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Companhia Energética de Minas Gerais (CIG)

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$2.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, $Upside, %
Artificial intelligence (AI)35.561678
Intrinsic value (DCF)87.514276
Graham-Dodd Methodn/a
Graham Formula39.271863

Company Information

Avenida Barbacena, 1200
Belo Horizonte, MG 30190-131
BR
Phone: 55 31 3506 5024
Industry: Diversified Utilities
Sector: Utilities
CEO: Mr. Reynaldo Passanezi Filho
Full Time Employees: 5028

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; 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.

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