Companhiade Eletricidade do Estado da Bahia - COELBA
Companhia de Eletricidade do Estado da Bahia - COELBA engages in the distribution of electricity. The company was founded in 1960 and is headquartered in Salvador, Brazil. Companhia de Eletricidade do Estado da Bahia - COELBA is a subsidiary of Iberdrola, S.A.
Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) - Net Assets
Latest net assets as of September 2025: R$8.57 Billion BRL
Based on the latest financial reports, Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) has net assets worth R$8.57 Billion BRL as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$33.38 Billion) and total liabilities (R$24.81 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$8.57 Billion |
| % of Total Assets | 25.67% |
| Annual Growth Rate | 4.74% |
| 5-Year Change | 21.53% |
| 10-Year Change | 141.87% |
| Growth Volatility | 18.86 |
Companhiade Eletricidade do Estado da Bahia - COELBA - Net Assets Trend (2000–2024)
This chart illustrates how Companhiade Eletricidade do Estado da Bahia - COELBA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Companhiade Eletricidade do Estado da Bahia - COELBA (2000–2024)
The table below shows the annual net assets of Companhiade Eletricidade do Estado da Bahia - COELBA from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$7.42 Billion | +15.33% |
| 2023-12-31 | R$6.44 Billion | +8.90% |
| 2022-12-31 | R$5.91 Billion | -4.29% |
| 2021-12-31 | R$6.18 Billion | +1.10% |
| 2020-12-31 | R$6.11 Billion | +17.05% |
| 2019-12-31 | R$5.22 Billion | +0.27% |
| 2018-12-31 | R$5.21 Billion | +64.42% |
| 2017-12-31 | R$3.17 Billion | +7.10% |
| 2016-12-31 | R$2.96 Billion | -3.70% |
| 2015-12-31 | R$3.07 Billion | +10.12% |
| 2014-12-31 | R$2.79 Billion | +11.84% |
| 2013-12-31 | R$2.49 Billion | +23.67% |
| 2012-12-31 | R$2.02 Billion | +7.42% |
| 2011-12-31 | R$1.88 Billion | -21.07% |
| 2010-12-31 | R$2.38 Billion | +11.99% |
| 2009-12-31 | R$2.12 Billion | +30.10% |
| 2008-12-31 | R$1.63 Billion | +5.79% |
| 2007-12-31 | R$1.54 Billion | +18.58% |
| 2006-12-31 | R$1.30 Billion | +12.65% |
| 2005-12-31 | R$1.15 Billion | -31.87% |
| 2004-12-31 | R$1.69 Billion | -8.21% |
| 2003-12-31 | R$1.85 Billion | -8.96% |
| 2002-12-31 | R$2.03 Billion | +8.40% |
| 2001-12-31 | R$1.87 Billion | -23.51% |
| 2000-12-31 | R$2.45 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Companhiade Eletricidade do Estado da Bahia - COELBA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 445600000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$4.46 Billion | 60.02% |
| Common Stock | R$2.99 Billion | 40.25% |
| Other Comprehensive Income | R$-20.00 Million | -0.27% |
| Total Equity | R$7.42 Billion | 100.00% |
Companhiade Eletricidade do Estado da Bahia - COELBA Competitors by Market Cap
The table below lists competitors of Companhiade Eletricidade do Estado da Bahia - COELBA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GenSight Biologics S.A
PINK:GSGTF
|
$20.78 Million |
|
Genesis Scale Holdings Limited
F:92N0
|
$20.79 Million |
|
Damsan JSC
VN:ADS
|
$20.81 Million |
|
Fiducial Real Estate SA
PA:ORIA
|
$20.81 Million |
|
Aspire Mining Ltd
AU:AKM
|
$20.78 Million |
|
Manolete Partners Plc
PINK:MANOF
|
$20.77 Million |
|
TAO Synergies Inc.
NASDAQ:TAOX
|
$20.76 Million |
|
Bizim Toptan Satis Magazalari AS
IS:BIZIM
|
$20.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Companhiade Eletricidade do Estado da Bahia - COELBA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,437,000,000 to 7,424,000,000, a change of 987,000,000 (15.3%).
- Net income of 1,808,000,000 contributed positively to equity growth.
- Dividend payments of 711,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 23,000,000.
- Other factors decreased equity by 133,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$1.81 Billion | +24.35% |
| Dividends Paid | R$711.00 Million | -9.58% |
| Other Comprehensive Income | R$23.00 Million | +0.31% |
| Other Changes | R$-133.00 Million | -1.79% |
| Total Change | R$- | 15.33% |
Book Value vs Market Value Analysis
This analysis compares Companhiade Eletricidade do Estado da Bahia - COELBA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.40x to 1.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | R$8.78 | R$47.39 | x |
| 2005-12-31 | R$5.98 | R$47.39 | x |
| 2006-12-31 | R$6.74 | R$47.39 | x |
| 2007-12-31 | R$7.78 | R$47.39 | x |
| 2008-12-31 | R$8.46 | R$47.39 | x |
| 2009-12-31 | R$8.81 | R$47.39 | x |
| 2010-12-31 | R$11.74 | R$47.39 | x |
| 2011-12-31 | R$9.44 | R$47.39 | x |
| 2012-12-31 | R$10.14 | R$47.39 | x |
| 2013-12-31 | R$12.52 | R$47.39 | x |
| 2014-12-31 | R$14.03 | R$47.39 | x |
| 2015-12-31 | R$15.42 | R$47.39 | x |
| 2016-12-31 | R$15.71 | R$47.39 | x |
| 2017-12-31 | R$16.18 | R$47.39 | x |
| 2018-12-31 | R$22.43 | R$47.39 | x |
| 2019-12-31 | R$19.91 | R$47.39 | x |
| 2020-12-31 | R$23.31 | R$47.39 | x |
| 2021-12-31 | R$23.56 | R$47.39 | x |
| 2022-12-31 | R$22.55 | R$47.39 | x |
| 2023-12-31 | R$24.56 | R$47.39 | x |
| 2024-12-31 | R$28.33 | R$47.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Companhiade Eletricidade do Estado da Bahia - COELBA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.94%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 4.21x
- Recent ROE (24.35%) is below the historical average (24.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 5.85% | 8.49% | 0.33x | 2.09x | R$-92.56 Million |
| 2001 | 14.85% | 11.95% | 0.42x | 2.93x | R$77.95 Million |
| 2002 | 7.25% | 6.44% | 0.32x | 3.56x | R$-45.97 Million |
| 2003 | 9.75% | 7.31% | 0.45x | 2.96x | R$-4.13 Million |
| 2004 | 20.31% | 16.66% | 0.51x | 2.41x | R$174.73 Million |
| 2005 | 50.37% | 22.96% | 0.63x | 3.47x | R$466.01 Million |
| 2006 | 41.57% | 21.45% | 0.62x | 3.13x | R$410.52 Million |
| 2007 | 43.16% | 22.37% | 0.64x | 3.02x | R$497.40 Million |
| 2008 | 49.90% | 26.16% | 0.74x | 2.59x | R$651.52 Million |
| 2009 | 41.83% | 22.21% | 0.84x | 2.24x | R$675.41 Million |
| 2010 | 39.79% | 21.52% | 0.82x | 2.26x | R$708.05 Million |
| 2011 | 40.01% | 15.11% | 0.84x | 3.14x | R$562.89 Million |
| 2012 | 32.90% | 11.40% | 0.83x | 3.47x | R$461.48 Million |
| 2013 | 19.87% | 10.10% | 0.64x | 3.06x | R$245.90 Million |
| 2014 | 16.48% | 8.15% | 0.68x | 2.99x | R$180.53 Million |
| 2015 | 12.59% | 5.72% | 0.70x | 3.14x | R$79.36 Million |
| 2016 | 8.79% | 3.67% | 0.67x | 3.56x | R$-35.89 Million |
| 2017 | 5.59% | 2.17% | 0.65x | 3.97x | R$-139.52 Million |
| 2018 | 12.27% | 6.91% | 0.64x | 2.79x | R$118.06 Million |
| 2019 | 19.34% | 9.88% | 0.54x | 3.63x | R$487.57 Million |
| 2020 | 19.95% | 10.80% | 0.54x | 3.42x | R$608.10 Million |
| 2021 | 27.02% | 12.87% | 0.53x | 3.95x | R$1.05 Billion |
| 2022 | 26.51% | 12.91% | 0.47x | 4.34x | R$975.90 Million |
| 2023 | 28.57% | 12.13% | 0.54x | 4.33x | R$1.20 Billion |
| 2024 | 24.35% | 10.94% | 0.53x | 4.21x | R$1.07 Billion |
Industry Comparison
This section compares Companhiade Eletricidade do Estado da Bahia - COELBA's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $2,085,576,667
- Average return on equity (ROE) among peers: 8.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) | R$8.57 Billion | 5.85% | 2.90x | $20.78 Million |
| Afluente Transmissão de Energia Elétrica S.A (AFLT3) | $78.42 Million | 16.11% | 0.14x | $1.00 Million |
| Companhia Energética de Brasília - CEB (CEBR3) | $1.00 Billion | 11.90% | 2.68x | $73.31 Million |
| Companhia Estadual de Distribuição de Energia Elétrica (CEED3) | $-3.62 Billion | 0.00% | 0.00x | $144.84K |
| Centrais Elétricas de Santa Catarina S.A. (CLSC3) | $1.80 Billion | 9.16% | 4.47x | $235.53 Million |
| Companhia Energética do Ceará - Coelce (COCE3) | $2.31 Billion | 16.99% | 1.13x | $70.61 Million |
| CPFL Energia S.A (CPFE3) | $9.40 Billion | 10.10% | 2.74x | $1.48 Billion |
| Energisa S.A (ENGI3) | $4.77 Billion | 3.24% | 3.19x | $732.17 Million |
| Energisa Mato Grosso - Distribuidora de Energia S/A (ENMT3) | $1.80 Billion | 0.27% | 2.29x | $43.07 Million |
| Equatorial Pará Distribuidora de Energia S.A (EQPA3) | $1.23 Billion | 8.02% | 1.70x | $46.76 Million |