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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$52.4B
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

10/01/202509/30/2026
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 (annualized)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 09/01/2021 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$51.3B
  • 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 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.

CPFE3's indicators by year

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

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's financial statements

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

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$52.4B
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
EQTL3EQUATORIAL S.A.52.261.923.98%3.67%R$50.1B

Does CPFE3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend04/29/202612/31/2026R$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
Dividend04/29/202512/15/2025R$2.79
Dividend04/29/202508/25/2025R$0.32
Dividend04/29/202507/25/2025R$0.43
Dividend04/29/202506/25/2025R$0.78
Dividend04/26/202412/26/2024R$0.62
Dividend04/26/202409/27/2024R$0.30
Dividend04/26/202408/30/2024R$0.17
Dividend04/26/202407/26/2024R$0.09
Dividend04/26/202406/28/2024R$0.37
Dividend04/26/202405/13/2024R$1.20
Dividend04/28/202312/31/2023R$0.43
Dividend04/28/202312/31/2023R$1.23
See all 55 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/17/202312/20/2023R$0.16
Dividend08/17/202312/15/2023R$0.30
Dividend08/17/202311/30/2023R$0.15
Dividend08/17/202311/17/2023R$0.17
Dividend04/28/202310/25/2023R$0.26
Dividend04/28/202306/23/2023R$0.54
Dividend04/28/202305/16/2023R$0.87
Dividend04/29/202206/30/2022R$0.33
Dividend04/29/202206/14/2022R$0.35
Dividend04/29/202205/11/2022R$0.95
Dividend08/31/202112/31/2021R$0.63
Dividend12/09/202112/21/2021R$0.70
Dividend08/31/202111/16/2021R$0.43
Dividend08/31/202110/22/2021R$0.43
Dividend04/30/202106/29/2021R$1.50
Dividend07/27/202011/30/2020R$1.80
Dividend04/30/201912/27/2019R$0.48
Dividend04/27/201806/26/2018R$0.28
Dividend01/12/201701/20/2017R$0.22
Dividend04/29/201607/01/2016R$0.21
Dividend04/29/201405/07/2014R$0.59
Dividend08/22/201310/01/2013R$0.38
Dividend04/19/201304/30/2013R$0.47
Dividend08/15/201209/28/2012R$0.47
Dividend04/12/201204/27/2012R$0.79
Dividend08/17/201109/30/2011R$0.78
Dividend04/04/201104/29/2011R$1.01
Dividend08/18/201009/30/2010R$1.61
Dividend03/08/201004/30/2010R$1.36
Dividend08/17/200909/30/2009R$1.19
Dividend03/02/200904/30/2009R$1.26
Dividend08/19/200809/30/2008R$1.25
Dividend03/06/200804/30/2008R$1.50
Dividend08/14/200709/28/2007R$1.76
Dividend09/04/2014—R$0.44
Dividend08/15/2012—R$0.67
Dividend03/27/2007—R$1.50
Dividend08/16/2006—R$1.28
Dividend04/04/2006—R$0.81
Interest on equity01/04/2006—R$0.23
Dividend08/22/2005—R$0.71
Interest on equity06/30/2005—R$0.17
Dividend04/29/2005—R$0.31
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Bonus shares04/29/20162.50% in shares
Split04/30/201532 for 31
Split06/29/20112 for 1
Reverse split06/28/20111 for 10
Split06/28/201120 for 1

About Cpfl Energia

Sector
Energia
Segment
Energia Elétrica
Listing segment
Novo Mercado
Tag along
100.00%
Free float
16.29%
Shares issued
1.15B common
Average daily trading
R$69.3M
Ibovespa weight
0.32%
Listed since
06/02/2003
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 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
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 09/30/2026.

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 12/31/2026.

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 annualized 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.