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B3 · BRL

CEEB5

Companhia de Electricidade do Estado da Bahia - COELBA Pfd A

R$40.00-11.11% (-R$5.00)
Day's range
R$40.00 – R$40.00
Day's volume
R$4k
52-week range
R$34.01 – R$49.00

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See how CEEB5 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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CEEB5 in numbers

Market cap
R$11.4bn
P/E
7.03
P/B
1.26
Dividend yield (12m)
15.83%
Net debt/EBITDA
3.61

The 12-month dividend yield of CEEB5 is 15.83%, above its 5-year average of 14.60%.

CEEB5 price history

01/10/202529/09/2026
Compare with

CEEB5 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-2.45%+23.71%+86.90%
Volatility (annualised)28.27%30.18%37.30%
Largest drawdown-13.93%-19.40%-32.85%
Positive months6/1216/3627/60

How much did investing in CEEB5 return?

R$1,000.00 invested on 01/09/2021 would be worth R$2,102.59 today.

Value today in CEEB5
R$2,102.59
Return over the period
+110.26%
Return per year
+16.03%
In the Ibovespa
R$1,657.66

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

CEEB5 fundamentals

Valuation

  • P/E
    7.03
  • P/B
    1.26
  • EV/EBITDA
    5.72
  • EV/EBIT
    7.20
  • EV/Revenue
    1.59
  • P/EBIT
    2.65
  • P/S
    0.59
  • P/OCF
    14.78
  • P/FCF
    -3.13
  • Earnings yield
    13.89%
  • PEG ratio
    —
  • Earnings per share
    R$5.69
  • Book value per share
    R$31.73

Debt

  • Net debt
    R$19.5bn
  • Net debt/EBITDA
    3.61
  • Net debt/Equity
    2.35
  • Debt/Equity
    2.56
  • Current ratio
    1.20
  • Quick ratio
    1.20
  • Cash ratio
    0.29

Efficiency

  • Gross margin
    28.41%
  • EBITDA margin
    27.88%
  • Operating margin
    22.16%
  • Net margin
    7.70%
  • Asset turnover
    0.51

Profitability

  • ROE
    17.94%
  • ROA
    3.93%
  • ROIC
    12.51%
  • Payout
    111.24%

Growth

  • Revenue CAGR (5 years)
    8.47%
  • Earnings CAGR (5 years)
    -0.48%
  • Revenue growth (year)
    11.20%
  • Earnings growth (year)
    8.08%
  • Revenue growth (quarter)
    10.72%
  • Earnings growth (quarter)
    -30.02%

What is CEEB5's fair price?

Two classic value formulas, with today's numbers. The current price is R$40.00.

Graham's fair price
R$63.75
59.36% above the price

√(22.50 × R$5.69 × R$31.73)

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$88.70
121.76% above the price

R$5.32 (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.

CEEB5 indicators by year

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

Indicator20252024202320222021202020192018
P/E5.230.600.640.610.711.121.171.09
P/B1.300.150.180.160.190.220.230.13
EV/EBITDA5.283.203.113.293.413.655.085.39
Dividend yield15.18%8.78%11.70%20.57%16.79%1.11%10.66%2.06%
Earnings per shareR$7.46R$59.60R$60.62R$51.65R$55.02R$40.18R$33.28R$21.05
Book value per shareR$29.94R$244.72R$212.18R$194.85R$203.58R$201.37R$172.04R$171.57
ROE24.90%24.35%28.57%26.51%27.02%19.95%19.34%12.27%
ROIC15.40%14.69%17.38%14.75%13.51%11.26%9.55%7.39%
Gross margin29.26%30.04%30.89%29.18%25.04%22.62%22.76%18.67%
EBITDA margin28.73%29.90%30.66%28.44%24.49%21.13%21.04%17.13%
Net margin10.63%10.94%12.13%11.21%11.70%10.80%9.88%6.91%
Net debt/EBITDA3.352.992.863.053.073.084.534.95

CEEB5 financial statements

Line202520242023202220212020
Net revenueR$18.4bnR$16.5bnR$15.2bnR$14bnR$14.3bnR$11.3bn
Cost of sales-R$13bn-R$11.6bn-R$10.5bn-R$9.9bn-R$10.7bn-R$8.7bn
Gross profitR$5.4bnR$5bnR$4.7bnR$4.1bnR$3.6bnR$2.6bn
EBITDAR$5.3bnR$4.9bnR$4.6bnR$4bnR$3.5bnR$2.4bn
EBITR$4.2bnR$4bnR$3.8bnR$3.2bnR$2.8bnR$1.8bn
Net finance result-R$2.1bn-R$1.8bn-R$1.8bn-R$1.3bn-R$757m-R$353m
Profit before taxR$2.1bnR$2.2bnR$2bnR$1.9bnR$2.1bnR$1.5bn
Income tax-R$144m-R$398m-R$186m-R$320m-R$392m-R$239m
Net incomeR$2bnR$1.8bnR$1.8bnR$1.6bnR$1.7bnR$1.2bn

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

CEEB5 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
CEEB5Cia Eletricidade Est. Da Bahia - Coelba7.031.2615.83%17.94%R$11.4bn
AXIA3AXIA313.391.323.41%9.86%R$159bn
AXIA7AXIA7——0.00%—R$159bn
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO12.062.1512.68%17.80%R$96.7bn
ENEV3ENEVA S.A56.292.660.00%4.73%R$54.2bn
CPFE3CPFL ENERGIA S.A.8.732.318.20%26.43%R$52.4bn
EQTL3EQUATORIAL S.A.53.421.963.89%3.67%R$51.2bn

Does CEEB5 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Interest on equity23/09/202631/12/2026R$0.50
Interest on equity24/06/202631/12/2026R$0.50
Interest on equity10/03/202631/12/2026R$0.50
Interest on equity30/12/202531/12/2026R$0.45

Dividend yield per year

  • 8.16%2017
  • 2.06%2018
  • 10.66%2019
  • 1.11%2020
  • 16.79%2021
  • 20.57%2022
  • 11.70%2023
  • 8.78%2024
  • 15.18%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend29/10/202505/12/2025R$3.87
Interest on equity02/10/202505/12/2025R$0.52
Dividend10/04/202505/12/2025R$0.33
Interest on equity02/07/202512/11/2025R$0.46
Interest on equity01/04/202512/11/2025R$0.39
Interest on equity23/12/202428/05/2025R$0.35
Dividend30/09/202420/12/2024R$0.31
Interest on equity30/09/202420/12/2024R$0.31
Interest on equity25/06/202420/12/2024R$0.29
Dividend15/04/202420/12/2024R$1.56
Interest on equity25/03/202420/12/2024R$0.28
Interest on equity04/01/202420/12/2024R$0.39
See all 109 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity04/10/202327/12/2023R$0.40
Dividend31/07/202327/12/2023R$2.10
Interest on equity03/07/202315/09/2023R$0.44
Interest on equity10/03/202321/07/2023R$0.42
Dividend18/04/202304/05/2023R$0.81
Interest on equity04/01/202328/03/2023R$0.40
Interest on equity05/10/202220/12/2022R$0.38
Dividend01/08/202216/08/2022R$2.58
Interest on equity05/07/202216/08/2022R$0.39
Interest on equity04/04/202216/08/2022R$0.36
Dividend18/04/202224/05/2022R$2.22
Interest on equity05/01/202230/03/2022R$0.52
Dividend03/12/202121/12/2021R$1.94
Interest on equity05/07/202114/10/2021R$0.51
Dividend05/07/202123/07/2021R$3.04
Dividend08/04/202112/05/2021R$0.09
Interest on equity06/01/202118/03/2021R$0.97
Interest on equity06/01/202010/12/2020R$0.50
Dividend16/04/201910/12/2019R$0.99
Interest on equity03/07/201907/08/2019R$0.60
Interest on equity04/01/201930/04/2019R$0.71
Dividend19/02/201927/02/2019R$1.85
Interest on equity03/07/201827/08/2018R$0.47
Interest on equity30/12/201631/12/2017R$0.60
Interest on equity05/07/201714/12/2017R$0.59
Interest on equity20/12/201614/02/2017R$0.51
Dividend20/12/201614/02/2017R$0.09
Interest on equity04/08/201631/12/2016R$0.60
Interest on equity30/06/201631/12/2016R$0.60
Interest on equity23/03/201618/05/2016R$0.03
Interest on equity30/12/201429/04/2015R$0.62
Interest on equity30/12/201325/06/2014R$0.58
Interest on equity29/12/201115/02/2012R$0.15
Interest on equity30/09/201130/12/2011R$0.15
Dividend29/08/201114/09/2011R$1.42
Interest on equity30/06/201110/08/2011R$0.15
Interest on equity31/03/201125/05/2011R$0.15
Interest on equity30/12/201023/02/2011R$0.14
Dividend30/09/201031/12/2010R$1.45
Interest on equity30/09/201015/12/2010R$0.14
Interest on equity30/06/201015/09/2010R$0.14
Dividend29/03/201016/06/2010R$1.67
Interest on equity31/03/201019/05/2010R$0.14
Interest on equity18/12/200919/05/2010R$0.13
Interest on equity30/09/200916/12/2009R$0.13
Dividend30/09/200916/12/2009R$1.22
Interest on equity29/06/200909/09/2009R$0.26
Dividend27/03/200910/06/2009R$1.51
Interest on equity30/12/200813/05/2009R$0.12
Interest on equity31/10/200810/12/2008R$0.12
Dividend31/10/200810/12/2008R$1.39
Interest on equity31/07/200810/09/2008R$0.12
Interest on equity28/04/200811/06/2008R$0.12
Dividend24/04/200811/06/2008R$1.47
Interest on equity17/12/200709/01/2008R$0.10
Interest on equity31/10/200712/12/2007R$0.00
Dividend01/10/200730/10/2007R$0.01
Interest on equity30/07/200731/08/2007R$0.00
Interest on equity19/06/2015—R$0.20
Dividend19/06/2015—R$0.21
Dividend29/04/2013—R$0.29
Interest on equity28/12/2012—R$0.58
Dividend18/04/2012—R$0.34
Dividend18/04/2012—R$1.13
Dividend27/04/2011—R$2.42
Interest on equity28/05/2007—R$1.09
Dividend28/03/2007—R$12.34
Interest on equity14/12/2006—R$1.02
Interest on equity17/11/2006—R$1.12
Dividend28/09/2006—R$9.43
Interest on equity24/07/2006—R$1.21
Interest on equity22/05/2006—R$1.34
Dividend07/03/2006—R$7.03
Interest on equity16/12/2005—R$1.55
Interest on equity30/11/2005—R$2.32
Dividend20/10/2005—R$13.50
Interest on equity22/07/2005—R$2.94
Interest on equity22/04/2005—R$1.13
Interest on equity13/12/2004—R$1.29
Dividend29/11/2004—R$5.47
Interest on equity12/11/2004—R$3.76
Interest on equity29/07/2004—R$2.52
Dividend30/03/2004—R$5.05
Dividend30/03/2004—R$5.00
Interest on equity30/12/2003—R$3.84
Interest on equity03/01/2003—R$3.93
Dividend30/04/2002—R$0.47
Interest on equity08/01/2002—R$1.65
Interest on equity04/01/2002—R$4.04
Interest on equity14/08/2001—R$0.44
Dividend25/04/2001—R$2.55
Interest on equity05/01/2001—R$2.01
Interest on equity28/08/2000—R$2.07
Interest on equity23/04/1999—R$2.55
Dividend23/04/1999—R$1.43
Interest on equity19/10/1998—R$2.33
Dividend16/04/1998—R$5.82
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation07/12/20071 for 100
Bonus shares28/07/2006100.00% in shares

About Cia Eletricidade Est. Da Bahia - Coelba

Listing segment
Traditional
Tag along
Set by the bylaws
Free float
1.02%
Shares issued
152m ordinary · 110.1m preferred
Average daily trading
R$1.7k
Listed since
23/05/1995
CNPJ
15.139.629/0001-94
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Neoenergia S.AControlling98.45%99.72%98.98%
Outros1.55%0.29%1.02%

Questions about CEEB5

How much is CEEB5 today?

CEEB5 is at R$40.00 (-11.11% on the day), last traded on 30/09/2026.

How much did CEEB5 pay in dividends in 2025?

CEEB5 paid R$5.92 per share in 2025, a dividend yield of 15.18%.

When is the next CEEB5 dividend?

The next announced payment is R$0.50 per share on 31/12/2026.

What are the P/E and P/B of CEEB5?

CEEB5 trades at a P/E of 7.03 and a P/B of 1.26.

How much did CEEB5 return in 12 months?

CEEB5 returned -2.45% in 12 months, with annualised volatility of 28.27% and a largest drawdown of -13.93%.