Company Analysis

Comp En De Mn Cemig CIG

A comprehensive view of key metrics, scores, and financial health for Comp En De Mn Cemig

Overview of Companhia Energética de Minas Gerais - CEMIG

CIG NYQ

Utilities Utilities - Diversified Framework: Regulated Utilities Mid Cap

Companhia Energética de Minas Gerais - CEMIG (CIG), is a Mid Cap company, in the Utilities - Diversified industry, last closed at $2.24, about 979.9% undervalued vs fair value, +9.8% 1Y return, ranked 81/117 in sector.

Metrics P/E 1.2× Rev Growth 7.4% ROE 17.5% Gross Margin 16.9% Div Yield 0.00%

USD 2.24

4.67%

(Delayed)

• Vol 90d: 29.2%

52-Week Range

Low

1.88

42%

Now 2.24

High

2.73

Market Cap

$6.07B

Enterprise Value

$26.65B

Overall Score

View breakdown

Overall

Growth

Fair

Profitability

Fair

Health

Fair

Efficiency

Weak

Valuation

Weak

Growth

Fair

Profitability

Fair

Health

Fair

Efficiency

Weak

Valuation

Weak

Completeness: 100%

Confidence: 63%

Updated: Sep 12

Top Beats

Quick Facts

Website https://www.cemig.com.br

HQ Belo Horizonte, MG

Employees 5,028

Fiscal year Dec 31

Next Events

Earnings Nov 12

Fair Value Snapshot

Bear Base Bull

$20

$24

$28

Current: $2.24 +980% vs base

Engine Room Money Flow™

Mid Cap

Regulated Utilities - Where revenue goes and how value is created

Flow Steps

Total Revenue

$42.8B

7.4%%

EBITDA

$8.7B

-25.7%%

Operating Income (EBIT)

$6.3B

-20.3%%

Net Income

$4.9B

-31.2%%

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Regulated Utilities

Data Quality Notes

Note: FFO (Funds From Operations) = Net Income + D&A + Deferred Taxes. This is the standard cash proxy for regulated utilities, replacing FCF as the primary metric — high D&A from rate-base assets systematically depresses FCF.
Note: Owner Pocket percentages are relative to FFO (not FCF). Regulated utilities fund dividends from FFO; FCF is depressed by large rate-base depreciation charges.

Quality & Reliability Indicators

FFO / Total Debt

35.2%

Excellent

FFO ÷ Total Debt — the primary S&P/Moody's credit metric for utility ratings. >15% is investment-grade; >20% signals strong credit quality.

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Owner's Pocket - Capital Allocation

Where It Leaks

Cash Flow Health healthy

Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.

Active Leaks

0/0

Improving

High Impact

Critical

Excellent! No significant cash flow leaks detected for this company.

Scores based on quantitative metrics and qualitative factors

Full moat analysis

Key strengths

Earning the Allowed ROE Return on equity is strong vs peers (score 0.96), suggesting rate-base growth is translating into earnings.
Quality ROIC vs Peers ROIC quality is strong (score 1.00), consistent with disciplined capital deployment.

Key risks

Thin Dividend Coverage Operating cash generation is weak (score 0.21), which may pressure dividend coverage.
Cost Discipline Lags Peers Operational cost discipline is weak (score 0.29), dragging on margins.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Regulatory Franchise

Developing

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Rate-Base Return Quality

Moderate

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Dividend Sustainability

Developing

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Capital Structure Discipline

Strong

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Operational Efficiency

Developing

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Essential Service Resilience

Moderate

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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Regulated Utilities vs Industry Peers 100% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

54th percentile vs peers

Key Signals

Asset Growth YoY 12.2% 75p Revenue CAGR 3Y 10.4% 74p Rev Growth YoY 7.4% 42p Equity Growth YoY 4.4% 33p EPS Growth YoY -31.2% 20p

Strengths

ROE in top 20% of peers (17.5%, 90th percentile)
Net Debt/EBITDA in top 20% of peers (92.1%, 89th percentile)
Cash Flow to Debt Ratio in top 20% of peers (1.16, 83th percentile)
Equity/Assets in top 20% of peers (42.6%, 81th percentile)

Risks

EPS Growth YoY in bottom 20% of peers (-31.2%)

Profitability

46th percentile vs peers

Key Signals

Strengths

Risks

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Safety

82th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for Comp En De Mn Cemig.

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

$24.19

- - -

+979.9% vs current

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

Comp En De Mn Cemig CIG

Overview of Companhia Energética de Minas Gerais - CEMIG

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

FFO / Total Debt

Locked Metric

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Locked Metric

Owner's Pocket - Capital Allocation

Key strengths

Key risks

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Regulatory Franchise

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Rate-Base Return Quality

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Dividend Sustainability

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Capital Structure Discipline

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Operational Efficiency

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Essential Service Resilience

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Growth

Profitability

Safety

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