Companhia Energética de Minas Gerais - CEMIG

NYSE:CIG Stock Report

Market Cap: US$5.9b

Companhia Energética de Minas Gerais - CEMIG Future Growth

Future criteria checks 0/6

Companhia Energética de Minas Gerais - CEMIG's earnings are forecast to decline at 28.1% per annum while its annual revenue is expected to grow at 0.8% per year. EPS is expected to decline by 30.7% per annum. Return on equity is forecast to be 14.8% in 3 years.

Key information

-28.1%

Earnings growth rate

-30.7%

EPS growth rate

Electric Utilities earnings growth9.3%
Revenue growth rate0.8%
Future return on equity14.8%
Analyst coverage

Good

Last updated17 Dec 2024

Recent future growth updates

Recent updates

Cemig: A Solid Pick For Dividends In Brazil

Sep 04

CEMIG Q1: Lukewarm Results And Few Updates Regarding Risks

May 24

CEMIG: Remote Chance Of Federalization Opens Up A Great Buying Point

Mar 26

Cemig: A DCF Evaluation With Limited Upside Pre-Privatization

Oct 10

Cemig: Neutral Outlook Amidst Privatization Uncertainties

Jul 13

Companhia Energética de Minas Gerais: Interesting Energy Play To Watch

Sep 12

Companhia Energética de Minas Gerais revenue of R$8.21B

Aug 15

Companhia Energetica: Strong Return On Capital Performer

Jul 28

Companhia Energetica: Low Priced Stock Brings Opportunity

Jan 01

Companhia Energética de Minas Gerais 2020 Q3 - Results - Earnings Call Presentation

Nov 17

Earnings and Revenue Growth Forecasts

NYSE:CIG - Analysts future estimates and past financials data (BRL Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202638,8584,1647797,6918
12/31/202538,1234,2986736,71310
12/31/202436,9256,8362,57310,75210
9/30/202438,5998,0051,2706,558N/A
6/30/202437,8775,9621,4916,824N/A
3/31/202437,2615,5192,1137,329N/A
12/31/202336,8505,7641,7026,644N/A
9/30/202336,6465,2851,1695,697N/A
6/30/202336,4435,2302,1346,281N/A
3/31/202335,2624,0352,8016,522N/A
12/31/202234,4634,0923,1396,544N/A
9/30/202234,3663,6493,1946,194N/A
6/30/202234,6682,8881,3673,764N/A
3/31/202234,3834,7841,7723,895N/A
12/31/202133,6463,7511,6523,683N/A
9/30/202131,2544,0613,0354,836N/A
6/30/202128,1504,2195,6377,325N/A
3/31/202126,2963,3555,2796,899N/A
12/31/202025,2282,8647,0728,609N/A
9/30/202024,4502,1566,2867,721N/A
6/30/202024,0991,0712,9775,160N/A
3/31/202025,6162,1041,8623,896N/A
12/31/201925,4872,9701102,037N/A
9/30/201924,4733,121-4541,381N/A
6/30/201924,6543,8571,2142,100N/A
3/31/201923,2441,7101,1411,997N/A
12/31/201822,2661,3781301,008N/A
9/30/201823,3521,266-1,613-787N/A
6/30/201822,236952N/A-1,196N/A
3/31/201821,8341,123N/A-322N/A
12/31/201721,7121,001N/A580N/A
9/30/201719,82091N/A3,128N/A
6/30/201719,579608N/A2,867N/A
3/31/201719,132672N/A2,589N/A
12/31/201618,773334N/A1,213N/A
9/30/201619,666924N/A847N/A
6/30/201619,644657N/A2,150N/A
3/31/201620,472989N/A1,827N/A
12/31/201521,8682,469N/A3,007N/A
9/30/201522,6393,302N/A2,874N/A
6/30/201521,5643,164N/A2,521N/A
3/31/201520,6793,371N/A3,448N/A
12/31/201419,5403,137N/A3,734N/A
9/30/201417,1732,852N/A4,110N/A
6/30/201416,9223,612N/A3,759N/A
3/31/201415,6603,489N/A3,759N/A
12/31/201314,6273,104N/A3,515N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIG's earnings are forecast to decline over the next 3 years (-28.1% per year).

Earnings vs Market: CIG's earnings are forecast to decline over the next 3 years (-28.1% per year).

High Growth Earnings: CIG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CIG's revenue (0.8% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: CIG's revenue (0.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CIG's Return on Equity is forecast to be low in 3 years time (14.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 23:19
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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.

AnalystInstitution
Alexandre Ulm de FreitasAgora Senior
Felipe MattarBarclays
Arthur PereiraBofA Global Research