B3 · BRL

CEBR3

Companhia Energetica de Brasilia - CEB

R$23.350.00% (R$0.00)
Day's range
R$23.30 – R$23.59
Day's volume
R$161.1K
52-week range
R$21.90 – R$35.80

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CEBR3 in numbers

Market cap
R$1.7B
P/E
10.53
P/B
1.77
Dividend yield (12m)
14.03%
Net debt/EBITDA
-1.28

The 12-month dividend yield of CEBR3 is 14.03%, below its 5-year average of 134.29%.

CEBR3 price history

10/01/202509/30/2026
Compare with

CEBR3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+15.54%+153.95%+100.46%
Volatility (annualized)29.50%34.20%34.36%
Largest drawdown-24.18%-39.09%-48.76%
Positive months7/1222/3636/60

How much did investing in CEBR3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$2,004.65 today.

Value today in CEBR3
R$2,004.65
Return over the period
+100.46%
Return per year
+14.93%
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.

CEBR3 fundamentals

Valuation

  • P/E
    10.53
  • P/B
    1.77
  • EV/EBITDA
    6.21
  • EV/EBIT
    6.44
  • EV/Revenue
    3.06
  • P/EBIT
    7.77
  • P/S
    3.69
  • P/OCF
    —
  • P/FCF
    —
  • Earnings yield
    15.53%
  • PEG ratio
    —
  • Earnings per share
    R$2.22
  • Book value per share
    R$13.19

Debt

  • Net debt
    -R$287.3M
  • Net debt/EBITDA
    -1.28
  • Net debt/Equity
    -0.24
  • Debt/Equity
    0.00
  • Current ratio
    7.99
  • Quick ratio
    7.73
  • Cash ratio
    4.00

Efficiency

  • Gross margin
    47.05%
  • EBITDA margin
    49.27%
  • Operating margin
    47.48%
  • Net margin
    44.00%
  • Asset turnover
    0.34

Profitability

  • ROE
    16.82%
  • ROA
    14.85%
  • ROIC
    18.27%
  • Payout
    147.66%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    -37.34%
  • Revenue growth (year)
    45.66%
  • Earnings growth (year)
    6.51%
  • Revenue growth (quarter)
    4.02%
  • Earnings growth (quarter)
    -18.69%

What is CEBR3's fair price?

Two classic value formulas, with today's numbers. The current price is R$23.35.

Graham's fair price
R$25.65
9.86% above the price

√(22.50 × R$2.22 × R$13.19)

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$356.85
1,428.25% above the price

R$21.41 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

CEBR3's indicators by year

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

Indicator20252024202320222021202020192018
P/E10.416.516.853.740.924.176.594.49
P/B1.660.860.990.601.092.000.780.51
EV/EBITDA6.371.862.50-0.020.2312.613.323.49
Dividend yield16.73%9.92%15.20%34.76%594.84%6.67%0.44%3.28%
Earnings per shareR$2.57R$2.42R$2.55R$2.72R$17.35R$30.01R$8.26R$6.24
Book value per shareR$16.18R$18.24R$17.61R$17.02R$14.68R$62.49R$69.41R$54.98
ROE15.91%13.25%14.46%16.00%118.17%48.02%11.90%11.35%
ROIC24.43%29.71%30.26%43.82%369.04%12.45%15.40%15.70%
Gross margin43.77%55.10%51.83%54.06%48.62%48.92%17.89%14.68%
EBITDA margin46.31%65.46%65.34%91.29%550.63%54.73%11.33%11.32%
Net margin36.36%49.73%52.05%60.93%364.47%169.54%4.33%3.47%
Net debt/EBITDA-1.80-3.09-2.96-2.51-0.38-0.300.802.12

CEBR3's financial statements

Line202520242023202220212020
Net revenueR$510.3MR$350.4MR$352.6MR$322.2MR$343.1MR$255.2M
Cost of revenue-R$287M-R$157.3M-R$169.8M-R$148M-R$176.3M-R$130.4M
Gross profitR$223.4MR$193.1MR$182.7MR$174.2MR$166.8MR$124.8M
EBITDAR$236.4MR$229.3MR$230.4MR$294.2MR$1.9BR$139.7M
EBITR$228.4MR$221.1MR$222.3MR$284.4MR$1.9BR$131.3M
Financial resultR$84.4MR$69.9MR$88.8MR$80.5MR$53MR$500K
Income before taxR$312.8MR$291MR$311.1MR$364.9MR$1.9BR$131.8M
Income tax-R$64.8M-R$53.8M-R$62.9M-R$90.8M-R$629.1M-R$24.5M
Net incomeR$185.6MR$174.2MR$183.5MR$196.3MR$1.3BR$432.6M

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

CEBR3 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
CEBR3Cia Energetica De Brasilia10.531.7714.03%16.82%R$1.7B
AXIA3AXIA313.391.323.41%9.86%R$159B
AXIA7AXIA7——0.00%—R$159B
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO12.062.1512.68%17.80%R$96.7B
ENEV3ENEVA S.A56.292.660.00%4.73%R$54.2B
CPFE3CPFL ENERGIA S.A.8.732.318.20%26.43%R$52.4B
EQTL3EQUATORIAL S.A.53.421.963.89%3.67%R$51.2B

Does CEBR3 pay dividends?

Dividend yield per year

  • 0.00%2017
  • 3.28%2018
  • 0.44%2019
  • 6.67%2020
  • 594.84%2021
  • 34.76%2022
  • 15.20%2023
  • 9.92%2024
  • 16.73%2025
  • 6.89%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend07/20/202607/30/2026R$1.00
Dividend04/30/202605/08/2026R$0.61
Dividend12/10/202512/19/2025R$1.67
Dividend09/09/202509/17/2025R$1.67
Dividend04/30/202505/30/2025R$1.15
Interest on equity11/26/202412/06/2024R$0.82
Dividend04/30/202405/10/2024R$0.74
Dividend11/01/202311/10/2023R$0.43
Interest on equity11/01/202311/10/2023R$0.73
Dividend05/02/202305/12/2023R$1.49
Dividend04/27/202206/24/2022R$3.54
Dividend10/14/202110/27/2021R$55.69
See all 36 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity10/14/202110/27/2021R$2.23
Dividend05/05/202105/13/2021R$36.90
Dividend07/27/202012/30/2020R$1.67
Dividend05/06/201906/28/2019R$0.05
Dividend05/04/201806/29/2018R$0.18
Dividend04/30/201312/20/2013R$2.47
Dividend04/30/201005/31/2010R$0.45
Dividend05/15/2002—R$0.02
Dividend05/15/2002—R$1.09
Dividend05/15/2002—R$0.04
Dividend04/30/2001—R$0.37
Dividend04/30/2001—R$0.05
Dividend04/30/2001—R$0.02
Dividend04/26/2000—R$0.23
Dividend04/26/2000—R$0.05
Dividend04/26/2000—R$0.02
Dividend05/21/1999—R$0.74
Dividend05/21/1999—R$0.12
Dividend05/21/1999—R$0.05
Dividend04/30/1998—R$0.98
Dividend04/30/1998—R$0.12
Dividend04/30/1997—R$0.89
Dividend04/30/1997—R$0.34
Dividend04/30/1996—R$0.11
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Split10/15/20215 for 1
Reverse split06/15/20071 for 500
Bonus shares04/30/199855.41% in shares

About Cia Energetica De Brasilia

Sector
Energia
Segment
Energia Elétrica
Listing segment
Traditional
Tag along
80.00%
Free float
19.85%
Shares issued
35.92M common · 36.16M preferred
Average daily trading
R$210.5K
Listed since
08/10/1994
CNPJ
00.070.698/0001-11

A Companhia Energética de Brasília (CEB), negociada na B3 sob CEBR3, atua como holding de participações no setor de energia e negócios correlatos no Distrito Federal e em ativos de geração e transmissão. Após a alienação do braço de distribuição, a estrutura societária passou a concentrar participações em empresas e projetos, além de serviços energéticos e atividades associadas à gestão de ativos. A dinâmica econômica da companhia depende de receitas de participações societárias, resultados de subsidiárias e da administração de passivos e investimentos de longo prazo. Por ser sociedade de economia mista e companhia aberta, a CEB combina obrigações de mercado de capitais com diretrizes de controle público. As informações financeiras e societárias são divulgadas de forma periódica em seus canais oficiais.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
SECRETARIA DE ESTADO DE PLANEJAMENTO, ORÇAMENTO E ADMINISTRAÇÃO DO DISTRITO FEDERALControlling93.20%67.19%80.15%
Outros6.81%32.81%19.85%

Questions about CEBR3

How much is CEBR3 today?

CEBR3 is at R$23.35 (0.00% on the day), last traded on 10/01/2026.

How much did CEBR3 pay in dividends in 2025?

CEBR3 paid R$4.48 per share in 2025, a dividend yield of 16.73%.

What are the P/E and P/B of CEBR3?

CEBR3 trades at a P/E of 10.53 and a P/B of 1.77.

How much did CEBR3 return in 12 months?

CEBR3 returned 15.54% in 12 months, with annualized volatility of 29.50% and a largest drawdown of -24.18%.

What sector is CEBR3 in?

Cia Energetica De Brasilia is in the Energia sector, Energia Elétrica segment.