Companhia Energética do Ceará - Coelce (COCE3) - Net Assets
Based on the latest financial reports, Companhia Energética do Ceará - Coelce (COCE3) has net assets worth R$5.61 Billion BRL (≈ $1.10 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$16.66 Billion ≈ $3.27 Billion USD) and total liabilities (R$11.05 Billion ≈ $2.17 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 COCE3 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$5.61 Billion |
| % of Total Assets | 33.65% |
| Annual Growth Rate | 7.72% |
| 5-Year Change | 56.63% |
| 10-Year Change | 136.07% |
| Growth Volatility | 11.87 |
Companhia Energética do Ceará - Coelce - Net Assets Trend (2004–2025)
This chart illustrates how Companhia Energética do Ceará - Coelce's net assets have evolved over time, based on quarterly financial data. See Companhia Energética do Ceará - Coelce defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Companhia Energética do Ceará - Coelce (2004–2025)
The table below shows the annual net assets of Companhia Energética do Ceará - Coelce from 2004 to 2025. For live valuation and market cap data, see Companhia Energética do Ceará - Coelce stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$5.46 Billion ≈ $1.07 Billion |
+6.26% |
| 2024-12-31 | R$5.14 Billion ≈ $1.01 Billion |
+22.63% |
| 2023-12-31 | R$4.19 Billion ≈ $822.38 Million |
+5.92% |
| 2022-12-31 | R$3.96 Billion ≈ $776.42 Million |
+13.48% |
| 2021-12-31 | R$3.49 Billion ≈ $684.17 Million |
+7.93% |
| 2020-12-31 | R$3.23 Billion ≈ $633.89 Million |
+3.74% |
| 2019-12-31 | R$3.11 Billion ≈ $611.03 Million |
+8.78% |
| 2018-12-31 | R$2.86 Billion ≈ $561.70 Million |
+10.83% |
| 2017-12-31 | R$2.58 Billion ≈ $506.81 Million |
+11.65% |
| 2016-12-31 | R$2.31 Billion ≈ $453.94 Million |
+15.38% |
| 2015-12-31 | R$2.01 Billion ≈ $393.43 Million |
+16.85% |
| 2014-12-31 | R$1.72 Billion ≈ $336.68 Million |
+9.55% |
| 2013-12-31 | R$1.57 Billion ≈ $307.34 Million |
+0.38% |
| 2012-12-31 | R$1.56 Billion ≈ $306.16 Million |
+6.07% |
| 2011-12-31 | R$1.47 Billion ≈ $288.64 Million |
+8.42% |
| 2010-12-31 | R$1.36 Billion ≈ $266.23 Million |
+30.63% |
| 2009-12-31 | R$1.04 Billion ≈ $203.81 Million |
+13.26% |
| 2008-12-31 | R$917.10 Million ≈ $179.95 Million |
+7.84% |
| 2007-12-31 | R$850.45 Million ≈ $166.87 Million |
+8.97% |
| 2006-12-31 | R$780.46 Million ≈ $153.14 Million |
+6.34% |
| 2005-12-31 | R$733.92 Million ≈ $144.01 Million |
-35.98% |
| 2004-12-31 | R$1.15 Billion ≈ $224.93 Million |
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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 332792000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$3.33 Billion | 60.94% |
| Common Stock | R$2.13 Billion | 39.06% |
| Other Comprehensive Income | R$3.33 Billion | 60.94% |
| Total Equity | R$5.46 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 |
|---|---|
|
Grieg Seafood ASA
OL:GSF
|
$349.14 Million |
|
Tesco PLC
LSE:TSCO
|
$349.26 Million |
|
Smart Eye AB
ST:SEYE
|
$349.44 Million |
|
IBASE Technology
TWO:8050
|
$349.53 Million |
|
Myer Holdings Ltd
AU:MYR
|
$349.01 Million |
|
Shanghai Fenghwa Group Co Ltd
SHG:600615
|
$348.98 Million |
|
TSS, Inc. Common Stock
NASDAQ:TSSI
|
$348.96 Million |
|
Bakkt Holdings Inc
NYSE:BKKT
|
$348.94 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 2024 to 2025, total equity changed from 5,139,622,000 to 5,461,400,000, a change of 321,778,000 (6.3%).
- Net income of 393,974,000 contributed positively to equity growth.
- Dividend payments of 27,890,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,327,920,000.
- Other factors decreased equity by 3,372,226,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$393.97 Million | +7.21% |
| Dividends Paid | R$27.89 Million | -0.51% |
| Other Comprehensive Income | R$3.33 Billion | +60.94% |
| Other Changes | R$-3.37 Billion | -61.75% |
| Total Change | R$- | 6.26% |
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: 0.53x
- 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 2.26x to 0.53x 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$33.32 | x |
| 2005-12-31 | R$9.43 | R$33.32 | x |
| 2006-12-31 | R$10.02 | R$33.32 | x |
| 2007-12-31 | R$10.92 | R$33.32 | x |
| 2008-12-31 | R$11.78 | R$33.32 | x |
| 2009-12-31 | R$13.34 | R$33.32 | x |
| 2010-12-31 | R$17.43 | R$33.32 | x |
| 2011-12-31 | R$30.60 | R$33.32 | x |
| 2012-12-31 | R$32.46 | R$33.32 | x |
| 2013-12-31 | R$32.59 | R$33.32 | x |
| 2014-12-31 | R$22.04 | R$33.32 | x |
| 2015-12-31 | R$25.75 | R$33.32 | x |
| 2016-12-31 | R$29.71 | R$33.32 | x |
| 2017-12-31 | R$33.18 | R$33.32 | x |
| 2018-12-31 | R$36.77 | R$33.32 | x |
| 2019-12-31 | R$40.00 | R$33.32 | x |
| 2020-12-31 | R$41.49 | R$33.32 | x |
| 2021-12-31 | R$44.79 | R$33.32 | x |
| 2022-12-31 | R$50.82 | R$33.32 | x |
| 2023-12-31 | R$53.83 | R$33.32 | x |
| 2024-12-31 | R$66.02 | R$33.32 | x |
| 2025-12-31 | R$63.28 | R$33.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Companhia Energética do Ceará - Coelce utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.30%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 3.05x
- Recent ROE (7.21%) is below the historical average (19.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 3.19% | 2.74% | 0.56x | 2.08x | R$-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$-49.05 Million |
| 2025 | 7.21% | 4.30% | 0.55x | 3.05x | R$-152.17 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: $2,102,570,889
- Average return on equity (ROE) among peers: 12.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Companhia Energética do Ceará - Coelce (COCE3) | R$5.61 Billion | 3.19% | 1.97x | $349.14 Million |
| Afluente Transmissão de Energia Elétrica S.A (AFLT3) | $78.42 Million | 16.11% | 0.14x | $94.08 Million |
| Companhia Energética de Brasília - CEB (CEBR3) | $1.00 Billion | 11.90% | 2.68x | $187.91 Million |
| Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) | $2.45 Billion | 5.33% | 0.91x | $1.37 Billion |
| Companhia Estadual de Distribuição de Energia Elétrica (CEED3) | $15.98 Million | 39.41% | 110.50x | $108.89 Million |
| CPFL Energia S.A (CPFE3) | $7.89 Billion | 14.91% | 2.67x | $9.95 Billion |
| Companhia Paranaense de Energia - COPEL (CPLE3) | $4.73 Billion | -6.77% | 0.81x | $8.61 Billion |
| Energisa S.A (ENGI11) | $604.62 Million | 20.93% | 4.49x | $4.08 Billion |
| Energisa S.A (ENGI3) | $883.55 Million | 2.03% | 1.63x | $2.24 Billion |
| Energisa Mato Grosso - Distribuidora de Energia S/A (ENMT3) | $1.28 Billion | 11.50% | 1.78x | $552.35 Million |
About 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.