Companhia Energética do Rio Grande do Norte - COSERN (CSRN6.SA)

Companhia Energética do Rio Grande do Norte - COSERN (CSRN6.SA) — VMCI valuation read

Companhia Energética do Rio Grande do Norte - COSERN (CSRN6.SA) carries a VMCI composite of 65/100, 15 points above the Utilities sector median of 50. Among mid-cap names, that gap places CSRN6.SA in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The CSRN6.SA insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads CSRN6.SA trades at 14.0x earnings, 22% below the Utilities median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Utilities 12.0x. Quality: ROIC of 10.0% sits 0.0pp above the Utilities median (10.0%). Risk: net debt to EBITDA of 1.8x is the rate-sensitivity line to watch, the line to track on Companhia Energética do Rio Grande do Norte - COSERN's next 10-Q.

CSRN6.SA rose 3.6% over the trailing 7 days, with a -1.8% read on a 30-day basis.