CIG Stock Analysis: Companhia Energetica de | NYSE
Utilities - Regulated Electric | NYSE, USA | Market Cap: 6.236m USD | 12M Return: 33.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.1M
EPS Trend: 23.5%
Qual. Beats: 0
Rev. Trend: 97.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Companhia Energética de Minas Gerais (CEMIG) is a Brazilian integrated electric utility engaged in the generation, transmission, distribution, and sale of energy. Its generation portfolio is predominantly hydroelectric, supplemented by wind and solar assets, alongside an extensive distribution and transmission network. Beyond electricity, the company participates in gas distribution, energy trading, transmission infrastructure services, and distributed generation and energy efficiency activities.
Founded in 1952 and headquartered in Belo Horizonte, CEMIG operates as a vertically integrated utility, a structure common among Brazilian state-influenced power companies. It trades on the NYSE as a Level I/II sponsored American Depositary Receipt (ADR) under the ticker CIG, allowing U.S. investors indirect exposure to the Brazilian electricity sector, which is largely regulated by the National Electric Energy Agency (ANEEL).
- Hydro generation volumes depend on Brazilian rainfall and reservoir levels
- ANEEL tariff revisions shape distribution segment margins
- BRL exchange rate swings impact ADR returns and dollar-denominated debt costs
| Net Income: 4.87b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.74 > 1.0 |
| NWC/Revenue: -2.41% < 20% (prev 2.18%; Δ -4.59% < -1%) |
| CFO/TA 0.09 > 3% & CFO 6.18b > Net Income 4.87b |
| Net Debt (18.4b) to EBITDA (6.80b): 2.71 < 3 |
| Current Ratio: 0.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.86b) vs 12m ago -0.00% < -2% |
| Gross Margin: 13.00% > 18% (prev 21.19%; Δ -8.19% > 0.5%) |
| Asset Turnover: 66.36% > 50% (prev 62.28%; Δ 4.08% > 0%) |
| Interest Coverage Ratio: 3.95 > 6 (EBIT TTM 5.27b / Interest Expense TTM 1.33b) |
| A: -0.02 (Total Current Assets 14.2b - Total Current Liabilities 15.3b) / Total Assets 67.3b |
| B: 0.17 (Retained Earnings 11.7b / Total Assets 67.3b) |
| C: 0.08 (EBIT TTM 5.27b / Avg Total Assets 65.6b) |
| D: 0.74 (Book Value of Equity 28.5b / Total Liabilities 38.8b) |
| Altman-Z'' = 1.77 = BBB |
| DSRI: 1.04 (Receivables 8.37b/7.34b, Revenue 43.5b/39.8b) |
| GMI: 1.63 (GM 21.19% / 13.00%) |
| AQI: 1.04 (AQ_t 0.72 / AQ_t-1 0.69) |
| SGI: 1.09 (Revenue 43.5b / 39.8b) |
| TATA: -0.02 (NI 4.87b - CFO 6.18b) / TA 67.3b) |
| Beneish M = -2.33 (Cap -4..+1) = BBB |
As of July 24, 2026, the stock is trading at USD 2.21 with a total of 4,616,658 shares traded. Over the past week, the price has changed by +2.31%, over one month by +8.50%, over three months by -12.35% and over the past year by +33.69%.
Current recommended Stop Loss: 2.10 (which is 5% or 2.2 ATR below the current price).
Companhia Energetica de has received a consensus analysts rating of 2.33. Therefore, it is recommended to sell CIG.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 2.1 | -3.2% |
Market Cap BRL = 31.6b (6.24b USD * 5.0732 USD.BRL)
P/E Trailing = 6.6061
P/E Forward = 10.1833
P/S = 0.1438
P/B = 1.105
P/EG = 0.3271
Revenue TTM = 43.5b BRL
EBIT TTM = 5.27b BRL
EBITDA TTM = 6.80b BRL
Long Term Debt = 16.4b BRL (from longTermDebt, last fiscal year)
Short Term Debt = 3.13b BRL (from shortTermDebt, last quarter)
Debt = 20.2b BRL (from shortLongTermDebtTotal, last quarter) + Leases 417.2m
Net Debt = 18.4b BRL (calculated: Debt 20.2b - CCE 1.77b)
Enterprise Value = 50.1b BRL (31.6b + Debt 20.2b - CCE 1.77b)
Interest Coverage Ratio = 3.95 (Ebit TTM 5.27b / Interest Expense TTM 1.33b)
EV/FCF = 39.69x (Enterprise Value 50.1b / FCF TTM 1.26b)
FCF Yield = 2.52% (FCF TTM 1.26b / Enterprise Value 50.1b)
FCF Margin = 2.90% (FCF TTM 1.26b / Revenue TTM 43.5b)
Net Margin = 11.18% (Net Income TTM 4.87b / Revenue TTM 43.5b)
Gross Margin = 13.00% ((Revenue TTM 43.5b - Cost of Revenue TTM 37.9b) / Revenue TTM)
Gross Margin QoQ = 11.74% (prev 14.19%)
Tobins Q-Ratio = 0.74 (Enterprise Value 50.1b / Total Assets 67.3b)
Interest Expense / Debt = 6.61% (Interest Expense 1.33b / Debt 20.2b)
Taxrate = 12.13% (672.0m / 5.54b)
NOPAT = 4.63b (EBIT 5.27b * (1 - 12.13%))
Current Ratio = 0.93 (Total Current Assets 14.2b / Total Current Liabilities 15.3b)
Debt / Equity = 0.71 (Debt 20.2b / totalStockholderEquity, last quarter 28.5b)
Debt / EBITDA = 2.71 (Net Debt 18.4b / EBITDA 6.80b)
Debt / FCF = 14.60 (Net Debt 18.4b / FCF TTM 1.26b)
Total Stockholder Equity = 28.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.42% (Net Income 4.87b / Total Assets 67.3b)
RoE = 17.03% (Net Income TTM 4.87b / Total Stockholder Equity 28.6b)
RoCE = 11.71% (EBIT 5.27b / Capital Employed (Equity 28.6b + L.T.Debt 16.4b))
RoIC = 8.67% (NOPAT 4.63b / Invested Capital 53.4b)
WACC = 7.46% (E(31.6b)/V(51.8b) * Re(8.51%) + D(20.2b)/V(51.8b) * Rd(6.61%) * (1-Tc(0.12)))
Discount Rate = 8.51% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 9.08 | Cagr: 0.00%
[DCF] Terminal Value 73.10% ; FCFF base≈1.42b ; Y1≈1.25b ; Y5≈1.01b
[DCF] Fair Price = N/A (negative equity: EV 16.2b - Net Debt 18.4b = -2.21b; debt exceeds intrinsic value)
EPS Correlation: 23.53 | EPS CAGR: 7.74% | SUE: 0.26 | # QB: 0
Revenue Correlation: 97.43 | Revenue CAGR: 8.34% | SUE: 0.39 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.05 | Chg30d=-12.73% | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.05 | Chg30d=-15.25% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.03 | Chg30d=N/A | Revisions=+0% | GrowthEPS=-35.4% | GrowthRev=-19.3%
EPS next Year (2027-12-31): EPS=0.16 | Chg30d=-13.23% | Revisions=-25% | GrowthEPS=-24.1% | GrowthRev=+7.9%