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B3 · BRL

TAEE3

Transmissora Alianca De Energia Eletrica S.A.

R$13.70+1.93% (R$0.26)
Day's range
R$13.43 – R$13.73
Day's volume
R$761.7K
52-week range
R$11.50 – R$15.20

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See how TAEE3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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TAEE3 in numbers

Market cap
R$14.3B
P/E
8.71
P/B
1.75
Dividend yield (12m)
7.31%
Net debt/EBITDA
7.12

The 12-month dividend yield of TAEE3 is 7.31%, below its 5-year average of 10.42%.

TAEE3 price history

10/01/202509/30/2026
Compare with

TAEE3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+16.80%+57.39%+77.41%
Volatility (annualized)18.42%15.56%16.93%
Largest drawdown-7.60%-7.60%-13.95%
Positive months8/1220/3633/60

How much did investing in TAEE3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$1,791.54 today.

Value today in TAEE3
R$1,791.54
Return over the period
+79.15%
Return per year
+12.37%
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.

TAEE3 fundamentals

Valuation

  • P/E
    8.71
  • P/B
    1.75
  • EV/EBITDA
    11.89
  • EV/EBIT
    12.23
  • EV/Revenue
    7.94
  • P/EBIT
    4.90
  • P/S
    3.18
  • P/OCF
    8.38
  • P/FCF
    8.03
  • Earnings yield
    8.18%
  • PEG ratio
    —
  • Earnings per share
    R$1.57
  • Book value per share
    R$7.81

Debt

  • Net debt
    R$21.3B
  • Net debt/EBITDA
    7.12
  • Net debt/Equity
    2.64
  • Debt/Equity
    2.71
  • Current ratio
    3.48
  • Quick ratio
    3.48
  • Cash ratio
    0.63

Efficiency

  • Gross margin
    60.76%
  • EBITDA margin
    66.77%
  • Operating margin
    64.89%
  • Net margin
    36.25%
  • Asset turnover
    0.20

Profitability

  • ROE
    20.14%
  • ROA
    7.16%
  • ROIC
    9.09%
  • Payout
    63.72%

Growth

  • Revenue CAGR (5 years)
    2.68%
  • Earnings CAGR (5 years)
    -9.75%
  • Revenue growth (year)
    24.37%
  • Earnings growth (year)
    -6.73%
  • Revenue growth (quarter)
    3.75%
  • Earnings growth (quarter)
    -9.26%

What is TAEE3's fair price?

Two classic value formulas, with today's numbers. The current price is R$13.70.

Graham's fair price
R$16.62
21.34% above the price

√(22.50 × R$1.57 × R$7.81)

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$21.12
54.14% above the price

R$1.27 (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.

TAEE3's indicators by year

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

Indicator20252024202320222021202020192018
P/E9.096.669.678.295.665.1210.608.17
P/B1.891.621.981.831.881.922.161.91
EV/EBITDA12.6910.2613.1410.877.266.8914.6410.38
Dividend yield7.10%8.75%9.96%13.91%12.38%9.56%6.13%10.97%
Earnings per shareR$1.53R$1.64R$1.32R$1.40R$2.14R$2.19R$0.97R$1.04
Book value per shareR$7.36R$6.71R$6.46R$6.36R$6.47R$5.83R$4.77R$4.42
ROE20.76%24.41%20.48%22.06%33.12%37.55%20.33%23.43%
ROIC8.84%10.29%9.16%9.72%15.04%16.05%8.15%11.71%
Gross margin55.07%66.49%63.10%80.95%81.31%70.57%68.02%77.84%
EBITDA margin60.54%77.68%69.99%94.26%99.59%90.14%79.01%87.83%
Net margin34.17%45.56%40.68%55.39%63.76%63.54%55.82%65.51%
Net debt/EBITDA7.566.367.526.003.643.287.154.29

TAEE3's financial statements

Line202520242023202220212020
Net revenueR$4.6BR$3.7BR$3.4BR$2.6BR$3.5BR$3.6B
Cost of revenue-R$2.1B-R$1.2B-R$1.2B-R$498.4M-R$649M-R$1B
Gross profitR$2.5BR$2.5BR$2.1BR$2.1BR$2.8BR$2.5B
EBITDAR$2.8BR$2.9BR$2.4BR$2.5BR$3.5BR$3.2B
EBITR$2.7BR$2.9BR$2.3BR$2.4BR$3.4BR$3.2B
Financial result-R$1B-R$1B-R$903.8M-R$737.6M-R$810.1M-R$475.5M
Income before taxR$1.7BR$1.9BR$1.4BR$1.7BR$2.6BR$2.7B
Income tax-R$119M-R$168.6M-R$63.4M-R$254.5M-R$411.4M-R$456.3M
Net incomeR$1.6BR$1.7BR$1.4BR$1.4BR$2.2BR$2.3B

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

TAEE3 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
TAEE3Transmissora Aliança De Energia Elétrica8.711.757.31%20.14%R$14.3B
TAEE4TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.8.861.787.19%20.14%R$14.3B
LOGG3LOG COMMERCIAL PROPERTIES5.900.6327.38%10.63%R$2.2B
PRNR3PRINER SERVIÇOS INDUSTRIAIS S.A.24.482.240.00%9.17%R$1.1B
MELK3MELNICK DESENVOLVIMENTO IMOBILIÁRIO S.A.5.270.5813.75%10.91%R$625M
AZEV4AZEVEDO E TRAVASSOS S.A.-0.200.320.00%-160.82%R$348.4M
AZEV3AZEVEDO E TRAVASSOS S.A.-1.151.850.00%-160.82%R$348.4M

Does TAEE3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend08/14/202611/26/2026R$0.08
Interest on equity08/14/202611/26/2026R$0.12

Dividend yield per year

  • 8.23%2017
  • 10.97%2018
  • 6.13%2019
  • 9.56%2020
  • 12.38%2021
  • 13.91%2022
  • 9.96%2023
  • 8.75%2024
  • 7.10%2025
  • 5.85%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity05/11/202608/26/2026R$0.19
Dividend04/29/202605/27/2026R$0.05
Dividend04/29/202605/27/2026R$0.25
Dividend11/14/202501/28/2026R$0.17
Interest on equity11/14/202501/28/2026R$0.14
Dividend08/18/202511/27/2025R$0.08
Interest on equity08/18/202511/27/2025R$0.21
Dividend04/29/202511/27/2025R$0.11
Interest on equity05/12/202508/27/2025R$0.18
Dividend04/29/202505/28/2025R$0.18
Interest on equity11/11/202401/29/2025R$0.13
Dividend11/11/202401/29/2025R$0.09
See all 99 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity08/15/202411/27/2024R$0.11
Dividend08/15/202411/27/2024R$0.10
Interest on equity05/13/202406/27/2024R$0.14
Dividend05/03/202405/16/2024R$0.38
Dividend01/03/202401/16/2024R$0.22
Dividend11/13/202312/15/2023R$0.00
Interest on equity11/13/202312/15/2023R$0.19
Dividend08/07/202308/29/2023R$0.21
Interest on equity08/07/202308/29/2023R$0.09
Dividend08/07/202308/29/2023R$0.09
Interest on equity08/07/202308/29/2023R$0.21
Dividend05/03/202308/29/2023R$0.03
Dividend01/10/202301/23/2023R$0.45
Dividend11/14/202212/05/2022R$0.04
Dividend11/14/202212/05/2022R$0.11
Interest on equity11/14/202212/05/2022R$0.20
Dividend08/15/202208/26/2022R$0.30
Interest on equity08/15/202208/26/2022R$0.19
Dividend05/09/202205/31/2022R$0.77
Interest on equity12/06/202112/29/2021R$0.20
Dividend12/06/202112/29/2021R$0.31
Dividend05/04/202105/31/2021R$0.54
Interest on equity05/18/202105/27/2021R$0.06
Dividend05/18/202105/27/2021R$0.39
Interest on equity12/15/202012/28/2020R$0.05
Interest on equity11/16/202011/25/2020R$0.06
Dividend11/16/202011/25/2020R$0.40
Interest on equity08/17/202008/26/2020R$0.06
Dividend08/17/202008/26/2020R$0.21
Dividend05/19/202005/28/2020R$0.17
Interest on equity05/19/202005/28/2020R$0.06
Dividend05/06/202005/15/2020R$0.06
Interest on equity12/16/201912/27/2019R$0.06
Interest on equity11/19/201911/29/2019R$0.06
Dividend11/19/201911/29/2019R$0.12
Dividend08/08/201908/19/2019R$0.17
Interest on equity08/08/201908/19/2019R$0.07
Interest on equity05/17/201905/28/2019R$0.08
Dividend05/17/201905/28/2019R$0.02
Dividend05/03/201905/14/2019R$0.06
Interest on equity12/17/201812/28/2018R$0.13
Dividend11/09/201811/22/2018R$0.24
Interest on equity08/09/201808/20/2018R$0.07
Dividend08/09/201808/20/2018R$0.09
Dividend05/14/201805/23/2018R$0.18
Interest on equity05/14/201805/23/2018R$0.06
Dividend05/02/201805/11/2018R$0.15
Interest on equity12/18/201712/28/2017R$0.09
Dividend11/16/201711/30/2017R$0.04
Interest on equity11/16/201711/30/2017R$0.05
Interest on equity08/16/201708/31/2017R$0.07
Dividend08/16/201708/31/2017R$0.00
Interest on equity05/22/201705/31/2017R$0.08
Dividend05/22/201705/31/2017R$0.10
Dividend05/04/201705/12/2017R$0.17
Dividend11/23/201612/05/2016R$0.04
Interest on equity11/23/201612/05/2016R$0.14
Interest on equity08/17/201608/29/2016R$0.02
Dividend08/17/201608/29/2016R$0.17
Dividend05/24/201606/03/2016R$0.09
Interest on equity05/24/201606/03/2016R$0.12
Dividend04/18/201604/19/2016R$0.31
Dividend12/18/201512/30/2015R$0.11
Interest on equity12/18/201512/29/2015R$0.08
Interest on equity09/17/201509/30/2015R$0.16
Dividend09/17/201509/29/2015R$0.14
Dividend04/22/201504/29/2015R$0.25
Interest on equity12/04/201412/16/2014R$0.19
Dividend09/26/201410/06/2014R$0.39
Dividend04/30/201405/28/2014R$0.40
Interest on equity12/12/201312/20/2013R$0.18
Dividend12/12/201312/20/2013R$0.20
Dividend04/30/201306/10/2013R$0.35
Dividend12/19/201212/27/2012R$0.15
Dividend04/27/201210/31/2012R$1.63
Dividend04/27/201210/31/2012R$0.21
Dividend04/27/2011—R$1.55
Dividend04/27/2011—R$1.27
Dividend11/08/2010—R$0.40
Dividend10/16/2009—R$1.15
Dividend03/10/2009—R$0.03
Dividend07/30/2008—R$0.32
Interest on equity03/10/2008—R$0.05
Dividend03/10/2008—R$0.21
Dividend08/08/2007—R$0.40
Interest on equity08/08/2007—R$0.07
Dividend03/21/2007—R$0.36
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Split12/04/20123 for 1

About Transmissora Aliança De Energia Elétrica

Sector
Energia
Segment
Energia Elétrica
Listing segment
Level 2
Tag along
100.00%
Free float
63.45%
Shares issued
590.71M common · 442.78M preferred
Average daily trading
R$1.4M
Listed since
10/27/2006
CNPJ
07.859.971/0001-30

Taesa (Transmissora Aliança de Energia Elétrica S.A.) é uma empresa brasileira atuante no segmento de transmissão de energia elétrica, operando linhas de transmissão de alta tensão que conectam geradores a distribuidoras de energia. Fundada em 2000, a Taesa é uma das principais transmissoras de energia do Brasil, operando milhares de quilômetros de linhas de transmissão em múltiplos estados. A companhia é responsável pela transmissão de energia elétrica gerada em usinas hidrelétricas, termelétricas e de outras fontes para os centros de consumo. A Taesa é um importante player na infraestrutura energética brasileira, operando com foco em confiabilidade, eficiência e sustentabilidade. Com receita anual superior a R$ 2 bilhões, a companhia é uma das maiores transmissoras de energia do Brasil, movimentando bilhões de megawatts-hora anualmente. A empresa está comprometida com a modernização da infraestrutura de transmissão e a transição para uma matriz energética mais sustentável.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
Companhia Energética de Minas GeraisControlling36.97%1.28%21.68%
ISA Investimentos e Participações do Brasil S.A.Controlling26.03%0.00%14.88%
Blackrock, Inc0.00%5.00%2.14%
Outros37.00%93.72%61.30%

Questions about TAEE3

How much is TAEE3 today?

TAEE3 is at R$13.70 (1.93% on the day), last traded on 09/30/2026.

How much did TAEE3 pay in dividends in 2025?

TAEE3 paid R$0.99 per share in 2025, a dividend yield of 7.10%.

When is the next TAEE3 dividend?

The next announced payment is R$0.08 per share on 11/26/2026.

What are the P/E and P/B of TAEE3?

TAEE3 trades at a P/E of 8.71 and a P/B of 1.75.

How much did TAEE3 return in 12 months?

TAEE3 returned 16.80% in 12 months, with annualized volatility of 18.42% and a largest drawdown of -7.60%.

What sector is TAEE3 in?

Transmissora Aliança De Energia Elétrica is in the Energia sector, Energia Elétrica segment.