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Companhia Energetica de Minas Gerais CEMIG Pref ADR (CIG)

Upturn stock ratingUpturn stock rating
$2
Last Close (24-hour delay)
Profit since last BUY9.89%
upturn advisory
Consider higher Upturn Star rating
BUY since 43 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

07/03/2025: CIG (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

3 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $1.87

1 Year Target Price $1.87

Analysts Price Target For last 52 week
$1.87 Target price
52w Low $1.52
Current$2
52w High $2.02

Analysis of Past Performance

Type Stock
Historic Profit -18.71%
Avg. Invested days 39
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/03/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 6.60B USD
Price to earnings Ratio 4.44
1Y Target Price 1.87
Price to earnings Ratio 4.44
1Y Target Price 1.87
Volume (30-day avg) 3
Beta 0.55
52 Weeks Range 1.52 - 2.02
Updated Date 07/5/2025
52 Weeks Range 1.52 - 2.02
Updated Date 07/5/2025
Dividends yield (FY) 11.15%
Basic EPS (TTM) 0.45

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 17.25%
Operating Margin (TTM) 14.44%

Management Effectiveness

Return on Assets (TTM) 8.19%
Return on Equity (TTM) 26.27%

Valuation

Trailing PE 4.44
Forward PE 9.6
Enterprise Value 8368883599
Price to Sales(TTM) 0.16
Enterprise Value 8368883599
Price to Sales(TTM) 0.16
Enterprise Value to Revenue 1.12
Enterprise Value to EBITDA 3.94
Shares Outstanding 1904080000
Shares Floating 2373107263
Shares Outstanding 1904080000
Shares Floating 2373107263
Percent Insiders -
Percent Institutions 8.39

ai summary icon Upturn AI SWOT

Companhia Energetica de Minas Gerais CEMIG Pref ADR

stock logo

Company Overview

overview logo History and Background

Companhia Energetica de Minas Gerais (CEMIG) was founded in 1952. It's a Brazilian power company operating in generation, transmission, and distribution. It has evolved into one of the largest integrated energy companies in Brazil.

business area logo Core Business Areas

  • Generation: CEMIG generates electricity through hydroelectric, thermal, wind, and solar power plants.
  • Transmission: CEMIG operates a vast transmission network, delivering electricity across Minas Gerais and beyond.
  • Distribution: CEMIG distributes electricity to residential, commercial, and industrial customers in its concession area.
  • Gas: CEMIG also has natural gas distribution assets through its GasMig subsidiary

leadership logo Leadership and Structure

CEMIG's leadership includes a Board of Directors and an executive management team. The company has a hierarchical organizational structure, reflecting its size and complexity. Management changes are frequent with government changes.

Top Products and Market Share

overview logo Key Offerings

  • Electricity Generation: CEMIG generates electricity through a diverse portfolio of power plants. Competitors include Eletrobras, Engie Brasil Energia, and CPFL Energia. Market share varies regionally and by energy source; difficult to accurately assess overall share in US. Difficult to quantify revenue from electricity generation.
  • Electricity Distribution: CEMIG distributes electricity to millions of customers in Minas Gerais. Competitors are other regional distributors, though CEMIG dominates its concession area. Exact market share is close to 100% in its concession area. Difficult to quantify revenue from electricity distribution.
  • Natural Gas Distribution: CEMIG distributes natural gas through its GasMig subsidiary. The biggest competitor is committed to providing the city with clean energy through biogas solutions with Gasmig; a contract that extends until 2037.

Market Dynamics

industry overview logo Industry Overview

The Brazilian electricity market is undergoing liberalization and modernization. Increasing demand for renewable energy sources and infrastructure development is expected. Brazil's power sector growth is impacted by economic cycles and regulatory changes.

Positioning

CEMIG is a major player in the Brazilian energy sector. Its diversified portfolio and extensive infrastructure give it a strong competitive position. It faces challenges from privatization pressures and regulatory uncertainty.

Total Addressable Market (TAM)

The total addressable market for electricity in Brazil is estimated to be worth tens of billions of US dollars annually. CEMIG is well-positioned to capture a significant share of this market, particularly in the Minas Gerais region. Growing demand requires huge capital investment.

Upturn SWOT Analysis

Strengths

  • Diversified generation portfolio
  • Extensive transmission and distribution network
  • Strong regional presence
  • Experienced workforce

Weaknesses

  • Exposure to regulatory changes
  • High debt levels
  • Political interference
  • Dependence on hydroelectric power

Opportunities

  • Expansion of renewable energy capacity
  • Infrastructure development projects
  • Privatization of state-owned assets
  • Increased electricity demand

Threats

  • Economic downturns
  • Competition from other energy companies
  • Hydrological risks (droughts)
  • Regulatory uncertainty

Competitors and Market Share

competitor logo Key Competitors

  • EBR (Eletrobras)
  • ENGIY (Engie Brasil Energia)
  • CPFL (CPFL Energia) - (Indirectly via State Grid)

Competitive Landscape

CEMIG's advantages include its established infrastructure and regional presence. Disadvantages include regulatory risks and political interference. Competitors include large Brazilian energy companies and international players.

Major Acquisitions

Luzlink

  • Year: 2022
  • Acquisition Price (USD millions): 45
  • Strategic Rationale: Expand CEMIG's presence in the distributed generation market and strengthen its renewable energy portfolio.

Growth Trajectory and Initiatives

Historical Growth: Historical growth data requires current financial data.

Future Projections: Future projections data requires current analyst estimates.

Recent Initiatives: Recent initiatives data requires current company announcements.

Summary

CEMIG is a major Brazilian energy company with a strong presence in Minas Gerais. Its diversified generation portfolio and extensive infrastructure are strengths. However, it faces regulatory risks, political interference, and high debt levels. Managing these challenges and capitalizing on growth opportunities will be crucial for its long-term success.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • Analyst estimates
  • News articles

Disclaimers:

The analysis is based on available information and involves certain assumptions. Actual results may differ. This is not financial advice.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Companhia Energetica de Minas Gerais CEMIG Pref ADR

Exchange NYSE
Headquaters Belo Horizonte, MG, Brazil
IPO Launch date 1996-11-18
CEO, President & Member of Executive Board Mr. Reynaldo Passanezi Filho
Sector Utilities
Industry Utilities - Diversified
Full time employees 5028
Full time employees 5028

Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2023, the company operated 57 hydro plants with a total capacity of 5,010.4 MW, 9 wind farms with a total capacity of 175.7 MW, and 2 photovoltaic power stations with a total capacity of 3.9 MW; 344,006 miles of distribution lines; and 4,653 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; 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.