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Updated on 13/07/2026

CLSC4 CELESC

Sector: UtilitiesSubsector: Integrated Electric Utilities
QuoteR$ 137,64
Dividend Yield8,85 %
P/E7,30
P/B1,28
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Visno Score

AI-powered fundamental analysis
Powered by AI
Final score
6.4/ 10

Rentabilidade

  • ROE médio dos últimos 5 anos: 19,4%
  • ROIC médio dos últimos 5 anos: 15,4%

Liquidez

  • Liquidez corrente: 1,08x
  • Liquidez seca: 1,08x

Alavancagem

  • Dívida Líquida / EBITDA: 2,68x
  • Dívida Líquida/Patrimônio líquido: 1,15x

Consistência

  • Número de anos consecutivos sem prejuízo: 9 anos
  • Número de anos com lucro nos últimos 10 anos: 9 anos

Crescimento

  • CAGR receita líquida 5 anos: 6,0%

Negociabilidade

  • Porcentagem de ações em circulação: 75,7%
  • Volume diário de negociações: R$ 458K/dia

Fundamental Analysis of CLSC4 (CELESC)

IA

CELESC is an energy-sector holding company that operates in the Public Utilities sector, in the Electric Power subsector and segment, focusing on generation, transmission and distribution in the state of Santa Catarina. Created in 1955 as a state-owned company, it consolidated regional assets and, over the decades, came to control subsidiaries at different stages of the power value chain. Since 1973 it has been a publicly traded company, with shares listed on B3 under the tickers CLSC3 and CLSC4, operating in a regulated and essential sector.

Recent financial fundamentals indicate relatively high profitability for a regulated utility, with ROE around 17.6% and ROIC close to 15.1%, supported by moderate gross, EBIT and net margins. Five-year revenue and profit growth, at about 6.0% and 4.9% per year, suggests more gradual expansion, consistent with the nature of the sector. Leverage, with Net Debt/EBITDA at 2.68 times, indicates significant use of debt, but at a level commonly seen in capital-intensive companies and should be interpreted together with operating cash generation.

The company obtained a 6.4 score on the Visno Score, which suggests a combination of solid financial fundamentals in terms of profitability and historical consistency, but with some points of attention. The lower growth score and intermediate tradability of the shares indicate that these aspects may weigh differently in the assessment of various investor profiles.

AI-generated analysis based on the Visno Score methodology. Data extracted from public financial statements (CVM/B3). Informational content — not investment advice.

CLSC4 Price History

Daily
one_year

CLSC4 Revenue vs. Profit

Anual

Valuation Indicators de CLSC4

Valuation Indicators for CLSC4 — annual indicator history
IndicatorCurrent202520242023202220212020201920182017201620152014201320122011
Price R$ 137,64R$ 118,98R$ 69,14R$ 50,95R$ 38,07R$ 43,41R$ 32,50R$ 28,48R$ 26,98R$ 14,41R$ 8,45R$ 4,93R$ 6,19R$ 7,04R$ 10,33—
Price/Earnings (P/E) 7,306,904,604,414,113,706,219,8810,2712,908,470,757,3057,870,000,00
Price/Book Value (P/B) 1,281,230,920,790,741,071,290,980,960,490,280,160,270,370,510,00
Dividend Yield 8,85 %8,17 %10,70 %16,10 %13,50 %15,70 %12,33 %8,60 %1,89 %0,00 %11,86 %79,76 %24,65 %18,82 %2,56 %0,00 %
Price/Assets 0,370,360,230,220,180,220,210,180,200,110,070,050,100,130,200,00
Price/EBIT 3,833,543,042,682,752,894,134,415,022,685,920,598,680,000,000,00
Price/Net Revenue 0,430,420,300,240,210,230,270,260,240,150,100,050,110,150,240,00
Price/OCF 13,8118,961090,245,201,967,223,0216,590,001,480,661,230,001,385,370,00
Price/FCF 14,6921,644,690,0015,400,0010,830,000,003,501,090,000,001,340,000,00
EV/EBIT 7,156,455,954,524,093,955,546,296,321,695,421,5818,690,000,000,00
EV/EBITDA 5,575,064,483,413,023,143,824,204,051,091,511,154,3716,6276,770,00
EV/Net Revenue 0,800,760,580,410,310,320,360,370,300,100,090,140,230,190,280,00
EV/Assets 0,690,650,450,370,270,300,280,260,250,070,060,140,210,160,230,39
EV/OCF 25,8034,502136,298,752,929,884,0523,660,000,930,603,340,001,806,280,00
EV/FCF 27,4539,389,190,0022,940,0014,530,000,002,221,000,000,001,740,000,00
Book Value per Share (BVPS) R$ 107,37R$ 102,44R$ 87,71R$ 82,64R$ 76,05R$ 63,77R$ 43,87R$ 52,51R$ 52,12R$ 55,41R$ 56,76R$ 60,88R$ 56,01R$ 49,97R$ 52,84R$ 56,35
Earnings per Share (EPS) R$ 18,86R$ 18,18R$ 17,49R$ 14,82R$ 13,62R$ 18,37R$ 9,08R$ 5,21R$ 4,85R$ 2,10R$ 1,88R$ 13,29R$ 2,04R$ 0,32R$ -1,12R$ 0,00
Market Cap R$ 5,15 BR$ 4,69 BR$ 3,09 BR$ 2,46 BR$ 2,09 BR$ 2,51 BR$ 2,23 BR$ 1,93 BR$ 1,86 BR$ 1,09 BR$ 700,01 MR$ 696,03 MR$ 964,45 MR$ 1,05 BR$ 1,20 BR$ 2,11 B
Enterprise Value (EV) R$ 9,92 BR$ 8,81 BR$ 6,08 BR$ 4,25 BR$ 3,22 BR$ 3,59 BR$ 2,92 BR$ 2,83 BR$ 2,42 BR$ 661,51 MR$ 561,52 MR$ 1,04 BR$ 1,24 BR$ 926,23 MR$ 1,22 BR$ 2,02 B
Daily Volume R$ 436,81 KR$ 607,46 KR$ 229,68 KR$ 564,38 KR$ 233,00 KR$ 517,65 KR$ 385,40 KR$ 758,74 KR$ 1,63 MR$ 357,89 KR$ 127,61 KR$ 211,60 KR$ 211,18 KR$ 302,94 KR$ 939,94 KR$ 0,00

Profitability Indicators de CLSC4

Profitability Indicators for CLSC4 — annual indicator history
IndicatorCurrent202520242023202220212020201920182017201620152014201320122011
Gross Margin 15,84 %16,74 %16,94 %15,93 %14,27 %11,35 %13,59 %12,39 %10,83 %12,40 %8,59 %7,10 %16,35 %16,83 %9,77 %22,14 %
Net Margin 5,86 %6,13 %6,72 %5,35 %5,36 %4,97 %5,86 %3,54 %2,15 %0,94 %—1,90 %8,21 %4,08 %—7,73 %
EBIT Margin 11,16 %11,88 %11,44 %7,93 %7,96 %7,03 %7,69 %6,20 %5,16 %4,30 %1,53 %1,39 %12,60 %2,98 %—10,47 %
ROIC 15,07 %15,76 %15,49 %13,52 %15,05 %17,17 %17,27 %16,20 %12,28 %13,13 %3,27 %2,84 %24,57 %5,14 %—17,24 %
ROE 17,57 %18,38 %19,50 %18,99 %18,75 %21,48 %26,13 %20,15 %9,16 %3,61 %—5,87 %21,89 %9,30 %—14,89 %
ROA 5,03 %5,27 %5,49 %4,53 %4,65 %4,71 %4,86 %2,99 %1,67 %0,73 %—1,64 %8,31 %3,53 %—6,04 %
Asset Turnover 0,86 %0,86 %0,82 %0,85 %0,87 %0,95 %0,83 %0,84 %0,78 %0,78 %0,71 %0,86 %1,01 %0,87 %0,85 %0,78 %

Liquidity Indicators de CLSC4

Liquidity Indicators for CLSC4 — annual indicator history
IndicatorCurrent2025202420232022202120202019201820172016201520142013201220112010
Immediate Liquidity 0,070,140,330,240,250,260,330,230,160,130,230,280,260,450,150,330,22
Current Ratio 1,081,301,280,910,981,151,120,970,980,860,921,072,951,121,031,111,02
Quick Ratio 1,081,301,270,910,971,141,120,970,980,860,921,072,941,111,011,101,01
Total Liquidity Ratio 0,840,840,810,750,780,820,760,690,770,760,790,791,471,431,331,361,31

Leverage Indicators de CLSC4

Leverage Indicators for CLSC4 — annual indicator history
IndicatorCurrent2025202420232022202120202019201820172016201520142013201220112010
Net Debt/EBIT 3,443,242,612,751,881,481,172,201,820,000,002,310,520,12—0,00—
Net Debt/EBITDA 2,682,552,031,991,401,130,861,511,180,000,000,620,410,05—0,00—
Net Debt/Equity 1,151,160,870,770,520,450,400,780,400,000,000,100,170,010,090,000,01
Gross Debt/Equity 1,221,261,141,080,850,770,991,180,790,260,380,510,370,320,200,170,17
Equity/Assets 0,290,290,280,240,250,220,190,150,180,200,240,280,380,380,350,410,39

Financial Results de CLSC4

Financial Results for CLSC4 — annual indicator history
IndicatorCurrent202520242023202220212020201920182017201620152014201320122011
Net Revenue R$ 12,42 BR$ 11,90 BR$ 10,66 BR$ 10,40 BR$ 10,08 BR$ 11,34 BR$ 8,86 BR$ 8,02 BR$ 7,66 BR$ 7,09 BR$ 6,11 BR$ 6,86 BR$ 6,25 BR$ 4,87 BR$ 4,55 BR$ 4,19 B
Gross Profit R$ 1,97 BR$ 1,99 BR$ 1,81 BR$ 1,66 BR$ 1,44 BR$ 1,29 BR$ 1,20 BR$ 992,91 MR$ 829,79 MR$ 879,56 MR$ 524,60 MR$ 487,23 MR$ 1,02 BR$ 819,83 MR$ 444,00 MR$ 927,95 M
EBITDA R$ 1,78 BR$ 1,80 BR$ 1,57 BR$ 1,14 BR$ 1,08 BR$ 1,04 BR$ 922,56 MR$ 724,82 MR$ 610,60 MR$ 523,24 MR$ 329,34 MR$ 356,77 MR$ 1,01 BR$ 354,18 MR$ -333,32 MR$ 594,53 M
EBIT R$ 1,39 BR$ 1,41 BR$ 1,22 BR$ 825,10 MR$ 802,35 MR$ 797,37 MR$ 681,63 MR$ 497,12 MR$ 395,68 MR$ 305,20 MR$ 93,76 MR$ 95,72 MR$ 787,00 MR$ 145,03 MR$ -499,21 MR$ 438,83 M
Net Profit R$ 727,47 MR$ 729,50 MR$ 715,80 MR$ 557,03 MR$ 540,56 MR$ 563,17 MR$ 518,68 MR$ 283,57 MR$ 165,03 MR$ 66,48 MR$ -9,82 MR$ 130,67 MR$ 513,05 MR$ 198,87 MR$ -258,37 MR$ 323,89 M

Balance Sheet de CLSC4

Balance Sheet for CLSC4 — annual indicator history
IndicatorCurrent2025202420232022202120202019201820172016201520142013201220112010
Assets R$ 14,47 BR$ 13,83 BR$ 13,04 BR$ 12,30 BR$ 11,63 BR$ 11,96 BR$ 10,67 BR$ 9,50 BR$ 9,85 BR$ 9,06 BR$ 8,63 BR$ 7,99 BR$ 6,17 BR$ 5,63 BR$ 5,37 BR$ 5,37 BR$ 5,00 B
Liabilities R$ 10,33 BR$ 9,86 BR$ 9,37 BR$ 9,37 BR$ 8,74 BR$ 9,34 BR$ 8,68 BR$ 8,09 BR$ 8,05 BR$ 7,22 BR$ 6,55 BR$ 5,76 BR$ 3,83 BR$ 3,49 BR$ 3,47 BR$ 3,19 BR$ 3,06 B
Shareholders' Equity R$ 4,14 BR$ 3,97 BR$ 3,67 BR$ 2,93 BR$ 2,88 BR$ 2,62 BR$ 1,98 BR$ 1,41 BR$ 1,80 BR$ 1,84 BR$ 2,08 BR$ 2,22 BR$ 2,34 BR$ 2,14 BR$ 1,90 BR$ 2,17 BR$ 1,94 B
Cash and Equivalents R$ 286,62 MR$ 418,81 MR$ 1,02 BR$ 906,20 MR$ 940,68 MR$ 844,09 MR$ 1,17 BR$ 566,18 MR$ 698,06 MR$ 564,59 MR$ 917,46 MR$ 922,05 MR$ 449,79 MR$ 664,51 MR$ 199,87 MR$ 442,50 MR$ 260,25 M
Inventories R$ 25,41 MR$ 21,57 MR$ 21,43 MR$ 23,27 MR$ 20,02 MR$ 13,56 MR$ 12,31 MR$ 14,70 MR$ 8,64 MR$ 9,73 MR$ 10,01 MR$ 8,04 MR$ 8,71 MR$ 11,96 MR$ 15,99 MR$ 20,51 MR$ 15,06 M
Gross Debt R$ 5,06 BR$ 5,01 BR$ 4,20 BR$ 3,17 BR$ 2,45 BR$ 2,02 BR$ 1,96 BR$ 1,66 BR$ 1,42 BR$ 482,68 MR$ 787,79 MR$ 1,14 BR$ 859,35 MR$ 681,67 MR$ 388,82 MR$ 371,10 MR$ 320,34 M
Net Debt R$ 4,77 BR$ 4,59 BR$ 3,18 BR$ 2,27 BR$ 1,51 BR$ 1,18 BR$ 795,25 MR$ 1,10 BR$ 722,00 MR$ -81,91 MR$ -129,67 MR$ 220,86 MR$ 409,56 MR$ 17,17 MR$ 172,61 MR$ -86,46 MR$ 27,70 M
Short-Term Debt R$ 1,07 BR$ 473,24 MR$ 416,10 MR$ 522,33 MR$ 507,70 MR$ 176,55 MR$ 968,49 MR$ 488,76 MR$ 452,48 MR$ 340,39 MR$ 310,15 MR$ 518,75 MR$ 326,71 MR$ 204,32 MR$ 88,17 MR$ 241,30 MR$ 109,72 M
Long-Term Debt R$ 3,99 BR$ 4,53 BR$ 3,79 BR$ 2,65 BR$ 1,94 BR$ 1,85 BR$ 992,96 MR$ 1,17 BR$ 967,59 MR$ 142,29 MR$ 477,64 MR$ 624,15 MR$ 532,65 MR$ 477,36 MR$ 300,65 MR$ 129,80 MR$ 210,62 M

Cash Flow de CLSC4

Cash Flow for CLSC4 — annual indicator history
IndicatorCurrent202520242023202220212020201920182017201620152014201320122011
OCF R$ 384,48 MR$ 176,82 MR$ 281,69 MR$ 450,29 MR$ 867,91 MR$ 378,28 MR$ 913,32 MR$ 132,63 MR$ -383,79 MR$ 321,47 MR$ 750,15 MR$ 643,99 MR$ -60,04 MR$ 436,48 MR$ 160,41 MR$ 465,75 M
ICF R$ -1,17 BR$ -1,07 BR$ -955,05 MR$ -1,01 BR$ -1,01 BR$ -613,24 MR$ -526,75 MR$ -453,02 MR$ -396,65 MR$ -371,56 MR$ -369,44 MR$ -301,55 MR$ -290,09 MR$ -307,30 MR$ -340,11 MR$ -244,99 M
Financing CF R$ 317,04 MR$ 295,01 MR$ 786,65 MR$ 524,90 MR$ 237,60 MR$ -87,16 MR$ 213,46 MR$ 188,51 MR$ 913,90 MR$ -302,78 MR$ -385,29 MR$ 129,82 MR$ 135,41 MR$ 362,58 MR$ -62,94 MR$ -38,52 M
CAPEX R$ -23,13 MR$ -29,07 MR$ -34,24 MR$ -53,16 MR$ -1,03 BR$ -641,21 MR$ -552,76 MR$ -476,47 MR$ -406,44 MR$ -389,64 MR$ -375,15 MR$ -339,81 MR$ -302,67 MR$ -311,10 MR$ -53,59 MR$ -74,39 M
FCF R$ 361,35 MR$ 147,75 MR$ 247,45 MR$ 397,13 MR$ -161,72 MR$ -262,93 MR$ 360,56 MR$ -343,85 MR$ -790,22 MR$ -68,17 MR$ 374,99 MR$ 304,18 MR$ -362,71 MR$ 125,39 MR$ 106,82 MR$ 391,37 M

Growth de CLSC4

Growth for CLSC4 — annual indicator history
IndicatorCurrent2025202420232022202120202019201820172016
Net Revenue CAGR 5Y 6,02 %6,08 %5,86 %6,30 %7,29 %13,17 %5,23 %5,12 %9,48 %9,30 %7,82 %
Net Profit CAGR 5Y 4,86 %7,06 %20,34 %27,54 %52,06 %—31,75 %-11,18 %-3,66 %——
EBIT CAGR 5Y 13,08 %15,71 %19,66 %15,83 %21,33 %53,44 %48,08 %-8,78 %22,23 %—-26,56 %
EBITDA CAGR 5Y 12,37 %14,27 %16,69 %13,31 %15,59 %25,93 %20,93 %-6,33 %11,51 %—-11,14 %

Target Price de CLSC4

Target Price for CLSC4 — annual indicator history
IndicatorCurrent202520242023202220212020201920182017201620152014201320122011
Target Price - Graham R$ 213,46R$ 204,73R$ 185,79R$ 165,97R$ 152,68R$ 162,34R$ 94,69R$ 78,47R$ 75,45R$ 51,17R$ 48,93R$ 134,94R$ 50,70R$ 18,91R$ 0,00R$ 0,00

Registration Data de CLSC4

Registration Data for CLSC4 — annual indicator history
Sector Utilities
Subsector Integrated Electric Utilities
Website www.celesc.com.br
Status Fase Operacional
Years Listed 53
CVM Code 2461
CNPJ 83.878.892/0001-55
Last Price Date 13/07/2026
Last Earnings Date 31/03/2026
Next Earnings Date 14/08/2026
Free Float 75,73 %
Other Tickers CLSC3

About CELESC

Centrais Elétricas de Santa Catarina S.A. – CELESC, issuer of the CLSC3 and CLSC4 shares traded on B3, was created on December 9, 1955, by the government of the State of Santa Catarina to organize and integrate the state’s power system. Until then, service had been provided by small and medium-sized private companies operating in regionalized systems without unified planning, which proved insufficient in the face of urbanization and industrial expansion, especially within the developmentalist context of the Juscelino Kubitschek administration. Federal authorization to operate came in 1956, and early in its operations Celesc enabled Santa Catarina to join the South-Southeast Interconnected Power System, ensuring a more adequate supply for the state’s industrial base. In its first years, the company acted as the planning body for the state’s power system and later assumed the role of a holding company, initiating a cycle of acquisitions of regional energy companies that led it to cover virtually the entire territory of Santa Catarina and to consolidate itself as the state’s main state-owned enterprise in this segment.

Throughout the 1960s and 1970s, Celesc expanded its operations by acquiring control of several regional power distributors, such as Elfa, Empresul, Videluz, Cosel, ForçaLuz, among others, incorporating their assets in exchange for shares and reorganizing the electricity sector in Santa Catarina under centralized management. In 1973, it obtained registration as a publicly traded company and had its shares listed on the stock exchange, and over time it carried out stock bonuses, reverse stock splits and bylaw adjustments to comply with prevailing corporate legislation. Following the new regulatory framework of the Brazilian electricity sector between 2003 and 2004, Celesc went through an unbundling process that resulted, in 2006, in its current configuration as a pure holding company with two wholly owned subsidiaries: Celesc Distribuição S.A. and Celesc Geração S.A. In parallel, it became a shareholder in generation and transmission ventures such as Dona Francisca Energética (DFESA) and Empresa Catarinense de Transmissão de Energia (ECTE), and later also entered the natural gas distribution segment by acquiring control of Companhia de Gás de Santa Catarina (SCGÁS).

Today, the Celesc group operates in three main areas: electric power distribution, electric power generation, and natural gas distribution. The corporate structure is led by the holding company Celesc S.A., controlled by the State of Santa Catarina, which holds 50.18% of the common shares, equivalent to 20.20% of total capital. Among the other relevant shareholders is EDP – Energias do Brasil S.A., with a significant stake in common and preferred shares, according to market transactions carried out between 2017 and 2018. The company’s shares, represented mainly by the tickers CLSC3 (common) and CLSC4 (preferred), have a high free float, which supports liquidity of the stock on B3. The holding company also maintains equity interests in energy and sanitation companies such as DFESA, ECTE, and CASAN, as well as in special purpose entities (SPEs) focused on hydropower generation projects in partnership with private investors.

The subsidiary Celesc Distribuição S.A. accounts for most of the group’s revenue and holds the power distribution concession that serves, in whole or in part, 285 municipalities, covering 3,465,509 consumer units, mainly in Santa Catarina and, to a lesser extent, in Paraná. Of the total number of municipalities served, 264 are covered by the concession agreement – 263 in Santa Catarina and one in Rio Negro, Paraná – while 21 are served on a provisional basis, for technical and economic convenience, in areas originally granted to other distributors. Celesc Distribuição also supplies power to four concessionaires and 20 permit holders that operate in municipalities in Santa Catarina outside its direct service area. In 2024, it distributed 29,468 GWh and posted gross revenue of R$ 16.2 billion, ranking as the 6th largest provider of public electric power distribution service in Brazil. Its business model is heavily regulated by ANEEL and is based on remuneration for the service of transporting and selling power within its concession area, with tariffs set under a price cap regime and returns primarily linked to the volume of investments recognized in the tariff base.

Celesc Distribuição’s customer profile is diversified, covering residential, industrial, commercial, rural, public sector, public lighting, public service companies, self-consumption and other power companies, including cooperatives. Service is provided through an extensive high- and low-voltage network, with around 5,000 kilometers of 138 kV and 69 kV lines and approximately 318 power transformers, totaling 7,800 MVA of capacity. The distribution concession, originally established under ANEEL contract No. 56/1999, was extended for another 30 years through an addendum signed in December 2015, setting targets for service quality and economic-financial sustainability. Operations are subject to regulatory requirements such as tariff affordability (modicidade tarifária), universal access and advance contracting of power to meet demand growth, as well as rules on tariff seasonality and system loading, which particularly affect high-voltage consumers and coastal regions with strong load variation in the summer.

Celesc Geração S.A. is the subsidiary that operates in power generation, trading and, to a lesser extent, transmission. Its own portfolio consists of thirteen hydro plants – twelve in operation and one in the process of reactivation – all located in Santa Catarina, plus five remote distributed-generation solar photovoltaic plants. As of December 31, 2024, installed capacity in commercial operation totaled 136.51 MW, of which 125.27 MW in own plants and 11.24 MW proportional to minority stakes in six hydropower ventures developed in SPEs with private investors. The company also holds a minority interest in a power transmission venture in partnership with EDP, with 230 kV and 525 kV lines and an associated substation, although it has approval to divest this stake. Since January 2024, Celesc Geração has been authorized to operate as a retail energy trader, allowing it to serve eligible consumers in the Free Contracting Environment (ACL), where prices and conditions are freely negotiated among generators, traders and customers.

A third pillar of the group is Companhia de Gás de Santa Catarina – SCGÁS, a mixed-capital company created in 1994 in which Celesc holds a majority ownership stake in voting capital. SCGÁS holds an exclusive concession to distribute piped natural gas throughout the State of Santa Catarina, under a 50-year contract signed in 1994. Supply is provided mainly via the Bolivia-Brazil Pipeline, with guaranteed supply under contract for at least 20 years, and the gas is delivered to industrial, commercial and residential customers, as well as for vehicular use. Although SCGÁS’s results are recognized by Celesc under the equity method – and not as a separate operating segment in the consolidated financial statements – its operations reinforce the group’s presence in regulated public utility services beyond electricity.

Celesc’s operations are strongly shaped by the regulatory environment. In the power sector, the company is subject to federal concession legislation, specific rules of the sector model, oversight by the Brazilian Electricity Regulatory Agency (ANEEL), and the frameworks that promoted the unbundling of generation, transmission and distribution activities. The restructuring into a holding company and wholly owned subsidiaries in 2006 complied with the requirements of Federal Law No. 10,848/2004 and specific state legislation, with ANEEL’s consent. In addition, Celesc joined BM&FBovespa’s Level 2 Corporate Governance in 2002, adopting governance practices aimed at protecting shareholders and other stakeholders. Its recent history includes the implementation of long-term strategic planning, such as the “Celesc 2030” plan, and initiatives to optimize resources between the holding company and its subsidiaries, subject to regulator approval. For investors tracking CLSC3 and CLSC4 shares on B3, Celesc presents itself as a public-utility holding company with a core focus on electric power distribution, complemented by generation, stakes in transmission, and natural gas distribution in a highly regulated environment with long-term contracts.

CLSC4 Dividend History

Latest dividends paid by CLSC4 — Dividends and Interest on Equity (JCP)
TypeEx-DateValue per Share
JCP30/06/2026R$ 4,25
Dividendo30/04/2026R$ 1,39
JCP25/03/2026R$ 2,09
JCP17/12/2025R$ 2,43
JCP24/09/2025R$ 2,01
JCP25/06/2025R$ 1,58
Dividendo30/04/2025R$ 2,08
JCP26/03/2025R$ 1,62
JCP23/12/2024R$ 2,61
JCP25/09/2024R$ 1,28
JCP26/06/2024R$ 2,28
Dividendo30/04/2024R$ 0,03
JCP22/03/2024R$ 1,19
JCP22/12/2023R$ 2,39
JCP29/09/2023R$ 1,31
JCP30/06/2023R$ 1,25
Dividendo28/04/2023R$ 0,62
JCP31/03/2023R$ 1,23
JCP29/12/2022R$ 1,41
JCP30/09/2022R$ 1,13
JCP30/06/2022R$ 1,13
Dividendo29/04/2022R$ 0,54
JCP30/03/2022R$ 0,93
JCP20/12/2021R$ 3,33
Dividendo29/04/2021R$ 1,40
JCP30/12/2020R$ 2,08
Dividendo28/04/2020R$ 0,53
JCP30/12/2019R$ 1,39
Dividendo30/04/2019R$ 1,05
Dividendo30/04/2018R$ 0,51
Dividendo29/04/2016R$ 1,00
Dividendo30/04/2015R$ 3,93
Dividendo30/04/2014R$ 0,20
JCP30/12/2013R$ 1,32
Dividendo30/04/2012R$ 0,26

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CLSC4 indicator guide

What is CLSC4's current price?

What is CLSC4's Price today?

CLSC4's Price is R$ 137,64 (13/07/2026).

What is Price and what does it indicate?

The stock's latest market price, representing the value at which it traded at the most recent close.

How should CLSC4's Price be interpreted?

Price changes reflect shifts in market expectations; monitoring them alongside other indicators helps identify opportunities and risks.

What can affect CLSC4's Price?

It is influenced by the company's financial performance, market news, macroeconomic conditions, and investor sentiment.

CLSC4's P/E: is the stock expensive or cheap?

What is CLSC4's Price/Earnings (P/E) today?

CLSC4's Price/Earnings (P/E) is 7,30 (13/07/2026).

What is Price/Earnings (P/E) and what does it indicate?

Price/Earnings relates the stock's market price to earnings per share, showing how much investors are willing to pay for the company's earnings.

How should CLSC4's Price/Earnings (P/E) be interpreted?

A high P/E generally suggests strong expectations for future growth, while a low P/E may indicate an undervalued stock or operating challenges.

What can affect CLSC4's Price/Earnings (P/E)?

This indicator is influenced by operating results, earnings growth, macroeconomic conditions, and investor expectations, and varies across the economic cycle.

CLSC4's P/B: what it reveals about valuation

What is CLSC4's Price/Book Value (P/B) today?

CLSC4's Price/Book Value (P/B) is 1,28 (13/07/2026).

What is Price/Book Value (P/B) and what does it indicate?

Price/Book Value per Share relates the stock's market price to book value per share, showing how much investors pay for the company's equity.

How should CLSC4's Price/Book Value (P/B) be interpreted?

A P/B below 1 may signal an undervalued stock, while a high value may reflect expectations of future appreciation or risks related to asset quality.

What can affect CLSC4's Price/Book Value (P/B)?

Capital structure, the share of intangible assets, reinvestment policies, and economic conditions significantly affect book value.

CLSC4's Dividend Yield: how much does it pay in dividends?

What is CLSC4's Dividend Yield today?

CLSC4's Dividend Yield is 8,85 % (13/07/2026).

What is Dividend Yield and what does it indicate?

Dividend Yield is the percentage relationship between dividends paid to shareholders and the current stock price, showing the return received as dividends.

How should CLSC4's Dividend Yield be interpreted?

A high Dividend Yield may indicate an income opportunity, but it should be assessed alongside earnings stability and the consistency of dividend distributions over time.

What can affect CLSC4's Dividend Yield?

The company's dividend policy, financial results, cash flow, and capital allocation strategies are key drivers of Dividend Yield.

CLSC4's EV/EBITDA: valuation accounting for debt

What is CLSC4's EV/EBITDA today?

CLSC4's EV/EBITDA is 5,57 (13/07/2026).

What is EV/EBITDA and what does it indicate?

EV/EBITDA relates enterprise value to EBITDA, highlighting operating cash-generation capacity before depreciation and amortization.

How should CLSC4's EV/EBITDA be interpreted?

A low value may suggest an attractive valuation, while a high value may indicate an expensive valuation or weak operating cash generation.

What can affect CLSC4's EV/EBITDA?

Depreciation policies, investments, and operating efficiency influence EBITDA.

CLSC4's BVPS: what is the book value per share?

What is CLSC4's Book Value per Share (BVPS) today?

CLSC4's Book Value per Share (BVPS) is R$ 107,37 (13/07/2026).

What is Book Value per Share (BVPS) and what does it indicate?

Book Value per Share is the accounting value assigned to each share, reflecting the company's equity on a per-share basis.

How should CLSC4's Book Value per Share (BVPS) be interpreted?

A low Book Value per Share may indicate an undervalued stock, while a high value may suggest the stock is expensive on an accounting basis.

What can affect CLSC4's Book Value per Share (BVPS)?

Asset revaluations, retained earnings, and dividend policies influence Book Value per Share.

CLSC4's EPS: how much profit per share?

What is CLSC4's Earnings per Share (EPS) today?

CLSC4's Earnings per Share (EPS) is R$ 18,86 (13/07/2026).

What is Earnings per Share (EPS) and what does it indicate?

Earnings per Share is net income divided by the total number of shares, indicating the earnings attributable to each share.

How should CLSC4's Earnings per Share (EPS) be interpreted?

Rising Earnings per Share is a positive profitability signal, while a decline may indicate challenges in generating earnings.

What can affect CLSC4's Earnings per Share (EPS)?

Operating efficiency, cost management, and changes in net income influence Earnings per Share.

CLSC4's Market Cap: how much is the company worth on the exchange?

What is CLSC4's Market Cap today?

CLSC4's Market Cap is R$ 5,15 B (13/07/2026).

What is Market Cap and what does it indicate?

Market capitalization is the company's total market value, calculated by multiplying the share price by the number of shares outstanding.

How should CLSC4's Market Cap be interpreted?

A high market capitalization may indicate an established company, while a low value may point to growth opportunities or greater volatility.

What can affect CLSC4's Market Cap?

Share price, share count, and market conditions influence market capitalization.

CLSC4's Net Margin: how much profit is left per dollar sold?

What is CLSC4's Net Margin today?

CLSC4's Net Margin is 5,86 % (13/07/2026).

What is Net Margin and what does it indicate?

Net Margin is net income as a percentage of net revenue, showing the company's effective profitability.

How should CLSC4's Net Margin be interpreted?

High margins indicate efficient conversion of revenue into profit, while low margins may signal challenges.

What can affect CLSC4's Net Margin?

Cost management, operating expenses, and the tax burden influence Net Margin.

CLSC4's ROIC: the return on invested capital

What is CLSC4's ROIC today?

CLSC4's ROIC is 15,07 % (13/07/2026).

What is ROIC and what does it indicate?

ROIC (Return on Invested Capital) measures the return earned on all capital invested in the company, reflecting how efficiently resources are used.

How should CLSC4's ROIC be interpreted?

A high ROIC suggests efficient use of resources, while a low ROIC may indicate inefficient capital allocation.

What can affect CLSC4's ROIC?

Investment strategies, operating efficiency, and capital structure influence ROIC.

CLSC4's ROE: is the company efficient at generating profit?

What is CLSC4's ROE today?

CLSC4's ROE is 17,57 % (13/07/2026).

What is ROE and what does it indicate?

ROE (Return on Equity) measures the return on shareholders' equity, reflecting profitability for shareholders.

How should CLSC4's ROE be interpreted?

A high ROE is generally positive, but it should be assessed together with the company's capital structure.

What can affect CLSC4's ROE?

Operating management, dividend policy, and financial leverage influence ROE.

CLSC4's Net Debt/EBITDA: is the debt level healthy?

What is CLSC4's Net Debt/EBITDA today?

CLSC4's Net Debt/EBITDA is 2,68 (13/07/2026).

What is Net Debt/EBITDA and what does it indicate?

Net Debt/EBITDA assesses the company's ability to repay debt with cash generated by operations, before depreciation and amortization.

How should CLSC4's Net Debt/EBITDA be interpreted?

Low values indicate greater financial safety, while high values may signal excessive debt risk.

What can affect CLSC4's Net Debt/EBITDA?

Capital structure, operating efficiency, and investments influence EBITDA.

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Frequently Asked Questions about CLSC4

What is CLSC4's stock price today?

CLSC4's price on 13/07/2026 is R$ 137.64. The price is updated based on the latest data available from B3.

Does CLSC4 pay dividends?

Over the last 12 months, CLSC4 paid dividends and/or JCP in March, April, June, September, and December, totaling R$ 12.18 per share (Dividend Yield of 8.85%). Payments depend on results and decisions made by the board of directors.

How do I buy CLSC4 shares?

To buy CLSC4 (CELESC) shares, you need an account with a brokerage that has access to B3. After that, just search for the ticker CLSC4 and place a buy order through the brokerage's platform.

How do I analyze CLSC4 stock?

To analyze CLSC4, consider indicators such as P/E of 7.30, Dividend Yield of 8.85%, ROE of 17.57%, net margin of 5.86%. The evaluation should include comparison with companies in the same sector and the company's financial history.