Companhia Energética de Minas Gerais Logo

Companhia Energética de Minas Gerais

CMIG4.SA

(3.5)
Stock Price

11,61 BRL

12.8% ROA

22.83% ROE

5.03x PER

Market Cap.

29.057.860.154,00 BRL

51.23% DER

10.65% Yield

14.42% NPM

Companhia Energética de Minas Gerais Stock Analysis

Companhia Energética de Minas Gerais Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Companhia Energética de Minas Gerais Fundamental Stock Analysis
# Analysis Rating
1 ROE

The stock's ROE exceeds expectations (18.77%), revealing strong profitability and efficient use of shareholders' equity, making it an attractive investment opportunity.

2 ROA

The stock's ability to make a lot of money from its assets shows that it is very profitable, making it a good choice for people who want to invest and make a lot of money.

3 DER

The stock has a low debt to equity ratio (47%), which means it has a small amount of debt compared to the ownership it holds

4 Dividend

Investors can trust the company's impressive dividend track record, consistently distributing dividends over the past five years, showcasing a strong commitment to rewarding shareholders.

5 PBV

The stock's PBV ratio (1.29x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

6 Revenue Growth

This company's revenue has shown remarkable growth over the past three years, making it an excellent choice for seeking a consistently prosperous investment.

7 Net Profit Growth

With continuous net profit growth in the past three years, this company demonstrates a strong financial performance, making it an enticing investment opportunity.

8 Assets Growth

Over the past three years, this company's revenue has consistently grown, demonstrating a positive financial trend that makes it an appealing choice.

9 Graham Number

The Graham number of this company suggests that its stock price may be undervalued, indicating a potentially attractive investment opportunity.

10 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (134), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

11 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

Companhia Energética de Minas Gerais Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Companhia Energética de Minas Gerais Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Sell
3 RSI Hold
4 Stoch RSI Buy

Companhia Energética de Minas Gerais Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Companhia Energética de Minas Gerais Revenue
Year Revenue Growth
2000 3.756.000.000
2001 5.006.000.000 24.97%
2002 4.872.000.000 -2.75%
2003 6.032.000.000 19.23%
2004 7.654.000.000 21.19%
2005 7.513.000.000 -1.88%
2006 8.640.000.000 13.04%
2007 9.430.000.000 8.38%
2008 9.828.000.000 4.05%
2009 17.442.000.000 43.65%
2010 12.863.000.000 -35.6%
2011 15.814.227.000 18.66%
2012 18.460.375.000 14.33%
2013 14.629.000.000 -26.19%
2014 19.540.000.000 25.13%
2015 21.292.211.000 8.23%
2016 18.772.656.000 -13.42%
2017 21.711.690.000 13.54%
2018 22.266.000.000 2.49%
2019 25.390.000.000 12.3%
2020 25.228.000.000 -0.64%
2021 33.646.000.000 25.02%
2022 34.463.000.000 2.37%
2023 37.706.516.000 8.6%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Companhia Energética de Minas Gerais Research and Development Expenses
Year Research and Development Expenses Growth
2000 0
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Companhia Energética de Minas Gerais General and Administrative Expenses
Year General and Administrative Expenses Growth
2000 1.403.000.000
2001 293.000.000 -378.84%
2002 1.630.000.000 82.02%
2003 819.000.000 -99.02%
2004 0 0%
2005 0 0%
2006 1.291.000.000 100%
2007 1.024.000.000 -26.07%
2008 1.281.000.000 20.06%
2009 2.600.000.000 50.73%
2010 2.730.000.000 4.76%
2011 840.961.000 -224.63%
2012 1.280.470.000 34.32%
2013 799.000.000 -60.26%
2014 654.000.000 -22.17%
2015 674.000.000 2.97%
2016 667.000.000 -1.05%
2017 763.000.000 12.58%
2018 672.000.000 -13.54%
2019 642.000.000 -4.67%
2020 583.000.000 -10.12%
2021 572.000.000 -1.92%
2022 1.422.000.000 59.77%
2023 2.059.492.000 30.95%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Companhia Energética de Minas Gerais EBITDA
Year EBITDA Growth
2000 1.023.000.000
2001 322.000.000 -217.7%
2002 1.193.000.000 73.01%
2003 2.689.000.000 55.63%
2004 2.593.144.000 -3.7%
2005 1.992.026.000 -30.18%
2006 5.548.000.000 64.09%
2007 6.281.000.000 11.67%
2008 6.370.000.000 1.4%
2009 4.039.000.000 -57.71%
2010 5.392.000.000 25.09%
2011 6.432.007.000 16.17%
2012 7.425.700.000 13.38%
2013 5.000.657.000 -48.49%
2014 5.742.000.000 12.91%
2015 5.694.363.000 -0.84%
2016 4.443.113.000 -28.16%
2017 4.296.120.000 -3.42%
2018 3.969.959.000 -8.22%
2019 5.814.000.000 31.72%
2020 5.926.000.000 1.89%
2021 7.007.000.000 15.43%
2022 7.502.000.000 6.6%
2023 7.810.184.000 3.95%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Companhia Energética de Minas Gerais Gross Profit
Year Gross Profit Growth
2000 2.634.000.000
2001 1.519.000.000 -73.4%
2002 3.089.000.000 50.83%
2003 4.080.000.000 24.29%
2004 5.323.000.000 23.35%
2005 5.349.000.000 0.49%
2006 5.930.000.000 9.8%
2007 6.571.000.000 9.75%
2008 6.757.000.000 2.75%
2009 12.482.000.000 45.87%
2010 7.518.000.000 -66.03%
2011 5.857.403.000 -28.35%
2012 6.076.842.000 3.61%
2013 3.397.044.000 -78.89%
2014 6.738.000.000 49.58%
2015 2.974.221.000 -126.55%
2016 2.869.653.000 -3.64%
2017 3.277.593.000 12.45%
2018 3.249.374.000 -0.87%
2019 5.792.000.000 43.9%
2020 5.383.000.000 -7.6%
2021 6.723.000.000 19.93%
2022 6.812.000.000 1.31%
2023 10.651.284.000 36.05%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Companhia Energética de Minas Gerais Net Profit
Year Net Profit Growth
2000 366.000.000
2001 -719.000.000 150.9%
2002 -12.000.000 -5891.67%
2003 1.396.000.000 100.86%
2004 1.739.000.000 19.72%
2005 1.809.000.000 3.87%
2006 702.000.000 -157.69%
2007 1.618.000.000 56.61%
2008 1.753.000.000 7.7%
2009 1.861.000.000 5.8%
2010 2.258.000.000 17.58%
2011 2.415.450.000 6.52%
2012 4.271.685.000 43.45%
2013 2.954.792.000 -44.57%
2014 3.137.000.000 5.81%
2015 503.000 -623558.05%
2016 334.334.000 99.85%
2017 1.001.596.000 66.62%
2018 1.700.099.000 41.09%
2019 3.127.000.000 45.63%
2020 2.864.000.000 -9.18%
2021 3.751.000.000 23.65%
2022 4.092.000.000 8.33%
2023 4.949.228.000 17.32%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Companhia Energética de Minas Gerais Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2000 0
2001 0 0%
2002 0 0%
2003 0 0%
2004 1 0%
2005 1 0%
2006 0 0%
2007 1 0%
2008 1 0%
2009 1 100%
2010 1 0%
2011 1 0%
2012 2 50%
2013 2 -100%
2014 2 0%
2015 1 0%
2016 0 0%
2017 0 0%
2018 1 0%
2019 1 100%
2020 1 0%
2021 2 0%
2022 2 0%
2023 2 50%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Companhia Energética de Minas Gerais Free Cashflow
Year Free Cashflow Growth
2000 425.000.000
2001 397.000.000 -7.05%
2002 96.000.000 -313.54%
2003 -124.000.000 177.42%
2004 322.952.000 138.4%
2005 259.000.000 -24.69%
2006 958.000.000 72.96%
2007 1.716.000.000 44.17%
2008 1.990.000.000 13.77%
2009 423.000.000 -370.45%
2010 812.000.000 47.91%
2011 1.121.973.000 27.63%
2012 846.116.000 -32.6%
2013 2.577.000.000 67.17%
2014 2.814.000.000 8.42%
2015 1.924.000.000 -46.26%
2016 -295.000.000 752.2%
2017 -276.000.000 -6.88%
2018 131.000.000 310.69%
2019 109.000.000 -20.18%
2020 8.434.000.000 98.71%
2021 3.452.000.000 -144.32%
2022 6.321.000.000 45.39%
2023 516.000 -1224900%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Companhia Energética de Minas Gerais Operating Cashflow
Year Operating Cashflow Growth
2000 831.000.000
2001 720.000.000 -15.42%
2002 732.000.000 1.64%
2003 658.000.000 -11.25%
2004 1.538.000.000 57.22%
2005 1.770.000.000 13.11%
2006 2.286.000.000 22.57%
2007 2.836.000.000 19.39%
2008 2.961.000.000 4.22%
2009 3.505.000.000 15.52%
2010 3.457.000.000 -1.39%
2011 3.898.189.000 11.32%
2012 3.114.458.000 -25.16%
2013 3.515.000.000 11.4%
2014 3.734.000.000 5.87%
2015 3.007.000.000 -24.18%
2016 1.213.000.000 -147.9%
2017 580.000.000 -109.14%
2018 1.008.000.000 42.46%
2019 2.036.000.000 50.49%
2020 8.607.000.000 76.34%
2021 3.685.000.000 -133.57%
2022 6.613.000.000 44.28%
2023 4.767.000 -138624.56%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Companhia Energética de Minas Gerais Capital Expenditure
Year Capital Expenditure Growth
2000 406.000.000
2001 323.000.000 -25.7%
2002 636.000.000 49.21%
2003 782.000.000 18.67%
2004 1.215.048.000 35.64%
2005 1.511.000.000 19.59%
2006 1.328.000.000 -13.78%
2007 1.120.000.000 -18.57%
2008 971.000.000 -15.35%
2009 3.082.000.000 68.49%
2010 2.645.000.000 -16.52%
2011 2.776.216.000 4.73%
2012 2.268.342.000 -22.39%
2013 938.000.000 -141.83%
2014 920.000.000 -1.96%
2015 1.083.000.000 15.05%
2016 1.508.000.000 28.18%
2017 856.000.000 -76.17%
2018 877.000.000 2.39%
2019 1.927.000.000 54.49%
2020 173.000.000 -1013.87%
2021 233.000.000 25.75%
2022 292.000.000 20.21%
2023 4.251.000 -6768.97%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Companhia Energética de Minas Gerais Equity
Year Equity Growth
2000 8.162.000.000
2001 7.543.000.000 -8.21%
2002 7.442.000.000 -1.36%
2003 8.524.000.000 12.69%
2004 9.209.000.000 7.44%
2005 9.252.000.000 0.46%
2006 8.370.000.000 -10.54%
2007 8.224.000.000 -1.78%
2008 9.333.000.000 11.88%
2009 10.275.000.000 9.17%
2010 11.476.000.000 10.47%
2011 11.744.948.000 2.29%
2012 12.044.062.000 2.48%
2013 12.638.000.000 4.7%
2014 11.281.000.000 -12.03%
2015 12.995.000.000 13.19%
2016 12.930.000.000 -0.5%
2017 14.326.000.000 9.74%
2018 15.939.000.000 10.12%
2019 15.056.000.000 -5.86%
2020 17.478.000.000 13.86%
2021 19.462.000.000 10.19%
2022 21.784.000.000 10.66%
2023 24.433.000.000 10.84%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Companhia Energética de Minas Gerais Assets
Year Assets Growth
2000 12.731.000.000
2001 13.910.000.000 8.48%
2002 15.166.000.000 8.28%
2003 17.119.000.000 11.41%
2004 19.252.000.000 11.08%
2005 21.346.000.000 9.81%
2006 23.488.000.000 9.12%
2007 24.353.000.000 3.55%
2008 24.781.000.000 1.73%
2009 28.866.000.000 14.15%
2010 33.556.000.000 13.98%
2011 37.357.746.000 10.18%
2012 40.772.961.000 8.38%
2013 29.814.000.000 -36.76%
2014 35.000.000.000 14.82%
2015 40.880.000.000 14.38%
2016 42.036.000.000 2.75%
2017 42.239.000.000 0.48%
2018 59.854.000.000 29.43%
2019 49.927.000.000 -19.88%
2020 54.083.000.000 7.68%
2021 52.046.000.000 -3.91%
2022 53.671.000.000 3.03%
2023 56.164.000.000 4.44%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Companhia Energética de Minas Gerais Liabilities
Year Liabilities Growth
2000 4.567.000.000
2001 6.364.000.000 28.24%
2002 7.697.000.000 17.32%
2003 8.568.000.000 10.17%
2004 10.022.000.000 14.51%
2005 12.075.000.000 17%
2006 15.099.000.000 20.03%
2007 16.129.000.000 6.39%
2008 15.448.000.000 -4.41%
2009 18.591.000.000 16.91%
2010 22.080.000.000 15.8%
2011 25.612.798.000 13.79%
2012 28.728.899.000 10.85%
2013 17.176.000.000 -67.26%
2014 23.715.000.000 27.57%
2015 27.881.000.000 14.94%
2016 29.102.000.000 4.2%
2017 27.909.000.000 -4.27%
2018 43.915.000.000 36.45%
2019 34.871.000.000 -25.94%
2020 36.605.000.000 4.74%
2021 32.584.000.000 -12.34%
2022 31.887.000.000 -2.19%
2023 31.731.000.000 -0.49%

Companhia Energética de Minas Gerais Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
16.7
Net Income per Share
2.41
Price to Earning Ratio
5.03x
Price To Sales Ratio
0.79x
POCF Ratio
7.03
PFCF Ratio
9.54
Price to Book Ratio
1.09
EV to Sales
1.07
EV Over EBITDA
4.98
EV to Operating CashFlow
10.37
EV to FreeCashFlow
12.87
Earnings Yield
0.2
FreeCashFlow Yield
0.1
Market Cap
29,06 Bil.
Enterprise Value
39,22 Bil.
Graham Number
24.56
Graham NetNet
-9.56

Income Statement Metrics

Net Income per Share
2.41
Income Quality
2.77
ROE
0.23
Return On Assets
0.09
Return On Capital Employed
0.15
Net Income per EBT
0.82
EBT Per Ebit
0.94
Ebit per Revenue
0.19
Effective Tax Rate
0.18

Margins

Sales, General, & Administrative to Revenue
0.02
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
-0.03
Gross Profit Margin
0.22
Operating Profit Margin
0.19
Pretax Profit Margin
0.18
Net Profit Margin
0.14

Dividends

Dividend Yield
0.11
Dividend Yield %
10.65
Payout Ratio
0.37
Dividend Per Share
1.29

Operating Metrics

Operating Cashflow per Share
1.72
Free CashFlow per Share
1.39
Capex to Operating CashFlow
-0.19
Capex to Revenue
-0.02
Capex to Depreciation
-0.8
Return on Invested Capital
0.15
Return on Tangible Assets
0.13
Days Sales Outstanding
73.51
Days Payables Outstanding
43.22
Days of Inventory on Hand
5.2
Receivables Turnover
4.97
Payables Turnover
8.44
Inventory Turnover
70.18
Capex per Share
-0.33

Balance Sheet

Cash per Share
2,28
Book Value per Share
11,13
Tangible Book Value per Share
11.13
Shareholders Equity per Share
11.13
Interest Debt per Share
6.19
Debt to Equity
0.51
Debt to Assets
0.22
Net Debt to EBITDA
1.29
Current Ratio
1.3
Tangible Asset Value
9,57 Bil.
Net Current Asset Value
-17,81 Bil.
Invested Capital
0.51
Working Capital
3,20 Bil.
Intangibles to Total Assets
0.26
Average Receivables
7,46 Bil.
Average Payables
3,20 Bil.
Average Inventory
385211500
Debt to Market Cap
0.43

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Companhia Energética de Minas Gerais Dividends
Year Dividends Growth
2010 2
2011 2 50%
2012 2 0%
2013 2 0%
2014 3 0%
2015 0 0%
2016 1 0%
2017 0 0%
2018 1 0%
2019 1 0%
2020 0 0%
2021 1 100%
2022 2 50%
2023 0 0%

Companhia Energética de Minas Gerais Profile

About Companhia Energética de Minas Gerais

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
Employee
4.969
Address
Avenida Barbacena, 1200
Belo Horizonte, 30190-131

Companhia Energética de Minas Gerais Executives & BODs

Companhia Energética de Minas Gerais Executives & BODs
# Name Age
1 Mr. Marney Tadeu Antunes
Chief Distribution Officer & Member of Executive Board
70
2 Mr. Leonardo George de Magalhães
Chief Officer for Finance & Investor Relations and Member of Executive Board
70
3 Mr. Marco Da Camino Ancona Lopez Soligo
Executive Director of CemigPar & Member of Executive Board
70
4 Leonardo Felipe Mesquita
Accounting Manager
70
5 Mr. Reynaldo Passanezi Filho
Chief Executive Officer, President & Member of Executive Board
70
6 Mr. Paulo Eduardo Pereira Guimarães
Head of Corporate Finance
70
7 Cristiana Maria Fortini Pinto e Silva
Regulatory & Legal Director and Member of Management Board
70
8 Mr. Thadeu Carneiro da Silva
Chief Generation & Transmission Officer & Member of Executive Board
70
9 Daniel Perrelli Lanca
Deputy Director of Compliance, Corporate Risks & Internal Controls
70
10 Mr. Dimas Costa
Chief Trading Officer & Member of Executive Board
70

Companhia Energética de Minas Gerais Competitors