Overview Dividends

(CIG) Companhia Energetica de - Ratings and Ratios

Exchange: NYSE • Country: Brazil • Currency: USD • Type: Common Stock • ISIN: US2044096012

Electricity, Gas, Transmission, Distribution

EPS (Earnings per Share)

EPS (Earnings per Share) of CIG over the last years for every Quarter: "2020-09": 0.0687, "2020-12": 0.15, "2021-03": 0.04, "2021-06": 0.22, "2021-09": 0.0449, "2021-12": 0.0534, "2022-03": 0.0918, "2022-06": 0.0028, "2022-09": 0.0646, "2022-12": 0.0633, "2023-03": 0.1012, "2023-06": -0.0079, "2023-09": 0.0793, "2023-12": 0.1729, "2024-03": 0.0814, "2024-06": 0.11, "2024-09": 0.1981, "2024-12": 0.0612, "2025-03": 0.0638, "2025-06": 0.0775, "2025-09": 0.053,
EPS CAGR: -6.25%
EPS Trend: 4.4%
Last SUE: -0.21σ
Qual. Beats: 0

Revenue

Revenue of CIG over the last years for every Quarter: 2020-09: 6421.183, 2020-12: 7264.716, 2021-03: 7110.741, 2021-06: 7353.982, 2021-09: 9525, 2021-12: 9656.61, 2022-03: 7847, 2022-06: 8213.38, 2022-09: 9223.311, 2022-12: 9179.172, 2023-03: 8512.171, 2023-06: 8819.517, 2023-09: 9426.629, 2023-12: 9561.395, 2024-03: 8929.242, 2024-06: 8857.409, 2024-09: 10055.194, 2024-12: 11176.877, 2025-03: 9705.774, 2025-06: 10786.295, 2025-09: 10619.741,
Revenue CAGR: 5.44%
Revenue Trend: 77.5%
Last SUE: 0.12σ
Qual. Beats: 0
Risk via 10d forecast
Volatility 31.8%
Value at Risk 5%th 53.1%
Relative Tail Risk 1.33%
Reward TTM
Sharpe Ratio 0.48
Alpha 1.86
Character TTM
Hurst Exponent 0.619
Beta 0.466
Beta Downside 0.380
Drawdowns 3y
Max DD 22.06%
Mean DD 6.88%
Median DD 6.46%

Description: CIG Companhia Energetica de November 05, 2025

Companhia Energética de Minas Gerais (CEMIG) operates across the full electricity value chain in Brazil, encompassing generation, transmission, distribution, and retail. As of 31 December 2024 the firm runs 36 hydroelectric plants (4,449 MW), two wind farms (70.8 MW) and ten solar parks (158.99 MW), supported by 357,044 mi of distribution lines and 4,754 mi of transmission lines. Its ancillary businesses include natural-gas logistics, energy trading, solar-plant leasing, cogeneration, and energy-efficiency services.

Key financial and sector indicators that shape CEMIG’s outlook include: (1) 2024 adjusted EBITDA of roughly BRL 9.8 bn, yielding an EBITDA margin near 30 %-a level that reflects both regulated tariff stability and the high-margin nature of its renewable assets; (2) a net debt-to-EBITDA ratio of 2.1×, indicating moderate leverage relative to peers in the Latin American utility space; and (3) Brazil’s electricity demand growth of 2.2 % YoY in 2024, driven by industrial expansion and a policy push toward renewable integration, which underpins CEMIG’s long-term volume growth. The company’s exposure to hydro-dependent generation also makes it sensitive to El Niño-related precipitation patterns, a risk that analysts typically model using historical hydrological indices.

If you want a data-rich, scenario-based assessment of CIG’s valuation and risk profile, the ValueRay platform provides a concise, analyst-friendly dashboard to explore further.

CIG Stock Overview

Market Cap in USD 6,615m
Sub-Industry Electric Utilities
IPO / Inception 1996-11-18
Return 12m vs S&P 500 0.84%
Analyst Rating 2.33 of 5

CIG Dividends

Metric Value
Dividend Yield 10.78%
Yield on Cost 5y 15.60%
Yield CAGR 5y 47.71%
Payout Consistency 37.7%
Payout Ratio 74.4%

CIG Growth Ratios

Metric Value
CAGR 3y 17.62%
CAGR/Max DD Calmar Ratio 0.80
CAGR/Mean DD Pain Ratio 2.56
Current Volume 2260k
Average Volume 2710.1k

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (4.02b TTM) > 0 and > 6% of Revenue (6% = 2.54b TTM)
FCFTA 0.04 (>2.0%) and ΔFCFTA -2.11pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -3.66% (prev 1.80%; Δ -5.46pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.02 (>3.0%) and CFO 1.36b <= Net Income 4.02b (YES >=105%, WARN >=100%)
Net Debt (14.38b) to EBITDA (5.20b) ratio: 2.77 <= 3.0 (WARN <= 3.5)
Current Ratio 0.90 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (2.86b) change vs 12m ago 0.00% (target <= -2.0% for YES)
Gross Margin 15.41% (prev 19.40%; Δ -4.00pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 66.20% (prev 59.36%; Δ 6.84pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 8.56 (EBITDA TTM 5.20b / Interest Expense TTM 481.4m) >= 6 (WARN >= 3)

Altman Z'' 1.86

(A) -0.02 = (Total Current Assets 13.33b - Total Current Liabilities 14.88b) / Total Assets 64.75b
(B) 0.23 = Retained Earnings (Balance) 14.87b / Total Assets 64.75b
(C) 0.06 = EBIT TTM 4.12b / Avg Total Assets 63.88b
(D) 0.80 = Book Value of Equity 28.73b / Total Liabilities 36.02b
Total Rating: 1.86 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 66.75

1. Piotroski 5.0pt
2. FCF Yield 5.08%
3. FCF Margin 5.90%
4. Debt/Equity 0.55
5. Debt/Ebitda 2.77
6. ROIC - WACC (= 3.67)%
7. RoE 14.29%
8. Rev. Trend 77.48%
9. EPS Trend 4.40%

What is the price of CIG shares?

As of November 25, 2025, the stock is trading at USD 2.04 with a total of 2,260,026 shares traded.
Over the past week, the price has changed by -5.12%, over one month by +3.55%, over three months by +4.57% and over the past year by +14.23%.

Is CIG a buy, sell or hold?

Companhia Energetica de has received a consensus analysts rating of 2.33. Therefor, it is recommend to sell CIG.
  • Strong Buy: 0
  • Buy: 0
  • Hold: 1
  • Sell: 2
  • Strong Sell: 0

What are the forecasts/targets for the CIG price?

Issuer Target Up/Down from current
Wallstreet Target Price 1.9 -4.9%
Analysts Target Price 1.9 -4.9%
ValueRay Target Price 2.6 27.5%

CIG Fundamental Data Overview November 22, 2025

Market Cap BRL = 35.64b (6.61b USD * 5.3884 USD.BRL)
P/E Trailing = 4.6977
P/E Forward = 9.2678
P/S = 0.1559
P/B = 1.109
Beta = 0.354
Revenue TTM = 42.29b BRL
EBIT TTM = 4.12b BRL
EBITDA TTM = 5.20b BRL
Long Term Debt = 9.40b BRL (from longTermDebt, last fiscal year)
Short Term Debt = 3.07b BRL (from shortTermDebt, last quarter)
Debt = 15.84b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 14.38b BRL (from netDebt column, last quarter)
Enterprise Value = 49.16b BRL (35.64b + Debt 15.84b - CCE 2.32b)
Interest Coverage Ratio = 8.56 (Ebit TTM 4.12b / Interest Expense TTM 481.4m)
FCF Yield = 5.08% (FCF TTM 2.50b / Enterprise Value 49.16b)
FCF Margin = 5.90% (FCF TTM 2.50b / Revenue TTM 42.29b)
Net Margin = 9.51% (Net Income TTM 4.02b / Revenue TTM 42.29b)
Gross Margin = 15.41% ((Revenue TTM 42.29b - Cost of Revenue TTM 35.77b) / Revenue TTM)
Gross Margin QoQ = 10.23% (prev 15.67%)
Tobins Q-Ratio = 0.76 (Enterprise Value 49.16b / Total Assets 64.75b)
Interest Expense / Debt = 1.19% (Interest Expense 188.6m / Debt 15.84b)
Taxrate = 5.88% (49.8m / 846.5m)
NOPAT = 3.88b (EBIT 4.12b * (1 - 5.88%))
Current Ratio = 0.90 (Total Current Assets 13.33b / Total Current Liabilities 14.88b)
Debt / Equity = 0.55 (Debt 15.84b / totalStockholderEquity, last quarter 28.73b)
Debt / EBITDA = 2.77 (Net Debt 14.38b / EBITDA 5.20b)
Debt / FCF = 5.76 (Net Debt 14.38b / FCF TTM 2.50b)
Total Stockholder Equity = 28.12b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.21% (Net Income 4.02b / Total Assets 64.75b)
RoE = 14.29% (Net Income TTM 4.02b / Total Stockholder Equity 28.12b)
RoCE = 10.98% (EBIT 4.12b / Capital Employed (Equity 28.12b + L.T.Debt 9.40b))
RoIC = 9.36% (NOPAT 3.88b / Invested Capital 41.41b)
WACC = 5.70% (E(35.64b)/V(51.48b) * Re(7.73%) + D(15.84b)/V(51.48b) * Rd(1.19%) * (1-Tc(0.06)))
Discount Rate = 7.73% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 81.65 | Cagr: 0.00%
[DCF Debug] Terminal Value 78.85% ; FCFE base≈3.00b ; Y1≈3.12b ; Y5≈3.58b
Fair Price DCF = 33.00 (DCF Value 62.83b / Shares Outstanding 1.90b; 5y FCF grow 4.14% → 3.0% )
EPS Correlation: 4.40 | EPS CAGR: -6.25% | SUE: -0.21 | # QB: 0
Revenue Correlation: 77.48 | Revenue CAGR: 5.44% | SUE: 0.12 | # QB: 0

Additional Sources for CIG Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle