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	4/6
Future Growth	0/6
Past Performance	6/6
Financial Health	5/6
Dividends	4/6

Rewards

Trading at 64.9% below our estimate of its fair value

Earnings grew by 51.5% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 28.7% per year for the next 3 years

Shares are highly illiquid

Dividend of 10.08% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Companhia Energética de Minas Gerais - CEMIG Competitors

Federal Hydro-Generating Company - RusHydro

MISX:HYDR

₽349.7b

IDACORP

NYSE:IDA

US$5.8b

CPFL Energia

BOVESPA:CPFE3

R$36.7b

HK Electric Investments and HK Electric Investments

SEHK:2638

HK$47.0b

Price History & Performance

Summary of share price highs, lows and changes for Companhia Energética de Minas Gerais - CEMIG
Historical stock prices
Current Share Price	R$35.92
52 Week High	R$40.62
52 Week Low	R$29.55
Beta	0.81
1 Month Change	-8.99%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-12.77%

Recent updates

Shareholder Returns

	CIG N	MX Electric Utilities	MX Market
7D	0%	0.2%	-0.5%
1Y	n/a	-7.5%	-12.0%

Return vs Industry: Insufficient data to determine how CIG N performed against the MX Electric Utilities industry.

Return vs Market: Insufficient data to determine how CIG N performed against the MX Market.

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	3.4%
Market Average Movement	4.0%
10% most volatile stocks in MX Market	6.3%
10% least volatile stocks in MX Market	2.7%

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$114.96b
Earnings (TTM)	Mex$26.74b
Revenue (TTM)	Mex$128.93b

3.9x

P/E Ratio

0.8x

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

May 08, 2025

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

10.1%

Current Dividend Yield

39%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/09 14:14
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Companhia Energética de Minas Gerais - CEMIG is covered by 28 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alexandre Ulm de Freitas	Agora Senior
Felipe Mattar	Barclays
Arthur Pereira	BofA Global Research

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