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B3 · BRL

CLSC4

Centrais Eletricas de Santa Catarina SA Pfd

R$164.55+2.07% (R$3.34)
Day's range
R$161.21 – R$164.55
Day's volume
R$1.2m
52-week range
R$99.87 – R$164.55

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See how CLSC4 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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CLSC4 in numbers

Market cap
R$6.1bn
P/E
7.25
P/B
1.50
Dividend yield (12m)
6.83%
Net debt/EBITDA
4.44

The 12-month dividend yield of CLSC4 is 6.83%, below its 5-year average of 8.58%.

CLSC4 price history

01/10/202530/09/2026
Compare with

CLSC4 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+70.84%+251.73%+285.62%
Volatility (annualised)25.74%21.58%21.43%
Largest drawdown-8.83%-8.83%-20.89%
Positive months9/1228/3640/60

How much did investing in CLSC4 return?

R$1,000.00 invested on 01/09/2021 would be worth R$3,696.45 today.

Value today in CLSC4
R$3,696.45
Return over the period
+269.65%
Return per year
+29.89%
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.

CLSC4 fundamentals

Valuation

  • P/E
    7.25
  • P/B
    1.50
  • 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
    49.53%

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 CLSC4's fair price?

Two classic value formulas, with today's numbers. The current price is R$164.55.

Graham's fair price
R$236.55
43.76% 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$109.70
33.34% below the price

R$6.58 (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.

CLSC4 indicators by year

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

Indicator20252024202320222021202020192018
P/E6.644.344.534.004.674.206.9611.66
P/B1.220.850.860.751.001.101.401.07
EV/EBITDA7.005.435.243.964.393.554.755.15
Dividend yield7.09%9.24%11.56%9.88%5.11%3.41%1.03%1.02%
Earnings per shareR$18.91R$18.56R$14.44R$14.01R$14.60R$13.45R$7.35R$4.28
Book value per shareR$102.89R$95.18R$76.03R$74.75R$67.96R$51.45R$36.48R$46.69
ROE18.38%19.50%18.99%18.75%21.48%26.13%20.15%9.16%
ROIC9.21%10.31%10.52%12.06%11.97%15.81%11.64%7.52%
Gross margin16.74%16.94%15.93%14.27%11.35%13.59%12.39%10.83%
EBITDA margin15.10%14.71%10.97%10.71%9.20%10.41%9.04%7.97%
Net margin6.13%6.72%5.35%5.36%4.97%5.86%3.54%2.15%
Net debt/EBITDA4.303.453.031.961.871.192.032.00

CLSC4 financial statements

Line202520242023202220212020
Net revenueR$11.9bnR$10.7bnR$10.4bnR$10.1bnR$11.3bnR$8.9bn
Cost of sales-R$9.9bn-R$8.9bn-R$8.7bn-R$8.6bn-R$10.1bn-R$7.7bn
Gross profitR$2bnR$1.8bnR$1.7bnR$1.4bnR$1.3bnR$1.2bn
EBITDAR$1.8bnR$1.6bnR$1.1bnR$1.1bnR$1bnR$922.6m
EBITR$1.4bnR$1.2bnR$825.1mR$802.3mR$797.4mR$681.6m
Net finance result-R$457.1m-R$287.4m-R$141.8m-R$82.7mR$24.2mR$43.1m
Profit before taxR$956.9mR$932.4mR$683.3mR$719.7mR$821.5mR$724.7m
Income tax-R$227.4m-R$216.6m-R$126.3m-R$179.1m-R$258.4m-R$206m
Net incomeR$729.5mR$715.8mR$557mR$540.6mR$563.2mR$518.7m

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

CLSC4 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
CLSC4Centrais Elet De Santa Catarina7.251.506.83%20.70%R$6.1bn
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 CLSC4 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend30/04/202630/12/2026R$0.70
Interest on equity17/12/202530/12/2026R$1.22
Interest on equity24/09/202530/12/2026R$1.01
Interest on equity25/06/202530/12/2026R$0.79
Interest on equity26/03/202530/12/2026R$0.81
Interest on equity30/09/202630/06/2027R$1.06
Interest on equity31/07/202630/06/2027R$0.54
Interest on equity30/06/202630/06/2027R$2.12
Interest on equity25/03/202630/06/2027R$1.04
Interest on equity30/09/202630/12/2027R$1.06
Interest on equity31/07/202630/12/2027R$0.54
Interest on equity30/06/202630/12/2027R$2.12
Interest on equity25/03/202630/12/2027R$1.04

Dividend yield per year

  • 0.00%2017
  • 1.02%2018
  • 1.03%2019
  • 3.41%2020
  • 5.11%2021
  • 9.88%2022
  • 11.56%2023
  • 9.24%2024
  • 7.09%2025
  • 3.24%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend30/04/202630/06/2026R$0.70
Interest on equity17/12/202530/06/2026R$1.22
Interest on equity24/09/202530/06/2026R$1.01
Interest on equity25/06/202530/06/2026R$0.79
Interest on equity26/03/202530/06/2026R$1.62
Dividend30/04/202530/12/2025R$1.04
Interest on equity23/12/202430/12/2025R$1.31
Interest on equity25/09/202430/12/2025R$0.64
Interest on equity26/06/202430/12/2025R$0.57
Dividend22/03/202430/12/2025R$0.59
Interest on equity22/03/202429/12/2025R$0.59
Dividend30/04/202530/06/2025R$1.04
See all 85 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity23/12/202430/06/2025R$1.31
Interest on equity25/09/202430/06/2025R$0.64
Interest on equity26/06/202430/06/2025R$0.57
Dividend22/03/202430/06/2025R$0.59
Interest on equity26/12/202430/12/2024R$0.57
Interest on equity29/09/202330/12/2024R$0.66
Dividend30/04/202427/12/2024R$0.02
Interest on equity22/12/202327/12/2024R$1.19
Interest on equity01/09/202327/12/2024R$0.66
Interest on equity30/06/202327/12/2024R$0.62
Interest on equity31/03/202327/12/2024R$0.62
Dividend30/04/202428/06/2024R$0.02
Interest on equity22/12/202328/06/2024R$1.19
Interest on equity01/09/202328/06/2024R$0.66
Interest on equity30/06/202328/06/2024R$0.62
Interest on equity31/03/202328/06/2024R$0.62
Dividend28/04/202328/12/2023R$0.31
Interest on equity30/12/202228/12/2023R$0.70
Dividend29/12/202228/12/2023R$0.70
Interest on equity30/09/202228/12/2023R$0.57
Interest on equity30/06/202228/12/2023R$0.56
Interest on equity30/03/202228/12/2023R$0.47
Dividend30/03/202228/12/2023R$0.47
Dividend28/04/202328/06/2023R$0.31
Dividend29/12/202228/06/2023R$0.70
Interest on equity29/12/202228/06/2023R$0.70
Interest on equity30/09/202228/06/2023R$0.57
Interest on equity30/06/202228/06/2023R$0.56
Interest on equity30/03/202228/06/2023R$0.47
Dividend30/03/202228/06/2023R$0.47
Dividend29/04/202228/12/2022R$0.27
Dividend20/12/202128/12/2022R$1.66
Interest on equity20/12/202128/12/2022R$1.66
Dividend29/04/202229/06/2022R$0.27
Interest on equity20/12/202129/06/2022R$1.66
Dividend29/04/202128/12/2021R$0.70
Interest on equity30/12/202028/12/2021R$1.04
Dividend29/04/202129/06/2021R$0.70
Interest on equity30/12/202029/06/2021R$1.04
Dividend28/04/202028/12/2020R$0.53
Interest on equity30/12/201928/12/2020R$0.70
Interest on equity30/12/201929/06/2020R$0.70
Dividend30/04/201928/06/2019R$0.53
Dividend30/04/201828/12/2018R$0.25
Dividend30/04/201829/06/2018R$0.25
Dividend29/04/201629/12/2016R$0.50
Dividend29/04/201630/06/2016R$0.50
Dividend30/04/201530/06/2015R$3.93
Dividend30/04/201430/06/2014R$0.20
Interest on equity30/12/201330/06/2014R$1.32
Dividend30/04/201228/06/2012R$0.26
Interest on equity30/12/201028/06/2011R$2.10
Dividend30/04/201029/06/2010R$0.98
Dividend27/04/200926/06/2009R$1.98
Dividend28/04/200827/06/2008R$0.77
Interest on equity17/12/200728/12/2007R$1.89
Dividend30/04/200727/06/2007R$0.02
Interest on equity31/08/200629/09/2006R$0.07
Dividend27/04/200626/06/2006R$0.01
Dividend29/04/200528/06/2005R$0.00
Interest on equity30/12/200428/06/2005R$0.06
Interest on equity29/12/200328/05/2004R$0.04
Dividend27/04/200127/06/2001R$0.00
Dividend28/04/200028/06/2000R$0.00
Dividend30/04/2015—R$1.97
Interest on equity29/12/2011—R$1.55
Interest on equity29/12/2011—R$0.67
Interest on equity29/12/2005—R$0.05
Dividend09/08/1999—R$0.00
Interest on equity30/04/1998—R$0.01
Dividend30/04/1998—R$0.00
Interest on equity30/04/1997—R$0.02
Dividend30/04/1997—R$0.00
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation29/09/20061 for 20
Bonus shares22/03/199350.00% in shares

About Centrais Elet De Santa Catarina

Listing segment
Level 2
Tag along
100.00%
Free float
75.73%
Shares issued
15.53m ordinary · 23.04m preferred
Average daily trading
R$686.1k
Listed since
12/12/1988
CNPJ
83.878.892/0001-55
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
EDP Energias do Brasil S.A.33.11%27.73%29.90%
ESTADO DE SANTA CATARINAControlling50.18%0.00%20.20%
AXIA ENERGIA0.03%17.98%10.75%
ALASKA POLAND FIA0.00%15.34%9.16%
GERAÇÃO L. PAR FUNDO DE INVESTIMENTO2.90%12.15%8.43%
FUNDAÇÃO CELESC DE SEGURIDADE SOCIAL - CELOS8.63%1.00%4.07%
Outros5.16%25.80%17.49%

Questions about CLSC4

How much is CLSC4 today?

CLSC4 is at R$164.55 (2.07% on the day), last traded on 30/09/2026.

How much did CLSC4 pay in dividends in 2025?

CLSC4 paid R$8.90 per share in 2025, a dividend yield of 7.09%.

When is the next CLSC4 dividend?

The next announced payment is R$0.70 per share on 30/12/2026.

What are the P/E and P/B of CLSC4?

CLSC4 trades at a P/E of 7.25 and a P/B of 1.50.

How much did CLSC4 return in 12 months?

CLSC4 returned 70.84% in 12 months, with annualised volatility of 25.74% and a largest drawdown of -8.83%.