Energy of Minas Gerais Co
BOVESPA:CMIG4
Intrinsic Value
Companhia Energética de Minas Gerais SA engages in the generation, transmission, distribution and sale of electricity, gas distribution, telecommunications and the provision of energy solutions. [ Read More ]
The intrinsic value of one
CMIG4
stock under the Base Case scenario is
15.73
BRL.
Compared to the current market price of 10.35 BRL,
Energy of Minas Gerais Co
is
Undervalued by 34%.
CMIG4 could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
Energy of Minas Gerais Co's market capitalization is 22.8B BRL.
CMIG4 stock price is 10.35 BRL.
CMIG4 stock price (10.35 BRL) is 34% less than its Intrinsic Value (15.73 BRL).
CMIG4 stock price (10.35 BRL) is 48% less than its Relative Value (19.8 BRL). Open Relative Valuation
CMIG4 has upside potential of 5% compared to the average analyst price target.
Open Wall St Estimates
CMIG4's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 9%.
CMIG4 has positive Net Income for the last twelve months.
CMIG4's Revenue has grown by 4% over the past 12 months.
CMIG4's ROE (Return on Equity) has decreased in the last 3 years from 20% to 19%.
CMIG4's ROIC (Return on Invested Capital) has increased in the last 3 years from 7% to 9%.
CMIG4's Revenue is forecast to grow at a rate of 4% per year over the next 3 years.
CMIG4's short-term assets (13B BRL) exceed its short-term liabilties (11B BRL).
CMIG4 has positive three-year average ROIC (Return on Invested Capital): 8%. The company is efficient at using invested capital to generate operating income.
CMIG4 has positive Operating Income for the last twelve months.
CMIG4's ROE (Return on Equity) for the past 12 months is positive and is equal to 19%.
CMIG4 has positive Gross Profit for the last twelve months.
CMIG4 has positive three-year average ROE (Return on Equity): 18%. The company is efficient at transforming stockholders' equity into net income.
CMIG4's long-term assets (54B BRL) exceed its long-term liabilties (31B BRL).
CMIG4 has positive Net Debt. This means that the company has more debt (10B BRL) than cash and short-term investments (3B BRL).
CMIG4 has positive Free Cash Flow for the last twelve months.
CMIG4's Altman Z-Score is very low and is equal to 1.68.
CMIG4's D/E (Debt to Equity) is very low and is equal to 0.42.
CMIG4 generates enough operating income (4B BRL) to cover interest payments on its debt (971m BRL).
Valuation Backtest
Energy of Minas Gerais Co
Run backtest to discover the historical profit from buying and selling
CMIG4
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Energy of Minas Gerais Co
Balance Sheet Decomposition
Energy of Minas Gerais Co
| Current Assets | 13.1B |
| Cash & Short-Term Investments | 3B |
| Receivables | 8.4B |
| Other Current Assets | 1.8B |
| Non-Current Assets | 40.9B |
| Long-Term Investments | 11.6B |
| PP&E | 2.8B |
| Intangibles | 14.6B |
| Other Non-Current Assets | 11.9B |
| Current Liabilities | 11B |
| Accounts Payable | 2.4B |
| Accrued Liabilities | 2B |
| Other Current Liabilities | 6.6B |
| Non-Current Liabilities | 20.3B |
| Long-Term Debt | 9.5B |
| Other Non-Current Liabilities | 10.8B |
Earnings Waterfall
Energy of Minas Gerais Co
|
Revenue
|
35.8B
BRL
|
|
Cost of Revenue
|
-29.7B
BRL
|
|
Gross Profit
|
6.1B
BRL
|
|
Operating Expenses
|
-1.9B
BRL
|
|
Operating Income
|
4.2B
BRL
|
|
Other Expenses
|
-200.8m
BRL
|
|
Net Income
|
4B
BRL
|
Free Cash Flow Analysis
Energy of Minas Gerais Co
CMIG4 Profitability Score
Profitability Due Diligence
Energy of Minas Gerais Co's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
Energy of Minas Gerais Co's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
CMIG4 Solvency Score
Solvency Due Diligence
Energy of Minas Gerais Co's solvency score is 43/100. The higher the solvency score, the more solvent the company is.
Score
Energy of Minas Gerais Co's solvency score is 43/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
CMIG4 Price Targets Summary
Energy of Minas Gerais Co
According to Wall Street analysts, the average 1-year price target for
CMIG4
is 10.91 BRL
with a low forecast of 8.96 BRL and a high forecast of 13.65 BRL.
Shareholder Return
CMIG4 Price
Energy of Minas Gerais Co
| Average Annual Return | 19.73% |
| Standard Deviation of Annual Returns | 6.95% |
| Max Drawdown | -50% |
| Market Capitalization | 22.6B BRL |
| Shares Outstanding | 2 200 524 524 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Energy of Minas Gerais Co
Country
Industry
Market Cap
Dividend Yield
Description
Companhia Energética de Minas Gerais SA engages in the generation, transmission, distribution and sale of electricity, gas distribution, telecommunications and the provision of energy solutions. The company is headquartered in Belo Horizonte, Minas Gerais and currently employs 5,025 full-time employees. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the generation, transmission and distribution of electricity. The Generation division consists of the operation of hydroelectric plants, wind farms and photovoltaic plant. The electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. In addition, the Firm is also engaged in the natural gas distribution throughout the territory of the state of Minas Gerais.
Contact
IPO
Employees
Officers
The intrinsic value of one
CMIG4
stock under the Base Case scenario is
15.73
BRL.
Compared to the current market price of 10.35 BRL,
Energy of Minas Gerais Co
is
Undervalued by 34%.
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