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B3 · BRL

CPFE3

CPFL Energia S.A.

R$45.51+2.27% (R$1.01)
Day's range
R$44.96 – R$46.10
Day's volume
R$89.1m
52-week range
R$37.71 – R$57.21

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See how CPFE3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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CPFE3 in numbers

Market cap
R$52.4bn
P/E
8.73
P/B
2.31
Dividend yield (12m)
8.20%
Net debt/EBITDA
3.75

The 12-month dividend yield of CPFE3 is 8.20%, below its 5-year average of 9.26%.

CPFE3 price history

01/10/202530/09/2026
Compare with

CPFE3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+18.11%+46.93%+129.92%
Volatility (annualised)25.83%20.44%20.08%
Largest drawdown-12.10%-17.97%-17.97%
Positive months6/1219/3634/60

How much did investing in CPFE3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$2,195.43 today.

Value today in CPFE3
R$2,195.43
Return over the period
+119.54%
Return per year
+17.03%
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.

CPFE3 fundamentals

Valuation

  • P/E
    8.73
  • P/B
    2.31
  • EV/EBITDA
    7.59
  • EV/EBIT
    8.99
  • EV/Revenue
    2.27
  • P/EBIT
    4.55
  • P/S
    1.15
  • P/OCF
    8.18
  • P/FCF
    44.03
  • Earnings yield
    11.12%
  • PEG ratio
    0.77
  • Earnings per share
    R$5.21
  • Book value per share
    R$19.72

Debt

  • Net debt
    R$51.3bn
  • Net debt/EBITDA
    3.75
  • Net debt/Equity
    2.17
  • Debt/Equity
    2.33
  • Current ratio
    0.92
  • Quick ratio
    0.91
  • Cash ratio
    0.21

Efficiency

  • Gross margin
    32.06%
  • EBITDA margin
    29.95%
  • Operating margin
    25.28%
  • Net margin
    13.79%
  • Asset turnover
    0.55

Profitability

  • ROE
    26.43%
  • ROA
    7.54%
  • ROIC
    11.54%
  • Payout
    71.60%

Growth

  • Revenue CAGR (5 years)
    5.96%
  • Earnings CAGR (5 years)
    6.63%
  • Revenue growth (year)
    4.08%
  • Earnings growth (year)
    0.49%
  • Revenue growth (quarter)
    3.65%
  • Earnings growth (quarter)
    11.06%

What is CPFE3's fair price?

Two classic value formulas, with today's numbers. The current price is R$45.51.

Graham's fair price
R$48.08
5.65% above the price

√(22.50 × R$5.21 × R$19.72)

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$55.09
21.05% above the price

R$3.31 (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.

CPFE3 indicators by year

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

Indicator20252024202320222021202020192018
P/E11.206.678.037.506.4710.2915.1614.27
P/B2.611.672.222.181.832.633.082.34
EV/EBITDA8.156.106.275.916.578.9310.7410.60
Dividend yield8.13%8.72%10.70%4.88%13.89%5.53%1.35%0.95%
Earnings per shareR$4.76R$4.74R$4.80R$4.43R$4.12R$3.16R$2.35R$2.02
Book value per shareR$20.40R$18.92R$17.36R$15.22R$14.59R$12.35R$11.53R$12.31
ROE23.33%25.04%27.64%29.07%28.25%25.59%20.35%16.42%
ROIC11.35%12.14%13.56%14.61%12.24%11.37%8.56%7.45%
Gross margin31.83%31.83%34.33%30.08%23.61%22.40%21.97%20.58%
EBITDA margin29.58%30.04%31.40%30.37%22.62%21.04%20.42%19.04%
Net margin12.36%12.80%13.91%12.96%12.11%11.79%9.03%7.31%
Net debt/EBITDA3.483.262.712.713.113.164.045.12

CPFE3 financial statements

Line202520242023202220212020
Net revenueR$44.4bnR$42.6bnR$39.7bnR$39.4bnR$39.2bnR$30.9bn
Cost of sales-R$30.2bn-R$29.1bn-R$26.1bn-R$27.5bn-R$30bn-R$24bn
Gross profitR$14.1bnR$13.6bnR$13.6bnR$11.8bnR$9.3bnR$6.9bn
EBITDAR$13.1bnR$12.8bnR$12.5bnR$12bnR$8.9bnR$6.5bn
EBITR$11.1bnR$10.8bnR$10.6bnR$10.2bnR$7.4bnR$5.1bn
Net finance result-R$3bn-R$2.7bn-R$2.6bn-R$2.9bn-R$792.5m-R$316m
Profit before taxR$8.1bnR$8.1bnR$8bnR$7.3bnR$6.6bnR$4.8bn
Income tax-R$2.3bn-R$2.3bn-R$2.5bn-R$2.1bn-R$1.8bn-R$1.1bn
Net incomeR$5.5bnR$5.5bnR$5.5bnR$5.1bnR$4.7bnR$3.6bn

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

CPFE3 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
CPFE3Cpfl Energia8.732.318.20%26.43%R$52.4bn
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
EQTL3EQUATORIAL S.A.52.261.923.98%3.67%R$50.1bn

Does CPFE3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend29/04/202631/12/2026R$3.73

Dividend yield per year

  • 1.13%2017
  • 0.95%2018
  • 1.35%2019
  • 5.53%2020
  • 13.89%2021
  • 4.88%2022
  • 10.70%2023
  • 8.72%2024
  • 8.13%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend29/04/202515/12/2025R$2.79
Dividend29/04/202525/08/2025R$0.32
Dividend29/04/202525/07/2025R$0.43
Dividend29/04/202525/06/2025R$0.78
Dividend26/04/202426/12/2024R$0.62
Dividend26/04/202427/09/2024R$0.30
Dividend26/04/202430/08/2024R$0.17
Dividend26/04/202426/07/2024R$0.09
Dividend26/04/202428/06/2024R$0.37
Dividend26/04/202413/05/2024R$1.20
Dividend28/04/202331/12/2023R$0.43
Dividend28/04/202331/12/2023R$1.23
See all 55 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend17/08/202320/12/2023R$0.16
Dividend17/08/202315/12/2023R$0.30
Dividend17/08/202330/11/2023R$0.15
Dividend17/08/202317/11/2023R$0.17
Dividend28/04/202325/10/2023R$0.26
Dividend28/04/202323/06/2023R$0.54
Dividend28/04/202316/05/2023R$0.87
Dividend29/04/202230/06/2022R$0.33
Dividend29/04/202214/06/2022R$0.35
Dividend29/04/202211/05/2022R$0.95
Dividend31/08/202131/12/2021R$0.63
Dividend09/12/202121/12/2021R$0.70
Dividend31/08/202116/11/2021R$0.43
Dividend31/08/202122/10/2021R$0.43
Dividend30/04/202129/06/2021R$1.50
Dividend27/07/202030/11/2020R$1.80
Dividend30/04/201927/12/2019R$0.48
Dividend27/04/201826/06/2018R$0.28
Dividend12/01/201720/01/2017R$0.22
Dividend29/04/201601/07/2016R$0.21
Dividend29/04/201407/05/2014R$0.59
Dividend22/08/201301/10/2013R$0.38
Dividend19/04/201330/04/2013R$0.47
Dividend15/08/201228/09/2012R$0.47
Dividend12/04/201227/04/2012R$0.79
Dividend17/08/201130/09/2011R$0.78
Dividend04/04/201129/04/2011R$1.01
Dividend18/08/201030/09/2010R$1.61
Dividend08/03/201030/04/2010R$1.36
Dividend17/08/200930/09/2009R$1.19
Dividend02/03/200930/04/2009R$1.26
Dividend19/08/200830/09/2008R$1.25
Dividend06/03/200830/04/2008R$1.50
Dividend14/08/200728/09/2007R$1.76
Dividend04/09/2014—R$0.44
Dividend15/08/2012—R$0.67
Dividend27/03/2007—R$1.50
Dividend16/08/2006—R$1.28
Dividend04/04/2006—R$0.81
Interest on equity04/01/2006—R$0.23
Dividend22/08/2005—R$0.71
Interest on equity30/06/2005—R$0.17
Dividend29/04/2005—R$0.31
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Bonus shares29/04/20162.50% in shares
Split30/04/201532 for 31
Split29/06/20112 for 1
Share consolidation28/06/20111 for 10
Split28/06/201120 for 1

About Cpfl Energia

Sector
Energia
Segment
Energia Elétrica
Listing segment
Novo Mercado
Tag along
100.00%
Free float
16.29%
Shares issued
1.15bn ordinary
Average daily trading
R$69.3m
Ibovespa weight
0.32%
Listed since
02/06/2003
CNPJ
02.429.144/0001-93

A CPFL Energia S.A., listada na B3 sob o ticker CPFE3, é um grupo brasileiro de energia com origem em 1912. A companhia opera no setor elétrico e tem sede em Campinas, com atuação relevante em distribuição, geração, transmissão e serviços. No segmento de distribuição, o grupo controla concessionárias em estados como São Paulo e Rio Grande do Sul, atendendo milhões de clientes. Em geração, possui portfólio com ativos hidrelétricos, eólicos, solares, térmicos e de biomassa, além de operações em transmissão e soluções energéticas para clientes corporativos. No ambiente competitivo nacional, a CPFL está entre os principais grupos privados do setor, com atuação em negócios regulados e no mercado livre de energia. A companhia integra a State Grid, mantendo presença relevante no mercado de capitais local e exposição a diferentes frentes da cadeia elétrica. A empresa opera em centenas de municípios e administra uma base de infraestrutura extensa de redes, subestações e ativos de geração. Sua escala operacional combina quase treze mil colaboradores e alcance geográfico concentrado no Sul e Sudeste, com expansão seletiva para outras regiões.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
State Grid Brazil Power Participações S.A.Controlling63.39%0.00%63.39%
ESC Energia S.A.20.32%0.00%20.32%
Outros16.29%0.00%16.29%

Questions about CPFE3

How much is CPFE3 today?

CPFE3 is at R$45.51 (2.27% on the day), last traded on 30/09/2026.

How much did CPFE3 pay in dividends in 2025?

CPFE3 paid R$4.33 per share in 2025, a dividend yield of 8.13%.

When is the next CPFE3 dividend?

The next announced payment is R$3.73 per share on 31/12/2026.

What are the P/E and P/B of CPFE3?

CPFE3 trades at a P/E of 8.73 and a P/B of 2.31.

How much did CPFE3 return in 12 months?

CPFE3 returned 18.11% in 12 months, with annualised volatility of 25.83% and a largest drawdown of -12.10%.

What sector is CPFE3 in?

Cpfl Energia is in the Energia sector, Energia Elétrica segment.