Full text
Earnings transcript
Read the complete earnings call transcript.
CIG
CIG
Companhia Energética de Minas Gerais
$2.14
-0.01
(-0.47%)
| Exchange: | NYSE |
| Market Cap: | 6.122B |
| Shares Outstanding: | 1.864B |
Delayed data
About The Company
| Sector: | UtilitiesView sector performance | |||||
| Industry: | Regulated ElectricView industry performance | |||||
| CEO: | Reynaldo Passanezi Filho | |||||
| Full Time Employees: | 5320 | |||||
| Address: |
| |||||
| Website: | https://www.cemig.com.br |
Companhia Energética de Minas Gerais (CIG) is a prominent Brazilian energy company whose operations, conducted through its various subsidiaries, span the entire electricity value chain: generation, transmission, distribution, and retail. As of December 31, 2021, CIG’s substantial infrastructure included 70 hydroelectric, wind, and solar power plants with a collective installed capacity of 5,700 megawatts. Its extensive network also featured 339,086 miles of distribution lines and 4,449 miles of transmission lines. Beyond its core electricity business, the company is active in the gas sector, handling the acquisition, transportation, and distribution of natural gas and its derivatives. Furthermore, CIG offers a diverse range of technology services, including cloud solutions, IT infrastructure and management, cybersecurity, and specialized systems for the operational oversight of public service concessions. Its portfolio extends to energy trading, telecommunications services, distributed generation initiatives, client account services, cogeneration projects, energy efficiency programs, and comprehensive supply and storage management. Established in 1952, Companhia Energética de Minas Gerais maintains its corporate headquarters in Belo Horizonte, Brazil.
Click to read more…
Revenue Segmentation
CIG full analysis
Hey everyone, welcome back to MarketSnap. Cemig has one of the most compelling setups in emerging markets right now — an eleven percent dividend yield, a monopoly utility in Brazil's third-largest state, and a stock trading at a single-digit earnings multiple. That's exactly what makes it dangerous. So today we're skipping the pitch deck and running the numbers — the financials, the cash flow, the balance sheet, and a MarketSnap valuation pass — to see whether this story actually matches…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
 CIG | Companhia Energética de Minas Gerais | 6.1B | 10.9 | 7.3 | 8.1% |
 CMSD | CMS Energy Corporation 5.875% Junior S… | 6.3B | 19.9 | 5.3 | 3.4% |
 CMSC | CMS Energy Corporation 5.875% J | 6.3B | 19.9 | 5.4 | 3.4% |
 ENIC | Enel Chile S.A. | 5.8B | 10.7 | 9,387 | 5.8% |
 TXNM | TXNM Energy, Inc. | 6.5B | 32.0 | 20.0 | 3.8% |
 POR | Portland General Electric Company | 5.5B | 21.1 | 13.9 | 3.7% |
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 36,850,000 | 39,820,000 | 42,751,000 |
| Gross Profit | 8,384,000 | 7,830,000 | 7,237,000 |
| EBITDA | 9,152,000 | 11,742,000 | 8,706,000 |
| Operating Income | 6,213,000 | 7,492,000 | 6,328,000 |
| Net Income | 5,764,000 | 7,117,000 | 4,897,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 55,000,000 | 59,726,000 | 66,994,438 |
| Total Liabilities | 30,344,000 | 32,344,000 | 38,427,079 |
| Total Stockholders Equity | 24,650,000 | 27,377,000 | 28,562,039 |
| Total Debt | 10,264,000 | 12,709,000 | 19,872,582 |
| Cash and Cash Equivalents | 1,537,000 | 1,898,000 | 1,900,682 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 6,644,278 | 5,496,000 | 3,996,457.831 |
| Capital Expenditure | -1,263,539 | -919,000 | -685,447.842 |
| Free Cash Flow | 5,382,000 | 4,577,000 | 3,311,009.988 |
| Net Income | 5,764,273 | 7,119,000 | 4,801,208.217 |
| Net Change in Cash | 96,000 | 361,000 | 217,802.862 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 30,849,156.332 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 39,447,096.229 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 35,698,440.544 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | Research Access | Research Access | Research Access | Research Access | |
| Estimated Ebitda (High) | Research Access | Research Access | Research Access | Research Access | |
| Estimated Ebitda (Avg) | Research Access | Research Access | Research Access | Research Access | |
| Estimated Net Income (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 837,297.197 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 1,070,659.526 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 968,914.802 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 0 | Research Access | Research Access | Research Access | Research Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance in Q3 2024: As highlighted in the latest earnings call transcript, Cemig reported robust financial results for the third quarter of 2024, reflecting effective operational management and revenue growth. Key metrics such as revenue and net income likely contributed to this performance, aligning with positive industry trends in the energy sector.
- Consistent Dividend Payouts: The company emphasized during the Q3 2024 earnings call a commitment to maintaining consistent dividend payouts, supported by a balanced investment plan. This is further evidenced by a competitive dividend yield (TTM), making CIG attractive to income-focused investors.
- Operational Efficiency: High gross profit margin (TTM) and net profit margin (TTM) indicate strong cost control and profitability compared to operational expenses, positioning Cemig favorably within the utilities industry.
- Solid Liquidity Position: A favorable current ratio (TTM) and quick ratio (TTM) from the key metrics suggest that Cemig maintains adequate liquidity to cover short-term obligations, providing financial stability.
Log in with Research Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CIG valuation
Is Companhia Energética de Minas Gerais (CIG) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Companhia Energética de Minas Gerais (CIG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CIG a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CIG trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CIG’s P/E ratio?
You can see CIG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CIG?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CIG a good long-term investment?
Whether CIG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CIG
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.47
Trading Metrics:
| Open: | 2.14 | Previous Close: | 2.15 | |
| Day Low: | 2.11 | Day High: | 2.16 | |
| Year Low: | 1.87 | Year High: | 2.76 | |
| Price Avg 50: | 2.09 | Price Avg 200: | 2.19 | |
| Volume: | 6.121M | Average Volume: | 5.951M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's free
