Companhia Energética de Minas Gerais

$ 2.05 -0.49 %

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.

CEO: Reynaldo Passanezi Filho - https://www.cemig.com.br

Price objectif

$2.1 2.44 %

Recommandation

Buy

DCF

$ 15.67

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CIG vs S&P500

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Quick ratio

0.93

indicates that the company may have difficulty covering its short-term debts with its readily available assets.

P/E ratio

6.21

may indicate that the company is undervalued or has poor growth prospects.

EPS

0.33

is the net profit of a company divided by the number of outstanding shares, indicating the profit earned per share.

ROE

16.88 %

reflects reasonable profitability, showing good use of equity.

ROIC

7.79 %

generates a return higher than the cost of its capital, thereby creating value for its investors.

WACC

5.68

is a company's average cost of capital, weighted by the proportion of debt and equity in its financing. It represents the minimum return the company must generate to satisfy its investors.

Debt-to-Equity Ratio

0.69

indicates that the company uses more equity than debt, suggesting prudent management.

Free cash flow per share

1.11

is a measure of a company's financial flexibility that is determined by dividing free cash flow by the total number of shares outstanding.

Dividend payout ratio

82.03 %

indicates that the company is retaining a large portion of its profits to reinvest in growth

Earnings per share

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Financials

Piotroski score
5 indicates moderate financial health
Altman score
1.28 indicates a high risk of bankruptcy
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Cash / Debt

Cash Ratio
0.09 indicates liquidity risk, as the company may not have enough cash to meet its immediate obligations
Debt Ratio
0.29 indicates that the company uses little debt to finance its assets, suggesting good financial stability
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Free Cash Flow

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Earnings Per Share (annual)

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Sales

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