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B3 · BRL

TAEE3

Transmissora Alianca De Energia Eletrica S.A.

R$13.70+1.93% (R$0.26)
Day's range
R$13.43 – R$13.73
Day's volume
R$761.7k
52-week range
R$11.50 – R$15.20

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TAEE3 in numbers

Market cap
R$14.3bn
P/E
8.71
P/B
1.75
Dividend yield (12m)
7.31%
Net debt/EBITDA
7.12

The 12-month dividend yield of TAEE3 is 7.31%, below its 5-year average of 10.42%.

TAEE3 price history

01/10/202530/09/2026
Compare with

TAEE3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+16.80%+57.39%+77.41%
Volatility (annualised)18.42%15.56%16.93%
Largest drawdown-7.60%-7.60%-13.95%
Positive months8/1220/3633/60

How much did investing in TAEE3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$1,791.54 today.

Value today in TAEE3
R$1,791.54
Return over the period
+79.15%
Return per year
+12.37%
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.

TAEE3 fundamentals

Valuation

  • P/E
    8.71
  • P/B
    1.75
  • EV/EBITDA
    11.89
  • EV/EBIT
    12.23
  • EV/Revenue
    7.94
  • P/EBIT
    4.90
  • P/S
    3.18
  • P/OCF
    8.38
  • P/FCF
    8.03
  • Earnings yield
    8.18%
  • PEG ratio
    —
  • Earnings per share
    R$1.57
  • Book value per share
    R$7.81

Debt

  • Net debt
    R$21.3bn
  • Net debt/EBITDA
    7.12
  • Net debt/Equity
    2.64
  • Debt/Equity
    2.71
  • Current ratio
    3.48
  • Quick ratio
    3.48
  • Cash ratio
    0.63

Efficiency

  • Gross margin
    60.76%
  • EBITDA margin
    66.77%
  • Operating margin
    64.89%
  • Net margin
    36.25%
  • Asset turnover
    0.20

Profitability

  • ROE
    20.14%
  • ROA
    7.16%
  • ROIC
    9.09%
  • Payout
    63.72%

Growth

  • Revenue CAGR (5 years)
    2.68%
  • Earnings CAGR (5 years)
    -9.75%
  • Revenue growth (year)
    24.37%
  • Earnings growth (year)
    -6.73%
  • Revenue growth (quarter)
    3.75%
  • Earnings growth (quarter)
    -9.26%

What is TAEE3's fair price?

Two classic value formulas, with today's numbers. The current price is R$13.70.

Graham's fair price
R$16.62
21.34% above the price

√(22.50 × R$1.57 × R$7.81)

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$21.12
54.14% above the price

R$1.27 (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.

TAEE3 indicators by year

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

Indicator20252024202320222021202020192018
P/E9.096.669.678.295.665.1210.608.17
P/B1.891.621.981.831.881.922.161.91
EV/EBITDA12.6910.2613.1410.877.266.8914.6410.38
Dividend yield7.10%8.75%9.96%13.91%12.38%9.56%6.13%10.97%
Earnings per shareR$1.53R$1.64R$1.32R$1.40R$2.14R$2.19R$0.97R$1.04
Book value per shareR$7.36R$6.71R$6.46R$6.36R$6.47R$5.83R$4.77R$4.42
ROE20.76%24.41%20.48%22.06%33.12%37.55%20.33%23.43%
ROIC8.84%10.29%9.16%9.72%15.04%16.05%8.15%11.71%
Gross margin55.07%66.49%63.10%80.95%81.31%70.57%68.02%77.84%
EBITDA margin60.54%77.68%69.99%94.26%99.59%90.14%79.01%87.83%
Net margin34.17%45.56%40.68%55.39%63.76%63.54%55.82%65.51%
Net debt/EBITDA7.566.367.526.003.643.287.154.29

TAEE3 financial statements

Line202520242023202220212020
Net revenueR$4.6bnR$3.7bnR$3.4bnR$2.6bnR$3.5bnR$3.6bn
Cost of sales-R$2.1bn-R$1.2bn-R$1.2bn-R$498.4m-R$649m-R$1bn
Gross profitR$2.5bnR$2.5bnR$2.1bnR$2.1bnR$2.8bnR$2.5bn
EBITDAR$2.8bnR$2.9bnR$2.4bnR$2.5bnR$3.5bnR$3.2bn
EBITR$2.7bnR$2.9bnR$2.3bnR$2.4bnR$3.4bnR$3.2bn
Net finance result-R$1bn-R$1bn-R$903.8m-R$737.6m-R$810.1m-R$475.5m
Profit before taxR$1.7bnR$1.9bnR$1.4bnR$1.7bnR$2.6bnR$2.7bn
Income tax-R$119m-R$168.6m-R$63.4m-R$254.5m-R$411.4m-R$456.3m
Net incomeR$1.6bnR$1.7bnR$1.4bnR$1.4bnR$2.2bnR$2.3bn

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

TAEE3 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
TAEE3Transmissora Aliança De Energia Elétrica8.711.757.31%20.14%R$14.3bn
TAEE4TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.8.861.787.19%20.14%R$14.3bn
LOGG3LOG COMMERCIAL PROPERTIES5.900.6327.38%10.63%R$2.2bn
PRNR3PRINER SERVIÇOS INDUSTRIAIS S.A.24.482.240.00%9.17%R$1.1bn
MELK3MELNICK DESENVOLVIMENTO IMOBILIÁRIO S.A.5.270.5813.75%10.91%R$625m
AZEV4AZEVEDO E TRAVASSOS S.A.-0.200.320.00%-160.82%R$348.4m
AZEV3AZEVEDO E TRAVASSOS S.A.-1.151.850.00%-160.82%R$348.4m

Does TAEE3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend14/08/202626/11/2026R$0.08
Interest on equity14/08/202626/11/2026R$0.12

Dividend yield per year

  • 8.23%2017
  • 10.97%2018
  • 6.13%2019
  • 9.56%2020
  • 12.38%2021
  • 13.91%2022
  • 9.96%2023
  • 8.75%2024
  • 7.10%2025
  • 5.85%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity11/05/202626/08/2026R$0.19
Dividend29/04/202627/05/2026R$0.05
Dividend29/04/202627/05/2026R$0.25
Dividend14/11/202528/01/2026R$0.17
Interest on equity14/11/202528/01/2026R$0.14
Dividend18/08/202527/11/2025R$0.08
Interest on equity18/08/202527/11/2025R$0.21
Dividend29/04/202527/11/2025R$0.11
Interest on equity12/05/202527/08/2025R$0.18
Dividend29/04/202528/05/2025R$0.18
Interest on equity11/11/202429/01/2025R$0.13
Dividend11/11/202429/01/2025R$0.09
See all 99 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity15/08/202427/11/2024R$0.11
Dividend15/08/202427/11/2024R$0.10
Interest on equity13/05/202427/06/2024R$0.14
Dividend03/05/202416/05/2024R$0.38
Dividend03/01/202416/01/2024R$0.22
Dividend13/11/202315/12/2023R$0.00
Interest on equity13/11/202315/12/2023R$0.19
Dividend07/08/202329/08/2023R$0.21
Interest on equity07/08/202329/08/2023R$0.09
Dividend07/08/202329/08/2023R$0.09
Interest on equity07/08/202329/08/2023R$0.21
Dividend03/05/202329/08/2023R$0.03
Dividend10/01/202323/01/2023R$0.45
Dividend14/11/202205/12/2022R$0.04
Dividend14/11/202205/12/2022R$0.11
Interest on equity14/11/202205/12/2022R$0.20
Dividend15/08/202226/08/2022R$0.30
Interest on equity15/08/202226/08/2022R$0.19
Dividend09/05/202231/05/2022R$0.77
Interest on equity06/12/202129/12/2021R$0.20
Dividend06/12/202129/12/2021R$0.31
Dividend04/05/202131/05/2021R$0.54
Interest on equity18/05/202127/05/2021R$0.06
Dividend18/05/202127/05/2021R$0.39
Interest on equity15/12/202028/12/2020R$0.05
Interest on equity16/11/202025/11/2020R$0.06
Dividend16/11/202025/11/2020R$0.40
Interest on equity17/08/202026/08/2020R$0.06
Dividend17/08/202026/08/2020R$0.21
Dividend19/05/202028/05/2020R$0.17
Interest on equity19/05/202028/05/2020R$0.06
Dividend06/05/202015/05/2020R$0.06
Interest on equity16/12/201927/12/2019R$0.06
Interest on equity19/11/201929/11/2019R$0.06
Dividend19/11/201929/11/2019R$0.12
Dividend08/08/201919/08/2019R$0.17
Interest on equity08/08/201919/08/2019R$0.07
Interest on equity17/05/201928/05/2019R$0.08
Dividend17/05/201928/05/2019R$0.02
Dividend03/05/201914/05/2019R$0.06
Interest on equity17/12/201828/12/2018R$0.13
Dividend09/11/201822/11/2018R$0.24
Interest on equity09/08/201820/08/2018R$0.07
Dividend09/08/201820/08/2018R$0.09
Dividend14/05/201823/05/2018R$0.18
Interest on equity14/05/201823/05/2018R$0.06
Dividend02/05/201811/05/2018R$0.15
Interest on equity18/12/201728/12/2017R$0.09
Dividend16/11/201730/11/2017R$0.04
Interest on equity16/11/201730/11/2017R$0.05
Interest on equity16/08/201731/08/2017R$0.07
Dividend16/08/201731/08/2017R$0.00
Interest on equity22/05/201731/05/2017R$0.08
Dividend22/05/201731/05/2017R$0.10
Dividend04/05/201712/05/2017R$0.17
Dividend23/11/201605/12/2016R$0.04
Interest on equity23/11/201605/12/2016R$0.14
Interest on equity17/08/201629/08/2016R$0.02
Dividend17/08/201629/08/2016R$0.17
Dividend24/05/201603/06/2016R$0.09
Interest on equity24/05/201603/06/2016R$0.12
Dividend18/04/201619/04/2016R$0.31
Dividend18/12/201530/12/2015R$0.11
Interest on equity18/12/201529/12/2015R$0.08
Interest on equity17/09/201530/09/2015R$0.16
Dividend17/09/201529/09/2015R$0.14
Dividend22/04/201529/04/2015R$0.25
Interest on equity04/12/201416/12/2014R$0.19
Dividend26/09/201406/10/2014R$0.39
Dividend30/04/201428/05/2014R$0.40
Interest on equity12/12/201320/12/2013R$0.18
Dividend12/12/201320/12/2013R$0.20
Dividend30/04/201310/06/2013R$0.35
Dividend19/12/201227/12/2012R$0.15
Dividend27/04/201231/10/2012R$1.63
Dividend27/04/201231/10/2012R$0.21
Dividend27/04/2011—R$1.55
Dividend27/04/2011—R$1.27
Dividend08/11/2010—R$0.40
Dividend16/10/2009—R$1.15
Dividend10/03/2009—R$0.03
Dividend30/07/2008—R$0.32
Interest on equity10/03/2008—R$0.05
Dividend10/03/2008—R$0.21
Dividend08/08/2007—R$0.40
Interest on equity08/08/2007—R$0.07
Dividend21/03/2007—R$0.36
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split04/12/20123 for 1

About Transmissora Aliança De Energia Elétrica

Sector
Energia
Segment
Energia Elétrica
Listing segment
Level 2
Tag along
100.00%
Free float
63.45%
Shares issued
590.71m ordinary · 442.78m preferred
Average daily trading
R$1.4m
Listed since
27/10/2006
CNPJ
07.859.971/0001-30

Taesa (Transmissora Aliança de Energia Elétrica S.A.) é uma empresa brasileira atuante no segmento de transmissão de energia elétrica, operando linhas de transmissão de alta tensão que conectam geradores a distribuidoras de energia. Fundada em 2000, a Taesa é uma das principais transmissoras de energia do Brasil, operando milhares de quilômetros de linhas de transmissão em múltiplos estados. A companhia é responsável pela transmissão de energia elétrica gerada em usinas hidrelétricas, termelétricas e de outras fontes para os centros de consumo. A Taesa é um importante player na infraestrutura energética brasileira, operando com foco em confiabilidade, eficiência e sustentabilidade. Com receita anual superior a R$ 2 bilhões, a companhia é uma das maiores transmissoras de energia do Brasil, movimentando bilhões de megawatts-hora anualmente. A empresa está comprometida com a modernização da infraestrutura de transmissão e a transição para uma matriz energética mais sustentável.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Companhia Energética de Minas GeraisControlling36.97%1.28%21.68%
ISA Investimentos e Participações do Brasil S.A.Controlling26.03%0.00%14.88%
Blackrock, Inc0.00%5.00%2.14%
Outros37.00%93.72%61.30%

Questions about TAEE3

How much is TAEE3 today?

TAEE3 is at R$13.70 (1.93% on the day), last traded on 30/09/2026.

How much did TAEE3 pay in dividends in 2025?

TAEE3 paid R$0.99 per share in 2025, a dividend yield of 7.10%.

When is the next TAEE3 dividend?

The next announced payment is R$0.08 per share on 26/11/2026.

What are the P/E and P/B of TAEE3?

TAEE3 trades at a P/E of 8.71 and a P/B of 1.75.

How much did TAEE3 return in 12 months?

TAEE3 returned 16.80% in 12 months, with annualised volatility of 18.42% and a largest drawdown of -7.60%.

What sector is TAEE3 in?

Transmissora Aliança De Energia Elétrica is in the Energia sector, Energia Elétrica segment.