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Companhia Energetica de Minas Gerais S.A. (CIG)

Stock Price: $2.42 USD 0.01 (0.41%)
Updated November 27, 1:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 2.45B
Revenue (ttm) 6.35B
Net Income (ttm) 781.75M
Shares Out 191.26M
EPS (ttm) 0.21
PE Ratio 11.52
Forward PE 7.16
Dividend $0.06
Dividend Yield 2.48%

Stock Quote

Trading Day November 27
Last Price $2.42
Previous Close $2.41
Change ($) 0.01
Change (%) 0.41%
Day's Open 2.33
Day's Range 2.33 - 2.44
Day's Volume 11,072,327
52-Week Range 1.23 - 3.60

More Stats

Market Cap 2.45B
Enterprise Value 5.89B
Earnings Date (est) Jan 1, 1970
Ex-Dividend Date Oct 2, 2020
Shares Outstanding 191.26M
Float n/a
EPS (basic) n/a
EPS (diluted) 0.21
FCF / Share 0.84
Dividend $0.06
Dividend Yield 2.48%
Earnings Yield 8.68%
FCF Yield 52.41%
Payout Ratio 21.40%
Shares Short 11.75M
Short Ratio 3.25
Short % of Float n/a
Beta 0.96
PE Ratio 11.52
Forward PE 7.16
P/FCF Ratio 1.91
PS Ratio 0.39
PB Ratio 1.12
Revenue 6.35B
Operating Income 727.75M
Net Income 781.75M
Free Cash Flow 1.28B
Net Cash -3.44B
Net Cash / Share -3.41
Gross Margin 22.81%
Operating Margin 11.47%
Profit Margin 12.30%
FCF Margin 20.19%
ROA 4.80%
ROE 11.76%
ROIC 15.50%
Key stats in USD, based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (8)

Buy 5
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$2.62*
(8.26% upside)
Low
2.38
Current: $2.42
High
3.12
Target: 2.62
*Average 12-month USD price target from 8 stock analysts.

Financial Performance

Financial numbers in millions BRL.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue25,39022,26621,71218,77321,86819,59514,62714,13712,39313,790
Revenue Growth14.03%2.55%15.66%-14.15%11.6%33.96%3.47%14.07%-10.13%-
Gross Profit5,7924,5894,2244,3436,0856,7934,7794,4424,3864,790
Operating Income2,9112,8462,8942,8693,5815,1473,3962,6103,2653,559
Net Income3,1271,7001,0013342,4693,1373,1044,2722,4152,258
Shares Outstanding1,5191,5191,3111,3111,3111,1611,3101,3101,3101,310
Earnings Per Share2.061.120.360.071.882.392.373.271.841.73
EPS Growth82.83%216.62%429.85%-96.44%-21.28%0.84%-27.37%77.11%6.84%-
Dividend Per Share0.110.170.070.220.211.300.631.740.930.82
Dividend Growth-36.78%135.14%-66.36%4.27%-83.78%106.18%-63.65%87.07%13.59%-
Operating Cash Flow5,1973,2892,6033,8715,0805,8235,2844,5825,3043,376
Capital Expenditures-70.00-77.00-83.00-120-126-122-69.00-109-95.00-347
Free Cash Flow5,1273,2122,5203,7514,9545,7015,2154,4735,2093,029
Cash & Equivalents1,2881,6862,1942,3763,3521,8813,1352,7092,4633,316
Total Debt15,06514,77214,39815,17915,16713,5099,45710,41610,50413,226
Net Cash / Debt-13,777-13,086-12,204-12,803-11,815-11,628-6,322-7,707-8,041-9,910
Assets49,92659,85542,24042,03640,85735,00029,81432,57029,62133,474
Liabilities34,03543,91627,91029,10227,86923,71517,17621,02017,95521,998
Book Value15,88714,57914,32612,93012,98411,28112,63811,55011,66611,476
Numbers in millions BRL, except per-share numbers.

Company Profile

Company Details

Full Name Companhia Energetica de Minas Gerais S.A.
Country Brazil
Employees 5,363
CEO Reynaldo Passanezi Filho

Stock Information

Ticker Symbol CIG
Stock Exchange New York Stock Exchange
Sector Utilities
Industry Utilities—Diversified
Unique Identifier NYSE: CIG

Description

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2019, the company operated 80 hydroelectric, thermoelectric, and wind and solar plants with an installed capacity of 6,000 MW; 4,134 km of transmission lines; and 335,421 km of distribution lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; 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 founded in 1952 and is headquartered in Belo Horizonte, Brazil.