Companhia Energética de Minas GeraisCIG

$2.05-0.01 (-0.49%)
NYSEUtilities24:00 UTC

Company snapshot

Market Cap
$6B
Mid-cap
+69%
2016 — today
10-Year Price
+50%
2016 — today
52-Week Range
$1.81$2.73
Current $2.05· 26%

Companhia Energética de Minas Gerais (CIG) is a prominent Brazilian energy company whose operations, conducted through its various subsidiaries, span the entire electricity value chain: generation, transmission, distribution, and retail. As of December 31, 2021, CIG's substantial infrastructure included 70 hydroelectric, wind, and solar power plants with a collective installed capacity of 5,700 megawatts. Its extensive network also featured 339,086 miles of distribution lines and 4,449 miles of transmission lines. Beyond its core electricity business, the company is active in the gas sector, handling the acquisition, transportation, and distribution of natural gas and its derivatives. Furthermore, CIG offers a diverse range of technology services, including cloud solutions, IT infrastructure and management, cybersecurity, and specialized systems for the operational oversight of public service concessions. Its portfolio extends to energy trading, telecommunications services, distributed generation initiatives, client account services, cogeneration projects, energy efficiency programs, and comprehensive supply and storage management. Established in 1952, Companhia Energética de Minas Gerais maintains its corporate headquarters in Belo Horizonte, Brazil.

Valuation in context

P/E ratio
1.2
Below average
Below the 10-year average
P/B ratio
0.2
Historically cheap
Historically cheap relative to the last 10 years
EV / EBITDA
4.5
Above average
Pricier than usual over the last 10 years
Dividend Yield
8.2%
Above average
Above the 10-year average
PEG ratio
0.2
Near historic high
Near historic highs — last 10 years
FCF Yield
54.3%
Above average
Above the 10-year average
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