(CIG) Companhia Energetica de - Ratings and Ratios
Electricity, Transmission, Distribution, Gas
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 15.46% |
| Yield on Cost 5y | 40.28% |
| Yield CAGR 5y | 2.18% |
| Payout Consistency | 73.7% |
| Payout Ratio | 54.1% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 34.2% |
| Value at Risk 5%th | 55.4% |
| Relative Tail Risk | -1.54% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.16 |
| Alpha | 30.52 |
| CAGR/Max DD | 2.05 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.466 |
| Beta | 0.430 |
| Beta Downside | 0.208 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.06% |
| Mean DD | 6.90% |
| Median DD | 6.62% |
Description: CIG Companhia Energetica de January 08, 2026
Companhia Energética de Minas Gerais (CEMIG) - ticker CIG on NYSE - is a vertically integrated Brazilian utility that generates, transmits, distributes, and sells electricity, while also operating gas-related businesses and a suite of energy-service activities. The firm was founded in 1952 and is headquartered in Belo Horizonte.
As of 31 Dec 2024, CEMIG’s generation portfolio comprised 36 hydroelectric plants (≈ 4,449 MW), 2 wind farms (≈ 71 MW) and 10 solar PV stations (≈ 159 MW). Its grid footprint includes roughly 357,000 mi of distribution lines and 4,754 mi of transmission lines, supporting both regulated and competitive market sales. The company also offers gas transportation, energy trading, solar-plant rental, distributed generation, cogeneration, and energy-efficiency services.
Key quantitative drivers (as of the most recent filings) include an EBITDA margin of ~ 30 % and a net-debt-to-EBITDA ratio near 2.5×, reflecting the capital-intensive nature of utility assets. Revenue is highly sensitive to Brazil’s regulated electricity tariffs, which are indexed to inflation and exchange-rate movements, and to macro-level demand growth of roughly 2-3 % p.a. in the Minas Gerais region. The ongoing de-carbonization agenda is expanding the share of non-hydro renewables; CEMIG’s wind and solar capacity now represents ~ 5 % of total generation, a figure that is expected to rise as the company pursues its 2028 target of 10 % renewable share.
For a deeper, data-rich assessment of CEMIG’s valuation and risk profile, the ValueRay platform offers a structured, up-to-date analysis that can complement your own research.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 4.02b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -2.11 > 1.0 |
| NWC/Revenue: -3.66% < 20% (prev 1.80%; Δ -5.46% < -1%) |
| CFO/TA 0.02 > 3% & CFO 1.36b > Net Income 4.02b |
| Net Debt (14.38b) to EBITDA (5.20b): 2.77 < 3 |
| Current Ratio: 0.90 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.86b) vs 12m ago 0.00% < -2% |
| Gross Margin: 15.41% > 18% (prev 0.19%; Δ 1521 % > 0.5%) |
| Asset Turnover: 66.20% > 50% (prev 59.36%; Δ 6.84% > 0%) |
| Interest Coverage Ratio: 11.70 > 6 (EBITDA TTM 5.20b / Interest Expense TTM 352.2m) |
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 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) |
| Altman-Z'' Score: 1.86 = BBB |
Beneish M -2.74
| DSRI: 0.84 (Receivables 6.69b/7.01b, Revenue 42.29b/37.40b) |
| GMI: 1.26 (GM 15.41% / 19.40%) |
| AQI: 1.07 (AQ_t 0.73 / AQ_t-1 0.68) |
| SGI: 1.13 (Revenue 42.29b / 37.40b) |
| TATA: 0.04 (NI 4.02b - CFO 1.36b) / TA 64.75b) |
| Beneish M-Score: -2.74 (Cap -4..+1) = A |
ValueRay F-Score (Strict, 0-100) 66.77
| 1. Piotroski: 5.50pt |
| 2. FCF Yield: 4.87% |
| 3. FCF Margin: 5.90% |
| 4. Debt/Equity: 0.55 |
| 5. Debt/Ebitda: 2.77 |
| 6. ROIC - WACC: 3.78% |
| 7. RoE: 14.29% |
| 8. Revenue Trend: 72.04% |
| 9. EPS Trend: 2.07% |
What is the price of CIG shares?
Over the past week, the price has changed by +5.42%, over one month by +7.04%, over three months by +9.69% and over the past year by +37.00%.
Is CIG a buy, sell or hold?
- 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 | 2 | -6.5% |
| Analysts Target Price | 2 | -6.5% |
| ValueRay Target Price | 3.3 | 52.8% |
CIG Fundamental Data Overview January 25, 2026
P/E Trailing = 5.093
P/E Forward = 9.7371
P/S = 0.1634
P/B = 1.1529
Revenue TTM = 42.29b BRL
EBIT TTM = 4.12b BRL
EBITDA TTM = 5.20b BRL
Long Term Debt = 12.43b BRL (from longTermDebt, last quarter)
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 = 51.22b BRL (36.67b + Debt 15.84b - CCE 1.28b)
Interest Coverage Ratio = 11.70 (Ebit TTM 4.12b / Interest Expense TTM 352.2m)
EV/FCF = 20.51x (Enterprise Value 51.22b / FCF TTM 2.50b)
FCF Yield = 4.87% (FCF TTM 2.50b / Enterprise Value 51.22b)
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 = 0.79 (Enterprise Value 51.22b / Total Assets 64.75b)
Interest Expense / Debt = 0.51% (Interest Expense 81.1m / 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 = 6.29% (Net Income 4.02b / Total Assets 64.75b)
RoE = 14.29% (Net Income TTM 4.02b / Total Stockholder Equity 28.12b)
RoCE = 10.16% (EBIT 4.12b / Capital Employed (Equity 28.12b + L.T.Debt 12.43b))
RoIC = 9.16% (NOPAT 3.88b / Invested Capital 42.32b)
WACC = 5.38% (E(36.67b)/V(52.50b) * Re(7.50%) + D(15.84b)/V(52.50b) * Rd(0.51%) * (1-Tc(0.06)))
Discount Rate = 7.50% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -81.65 | Cagr: -0.02%
[DCF Debug] Terminal Value 86.71% ; FCFF base≈3.00b ; Y1≈3.12b ; Y5≈3.57b
Fair Price DCF = 48.11 (EV 105.98b - Net Debt 14.38b = Equity 91.60b / Shares 1.90b; r=5.90% [WACC]; 5y FCF grow 4.14% → 2.90% )
EPS Correlation: 2.07 | EPS CAGR: -40.75% | SUE: -1.40 | # QB: 0
Revenue Correlation: 72.04 | Revenue CAGR: 2.57% | SUE: 0.12 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.05 | Chg30d=+0.001 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.15 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=-28.6% | Growth Revenue=-10.4%
Additional Sources for CIG Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle