B3 · BRL
COCE5
Companhia Energetica do Ceara-COELCE Pfd A
- Day's range
- R$31.48 – R$32.37
- Day's volume
- R$192.5k
- 52-week range
- R$28.69 – R$36.00
Follow COCE5 on Fuolio
See how COCE5 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountCOCE5 in numbers
- Market cap
- R$2.6bn
- P/E
- 6.44
- P/B
- 0.49
- Dividend yield (12m)
- 4.70%
- Net debt/EBITDA
- 3.88
The 12-month dividend yield of COCE5 is 4.70%, above its 5-year average of 3.83%.
COCE5 price history
COCE5 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +13.55% | -10.38% | -26.75% |
| Volatility (annualised) | 32.79% | 26.01% | 25.07% |
| Largest drawdown | -14.95% | -40.94% | -55.42% |
| Positive months | 8/12 | 22/36 | 33/60 |
How much did investing in COCE5 return?
R$1,000.00 invested on 01/09/2021 would be worth R$652.07 today.
- Value today in COCE5
- R$652.07
- Return over the period
- -34.79%
- Return per year
- -8.20%
- 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.
COCE5 fundamentals
Valuation
- P/E6.44
- P/B0.49
- EV/EBITDA5.08
- EV/EBIT6.89
- EV/Revenue1.14
- P/EBIT1.63
- P/S0.27
- P/OCF2.03
- P/FCF-2.89
- Earnings yield14.52%
- PEG ratio0.67
- Earnings per shareR$4.90
- Book value per shareR$64.90
Debt
- Net debtR$8.4bn
- Net debt/EBITDA3.88
- Net debt/Equity1.50
- Debt/Equity1.59
- Current ratio0.56
- Quick ratio0.56
- Cash ratio0.09
Efficiency
- Gross margin20.52%
- EBITDA margin22.37%
- Operating margin16.51%
- Net margin4.36%
- Asset turnover0.55
Profitability
- ROE7.54%
- ROA2.41%
- ROIC10.55%
- Payout30.30%
Growth
- Revenue CAGR (5 years)8.50%
- Earnings CAGR (5 years)-0.48%
- Revenue growth (year)8.65%
- Earnings growth (year)-15.26%
- Revenue growth (quarter)9.57%
- Earnings growth (quarter)8.90%
What is COCE5's fair price?
Two classic value formulas, with today's numbers. The current price is R$31.55.
- Graham's fair price
- R$84.55
- 167.99% above the price
√(22.50 × R$4.90 × R$64.90)
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$27.36
- 13.28% below the price
R$1.64 (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.
COCE5 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 | 7.45 | 4.22 | 10.71 | 5.48 | 9.24 | 17.62 | 12.00 | 10.25 |
| P/B | 0.54 | 0.38 | 0.81 | 0.89 | 1.30 | 1.45 | 1.56 | 1.31 |
| EV/EBITDA | 5.70 | 4.80 | 7.15 | 5.92 | 7.46 | 11.94 | 10.03 | 8.68 |
| Dividend yield | 3.98% | 3.93% | 0.71% | 4.31% | 6.24% | 3.54% | 3.00% | 2.27% |
| Earnings per share | R$4.57 | R$5.97 | R$4.05 | R$8.23 | R$6.28 | R$3.41 | R$5.20 | R$4.68 |
| Book value per share | R$63.28 | R$66.02 | R$53.83 | R$50.82 | R$44.79 | R$41.49 | R$40.00 | R$36.77 |
| ROE | 7.21% | 9.05% | 7.53% | 16.19% | 14.01% | 8.21% | 13.00% | 12.73% |
| ROIC | 9.49% | 9.48% | 6.34% | 9.65% | 8.25% | 4.04% | 7.00% | 7.69% |
| Gross margin | 19.33% | 19.01% | 18.58% | 16.77% | 16.31% | 12.67% | 14.08% | 13.00% |
| EBITDA margin | 21.61% | 22.26% | 20.74% | 19.06% | 15.54% | 12.04% | 15.53% | 14.17% |
| Net margin | 4.30% | 5.51% | 3.66% | 7.48% | 6.02% | 4.52% | 7.53% | 7.14% |
| Net debt/EBITDA | 4.23 | 3.76 | 5.26 | 3.77 | 3.88 | 5.33 | 4.21 | 3.51 |
COCE5 financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$9.2bn | R$8.4bn | R$8.6bn | R$8.6bn | R$8.1bn | R$5.9bn |
| Cost of sales | -R$7.4bn | -R$6.8bn | -R$7bn | -R$7.1bn | -R$6.8bn | -R$5.1bn |
| Gross profit | R$1.8bn | R$1.6bn | R$1.6bn | R$1.4bn | R$1.3bn | R$743.1m |
| EBITDA | R$2bn | R$1.9bn | R$1.8bn | R$1.6bn | R$1.3bn | R$706.5m |
| EBIT | R$1.4bn | R$1.2bn | R$1.2bn | R$1.2bn | R$919.2m | R$393.3m |
| Net finance result | -R$965.3m | -R$737.8m | -R$790.4m | -R$420.4m | -R$269m | -R$24.6m |
| Profit before tax | R$413.7m | R$495.6m | R$456.5m | R$804.6m | R$650.2m | R$368.7m |
| Income tax | -R$19.7m | -R$30.7m | -R$141m | -R$164m | -R$161.6m | -R$103.5m |
| Net income | R$394m | R$464.9m | R$315.5m | R$640.6m | R$488.6m | R$265.2m |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
COCE5 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 |
|---|---|---|---|---|---|
| COCE5Cia Energetica Do Ceara - Coelce | 6.44 | 0.49 | 4.70% | 7.54% | R$2.6bn |
| 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 COCE5 pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 29/04/2026 | 31/12/2026 | R$1.48 |
Dividend yield per year
- 3.64%2017
- 2.27%2018
- 3.00%2019
- 3.54%2020
- 6.24%2021
- 4.31%2022
- 0.71%2023
- 3.93%2024
- 3.98%2025
- 0.00%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 29/04/2025 | 23/12/2025 | R$1.35 |
| Dividend | 30/04/2024 | 23/12/2024 | R$0.99 |
| Dividend | 25/04/2023 | 20/12/2023 | R$0.31 |
| Dividend | 12/04/2022 | 16/12/2022 | R$0.18 |
| Interest on equity | 13/10/2022 | 01/12/2022 | R$0.54 |
| Interest on equity | 01/07/2022 | 01/12/2022 | R$1.22 |
| Dividend | 26/04/2021 | 27/12/2021 | R$2.11 |
| Interest on equity | 29/10/2021 | 29/11/2021 | R$1.50 |
| Dividend | 28/04/2020 | 18/12/2020 | R$2.12 |
| Dividend | 29/04/2019 | 10/12/2019 | R$1.87 |
| Dividend | 26/04/2018 | 11/12/2018 | R$1.09 |
| Dividend | 25/04/2017 | 12/12/2017 | R$1.99 |
See all 55 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 27/04/2016 | 15/12/2016 | R$0.93 |
| Dividend | 27/04/2015 | 10/12/2015 | R$0.54 |
| Dividend | 16/04/2014 | 10/12/2014 | R$0.99 |
| Dividend | 29/04/2013 | 10/12/2013 | R$2.75 |
| Dividend | 25/04/2012 | 27/12/2012 | R$3.55 |
| Dividend | 29/04/2011 | 09/12/2011 | R$4.27 |
| Dividend | 28/04/2010 | 10/12/2010 | R$2.74 |
| Dividend | 30/04/2009 | 30/09/2009 | R$3.38 |
| Interest on equity | 28/11/2006 | 31/05/2007 | R$0.37 |
| Interest on equity | 27/04/2006 | 31/05/2006 | R$0.17 |
| Interest on equity | 21/12/2005 | 16/01/2006 | R$0.39 |
| Dividend | 28/04/2005 | 24/06/2005 | R$0.04 |
| Interest on equity | 28/04/2005 | 24/06/2005 | R$0.18 |
| Dividend | 29/04/2004 | 28/06/2004 | R$0.10 |
| Interest on equity | 26/03/2004 | 07/04/2004 | R$0.12 |
| Dividend | 16/12/2003 | 29/12/2003 | R$0.12 |
| Interest on equity | 20/08/2003 | 05/09/2003 | R$0.22 |
| Interest on equity | 29/04/2003 | 27/06/2003 | R$0.34 |
| Dividend | 29/04/2003 | 26/05/2003 | R$0.16 |
| Dividend | 26/04/2002 | 25/06/2002 | R$0.21 |
| Interest on equity | 26/04/2002 | 25/06/2002 | R$0.27 |
| Interest on equity | 01/08/2001 | 28/09/2001 | R$0.16 |
| Dividend | 30/04/2001 | 29/06/2001 | R$0.23 |
| Interest on equity | 30/04/2001 | 29/06/2001 | R$0.00 |
| Dividend | 28/04/2008 | — | R$0.79 |
| Dividend | 28/04/2008 | — | R$1.57 |
| Dividend | 30/04/2007 | — | R$0.45 |
| Dividend | 30/04/2007 | — | R$0.54 |
| Dividend | 27/04/2006 | — | R$0.44 |
| Dividend | 27/04/2006 | — | R$0.47 |
| Other | 29/04/2003 | — | R$0.24 |
| Other | 26/04/2002 | — | R$0.24 |
| Other | 30/04/2001 | — | R$0.19 |
| Interest on equity | 10/11/2000 | — | R$0.15 |
| Interest on equity | 15/08/2000 | — | R$0.07 |
| Interest on equity | 25/04/2000 | — | R$0.07 |
| Other | 04/04/2000 | — | R$0.13 |
| Dividend | 04/04/2000 | — | R$0.01 |
| Interest on equity | 19/01/2000 | — | R$0.06 |
| Interest on equity | 12/11/1999 | — | R$0.24 |
| Dividend | 06/04/1999 | — | R$0.09 |
| Interest on equity | 09/02/1999 | — | R$0.08 |
| Dividend | 30/03/1998 | — | R$0.17 |
| Event | Last day to own | Ratio |
|---|---|---|
| Share consolidation | 01/06/2007 | 0.0005 for 1 |
| Split | 29/04/2003 | 32 for 31 |
| Split | 05/04/2000 | 17 for 10 |
About Cia Energetica Do Ceara - Coelce
- Listing segment
- Traditional
- Tag along
- Set by the bylaws
- Free float
- 23.55%
- Shares issued
- 53.4m ordinary · 32.9m preferred
- Average daily trading
- R$298.7k
- Listed since
- 09/10/1995
- CNPJ
- 07.047.251/0001-70
| Shareholder | Ordinary | Preferred | Total |
|---|---|---|---|
| Enel Brasil S.A.Controlling | 98.12% | 42.29% | 77.04% |
| Centrais Elétricas Brasileiras S.A. | 0.05% | 16.99% | 6.45% |
| BANCARD INVERSIONES LIMITADA | 0.00% | 10.77% | 4.07% |
| FOURTH SAIL LONG SHORT LLC | 0.00% | 6.41% | 2.42% |
| UNA CAPITAL LTDA | 0.00% | 5.26% | 1.99% |
| FOURTH SAIL DISCOVERY LLC | 0.00% | 2.31% | 0.87% |
| Outros | 1.83% | 15.97% | 7.17% |
Questions about COCE5
How much is COCE5 today?
COCE5 is at R$31.55 (2.44% on the day), last traded on 30/09/2026.
How much did COCE5 pay in dividends in 2025?
COCE5 paid R$1.35 per share in 2025, a dividend yield of 3.98%.
When is the next COCE5 dividend?
The next announced payment is R$1.48 per share on 31/12/2026.
What are the P/E and P/B of COCE5?
COCE5 trades at a P/E of 6.44 and a P/B of 0.49.
How much did COCE5 return in 12 months?
COCE5 returned 13.55% in 12 months, with annualised volatility of 32.79% and a largest drawdown of -14.95%.