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Complete financial analysis of Companhia Energética de Minas Gerais (CIG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Companhia Energética de Minas Gerais, a leading company in the Diversified Utilities industry within the Utilities sector.
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Companhia Energética de Minas Gerais (CIG)
About Companhia Energética de Minas Gerais
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 36.85B | 34.46B | 33.65B | 25.23B | 25.39B | 22.27B | 21.71B | 18.77B | 21.29B | 19.54B | 14.63B | 18.46B | 15.81B | 12.86B | 17.44B | 9.83B | 9.43B | 8.64B | 7.51B | 7.65B | 6.03B | 4.87B | 5.01B | 3.76B |
| Cost of Revenue | 30.03B | 27.65B | 26.92B | 19.85B | 19.60B | 19.02B | 18.43B | 15.90B | 18.32B | 12.80B | 11.23B | 12.38B | 9.96B | 5.35B | 4.96B | 3.07B | 2.86B | 2.71B | 2.16B | 2.33B | 1.95B | 1.78B | 3.49B | 1.12B |
| Gross Profit | 6.82B | 6.81B | 6.72B | 5.38B | 5.79B | 3.25B | 3.28B | 2.87B | 2.97B | 6.74B | 3.40B | 6.08B | 5.86B | 7.52B | 12.48B | 6.76B | 6.57B | 5.93B | 5.35B | 5.32B | 4.08B | 3.09B | 1.52B | 2.63B |
| Gross Profit Ratio | 18.52% | 19.77% | 19.98% | 21.34% | 22.81% | 14.59% | 15.10% | 15.29% | 13.97% | 34.48% | 23.22% | 32.92% | 37.04% | 58.45% | 71.56% | 68.75% | 69.68% | 68.63% | 71.20% | 69.55% | 67.64% | 63.40% | 30.34% | 70.13% |
| Research & Development | 0.00 | 34.56M | 34.21M | 42.77M | 40.66M | 38.24M | 37.77M | 47.86M | 47.20M | 48.51M | 40.66M | 34.92M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 707.42M | 1.42B | 572.00M | 583.00M | 642.00M | 672.00M | 763.00M | 667.00M | 674.00M | 654.00M | 799.00M | 1.28B | 840.96M | 2.73B | 2.60B | 1.28B | 1.02B | 1.29B | 0.00 | 0.00 | 819.00M | 1.63B | 293.00M | 1.40B |
| Selling & Marketing | 194.52M | 0.00 | 144.00M | 147.00M | 238.00M | 264.00M | 248.00M | 382.00M | 175.00M | 128.00M | 121.00M | 348.07M | 189.82M | 283.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 901.94M | 1.42B | 716.00M | 730.00M | 880.00M | 936.00M | 1.01B | 1.05B | 849.00M | 782.00M | 920.00M | 1.63B | 1.03B | 2.73B | 2.60B | 1.28B | 1.02B | 1.29B | 2.98B | 940.22M | 819.00M | 1.63B | 293.00M | 1.40B |
| Other Expenses | 0.00 | 428.00M | 383.00M | 355.00M | 2.00B | 875.00M | 372.00M | 513.00M | 1.77B | 905.00M | 382.00M | 669.00M | 1.28B | 269.00M | 4.79B | 788.00M | 1.02B | 859.00M | 1.05B | 2.37B | 1.93B | 932.00M | 1.55B | 791.00M |
| Operating Expenses | 939.39M | 1.85B | 1.10B | 1.09B | 2.88B | 471.60M | 382.95M | 1.56B | 2.62B | 1.69B | 1.30B | 2.30B | 1.44B | 3.87B | 3.44B | 2.07B | 2.05B | 2.15B | 4.03B | 3.31B | 2.75B | 2.56B | 1.84B | 2.19B |
| Cost & Expenses | 30.97B | 29.50B | 28.02B | 20.93B | 22.48B | 19.49B | 18.82B | 15.90B | 18.32B | 14.49B | 11.23B | 14.68B | 11.40B | 9.22B | 8.40B | 5.14B | 4.91B | 4.86B | 6.19B | 5.64B | 4.70B | 4.35B | 5.33B | 3.32B |
| Interest Income | 126.00M | 712.00M | 460.00M | 399.00M | 361.00M | 116.00M | 803.71M | 1.04B | 1.47B | 298.00M | 300.00M | 157.37M | 995.00M | 849.00M | 384.00M | 410.00M | 708.00M | 356.00M | 277.92M | 393.09M | 674.00M | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.03B | 2.47B | 1.73B | 1.25B | 1.32B | 1.32B | 1.80B | 2.48B | 2.20B | 1.03B | 792.00M | 1.38B | 2.05B | 1.67B | 799.00M | 624.00M | 644.00M | 529.00M | 326.97M | 254.98M | 674.00M | 525.00M | 48.00M | 42.00M |
| Depreciation & Amortization | 1.27B | 1.18B | 1.05B | 989.05M | 958.23M | 834.59M | 849.77M | 834.29M | 835.00M | 801.00M | 824.00M | 1.00B | 1.02B | 896.00M | 736.00M | 769.00M | 878.00M | 810.00M | 669.00M | 677.00M | 686.00M | 666.00M | 641.00M | 583.00M |
| EBITDA | 8.88B | 5.48B | 6.82B | 5.70B | 6.75B | 4.31B | 4.09B | 3.71B | 5.71B | 6.31B | 5.00B | 6.77B | 4.96B | 4.92B | 4.04B | 3.90B | 3.83B | 2.54B | 1.99B | 2.59B | 2.69B | 1.19B | -1.22B | 1.02B |
| EBITDA Ratio | 24.11% | 21.77% | 20.83% | 23.49% | 22.90% | 17.83% | 19.79% | 23.67% | 26.74% | 29.39% | 34.18% | 40.23% | 40.67% | 41.92% | 23.16% | 64.81% | 66.61% | 64.21% | 26.51% | 33.88% | 44.58% | 24.49% | 6.43% | 27.24% |
| Operating Income | 5.88B | 5.69B | 5.96B | 4.94B | 4.86B | 2.50B | 2.64B | 1.80B | 4.12B | 5.58B | 3.40B | 4.08B | 4.41B | 3.65B | 3.30B | 2.29B | 2.08B | 773.00M | 1.32B | 2.12B | 1.33B | 527.00M | -593.00M | 440.00M |
| Operating Income Ratio | 15.97% | 16.50% | 17.71% | 19.57% | 19.13% | 11.21% | 12.17% | 9.61% | 19.35% | 28.56% | 23.21% | 22.12% | 27.91% | 28.35% | 18.94% | 23.27% | 22.05% | 8.95% | 17.62% | 27.67% | 22.03% | 10.82% | -11.85% | 11.71% |
| Total Other Income/Expenses | 966.92M | -1.57B | -1.26B | -1.14B | -387.00M | -901.59M | -743.90M | -1.44B | -1.34B | -1.10B | 658.00M | 1.02B | -59.00M | -825.00M | 34.00M | 221.00M | 224.00M | 426.00M | 783.00M | 350.00M | 674.00M | -525.00M | -47.00M | -42.00M |
| Income Before Tax | 6.85B | 4.12B | 4.70B | 3.80B | 4.47B | 1.98B | 1.65B | 367.93M | 3.38B | 4.48B | 4.05B | 5.33B | 3.36B | 2.82B | 3.08B | 2.51B | 2.30B | 1.20B | 2.11B | 2.47B | 2.00B | 2.00M | -641.00M | 398.00M |
| Income Before Tax Ratio | 18.59% | 11.95% | 13.97% | 15.07% | 17.60% | 8.88% | 7.58% | 1.96% | 15.90% | 22.92% | 27.71% | 28.90% | 21.22% | 21.94% | 17.68% | 25.52% | 24.42% | 13.88% | 28.04% | 32.24% | 33.21% | 0.04% | -12.80% | 10.60% |
| Income Tax Expense | 1.08B | 26.00M | 946.00M | 936.00M | 1.57B | 599.12M | 644.26M | 33.17M | 892.58M | 1.34B | 950.14M | 1.06B | 940.92M | 564.00M | 911.00M | 755.00M | 685.00M | 497.00M | 300.00M | 731.00M | 607.00M | 26.00M | 78.00M | 32.00M |
| Net Income | 5.76B | 4.09B | 3.75B | 2.86B | 3.13B | 1.70B | 1.00B | 334.33M | 503.00K | 3.14B | 2.95B | 4.27B | 2.42B | 2.26B | 1.86B | 1.75B | 1.62B | 702.00M | 1.81B | 1.74B | 1.40B | -12.00M | -719.00M | 366.00M |
| Net Income Ratio | 15.64% | 11.87% | 11.15% | 11.35% | 12.32% | 7.64% | 4.61% | 1.78% | 0.00% | 16.05% | 20.20% | 23.14% | 15.27% | 17.55% | 10.67% | 17.84% | 17.16% | 8.13% | 24.08% | 22.72% | 23.14% | -0.25% | -14.36% | 9.74% |
| EPS | 2.01 | 1.86 | 1.70 | 1.30 | 1.39 | 0.69 | 0.25 | 0.07 | 1.30 | 1.65 | 1.64 | 2.25 | 1.27 | 1.19 | 1.33 | 0.92 | 0.85 | 0.37 | 0.95 | 0.92 | 0.24 | -0.01 | -0.13 | 0.20 |
| EPS Diluted | 2.01 | 1.86 | 1.70 | 1.30 | 1.39 | 0.69 | 0.25 | 0.05 | 1.30 | 1.65 | 1.64 | 2.25 | 1.27 | 1.19 | 1.33 | 0.92 | 0.83 | 0.36 | 0.94 | 0.92 | 0.24 | -0.01 | -0.13 | 0.20 |
| Weighted Avg Shares Out | 2.86B | 2.20B | 2.20B | 2.20B | 2.29B | 2.45B | 2.20B | 1.90B | 1.90B | 1.90B | 1.90B | 1.90B | 1.90B | 1.90B | 1.73B | 1.90B | 1.90B | 1.90B | 1.90B | 1.90B | 5.70B | 1.89B | 5.59B | 1.86B |
| Weighted Avg Shares Out (Dil) | 2.86B | 2.20B | 2.20B | 2.20B | 2.29B | 2.45B | 2.20B | 1.90B | 1.90B | 1.90B | 1.90B | 1.90B | 1.90B | 1.90B | 1.73B | 1.91B | 1.94B | 1.94B | 1.92B | 1.90B | 5.70B | 1.89B | 5.59B | 1.86B |
Companhia Energética de Minas Gerais' (CIG) CEO Reynaldo Passanezi Filho on Q3 2021 Results - Earnings Call Transcript
Companhia Energética de Minas Gerais' (CIG) CEO Reynaldo Passanezi Filho on Q3 2021 Results - Earnings Call Transcript
Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q2 2021 Results - Earnings Call Transcript
Companhia Energética de Minas Gerais (CIG) CEO Reynaldo Passanezi Filho on Q2 2021 Results - Earnings Call Transcript
Companhia Energetica: Strong Return On Capital Performer
The company actually reported an impressive set of first quarter numbers, although doubts remain regarding future profitability. The market has not rewarded the stock yet for the transition it is undergoing.
Companhia Energética de Minas Gerais's (CIG) CEO Reynaldo Passanezi Filho on Q1 2021 Results - Earnings Call Transcript
Companhia Energética de Minas Gerais's (CIG) CEO Reynaldo Passanezi Filho on Q1 2021 Results - Earnings Call Transcript
Debt Reductions And Possible Privatization Could Make CEMIG An Attractive Investment
Improving the fixed asset turnover ratio demonstrates that the company is improving its efficiency.
Companhia Energetica: Low Priced Stock Brings Opportunity
Profitability has dropped a lot this year but expectations remain strong going forward. Assets have been shrinking on the balance sheet but cash flow generation remains strong.
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