CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A. engages in the electric transmission business in Brazil. As of December 31, 2023, it had a total installed transformation capacity of 85,000 MVA together with transmission lines of 23, 0000 kilometers; 32, 0000 kilometers of circuits; and 137 substations. It operates in the states of Alagoas, Bahia, Espírito Santo, Goiás, Maranhão… Read more
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A (TRPL3) - Net Assets
Latest net assets as of September 2024: R$20.23 Billion BRL
Based on the latest financial reports, CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A (TRPL3) has net assets worth R$20.23 Billion BRL as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$40.65 Billion) and total liabilities (R$20.42 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$20.23 Billion |
| % of Total Assets | 49.76% |
| Annual Growth Rate | 8.62% |
| 5-Year Change | 29.29% |
| 10-Year Change | 240.28% |
| Growth Volatility | 18.96 |
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A - Net Assets Trend (2004–2023)
This chart illustrates how CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A (2004–2023)
The table below shows the annual net assets of CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A from 2004 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | R$17.79 Billion | +7.59% |
| 2022-12-31 | R$16.54 Billion | +11.79% |
| 2021-12-31 | R$14.79 Billion | +4.72% |
| 2020-12-31 | R$14.13 Billion | +2.64% |
| 2019-12-31 | R$13.76 Billion | +21.79% |
| 2018-12-31 | R$11.30 Billion | +0.89% |
| 2017-12-31 | R$11.20 Billion | +8.76% |
| 2016-12-31 | R$10.30 Billion | +86.71% |
| 2015-12-31 | R$5.52 Billion | +5.48% |
| 2014-12-31 | R$5.23 Billion | +6.44% |
| 2013-12-31 | R$4.91 Billion | -3.26% |
| 2012-12-31 | R$5.08 Billion | +11.87% |
| 2011-12-31 | R$4.54 Billion | -0.53% |
| 2010-12-31 | R$4.56 Billion | +9.04% |
| 2009-12-31 | R$4.19 Billion | +2.00% |
| 2008-12-31 | R$4.10 Billion | +3.91% |
| 2007-12-31 | R$3.95 Billion | +5.43% |
| 2006-12-31 | R$3.75 Billion | -2.14% |
| 2005-12-31 | R$3.83 Billion | +3.57% |
| 2004-12-31 | R$3.70 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CTEEP - Companhia de Transmissão de Energia Elétrica Paulista 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 1591.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$8.16 Billion | 46.95% |
| Common Stock | R$3.59 Billion | 20.66% |
| Other Comprehensive Income | R$5.63 Billion | 32.40% |
| Total Equity | R$17.38 Billion | 100.00% |
CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A Competitors by Market Cap
The table below lists competitors of CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TAIKISHA LTD
F:75L
|
$983.30 Million |
|
Jihua Group Corp Ltd
SHG:601718
|
$983.56 Million |
|
T1 Energy Inc.
NYSE:TE
|
$983.80 Million |
|
Teladoc Inc
NYSE:TDOC
|
$984.48 Million |
|
Ship Healthcare Holdings Inc
PINK:SHHPF
|
$982.93 Million |
|
Also Holding AG
SW:ALSN
|
$982.70 Million |
|
Fielmann AG
LSE:0MG1
|
$982.64 Million |
|
Premier Financial Corp
NASDAQ:PFC
|
$982.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 16,177,452,000 to 17,380,062,000, a change of 1,202,610,000 (7.4%).
- Net income of 2,841,117,000 contributed positively to equity growth.
- Dividend payments of 597,757,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,804,584,000.
- Other factors decreased equity by 3,845,334,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$2.84 Billion | +16.35% |
| Dividends Paid | R$597.76 Million | -3.44% |
| Other Comprehensive Income | R$2.80 Billion | +16.14% |
| Other Changes | R$-3.85 Billion | -22.12% |
| Total Change | R$- | 7.43% |
Book Value vs Market Value Analysis
This analysis compares CTEEP - Companhia de Transmissão de Energia Elétrica Paulista 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: 1.21x
- 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 5.47x to 1.21x 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$5.84 | R$31.95 | x |
| 2005-12-31 | R$6.05 | R$31.95 | x |
| 2006-12-31 | R$5.92 | R$31.95 | x |
| 2007-12-31 | R$6.24 | R$31.95 | x |
| 2009-12-31 | R$6.55 | R$31.95 | x |
| 2010-12-31 | R$6.94 | R$31.95 | x |
| 2011-12-31 | R$6.91 | R$31.95 | x |
| 2012-12-31 | R$8.16 | R$31.95 | x |
| 2013-12-31 | R$7.66 | R$31.95 | x |
| 2014-12-31 | R$7.98 | R$31.95 | x |
| 2015-12-31 | R$8.12 | R$31.95 | x |
| 2016-12-31 | R$15.39 | R$31.95 | x |
| 2017-12-31 | R$16.67 | R$31.95 | x |
| 2018-12-31 | R$16.80 | R$31.95 | x |
| 2019-12-31 | R$22.18 | R$31.95 | x |
| 2020-12-31 | R$20.87 | R$31.95 | x |
| 2021-12-31 | R$21.85 | R$31.95 | x |
| 2022-12-31 | R$24.55 | R$31.95 | x |
| 2023-12-31 | R$26.38 | R$31.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.71%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.07x
- Recent ROE (16.35%) is above the historical average (16.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 9.44% | 31.77% | 0.24x | 1.24x | R$-20.75 Million |
| 2005 | 12.24% | 40.61% | 0.23x | 1.30x | R$85.55 Million |
| 2006 | 3.14% | 8.90% | 0.25x | 1.39x | R$-256.80 Million |
| 2007 | 21.66% | 65.04% | 0.25x | 1.31x | R$460.60 Million |
| 2009 | 19.78% | 49.99% | 0.26x | 1.51x | R$409.48 Million |
| 2010 | 17.80% | 46.81% | 0.27x | 1.42x | R$355.79 Million |
| 2011 | 20.16% | 31.55% | 0.34x | 1.85x | R$461.32 Million |
| 2012 | 16.61% | 29.92% | 0.29x | 1.94x | R$335.67 Million |
| 2013 | 0.65% | 3.25% | 0.14x | 1.43x | R$-459.32 Million |
| 2014 | 7.32% | 34.30% | 0.15x | 1.38x | R$-138.29 Million |
| 2015 | 9.45% | 39.19% | 0.18x | 1.38x | R$-29.19 Million |
| 2016 | 48.75% | 63.32% | 0.52x | 1.49x | R$3.92 Billion |
| 2017 | 12.43% | 50.55% | 0.16x | 1.57x | R$267.04 Million |
| 2018 | 17.00% | 59.09% | 0.17x | 1.68x | R$774.80 Million |
| 2019 | 14.94% | 53.33% | 0.15x | 1.83x | R$583.20 Million |
| 2020 | 24.44% | 90.94% | 0.15x | 1.79x | R$1.99 Billion |
| 2021 | 20.96% | 54.55% | 0.19x | 2.01x | R$1.58 Billion |
| 2022 | 13.98% | 41.50% | 0.17x | 1.99x | R$644.50 Million |
| 2023 | 16.35% | 45.71% | 0.17x | 2.07x | R$1.10 Billion |
Industry Comparison
This section compares CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $17,380,140,000
- Average return on equity (ROE) among peers: 16.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A (TRPL3) | R$20.23 Billion | 9.44% | 1.01x | $983.01 Million |
| ISA ENERGIA BRASIL (ISAE3) | $17.38 Billion | 16.35% | 1.07x | $1.53 Billion |