Companhia Energetica Minas Gerais (CID) AI Stock Analysis
Companhia Energetica Minas Gerais
(Frankfurt:CID)
No summary available
Companhia Energetica Minas Gerais (CID) vs. iShares MSCI Germany ETF (EWG)
- Market Cap
- EUR 5.24B
- Dividend Yield
- 10.24%
- Average Volume (3M)
- 2,016
- Price to Earnings (P/E)
- 10.2
- Beta (1Y)
- 0.09
- Revenue Growth
- 5.35%
- EPS Growth
- -29.31%
- Country
- Germany
- Employees
- 5,320
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Regulated Electric
Companhia Energetica Minas Gerais Business Overview & Revenue Model
Company Description
Companhia Energética de Minas Gerais (CIG) is a prominent Brazilian energy company whose operations, conducted through its various subsidiaries, span the entire electricity value chain: generation, transmission, distribution, and retail. As of Decemb...
Companhia Energetica Minas Gerais Earnings Call Summary
The call presented numerous operational and financial positives: recurring EBITDA and net income growth, disciplined and on-track investments (BRL 3.3 billion in H1 toward a BRL 6.7 billion plan), robust funding (BRL 4.6 billion), improved distribution quality metrics, strong transmission and generation results, and a solid credit profile. The main negatives were concentrated in the trading segment (negative recurring EBITDA of -BRL 180 million and a BRL 191 million provision), higher consolidated costs (+15.5%) related to investment and seasonal effects, volume declines in some segments (captive market down 3.8%, Gasmig volume -17%), and increased financial expenses from recent funding. Management expects trading and leverage dynamics to improve after position settlement and the 2028 tariff review. Overall, the positives (broad-based operational strength, investment progress, cash generation, and quality metrics) outweigh the near-term negatives focused in trading and financing costs.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management reiterated a disciplined, investment-led guidance: a BRL 6.7 billion 2026 capex plan with BRL 3.3 billion (49%) spent in H1 — including BRL 2.6 billion in distribution, BRL 275 million in generation & transmission and BRL 227 million in Gasmig (BRL 92 million for the Midwest project; 33.5 km built) — supported by BRL 4.6 billion of funding in Q2; operating cash in H1 was ~BRL 4 billion (annualized ~BRL 8 billion) and quarterly operating performance/EBITDA was BRL 2.5 billion. They expect a positive tariff review in 2028 (citing >BRL 22 billion in the review cycle), implemented a 6.5% average tariff adjustment (4.9% Portion B), and maintain a 50% minimum payout (interest on capital BRL 631 million; BRL 0.22/share). Near-term: consolidated recurring EBITDA +9.3% YoY, Cemig D EBITDA +21% YoY, trading recurring EBITDA -BRL 180 million with a BRL 191 million provision, ECL reversal +BRL 232 million, additional RAP +BRL 36 million, transmission EBITDA +50% to BRL 190 million, leverage 2.58 (ratings AAA/AA+), and no budget change for El Niño; trading is expected to improve in H2 and materially in 2028 (management cited ~BRL 1–1.8 billion).
Companhia Energetica Minas Gerais Risk Analysis
Companhia Energetica Minas Gerais disclosed 60 risk factors in its most recent earnings report. Companhia Energetica Minas Gerais reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksCompanhia Energetica Minas Gerais Peers Comparison
Overall Rating
ELPC71Outperform
CEPU67Neutral
EDN66Neutral
ENIC64Neutral
PAM61Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ELPC | 71Outperform | $7.82B | 13.77 | 12.91% | 4.93% | 26.97% | 11.70% |
| CEPU | 67Neutral | $1.71B | 5.47 | 18.17% | 10.14% | 50.81% | 107.08% |
| EDN | 66Neutral | $772.52M | 4.57 | 10.46% | ― | 1.93% | -35.13% |
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| ENIC | 64Neutral | $5.59B | 9.73 | 10.78% | 4.67% | 16.18% | 742.80% |
| PAM | 61Neutral | $4.21B | 7.25 | 15.56% | ― | 28.77% | 25.20% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DE:CID | Companhia Energetica Minas Gerais | 1.65 | 0.00 | 0.12% | |
| EDN | Edenor SA Class B | 15.63 | -19.62 | -55.66% | |
| PAM | Pampa Energia | 72.65 | -15.93 | -17.98% | |
| ENIC | Enel Chile | 4.13 | 0.38 | 10.07% | |
| CEPU | Central Puerto | 10.61 | -4.46 | -29.60% | |
| ELPC | Companhia Paranaense de Energia Sponsored ADR | 10.55 | 1.21 | 13.02% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.