Companhia Energetica de Minas Gerais S.A. (CIG)
| Market Cap | 4.08B |
| Revenue (ttm) | 4.85B |
| Net Income (ttm) | 550.77M |
| Shares Out | 1.69B |
| EPS (ttm) | 0.32 |
| PE Ratio | 6.87 |
| Forward PE | 7.69 |
| Dividend | $0.88 |
| Dividend Yield | 39.59% |
| Trading Day | May 10 |
| Last Price | $2.22 |
| Previous Close | $2.24 |
| Change ($) | -0.02 |
| Change (%) | -0.89% |
| Day's Open | 2.23 |
| Day's Range | 2.20 - 2.26 |
| Day's Volume | 4,353,369 |
| 52-Week Range | 1.16 - 2.85 |
Profitability has dropped a lot this year but expectations remain strong going forward. Assets have been shrinking on the balance sheet but cash flow generation remains strong.
Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q3 2020 Results - Earnings Call Transcript
Four out of thirty-seven Brazilian ADRs scored five out of five on the dividend binomial test and they have an equalweight average 2022 forward dividend yield of 7.6%.
One way to discover value opportunities is to screen the market for stocks trading below the Graham Number, as such stocks could be trading below their intrinsic value.
CEMIG: An Ex-High-Yielding Brazilian Utility That Is Best Avoided For Now
Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q2 2020 Results - Earnings Call Transcript
Sometimes, stocks go up for no reason -- or even for a bad reason.
Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q1 2020 Results - Earnings Call Transcript
Brazil is the new COVID-19 hot spot.
Companhia Energética de Minas Gerais (CIG) Management on Q3 2019 Results - Earnings Call Transcript
About CIG
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2020, the company operated 89 hydroelectric, wind, and solar plants with an installed capacity of 6,000 MW; 339,086 miles of distribution lines; and as of January 27, 2021, it operated 4,374 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 infrastruct... [Read more...]
| Industry Utilities-Diversified | Founded 1952 |
| CEO Reynaldo Filho | Employees 5,254 |
| Stock Exchange NYSE | Ticker Symbol CIG |
Financial Performance
In 2020, CIG's revenue was 25.23 billion, a decrease of -1.01% compared to the previous year's 25.49 billion. Earnings were 2.86 billion, a decrease of -10.33%.
Analyst Forecasts
According to 3 analysts, the average rating for CIG stock is "Strong Buy." The 12-month stock price forecast is 2.90, which is an increase of 30.63% from the latest price.