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CIG-C 
Energy of Minas Gerais Co DRC (CIG-C)
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Upturn Advisory Summary
11/05/2025: CIG-C (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -11.01% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/05/2025 |
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 |
Upturn AI SWOT
Energy of Minas Gerais Co DRC
Company Overview
History and Background
Energy of Minas Gerais Co DRC (CIG) was founded in 1952 in Minas Gerais, Brazil. It has evolved from a state-owned utility into a diversified energy company with operations across generation, transmission, distribution, and natural gas. CEMIG is one of the largest integrated utilities in Brazil.
Core Business Areas
- Generation: CEMIG generates electricity through hydro, thermal, wind, and solar power plants.
- Transmission: CEMIG operates a significant transmission network, transporting electricity across Minas Gerais and other regions.
- Distribution: CEMIG distributes electricity to residential, commercial, and industrial customers in Minas Gerais.
- Natural Gas: CEMIG has investments in natural gas distribution companies.
Leadership and Structure
The company is led by CEO Reynaldo Passanezi Filho. Its organizational structure is hierarchical, with divisions for generation, transmission, distribution, and gas, overseen by a board of directors.
Top Products and Market Share
Key Offerings
- Electricity Distribution: CEMIG's electricity distribution network serves over 9 million customers in Minas Gerais. Competitors include other regional distribution companies such as Light S.A. and EDP Brasil.
- Electricity Generation: CEMIG's generation portfolio includes hydroelectric and thermal power plants. The main competitors are Eletrobras and independent power producers (IPPs).
Market Dynamics
Industry Overview
The Brazilian electricity sector is undergoing modernization with increasing private sector participation and renewable energy development. Government regulation and economic conditions heavily influence market dynamics.
Positioning
CEMIG is a major player in the Brazilian energy market, benefiting from its established infrastructure and customer base. However, it faces challenges from regulatory changes and increasing competition from private companies.
Total Addressable Market (TAM)
The TAM for electricity generation and distribution in Brazil is estimated to be in the tens of billions of USD annually. CEMIG is positioned to capture a significant share of this market.
Upturn SWOT Analysis
Strengths
- Large installed generation capacity
- Extensive distribution network
- Strong brand recognition in Minas Gerais
- Diversified energy portfolio
Weaknesses
- High debt levels
- Exposure to regulatory risks
- Operational inefficiencies
- Dependence on hydropower
Opportunities
- Expansion of renewable energy generation
- Investment in grid modernization
- Growth in electricity demand
- Privatization of state-owned assets
Threats
- Changes in government regulations
- Competition from private companies
- Economic downturns
- Hydrological risks affecting hydropower generation
Competitors and Market Share
Key Competitors
- ELET3.SA
- ENBR3.SA
- EQTL3.SA
Competitive Landscape
CEMIG faces competition in generation, transmission and distribution. It has the benefits of being established but faces stiff competition due to the regulations and competition.
Major Acquisitions
Axxiom Solar
- Year: 2017
- Acquisition Price (USD millions): 4.8
- Strategic Rationale: Expansion into solar energy generation.
Growth Trajectory and Initiatives
Historical Growth: CEMIG's growth has been influenced by economic conditions in Brazil and investments in infrastructure.
Future Projections: Analyst projections vary based on regulatory outlook and investment plans.
Recent Initiatives: Recent initiatives include investments in renewable energy projects and grid modernization.
Summary
CEMIG is a large, integrated utility company in Brazil with a strong presence in Minas Gerais. While it benefits from an established infrastructure and diversified portfolio, it faces challenges related to debt, regulation, and competition. Recent initiatives in renewable energy offer growth potential. The company's performance is closely tied to the Brazilian economy and regulatory environment, requiring vigilant risk management and strategic investments.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company reports
- Financial databases
- Industry analysis reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. Investment decisions should be based on independent research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.cemig.com.br |
Full time employees 5028 | Website https://www.cemig.com.br | ||
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.
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