Energy Of Financials

CIG-C Stock  USD 2.49  0.04  1.63%   
Based on the key indicators obtained from Energy Of's historical financial statements, Energy of Minas may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, Energy Of's Property Plant And Equipment Net is projected to decrease significantly based on the last few years of reporting. The current year's Current Deferred Revenue is expected to grow to about 5.5 B, whereas Total Assets are forecasted to decline to about 37.9 B. Key indicators impacting Energy Of's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.0960.1564
Way Down
Pretty Stable
Return On Assets0.110.1048
Sufficiently Up
Pretty Stable
Return On Equity0.270.2529
Notably Up
Pretty Stable
Debt Equity Ratio0.620.4313
Way Up
Slightly volatile
Operating Income3.3 B5.9 B
Way Down
Slightly volatile
Current Ratio0.790.9065
Fairly Down
Slightly volatile
Investors should never underestimate Energy Of's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Energy Of's cash flow, debt, and profitability to make informed and accurate decisions about investing in Energy of Minas.

Net Income

6.05 Billion

  
Understanding current and past Energy Of Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Energy Of's financial statements are interrelated, with each one affecting the others. For example, an increase in Energy Of's assets may result in an increase in income on the income statement.
Please note, the presentation of Energy Of's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Energy Of's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Energy Of's management manipulating its earnings.

Energy Of Stock Summary

Energy Of competes with Atco, Canadian Utilities, Engie SA, AES, and Sempra Energy. Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil. Comp En operates under UtilitiesDiversified classification in the United States and is traded on NYQ Exchange. It employs 5025 people.
Specialization
Utilities, Utilities - Diversified
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS2044098828
Business AddressAvenida Barbacena, 1200,
SectorElectric Utilities
IndustryUtilities
BenchmarkDow Jones Industrial
Websitewww.cemig.com.br
Phone51 31 3506 5024
CurrencyUSD - US Dollar

Energy Of Key Financial Ratios

Energy Of Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets49.9B54.1B52.0B53.7B55B37.9B
Other Current Liab1.1B4.1B4.8B4.6B5.1B2.8B
Net Debt14.5B13.6B10.8B9.5B8.7B9.5B
Retained Earnings7.9B10.1B10.9B10.4B13.0B13.7B
Accounts Payable2.1B2.4B2.9B3.3B3.7B3.9B
Cash536M1.7B825M1.4B1.5B1.5B
Net Receivables5.6B5.1B5.0B5.5B7.4B7.7B
Other Current Assets596M2.4B862M889M1.4B1.1B
Total Liab34.9B36.6B32.6B31.9B30.3B24.2B
Total Current Assets10.1B15.5B12.9B13.5B11.9B9.2B
Short Term Debt2.8B2.1B1.5B1.0B2.7B2.9B
Inventory39M1.8B(1.7B)(1.7B)(1.1B)(1.1B)
Intangible Assets11.6B11.8B13.0B14.6B15.2B8.4B
Other Liab7.9B13.9B13.8B11.8B13.6B9.4B
Net Tangible Assets(1.1B)(588.2M)1.9B1.5B1.4B1.4B
Other Assets(1M)11.8B11.9B12.0B13.8B14.4B
Long Term Debt12.0B13.0B9.9B9.6B7.2B11.1B
Short Long Term Debt2.7B2.1B1.5B955M2.6B2.6B

Energy Of Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense1.3B1.2B1.7B2.5B1.0B1.2B
Total Revenue25.4B25.2B33.6B34.5B36.8B38.7B
Gross Profit5.8B5.4B6.7B6.8B8.4B5.9B
Operating Income4.9B4.9B6.0B5.7B5.9B3.3B
Ebit4.9B4.7B5.8B4.3B7.6B4.2B
Ebitda5.8B5.7B6.8B5.5B8.9B5.2B
Cost Of Revenue19.6B19.8B26.9B27.7B28.5B29.9B
Income Before Tax4.5B3.8B4.7B4.1B6.4B6.7B
Net Income3.1B2.9B3.8B4.1B5.8B6.1B
Income Tax Expense1.6B936M946M26M1.1B742.9M
Research Development40.7M42.8M34.2M34.6M37.5M32.3M
Minority Interest1.4B4.3M4.7M(2M)(3M)(2.9M)
Tax Provision1.6B936M946M26M1.1B802.0M
Net Interest Income601M(964M)(1.6B)(2.0B)(901M)(946.1M)
Interest Income463M399M460M712M286M455.1M

Energy Of Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(355M)1.1B(855M)616M96.8M55.4M
Free Cash Flow109M8.4B3.5B6.3B5.4B5.6B
Depreciation958M989M1.0B1.2B1.3B938.7M
Other Non Cash Items740M(391M)(5.0B)3.9B(78.8M)(74.8M)
Dividends Paid701M598M1.4B2.1B1.8B1.4B
Capital Expenditures1.9B173M233M292M1.3B971.1M
Net Income3.1B2.9B3.8B1.4B5.8B6.1B
End Period Cash Flow536M1.7B825M1.4B1.5B1.5B
Change To Inventory2.7B1.8B3.9B4.4B5.0B5.3B
Investments(1.2B)(3.5B)3.4B(3.2B)(4.0B)(3.8B)
Net Borrowings(537.0M)(502.2M)(1.8B)(4.5B)(4.0B)(3.8B)
Change To Netincome(2.7B)(3.4B)(902.6M)(4.4B)(3.9B)(3.7B)

Energy Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Energy Of's current stock value. Our valuation model uses many indicators to compare Energy Of value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Energy Of competition to find correlations between indicators driving Energy Of's intrinsic value. More Info.
Energy of Minas is rated second in return on equity category among its peers. It is number one stock in return on asset category among its peers reporting about  0.35  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Energy of Minas is roughly  2.83 . At present, Energy Of's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Energy Of's earnings, one of the primary drivers of an investment's value.

Energy of Minas Systematic Risk

Energy Of's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Energy Of volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Energy of Minas correlated with the market. If Beta is less than 0 Energy Of generally moves in the opposite direction as compared to the market. If Energy Of Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Energy of Minas is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Energy Of is generally in the same direction as the market. If Beta > 1 Energy Of moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Energy Of Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Energy Of's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Energy Of growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.51

At present, Energy Of's Price Earnings To Growth Ratio is projected to decrease significantly based on the last few years of reporting.

Energy Of November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Energy Of help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Energy of Minas. We use our internally-developed statistical techniques to arrive at the intrinsic value of Energy of Minas based on widely used predictive technical indicators. In general, we focus on analyzing Energy Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Energy Of's daily price indicators and compare them against related drivers.

Complementary Tools for Energy Stock analysis

When running Energy Of's price analysis, check to measure Energy Of's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Energy Of is operating at the current time. Most of Energy Of's value examination focuses on studying past and present price action to predict the probability of Energy Of's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Of's price. Additionally, you may evaluate how the addition of Energy Of to your portfolios can decrease your overall portfolio volatility.
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