Eletrobras Participações S.A. - Eletropar (LIPR3.SA)

Eletrobras Participações S.A. - Eletropar (LIPR3.SA) — VMCI valuation read

Eletrobras Participações S.A. - Eletropar sits at VMCI 54/100, with the Utilities sector median at 50. That 4-point spread is the first thing to note on LIPR3.SA: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on LIPR3.SA are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on LIPR3.SA: LIPR3.SA trades at 24.0x earnings, 33% above the Utilities median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Utilities median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of 1.7x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

LIPR3.SA rose 2.4% over the trailing 7 days, with a -10.1% read on a 30-day basis.