Companhia Energética de Minas Gerais - CEMIG

NYSE:CIG Stock Report

Market Cap: US$5.9b

Companhia Energética de Minas Gerais - CEMIG Past Earnings Performance

Past criteria checks 6/6

Companhia Energética de Minas Gerais - CEMIG has been growing earnings at an average annual rate of 21.5%, while the Electric Utilities industry saw earnings growing at 6.7% annually. Revenues have been growing at an average rate of 10.3% per year. Companhia Energética de Minas Gerais - CEMIG's return on equity is 28.5%, and it has net margins of 20.7%.

Key information

21.5%

Earnings growth rate

21.5%

EPS growth rate

Electric Utilities Industry Growth6.3%
Revenue growth rate10.3%
Return on equity28.5%
Net Margin20.7%
Next Earnings Update08 May 2025

Recent past performance 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

Revenue & Expenses Breakdown

How Companhia Energética de Minas Gerais - CEMIG makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:CIG Revenue, expenses and earnings (BRL Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2438,5998,0051,0400
30 Jun 2437,8775,9621,0620
31 Mar 2437,2615,5199750
31 Dec 2336,8505,7649020
30 Sep 2336,6465,2859250
30 Jun 2336,4435,2307820
31 Mar 2335,2624,0359000
31 Dec 2234,4634,0929380
30 Sep 2234,3663,6498210
30 Jun 2234,6682,8889820
31 Mar 2234,3834,7847360
31 Dec 2133,6463,7517200
30 Sep 2131,2544,0618410
30 Jun 2128,1504,2196170
31 Mar 2126,2963,3557400
31 Dec 2025,2282,8647820
30 Sep 2024,4502,1567160
30 Jun 2024,0991,0719890
31 Mar 2025,6162,1049270
31 Dec 1925,4872,9709360
30 Sep 1924,4733,1219690
30 Jun 1924,6543,8579370
31 Mar 1923,2441,7101,0110
31 Dec 1822,2661,3781,0040
30 Sep 1823,3521,2661,0400
30 Jun 1822,2369529750
31 Mar 1821,8341,1231,0960
31 Dec 1721,7121,0011,0770
30 Sep 1719,820911,0960
30 Jun 1719,5796081,2160
31 Mar 1719,1326721,1230
31 Dec 1618,7733341,1520
30 Sep 1619,6669241,1830
30 Jun 1619,6446571,1320
31 Mar 1620,4729891,1000
31 Dec 1521,8682,4699890
30 Sep 1522,6393,3029500
30 Jun 1521,5643,1649370
31 Mar 1520,6793,3718980
31 Dec 1419,5403,1379010
30 Sep 1417,1732,8529760
30 Jun 1416,9223,6128280
31 Mar 1415,6603,4899010
31 Dec 1314,6273,1041,0570

Quality Earnings: CIG has high quality earnings.

Growing Profit Margin: CIG's current net profit margins (20.7%) are higher than last year (14.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CIG's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: CIG's earnings growth over the past year (51.5%) exceeds its 5-year average (21.5% per year).

Earnings vs Industry: CIG earnings growth over the past year (51.5%) exceeded the Electric Utilities industry 13.4%.

Return on Equity

High ROE: CIG's Return on Equity (28.5%) is considered high.

Return on Assets

Return on Capital Employed

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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

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.

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