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WEG (WEGE) USD

At a glance: strengths & risks
✓Revenue growing (+9% y/y, Q2 2026)✓Net cash balance sheet

Sector: Electrical equipment

BR_WEGE

Price chart

50.88 BRLDay 0.28%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
50.88 BRL · 0.28%
Market cap
41.4 bn USD

Growth

Δ revenue y/y
9.1%
Δ EBITDA y/y
7.5%

Multiples

P/E (LTM)
32.3x
P/B (FY)
12.2x
P/E (ann.)
32.0x
EV/EBITDA (LTM)
23.9x
EV/EBITDA (ann.)
23.4x

Cash return

Dividend yield
3.9%
FCF yield (LTM)
0.4%

Value creation

fundamental value/yr, % of market cap
Value created / year
+4.9%
↓ details

Liquidity

Daily turnover (listing)
119.4 mln BRL

Shares: yahoo_fundamentals_timeseries/WEGE3.SA

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)PARTIAL1997.5
y/y 9.1%
385.3
y/y 6.2%
50.4
y/y 18.3%
435.7
y/y 7.5%
324.2
y/y 6.8%
234.1-29.49189.7
y/y 28.6%
3976.2
y/y -4.2%
33.3%-735.5Link
2026-03-31Q1 2026 (3M)PARTIAL1887.1
y/y 5.2%
368.5
y/y 6.6%
50.6
y/y 23.9%
419.1
y/y 8.4%
314.8
y/y 8.1%
251.6-124.08645.3
y/y 23.6%
3803.4
y/y -3.8%
35.0%-656.4Link
2025-12-31Q4 2025 (3M)PARTIAL1918.6
y/y 57.8%
373.7
y/y 57.0%
55.0
y/y 93.5%
428.8
y/y 60.9%
318.3
y/y 62.4%
404.0-151.37787.3
y/y 16.0%
3388.0
y/y -9.5%
32.0%-491.0Link
2025-09-30Q3 2025 (3M)PARTIAL1908.5
y/y 11.6%
378.5
y/y 8.3%
44.3
y/y 20.7%
422.8
y/y 9.5%
324.2
y/y 12.5%
422.1-125.07709.9
y/y 22.3%
4350.9
y/y 22.5%
10.2%-647.4Link
2025-06-30Q2 2025 (3M)PARTIAL1830.8
y/y 10.8%
362.7
y/y 5.4%
42.6
y/y 26.2%
405.3
y/y 7.2%
303.6
y/y 12.7%
255.8-104.67145.1
y/y 7.1%
4151.8
y/y 16.5%
30.0%-553.2Link
2025-03-31Q1 2025 (3M)PARTIAL1793.3
y/y 14.2%
345.8
y/y 10.4%
40.9
y/y 25.5%
386.7
y/y 11.8%
291.3
y/y 8.2%
96.2-110.56997.1
y/y 12.0%
3955.3
y/y 12.6%
30.3%-431.0Link
2024-12-31Q4 2024 (3M)PARTIAL1215.5
y/y -34.1%
238.0
y/y -33.4%
28.4
y/y -21.3%
266.4
y/y -32.3%
196.0
y/y -48.7%
321.9-85.66715.8
y/y 3.2%
3743.2
y/y 1.4%
28.0%-712.4Link
2024-09-30Q3 2024 (3M)PARTIAL1710.6
y/y 6.9%
349.3
y/y 11.5%
36.7
y/y 17.7%
386.1
y/y 12.0%
288.2
y/y 8.0%
276.2-75.56302.3
y/y 5.7%
3552.1
y/y 8.0%
10.8%-535.2Link
2024-06-30Q2 2024 (3M)PARTIAL1652.9
y/y -4.5%
344.2
y/y -3.3%
33.8
y/y 5.1%
378.0
y/y -2.6%
269.5
y/y -9.7%
267.4-69.86672.4
y/y 8.3%
3564.5
y/y 6.4%
30.5%-543.5Link
2024-03-31Q1 2024 (3M)PARTIAL1569.9
y/y 1.7%
313.3
y/y 1.6%
32.5
y/y 7.5%
345.9
y/y 2.1%
269.2
y/y 1.3%
308.5-68.76250.1
y/y 7.7%
3511.3
y/y 14.4%
29.9%-751.4Link
2023-12-31Q4 2023 (3M)PARTIAL1843.1
y/y —
357.6
y/y —
36.1
y/y —
393.7
y/y —
381.8
y/y —
418.3-94.26508.9
y/y —
3689.8
y/y —
34.7%-877.5Link
2023-09-30Q3 2023 (3M)PARTIAL1600.2
y/y —
313.3
y/y —
31.2
y/y —
344.6
y/y —
266.7
y/y —
386.5-85.55960.2
y/y —
3289.6
y/y —
10.7%-569.7Link
2023-06-30Q2 2023 (3M)PARTIAL1730.0
y/y —
356.0
y/y —
32.1
y/y —
388.1
y/y —
298.5
y/y —
181.9-94.26161.2
y/y —
3351.6
y/y —
37.2%-571.2Link
2023-03-31Q1 2023 (3M)PARTIAL1543.8
y/y —
308.6
y/y —
30.3
y/y —
338.8
y/y —
265.6
y/y —
464.4-68.95801.2
y/y —
3069.2
y/y —
—-444.6Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05001 0001 5002 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-50%-25%0%25%50%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-10001002003002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-800-600-400-20002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2023–2025 operating cash flow came to 1.15x of reported net profit; after capex, 0.85x.
year202320242025
cash flow / profit1.20x1.15x0.95x
accruals, % of assets-3.7%-2.2%0.8%
Last twelve months (to 2025-Q3): 1.02x of profit came back as operating cash flow.
net debt / EBITDA -0.3x
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +4.9%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (436 − 405) × 3.92
119
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (41 442 + -735) ÷ 1 706
23.9x
3. Target multiple
(Current EV/EBITDA + 7) ÷ 2
= (23.9 + 7) ÷ 2
15.4x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 182 + 0 + 0 − 0
182
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (119 × 15.4 + 182) ÷ 41 442
+4.9%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +21% vs -8% the year before — a +29.6 pp move. 3-year CAGR —.
revenue growth by year: 2024 -8% · 2025 +21%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Peer comparison

Group: utilities (Brazil). Every peer trades on the same market, so no adjustment is needed.

CompanyMarketCap, $bnEV/EBITDA
CPFL EnergiaBrazil10.05.7x
CemigBrazil6.06.3x
SabespBrazil17.98.4x
Equatorial EnergiaBrazil9.79.6x
EnergisaBrazil25.218.4x
Group median8.4x
Group average9.7x
This companyBrazil41.423.9x

Group median 8.4x; this company 23.9x — a 184% premium.

Group average 9.7x; against the average this company is at a 146% premium.

At the adjusted group median the market cap would be -64% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 23.2x, Russia 3.9x, South Africa 5.3x, Kazakhstan 5.0x, India 18.0x, Indonesia 4.0x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-09-16; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-06-220.1044 BRLEx-dividend: 0.1044 BRL per sharePaidYahoo Finance (ex-div)
2026-03-230.1001 BRLEx-dividend: 0.1001 BRL per sharePaidYahoo Finance (ex-div)
2025-12-221.2385 BRLEx-dividend: 1.2385 BRL per sharePaidYahoo Finance (ex-div)
2025-12-040.453 BRLEx-dividend: 0.453 BRL per sharePaidYahoo Finance (ex-div)
2025-09-290.1102 BRLEx-dividend: 0.1102 BRL per sharePaidYahoo Finance (ex-div)
2025-07-280.1714 BRLEx-dividend: 0.1714 BRL per sharePaidYahoo Finance (ex-div)
2025-06-230.0941 BRLEx-dividend: 0.0941 BRL per sharePaidYahoo Finance (ex-div)
2025-03-240.0807 BRLEx-dividend: 0.0807 BRL per sharePaidYahoo Finance (ex-div)
2025-03-050.3027 BRLEx-dividend: 0.3027 BRL per sharePaidYahoo Finance (ex-div)
2024-12-230.0798 BRLEx-dividend: 0.0798 BRL per sharePaidYahoo Finance (ex-div)
2024-09-300.0701 BRLEx-dividend: 0.0701 BRL per sharePaidYahoo Finance (ex-div)
2024-08-050.1876 BRLEx-dividend: 0.1876 BRL per sharePaidYahoo Finance (ex-div)
2024-07-010.0628 BRLEx-dividend: 0.0628 BRL per sharePaidYahoo Finance (ex-div)
2024-03-250.0578 BRLEx-dividend: 0.0578 BRL per sharePaidYahoo Finance (ex-div)
2024-02-260.2979 BRLEx-dividend: 0.2979 BRL per sharePaidYahoo Finance (ex-div)
2023-12-180.0719 BRLEx-dividend: 0.0719 BRL per sharePaidYahoo Finance (ex-div)
2023-09-250.0598 BRLEx-dividend: 0.0598 BRL per sharePaidYahoo Finance (ex-div)
2023-07-240.1452 BRLEx-dividend: 0.1452 BRL per sharePaidYahoo Finance (ex-div)
2023-06-260.0583 BRLEx-dividend: 0.0583 BRL per sharePaidYahoo Finance (ex-div)
2023-03-200.0532 BRLEx-dividend: 0.0532 BRL per sharePaidYahoo Finance (ex-div)
2023-02-220.2263 BRLEx-dividend: 0.2263 BRL per sharePaidYahoo Finance (ex-div)
2022-12-190.0544 BRLEx-dividend: 0.0544 BRL per sharePaidYahoo Finance (ex-div)
2022-09-260.0441 BRLEx-dividend: 0.0441 BRL per sharePaidYahoo Finance (ex-div)
2022-07-250.1319 BRLEx-dividend: 0.1319 BRL per sharePaidYahoo Finance (ex-div)
2022-06-270.0433 BRLEx-dividend: 0.0433 BRL per sharePaidYahoo Finance (ex-div)
2022-03-280.0368 BRLEx-dividend: 0.0368 BRL per sharePaidYahoo Finance (ex-div)
2022-02-210.2052 BRLEx-dividend: 0.2052 BRL per sharePaidYahoo Finance (ex-div)
2021-12-200.032 BRLEx-dividend: 0.032 BRL per sharePaidYahoo Finance (ex-div)
2021-09-270.0207 BRLEx-dividend: 0.0207 BRL per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.rad.cvm.gov.br/ENET/frmConsultaExternaCVM.aspx?codigoCVM=5410

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of WEG (WEGE) — from primary filings.

Frequently asked questions

What is WEG (WEGE)'s P/E ratio?
WEG (WEGE) trades at a P/E of 32.3x (price to trailing 12-month earnings).
What is WEG (WEGE)'s EV/EBITDA?
WEG (WEGE) trades at 23.9x EV/EBITDA.
What is WEG (WEGE)'s P/B ratio?
WEG (WEGE) trades at a P/B of 12.2x.
What is WEG (WEGE)'s dividend yield?
WEG (WEGE)'s trailing 12-month dividend yield is 3.9%.
What is WEG (WEGE)'s return on equity (ROE)?
WEG (WEGE)'s ROE is 33.3%.
What is WEG (WEGE)'s market capitalization?
WEG (WEGE)'s market cap is 41.4 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map