CIG Stock Analysis: Companhia Energetica de | NYSE
Utilities - Regulated Electric | NYSE, USA | Market Cap: 5.893m USD | 12M Return: 15.3% | US2044096012 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 10.6M
EPS Trend: -6.3%
Qual. Beats: 1
Rev. Trend: 97.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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.
CEMIG is a vertically integrated Brazilian electric utility engaged in the generation, transmission, distribution, and sale of energy. Its generation portfolio is dominated by hydroelectric capacity, supplemented by smaller wind and solar assets, and the company also operates extensive distribution and transmission networks. Beyond electricity, CEMIG participates in natural gas transportation and distribution, energy trading, and distributed generation services.
Founded in 1952 and headquartered in
- Hydropower output pressured by Brazil drought conditions
- ANEEL tariff revisions drive distribution segment margins
- Brazilian Real depreciation weighs on ADR dollar returns
| Net Income: 4.62b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.47 > 1.0 |
| NWC/Revenue: 5.15% < 20% (prev -0.15%; Δ 5.30% < -1%) |
| CFO/TA 0.08 > 3% & CFO 5.76b > Net Income 4.62b |
| Net Debt (20.1b) to EBITDA (7.98b): 2.51 < 3 |
| Current Ratio: 1.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.86b) vs 12m ago 0.11% < -2% |
| Gross Margin: 14.48% > 18% (prev 19.65%; Δ -5.17% > 0.5%) |
| Asset Turnover: 65.27% > 50% (prev 65.80%; Δ -0.53% > 0%) |
| Interest Coverage Ratio: 2.80 > 6 (EBIT TTM 5.63b / Interest Expense TTM 2.01b) |
| A: 0.03 (Total Current Assets 15.7b - Total Current Liabilities 13.5b) / Total Assets 70.9b |
| B: 0.21 (Retained Earnings 14.9b / Total Assets 70.9b) |
| C: 0.08 (EBIT TTM 5.63b / Avg Total Assets 67.1b) |
| D: 0.70 (Book Value of Equity 29.2b / Total Liabilities 41.7b) |
| Altman-Z'' = 2.19 = BBB |
| DSRI: 1.03 (Receivables 7.30b/6.76b, Revenue 43.8b/41.7b) |
| GMI: 1.36 (GM 19.65% / 14.48%) |
| AQI: 0.99 (AQ_t 0.71 / AQ_t-1 0.72) |
| SGI: 1.05 (Revenue 43.8b / 41.7b) |
| TATA: -0.02 (NI 4.62b - CFO 5.76b) / TA 70.9b) |
| Beneish M = -2.65 (Cap -4..+1) = A |
As of October 02, 2026, the stock is trading at USD 2.10 with a total of 3,842,822 shares traded. Over the past week, the price has changed by +2.12%, over one month by +2.61%, over three months by +4.28% and over the past year by +15.33%.
Current recommended Stop Loss: 1.90 (which is 9.5% or 3.3 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 | -2.4% |
Market Cap BRL = 30.5b (5.89b USD * 5.17435 USD.BRL)
P/E Trailing = 6.6452
P/E Forward = 9.0909
P/S = 0.1347
P/B = 1.1225
P/EG = 0.3271
Revenue TTM = 43.8b BRL
EBIT TTM = 5.63b BRL
EBITDA TTM = 7.98b BRL
Long Term Debt = 20.8b BRL (from longTermDebt, last quarter)
Short Term Debt = 1.61b BRL (from shortTermDebt, last quarter)
Debt = 23.1b BRL (from shortLongTermDebtTotal, last quarter) + Leases 397.2m
Net Debt = 20.1b BRL (calculated: Debt 23.1b - CCE 3.08b)
Enterprise Value = 50.6b BRL (30.5b + Debt 23.1b - CCE 3.08b)
Interest Coverage Ratio = 2.80 (Ebit TTM 5.63b / Interest Expense TTM 2.01b)
EV/FCF = 49.74x (Enterprise Value 50.6b / FCF TTM 1.02b)
FCF Yield = 2.01% (FCF TTM 1.02b / Enterprise Value 50.6b)
FCF Margin = 2.32% (FCF TTM 1.02b / Revenue TTM 43.8b)
Net Margin = 10.55% (Net Income TTM 4.62b / Revenue TTM 43.8b)
Gross Margin = 14.48% ((Revenue TTM 43.8b - Cost of Revenue TTM 37.5b) / Revenue TTM)
Gross Margin QoQ = 17.50% (prev 11.74%)
Tobins Q-Ratio = 0.71 (Enterprise Value 50.6b / Total Assets 70.9b)
Interest Expense / Debt = 8.70% (Interest Expense 2.01b / Debt 23.1b)
Taxrate = 10.97% (570.0m / 5.20b)
NOPAT = 5.01b (EBIT 5.63b * (1 - 10.97%))
Current Ratio = 1.17 (Total Current Assets 15.7b / Total Current Liabilities 13.5b)
Debt / Equity = 0.79 (Debt 23.1b / totalStockholderEquity, last quarter 29.2b)
Debt / EBITDA = 2.51 (Net Debt 20.1b / EBITDA 7.98b)
Debt / FCF = 19.74 (Net Debt 20.1b / FCF TTM 1.02b)
Total Stockholder Equity = 28.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.89% (Net Income 4.62b / Total Assets 70.9b)
RoE = 16.08% (Net Income TTM 4.62b / Total Stockholder Equity 28.8b)
RoCE = 11.36% (EBIT 5.63b / Capital Employed (Equity 28.8b + L.T.Debt 20.8b))
RoIC = 8.82% (NOPAT 5.01b / Invested Capital 56.8b)
WACC = 8.00% (E(30.5b)/V(53.6b) * Re(8.19%) + D(23.1b)/V(53.6b) * Rd(8.70%) * (1-Tc(0.11)))
Discount Rate = 8.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 53.33 | Cagr: 0.05%
[DCF] Terminal Value 73.10% ; FCFF base≈1.09b ; Y1≈959.0m ; Y5≈774.8m
[DCF] Fair Price = N/A (negative equity: EV 12.4b - Net Debt 20.1b = -7.63b; debt exceeds intrinsic value)
EPS Correlation: -6.28 | EPS CAGR: -1.75% | SUE: 0.97 | # QB: 1
Revenue Correlation: 97.76 | Revenue CAGR: 8.60% | SUE: 0.82 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.05 | Chg30d=-6.00% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.03 | Chg30d=N/A | Revisions=+0% | GrowthEPS=-35.4% | GrowthRev=-10.8%
EPS next Year (2027-12-31): EPS=0.18 | Chg30d=+7.93% | Revisions=-25% | GrowthEPS=-26.2% | GrowthRev=-7.4%