B3 · BRL

CLSC3

Centrais Eletricas de Santa Catarina S.A.

R$149.99+7.82% (R$10.88)Updated 30/09/2026, 18:31

Day's range: R$142.99 – R$149.99
Day's volume: R$60k
52-week range: R$92.02 – R$149.99

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CLSC3 in numbers

Market cap: R$6.1bn

P/E: 6.61

P/B: 1.37

Dividend yield (12m): 6.81%

Net debt/EBITDA: 4.44

The 12-month dividend yield of CLSC3 is 6.81%, below its 5-year average of 8.12%.

CLSC3 price history

01/10/202530/09/2026

Compare with

CLSC3 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+74.88%	+239.26%	+272.19%
Volatility (annualised)	20.77%	21.33%	20.18%
Largest drawdown	-1.33%	-8.80%	-16.42%
Positive months	11/12	28/36	41/60

How much did investing in CLSC3 return?

Amount invested

R$1,000.00 invested on 01/09/2021 would be worth R$2,911.69 today.

Value today in CLSC3: R$2,911.69

Return over the period: +191.17%

Return per year: +23.83%

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.

CLSC3 fundamentals

Valuation

P/E
6.61
P/B
1.37
EV/EBITDA
7.68
EV/EBIT
9.78
EV/Revenue
1.16
P/EBIT
4.13
P/S
0.49
P/OCF
18.78
P/FCF
-6.97
Earnings yield
10.22%
PEG ratio
0.15
Earnings per share
R$22.69
Book value per share
R$109.62

Debt

Net debt
R$8.4bn
Net debt/EBITDA
4.44
Net debt/Equity
1.98
Debt/Equity
2.10
Current ratio
1.27
Quick ratio
1.27
Cash ratio
0.13

Efficiency

Gross margin
16.17%
EBITDA margin
15.05%
Operating margin
11.82%
Net margin
6.99%
Asset turnover
0.84

Profitability

ROE
20.70%
ROA
5.85%
ROIC
9.23%
Payout
45.03%

Growth

Revenue CAGR (5 years)
5.21%
Earnings CAGR (5 years)
7.37%
Revenue growth (year)
11.65%
Earnings growth (year)
1.91%
Revenue growth (quarter)
10.65%
Earnings growth (quarter)
44.07%

What is CLSC3's fair price?

Two classic value formulas, with today's numbers. The current price is R$149.99.

Graham's fair price: R$236.55; 57.71% above the price

√(22.50 × R$22.69 × R$109.62)

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$98.00; 34.66% below the price

R$5.88 (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.

CLSC3 indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	6.12	4.27	4.26	3.67	4.15	4.46	6.53	10.75
P/B	1.13	0.83	0.81	0.69	0.89	1.17	1.32	0.99
EV/EBITDA	6.79	5.40	5.12	3.79	4.11	3.70	4.58	4.91
Dividend yield	6.98%	7.88%	11.16%	6.85%	7.72%	2.92%	1.00%	1.01%
Earnings per share	R$18.91	R$18.56	R$14.44	R$14.01	R$14.60	R$13.45	R$7.35	R$4.28
Book value per share	R$102.89	R$95.18	R$76.03	R$74.75	R$67.96	R$51.45	R$36.48	R$46.69
ROE	18.38%	19.50%	18.99%	18.75%	21.48%	26.13%	20.15%	9.16%
ROIC	9.21%	10.31%	10.52%	12.06%	11.97%	15.81%	11.64%	7.52%
Gross margin	16.74%	16.94%	15.93%	14.27%	11.35%	13.59%	12.39%	10.83%
EBITDA margin	15.10%	14.71%	10.97%	10.71%	9.20%	10.41%	9.04%	7.97%
Net margin	6.13%	6.72%	5.35%	5.36%	4.97%	5.86%	3.54%	2.15%
Net debt/EBITDA	4.30	3.45	3.03	1.96	1.87	1.19	2.03	2.00

CLSC3 financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$11.9bn	R$10.7bn	R$10.4bn	R$10.1bn	R$11.3bn	R$8.9bn
Cost of sales	-R$9.9bn	-R$8.9bn	-R$8.7bn	-R$8.6bn	-R$10.1bn	-R$7.7bn
Gross profit	R$2bn	R$1.8bn	R$1.7bn	R$1.4bn	R$1.3bn	R$1.2bn
EBITDA	R$1.8bn	R$1.6bn	R$1.1bn	R$1.1bn	R$1bn	R$922.6m
EBIT	R$1.4bn	R$1.2bn	R$825.1m	R$802.3m	R$797.4m	R$681.6m
Net finance result	-R$457.1m	-R$287.4m	-R$141.8m	-R$82.7m	R$24.2m	R$43.1m
Profit before tax	R$956.9m	R$932.4m	R$683.3m	R$719.7m	R$821.5m	R$724.7m
Income tax	-R$227.4m	-R$216.6m	-R$126.3m	-R$179.1m	-R$258.4m	-R$206m
Net income	R$729.5m	R$715.8m	R$557m	R$540.6m	R$563.2m	R$518.7m

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

CLSC3 against its sector

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

Stock	P/E	P/B	Dividend yield (12m)	ROE	Market cap
CLSC3Centrais Elet De Santa Catarina	6.61	1.37	6.81%	20.70%	R$6.1bn
AXIA3AXIA3	13.39	1.32	3.41%	9.86%	R$159bn
AXIA7AXIA7	—	—	0.00%	—	R$159bn
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO	12.06	2.15	12.68%	17.80%	R$96.7bn
ENEV3ENEVA S.A	56.29	2.66	0.00%	4.73%	R$54.2bn
CPFE3CPFL ENERGIA S.A.	8.73	2.31	8.20%	26.43%	R$52.4bn
EQTL3EQUATORIAL S.A.	53.42	1.96	3.89%	3.67%	R$51.2bn

Does CLSC3 pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	30/04/2026	30/12/2026	R$0.63
Interest on equity	17/12/2025	30/12/2026	R$1.11
Interest on equity	24/09/2025	30/12/2026	R$0.92
Interest on equity	25/06/2025	30/12/2026	R$0.72
Interest on equity	26/03/2025	30/12/2026	R$0.74
Interest on equity	30/09/2026	30/06/2027	R$0.96
Interest on equity	31/07/2026	30/06/2027	R$0.49
Interest on equity	30/06/2026	30/06/2027	R$1.93
Interest on equity	25/03/2026	30/06/2027	R$0.95
Interest on equity	30/09/2026	30/12/2027	R$0.96
Interest on equity	31/07/2026	30/12/2027	R$0.49
Interest on equity	30/06/2026	30/12/2027	R$1.93
Interest on equity	25/03/2026	30/12/2027	R$0.95

Dividend yield per year

0.00%2017
1.01%2018
1.00%2019
2.92%2020
7.72%2021
6.85%2022
11.16%2023
7.88%2024
6.98%2025
3.23%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	30/04/2026	30/06/2026	R$0.63
Interest on equity	17/12/2025	30/06/2026	R$1.11
Interest on equity	24/09/2025	30/06/2026	R$0.92
Interest on equity	25/06/2025	30/06/2026	R$0.72
Interest on equity	26/03/2025	30/06/2026	R$1.47
Dividend	30/04/2025	30/12/2025	R$0.95
Interest on equity	23/12/2024	30/12/2025	R$1.19
Interest on equity	25/09/2024	30/12/2025	R$0.58
Interest on equity	26/06/2024	30/12/2025	R$0.52
Dividend	22/03/2024	30/12/2025	R$0.54
Interest on equity	22/03/2024	29/12/2025	R$0.54
Dividend	30/04/2025	30/06/2025	R$0.95

See all 83 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Interest on equity	23/12/2024	30/06/2025	R$1.19
Interest on equity	25/09/2024	30/06/2025	R$0.58
Interest on equity	26/06/2024	30/06/2025	R$0.52
Dividend	22/03/2024	30/06/2025	R$0.54
Interest on equity	29/09/2023	30/12/2024	R$0.60
Dividend	30/04/2024	27/12/2024	R$0.02
Interest on equity	22/12/2023	27/12/2024	R$1.09
Interest on equity	01/09/2023	27/12/2024	R$0.60
Interest on equity	30/06/2023	27/12/2024	R$0.57
Interest on equity	31/03/2023	27/12/2024	R$0.56
Dividend	30/04/2024	28/06/2024	R$0.02
Interest on equity	22/12/2023	28/06/2024	R$1.09
Interest on equity	01/09/2023	28/06/2024	R$0.60
Interest on equity	30/06/2023	28/06/2024	R$0.57
Interest on equity	31/03/2023	28/06/2024	R$0.56
Dividend	28/04/2023	28/12/2023	R$0.28
Interest on equity	30/12/2022	28/12/2023	R$0.64
Dividend	29/12/2022	28/12/2023	R$0.64
Interest on equity	30/09/2022	28/12/2023	R$0.51
Interest on equity	30/06/2022	28/12/2023	R$0.51
Dividend	30/03/2022	28/12/2023	R$0.42
Interest on equity	30/03/2022	28/12/2023	R$0.42
Dividend	28/04/2023	28/06/2023	R$0.28
Dividend	29/12/2022	28/06/2023	R$0.64
Interest on equity	29/12/2022	28/06/2023	R$0.64
Interest on equity	30/09/2022	28/06/2023	R$0.51
Interest on equity	30/06/2022	28/06/2023	R$0.51
Interest on equity	30/03/2022	28/06/2023	R$0.42
Dividend	30/03/2022	28/06/2023	R$0.42
Dividend	29/04/2022	28/12/2022	R$0.25
Interest on equity	20/12/2021	28/12/2022	R$1.51
Dividend	29/04/2022	29/06/2022	R$0.25
Interest on equity	20/12/2021	29/06/2022	R$1.51
Dividend	20/12/2021	28/12/2021	R$1.51
Dividend	29/04/2021	28/12/2021	R$0.64
Interest on equity	30/12/2020	28/12/2021	R$0.95
Dividend	29/04/2021	29/06/2021	R$0.64
Interest on equity	30/12/2020	29/06/2021	R$0.95
Dividend	28/04/2020	28/12/2020	R$0.48
Interest on equity	30/12/2019	28/12/2020	R$0.63
Interest on equity	30/12/2019	29/06/2020	R$0.63
Dividend	30/04/2019	28/06/2019	R$0.48
Dividend	30/04/2018	28/12/2018	R$0.23
Dividend	30/04/2018	29/06/2018	R$0.23
Dividend	29/04/2016	29/12/2016	R$0.46
Dividend	29/04/2016	30/06/2016	R$0.46
Dividend	30/04/2015	29/12/2015	R$1.79
Dividend	30/04/2015	30/06/2015	R$3.58
Dividend	30/04/2014	30/06/2014	R$0.18
Interest on equity	30/12/2013	30/06/2014	R$1.20
Dividend	30/04/2012	28/06/2012	R$0.24
Interest on equity	30/12/2010	28/06/2011	R$1.91
Dividend	30/04/2010	29/06/2010	R$0.89
Dividend	27/04/2009	26/06/2009	R$1.80
Dividend	28/04/2008	27/06/2008	R$0.70
Interest on equity	17/12/2007	28/12/2007	R$1.72
Dividend	30/04/2007	27/06/2007	R$0.02
Interest on equity	31/08/2006	29/09/2006	R$0.06
Dividend	27/04/2006	26/06/2006	R$0.01
Dividend	29/04/2005	28/06/2005	R$0.00
Interest on equity	30/12/2004	28/06/2005	R$0.06
Interest on equity	29/12/2003	28/05/2004	R$0.03
Dividend	27/04/2001	27/06/2001	R$0.00
Dividend	28/04/2000	28/06/2000	R$0.00
Interest on equity	29/12/2011	—	R$1.41
Interest on equity	29/12/2011	—	R$0.61
Interest on equity	29/12/2005	—	R$0.05
Interest on equity	30/04/1998	—	R$0.01
Dividend	30/04/1998	—	R$0.00
Interest on equity	30/04/1997	—	R$0.02
Dividend	30/04/1997	—	R$0.00

Splits, share consolidations and bonus shares
Event	Last day to own	Ratio
Share consolidation	29/09/2006	1 for 20
Bonus shares	22/03/1993	50.00% in shares

About Centrais Elet De Santa Catarina

Sector: Energia
Segment: Energia Elétrica
Listing segment: Level 2
Tag along: 100.00%
Free float: 75.73%
Shares issued: 15.53m ordinary · 23.04m preferred
Average daily trading: R$31.1k
Listed since: 12/12/1988
CNPJ: 83.878.892/0001-55

A Centrais Elétricas de Santa Catarina S.A. (Celesc), listada na B3 sob o ticker CLSC3, é uma sociedade de economia mista que atua principalmente na distribuição de energia elétrica em Santa Catarina, além de manter atividades em geração e participações relacionadas. A companhia atende quase todo o território catarinense e opera infraestrutura crítica de subestações, linhas e redes de distribuição. A performance operacional é influenciada por indicadores regulatórios de continuidade do fornecimento, perdas técnicas e comerciais, investimentos em expansão e condições hidrológicas no sistema elétrico nacional. Como empresa controlada pelo estado e listada em bolsa, a Celesc combina diretrizes públicas com disciplina de mercado de capitais, divulgando resultados financeiros, indicadores técnicos e eventos societários em bases trimestrais e anuais.

Investor website

ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Ordinary	Preferred	Total
EDP Energias do Brasil S.A.	33.11%	27.73%	29.90%
ESTADO DE SANTA CATARINAControlling	50.18%	0.00%	20.20%
AXIA ENERGIA	0.03%	17.98%	10.75%
ALASKA POLAND FIA	0.00%	15.34%	9.16%
GERAÇÃO L. PAR FUNDO DE INVESTIMENTO	2.90%	12.15%	8.43%
FUNDAÇÃO CELESC DE SEGURIDADE SOCIAL - CELOS	8.63%	1.00%	4.07%
Outros	5.16%	25.80%	17.49%

Questions about CLSC3

How much is CLSC3 today?

CLSC3 is at R$149.99 (7.82% on the day), last traded on 30/09/2026.

How much did CLSC3 pay in dividends in 2025?

CLSC3 paid R$8.09 per share in 2025, a dividend yield of 6.98%.

When is the next CLSC3 dividend?

The next announced payment is R$0.63 per share on 30/12/2026.

What are the P/E and P/B of CLSC3?

CLSC3 trades at a P/E of 6.61 and a P/B of 1.37.

How much did CLSC3 return in 12 months?

CLSC3 returned 74.88% in 12 months, with annualised volatility of 20.77% and a largest drawdown of -1.33%.

What sector is CLSC3 in?

Centrais Elet De Santa Catarina is in the Energia sector, Energia Elétrica segment.