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GuruFocus has detected 6 Warning Signs with Energy Company of Minas Gerais $CIG.
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Energy Company of Minas Gerais (NYSE:CIG)
Non-Recurring Items
$-183 Mil (TTM As of Dec. 2016)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Energy Company of Minas Gerais's non-recurring items for the three months ended in Dec. 2016 was $201 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $-183 Mil.

As of today, Energy Company of Minas Gerais's share price is $2.33. Energy Company of Minas Gerais's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $0.02. Therefore, Energy Company of Minas Gerais's P/E (NRI) ratio for today is 96.58.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Energy Company of Minas Gerais Non-Recurring Items for the trailing twelve months (TTM) ended in Dec. 2016 was -27.4432125473 (Mar. 2016 ) + 76.705030087 (Jun. 2016 ) + -432.930960285 (Sep. 2016 ) + 200.546213476 (Dec. 2016 ) = $-183 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Energy Company of Minas Gerais's P/E (NRI) Ratio for today is calculated as

P/E (NRI)=Share Price/Earnings per share without Non-Recurring Items
=2.33/0.0241261794657
=96.58

Energy Company of Minas Gerais's Share Price of today is $2.33.
Energy Company of Minas Gerais's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Dec. 2016 was 0.00108166576528 (Mar. 2016 ) + 0.0467371618858 (Jun. 2016 ) + 0.10451248002 (Sep. 2016 ) + -0.128205128205 (Dec. 2016 ) = $0.02.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Energy Company of Minas Gerais Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Non Operating Income 298182002931,591578100301-171

Energy Company of Minas Gerais Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Non Operating Income -57-1225664841-2777-433201
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