CPFL Energia S.A (CPFE3) - Net Assets
Based on the latest financial reports, CPFL Energia S.A (CPFE3) has net assets worth R$23.50 Billion BRL (≈ $4.61 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$81.10 Billion ≈ $15.91 Billion USD) and total liabilities (R$57.60 Billion ≈ $11.30 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. Also explore CPFL Energia S.A assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$23.50 Billion |
| % of Total Assets | 28.98% |
| Annual Growth Rate | 10.6% |
| 5-Year Change | 39.86% |
| 10-Year Change | 126.6% |
| Growth Volatility | 12.1 |
CPFL Energia S.A - Net Assets Trend (2002–2025)
This chart illustrates how CPFL Energia S.A's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see CPFE3 stock market capitalisation.
Annual Net Assets for CPFL Energia S.A (2002–2025)
The table below shows the annual net assets of CPFL Energia S.A from 2002 to 2025. Explore cash flow conversion of CPFL Energia S.A to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$23.50 Billion ≈ $4.61 Billion |
+7.84% |
| 2024-12-31 | R$21.80 Billion ≈ $4.28 Billion |
+8.98% |
| 2023-12-31 | R$20.00 Billion ≈ $3.92 Billion |
+14.02% |
| 2022-12-31 | R$17.54 Billion ≈ $3.44 Billion |
+4.37% |
| 2021-12-31 | R$16.81 Billion ≈ $3.30 Billion |
+18.05% |
| 2020-12-31 | R$14.24 Billion ≈ $2.79 Billion |
+7.17% |
| 2019-12-31 | R$13.28 Billion ≈ $2.61 Billion |
+5.99% |
| 2018-12-31 | R$12.53 Billion ≈ $2.46 Billion |
+12.03% |
| 2017-12-31 | R$11.19 Billion ≈ $2.19 Billion |
+7.84% |
| 2016-12-31 | R$10.37 Billion ≈ $2.04 Billion |
+2.39% |
| 2015-12-31 | R$10.13 Billion ≈ $1.99 Billion |
+7.80% |
| 2014-12-31 | R$9.40 Billion ≈ $1.84 Billion |
+6.80% |
| 2013-12-31 | R$8.80 Billion ≈ $1.73 Billion |
+11.50% |
| 2012-12-31 | R$7.89 Billion ≈ $1.55 Billion |
-7.73% |
| 2011-12-31 | R$8.55 Billion ≈ $1.68 Billion |
+26.71% |
| 2010-12-31 | R$6.75 Billion ≈ $1.32 Billion |
+3.26% |
| 2009-12-31 | R$6.54 Billion ≈ $1.28 Billion |
+28.00% |
| 2008-12-31 | R$5.11 Billion ≈ $1.00 Billion |
+1.28% |
| 2007-12-31 | R$5.04 Billion ≈ $989.44 Million |
+3.83% |
| 2006-12-31 | R$4.86 Billion ≈ $952.94 Million |
+1.32% |
| 2005-12-31 | R$4.79 Billion ≈ $940.48 Million |
+15.24% |
| 2004-12-31 | R$4.16 Billion ≈ $816.12 Million |
+16.63% |
| 2003-12-31 | R$3.57 Billion ≈ $699.76 Million |
+54.13% |
| 2002-12-31 | R$2.31 Billion ≈ $453.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CPFL Energia S.A'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 419854028338.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$2.93 Billion | 13.02% |
| Common Stock | R$9.39 Billion | 41.74% |
| Other Comprehensive Income | R$10.17 Billion | 45.23% |
| Total Equity | R$22.49 Billion | 100.00% |
CPFL Energia S.A Competitors by Market Cap
The table below lists competitors of CPFL Energia S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Impala Platinum Holdings Ltd
JSE:IMP
|
$11.07 Billion |
|
Carrefour SA
PA:CA
|
$11.07 Billion |
|
Swiss Prime Site AG
SW:SPSN
|
$11.08 Billion |
|
Jack Henry & Associates Inc
NASDAQ:JKHY
|
$11.10 Billion |
|
Webster Financial Corporation
NYSE:WBS
|
$11.06 Billion |
|
Nutanix Inc
NASDAQ:NTNX
|
$11.06 Billion |
|
WOORI FIN. GRP SP.ADR/3
F:2WGA
|
$11.06 Billion |
|
CSPC PHARMACEUT.GR. ADR4
F:CVGU
|
$11.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CPFL Energia S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,731,762,000 to 22,489,774,000, a change of 1,758,012,000 (8.5%).
- Net income of 5,484,324,000 contributed positively to equity growth.
- Dividend payments of 3,519,769,000 reduced retained earnings.
- Other comprehensive income increased equity by 12,670,425,000.
- Other factors decreased equity by 12,876,968,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$5.48 Billion | +24.39% |
| Dividends Paid | R$3.52 Billion | -15.65% |
| Other Comprehensive Income | R$12.67 Billion | +56.34% |
| Other Changes | R$-12.88 Billion | -57.26% |
| Total Change | R$- | 8.48% |
Book Value vs Market Value Analysis
This analysis compares CPFL Energia S.A'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: 2.51x
- 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 16.55x to 2.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | R$2.96 | R$48.93 | x |
| 2003-12-31 | R$3.87 | R$48.93 | x |
| 2004-12-31 | R$4.18 | R$48.93 | x |
| 2005-12-31 | R$4.72 | R$48.93 | x |
| 2006-12-31 | R$4.78 | R$48.93 | x |
| 2007-12-31 | R$4.88 | R$48.93 | x |
| 2008-12-31 | R$4.94 | R$48.93 | x |
| 2009-12-31 | R$6.17 | R$48.93 | x |
| 2010-12-31 | R$6.38 | R$48.93 | x |
| 2011-12-31 | R$7.05 | R$48.93 | x |
| 2012-12-31 | R$6.27 | R$48.93 | x |
| 2013-12-31 | R$6.90 | R$48.93 | x |
| 2014-12-31 | R$6.82 | R$48.93 | x |
| 2015-12-31 | R$7.54 | R$48.93 | x |
| 2016-12-31 | R$7.83 | R$48.93 | x |
| 2017-12-31 | R$8.80 | R$48.93 | x |
| 2018-12-31 | R$10.08 | R$48.93 | x |
| 2019-12-31 | R$11.95 | R$48.93 | x |
| 2020-12-31 | R$12.09 | R$48.93 | x |
| 2021-12-31 | R$13.14 | R$48.93 | x |
| 2022-12-31 | R$14.11 | R$48.93 | x |
| 2023-12-31 | R$16.38 | R$48.93 | x |
| 2024-12-31 | R$17.99 | R$48.93 | x |
| 2025-12-31 | R$19.52 | R$48.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CPFL Energia S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.36%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 3.61x
- Recent ROE (24.39%) is above the historical average (18.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -35.32% | -10.98% | 0.55x | 5.86x | R$-961.17 Million |
| 2003 | -8.72% | -3.66% | 0.67x | 3.55x | R$-631.79 Million |
| 2004 | 7.14% | 3.01% | 0.75x | 3.15x | R$-114.97 Million |
| 2005 | 21.29% | 9.36% | 0.80x | 2.85x | R$541.33 Million |
| 2006 | 28.85% | 11.48% | 0.87x | 2.89x | R$915.25 Million |
| 2007 | 33.17% | 11.57% | 0.91x | 3.15x | R$1.15 Billion |
| 2008 | 25.42% | 13.18% | 0.60x | 3.24x | R$773.83 Million |
| 2009 | 26.43% | 14.59% | 0.61x | 2.95x | R$1.03 Billion |
| 2010 | 23.69% | 12.79% | 0.60x | 3.09x | R$888.91 Million |
| 2011 | 20.81% | 11.78% | 0.46x | 3.82x | R$775.23 Million |
| 2012 | 18.43% | 7.90% | 0.51x | 4.53x | R$538.18 Million |
| 2013 | 13.35% | 6.41% | 0.47x | 4.42x | R$235.03 Million |
| 2014 | 13.67% | 5.46% | 0.50x | 5.06x | R$254.82 Million |
| 2015 | 11.27% | 4.20% | 0.51x | 5.28x | R$97.52 Million |
| 2016 | 11.30% | 4.71% | 0.45x | 5.29x | R$103.88 Million |
| 2017 | 13.16% | 4.41% | 0.65x | 4.61x | R$283.60 Million |
| 2018 | 20.05% | 7.31% | 0.67x | 4.11x | R$1.03 Billion |
| 2019 | 20.80% | 9.03% | 0.68x | 3.39x | R$1.40 Billion |
| 2020 | 26.14% | 11.79% | 0.63x | 3.52x | R$2.25 Billion |
| 2021 | 31.35% | 12.11% | 0.59x | 4.37x | R$3.23 Billion |
| 2022 | 31.37% | 12.96% | 0.55x | 4.38x | R$3.47 Billion |
| 2023 | 29.28% | 13.91% | 0.53x | 3.97x | R$3.64 Billion |
| 2024 | 26.33% | 12.80% | 0.55x | 3.72x | R$3.38 Billion |
| 2025 | 24.39% | 12.36% | 0.55x | 3.61x | R$3.24 Billion |
Industry Comparison
This section compares CPFL Energia S.A's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $3,116,874,000
- Average return on equity (ROE) among peers: 18.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CPFL Energia S.A (CPFE3) | R$23.50 Billion | -35.32% | 2.45x | $11.06 Billion |
| Afluente Transmissão de Energia Elétrica S.A (AFLT3) | $79.67 Million | 22.21% | 0.17x | $95.93 Million |
| Companhia Energética de Brasília - CEB (CEBR3) | $834.41 Million | 18.23% | 3.36x | $229.42 Million |
| Companhiade Eletricidade do Estado da Bahia - COELBA (CEEB3) | $1.63 Billion | 49.95% | 1.60x | $1.45 Billion |
| Companhia Estadual de Distribuição de Energia Elétrica (CEED3) | $1.23 Billion | 0.00% | 2.12x | $130.80 Million |
| Companhia Energética do Ceará - Coelce (COCE3) | $3.11 Billion | 13.00% | 1.78x | $398.18 Million |
| Companhia Paranaense de Energia - COPEL (CPLE3) | $4.73 Billion | -6.77% | 0.81x | $9.27 Billion |
| Energisa S.A (ENGI11) | $6.05 Billion | 18.99% | 5.02x | $4.74 Billion |
| Energisa S.A (ENGI3) | $7.52 Billion | 18.16% | 5.06x | $2.58 Billion |
| Energisa Mato Grosso - Distribuidora de Energia S/A (ENMT3) | $2.88 Billion | 35.29% | 2.92x | $726.20 Million |
About CPFL Energia S.A
CPFL Energia S.A., through its subsidiaries, operates as an energy company in Brazil. It operates through Distribution, Generation, Transmission, Commercialization, and Services segments. The company generates electricity through hydroelectric, solar, wind, and biomass sources; and provides energy management and commercialization, energy efficiency, distributed generation, energy infrastructure, … Read more