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Energy of Minas Gerais (CMIG3)

B3
Currency in BRL
Disclaimer
12.96
+0.07(+0.54%)
Closed
CMIG3 Scorecard
Full Analysis
Trading at a low P/E ratio relative to near-term earnings growth
High dividend Yield
Fair Value
Day's Range
12.8213.12
52 wk Range
9.6319.84
Bid/Ask
12.96 / 12.96
Prev. Close
12.89
Open
12.85
Day's Range
12.82-13.12
52 wk Range
9.63-19.84
Volume
89,500
Average Vol. (3m)
231,417
1-Year Change
5.81%
Fair Value
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Fair Value Upside
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Company’s Health
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Upsidepro lock
Price Target
11.13
Downside
-14.12%
Members' Sentiments
Bearish
Bullish
ProTips
Valuation implies a strong free cash flow yield

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Energy of Minas Gerais Company Profile

Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2023, the company operated 57 hydro plants with a total capacity of 5,010.4 MW, 9 wind farms with a total capacity of 175.7 MW, and 2 photovoltaic power stations with a total capacity of 3.9 MW; 344,006 miles of distribution lines; and 4,653 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; 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.

Sector
Utilities
Employees
4918
Market
Brazil
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