Companhia Energética de Minas Gerais
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, 2024, the company operated 36 hydro plants with a total capacity of 4,449.0 MW, 2 wind farms with a total capacity of 70.8 MW, and 10 photovoltaic power stations with a total capacity of 158.99 MW; 357,044 miles of distribu… Read more
Companhia Energética de Minas Gerais (CIGN) - Net Assets
Latest net assets as of September 2025: MX$28.73 Billion MXN
Based on the latest financial reports, Companhia Energética de Minas Gerais (CIGN) has net assets worth MX$28.73 Billion MXN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$64.75 Billion) and total liabilities (MX$36.02 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$28.73 Billion |
| % of Total Assets | 44.38% |
| Annual Growth Rate | 7.28% |
| 5-Year Change | 56.67% |
| 10-Year Change | 110.83% |
| Growth Volatility | 7.53 |
Companhia Energética de Minas Gerais - Net Assets Trend (2013–2024)
This chart illustrates how Companhia Energética de Minas Gerais's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Companhia Energética de Minas Gerais (2013–2024)
The table below shows the annual net assets of Companhia Energética de Minas Gerais from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | MX$27.38 Billion | +11.06% |
| 2023-12-31 | MX$24.66 Billion | +13.18% |
| 2022-12-31 | MX$21.78 Billion | +11.93% |
| 2021-12-31 | MX$19.46 Billion | +11.35% |
| 2020-12-31 | MX$17.48 Billion | +9.99% |
| 2019-12-31 | MX$15.89 Billion | -0.30% |
| 2018-12-31 | MX$15.94 Billion | +11.23% |
| 2017-12-31 | MX$14.33 Billion | +10.79% |
| 2016-12-31 | MX$12.93 Billion | -0.41% |
| 2015-12-31 | MX$12.99 Billion | +15.09% |
| 2014-12-31 | MX$11.28 Billion | -10.71% |
| 2013-12-31 | MX$12.64 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Companhia Energética de Minas Gerais's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | MX$27.38 Billion | 100.00% |
| Total Equity | MX$27.38 Billion | 100.00% |
Companhia Energética de Minas Gerais Competitors by Market Cap
The table below lists competitors of Companhia Energética de Minas Gerais ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hundsun Technologies Inc
SHG:600570
|
$4.94 Billion |
|
OR Royalties Inc.
F:OM40
|
$4.94 Billion |
|
Sonoco Products Company
NYSE:SON
|
$4.94 Billion |
|
NEPI Rockcastle PLC
AS:NRP
|
$4.94 Billion |
|
B2Gold Corp
NYSE MKT:BTG
|
$4.93 Billion |
|
Protagonist Therapeutics Inc
NASDAQ:PTGX
|
$4.92 Billion |
|
Sunwoda Electronic
SHE:300207
|
$4.92 Billion |
|
Elastic NV
NYSE:ESTC
|
$4.92 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Companhia Energética de Minas Gerais's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,650,000,000 to 27,377,000,000, a change of 2,727,000,000 (11.1%).
- Net income of 7,117,000,000 contributed positively to equity growth.
- Dividend payments of 4,294,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$7.12 Billion | +26.0% |
| Dividends Paid | MX$4.29 Billion | -15.68% |
| Other Changes | MX$-96.00 Million | -0.35% |
| Total Change | MX$- | 11.06% |
Book Value vs Market Value Analysis
This analysis compares Companhia Energética de Minas Gerais's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.47x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.06x to 4.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | MX$8.46 | MX$42.80 | x |
| 2018-12-31 | MX$8.61 | MX$42.80 | x |
| 2019-12-31 | MX$9.39 | MX$42.80 | x |
| 2020-12-31 | MX$10.32 | MX$42.80 | x |
| 2021-12-31 | MX$8.84 | MX$42.80 | x |
| 2022-12-31 | MX$9.90 | MX$42.80 | x |
| 2023-12-31 | MX$8.62 | MX$42.80 | x |
| 2024-12-31 | MX$9.57 | MX$42.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Companhia Energética de Minas Gerais utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.00%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.87%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.18x
- Recent ROE (26.00%) is above the historical average (18.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 24.56% | 21.22% | 0.49x | 2.36x | MX$1.84 Billion |
| 2014 | 27.80% | 16.05% | 0.56x | 3.10x | MX$2.01 Billion |
| 2015 | 19.01% | 11.29% | 0.54x | 3.15x | MX$1.17 Billion |
| 2016 | 2.58% | 1.78% | 0.45x | 3.25x | MX$-959.00 Million |
| 2017 | 6.99% | 4.61% | 0.51x | 2.95x | MX$-431.60 Million |
| 2018 | 11.95% | 7.82% | 0.37x | 4.11x | MX$284.10 Million |
| 2019 | 19.68% | 12.32% | 0.51x | 3.14x | MX$1.54 Billion |
| 2020 | 16.39% | 11.35% | 0.47x | 3.10x | MX$1.12 Billion |
| 2021 | 19.28% | 11.15% | 0.65x | 2.67x | MX$1.81 Billion |
| 2022 | 18.79% | 11.87% | 0.64x | 2.46x | MX$1.91 Billion |
| 2023 | 23.38% | 15.64% | 0.67x | 2.23x | MX$3.30 Billion |
| 2024 | 26.00% | 17.87% | 0.67x | 2.18x | MX$4.38 Billion |
Industry Comparison
This section compares Companhia Energética de Minas Gerais's net assets metrics with peer companies in the Utilities - Diversified industry.
No peer company data available for comparison.