B3 · BRL

AFLT3

Afluente Transmissao De Energia Eletrica SA

R$7.00-5.41% (-R$0.40)
Day's range
R$7.32 – R$7.37
Day's volume
R$1.4k
52-week range
R$6.70 – R$8.50

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AFLT3 in numbers

Market cap
R$464.9m
P/E
12.38
P/B
1.81
Dividend yield (12m)
11.64%
Net debt/EBITDA
-0.64

The 12-month dividend yield of AFLT3 is 11.64%, above its 5-year average of 6.14%.

AFLT3 price history

01/10/202501/10/2026
Compare with

AFLT3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+10.01%+15.01%+19.26%
Volatility (annualised)12.48%19.81%19.43%
Largest drawdown-4.01%-16.18%-22.75%
Positive months7/1216/3629/60

How much did investing in AFLT3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$1,138.88 today.

Value today in AFLT3
R$1,138.88
Return over the period
+13.89%
Return per year
+2.64%
In the Ibovespa
R$1,809.10

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AFLT3 fundamentals

Valuation

  • P/E
    12.38
  • P/B
    1.81
  • EV/EBITDA
    9.74
  • EV/EBIT
    9.79
  • EV/Revenue
    6.85
  • P/EBIT
    10.44
  • P/S
    7.30
  • P/OCF
    7.19
  • P/FCF
    7.19
  • Earnings yield
    10.21%
  • PEG ratio
    0.36
  • Earnings per share
    R$0.57
  • Book value per share
    R$3.86

Debt

  • Net debt
    -R$28.6m
  • Net debt/EBITDA
    -0.64
  • Net debt/Equity
    -0.12
  • Debt/Equity
    0.11
  • Current ratio
    1.85
  • Quick ratio
    1.80
  • Cash ratio
    0.74

Efficiency

  • Gross margin
    79.20%
  • EBITDA margin
    70.33%
  • Operating margin
    69.95%
  • Net margin
    55.98%
  • Asset turnover
    0.17

Profitability

  • ROE
    14.63%
  • ROA
    9.66%
  • ROIC
    16.47%
  • Payout
    144.19%

Growth

  • Revenue CAGR (5 years)
    11.59%
  • Earnings CAGR (5 years)
    12.54%
  • Revenue growth (year)
    -42.83%
  • Earnings growth (year)
    -29.97%
  • Revenue growth (quarter)
    -15.93%
  • Earnings growth (quarter)
    36.52%

What is AFLT3's fair price?

Two classic value formulas, with today's numbers. The current price is R$7.00.

Graham's fair price
R$7.01
0.12% above the price

√(22.50 × R$0.57 × R$3.86)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$8.24
17.72% above the price

R$0.49 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

AFLT3 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E19.0113.2618.8715.605.6133.2527.6715.48
P/B1.831.782.132.242.263.323.261.79
EV/EBITDA13.8610.8317.7814.655.2530.6525.9814.01
Dividend yield5.98%8.15%6.92%2.55%7.10%7.33%0.95%3.25%
Earnings per shareR$0.38R$0.54R$0.46R$0.59R$1.58R$0.30R$0.40R$0.36
Book value per shareR$3.92R$4.01R$4.03R$4.13R$3.92R$2.97R$3.40R$3.10
ROE9.63%13.45%11.30%14.38%40.32%9.98%11.78%11.55%
ROIC10.01%12.02%10.81%14.56%42.92%11.18%14.07%12.80%
Gross margin76.73%55.71%51.98%61.82%88.64%64.85%66.32%70.23%
EBITDA margin66.33%50.96%45.05%53.42%85.86%53.72%64.63%67.99%
Net margin48.47%39.57%42.66%52.03%82.95%52.07%65.40%67.14%
Net debt/EBITDA-0.030.54-0.09-0.55-0.17-1.58-2.02-1.28

AFLT3 financial statements

Line202520242023202220212020
Net revenueR$49.2mR$86mR$67.3mR$72.1mR$120.3mR$35.9m
Cost of sales-R$11.4m-R$38.1m-R$32.3m-R$27.5m-R$13.7m-R$12.6m
Gross profitR$37.7mR$47.9mR$35mR$44.5mR$106.7mR$23.3m
EBITDAR$32.6mR$43.8mR$30.3mR$38.5mR$103.3mR$19.3m
EBITR$32.5mR$43.6mR$30.1mR$38.3mR$103.2mR$19.2m
Net finance result-R$1.1mR$1.1mR$1.7mR$2.8mR$934kR$1.3m
Profit before taxR$31.3mR$44.7mR$31.8mR$41.1mR$104.2mR$20.4m
Income tax-R$7.5m-R$10.7m-R$3.1m-R$3.7m-R$4.4m-R$1.7m
Net incomeR$23.8mR$34mR$28.7mR$37.5mR$99.8mR$18.7m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

AFLT3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
AFLT3Afluente Transmissão De Energia Elétrica S/a12.381.8111.64%14.63%R$464.9m
AXIA3AXIA313.251.313.45%9.86%R$157.6bn
AXIA7AXIA7——0.00%—R$157.6bn
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO12.072.1512.67%17.80%R$96.7bn
ENEV3ENEVA S.A56.682.680.00%4.73%R$54.6bn
CPFE3CPFL ENERGIA S.A.8.902.358.05%26.43%R$53.4bn
EQTL3EQUATORIAL S.A.53.271.953.91%3.67%R$51.1bn

Does AFLT3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend24/07/202631/12/2026R$0.16
Interest on equity24/06/202631/12/2026R$0.15
Dividend09/04/202631/12/2026R$0.24

Dividend yield per year

  • 23.54%2017
  • 3.25%2018
  • 0.95%2019
  • 7.33%2020
  • 7.10%2021
  • 2.55%2022
  • 6.92%2023
  • 8.15%2024
  • 5.98%2025
  • 1.70%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity30/12/202520/05/2026R$0.13
Interest on equity02/07/202531/12/2025R$0.02
Dividend14/04/202512/11/2025R$0.33
Interest on equity23/12/202412/11/2025R$0.09
Interest on equity25/06/202420/12/2024R$0.13
Dividend10/04/202420/12/2024R$0.34
Dividend10/04/202420/12/2024R$0.11
Dividend20/04/202327/12/2023R$0.33
Dividend20/04/202304/05/2023R$0.15
Dividend20/04/202304/05/2023R$0.11
Dividend18/04/202220/12/2022R$0.24
Dividend03/12/202121/12/2021R$0.19
See all 35 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend07/04/202125/06/2021R$0.32
Dividend07/04/202112/05/2021R$0.12
Dividend23/09/202022/10/2020R$0.17
Dividend29/07/202025/08/2020R$0.29
Dividend29/07/202025/08/2020R$0.25
Dividend12/12/201923/12/2019R$0.11
Dividend23/10/201812/11/2018R$0.10
Dividend27/03/201809/05/2018R$0.08
Dividend20/09/201731/12/2017R$0.12
Dividend12/04/201726/04/2017R$0.10
Other12/04/201720/04/2017R$0.48
Interest on equity12/04/201720/04/2017R$0.48
Dividend06/09/201615/09/2016R$0.12
Dividend28/04/201618/05/2016R$0.19
Dividend18/09/201430/09/2014R$0.10
Dividend23/08/201311/09/2013R$0.14
Interest on equity09/04/2026—R$0.14
Interest on equity14/04/2025—R$0.21
Dividend28/04/2015—R$0.12
Dividend29/04/2014—R$0.15
Dividend29/04/2013—R$0.27
Dividend20/04/2012—R$0.32
Dividend29/04/2011—R$0.25
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation10/12/20071 for 1000

About Afluente Transmissão De Energia Elétrica S/a

Sector
Energia
Segment
Energia Elétrica
Listing segment
Traditional
Tag along
80.00%
Free float
1.33%
Shares issued
63.08m ordinary
Average daily trading
R$3.3k
Listed since
25/10/2010
CNPJ
10.338.320/0001-00

A Afluente Transmissão de Energia Elétrica S.A. (AFLT3) atua em infraestrutura de transmissão, com foco em linhas e instalações que integram a rede elétrica brasileira. A empresa opera ativos com receita vinculada a regras regulatórias do setor, em que disponibilidade e confiabilidade do sistema são fatores essenciais. O negócio é caracterizado por contratos de longo prazo, exigência técnica elevada e investimentos contínuos em manutenção, reforços e conformidade operacional. No segmento de transmissão, a geração de caixa depende da RAP e da eficiência na gestão de custos, indisponibilidades e obrigações regulatórias. A companhia convive com requisitos de qualidade de serviço, fiscalização setorial e necessidade de gestão de ativos ao longo de ciclos extensos. Em termos competitivos, participa de um mercado com operadores nacionais e internacionais, no qual governança, execução de projetos e disciplina financeira são determinantes para sustentar resultados.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Neoenergia S.AControlling90.18%0.00%90.18%
Iberdrola Energia S.A.8.50%0.00%8.50%
Outros1.33%0.00%1.33%

Questions about AFLT3

How much is AFLT3 today?

AFLT3 is at R$7.00 (-5.41% on the day), last traded on 01/10/2026.

How much did AFLT3 pay in dividends in 2025?

AFLT3 paid R$0.43 per share in 2025, a dividend yield of 5.98%.

When is the next AFLT3 dividend?

The next announced payment is R$0.16 per share on 31/12/2026.

What are the P/E and P/B of AFLT3?

AFLT3 trades at a P/E of 12.38 and a P/B of 1.81.

How much did AFLT3 return in 12 months?

AFLT3 returned 10.01% in 12 months, with annualised volatility of 12.48% and a largest drawdown of -4.01%.

What sector is AFLT3 in?

Afluente Transmissão De Energia Elétrica S/a is in the Energia sector, Energia Elétrica segment.