B3 · BRL

CLSC3

Centrais Eletricas de Santa Catarina S.A.

R$149.99+7.82% (R$10.88)Updated 10/1/26, 2:16 AM

Day's range: R$142.99 – R$149.99
Day's volume: R$60K
52-week range: R$92.02 – R$149.99

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CLSC3 in numbers

Market cap: R$6.1B

P/E: 6.61

P/B: 1.37

Dividend yield (12m): 8.09%

Net debt/EBITDA: 4.44

The 12-month dividend yield of CLSC3 is 8.09%, below its 5-year average of 8.12%.

CLSC3 price history

10/01/202509/30/2026

Compare with

CLSC3 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+53.82%	+204.03%	+191.17%
Volatility (annualized)	22.71%	21.53%	21.55%
Largest drawdown	-5.09%	-8.80%	-29.45%
Positive months	10/12	27/36	40/60

How much did investing in CLSC3 return?

Amount invested

R$1,000.00 invested on 09/01/2021 would be worth R$2,911.69 today.

Value today in CLSC3: R$2,911.69

Return over the period: +191.17%

Return per year: +23.83%

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.

CLSC3 fundamentals

Valuation

P/E
6.61
P/B
1.37
EV/EBITDA
7.68
EV/EBIT
9.78
EV/Revenue
1.16
P/EBIT
4.13
P/S
0.49
P/OCF
18.78
P/FCF
-6.97
Earnings yield
10.22%
PEG ratio
0.15
Earnings per share
R$22.69
Book value per share
R$109.62

Debt

Net debt
R$8.4B
Net debt/EBITDA
4.44
Net debt/Equity
1.98
Debt/Equity
2.10
Current ratio
1.27
Quick ratio
1.27
Cash ratio
0.13

Efficiency

Gross margin
16.17%
EBITDA margin
15.05%
Operating margin
11.82%
Net margin
6.99%
Asset turnover
0.84

Profitability

ROE
20.70%
ROA
5.85%
ROIC
9.23%
Payout
53.51%

Growth

Revenue CAGR (5 years)
5.21%
Earnings CAGR (5 years)
7.37%
Revenue growth (year)
11.65%
Earnings growth (year)
1.91%
Revenue growth (quarter)
10.65%
Earnings growth (quarter)
44.07%

What is CLSC3's fair price?

Two classic value formulas, with today's numbers. The current price is R$149.99.

Graham's fair price: R$236.55; 57.71% above the price

√(22.50 × R$22.69 × R$109.62)

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$98.00; 34.66% below the price

R$5.88 (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.

CLSC3's indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	6.12	4.27	4.26	3.67	4.15	4.46	6.53	10.75
P/B	1.13	0.83	0.81	0.69	0.89	1.17	1.32	0.99
EV/EBITDA	6.79	5.40	5.12	3.79	4.11	3.70	4.58	4.91
Dividend yield	6.98%	7.88%	11.16%	6.85%	7.72%	2.92%	1.00%	1.01%
Earnings per share	R$18.91	R$18.56	R$14.44	R$14.01	R$14.60	R$13.45	R$7.35	R$4.28
Book value per share	R$102.89	R$95.18	R$76.03	R$74.75	R$67.96	R$51.45	R$36.48	R$46.69
ROE	18.38%	19.50%	18.99%	18.75%	21.48%	26.13%	20.15%	9.16%
ROIC	9.21%	10.31%	10.52%	12.06%	11.97%	15.81%	11.64%	7.52%
Gross margin	16.74%	16.94%	15.93%	14.27%	11.35%	13.59%	12.39%	10.83%
EBITDA margin	15.10%	14.71%	10.97%	10.71%	9.20%	10.41%	9.04%	7.97%
Net margin	6.13%	6.72%	5.35%	5.36%	4.97%	5.86%	3.54%	2.15%
Net debt/EBITDA	4.30	3.45	3.03	1.96	1.87	1.19	2.03	2.00

CLSC3's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$11.9B	R$10.7B	R$10.4B	R$10.1B	R$11.3B	R$8.9B
Cost of revenue	-R$9.9B	-R$8.9B	-R$8.7B	-R$8.6B	-R$10.1B	-R$7.7B
Gross profit	R$2B	R$1.8B	R$1.7B	R$1.4B	R$1.3B	R$1.2B
EBITDA	R$1.8B	R$1.6B	R$1.1B	R$1.1B	R$1B	R$922.6M
EBIT	R$1.4B	R$1.2B	R$825.1M	R$802.3M	R$797.4M	R$681.6M
Financial result	-R$457.1M	-R$287.4M	-R$141.8M	-R$82.7M	R$24.2M	R$43.1M
Income before tax	R$956.9M	R$932.4M	R$683.3M	R$719.7M	R$821.5M	R$724.7M
Income tax	-R$227.4M	-R$216.6M	-R$126.3M	-R$179.1M	-R$258.4M	-R$206M
Net income	R$729.5M	R$715.8M	R$557M	R$540.6M	R$563.2M	R$518.7M

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

CLSC3 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
CLSC3Centrais Elet De Santa Catarina	6.61	1.37	8.09%	20.70%	R$6.1B
AXIA3AXIA3	13.39	1.32	3.41%	9.86%	R$159.1B
AXIA7AXIA7	—	—	0.00%	—	R$159.1B
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO	12.06	2.15	12.68%	17.80%	R$96.7B
ENEV3ENEVA S.A	56.29	2.66	0.00%	4.73%	R$54.2B
CPFE3CPFL ENERGIA S.A.	8.73	2.31	8.20%	26.43%	R$52.4B
EQTL3EQUATORIAL S.A.	53.42	1.96	3.89%	3.67%	R$51.2B

Does CLSC3 pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	04/30/2026	12/30/2026	R$0.63
Interest on equity	12/17/2025	12/30/2026	R$1.11
Interest on equity	09/24/2025	12/30/2026	R$0.92
Interest on equity	06/25/2025	12/30/2026	R$0.72
Interest on equity	03/26/2025	12/30/2026	R$0.74
Interest on equity	09/30/2026	06/30/2027	R$0.96
Interest on equity	07/31/2026	06/30/2027	R$0.49
Interest on equity	06/30/2026	06/30/2027	R$1.93
Interest on equity	03/25/2026	06/30/2027	R$0.95
Interest on equity	09/30/2026	12/30/2027	R$0.96
Interest on equity	07/31/2026	12/30/2027	R$0.49
Interest on equity	06/30/2026	12/30/2027	R$1.93
Interest on equity	03/25/2026	12/30/2027	R$0.95

Dividend yield per year

0.00%2017
1.01%2018
1.00%2019
2.92%2020
7.72%2021
6.85%2022
11.16%2023
7.88%2024
6.98%2025
3.23%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	04/30/2026	06/30/2026	R$0.63
Interest on equity	12/17/2025	06/30/2026	R$1.11
Interest on equity	09/24/2025	06/30/2026	R$0.92
Interest on equity	06/25/2025	06/30/2026	R$0.72
Interest on equity	03/26/2025	06/30/2026	R$1.47
Dividend	04/30/2025	12/30/2025	R$0.95
Interest on equity	12/23/2024	12/30/2025	R$1.19
Interest on equity	09/25/2024	12/30/2025	R$0.58
Interest on equity	06/26/2024	12/30/2025	R$0.52
Dividend	03/22/2024	12/30/2025	R$0.54
Interest on equity	03/22/2024	12/29/2025	R$0.54
Dividend	04/30/2025	06/30/2025	R$0.95

See all 83 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Interest on equity	12/23/2024	06/30/2025	R$1.19
Interest on equity	09/25/2024	06/30/2025	R$0.58
Interest on equity	06/26/2024	06/30/2025	R$0.52
Dividend	03/22/2024	06/30/2025	R$0.54
Interest on equity	09/29/2023	12/30/2024	R$0.60
Dividend	04/30/2024	12/27/2024	R$0.02
Interest on equity	12/22/2023	12/27/2024	R$1.09
Interest on equity	09/01/2023	12/27/2024	R$0.60
Interest on equity	06/30/2023	12/27/2024	R$0.57
Interest on equity	03/31/2023	12/27/2024	R$0.56
Dividend	04/30/2024	06/28/2024	R$0.02
Interest on equity	12/22/2023	06/28/2024	R$1.09
Interest on equity	09/01/2023	06/28/2024	R$0.60
Interest on equity	06/30/2023	06/28/2024	R$0.57
Interest on equity	03/31/2023	06/28/2024	R$0.56
Dividend	04/28/2023	12/28/2023	R$0.28
Interest on equity	12/30/2022	12/28/2023	R$0.64
Dividend	12/29/2022	12/28/2023	R$0.64
Interest on equity	09/30/2022	12/28/2023	R$0.51
Interest on equity	06/30/2022	12/28/2023	R$0.51
Dividend	03/30/2022	12/28/2023	R$0.42
Interest on equity	03/30/2022	12/28/2023	R$0.42
Dividend	04/28/2023	06/28/2023	R$0.28
Dividend	12/29/2022	06/28/2023	R$0.64
Interest on equity	12/29/2022	06/28/2023	R$0.64
Interest on equity	09/30/2022	06/28/2023	R$0.51
Interest on equity	06/30/2022	06/28/2023	R$0.51
Interest on equity	03/30/2022	06/28/2023	R$0.42
Dividend	03/30/2022	06/28/2023	R$0.42
Dividend	04/29/2022	12/28/2022	R$0.25
Interest on equity	12/20/2021	12/28/2022	R$1.51
Dividend	04/29/2022	06/29/2022	R$0.25
Interest on equity	12/20/2021	06/29/2022	R$1.51
Dividend	12/20/2021	12/28/2021	R$1.51
Dividend	04/29/2021	12/28/2021	R$0.64
Interest on equity	12/30/2020	12/28/2021	R$0.95
Dividend	04/29/2021	06/29/2021	R$0.64
Interest on equity	12/30/2020	06/29/2021	R$0.95
Dividend	04/28/2020	12/28/2020	R$0.48
Interest on equity	12/30/2019	12/28/2020	R$0.63
Interest on equity	12/30/2019	06/29/2020	R$0.63
Dividend	04/30/2019	06/28/2019	R$0.48
Dividend	04/30/2018	12/28/2018	R$0.23
Dividend	04/30/2018	06/29/2018	R$0.23
Dividend	04/29/2016	12/29/2016	R$0.46
Dividend	04/29/2016	06/30/2016	R$0.46
Dividend	04/30/2015	12/29/2015	R$1.79
Dividend	04/30/2015	06/30/2015	R$3.58
Dividend	04/30/2014	06/30/2014	R$0.18
Interest on equity	12/30/2013	06/30/2014	R$1.20
Dividend	04/30/2012	06/28/2012	R$0.24
Interest on equity	12/30/2010	06/28/2011	R$1.91
Dividend	04/30/2010	06/29/2010	R$0.89
Dividend	04/27/2009	06/26/2009	R$1.80
Dividend	04/28/2008	06/27/2008	R$0.70
Interest on equity	12/17/2007	12/28/2007	R$1.72
Dividend	04/30/2007	06/27/2007	R$0.02
Interest on equity	08/31/2006	09/29/2006	R$0.06
Dividend	04/27/2006	06/26/2006	R$0.01
Dividend	04/29/2005	06/28/2005	R$0.00
Interest on equity	12/30/2004	06/28/2005	R$0.06
Interest on equity	12/29/2003	05/28/2004	R$0.03
Dividend	04/27/2001	06/27/2001	R$0.00
Dividend	04/28/2000	06/28/2000	R$0.00
Interest on equity	12/29/2011	—	R$1.41
Interest on equity	12/29/2011	—	R$0.61
Interest on equity	12/29/2005	—	R$0.05
Interest on equity	04/30/1998	—	R$0.01
Dividend	04/30/1998	—	R$0.00
Interest on equity	04/30/1997	—	R$0.02
Dividend	04/30/1997	—	R$0.00

Splits, reverse splits and bonus shares
Event	Last day to own	Ratio
Reverse split	09/29/2006	1 for 20
Bonus shares	03/22/1993	50.00% in shares

About Centrais Elet De Santa Catarina

Sector: Energia
Segment: Energia Elétrica
Listing segment: Level 2
Tag along: 100.00%
Free float: 75.73%
Shares issued: 15.53M common · 23.04M preferred
Average daily trading: R$31.1K
Listed since: 12/12/1988
CNPJ: 83.878.892/0001-55

A Centrais Elétricas de Santa Catarina S.A. (Celesc), listada na B3 sob o ticker CLSC3, é uma sociedade de economia mista que atua principalmente na distribuição de energia elétrica em Santa Catarina, além de manter atividades em geração e participações relacionadas. A companhia atende quase todo o território catarinense e opera infraestrutura crítica de subestações, linhas e redes de distribuição. A performance operacional é influenciada por indicadores regulatórios de continuidade do fornecimento, perdas técnicas e comerciais, investimentos em expansão e condições hidrológicas no sistema elétrico nacional. Como empresa controlada pelo estado e listada em bolsa, a Celesc combina diretrizes públicas com disciplina de mercado de capitais, divulgando resultados financeiros, indicadores técnicos e eventos societários em bases trimestrais e anuais.

Investor website

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
EDP Energias do Brasil S.A.	33.11%	27.73%	29.90%
ESTADO DE SANTA CATARINAControlling	50.18%	0.00%	20.20%
AXIA ENERGIA	0.03%	17.98%	10.75%
ALASKA POLAND FIA	0.00%	15.34%	9.16%
GERAÇÃO L. PAR FUNDO DE INVESTIMENTO	2.90%	12.15%	8.43%
FUNDAÇÃO CELESC DE SEGURIDADE SOCIAL - CELOS	8.63%	1.00%	4.07%
Outros	5.16%	25.80%	17.49%

Questions about CLSC3

How much is CLSC3 today?

CLSC3 is at R$149.99 (7.82% on the day), last traded on 10/01/2026.

How much did CLSC3 pay in dividends in 2025?

CLSC3 paid R$8.09 per share in 2025, a dividend yield of 6.98%.

When is the next CLSC3 dividend?

The next announced payment is R$0.63 per share on 12/30/2026.

What are the P/E and P/B of CLSC3?

CLSC3 trades at a P/E of 6.61 and a P/B of 1.37.

How much did CLSC3 return in 12 months?

CLSC3 returned 53.82% in 12 months, with annualized volatility of 22.71% and a largest drawdown of -5.09%.

What sector is CLSC3 in?

Centrais Elet De Santa Catarina is in the Energia sector, Energia Elétrica segment.