Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) - Net Assets
Based on the latest financial reports, Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) has net assets worth R$8.31 Billion BRL (≈ $1.63 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$37.97 Billion ≈ $7.45 Billion USD) and total liabilities (R$29.65 Billion ≈ $5.82 Billion USD). 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. Check Companhiade Eletricidade do Estado da Ba strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$8.31 Billion |
| % of Total Assets | 21.9% |
| Annual Growth Rate | 4.77% |
| 5-Year Change | 27.07% |
| 10-Year Change | 165.52% |
| Growth Volatility | 18.48 |
Companhiade Eletricidade do Estado da Bahia - COELBA - Net Assets Trend (2000–2025)
This chart illustrates how Companhiade Eletricidade do Estado da Bahia - COELBA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Companhiade Eletricidade do Estado da Ba (CEEB3) market capitalisation.
Annual Net Assets for Companhiade Eletricidade do Estado da Bahia - COELBA (2000–2025)
The table below shows the annual net assets of Companhiade Eletricidade do Estado da Bahia - COELBA from 2000 to 2025. Also explore Companhiade Eletricidade do Estado da Ba (CEEB3) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$7.85 Billion ≈ $1.54 Billion |
+5.71% |
| 2024-12-31 | R$7.42 Billion ≈ $1.46 Billion |
+15.33% |
| 2023-12-31 | R$6.44 Billion ≈ $1.26 Billion |
+8.90% |
| 2022-12-31 | R$5.91 Billion ≈ $1.16 Billion |
-4.29% |
| 2021-12-31 | R$6.18 Billion ≈ $1.21 Billion |
+1.10% |
| 2020-12-31 | R$6.11 Billion ≈ $1.20 Billion |
+17.05% |
| 2019-12-31 | R$5.22 Billion ≈ $1.02 Billion |
+0.27% |
| 2018-12-31 | R$5.21 Billion ≈ $1.02 Billion |
+64.42% |
| 2017-12-31 | R$3.17 Billion ≈ $621.17 Million |
+7.10% |
| 2016-12-31 | R$2.96 Billion ≈ $579.96 Million |
-3.70% |
| 2015-12-31 | R$3.07 Billion ≈ $602.27 Million |
+10.12% |
| 2014-12-31 | R$2.79 Billion ≈ $546.93 Million |
+11.84% |
| 2013-12-31 | R$2.49 Billion ≈ $489.03 Million |
+23.67% |
| 2012-12-31 | R$2.02 Billion ≈ $395.42 Million |
+7.42% |
| 2011-12-31 | R$1.88 Billion ≈ $368.10 Million |
-21.07% |
| 2010-12-31 | R$2.38 Billion ≈ $466.35 Million |
+11.99% |
| 2009-12-31 | R$2.12 Billion ≈ $416.41 Million |
+30.10% |
| 2008-12-31 | R$1.63 Billion ≈ $320.07 Million |
+5.79% |
| 2007-12-31 | R$1.54 Billion ≈ $302.56 Million |
+18.58% |
| 2006-12-31 | R$1.30 Billion ≈ $255.16 Million |
+12.65% |
| 2005-12-31 | R$1.15 Billion ≈ $226.51 Million |
-31.87% |
| 2004-12-31 | R$1.69 Billion ≈ $332.47 Million |
-8.21% |
| 2003-12-31 | R$1.85 Billion ≈ $362.20 Million |
-8.96% |
| 2002-12-31 | R$2.03 Billion ≈ $397.85 Million |
+8.40% |
| 2001-12-31 | R$1.87 Billion ≈ $367.02 Million |
-23.51% |
| 2000-12-31 | R$2.45 Billion ≈ $479.86 Million |
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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 203100000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$2.03 Billion | 25.88% |
| Common Stock | R$2.99 Billion | 38.07% |
| Other Comprehensive Income | R$2.83 Billion | 36.05% |
| Total Equity | R$7.85 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 |
|---|---|
|
Wuxi Shangji Automation Co Ltd
SHG:603185
|
$1.39 Billion |
|
Nanobiotix S.A
PA:NANO
|
$1.39 Billion |
|
Sylvamo Corp
NYSE:SLVM
|
$1.39 Billion |
|
Hubei Jianghan New Materials Co. Ltd. A
SHG:603281
|
$1.39 Billion |
|
Liberty Latin America Ltd Class C
NASDAQ:LILAK
|
$1.39 Billion |
|
Peugeot Invest SA
PA:PEUG
|
$1.38 Billion |
|
Anhui Shenjian New Materials Co Ltd
SHE:002361
|
$1.38 Billion |
|
Gs Retail
KO:007070
|
$1.38 Billion |
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 2024 to 2025, total equity changed from 7,424,000,000 to 7,848,000,000, a change of 424,000,000 (5.7%).
- Net income of 1,954,000,000 contributed positively to equity growth.
- Dividend payments of 1,529,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,849,000,000.
- Other factors decreased equity by 2,850,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$1.95 Billion | +24.9% |
| Dividends Paid | R$1.53 Billion | -19.48% |
| Other Comprehensive Income | R$2.85 Billion | +36.3% |
| Other Changes | R$-2.85 Billion | -36.31% |
| Total Change | R$- | 5.71% |
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: 1.55x
- 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 5.29x to 1.55x 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$46.45 | x |
| 2005-12-31 | R$5.98 | R$46.45 | x |
| 2006-12-31 | R$6.74 | R$46.45 | x |
| 2007-12-31 | R$7.78 | R$46.45 | x |
| 2008-12-31 | R$8.46 | R$46.45 | x |
| 2009-12-31 | R$8.81 | R$46.45 | x |
| 2010-12-31 | R$11.74 | R$46.45 | x |
| 2011-12-31 | R$9.44 | R$46.45 | x |
| 2012-12-31 | R$10.14 | R$46.45 | x |
| 2013-12-31 | R$12.52 | R$46.45 | x |
| 2014-12-31 | R$14.03 | R$46.45 | x |
| 2015-12-31 | R$15.42 | R$46.45 | x |
| 2016-12-31 | R$15.71 | R$46.45 | x |
| 2017-12-31 | R$16.18 | R$46.45 | x |
| 2018-12-31 | R$22.43 | R$46.45 | x |
| 2019-12-31 | R$19.91 | R$46.45 | x |
| 2020-12-31 | R$23.31 | R$46.45 | x |
| 2021-12-31 | R$23.56 | R$46.45 | x |
| 2022-12-31 | R$22.55 | R$46.45 | x |
| 2023-12-31 | R$24.56 | R$46.45 | x |
| 2024-12-31 | R$28.33 | R$46.45 | x |
| 2025-12-31 | R$29.94 | R$46.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Companhiade Eletricidade do Estado da Bahia - COELBA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.63%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 4.57x
- Recent ROE (24.90%) is above the historical average (24.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 5.85% | 8.49% | 0.33x | 2.09x | R$-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 |
| 2025 | 24.90% | 10.63% | 0.51x | 4.57x | R$1.17 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: $4,979,093,111
- Average return on equity (ROE) among peers: 12.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) | R$8.31 Billion | 5.85% | 3.57x | $1.39 Billion |
| Afluente Transmissão de Energia Elétrica S.A (AFLT3) | $77.50 Million | 25.08% | 0.08x | $90.61 Million |
| Companhia Energética de Brasília - CEB (CEBR3) | $684.45 Million | 7.15% | 1.80x | $166.41 Million |
| Companhia Estadual de Distribuição de Energia Elétrica (CEED3) | $-2.74 Billion | 0.00% | 0.00x | $133.61 Million |
| Companhia Energética do Ceará - Coelce (COCE3) | $3.96 Billion | 16.19% | 2.11x | $301.78 Million |
| CPFL Energia S.A (CPFE3) | $21.80 Billion | 25.04% | 2.54x | $10.11 Billion |
| Companhia Paranaense de Energia - COPEL (CPLE3) | $13.68 Billion | 8.81% | 0.87x | $9.29 Billion |
| Energisa S.A (ENGI11) | $1.27 Billion | 16.70% | 2.35x | $4.62 Billion |
| Energisa S.A (ENGI3) | $4.77 Billion | 3.24% | 3.19x | $2.31 Billion |
| Energisa Mato Grosso - Distribuidora de Energia S/A (ENMT3) | $1.32 Billion | 7.95% | 2.34x | $563.02 Million |
About 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 operates as a subsidiary of Iberdrola, S.A.