Companhia Energética do Ceará - Coelce
Companhia Energética do Ceará " COELCE distributes electricity in Brazil. It operates in 184 municipalities in the state of Ceará in Brazil. Companhia Energética do Ceará is headquartered in Fortaleza, Brazil. Companhia Energética do Ceará - COELCE is a subsidiary of Enel Brazil S.A.
Companhia Energética do Ceará - Coelce (COCE3) - Net Assets
Latest net assets as of September 2025: R$5.21 Billion BRL
Based on the latest financial reports, Companhia Energética do Ceará - Coelce (COCE3) has net assets worth R$5.21 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$16.26 Billion) and total liabilities (R$11.05 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$5.21 Billion |
| % of Total Assets | 32.06% |
| Annual Growth Rate | 7.79% |
| 5-Year Change | 59.09% |
| 10-Year Change | 156.33% |
| Growth Volatility | 12.16 |
Companhia Energética do Ceará - Coelce - Net Assets Trend (2004–2024)
This chart illustrates how Companhia Energética do Ceará - Coelce's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Companhia Energética do Ceará - Coelce (2004–2024)
The table below shows the annual net assets of Companhia Energética do Ceará - Coelce from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$5.14 Billion | +22.63% |
| 2023-12-31 | R$4.19 Billion | +5.92% |
| 2022-12-31 | R$3.96 Billion | +13.48% |
| 2021-12-31 | R$3.49 Billion | +7.93% |
| 2020-12-31 | R$3.23 Billion | +3.74% |
| 2019-12-31 | R$3.11 Billion | +8.78% |
| 2018-12-31 | R$2.86 Billion | +10.83% |
| 2017-12-31 | R$2.58 Billion | +11.65% |
| 2016-12-31 | R$2.31 Billion | +15.38% |
| 2015-12-31 | R$2.01 Billion | +16.85% |
| 2014-12-31 | R$1.72 Billion | +9.55% |
| 2013-12-31 | R$1.57 Billion | +0.38% |
| 2012-12-31 | R$1.56 Billion | +6.07% |
| 2011-12-31 | R$1.47 Billion | +8.42% |
| 2010-12-31 | R$1.36 Billion | +30.63% |
| 2009-12-31 | R$1.04 Billion | +13.26% |
| 2008-12-31 | R$917.10 Million | +7.84% |
| 2007-12-31 | R$850.45 Million | +8.97% |
| 2006-12-31 | R$780.46 Million | +6.34% |
| 2005-12-31 | R$733.92 Million | -35.98% |
| 2004-12-31 | R$1.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Companhia Energética do Ceará - Coelce'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 317147200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$3.17 Billion | 61.71% |
| Common Stock | R$1.39 Billion | 27.01% |
| Other Components | R$579.80 Million | 11.28% |
| Total Equity | R$5.14 Billion | 100.00% |
Companhia Energética do Ceará - Coelce Competitors by Market Cap
The table below lists competitors of Companhia Energética do Ceará - Coelce ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CVW CleanTech Inc
OTCQX:CVWFF
|
$70.61 Million |
|
VROYF
PINK:VROYF
|
$70.62 Million |
|
7730
TW:7730
|
$70.62 Million |
|
Fonet Bilgi Teknolojileri AS
IS:FONET
|
$70.63 Million |
|
Skue Sparebank
OL:SKUE
|
$70.56 Million |
|
Value Valves Co Ltd
TWO:4580
|
$70.55 Million |
|
Aurion Resources Ltd
OTCQX:AIRRF
|
$70.55 Million |
|
OFX Group Ltd
AU:OFX
|
$70.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Companhia Energética do Ceará - Coelce's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,191,147,000 to 5,139,622,000, a change of 948,475,000 (22.6%).
- Net income of 464,914,000 contributed positively to equity growth.
- Dividend payments of 20,860,000 reduced retained earnings.
- Other comprehensive income decreased equity by 352,391,000.
- Other factors increased equity by 856,812,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$464.91 Million | +9.05% |
| Dividends Paid | R$20.86 Million | -0.41% |
| Other Comprehensive Income | R$-352.39 Million | -6.86% |
| Other Changes | R$856.81 Million | +16.67% |
| Total Change | R$- | 22.63% |
Book Value vs Market Value Analysis
This analysis compares Companhia Energética do Ceará - Coelce'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: 0.58x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.58x to 0.58x 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$14.72 | R$38.00 | x |
| 2005-12-31 | R$9.43 | R$38.00 | x |
| 2006-12-31 | R$10.02 | R$38.00 | x |
| 2007-12-31 | R$10.92 | R$38.00 | x |
| 2008-12-31 | R$11.78 | R$38.00 | x |
| 2009-12-31 | R$13.34 | R$38.00 | x |
| 2010-12-31 | R$17.43 | R$38.00 | x |
| 2011-12-31 | R$30.60 | R$38.00 | x |
| 2012-12-31 | R$32.46 | R$38.00 | x |
| 2013-12-31 | R$32.59 | R$38.00 | x |
| 2014-12-31 | R$22.04 | R$38.00 | x |
| 2015-12-31 | R$25.75 | R$38.00 | x |
| 2016-12-31 | R$29.71 | R$38.00 | x |
| 2017-12-31 | R$33.18 | R$38.00 | x |
| 2018-12-31 | R$36.77 | R$38.00 | x |
| 2019-12-31 | R$40.00 | R$38.00 | x |
| 2020-12-31 | R$41.49 | R$38.00 | x |
| 2021-12-31 | R$44.79 | R$38.00 | x |
| 2022-12-31 | R$50.82 | R$38.00 | x |
| 2023-12-31 | R$53.83 | R$38.00 | x |
| 2024-12-31 | R$66.02 | R$38.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Companhia Energética do Ceará - Coelce utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.05%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.17%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.80x
- Recent ROE (9.05%) is below the historical average (19.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 3.19% | 2.74% | 0.56x | 2.08x | R$-78.10 Million |
| 2005 | 25.77% | 12.72% | 0.62x | 3.27x | R$115.73 Million |
| 2006 | 38.22% | 17.63% | 0.67x | 3.22x | R$220.21 Million |
| 2007 | 28.78% | 14.38% | 0.66x | 3.03x | R$159.71 Million |
| 2008 | 36.91% | 17.68% | 0.69x | 3.03x | R$246.81 Million |
| 2009 | 32.20% | 15.62% | 0.74x | 2.77x | R$230.58 Million |
| 2010 | 34.78% | 16.56% | 0.93x | 2.27x | R$336.22 Million |
| 2011 | 32.03% | 17.93% | 0.78x | 2.28x | R$324.08 Million |
| 2012 | 26.92% | 14.51% | 0.81x | 2.28x | R$263.97 Million |
| 2013 | 10.00% | 5.49% | 0.85x | 2.15x | R$-76.30K |
| 2014 | 14.66% | 6.95% | 0.90x | 2.35x | R$79.97 Million |
| 2015 | 18.11% | 8.80% | 0.90x | 2.30x | R$162.57 Million |
| 2016 | 16.99% | 9.59% | 0.83x | 2.13x | R$161.71 Million |
| 2017 | 16.87% | 9.48% | 0.81x | 2.21x | R$177.49 Million |
| 2018 | 12.73% | 7.14% | 0.79x | 2.27x | R$78.26 Million |
| 2019 | 13.00% | 7.53% | 0.62x | 2.78x | R$93.50 Million |
| 2020 | 8.21% | 4.52% | 0.63x | 2.90x | R$-57.87 Million |
| 2021 | 14.01% | 6.02% | 0.72x | 3.22x | R$139.91 Million |
| 2022 | 16.19% | 4.71% | 1.11x | 3.11x | R$244.88 Million |
| 2023 | 7.53% | 3.66% | 0.66x | 3.13x | R$-103.64 Million |
| 2024 | 9.05% | 6.17% | 0.52x | 2.80x | R$-49.05 Million |
Industry Comparison
This section compares Companhia Energética do Ceará - Coelce's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $2,406,859,444
- Average return on equity (ROE) among peers: 7.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Companhia Energética do Ceará - Coelce (COCE3) | R$5.21 Billion | 3.19% | 2.12x | $70.61 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 |
| Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) | $5.21 Billion | 12.27% | 1.79x | $20.78 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 |
| 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 |