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Energy of Minas Gerais Co DRC (CIG-C)

Upturn stock ratingUpturn stock rating
$2.72
Last Close (24-hour delay)
Profit since last BUY7.09%
upturn advisory
Consider higher Upturn Star rating
BUY since 29 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
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Time period over
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Upturn Advisory Summary

06/13/2025: CIG-C (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

Analysts rated it

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

1 Year Target Price $

1 Year Target Price $

Analysts Price Target For last 52 week
$Target price
Low$
Current$2.72
high$

Analysis of Past Performance

Type Stock
Historic Profit 2.2%
Avg. Invested days 31
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
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 06/13/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 6.22B USD
Price to earnings Ratio 6.27
1Y Target Price -
Price to earnings Ratio 6.27
1Y Target Price -
Volume (30-day avg) -
Beta 0.55
52 Weeks Range 1.90 - 3.31
Updated Date 06/29/2025
52 Weeks Range 1.90 - 3.31
Updated Date 06/29/2025
Dividends yield (FY) 7.93%
Basic EPS (TTM) 0.44

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 6.27
Forward PE 13.48
Enterprise Value 8055006033
Price to Sales(TTM) 0.15
Enterprise Value 8055006033
Price to Sales(TTM) 0.15
Enterprise Value to Revenue 1.09
Enterprise Value to EBITDA 3.83
Shares Outstanding 956601984
Shares Floating 2373107263
Shares Outstanding 956601984
Shares Floating 2373107263
Percent Insiders -
Percent Institutions 0.06

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Energy of Minas Gerais Co DRC

stock logo

Company Overview

overview logo History and Background

Energy of Minas Gerais Co. (Cia Energu00e9tica de Minas Gerais, CEMIG) was founded in 1952 in Minas Gerais, Brazil. It evolved from a state-owned utility to a significant integrated energy company involved in generation, transmission, and distribution. CEMIG has played a key role in the electrification of Minas Gerais.

business area logo Core Business Areas

  • Generation: CEMIG generates electricity from various sources, including hydroelectric, thermal, wind, and solar power plants.
  • Transmission: CEMIG owns and operates a vast transmission network, transporting electricity across the state of Minas Gerais and interconnected regions.
  • Distribution: CEMIG distributes electricity to residential, commercial, and industrial customers in Minas Gerais.

leadership logo Leadership and Structure

CEMIG has a board of directors overseeing the company's strategic direction. A CEO leads the executive team, managing the day-to-day operations of the various business units. The organizational structure is typical of a large utility, with divisions for generation, transmission, distribution, and finance.

Top Products and Market Share

overview logo Key Offerings

  • Electricity Generation: CEMIG generates electricity from a diverse portfolio of sources. The market share in terms of generation capacity within Minas Gerais is substantial. Competitors include other utilities operating in Brazil, such as Eletrobras. Revenue is dependent on the energy output and sales and fluctuates with regulation.
  • Market Share: Difficult to asses precise marketshare given regional regulatory variation and other players in the sector.
  • Electricity Transmission: CEMIG's transmission network facilitates the transfer of electricity. Revenue comes from grid access tariffs. Competitors are other energy transmission companies and independent system operators.
  • Market Share: Difficult to asses precise marketshare given regional regulatory variation and other players in the sector.
  • Electricity Distribution: CEMIG distributes electricity to end consumers. They service a large customer base in Minas Gerais. Competitors include other local distribution companies that may operate in specific areas, or consumers deploying their own generating systems.
  • Market Share: Difficult to asses precise marketshare given regional regulatory variation and other players in the sector.

Market Dynamics

industry overview logo Industry Overview

The Brazilian energy market is undergoing liberalization, with increasing private sector participation. There is a growing focus on renewable energy sources and grid modernization.

Positioning

CEMIG is a major player in the Brazilian energy sector, with a strong presence in Minas Gerais. Its diversified portfolio and integrated operations give it a competitive advantage. CEMIG maintains a strong relationship with the Brazilian federal and regional governments.

Total Addressable Market (TAM)

The TAM is the total electricity consumption in Brazil, valued in billions of USD annually. CEMIG's position within this TAM depends on the regulatory framework, electricity demand, and the efficiency of its operations.

Upturn SWOT Analysis

Strengths

  • Large and diverse generation portfolio
  • Extensive transmission and distribution network
  • Strong presence in Minas Gerais
  • Experienced management team

Weaknesses

  • Exposure to regulatory risks
  • High debt levels
  • Vulnerability to hydrological conditions affecting hydroelectric generation
  • Operational inefficiencies in some areas

Opportunities

  • Expansion of renewable energy capacity
  • Modernization of transmission and distribution infrastructure
  • Participation in privatization initiatives
  • Increasing electricity demand in Brazil

Threats

  • Changes in government regulations and policies
  • Economic downturns affecting electricity demand
  • Increased competition from other energy companies
  • Cybersecurity risks to grid infrastructure

Competitors and Market Share

competitor logo Key Competitors

  • EBR
  • EQT
  • ENLAY

Competitive Landscape

CEMIG benefits from its established presence in Minas Gerais, but faces competition from other large energy companies. Its competitive advantage lies in its integrated operations and diversified portfolio. Its debt is a disadvantage.

Growth Trajectory and Initiatives

Historical Growth: Unable to retrieve historical growth. Numerical Data is not readily available.

Future Projections: Unable to retrieve future projection. Numerical Data is not readily available.

Recent Initiatives: CEMIG has been investing in renewable energy projects and modernizing its grid infrastructure.

Summary

CEMIG is a major player in the Brazilian energy sector with a diversified portfolio. It has significant operations in generation, transmission, and distribution. Its main strengths are its large and diverse generation portfolio and its extensive network. It needs to carefully manage its debt levels and regulatory risks.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • Analyst estimates

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market share estimates may vary. Financial Data is not available.

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 Energy of Minas Gerais Co DRC

Exchange NYSE
Headquaters Belo Horizonte, MG, Brazil
IPO Launch date 2014-09-22
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.