B3 · BRL

ENMT4

Energisa Mato Grosso - Distribuidora de Energia Sa Pfd Shs

R$38.20-1.77% (-R$0.69)Updated 9/30/26, 6:31 PM

Day's range: R$37.51 – R$39.68
Day's volume: R$99.3K
52-week range: R$31.31 – R$56.85

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ENMT4 in numbers

Market cap: R$8.5B

P/E: 14.53

P/B: 2.10

Dividend yield (12m): 4.24%

Net debt/EBITDA: 7.81

The 12-month dividend yield of ENMT4 is 4.24%, below its 5-year average of 6.18%.

ENMT4 price history

10/01/202509/30/2026

Compare with

ENMT4 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-29.70%	-31.53%	-39.16%
Volatility (annualized)	26.79%	24.67%	21.82%
Largest drawdown	-39.57%	-57.10%	-57.10%
Positive months	5/12	16/36	29/60

How much did investing in ENMT4 return?

Amount invested

R$1,000.00 invested on 09/01/2021 would be worth R$599.05 today.

Value today in ENMT4: R$599.05

Return over the period: -40.09%

Return per year: -9.74%

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.

ENMT4 fundamentals

Valuation

P/E
14.53
P/B
2.10
EV/EBITDA
11.97
EV/EBIT
15.03
EV/Revenue
2.56
P/EBIT
5.22
P/S
0.89
P/OCF
9.70
P/FCF
-78.65
Earnings yield
6.65%
PEG ratio
—
Earnings per share
R$2.63
Book value per share
R$18.18

Debt

Net debt
R$16B
Net debt/EBITDA
7.81
Net debt/Equity
4.01
Debt/Equity
4.18
Current ratio
2.04
Quick ratio
2.02
Cash ratio
0.35

Efficiency

Gross margin
23.94%
EBITDA margin
21.42%
Operating margin
17.06%
Net margin
6.04%
Asset turnover
0.57

Profitability

ROE
14.47%
ROA
3.41%
ROIC
7.36%
Payout
61.65%

Growth

Revenue CAGR (5 years)
9.75%
Earnings CAGR (5 years)
-13.50%
Revenue growth (year)
9.35%
Earnings growth (year)
-19.93%
Revenue growth (quarter)
10.99%
Earnings growth (quarter)
-43.70%

What is ENMT4's fair price?

Two classic value formulas, with today's numbers. The current price is R$38.20.

Graham's fair price: R$32.80; 14.15% below the price

√(22.50 × R$2.63 × R$18.18)

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$72.11; 88.76% above the price

R$4.33 (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.

ENMT4'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	13.82	17.08	10.80	15.08	15.56	10.66	12.03	9.83
P/B	3.06	4.36	3.96	5.79	6.13	2.60	3.22	2.40
EV/EBITDA	12.32	13.39	8.71	11.41	12.38	9.81	11.41	9.17
Dividend yield	10.00%	3.24%	7.24%	4.32%	6.11%	1.72%	3.47%	11.33%
Earnings per share	R$3.98	R$4.97	R$6.30	R$5.44	R$5.18	R$3.10	R$2.71	R$2.01
Book value per share	R$17.96	R$19.46	R$17.18	R$14.16	R$13.14	R$12.70	R$10.13	R$8.20
ROE	22.16%	25.54%	36.67%	38.42%	39.39%	24.38%	26.78%	24.45%
ROIC	8.59%	11.72%	17.62%	17.07%	15.47%	10.86%	10.25%	9.52%
Gross margin	25.79%	27.86%	34.14%	31.44%	27.78%	22.44%	22.14%	21.96%
EBITDA margin	23.37%	25.01%	32.23%	29.73%	26.14%	23.03%	21.41%	21.05%
Net margin	9.70%	13.25%	18.23%	16.70%	15.48%	13.30%	12.04%	9.76%
Net debt/EBITDA	6.59	4.34	2.60	2.95	3.16	3.65	4.64	4.61

ENMT4's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$9B	R$8.2B	R$7.6B	R$7.1B	R$7.3B	R$5.1B
Cost of revenue	-R$6.7B	-R$5.9B	-R$5B	-R$4.9B	-R$5.3B	-R$4B
Gross profit	R$2.3B	R$2.3B	R$2.6B	R$2.2B	R$2B	R$1.1B
EBITDA	R$2.1B	R$2.1B	R$2.4B	R$2.1B	R$1.9B	R$1.2B
EBIT	R$1.7B	R$1.7B	R$2.2B	R$1.9B	R$1.7B	R$931.4M
Financial result	-R$736.1M	-R$509.7M	-R$488.3M	-R$477.5M	-R$303.2M	-R$108.9M
Income before tax	R$978.9M	R$1.2B	R$1.7B	R$1.4B	R$1.4B	R$822.5M
Income tax	-R$107.6M	-R$128.9M	-R$292.8M	-R$210.3M	-R$245.6M	-R$144.5M
Net income	R$871.3M	R$1.1B	R$1.4B	R$1.2B	R$1.1B	R$678M

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

ENMT4 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
ENMT4Mato Grosso-Distribuidora De Energia S/a	14.53	2.10	4.24%	14.47%	R$8.5B
AXIA3AXIA3	13.39	1.32	3.41%	9.86%	R$159B
AXIA7AXIA7	—	—	0.00%	—	R$159B
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 ENMT4 pay dividends?

Dividend yield per year

1.75%2017
11.33%2018
3.47%2019
1.72%2020
6.11%2021
4.32%2022
7.24%2023
3.24%2024
10.00%2025
2.00%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	03/17/2026	04/10/2026	R$0.76
Dividend	11/11/2025	11/26/2025	R$0.86
Dividend	08/12/2025	09/23/2025	R$1.87
Dividend	05/05/2025	05/13/2025	R$0.37
Dividend	02/25/2025	03/25/2025	R$2.40
Dividend	07/04/2024	07/23/2024	R$1.30
Dividend	03/15/2024	04/12/2024	R$1.44
Dividend	11/16/2023	12/04/2023	R$1.37
Dividend	11/14/2023	12/04/2023	R$1.11
Dividend	08/15/2023	08/25/2023	R$0.77
Dividend	03/20/2023	03/29/2023	R$1.67
Dividend	11/14/2022	11/24/2022	R$1.43

See all 42 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/15/2022	08/25/2022	R$1.20
Dividend	03/22/2022	06/23/2022	R$0.91
Dividend	11/16/2021	12/09/2021	R$0.87
Dividend	08/17/2021	08/27/2021	R$0.77
Dividend	08/17/2021	08/27/2021	R$1.44
Dividend	03/16/2021	03/26/2021	R$1.65
Dividend	03/16/2021	03/26/2021	R$0.20
Dividend	11/17/2020	11/26/2020	R$0.57
Dividend	11/12/2019	12/10/2019	R$0.03
Dividend	06/18/2019	06/28/2019	R$0.68
Dividend	05/07/2019	06/27/2019	R$0.42
Dividend	11/13/2018	11/27/2018	R$0.50
Dividend	08/14/2018	08/31/2018	R$0.59
Dividend	06/18/2018	06/28/2018	R$1.05
Dividend	05/03/2018	05/10/2018	R$0.10
Dividend	05/04/2017	06/28/2017	R$0.15
Dividend	04/26/2016	06/23/2016	R$0.00
Dividend	07/30/2015	08/06/2015	R$0.09
Dividend	04/29/2015	05/11/2015	R$0.01
Dividend	03/20/2015	03/27/2015	R$0.09
Interest on equity	12/21/2011	08/22/2014	R$0.20
Interest on equity	12/22/2010	—	R$0.05
Dividend	04/29/2010	—	R$0.13
Interest on equity	02/08/2010	—	R$0.25
Dividend	04/30/2009	—	R$0.05
Dividend	04/07/2008	—	R$0.02
Interest on equity	02/19/2008	—	R$0.19
Interest on equity	04/26/2007	—	R$0.01
Interest on equity	04/20/2006	—	R$0.00
Interest on equity	02/24/2005	—	R$0.00

About Mato Grosso-Distribuidora De Energia S/a

Listing segment: Traditional
Tag along: Set by the bylaws
Free float: 2.31%
Shares issued: 75.53M common · 143.41M preferred
Average daily trading: R$21.4K
Listed since: 06/14/1995
CNPJ: 03.467.321/0001-99

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
Rede Energia Participações S/AControlling	94.20%	99.26%	97.51%
Outros	5.80%	0.74%	2.49%

Questions about ENMT4

How much is ENMT4 today?

ENMT4 is at R$38.20 (-1.77% on the day), last traded on 09/30/2026.

How much did ENMT4 pay in dividends in 2025?

ENMT4 paid R$5.50 per share in 2025, a dividend yield of 10.00%.

What are the P/E and P/B of ENMT4?

ENMT4 trades at a P/E of 14.53 and a P/B of 2.10.

How much did ENMT4 return in 12 months?

ENMT4 returned -29.70% in 12 months, with annualized volatility of 26.79% and a largest drawdown of -39.57%.