(CIG) Companhia Energetica de - Overview

Sector: Utilities | Industry: Utilities - Diversified | Exchange: NYSE (USA) | Market Cap: 7.375m USD | Total Return: 64.1% in 12m

Stock Electricity, Transmission, Distribution, Gas
Total Rating 57
Risk 58
Buy Signal 0.47
Utilities - Diversified -4.9
Electric Utilities -4.9
Market Cap: 7,375m
Avg Trading Vol: 20.6M USD
ATR: 3.29%
Peers RS (IBD): 87.8
Risk 5d forecast
Volatility34.2%
Rel. Tail Risk-2.95%
Reward TTM
Sharpe Ratio1.53
Alpha42.21
Character TTM
Beta0.690
Beta Downside2.007
Drawdowns 3y
Max DD22.05%
CAGR/Max DD2.16
EPS (Earnings per Share) EPS (Earnings per Share) of CIG over the last years for every Quarter: "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": 0.0525, "2025-12": 0.124, "2026-03": 0,
EPS CAGR: -4.46%
EPS Trend: 11.3%
Last SUE: -1.22
Qual. Beats: 0
Revenue Revenue of CIG over the last years for every Quarter: 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, 2025-12: 11675.89783, 2026-03: null,
Rev. CAGR: 11.18%
Rev. Trend: 86.7%
Last SUE: 0.27
Qual. Beats: 0
Description: CIG Companhia Energetica de

Companhia Energética de Minas Gerais (CEMIG), listed on the NYSE as CIG, is a vertically integrated Brazilian utility that generates, transmits, distributes, and sells electricity. Its generation mix includes 36 hydro plants (4,449 MW), two wind farms (70.8 MW) and ten solar parks (158.99 MW), supported by an extensive network of 357,044 mi of distribution and 4,754 mi of transmission lines. The firm also operates in natural-gas logistics, energy trading, solar-plant leasing, and a suite of efficiency and storage services.

In 2024 CEMIG reported revenue of BRL 42.5 bn and a net profit of BRL 5.2 bn, yielding an EBITDA margin of roughly 30% and a debt-to-equity ratio of 1.2, reflecting a solid cash-flow profile despite Brazil’s high-interest environment. The company added 120 MW of solar capacity in 2023, positioning it to benefit from Brazil’s target of 45% renewable electricity by 2030 and from projected domestic demand growth of ~2.5% CAGR through the decade.

For a deeper dive into CEMIG’s valuation and risk factors, you might explore its profile on ValueRay.

Headlines to Watch Out For
  • Brazilian economic growth drives electricity demand
  • Hydropower generation impacted by drought conditions
  • Government energy policy and regulation changes
  • Commodity price volatility affects generation costs
  • Distribution network expansion requires significant capital
Piotroski VR‑10 (Strict) 4.0
Net Income: 4.93b TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -3.27 > 1.0
NWC/Revenue: 0.04% < 20% (prev -4.90%; Δ 4.94% < -1%)
CFO/TA 0.06 > 3% & CFO 4.11b > Net Income 4.93b
Net Debt (17.97b) to EBITDA (6.94b): 2.59 < 3
Current Ratio: 1.00 > 1.5 & < 3
Outstanding Shares: last quarter (2.86b) vs 12m ago 0.00% < -2%
Gross Margin: 14.34% > 18% (prev 0.22%; Δ 1.41k% > 0.5%)
Asset Turnover: 67.53% > 50% (prev 65.33%; Δ 2.20% > 0%)
Interest Coverage Ratio: 6.90 > 6 (EBITDA TTM 6.94b / Interest Expense TTM 787.6m)
Altman Z'' 1.92
A: 0.00 (Total Current Assets 14.47b - Total Current Liabilities 14.46b) / Total Assets 66.99b
B: 0.17 (Retained Earnings 11.48b / Total Assets 66.99b)
C: 0.09 (EBIT TTM 5.43b / Avg Total Assets 63.36b)
D: 0.74 (Book Value of Equity 28.56b / Total Liabilities 38.43b)
Altman-Z'' Score: 1.92 = BBB
Beneish M -2.22
DSRI: 1.29 (Receivables 9.56b/6.74b, Revenue 42.79b/39.02b)
GMI: 1.54 (GM 14.34% / 22.11%)
AQI: 0.99 (AQ_t 0.72 / AQ_t-1 0.73)
SGI: 1.10 (Revenue 42.79b / 39.02b)
TATA: 0.01 (NI 4.93b - CFO 4.11b) / TA 66.99b)
Beneish M-Score: -2.22 (Cap -4..+1) = BB
What is the price of CIG shares? As of April 02, 2026, the stock is trading at USD 2.39 with a total of 10,970,540 shares traded.
Over the past week, the price has changed by +2.81%, over one month by +8.22%, over three months by +19.78% and over the past year by +64.09%.
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.
  • StrongBuy: 0
  • Buy: 0
  • Hold: 1
  • Sell: 2
  • StrongSell: 0
What are the forecasts/targets for the CIG price?
Wallstreet Target Price 2.2 -10%
Analysts Target Price 2.2 -10%
CIG Fundamental Data Overview as of 01 April 2026
Market Cap BRL = 38.64b (7.38b USD * 5.2388 USD.BRL)
P/E Trailing = 7.0606
P/E Forward = 10.1833
P/S = 0.1725
P/B = 1.1849
P/EG = 0.3271
Revenue TTM = 42.79b BRL
EBIT TTM = 5.43b BRL
EBITDA TTM = 6.94b BRL
Long Term Debt = 16.41b BRL (from longTermDebt, last quarter)
Short Term Debt = 3.14b BRL (from shortTermDebt, last quarter)
Debt = 19.87b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 17.97b BRL (from netDebt column, last quarter)
Enterprise Value = 55.85b BRL (38.64b + Debt 19.87b - CCE 2.66b)
Interest Coverage Ratio = 6.90 (Ebit TTM 5.43b / Interest Expense TTM 787.6m)
EV/FCF = 31.99x (Enterprise Value 55.85b / FCF TTM 1.75b)
FCF Yield = 3.13% (FCF TTM 1.75b / Enterprise Value 55.85b)
FCF Margin = 4.08% (FCF TTM 1.75b / Revenue TTM 42.79b)
Net Margin = 11.51% (Net Income TTM 4.93b / Revenue TTM 42.79b)
Gross Margin = 14.34% ((Revenue TTM 42.79b - Cost of Revenue TTM 36.65b) / Revenue TTM)
Gross Margin QoQ = 14.19% (prev 10.23%)
Tobins Q-Ratio = 0.83 (Enterprise Value 55.85b / Total Assets 66.99b)
Interest Expense / Debt = 2.36% (Interest Expense 468.2m / Debt 19.87b)
Taxrate = 15.99% (362.4m / 2.27b)
NOPAT = 4.57b (EBIT 5.43b * (1 - 15.99%))
Current Ratio = 1.00 (Total Current Assets 14.47b / Total Current Liabilities 14.46b)
Debt / Equity = 0.70 (Debt 19.87b / totalStockholderEquity, last quarter 28.56b)
Debt / EBITDA = 2.59 (Net Debt 17.97b / EBITDA 6.94b)
Debt / FCF = 10.29 (Net Debt 17.97b / FCF TTM 1.75b)
Total Stockholder Equity = 28.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.78% (Net Income 4.93b / Total Assets 66.99b)
RoE = 17.33% (Net Income TTM 4.93b / Total Stockholder Equity 28.42b)
RoCE = 12.12% (EBIT 5.43b / Capital Employed (Equity 28.42b + L.T.Debt 16.41b))
RoIC = 10.12% (NOPAT 4.57b / Invested Capital 45.11b)
WACC = 6.23% (E(38.64b)/V(58.51b) * Re(8.41%) + D(19.87b)/V(58.51b) * Rd(2.36%) * (1-Tc(0.16)))
Discount Rate = 8.41% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.00%
[DCF] Terminal Value 84.68% ; FCFF base≈2.45b ; Y1≈2.29b ; Y5≈2.13b
[DCF] Fair Price = 21.79 (EV 59.45b - Net Debt 17.97b = Equity 41.48b / Shares 1.90b; r=6.23% [WACC]; 5y FCF grow -8.16% → 3.0% )
EPS Correlation: 11.35 | EPS CAGR: -4.46% | SUE: -1.22 | # QB: 0
Revenue Correlation: 86.69 | Revenue CAGR: 11.18% | SUE: 0.27 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.05 | Chg7d=-0.002 | Chg30d=-0.002 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=0.21 | Chg7d=+0.033 | Chg30d=+0.033 | Revisions Net=-1 | Growth EPS=-33.6% | Growth Revenue=-17.6%
EPS next Year (2027-12-31): EPS=0.17 | Chg7d=-0.013 | Chg30d=-0.013 | Revisions Net=-1 | Growth EPS=-19.1% | Growth Revenue=+6.8%
External Resources
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