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B3 · BRL

GEPA3

Rio Paranapanema Energia SA

R$33.20+0.03% (R$0.01)
Day's range
R$33.20 – R$33.20
Day's volume
R$3.3k
52-week range
R$30.00 – R$38.10

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See how GEPA3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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GEPA3 in numbers

Market cap
R$3.4bn
P/E
13.96
P/B
2.28
Dividend yield (12m)
19.28%
Net debt/EBITDA
1.95

The 12-month dividend yield of GEPA3 is 19.28%, above its 5-year average of 13.32%.

GEPA3 price history

01/10/202530/09/2026
Compare with

GEPA3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+14.93%+146.44%+108.44%
Volatility (annualised)24.65%20.21%24.16%
Largest drawdown-12.10%-12.10%-32.16%
Positive months5/1221/3633/60

How much did investing in GEPA3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$2,084.41 today.

Value today in GEPA3
R$2,084.41
Return over the period
+108.44%
Return per year
+15.83%
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.

GEPA3 fundamentals

Valuation

  • P/E
    13.96
  • P/B
    2.28
  • EV/EBITDA
    6.45
  • EV/EBIT
    —
  • EV/Revenue
    3.51
  • P/EBIT
    —
  • P/S
    2.45
  • P/OCF
    5.42
  • P/FCF
    -9.46
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    R$2.38
  • Book value per share
    R$14.58

Debt

  • Net debt
    R$1.5bn
  • Net debt/EBITDA
    1.95
  • Net debt/Equity
    1.07
  • Debt/Equity
    1.26
  • Current ratio
    0.52
  • Quick ratio
    0.52
  • Cash ratio
    0.32

Efficiency

  • Gross margin
    35.79%
  • EBITDA margin
    54.46%
  • Operating margin
    30.65%
  • Net margin
    16.30%
  • Asset turnover
    0.35

Profitability

  • ROE
    16.32%
  • ROA
    5.66%
  • ROIC
    —
  • Payout
    269.06%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    10.22%
  • Earnings growth (quarter)
    -50.64%

What is GEPA3's fair price?

Two classic value formulas, with today's numbers. The current price is R$33.20.

Graham's fair price
R$27.93
15.86% below the price

√(22.50 × R$2.38 × R$14.58)

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$64.19
93.36% above the price

R$3.85 (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.

GEPA3 indicators by year

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

Indicator20252024202320222021202020192018
P/E——7.539.67-343.395.6418.0111.99
P/B2.281.721.411.261.582.072.861.88
EV/EBITDA——5.396.1313.713.308.847.29
Dividend yield17.24%20.81%6.87%10.76%10.94%4.88%8.76%10.32%
Earnings per shareR$0.00R$0.00R$3.62R$2.58-R$0.09R$7.43R$2.61R$2.71
Book value per shareR$13.14R$16.89R$19.30R$19.82R$20.20R$20.24R$16.42R$17.32
ROE0.00%0.00%18.75%13.00%-0.46%36.71%15.89%15.65%
ROIC0.00%0.00%12.73%9.93%1.38%32.98%10.81%9.87%
Gross margin——38.61%40.92%16.79%97.03%38.28%41.38%
EBITDA margin——48.77%48.71%29.38%104.39%49.58%53.30%
Net margin——24.54%17.76%-0.65%48.37%17.82%19.40%
Net debt/EBITDA——1.602.606.070.692.372.93

GEPA3 financial statements

Line202520242023202220212020
Net revenueR$0R$0R$1.4bnR$1.4bnR$1.3bnR$1.5bn
Cost of salesR$0R$0-R$854.5m-R$809m-R$1.1bn-R$43.1m
Gross profitR$0R$0R$537.4mR$560.4mR$226.2mR$1.4bn
EBITDAR$0R$0R$678.8mR$667.1mR$395.7mR$1.5bn
EBITR$0R$0R$494.7mR$479.9mR$206.1mR$1.4bn
Net finance resultR$0R$0-R$38m-R$154.3m-R$236.6m-R$388.5m
Profit before taxR$0R$0R$456.7mR$325.6m-R$30.5mR$1bn
Income taxR$0R$0-R$115.1m-R$82.4mR$21.7m-R$302.7m
Net incomeR$0R$0R$341.6mR$243.2m-R$8.8mR$701.9m

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

GEPA3 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
GEPA3Rio Paranapanema Energia13.962.2819.28%16.32%R$3.4bn
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 GEPA3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend29/12/202509/10/2026R$1.05
Dividend30/04/202631/12/2026R$0.24
Dividend29/12/202531/12/2028R$1.05

Dividend yield per year

  • 9.86%2017
  • 10.32%2018
  • 8.76%2019
  • 4.88%2020
  • 10.94%2021
  • 10.76%2022
  • 6.87%2023
  • 20.81%2024
  • 17.24%2025
  • 12.23%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend29/12/202523/07/2026R$1.05
Dividend29/12/202528/05/2026R$1.74
Interest on equity09/12/202528/05/2026R$1.27
Dividend30/04/202519/12/2025R$4.05
Interest on equity16/12/202429/05/2025R$1.12
Dividend02/10/202416/10/2024R$1.84
Dividend30/04/202430/08/2024R$3.03
Interest on equity11/12/202328/03/2024R$1.16
Interest on equity04/01/202330/06/2023R$1.06
Dividend28/04/202327/06/2023R$0.81
Dividend07/12/202219/12/2022R$1.34
Interest on equity07/12/202219/12/2022R$1.34
See all 61 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend30/04/202125/06/2021R$2.94
Interest on equity18/12/202030/03/2021R$0.56
Dividend03/07/202028/08/2020R$1.33
Interest on equity20/12/201930/03/2020R$0.72
Dividend12/12/201920/12/2019R$1.27
Dividend26/04/201927/06/2019R$1.28
Interest on equity02/01/201929/03/2019R$0.78
Interest on equity31/12/201827/03/2019R$0.78
Dividend22/11/201819/12/2018R$1.27
Dividend27/04/201827/06/2018R$1.30
Interest on equity19/12/201730/01/2018R$0.78
Dividend31/10/201719/12/2017R$1.27
Dividend28/04/201721/06/2017R$1.84
Interest on equity27/12/201628/02/2017R$0.67
Dividend26/10/201617/11/2016R$1.89
Dividend28/04/201630/06/2016R$1.38
Interest on equity28/12/201516/03/2016R$0.56
Dividend30/10/201523/11/2015R$0.66
Interest on equity29/12/201430/03/2015R$0.66
Dividend02/10/201404/11/2014R$2.29
Dividend28/04/201421/05/2014R$2.23
Interest on equity16/12/201329/01/2014R$0.71
Dividend14/10/201325/11/2013R$1.97
Dividend26/04/201328/05/2013R$0.89
Interest on equity21/12/201229/01/2013R$0.92
Dividend31/10/201223/11/2012R$2.19
Dividend27/04/201230/05/2012R$1.46
Interest on equity27/12/201130/01/2012R$1.04
Dividend19/10/201110/11/2011R$1.11
Dividend29/04/201130/05/2011R$0.06
Dividend29/04/201130/05/2011R$2.40
Interest on equity30/12/201014/01/2011R$0.20
Dividend30/04/201011/05/2010R$1.48
Dividend20/04/200929/04/2009R$0.33
Dividend27/04/2015—R$0.64
Other31/10/2014—R$5.29
Other23/07/2012—R$3.18
Other14/01/2011—R$3.81
Other05/12/2005—R$1.74
Dividend23/08/2005—R$0.51
Dividend29/04/2005—R$0.47
Dividend29/04/2004—R$0.55
Dividend16/09/2003—R$0.32
Dividend25/10/2002—R$0.96
Dividend30/04/2002—R$0.52
Dividend27/04/2001—R$0.75
Dividend27/10/2000—R$0.40
Interest on equity27/10/2000—R$0.16
Dividend28/04/2000—R$0.13
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation31/10/20071 for 1000

About Rio Paranapanema Energia

Sector
Energia
Segment
Energia Elétrica
Listing segment
Traditional
Tag along
80.00%
Free float
3.81%
Shares issued
31.48m ordinary · 62.96m preferred
Average daily trading
R$6.2k
Listed since
26/07/1999
CNPJ
02.998.301/0001-81

A Rio Paranapanema Energia S.A., negociada na B3 sob GEPA3 e GEPA4, atua em geração hidrelétrica no Brasil e mantém ativos no rio Paranapanema. A companhia integra o grupo de empresas vinculadas à CTG Brasil, após a fase em que os ativos estiveram associados à Duke Energy no país. Seu modelo de negócio está centrado na operação de usinas, gestão de disponibilidade, manutenção eletromecânica e comercialização de energia no ambiente regulado e no mercado livre, conforme a carteira contratual e regras do setor. Como geradora, a empresa tem resultado sensível ao regime hidrológico, ao despacho do sistema e ao preço de energia, além de custos de operação e encargos setoriais. A estrutura societária e de governança segue padrão de companhia aberta, com divulgação periódica de demonstrações financeiras e fatos relevantes. O foco operacional está na confiabilidade dos ativos, segurança de barragens, eficiência de geração e gestão de contratos de longo prazo no mercado brasileiro.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Rio Paranapanema Participações S.A.Controlling99.06%94.76%96.19%
Outros0.94%5.24%3.81%

Questions about GEPA3

How much is GEPA3 today?

GEPA3 is at R$33.20 (0.03% on the day), last traded on 01/10/2026.

How much did GEPA3 pay in dividends in 2025?

GEPA3 paid R$5.17 per share in 2025, a dividend yield of 17.24%.

When is the next GEPA3 dividend?

The next announced payment is R$1.05 per share on 09/10/2026.

What are the P/E and P/B of GEPA3?

GEPA3 trades at a P/E of 13.96 and a P/B of 2.28.

How much did GEPA3 return in 12 months?

GEPA3 returned 14.93% in 12 months, with annualised volatility of 24.65% and a largest drawdown of -12.10%.

What sector is GEPA3 in?

Rio Paranapanema Energia is in the Energia sector, Energia Elétrica segment.