CIA ENERGETICA DE-SPON ADR (CIG) Stock Fundamental Analysis
NYSE:CIG - US2044096012 - ADR
1.98 USD
+0.08 (+4.21%)
1.98 USD
0 (0%)
Overall CIG gets a fundamental rating of 6 out of 10. We evaluated CIG against 47 industry peers in the Electric Utilities industry. CIG scores excellent on profitability, but there are some minor concerns on its financial health. CIG scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, CIG could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year CIG was profitable.
In the past year CIG had a positive cash flow from operations.
CIG had positive earnings in each of the past 5 years.
CIG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CIG's Return On Assets of 10.96% is amongst the best of the industry. CIG outperforms 97.87% of its industry peers.
Looking at the Return On Equity, with a value of 25.09%, CIG belongs to the top of the industry, outperforming 97.87% of the companies in the same industry.
CIG has a Return On Invested Capital of 10.67%. This is amongst the best in the industry. CIG outperforms 97.87% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CIG is significantly above the industry average of 5.09%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.96% | ||
| ROE | 25.09% | ||
| ROIC | 10.67% |
ROA(3y)10.01%
ROA(5y)8.5%
ROE(3y)22.72%
ROE(5y)20.77%
ROIC(3y)11.63%
ROIC(5y)10.86%
1.3 Margins
The Profit Margin of CIG (17.25%) is better than 82.98% of its industry peers.
CIG's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 16.17%, CIG is not doing good in the industry: 72.34% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of CIG has grown nicely.
Looking at the Gross Margin, with a value of 19.80%, CIG is doing worse than 72.34% of the companies in the same industry.
In the last couple of years the Gross Margin of CIG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.17% | ||
| PM (TTM) | 17.25% | ||
| GM | 19.8% |
OM growth 3Y-4.19%
OM growth 5Y7.35%
PM growth 3Y17.03%
PM growth 5Y7.36%
GM growth 3Y0.83%
GM growth 5Y-2.38%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CIG is creating some value.
CIG has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, CIG has more shares outstanding
CIG has a worse debt/assets ratio than last year.
2.2 Solvency
CIG has an Altman-Z score of 1.82. This is not the best score and indicates that CIG is in the grey zone with still only limited risk for bankruptcy at the moment.
CIG has a Altman-Z score of 1.82. This is amongst the best in the industry. CIG outperforms 82.98% of its industry peers.
The Debt to FCF ratio of CIG is 3.59, which is a good value as it means it would take CIG, 3.59 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 3.59, CIG belongs to the best of the industry, outperforming 93.62% of the companies in the same industry.
CIG has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CIG (0.46) is better than 91.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.59 | ||
| Altman-Z | 1.82 |
ROIC/WACC0.98
WACC10.91%
2.3 Liquidity
A Current Ratio of 1.06 indicates that CIG should not have too much problems paying its short term obligations.
The Current ratio of CIG (1.06) is better than 70.21% of its industry peers.
CIG has a Quick Ratio of 1.06. This is a normal value and indicates that CIG is financially healthy and should not expect problems in meeting its short term obligations.
CIG's Quick ratio of 1.06 is fine compared to the rest of the industry. CIG outperforms 72.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
CIG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.11%.
The Earnings Per Share has been growing by 26.37% on average over the past years. This is a very strong growth
The Revenue has grown by 8.06% in the past year. This is quite good.
The Revenue has been growing by 9.33% on average over the past years. This is quite good.
EPS 1Y (TTM)5.11%
EPS 3Y15.64%
EPS 5Y26.37%
EPS Q2Q%-28.83%
Revenue 1Y (TTM)8.06%
Revenue growth 3Y5.78%
Revenue growth 5Y9.33%
Sales Q2Q%14.31%
3.2 Future
CIG is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -21.41% yearly.
The Revenue is expected to grow by 2.16% on average over the next years.
EPS Next Y-49.02%
EPS Next 2Y-28.81%
EPS Next 3Y-21.41%
EPS Next 5YN/A
Revenue Next Year5.06%
Revenue Next 2Y2.02%
Revenue Next 3Y2.16%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 4.71, which indicates a rather cheap valuation of CIG.
Compared to the rest of the industry, the Price/Earnings ratio of CIG indicates a rather cheap valuation: CIG is cheaper than 91.49% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.24. CIG is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 8.20 indicates a reasonable valuation of CIG.
CIG's Price/Forward Earnings ratio is rather cheap when compared to the industry. CIG is cheaper than 87.23% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.82, CIG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.71 | ||
| Fwd PE | 8.2 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CIG is valued cheaper than 93.62% of the companies in the same industry.
CIG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CIG is cheaper than 95.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.09 | ||
| EV/EBITDA | 5.85 |
4.3 Compensation for Growth
CIG has a very decent profitability rating, which may justify a higher PE ratio.
CIG's earnings are expected to decrease with -21.41% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.18
EPS Next 2Y-28.81%
EPS Next 3Y-21.41%
5. Dividend
5.1 Amount
CIG has a Yearly Dividend Yield of 3.11%.
Compared to an average industry Dividend Yield of 3.53, CIG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, CIG pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.11% |
5.2 History
The dividend of CIG is nicely growing with an annual growth rate of 36.34%!
CIG has paid a dividend for at least 10 years, which is a reliable track record.
CIG has decreased its dividend recently.
Dividend Growth(5Y)36.34%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
CIG pays out 61.32% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of CIG has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP61.32%
EPS Next 2Y-28.81%
EPS Next 3Y-21.41%
1.98
+0.08 (+4.21%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners62.62%
Inst Owner Change-3.06%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.66B
Analysts47.78
Price Target2.09 (5.56%)
Short Float %0.27%
Short Ratio1.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.11% |
Yearly Dividend0.27
Dividend Growth(5Y)36.34%
DP61.32%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.6%
Min EPS beat(2)-25.21%
Max EPS beat(2)36.42%
EPS beat(4)3
Avg EPS beat(4)19.29%
Min EPS beat(4)-25.21%
Max EPS beat(4)61.31%
EPS beat(8)6
Avg EPS beat(8)765.54%
EPS beat(12)9
Avg EPS beat(12)512.66%
EPS beat(16)12
Avg EPS beat(16)407.36%
Revenue beat(2)2
Avg Revenue beat(2)6.5%
Min Revenue beat(2)1.98%
Max Revenue beat(2)11.01%
Revenue beat(4)4
Avg Revenue beat(4)8.99%
Min Revenue beat(4)1.8%
Max Revenue beat(4)21.17%
Revenue beat(8)7
Avg Revenue beat(8)8.45%
Revenue beat(12)9
Avg Revenue beat(12)5.45%
Revenue beat(16)12
Avg Revenue beat(16)9.18%
PT rev (1m)1.13%
PT rev (3m)-1.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.52%
EPS NY rev (1m)-2.89%
EPS NY rev (3m)-2.89%
Revenue NQ rev (1m)-3.35%
Revenue NQ rev (3m)-2.18%
Revenue NY rev (1m)2.24%
Revenue NY rev (3m)2.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.71 | ||
| Fwd PE | 8.2 | ||
| P/S | 0.76 | ||
| P/FCF | 7.09 | ||
| P/OCF | 5.92 | ||
| P/B | 1.11 | ||
| P/tB | 2.86 | ||
| EV/EBITDA | 5.85 |
EPS(TTM)0.42
EY21.21%
EPS(NY)0.24
Fwd EY12.2%
FCF(TTM)0.28
FCFY14.11%
OCF(TTM)0.33
OCFY16.89%
SpS2.6
BVpS1.78
TBVpS0.69
PEG (NY)N/A
PEG (5Y)0.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.96% | ||
| ROE | 25.09% | ||
| ROCE | 13.32% | ||
| ROIC | 10.67% | ||
| ROICexc | 10.67% | ||
| ROICexgc | 16.33% | ||
| OM | 16.17% | ||
| PM (TTM) | 17.25% | ||
| GM | 19.8% | ||
| FCFM | 10.76% |
ROA(3y)10.01%
ROA(5y)8.5%
ROE(3y)22.72%
ROE(5y)20.77%
ROIC(3y)11.63%
ROIC(5y)10.86%
ROICexc(3y)11.88%
ROICexc(5y)11.36%
ROICexgc(3y)18.79%
ROICexgc(5y)17.51%
ROCE(3y)14.51%
ROCE(5y)13.56%
ROICexcg growth 3Y-2.21%
ROICexcg growth 5Y18.09%
ROICexc growth 3Y-3.95%
ROICexc growth 5Y15.07%
OM growth 3Y-4.19%
OM growth 5Y7.35%
PM growth 3Y17.03%
PM growth 5Y7.36%
GM growth 3Y0.83%
GM growth 5Y-2.38%
F-Score3
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.59 | ||
| Debt/EBITDA | 1.62 | ||
| Cap/Depr | 61.09% | ||
| Cap/Sales | 2.12% | ||
| Interest Coverage | 5.88 | ||
| Cash Conversion | 65.57% | ||
| Profit Quality | 62.37% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 1.82 |
F-Score3
WACC10.91%
ROIC/WACC0.98
Cap/Depr(3y)63.61%
Cap/Depr(5y)46.13%
Cap/Sales(3y)2.2%
Cap/Sales(5y)1.59%
Profit Quality(3y)104.03%
Profit Quality(5y)139.72%
High Growth Momentum
Growth
EPS 1Y (TTM)5.11%
EPS 3Y15.64%
EPS 5Y26.37%
EPS Q2Q%-28.83%
EPS Next Y-49.02%
EPS Next 2Y-28.81%
EPS Next 3Y-21.41%
EPS Next 5YN/A
Revenue 1Y (TTM)8.06%
Revenue growth 3Y5.78%
Revenue growth 5Y9.33%
Sales Q2Q%14.31%
Revenue Next Year5.06%
Revenue Next 2Y2.02%
Revenue Next 3Y2.16%
Revenue Next 5YN/A
EBIT growth 1Y-7.22%
EBIT growth 3Y1.34%
EBIT growth 5Y17.37%
EBIT Next Year-8.56%
EBIT Next 3Y-2.95%
EBIT Next 5Y3.62%
FCF growth 1Y-29.63%
FCF growth 3Y9.88%
FCF growth 5Y110.69%
OCF growth 1Y-20.68%
OCF growth 3Y14.28%
OCF growth 5Y21.96%