Companhia Energética de Minas Gerais(CIG) Stock Research - Grey Stern Research
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Companhia Energética de Minas Gerais (CIG) Stock Analysis

$1.76 (0.00%)

CIG Financial Performance


Use the table below to view Companhia Energética de Minas Gerais's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $1.76 -
52 Week Low $1.68 -
52 Week High $2.19 -
Market Cap $5.6 Billion 1/9
Gross Margin 23% 8/9
Profit Margin 32% 1/9
EBITDA margin 17% 8/9
Q3 - 2024 Revenue $2.1 Trillion 1/9
Q3 - 2024 Earnings $673.6 Billion 1/9
Q3 - 2024 Free Cash Flow $175.8 Billion 1/9
Trailing 4 Quarters Revenue $2.1 Trillion 1/9
Trailing 4 Quarters Earnings $674.5 Billion 1/9
Quarterly Earnings Growth 265008% 1/9
Annual Earnings Growth 65977% 1/9
Quarterly Revenue Growth 107562% 1/9
Annual Revenue Growth 28261% 1/9
Cash On Hand $751.7 Million 2/9
Short Term Debt $1.0 Billion 1/9
Long Term Debt $2.0 Billion 5/9

Companhia Energética de Minas Gerais Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Companhia Energética de Minas Gerais's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 0.01 9/9
PS 0.01 9/9
PB 0.98 7/9
PC 7.50 7/9
Liabilities to Equity 1.25 4/9
ROA 10.71 1/9
ROE 24.04 1/9
Current Ratio 1.80 5/9
Quick Ratio 0.22 3/9
Long Term Debt to Equity 0.35 8/9
Debt to Equity 0.52 8/9
Burn Rate -0.01 6/9
Cash to Cap 0.13 2/9
CCR 0.00 5/9
EV to EBITDA 0.01 9/9
EV to Revenue 0.01 9/9

Company Details

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

CEO: Mr. Reynaldo Passanezi Filho

Website: https://www.cemig.com.br

Address: Avenida Barbacena, 1200 Belo Horizonte, MG

Exchange: New York Stock Exchange

Industry: Utilities—Diversified

Companhia Energética de Minas Gerais Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Companhia Energética de Minas Gerais. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Companhia Paranaense de Energia - COPEL ELP $4.5 Billion
Black Hills Corporation BKH $4.1 Billion
Avista Corporation AVA $2.9 Billion
NorthWestern Corporation NWE $3.3 Billion
ALLETE, Inc. ALE $3.8 Billion
Otter Tail Corporation OTTR $3.3 Billion
Unitil Corporation UTL $858.8 Million
Montauk Renewables, Inc. MNTK $605.0 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
CIG Income Statements
Quarter Year Revenue Earnings
Q3 2024 R$ 10.1 Trillion R$3.3 Trillion
Q2 2024 R$ 9.4 Billion R$1.7 Billion
Q1 2024 R$ 9.1 Billion R$1.2 Billion
Q4 2023 R$ 10.0 Billion R$1.9 Billion
Q3 2023 R$ 9.4 Billion R$1.2 Billion
Q2 2023 R$ 8.8 Billion R$1.2 Billion
Q1 2023 R$ 8.6 Billion R$1.4 Billion
Q4 2022 R$ 9.8 Billion R$1.4 Billion

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CIG Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 R$3.7 Billion R$63.0 Billion R$14.6 Billion R$28.1 Billion
Q2 2024 R$1.6 Billion R$56.7 Billion R$12.1 Billion R$26.7 Billion
Q1 2024 R$2.2 Billion R$57.4 Billion R$12.0 Billion R$25.4 Billion
Q4 2023 R$1.5 Billion R$55.0 Billion R$10.3 Billion R$22.8 Billion
Q3 2023 R$2.4 Billion R$56.2 Billion R$12.5 Billion R$24.4 Billion
Q2 2023 R$2.2 Billion R$54.5 Billion R$12.2 Billion R$23.6 Billion
Q1 2023 $1.6 Billion $54.1 Billion $10.7 Billion $22.8 Billion
Q4 2022 R$1.4 Billion R$53.7 Billion R$10.9 Billion R$21.8 Billion

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CIG Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 R$856.0 Million -R$3.8 Billion R$2.1 Billion
Q2 2024 R$1.1 Billion -R$198.0 Million -R$613.2 Million
Q1 2024 R$1.5 Billion -R$152.6 Million R$639.9 Million
Q4 2023 R$1.4 Billion -R$434.1 Million -R$818.2 Million
Q3 2023 R$516,000 -R$4.3 Million R$915,000
Q2 2023 R$1.8 Billion R$0 R$582.8 Million
Q1 2023 R$226.0 Million -R$731.0 Million R$159.0 Million
Q4 2022 R$1.0 Billion R$0 -R$550.0 Million

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