Energy Company of Minas Gerais
Energy Company of Minas Gerais operates in various business sectors.
Energy Company of Minas Gerais (CIDA) - Net Assets
Latest net assets as of March 2024: €25.42 Billion EUR
Based on the latest financial reports, Energy Company of Minas Gerais (CIDA) has net assets worth €25.42 Billion EUR as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€57.44 Billion) and total liabilities (€32.02 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 | €25.42 Billion |
| % of Total Assets | 44.26% |
| Annual Growth Rate | 9.12% |
| 5-Year Change | 63.76% |
| 10-Year Change | N/A |
| Growth Volatility | 7.65 |
Energy Company of Minas Gerais - Net Assets Trend (2018–2023)
This chart illustrates how Energy Company of 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 Energy Company of Minas Gerais (2018–2023)
The table below shows the annual net assets of Energy Company of Minas Gerais from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €24.66 Billion | +13.18% |
| 2022-12-31 | €21.78 Billion | +11.93% |
| 2021-12-31 | €19.46 Billion | +11.35% |
| 2020-12-31 | €17.48 Billion | +16.09% |
| 2019-12-31 | €15.06 Billion | -5.54% |
| 2018-12-31 | €15.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Energy Company of 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 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €24.65 Billion | 100.00% |
| Total Equity | €24.65 Billion | 100.00% |
Energy Company of Minas Gerais Competitors by Market Cap
The table below lists competitors of Energy Company of Minas Gerais ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BPOST (13B.SG)
STU:13B
|
$18.23K |
|
Sugarmade Inc
PINK:SGMD
|
$18.26K |
|
7Levels SA
WAR:7LV
|
$18.26K |
|
MIEN TRUNG PID
VN:SEB
|
$18.27K |
|
SPUR CORP
BE:S2J
|
$18.22K |
|
UNID BTPLUS LTD
KO:446070
|
$18.22K |
|
KAPCHORUA TEA CO. LTD ORD
XNAI:KTCL
|
$18.22K |
|
COMB MOTOR HLDS
BE:C8ZN
|
$18.21K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Energy Company of Minas Gerais's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 21,778,000,000 to 24,650,000,000, a change of 2,872,000,000 (13.2%).
- Net income of 5,764,000,000 contributed positively to equity growth.
- Dividend payments of 1,823,000,000 reduced retained earnings.
- Other factors decreased equity by 1,069,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.76 Billion | +23.38% |
| Dividends Paid | €1.82 Billion | -7.4% |
| Other Changes | €-1.07 Billion | -4.34% |
| Total Change | €- | 13.19% |
Book Value vs Market Value Analysis
This analysis compares Energy Company of 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: 0.22x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €6.63 | €1.90 | x |
| 2019-12-31 | €6.84 | €1.90 | x |
| 2020-12-31 | €6.11 | €1.90 | x |
| 2021-12-31 | €6.80 | €1.90 | x |
| 2022-12-31 | €7.61 | €1.90 | x |
| 2023-12-31 | €8.62 | €1.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Energy Company of 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): 23.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.64%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.23x
- Recent ROE (23.38%) is above the historical average (16.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 11.95% | 7.82% | 0.37x | 4.11x | €284.10 Million |
| 2019 | 7.98% | 4.91% | 0.49x | 3.32x | €-303.36 Million |
| 2020 | 16.39% | 11.35% | 0.47x | 3.10x | €1.12 Billion |
| 2021 | 19.28% | 11.15% | 0.65x | 2.67x | €1.81 Billion |
| 2022 | 18.79% | 11.87% | 0.64x | 2.46x | €1.91 Billion |
| 2023 | 23.38% | 15.64% | 0.67x | 2.23x | €3.30 Billion |
Industry Comparison
This section compares Energy Company of Minas Gerais's net assets metrics with peer companies in the same industry.
No peer company data available for comparison.