Eletrobrás Q4: Good Result Despite Modest Operational Performance
Source: SeekingAlpha
2025-03-23 21:34:12 ET
Summary
- Eletrobrás revenue grew 21.2% YoY, but net income fell 54% YoY due to higher costs and operational deterioration.
- EBR's agreement reduces governance risks, limiting state influence and avoiding mandatory investments in Angra 3.
- Leverage improved to 1.5x net debt/EBITDA, supporting additional dividend distribution. The company trades at 5.81x EV/EBITDA vs. a 5-year average of 7.29x, suggesting 25% upside potential.
Investment Thesis
I recommend buying Eletrobrás ( EBR ) (EBR.B) shares after the release of 4Q24 results on March 13. This article is a continuation of my introductory coverage article published on March 25, 2024....
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Eletrobrás Q4: Good Result Despite Modest Operational Performance
Centrais Electricas Brasileiras S A American Depositary Shares
NASDAQ: EBR
EBR Trading
11.82% G/L:
$10.835 Last:
1,033,118 Volume:
$10.73 Open:
