(CIG) Companhia Energetica de - Overview
Exchange: NYSE •
Country: Brazil •
Currency: USD •
Type: Common Stock •
ISIN: US2044096012
Stock: Electricity, Transmission, Distribution, Gas
Total Rating 51
Risk 68
Buy Signal -0.75
| Risk 5d forecast | |
|---|---|
| Volatility | 35.2% |
| Relative Tail Risk | -3.09% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.21 |
| Alpha | 30.69 |
| Character TTM | |
|---|---|
| Beta | 0.344 |
| Beta Downside | 1.143 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.06% |
| CAGR/Max DD | 2.34 |
EPS (Earnings per Share)
Revenue
Description: CIG Companhia Energetica de February 26, 2026
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.
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 |
What is the price of CIG shares?
As of March 03, 2026, the stock is trading at USD 2.28 with a total of 4,755,474 shares traded.
Over the past week, the price has changed by +0.00%, over one month by +5.07%, over three months by +12.96% and over the past year by +42.81%.
Over the past week, the price has changed by +0.00%, over one month by +5.07%, over three months by +12.96% and over the past year by +42.81%.
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?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 2 | -13.6% |
| Analysts Target Price | 2 | -13.6% |
CIG Fundamental Data Overview March 01, 2026
Market Cap BRL = 38.80b (7.50b USD * 5.1717 USD.BRL)
P/E Trailing = 5.3864
P/E Forward = 9.7371
P/S = 0.1768
P/B = 1.2166
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 = 53.35b BRL (38.80b + Debt 15.84b - CCE 1.28b)
Interest Coverage Ratio = 11.70 (Ebit TTM 4.12b / Interest Expense TTM 352.2m)
EV/FCF = 21.37x (Enterprise Value 53.35b / FCF TTM 2.50b)
FCF Yield = 4.68% (FCF TTM 2.50b / Enterprise Value 53.35b)
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 = 0.82 (Enterprise Value 53.35b / 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 = 5.24% (E(38.80b)/V(54.63b) * Re(7.18%) + D(15.84b)/V(54.63b) * Rd(0.51%) * (1-Tc(0.06)))
Discount Rate = 7.18% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -81.65 | Cagr: -0.02%
[DCF] Terminal Value 86.71% ; FCFF base≈3.00b ; Y1≈3.12b ; Y5≈3.57b
[DCF] Fair Price = 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 Year (2026-12-31): EPS=0.15 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=-28.6% | Growth Revenue=-10.4%
P/E Trailing = 5.3864
P/E Forward = 9.7371
P/S = 0.1768
P/B = 1.2166
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 = 53.35b BRL (38.80b + Debt 15.84b - CCE 1.28b)
Interest Coverage Ratio = 11.70 (Ebit TTM 4.12b / Interest Expense TTM 352.2m)
EV/FCF = 21.37x (Enterprise Value 53.35b / FCF TTM 2.50b)
FCF Yield = 4.68% (FCF TTM 2.50b / Enterprise Value 53.35b)
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 = 0.82 (Enterprise Value 53.35b / 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 = 5.24% (E(38.80b)/V(54.63b) * Re(7.18%) + D(15.84b)/V(54.63b) * Rd(0.51%) * (1-Tc(0.06)))
Discount Rate = 7.18% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -81.65 | Cagr: -0.02%
[DCF] Terminal Value 86.71% ; FCFF base≈3.00b ; Y1≈3.12b ; Y5≈3.57b
[DCF] Fair Price = 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 Year (2026-12-31): EPS=0.15 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=-28.6% | Growth Revenue=-10.4%