Companhia Energética de Minas Gerais - CEMIG (BMV:CIG N) - Stock Price, News & Analysis

CIG N Stock Overview

Through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. More details

CIG N fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	6/6
Financial Health	5/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (4.2x) is below the MX market (11.8x)

Earnings grew by 51.5% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 28.6% per year for the next 3 years

Shares are highly illiquid

Dividend of 9.28% is not well covered by free cash flows

Companhia Energética de Minas Gerais - CEMIG Competitors

Federal Hydro-Generating Company - RusHydro

MISX:HYDR

₽349.7b

IDACORP

NYSE:IDA

US$6.3b

CPFL Energia

BOVESPA:CPFE3

R$38.0b

HK Electric Investments and HK Electric Investments

SEHK:2638

HK$46.0b

Price History & Performance

Summary of all time highs, changes and price drops for Companhia Energética de Minas Gerais - CEMIG
Historical stock prices
Current Share Price	R$39.47
52 Week High	R$40.62
52 Week Low	R$29.15
Beta	0.82
11 Month Change	-2.83%
3 Month Change	-1.35%
1 Year Change	9.48%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-4.15%

Recent updates

Shareholder Returns

	CIG N	MX Electric Utilities	MX Market
7D	0%	-0.4%	-1.0%
1Y	9.5%	0.1%	-3.3%

Return vs Industry: CIG N exceeded the MX Electric Utilities industry which returned 0.1% over the past year.

Return vs Market: CIG N exceeded the MX Market which returned -3.3% over the past year.

Price Volatility

Is CIG N's price volatile compared to industry and market?
CIG N volatility
CIG N Average Weekly Movement	n/a
Electric Utilities Industry Average Movement	2.9%
Market Average Movement	4.0%
10% most volatile stocks in MX Market	6.1%
10% least volatile stocks in MX Market	2.6%

Stable Share Price: CIG N's share price has been volatile over the past 3 months compared to the MX market.

Volatility Over Time: Insufficient data to determine CIG N's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1952	4,918	Reynaldo Filho	www.cemig.com.br

Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2023, the company operated 57 hydro plants with a total capacity of 5,010.4 MW, 9 wind farms with a total capacity of 175.7 MW, and 2 photovoltaic power stations with a total capacity of 3.9 MW; 344,006 miles of distribution lines; and 4,653 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities.

Companhia Energética de Minas Gerais - CEMIG Fundamentals Summary

How do Companhia Energética de Minas Gerais - CEMIG's earnings and revenue compare to its market cap?
CIG N fundamental statistics
Market cap	Mex$129.26b
Earnings (TTM)	Mex$28.42b
Revenue (TTM)	Mex$137.05b

4.2x

P/E Ratio

0.9x

P/S Ratio

Is CIG N overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CIG N income statement (TTM)
Revenue	R$38.60b
Cost of Revenue	R$31.89b
Gross Profit	R$6.71b
Other Expenses	-R$1.29b
Earnings	R$8.01b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.80
Gross Margin	17.39%
Net Profit Margin	20.74%
Debt/Equity Ratio	50.4%

How did CIG N perform over the long term?

See historical performance and comparison

Dividends

9.3%

Current Dividend Yield

39%

Payout Ratio

Companhia Energética de Minas Gerais - CEMIG BMV:CIG N Stock Report