Energisa S.A. (ENGI11.SA) stock analysis

In our weekly check, Energisa S.A. is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 10 pass, warnings: 4, red flags: 11.

About Energisa S.A.

Energisa S.A. is an Utilities company (Regulated Electric) based in Brazil, listed on SAO as ENGI11.SA.

What our checks show for ENGI11.SA

Red flags

• Net debt is 4.3x a year of EBITDA (debt/equity 2.2). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 1.4 times: a weak year could make the payments hard.
• The net margin fell by 5.7 points over 5 years, to 4.1%: the company keeps less of each sale as profit.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• Analysts expect revenue to shrink about 2.2% a year.
• The net margin is only 4.1%: little room if costs rise.
• Free cash flow is negative (-15.9% of revenue): the business spends more cash than it brings in.
• The dividend takes 106% of profit: little cushion if profit falls.
• The price swings a lot: 51.4% annual volatility. Expect large ups and downs.
• Recovering from its deepest fall took about 6.3 years.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Earnings per share fell 32.1% a year over the last 3 years.
• Net profit fell 10.8% a year over the last 3 years.
• The stock has fallen as much as 41% from a peak. Would you have held through that?
• The share count grew by 14.1% in 2 years: each shareholder owns a smaller slice.

Strengths

• The gross margin is 24.9% and has risen by 3.4 points: pricing power is holding.
• Analysts expect earnings per share to grow about 164% a year over the next years.
• Analysts expect the net margin to improve by 21.4 points from today's 4.1%.
• Beta 0.07: the stock usually moves less than the market.
• Actively traded: about 4.6 million shares a day.

Next earnings report: 2026-11-10

Similar companies

EMA · ELI.BR · PPC.AT · TAEE11.SA · PNW · LNT

Questions

What grade does Energisa S.A. (ENGI11.SA) have?

In our weekly check, Energisa S.A. is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 10 pass, warnings: 4, red flags: 11. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ENGI11.SA stock?

This week's biggest flags for Energisa S.A.: High debt, Weak interest cover, Margins falling. In total 15 of 25 checks show a warning or a red flag.

What does Energisa S.A. do?

Energisa S.A. is an Utilities company (Regulated Electric) based in Brazil, listed on SAO as ENGI11.SA.

When does Energisa S.A. report earnings next?

The next earnings report is expected on 2026-11-10. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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