B3 · BRL
EQTL3
Equatorial S.A.
- Day's range
- R$40.12 – R$41.05
- Day's volume
- R$537M
- 52-week range
- R$33.61 – R$46.32
Follow EQTL3 in the Fuolio
See how EQTL3 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountEQTL3 in numbers
- Market cap
- R$51.2B
- P/E
- 53.42
- P/B
- 1.96
- Dividend yield (12m)
- 3.89%
- Net debt/EBITDA
- 8.70
The 12-month dividend yield of EQTL3 is 3.89%, above its 5-year average of 2.80%.
EQTL3 price history
EQTL3 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +15.65% | +39.29% | +100.05% |
| Volatility (annualized) | 20.86% | 21.07% | 21.65% |
| Largest drawdown | -13.35% | -22.11% | -22.11% |
| Positive months | 7/12 | 19/36 | 33/60 |
How much did investing in EQTL3 return?
R$1,000.00 invested on 09/01/2021 would be worth R$1,760.28 today.
- Value today in EQTL3
- R$1,760.28
- Return over the period
- +76.03%
- Return per year
- +11.98%
- 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.
EQTL3 fundamentals
Valuation
- P/E53.42
- P/B1.96
- EV/EBITDA13.54
- EV/EBIT18.82
- EV/Revenue2.65
- P/EBIT6.73
- P/S0.95
- P/OCF17.32
- P/FCF-11.52
- Earnings yield5.31%
- PEG ratio—
- Earnings per shareR$0.76
- Book value per shareR$20.74
Debt
- Net debtR$92.1B
- Net debt/EBITDA8.70
- Net debt/Equity3.21
- Debt/Equity3.53
- Current ratio1.57
- Quick ratio1.55
- Cash ratio0.55
Efficiency
- Gross margin25.57%
- EBITDA margin19.57%
- Operating margin14.08%
- Net margin3.27%
- Asset turnover0.45
Profitability
- ROE3.67%
- ROA1.49%
- ROIC5.00%
- Payout208.06%
Growth
- Revenue CAGR (5 years)23.39%
- Earnings CAGR (5 years)-20.36%
- Revenue growth (year)14.78%
- Earnings growth (year)-40.31%
- Revenue growth (quarter)9.24%
- Earnings growth (quarter)-73.77%
What is EQTL3's fair price?
Two classic value formulas, with today's numbers. The current price is R$40.65.
- Graham's fair price
- R$18.85
- 53.64% below the price
√(22.50 × R$0.76 × R$20.74)
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$14.66
- 63.93% below the price
R$0.88 (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.
EQTL3'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 | 28.89 | 12.22 | 19.74 | 22.18 | 6.90 | 7.85 | 9.52 | 16.37 |
| P/B | 1.71 | 1.15 | 1.62 | 1.64 | 1.75 | 1.90 | 2.35 | 2.29 |
| EV/EBITDA | 11.57 | 9.80 | 10.49 | 12.09 | 8.86 | 7.01 | 8.04 | 10.54 |
| Dividend yield | 5.82% | 1.64% | 0.98% | 2.37% | 3.19% | 1.38% | 4.17% | 8.13% |
| Earnings per share | R$1.33 | R$2.24 | R$1.81 | R$1.22 | R$3.27 | R$2.95 | R$2.39 | R$4.55 |
| Book value per share | R$22.50 | R$23.84 | R$22.04 | R$16.45 | R$12.94 | R$12.15 | R$9.67 | R$32.48 |
| ROE | 5.92% | 9.41% | 8.21% | 7.40% | 25.30% | 24.23% | 24.72% | 14.01% |
| ROIC | 6.37% | 8.22% | 8.61% | 5.66% | 12.40% | 13.78% | 12.02% | 10.33% |
| Gross margin | 26.13% | 28.78% | 29.63% | 31.57% | 28.45% | 33.46% | 30.48% | 25.91% |
| EBITDA margin | 20.92% | 23.85% | 23.23% | 23.91% | 23.81% | 30.72% | 26.27% | 22.34% |
| Net margin | 3.22% | 6.20% | 5.06% | 5.06% | 15.24% | 16.63% | 12.85% | 8.16% |
| Net debt/EBITDA | 7.11 | 6.63 | 6.18 | 7.40 | 4.44 | 2.76 | 3.38 | 4.56 |
EQTL3's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$52.1B | R$45.4B | R$41B | R$27.1B | R$24.2B | R$17.9B |
| Cost of revenue | -R$38.5B | -R$32.3B | -R$28.8B | -R$18.6B | -R$17.3B | -R$11.9B |
| Gross profit | R$13.6B | R$13.1B | R$12.1B | R$8.6B | R$6.9B | R$6B |
| EBITDA | R$10.9B | R$10.8B | R$9.5B | R$6.5B | R$5.8B | R$5.5B |
| EBIT | R$8.1B | R$8.6B | R$7.6B | R$5.3B | R$5B | R$4.8B |
| Financial result | -R$5.7B | -R$4.7B | -R$4.6B | -R$2.6B | -R$818.1M | -R$424.1M |
| Income before tax | R$2.5B | R$3.9B | R$3B | R$2.7B | R$4.2B | R$4.4B |
| Income tax | -R$421.8M | -R$127.9M | -R$158.5M | -R$770.7M | R$133.1M | -R$910.6M |
| Net income | R$1.7B | R$2.8B | R$2.1B | R$1.4B | R$3.7B | R$3B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
EQTL3 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 |
|---|---|---|---|---|---|
| EQTL3Equatorial | 53.42 | 1.96 | 3.89% | 3.67% | R$51.2B |
| 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 |
Does EQTL3 pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 12/29/2025 | 12/30/2026 | R$0.13 |
Dividend yield per year
- 6.77%2017
- 8.13%2018
- 4.17%2019
- 1.38%2020
- 3.19%2021
- 2.37%2022
- 0.98%2023
- 1.64%2024
- 5.82%2025
- 0.00%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 11/05/2025 | 11/17/2025 | R$0.65 |
| Interest on equity | 11/05/2025 | 11/17/2025 | R$0.80 |
| Dividend | 04/30/2025 | 05/28/2025 | R$0.53 |
| Interest on equity | 04/30/2025 | 05/28/2025 | R$0.17 |
| Interest on equity | 01/13/2025 | 02/20/2025 | R$0.09 |
| Dividend | 04/30/2024 | 06/10/2024 | R$0.45 |
| Dividend | 04/28/2023 | 06/09/2023 | R$0.35 |
| Dividend | 04/29/2022 | 12/29/2022 | R$0.64 |
| Dividend | 04/30/2021 | 12/29/2021 | R$0.72 |
| Dividend | 07/17/2020 | 12/23/2020 | R$0.32 |
| Dividend | 04/30/2019 | 12/18/2019 | R$0.95 |
| Dividend | 04/27/2018 | 12/19/2018 | R$1.10 |
See all 35 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 01/03/2018 | 12/19/2018 | R$0.11 |
| Dividend | 04/27/2017 | 12/21/2017 | R$0.61 |
| Interest on equity | 12/26/2016 | 12/21/2017 | R$0.28 |
| Dividend | 04/15/2016 | 12/15/2016 | R$0.65 |
| Interest on equity | 12/23/2015 | 12/15/2016 | R$0.35 |
| Interest on equity | 12/19/2014 | 12/14/2015 | R$0.30 |
| Dividend | 04/25/2014 | 12/12/2014 | R$0.09 |
| Dividend | 04/30/2013 | 12/13/2013 | R$0.09 |
| Dividend | 03/19/2012 | 12/18/2012 | R$0.15 |
| Dividend | 04/29/2011 | 05/20/2011 | R$1.52 |
| Dividend | 04/29/2011 | 05/20/2011 | R$0.28 |
| Dividend | 04/29/2010 | 05/17/2010 | R$0.40 |
| Interest on equity | 12/28/2009 | 05/17/2010 | R$0.07 |
| Dividend | 04/18/2008 | 05/07/2008 | R$1.29 |
| Interest on equity | 12/28/2007 | 05/07/2008 | R$0.07 |
| Dividend | 04/05/2007 | 05/07/2007 | R$0.55 |
| Dividend | 12/30/2016 | — | R$1.00 |
| Dividend | 04/17/2015 | — | R$0.48 |
| Other | 05/22/2009 | — | R$0.78 |
| Dividend | 03/20/2009 | — | R$0.11 |
| Dividend | 03/20/2009 | — | R$0.86 |
| Dividend | 03/20/2009 | — | R$0.82 |
| Interest on equity | 12/22/2008 | — | R$0.11 |
| Event | Last day to own | Ratio |
|---|---|---|
| Split | 11/27/2019 | 5 for 1 |
| Reverse split | 04/04/2008 | 1 for 3 |
About Equatorial
- Sector
- Energia
- Segment
- Energia Elétrica
- Listing segment
- Novo Mercado
- Tag along
- 100.00%
- Free float
- 98.93%
- Shares issued
- 1.26B common
- Average daily trading
- R$333.2M
- Ibovespa weight
- 1.92%
- Listed since
- 04/03/2006
- CNPJ
- 03.220.438/0001-73
A Equatorial Energia S.A., listada na B3 sob o ticker EQTL3, foi constituída em 16 de junho de 1999 e atua no setor elétrico brasileiro. A companhia opera como holding com foco em infraestrutura de utilidades, com base histórica em distribuição de energia. Os negócios abrangem distribuição, transmissão e geração de energia elétrica, além de atuação em telecomunicações e saneamento em ativos específicos. A empresa combina concessões reguladas e operações de infraestrutura com perfil de longo prazo. No ambiente competitivo, a Equatorial disputa ativos e concessões com outros grupos de energia e infraestrutura no Brasil. O desempenho operacional depende de eficiência na gestão de distribuidoras, qualidade de serviço e execução de investimentos em segmentos regulados. A companhia atua em múltiplos estados brasileiros, com presença em concessões de distribuição de energia e expansão para outras frentes de utilidades. Em escala, atende milhões de unidades consumidoras em ampla cobertura territorial e mantém portfólio diversificado de ativos de infraestrutura.
Investor website| Shareholder | Common | Preferred | Total |
|---|---|---|---|
| OPPORTUNITY ASSET ADMINISTRADORA DE RECURSOS DE TERCEIROS LTDA. | 10.04% | 0.00% | 10.04% |
| BLACKROCK, INC. | 9.98% | 0.00% | 9.98% |
| Squadra Investimentos | 4.58% | 0.00% | 4.58% |
| Canada Pension Plan Investment Board | 4.57% | 0.00% | 4.57% |
| Outros | 70.59% | 0.00% | 70.59% |
| Ações Tesouraria | 0.24% | 0.00% | 0.24% |
Questions about EQTL3
How much is EQTL3 today?
EQTL3 is at R$40.65 (2.21% on the day), last traded on 09/30/2026.
How much did EQTL3 pay in dividends in 2025?
EQTL3 paid R$2.24 per share in 2025, a dividend yield of 5.82%.
When is the next EQTL3 dividend?
The next announced payment is R$0.13 per share on 12/30/2026.
What are the P/E and P/B of EQTL3?
EQTL3 trades at a P/E of 53.42 and a P/B of 1.96.
How much did EQTL3 return in 12 months?
EQTL3 returned 15.65% in 12 months, with annualized volatility of 20.86% and a largest drawdown of -13.35%.
What sector is EQTL3 in?
Equatorial is in the Energia sector, Energia Elétrica segment.