Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
CIG
HoldFLAGCompanhia Energética de Minas Gerais - CEMIG · Utilities · Brazil · $5.7B · Avg Vol: $9M/d
Companhia Energetica de Minas Gerais is a Brazilian state-controlled utility screening very cheap (V91) with modest quality, a discount that reflects the political influence inherent in state control over tariffs, capital allocation and management appointments. Nothing adverse is confirmed on accounting or solvency, so removal is not warranted. Insufficient supportive evidence to move off the default.
COMPANY DESCRIPTION
Companhia Energética de Minas Gerais (CEMIG) is one of Brazil's largest integrated utility companies, engaged in the generation, transmission, distribution, and commercialization of electricity. The company primarily serves the state of Minas Gerais, benefiting from a large customer base and regulated market conditions that provide stable revenue. Its diversified portfolio across the energy value chain ensures a robust position in the Brazilian utilities sector.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.1B | 7.1B | 7.6B | 8.2B | 10.4% | 8.5B | 6.9B | 7.2B | -6.7% |
| EPS | 0.36 | 0.39 | 0.48 | 0.33 | -2.4% | 0.32 | — | — | — |
| Shares | 2.9B | 2.9B | 2.9B | 2.9B | +0.0% | — | — | — | — |
| Debt | 2.1B | 2.0B | 2.4B | 3.8B | 22.1% | 4.4B | — | — | — |
| Equity | 4.2B | 4.7B | 5.3B | 5.5B | 9.5% | — | — | — | — |
| Op CF | 1.3B | 1.3B | 1.1B | 783.2M | -14.6% | 661.4M | — | — | — |
| Inv CF | -602.5M | -762.5M | -456.4M | -1.3B | — | — | — | — | — |
| Fin CF | -536.4M | -495.8M | -530.0M | 497.6M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of CIG are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| CIG | Companhia Energética de Minas Gerais - CEMIG(you) | $5.7B | 44 | Hold |
| ELPC | Companhia Paranaense de Energia | $8.3B | 57 | Hold |
| EQTL3.SA | Equatorial S.A. | $9.1B | 62 | Hold |
| ENGI11.SA | Energisa S.A. | $2.8B | 66 | Buy |
| TAEE11.SA | Transmissora Aliança de Energia Elétrica S.A. | $7.8B | 86 | Strong Buy |
| CPLE3.SA | Companhia Paranaense de Energia - COPEL | $8.5B | 94 | Strong Buy |
| CPFE3.SA | CPFL Energia S.A. | $9.9B | 96 | Strong Buy |
| CLSC4.SA | Centrais Elétricas de Santa Catarina S.A. | $1.1B | 99 | Strong Buy |
| CEBR5.SA | Companhia Energética de Brasília - CEB | $332M | 77 | Buy |
| COCE5.SA | Companhia Energética do Ceará - COELCE | $528M | 94 | Strong Buy |
Peer medians: ROE 14.1% · P/E 11.8x · Gross margin 35.7%