AXIAYOTCElectric ServicesFiscal year ends December 31Also trades as AXICY
AXIA Energia S.A.
Financials through fiscal 2024, year ended Dec 31, 2024
$11.53−0.10 (-0.86%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2014 to 2024
Operating margin
48.8%+19.2 pts over 5 years
Net margin
25.8%−12.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.1% | +5.1% | +6.7% | – | |
| Operating income | +78.0% | +26.1% | +17.9% | – | |
| Net income | +128.1% | +22.5% | -1.5% | – | |
| Free cash flow | +112.4% | +16.5% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | 17.8% | 8.9% | |
| Return on assets | – | 6.2% | 3.7% | |
| Current ratio | – | 1.57 | 2.04 | |
| Debt to equity | – | 0.68 | 0.62 | |
| Net debt to EBITDA | – | 4.57× | 2.08× | |
| Interest coverage | – | 1.6× | 1.9× | |
| Capex to revenue | 12.9% | 6.7% | 7.7% | |
| Diluted shares | 1.35B | – | – |
Where the cash went
Fiscal 2020 to 2024, five years combined
AXIA Energia generated 37.91B BRL from operations and spent 20.05B BRL on capital expenditure, dividends and share buybacks. 53% of that went back into the business.
Generated
37.91B BRL
Used
20.05B BRL
Capital expenditure10.56B BRL53%Dividends7.41B BRL37%Share buybacks2.08B BRL10%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin25.8%
×Asset turnover0.14×
×Equity multiplier2.38×
=Return on equity, FY20248.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 25.8% | 0.14× | 2.38× | 8.9% |
| FY2023 | 12.2% | 0.14× | 2.41× | 4.1% |
| FY2022 | 10.7% | 0.15× | 2.46× | 3.9% |
| FY2021 | 16.3% | 0.19× | 2.46× | 7.5% |
| FY2020 | 25.0% | 0.14× | 2.48× | 8.8% |
| FY2019 | 38.5% | 0.16× | 2.86× | 17.8% |
| FY2018 | 55.2% | 0.15× | 3.60× | 29.4% |
| FY2017 | -6.0% | 0.17× | 3.92× | -4.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
6of 7 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero10.38B BRL
- Cash generatingOperating cash flow above zero12.39B BRL
- Return on assets improvedROA up on the prior year1.7% → 3.9%
- Earnings backed by cashOperating cash flow above net income12.39B BRL vs 10.38B BRL
- Less leverageLong-term debt to assets fell18.2% → 21.7%
- Better liquidityCurrent ratio rose1.76 → 2.04
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.14 → 0.15