-time: priced on the day the filing became public. share count caveat

At the filing date (point-in-time)

5.3P/E 2020
price of 2021-03-29 · sector 14.2 · 9 cos. · 1st of 10price ÷ earnings per share for the year
1.3P/B 2020
price of 2021-03-29 · sector 1.9 · 9 cos. · 4th of 10price ÷ book value per share
8.5EV/EBITDA 2020
price of 2021-03-29 · sector 8.0 · 9 cos. · 8th of 10enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
6.9%FCF yield 2020
price of 2021-03-29 · sector 4.0% · 9 cos. · 3th of 10(operating cash flow + capex) ÷ market value
5.3%ROE 2025
sector 12.1% · 25 cos. · 21th of 26net income to controlling ÷ average equity
6.4%ROIC 2025
sector 14.1% · 33 cos. · 33th of 34EBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included — /metodologia/roic
P/E, P/B and EV/EBITDA use the price of 2021-03-29 (R$ 27.88), the first one after the 2020 filing became public on 2021-03-29 — point-in-time, not the 31 December price. 1 caveat

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year4.83×
EV/Receita todayenterprise value ÷ net revenue8.04×
P/EBITDA todaymarket value ÷ EBITDA5.83×
P/EBIT todaymarket value ÷ EBIT8.64×
EV/EBIT todayenterprise value ÷ EBIT14.37×
Earning yield todaynet income ÷ market value (the inverse of P/E)4.1%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity1.15×
Dívida bruta/PLshort- and long-term borrowings ÷ equity1.34×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year3.87×
PL/Ativosequity ÷ total assets0.35×
Passivos/Ativos(total assets − equity) ÷ total assets0.65×
Liquidez correntecurrent assets ÷ current liabilities1.96×

Efficiency

Margem brutagross profit ÷ net revenue32.2%
Margem EBITDAEBITDA ÷ net revenue82.9%
Margem EBITEBIT ÷ net revenue56.0%
Margem líquidanet income ÷ net revenue19.6%

Profitability

ROEnet income to controlling ÷ average equity5.3%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included6.4%
ROAnet income ÷ total assets2.4%
Giro do ativonet revenue ÷ total assets0.13×

Growth

Receita, 1 anorevenue this year ÷ previous year − 116.3%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years-2.3%
Lucro, CAGR 5 anoscompound annual growth of net income over 5 years (positive at both ends only)-27.9%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)3.2%

Standardized accounts and published indicators of the fiscal year; items marked today divide today's market value or enterprise value by an account of that year.

Indicators, year by year

Four indicators as charts and the full table below. A hollow point carries a caveat; a gap is a year without the figure — we never draw a line across a hole. In the table, the arrow opens the path from the figure down to the line in the regulator's file; a cell with ! carries a caveat; a dashed dash is a suppressed figure — hover to see why. Nothing is hidden.

Fact checklist 3 of 9

Nine objective checks with the threshold written in each line and the figure behind it. Descriptive, not a recommendation; the thresholds are ours and are declared.

ROE5.3%! 2025
2010: 0.9% — total profit used, minority interests not separated; no prior year: year-end equity, not the average2011: 1.1% — total profit used, minority interests not separated2012: 1.5% — total profit used, minority interests not separated2013: -2.0% — total profit used, minority interests not separated2014: 6.2% — total profit used, minority interests not separated2015: -0.8% — total profit used, minority interests not separated2016: 4.2% — total profit used, minority interests not separated2017: -2.4% — total profit used, minority interests not separated2018: 4.1% — total profit used, minority interests not separated2019: 16.3% — total profit used, minority interests not separated2020: 24.1% — the company switched between individual and consolidated statements2021: 6.0%2022: 27.6%2023: -5.0% — total profit used, minority interests not separated2024: 13.6% — total profit used, minority interests not separated2025: 5.3% — total profit used, minority interests not separated
20102025
ROIC6.4% 2025
2010: 2.9% — computed tax rate above 45%; capped at 45%; no prior year: year-end capital, not the average2011: 4.0% — computed tax rate above 45%; capped at 45%2012: 4.3% — computed tax rate above 45%; capped at 45%2013: 1.0% — no pre-tax profit to measure the tax rate; 34% used2014: 7.1%2015: 3.2% — computed tax rate above 45%; capped at 45%2016: 2.8%2017: -1.1% — no pre-tax profit to measure the tax rate; 34% used2018: 4.2% — computed tax rate negative; 0% used2019: 6.4% — computed tax rate negative; 0% used2020: 9.8% — computed tax rate negative; 0% used2021: 9.5%2022: 10.8%2023: 3.8% — computed tax rate above 45%; capped at 45%2024: 13.4%2025: 6.4%
20102025
Net margin19.6% 2025
2010: 3.2%2011: 3.7%2012: 4.4%2013: -5.0%2014: 11.5%2015: -2.1%2016: 18.3%2017: -11.4%2018: 18.0%2019: 74.0%2020: 90.2%2021: 19.2%2022: 0.0%2023: -32.3%2024: 73.3%2025: 19.6%
20102025
Point-in-time P/E5.3x! 2020
2011: 111.8x — share count from the Reference Form, treasury shares not deducted; share count old relative to the price date; total equity, minorities not separated; total profit used, minority interests not separated2012: 43.7x — share count from the Reference Form, treasury shares not deducted; share count old relative to the price date; total equity, minorities not separated; total profit used, minority interests not separated2013: -41.3x — share count from the Reference Form, treasury shares not deducted; share count old relative to the price date; total equity, minorities not separated; total profit used, minority interests not separated; zero or negative earnings: P/E not meaningful2014: 13.2x — share count from the Reference Form, treasury shares not deducted; share count old relative to the price date; total equity, minorities not separated; total profit used, minority interests not separated2015: -87.1x — share count from the Reference Form, treasury shares not deducted; share count old relative to the price date; total equity, minorities not separated; total profit used, minority interests not separated; zero or negative earnings: P/E not meaningful2016: 19.6x — share count from the Reference Form, treasury shares not deducted; share count old relative to the price date; total equity, minorities not separated; total profit used, minority interests not separated2017: -31.0x — share count from the Reference Form, treasury shares not deducted; share count old relative to the price date; total equity, minorities not separated; total profit used, minority interests not separated; zero or negative earnings: P/E not meaningful2018: 27.4x — share count from the Reference Form, treasury shares not deducted; share count old relative to the price date; total equity, minorities not separated; total profit used, minority interests not separated2019: 9.8x — share count from the Reference Form, treasury shares not deducted; share count old relative to the price date; total equity, minorities not separated; total profit used, minority interests not separated2020: 5.3x — share count filed in thousands; corrected ×1,000
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶0.9%!1.1%!1.5%!-2.0%!6.2%!-0.8%!4.2%!-2.4%!4.1%!16.3%!24.1%!6.0%27.6%-5.0%!13.6%!5.3%!12.1%
ROIC ⟶2.9%!4.0%!4.3%!1.0%!7.1%3.2%!2.8%-1.1%!4.2%!6.4%!9.8%!9.5%10.8%3.8%!13.4%6.4%14.1%
ROA ⟶0.5%!0.6%0.8%-1.2%3.8%-0.5%2.6%-1.5%2.7%10.0%12.6%!3.0%0.0%-3.0%7.7%2.4%4.9%
Gross margin ⟶52.0%50.8%42.7%65.4%73.8%51.9%53.0%19.8%24.0%30.5%38.0%57.0%33.6%40.8%30.3%32.2%27.8%
EBIT margin ⟶23.4%31.1%28.5%4.4%20.9%15.2%16.9%-8.0%18.2%30.8%42.4%57.6%43.1%44.4%134.0%!56.0%20.2%
Net margin ⟶3.2%3.7%4.4%-5.0%11.5%-2.1%18.3%-11.4%18.0%74.0%90.2%19.2%0.0%-32.3%73.3%19.6%9.7%
Revenue growth (1y) ⟶—1.8%13.4%16.4%24.4%-37.2%-43.5%-11.5%10.7%-3.8%22.0%!19.6%-1.6%-38.4%5.8%16.3%8.5%
Revenue growth (5y CAGR) ⟶—————0.3%-10.8%-15.1%-16.0%-19.7%-8.3%!6.6%!8.8%!-3.2%!-1.3%!-2.3%9.3%
Net debt/EBITDA ⟶1.77x1.30x1.13x1.08x-0.41x0.37x0.11x0.40x-0.32x1.28x0.92x0.86x-0.89x1.04x0.90x3.87x2.76x
Current ratio ⟶0.54x0.61x0.60x1.18x1.34x1.02x0.98x0.91x0.97x1.07x1.06x0.94x1.09x3.09x3.12x1.96x1.32x

In reais, year by year

The three statements behind the ratios — income statement, balance sheet and cash flow — in the standardized lines, consolidated as filed (or parent-only when that is what the company files). EBITDA and net debt follow the published methodology; gross debt, cash and investments and free cash flow are sums the line names spell out.

line20102011201220132014201520162017201820192020202120222023202420252T26TTM
Income statement
Net revenue (R$ bn)2.93.03.43.94.93.01.71.51.61.61.92.32.31.41.51.70.51.8
Cost of goods and services (R$ bn)-1.4-1.5-1.9-1.3-1.3-1.4-0.8-1.2-1.2-1.1-1.2-1.0-1.5-0.8-1.0-1.2-0.3-1.3
Gross profit (R$ bn)1.51.51.42.63.61.50.90.30.40.50.71.30.80.60.40.60.10.4
EBITDA (R$ bn)1.51.71.70.91.70.90.60.20.60.91.21.71.41.02.41.4——
Depreciation and amortization (R$ m)785782775682642460304315316380397421404390423460——
EBIT (operating result) (R$ bn)0.70.91.00.21.00.40.3-0.10.30.50.81.31.00.62.01.00.10.8
Pre-tax profit (R$ bn)0.20.20.4-0.30.90.10.4-0.10.30.10.30.72.80.61.70.5-0.20.0
Income taxes (R$ bn)-0.1-0.1-0.20.1-0.3-0.2-0.1-0.10.01.01.5-0.30.0-1.0-0.6-0.20.1-0.0
Net income (R$ bn)0.10.10.1-0.20.6-0.10.3-0.20.31.21.70.40.0-0.41.10.3-0.10.0
Net income (controlling) (R$ bn)0.10.10.1-0.20.6-0.10.3-0.20.31.21.70.42.4-0.41.10.3-0.10.0
Balance sheet
Total assets (R$ bn)18.918.216.915.214.712.011.411.110.312.914.614.416.313.614.513.513.413.4
Current assets (R$ bn)0.91.01.11.52.91.00.80.70.91.01.11.11.71.72.21.31.31.3
Current liabilities (R$ bn)1.61.61.81.32.21.00.90.70.91.01.11.21.60.50.70.70.60.6
Gross debt (short + long term) (R$ bn)2.82.62.51.81.80.90.60.40.21.81.82.00.02.44.06.46.56.5
Cash and investments (R$ bn)0.20.40.50.82.40.50.50.30.40.70.70.51.21.41.90.91.01.0
Net debt (R$ bn)2.62.22.00.9-0.70.30.10.1-0.21.11.11.5-1.21.12.25.5——
Shareholders' equity (R$ bn)10.510.19.99.38.67.37.27.17.17.17.27.610.18.07.94.84.54.5
Cash flow
Operating cash flow (R$ bn)1.11.31.32.23.11.20.60.20.40.50.60.60.44.10.6-0.2——
Capital expenditures (R$ bn)-0.1-0.1-0.1-0.1-0.0-0.1-0.0-0.0-0.0-0.0-0.0-0.0-0.0-1.7-0.2-0.0——
Free cash flow (FCO + capex) (R$ bn)1.01.21.32.13.11.20.60.20.40.50.60.60.32.40.4-0.2——

The two right-hand columns come from the quarterly filing (ITR): the latest quarter alone and the last 12 months (TTM) built by the same identity as the TTM P/E. EBITDA and net debt have no quarterly series here.

The current year, quarter by quarter

As the company filed it in its interim report. The fourth quarter does not exist on its own in that filing — the closed year comes in the annual one, and we do not derive a Q4, so that a figure we computed never sits beside the figures the company reported. Filed on is the date the report became public, and the price is taken from it.

quarterrevenue (R$ m)profit (R$ m)net marginP/E TTMP/Bfiled on
2024T1!360.115.84.4%——2024-05-07
2024T2!349.472.720.8%——2024-08-01
2024T3!360.650.414.0%——2024-10-30
2025T1!437.853.012.1%——2025-05-07
2025T2!416.48.11.9%——2025-08-07
2025T3!403.0-42.1-10.4%——2025-11-12
2026T1!468.8-124.4-26.5%——2026-05-06
2026T2!457.5-127.2-27.8%——2026-08-05

Full series, every quarter: GET /empresas/CESP6/trimestres

Dividends

No ex-date or payment scheduled in the base (exchange announcements through 2026-10-21 · filings to the regulator through 2026-10-15).

The latest dividend by CESP6 was a dividend of R$ 0.7753 per share (record date 2021-04-01). In the last 12 months: 0 payments adding up to R$ 0.0000 per share. Average yield of the last 5 full years: 10.1% (median 10.1%).

typerecord dateex-datepaymentper share
dividend2021-04-012021-04-05—R$ 0.7753
dividend2021-04-012021-04-05—R$ 1.3945
JCP2020-12-212020-12-22—R$ 0.4265
dividend2020-04-022020-04-03—R$ 0.6000
dividend2020-04-022020-04-03—R$ 1.2500
dividend2019-04-292019-04-30—R$ 0.8866
dividend2018-04-302018-05-02—R$ 0.0381
dividend2017-05-022017-05-03—R$ 0.4837
JCP2016-11-222016-11-23—R$ 0.3952
dividend2016-04-292016-05-02—R$ 0.0867
dividend2015-04-292015-04-30—R$ 2.4125
dividend2015-04-292015-04-30—R$ 2.4419
JCP2014-08-182014-08-19—R$ 0.5599
dividend2014-04-292014-04-30—R$ 1.3634
dividend2014-04-292014-04-30—R$ 1.2556
JCP2013-08-162013-08-19—R$ 0.2658
JCP2013-05-102013-05-13—R$ 0.3031
dividend2013-04-262013-04-29—R$ 0.8479
JCP2012-08-082012-08-09—R$ 0.1251
JCP2012-05-092012-05-10—R$ 0.1884
dividend2012-04-252012-04-26—R$ 0.7214
dividend2012-04-252012-04-26—R$ 0.5010
JCP2011-08-082011-08-09—R$ 0.1566
JCP2011-05-062011-05-09—R$ 0.0319

Ex-date is the first trading session after the record date, from our own price history. Payment date comes from the exchange file; CVM marks a date taken from the filing to the regulator. Only the main ticker class.

Per year

yearper sharepaymentsyield
2021R$ 2.1698210.1%
2020R$ 2.276537.9%
2019R$ 0.886612.8%
2018R$ 0.038110.2%
2017R$ 0.483713.7%
2016R$ 0.481923.6%
2015R$ 4.8544236.2%
2014R$ 3.1790311.9%
2013R$ 1.416936.3%
2012R$ 1.535947.9%

Yield per year = the year's dividends over the close of its last session; the current year is partial.

Shareholders and free float

0.00%free floatshares outstanding held by the market, as filed in the FRE
1shareholders
0 individuals · 1 companies · 0 institutionalcount at the last shareholders meeting, from the FRE
Auren Energia S.A.controlling shareholder
as declared in the FREshareholders the company marks as controlling
80% ONtag along (minimum)
no listing segment on fileminimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
Auren Energia S.A. ctrlPJ100.00%0.00%100.00%
Others (market)———0.00%
Treasury shares———0.00%

Direct holdings from the reference form (FRE) filed on 2026-09-22, version 5. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.

Filings and notices

filedcategorysubjectdocument
2026-09-22Fato RelevanteConversão de Categoria da CESP | Protocolo de Pedidoopen
2026-09-22Assembleia · AGEA autorização para que a Administração pratique todos os atos e providências necessárias para implementação das deliberações.||A submissão pela Companhia, de pedido de conversão deopen
2026-08-05Dados Econômico-Financeiros · Demonstrações Financeiras IntermediáriasDemonstrações Financeiras Intermediáriasopen
2026-08-05Reunião da Administração · Conselho de AdministraçãoExaminar e discutir as Informações Trimestrais da Companhia referente ao período encerrado em 30/06/2026, acompanhadas das respectivas notas explicativas e do relatório do auditor open
2026-06-24Dados Econômico-Financeiros · Demonstrações Financeiras AdicionaisDemonstrações Financeiras Pro Forma - Reorganização Societária | 2ª Faseopen
2026-06-24Reunião da Administração · Conselho de AdministraçãoReorganização Societária | 2ª Faseopen
2026-06-24Assembleia · AGE—open
2026-06-24Fato RelevanteReorganização Societária | 2ª Faseopen
2026-06-24Assembleia · AGEReorganização Societária | 2ª Faseopen
2026-06-15Reunião da Administração · Conselho de AdministraçãoEleição de Diretor(es)open

The last filings this company sent to the CVM outside its financial statements, newest first, from the regulator's own IPE index. The subject line is the company's own free text. We do not summarise or classify these documents — read the original.

Piotroski F-Score 4/9 (2025) — what each criterion means.

Restated filings for this company

The regulator overwrites the old version; we keep both. Figures in R$ millions: first filing on the left, restatement on the right.

fiscal yearaccountfirst filingrestated
2022DMPL 5.03no value in the file7,583.6
2022DMPL 5.05no value in the file2,642.8
2022DRE 3.09no value in the file2,446.6
2022DRE 3.11no value in the file2,446.6
2022DRE 3.11.012,446.6no value in the file
2022BPP 2.02.01no value in the file1,964.1
2022DRE 3.02no value in the file-1,498.6
2011BPA 1 (individual)18,246.117,300.0

Every restatement of this company, year by year

This company appears in

Compare

Side by side, with each figure's caveat and how often each company restated its filings.

CESP6 × AXIA3 · CESP6 × CPLE3 · CESP6 × SBSP3 · CESP6 × EQTL3 · CESP6 × CPFE3 · CESP6 × EGIE3

compare with the sector: EQTL3 × CPLE3 × ENEV3

Other companies in Utilities

46 more with a page, same CVM sector — a classification of the regulator's, not ours.

Take this into your code

Everything on this page is also JSON: GET /empresas/CESP6/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 3,026 sessions, 2010-01-04 → 2022-03-25 · methodology · how we verify

Sources: CVM (open data, ODbL) and B3 (COTAHIST). Not affiliated with B3 or the CVM. Not investment advice.

Numbers on this page are live. Data version 2026-10-18-pl-classe-versoes · page generated 2026-10-23 23:10 UTC. If this does not match /saude, you are reading a cached copy.