Companhia Energética de Minas Gerais (CIG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Companhia Energética de Minas Gerais (CIG) stock price & volume — 10-year historical chart
Companhia Energética de Minas Gerais (CIG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Companhia Energética de Minas Gerais (CIG) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 23, 2026 | $0.13vs $0.05+138.9% | $2.2Bvs $1.9B+18.1% |
| Q2 2026 | Mar 20, 2026 | $0.13vs $0.05+138.9% | $2.2Bvs $1.9B+18.1% |
| Q4 2025 | Nov 14, 2025 | $0.05vs $0.07-24.8% | $2.0Bvs $1.6B+23.1% |
| Q3 2025 | Aug 14, 2025 | $0.08vs $0.05+54.1% | $2.0Bvs $1.8B+13.3% |
Companhia Energética de Minas Gerais (CIG) competitors in Regulated electric and gas utilities — business model, growth, and fundamentals comparison
Companhia Energética de Minas Gerais (CIG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Companhia Energética de Minas Gerais (CIG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.77B | 21.71B | 22.3B | 25.49B | 25.23B | 33.65B | 34.46B | 36.85B | 39.82B | 43.41B |
| Revenue Growth % | -14.15% | 15.66% | 2.7% | 14.29% | -1.01% | 33.37% | 2.43% | 6.93% | 8.06% | 14.86% |
| Cost of Revenue | 14.43B | 17.49B | 17.68B | 19.6B | 19.84B | 26.92B | 27.65B | 28.47B | 31.99B | 37.37B |
| Gross Profit | 4.34B▲ 0% | 4.22B▼ 2.7% | 4.62B▲ 9.4% | 5.89B▲ 27.4% | 5.38B▼ 8.6% | 6.72B▲ 24.9% | 6.81B▲ 1.3% | 8.38B▲ 23.1% | 7.83B▼ 6.6% | 6.04B▲ 0% |
| Gross Margin % | 23.13% | 19.45% | 20.73% | 23.1% | 21.34% | 19.98% | 19.77% | 22.75% | 19.66% | 13.92% |
| Gross Profit Growth % | -28.63% | -2.74% | 9.42% | 27.39% | -8.58% | 24.89% | 1.32% | 23.08% | -6.61% | - |
| Operating Expenses | 2.54B | 1.58B | 4.62B | 5.89B | 677M | -228M | 1.13B | 2.17B | 338M | -274.12M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 2.64B | 3.49B | 3.73B | 3.97B | 5.7B | 8B | 6.87B | 7.49B | 8.87B | 7.09B |
| EBITDA Margin % | 14.05% | 16.08% | 16.72% | 15.58% | 22.57% | 23.78% | 19.93% | 20.32% | 22.27% | 16.33% |
| EBITDA Growth % | -52.37% | 32.37% | 6.79% | 6.46% | 43.45% | 40.47% | -14.15% | 9.01% | 18.45% | -11.88% |
| Depreciation & Amortization | 834M | 850M | 850M | 958M | 989M | 1.05B | 1.18B | 1.27B | 1.38B | 773.06M |
| D&A / Revenue % | 4.44% | 3.91% | 3.81% | 3.76% | 3.92% | 3.12% | 3.43% | 3.46% | 3.46% | 1.78% |
| Operating Income (EBIT) | 1.8B▲ 0% | 2.64B▲ 46.5% | 2.88B▲ 9.0% | 3.01B▲ 4.6% | 4.71B▲ 56.2% | 6.95B▲ 47.7% | 5.69B▼ 18.2% | 6.21B▲ 9.3% | 7.49B▲ 20.6% | 6.32B▲ 0% |
| Operating Margin % | 9.61% | 12.17% | 12.91% | 11.82% | 18.65% | 20.66% | 16.5% | 16.86% | 18.81% | 14.55% |
| Operating Income Growth % | -61.64% | 46.45% | 8.97% | 4.62% | 56.24% | 47.71% | -18.2% | 9.27% | 20.59% | - |
| Interest Expense | 2.03B | 1.6B | 1.36B | 342.05M | 245.18M | 232.43M | 196.8M | 238.5M | 204.8M | 4M |
| Interest Coverage | 0.89x | 1.65x | 2.12x | 8.81x | 19.19x | 29.91x | 28.89x | 26.05x | 36.58x | - |
| Interest / Revenue % | 10.82% | 7.36% | 6.09% | 1.34% | 0.97% | 0.69% | 0.57% | 0.65% | 0.51% | 0.01% |
| Non-Operating Income | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -2M |
| Pretax Income | 367M▲ 0% | 1.65B▲ 348.5% | 2.01B▲ 22.2% | 4.57B▲ 127.3% | 3.8B▼ 16.8% | 4.7B▲ 23.6% | 4.12B▼ 12.3% | 6.85B▲ 66.3% | 9.36B▲ 36.6% | 4.59B▲ 0% |
| Pretax Margin % | 1.95% | 7.58% | 9.02% | 17.93% | 15.07% | 13.97% | 11.95% | 18.59% | 23.5% | 10.58% |
| Income Tax | 33M | 644M | 610M | 1.6B | 936M | 946M | 26M | 1.08B | 2.24B | 572.05M |
| Effective Tax Rate % | 8.99% | 39.13% | 30.33% | 34.99% | 24.63% | 20.13% | 0.63% | 15.82% | 23.93% | 12.45% |
| Net Income | 334M▲ 0% | 1B▲ 199.7% | 1.72B▲ 72.0% | 3.19B▲ 85.5% | 2.86B▼ 10.3% | 3.75B▲ 31.0% | 4.09B▲ 9.1% | 5.76B▲ 40.9% | 7.12B▲ 23.5% | 4.02B▲ 0% |
| Net Margin % | 1.78% | 4.61% | 7.72% | 12.53% | 11.35% | 11.15% | 11.87% | 15.64% | 17.87% | 9.26% |
| Net Income Growth % | -86.47% | 199.7% | 72.03% | 85.48% | -10.33% | 30.97% | 9.09% | 40.86% | 23.47% | -49.8% |
| EPS (Diluted) | 0.13▲ 0% | 0.35▲ 169.2% | 0.69▲ 97.1% | 1.12▲ 62.3% | 1.00▼ 10.7% | 1.31▲ 31.0% | 1.43▲ 9.2% | 2.01▲ 40.6% | 2.49▲ 23.9% | 1.40▲ 0% |
| EPS Growth % | -90% | 169.23% | 97.14% | 62.32% | -10.71% | 31% | 9.16% | 40.56% | 23.88% | -49.64% |
| EPS (Basic) | 0.13 | 0.35 | 0.69 | 1.12 | 1.00 | 1.31 | 1.43 | 2.01 | 2.49 | - |
| Diluted Shares Outstanding | 2.54B | 2.86B | 2.45B | 2.86B | 2.86B | 2.86B | 2.86B | 2.86B | 2.86B | 2.86B |
Companhia Energética de Minas Gerais (CIG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 42.04B | 42.24B | 60.34B | 50.53B | 54.08B | 52.05B | 53.67B | 55B | 59.73B | 64.75B |
| Asset Growth % | 2.89% | 0.49% | 42.85% | -16.26% | 7.04% | -3.77% | 3.12% | 2.48% | 8.59% | 34.36% |
| PP&E (Net) | 3.77B | 2.76B | 2.66B | 2.73B | 2.62B | 2.65B | 2.74B | 3.65B | 4.1B | 4.4B |
| PP&E / Total Assets % | 8.98% | 6.54% | 4.41% | 5.4% | 4.84% | 5.08% | 5.1% | 6.64% | 6.87% | 6.79% |
| Total Current Assets | 8.29B | 8.54B | 27.97B | 10.35B | 15.46B | 12.95B | 13.46B | 11.87B | 12.23B | 13.33B |
| Cash & Equivalents | 995M | 1.03B | 891M | 536M | 1.68B | 825M | 1.44B | 1.54B | 1.9B | 1.45B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 49M | 38M | 36M | 39M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 1.1B | 736M | 20.23B | 2.51B | 5.05B | 862M | 889M | 1.36B | 1.42B | 4.32B |
| Long-Term Investments | 13.76B | 14.43B | 9.16B | 9.17B | 9.98B | 10.43B | 10.18B | 10.36B | 10.24B | 27.3B |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 10.82B | 11.16B | 10.78B | 11.62B | 11.81B | 12.95B | 14.62B | 15.25B | 16.81B | 26.07B |
| Other Assets | 3.6B | 3.49B | 7.63B | 14.22B | 11.77B | 10.61B | 9.55B | 10.83B | 14.02B | 17.72B |
| Total Liabilities | 29.1B | 27.91B | 44.26B | 34.42B | 36.6B | 32.58B | 31.89B | 30.34B | 32.34B | 36.02B |
| Total Debt | 15.18B | 14.4B | 14.77B | 15.06B | 15.25B | 11.61B | 10.94B | 10.26B | 12.71B | 15.84B |
| Net Debt | 14.18B | 13.37B | 13.88B | 14.53B | 13.57B | 10.78B | 9.49B | 8.73B | 10.81B | 14.38B |
| Long-Term Debt | 10.34B | 12.03B | 12.57B | 12.03B | 12.96B | 9.9B | 9.63B | 7.2B | 9.4B | 12.43B |
| Short-Term Borrowings | 4.84B | 2.37B | 2.2B | 2.75B | 2.06B | 1.47B | 955M | 2.63B | 2.88B | 2.98B |
| Capital Lease Obligations | 0 | 0 | 0 | 288M | 227M | 244M | 354M | 433M | 429M | 1.7B |
| Total Current Liabilities | 11.45B | 8.66B | 23.44B | 7.96B | 9.69B | 10.69B | 11.2B | 13.09B | 14.14B | 14.88B |
| Accounts Payable | 1.94B | 2.34B | 1.8B | 2.08B | 2.36B | 2.92B | 3.29B | 3.72B | 4.2B | 5.04B |
| Accrued Expenses | 692M | 635M | 1.15B | 944M | 1.66B | 2.13B | 2.12B | 3.16B | 3.83B | 13.04B |
| Deferred Revenue | 181M | 233M | 79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.97B | 2.26B | 17.65B | 1.56B | 2.47B | 2.69B | 2.5B | 1.89B | 1.74B | 4.4B |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 3.06B |
| Other Liabilities | 6.73B | 6.49B | 7.44B | 13.46B | 12.73B | 10.85B | 9.83B | 8.58B | 6.9B | 8.37B |
| Total Equity | 12.93B▲ 0% | 14.33B▲ 10.8% | 16.08B▲ 12.2% | 16.1B▲ 0.1% | 17.48B▲ 8.5% | 19.46B▲ 11.4% | 21.78B▲ 11.9% | 24.66B▲ 13.2% | 27.38B▲ 11.1% | 28.73B▲ 0% |
| Equity Growth % | -0.42% | 10.79% | 12.24% | 0.12% | 8.54% | 11.35% | 11.93% | 13.18% | 11.06% | 30.03% |
| Shareholders Equity | 12.93B | 14.33B | 14.72B | 16.1B | 17.47B | 19.46B | 21.78B | 24.65B | 27.38B | 28.73B |
| Minority Interest | 4M | 4M | 1.36B | 4M | 4M | 5M | 6M | 6M | 5M | 6.17M |
| Common Stock | 6.29B | 6.29B | 7.29B | 7.29B | 7.59B | 8.47B | 11.01B | 11.01B | 14.31B | 14.31B |
| Additional Paid-in Capital | 1.93B | 1.93B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 394.45M | 0 |
| Retained Earnings | 5.2B | 5.73B | 6.36B | 8.96B | 10.06B | 10.95B | 10.39B | 13.04B | 13.58B | 14.87B |
| Accumulated OCI | -488.28M | 378.71M | -1.33B | -2.41B | -2.43B | -2.21B | -1.87B | -1.65B | -899.86M | -445.43M |
| Return on Assets (ROA) | 0.81% | 2.38% | 3.36% | 5.76% | 5.48% | 7.07% | 7.74% | 10.61% | 12.41% | 6.38% |
| Return on Equity (ROE) | 2.58% | 7.34% | 11.32% | 19.85% | 17.06% | 20.31% | 19.84% | 24.82% | 27.35% | 14.29% |
| Debt / Equity | 1.17x | 1.00x | 0.92x | 0.94x | 0.87x | 0.60x | 0.50x | 0.42x | 0.46x | 0.46x |
| Debt / Assets | 36.11% | 34.09% | 24.48% | 29.82% | 28.19% | 22.3% | 20.37% | 18.66% | 21.28% | 24.46% |
| Net Debt / EBITDA | 5.38x | 3.83x | 3.72x | 3.66x | 2.38x | 1.35x | 1.38x | 1.17x | 1.22x | 1.22x |
| Book Value per Share | 5.09 | 5.01 | 6.56 | 5.63 | 6.1 | 6.8 | 7.61 | 8.62 | 9.57 | 10.04 |
Companhia Energética de Minas Gerais (CIG) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.21B | 580M | 1.01B | 2.04B | 8.61B | 3.69B | 6.61B | 6.64B | 5.5B | 5.5B |
| Operating CF Growth % | -59.66% | -52.18% | 73.79% | 101.98% | 322.74% | -57.19% | 79.46% | 0.47% | -17.28% | -171.27% |
| Operating CF / Revenue % | 6.46% | 2.67% | 4.52% | 7.99% | 34.12% | 10.95% | 19.19% | 18.03% | 13.8% | 12.66% |
| Net Income | 335M | 1B | 1.7B | 3.13B | 2.87B | 3.75B | 1.41B | 5.76B | 7.12B | 4.02B |
| Depreciation & Amortization | 834M | 850M | 849M | 958M | 1B | 1.05B | 1.18B | 1.27B | 1.38B | 820.73M |
| Deferred Taxes | 33M | 644M | -650M | -2.84B | 252M | -1.53B | -734M | -825M | 1.73B | -992.15M |
| Other Non-Cash Items | 2.63B | -402M | 581M | -189M | 412.11M | -159.46M | 3.92B | -78.7M | -5.18B | 2.98B |
| Working Capital Changes | -1.94B | -1.18B | 820M | 980M | 4.07B | 569.46M | 841M | 509.7M | 453M | 301.41M |
| Capital Expenditures | -1.51B | -856M | -877M | -1.93B | -5.08B | 1.37B | -3.21B | -3.97B | -2.38B | -3.93B |
| CapEx / Revenue % | 8.03% | 3.94% | 3.93% | 7.56% | 20.12% | 4.07% | 9.3% | 10.77% | 5.97% | 9.06% |
| CapEx / D&A | 1.81x | 1.01x | 1.03x | 2.01x | 5.05x | 1.31x | 2.71x | 3.11x | 1.73x | 4.79x |
| CapEx Coverage (OCF/CapEx) | 0.80x | 0.68x | 1.15x | 1.06x | 1.70x | 2.69x | 2.06x | 1.67x | 2.31x | 1.40x |
| Cash from Investing | -614M | -386M | -211M | -1.19B | -5.08B | 1.37B | -3.21B | -3.97B | -2.38B | -3.93B |
| Acquisitions | -506M | 474M | 70M | 38.27M | 27M | 1.31B | -3.46B | 632M | 2.79B | 1000K |
| Purchase of Investments | -1.39B | -4M | 30M | -38.27M | -3.37B | -51M | -52.3M | -11.27B | -16.63B | -8.07B |
| Sale of Investments | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Investing | 1.39B | -766M | -30M | 659M | -1.52B | -1.7B | 394.3M | -4.61B | -4.79B | -8.39B |
| Cash from Financing | -529M | -158M | -937M | -1.2B | -2.39B | -5.91B | -2.79B | -2.58B | -2.76B | -2.56B |
| Dividends Paid | -675M | -540M | -509M | -701.14M | -598.13M | -1.42B | -2.09B | -1.82B | -4.29B | -3.09B |
| Dividend Payout Ratio % | 202.1% | 53.95% | 29.54% | 21.95% | 20.88% | 37.76% | 51.17% | 31.63% | 60.33% | - |
| Debt Issuance (Net) | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 0 |
| Stock Issued | 0 | 1.22B | 109.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 2.08B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -404K | 1.2B | 109M | 137K | 135K | -256K | 907K | -67.44M | 0 | 1.33B |
| Net Change in Cash | 70M▲ 0% | 35M▼ 50.0% | -140M▼ 500.0% | -355M▼ 153.6% | 1.14B▲ 422.3% | -855M▼ 174.7% | 616M▲ 172.0% | 96M▼ 84.4% | 361M▲ 276.0% | -2.21B▲ 0% |
| Exchange Rate Effect | 0 | -1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 925M | 995M | 1.03B | 891M | 536M | 1.68B | 825M | 1.44B | 1.54B | 1.76B |
| Cash at End | 995M | 1.03B | 890M | 536M | 1.68B | 825M | 1.44B | 1.54B | 1.9B | 1.45B |
| Free Cash Flow | -295M▲ 0% | -276M▲ 6.4% | 131M▲ 147.5% | 109M▼ 16.8% | 3.53B▲ 3139.4% | 5.05B▲ 43.2% | 3.41B▼ 32.6% | 2.68B▼ 21.4% | 3.12B▲ 16.5% | 352.63M▲ 0% |
| FCF Growth % | -40.48% | 6.44% | 147.46% | -16.79% | 3139.45% | 43.16% | -32.6% | -21.43% | 16.55% | -75.94% |
| FCF Margin % | -1.57% | -1.27% | 0.59% | 0.43% | 14% | 15.02% | 9.89% | 7.26% | 7.84% | 0.81% |
| FCF / Net Income % | -88.32% | -27.57% | 7.61% | 3.41% | 123.29% | 134.76% | 83.26% | 46.44% | 43.84% | 8.77% |
Companhia Energética de Minas Gerais (CIG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 2.58% | 7.34% | 11.32% | 19.85% | 17.06% | 20.31% | 19.84% | 24.82% | 27.35% | 14.29% |
| EBITDA Margin | 14.05% | 16.08% | 16.72% | 15.58% | 22.57% | 23.78% | 19.93% | 20.32% | 22.27% | 16.33% |
| Net Debt / EBITDA | 5.38x | 3.83x | 3.72x | 3.66x | 2.38x | 1.35x | 1.38x | 1.17x | 1.22x | 1.22x |
| Interest Coverage | 0.89x | 1.65x | 2.12x | 8.81x | 19.19x | 29.91x | 28.89x | 26.05x | 36.58x | - |
| CapEx / Revenue | 8.03% | 3.94% | 3.93% | 7.56% | 20.12% | 4.07% | 9.3% | 10.77% | 5.97% | 9.06% |
| Dividend Payout Ratio | 202.1% | 53.95% | 29.54% | 21.95% | 20.88% | 37.76% | 51.17% | 31.63% | 60.33% | 76.94% |
| Debt / Equity | 1.17x | 1.00x | 0.92x | 0.94x | 0.87x | 0.60x | 0.50x | 0.42x | 0.46x | 0.46x |
| EPS Growth | -90% | 169.23% | 97.14% | 62.32% | -10.71% | 31% | 9.16% | 40.56% | 23.88% | -49.64% |
Companhia Energética de Minas Gerais (CIG) stock FAQ — growth, dividends, profitability & financials explained
Companhia Energética de Minas Gerais (CIG) reported $43.41B in revenue for fiscal year 2024. This represents a 1056% increase from $3.76B in 2000.
Companhia Energética de Minas Gerais (CIG) grew revenue by 8.1% over the past year. This is steady growth.
Yes, Companhia Energética de Minas Gerais (CIG) is profitable, generating $4.02B in net income for fiscal year 2024 (17.9% net margin).
Yes, Companhia Energética de Minas Gerais (CIG) pays a dividend with a yield of 12.46%. This makes it attractive for income-focused investors.
Companhia Energética de Minas Gerais (CIG) has a return on equity (ROE) of 27.4%. This is excellent, indicating efficient use of shareholder capital.
Companhia Energética de Minas Gerais (CIG) generated $352.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Companhia Energética de Minas Gerais (CIG) has a dividend payout ratio of 60%. This suggests the dividend is well-covered and sustainable.
Companhia Energética de Minas Gerais (CIG) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates