(CIG) Companhia Energetica de - Overview
Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 6.322m USD | Total Return: 27.5% in 12m
Avg Turnover: 13.6M
EPS Trend: 23.5%
Qual. Beats: 0
Rev. Trend: 59.9%
Qual. Beats: -1
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Companhia Energética de Minas Gerais (CEMIG) is a vertically integrated utility company headquartered in Belo Horizonte, Brazil. The firm operates across the entire energy value chain, including the generation, transmission, distribution, and commercialization of electricity. Its generation portfolio is heavily weighted toward renewable sources, primarily hydroelectric power, supplemented by wind and solar assets.
The company operates under a concession-based business model, where long-term contracts with federal regulators dictate revenue structures and tariff adjustments. In the Brazilian power sector, distribution companies like CEMIG often function as natural monopolies within their specific geographic regions, providing stable cash flow through regulated asset bases. Beyond electricity, the firm manages natural gas distribution and energy efficiency services.
Investors can further evaluate the companys dividend history and regulatory risks by examining detailed metrics on ValueRay. CEMIG remains a significant player in the Brazilian infrastructure sector, maintaining extensive distribution and transmission networks that serve millions of residential and industrial customers.
- Regulatory tariff revisions by Aneel impact distribution segment revenue and margins
- Minas Gerais state government privatization efforts drive significant equity valuation shifts
- Hydrological conditions and reservoir levels dictate power generation costs and trading margins
- Brazilian real volatility against the dollar affects debt servicing and ADR pricing
- Expansion of solar and wind capacity influences long-term renewable energy market share
| Net Income: 4.07b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 2.11 > 1.0 |
| NWC/Revenue: -2.99% < 20% (prev 2.18%; Δ -5.17% < -1%) |
| CFO/TA 0.06 > 3% & CFO 3.83b > Net Income 4.07b |
| Net Debt (18.4b) to EBITDA (5.43b): 3.39 < 3 |
| Current Ratio: 0.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.86b) vs 12m ago -0.00% < -2% |
| Gross Margin: 13.54% > 18% (prev 0.21%; Δ 1.33k% > 0.5%) |
| Asset Turnover: 53.45% > 50% (prev 62.28%; Δ -8.83% > 0%) |
| Interest Coverage Ratio: 5.08 > 6 (EBITDA TTM 5.43b / Interest Expense TTM 829.2m) |
| A: -0.02 (Total Current Assets 14.2b - Total Current Liabilities 15.3b) / Total Assets 67.3b |
| B: 0.17 (Retained Earnings 11.7b / Total Assets 67.3b) |
| C: 0.06 (EBIT TTM 4.21b / Avg Total Assets 65.6b) |
| D: 0.74 (Book Value of Equity 28.5b / Total Liabilities 38.8b) |
| Altman-Z'' = 1.67 = BB |
| DSRI: 1.29 (Receivables 8.37b/7.34b, Revenue 35.1b/39.8b) |
| GMI: 1.57 (GM 13.54% / 21.19%) |
| AQI: 1.04 (AQ_t 0.72 / AQ_t-1 0.69) |
| SGI: 0.88 (Revenue 35.1b / 39.8b) |
| TATA: 0.00 (NI 4.07b - CFO 3.83b) / TA 67.3b) |
| Beneish M = -2.33 (Cap -4..+1) = BBB |
As of May 28, 2026, the stock is trading at USD 2.19 with a total of 8,781,826 shares traded.
Over the past week, the price has changed by -0.90%,
over one month by -12.27%,
over three months by -4.16% and
over the past year by +27.51%.
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 | -4.1% |
Market Cap BRL = 31.8b (6.32b USD * 5.0374 USD.BRL)
P/E Trailing = 6.5
P/E Forward = 10.1833
P/S = 0.1458
P/B = 1.1094
P/EG = 0.3271
Revenue TTM = 35.1b BRL
EBIT TTM = 4.21b BRL
EBITDA TTM = 5.43b BRL
Long Term Debt = 16.4b BRL (from longTermDebt, last fiscal year)
Short Term Debt = 3.13b BRL (from shortTermDebt, last quarter)
Debt = 20.2b BRL (from shortLongTermDebtTotal, last quarter) + Leases 417.2m
Net Debt = 18.4b BRL (calculated: Debt 20.2b - CCE 1.77b)
Enterprise Value = 50.3b BRL (31.8b + Debt 20.2b - CCE 1.77b)
Interest Coverage Ratio = 5.08 (Ebit TTM 4.21b / Interest Expense TTM 829.2m)
EV/FCF = 15.79x (Enterprise Value 50.3b / FCF TTM 3.18b)
FCF Yield = 6.33% (FCF TTM 3.18b / Enterprise Value 50.3b)
FCF Margin = 9.07% (FCF TTM 3.18b / Revenue TTM 35.1b)
Net Margin = 11.62% (Net Income TTM 4.07b / Revenue TTM 35.1b)
Gross Margin = 13.54% ((Revenue TTM 35.1b - Cost of Revenue TTM 30.3b) / Revenue TTM)
Gross Margin QoQ = 15.83% (prev 14.19%)
Tobins Q-Ratio = 0.75 (Enterprise Value 50.3b / Total Assets 67.3b)
Interest Expense / Debt = 4.11% (Interest Expense 829.2m / Debt 20.2b)
Taxrate = 6.67% (13.3m / 199.6m)
NOPAT = 3.93b (EBIT 4.21b * (1 - 6.67%))
Current Ratio = 0.93 (Total Current Assets 14.2b / Total Current Liabilities 15.3b)
Debt / Equity = 0.71 (Debt 20.2b / totalStockholderEquity, last quarter 28.5b)
Debt / EBITDA = 3.39 (Net Debt 18.4b / EBITDA 5.43b)
Debt / FCF = 5.79 (Net Debt 18.4b / FCF TTM 3.18b)
Total Stockholder Equity = 28.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.21% (Net Income 4.07b / Total Assets 67.3b)
RoE = 14.26% (Net Income TTM 4.07b / Total Stockholder Equity 28.6b)
RoCE = 9.37% (EBIT 4.21b / Capital Employed (Equity 28.6b + L.T.Debt 16.4b))
RoIC = 7.13% (NOPAT 3.93b / Invested Capital 55.2b)
WACC = 6.77% (E(31.8b)/V(52.0b) * Re(8.63%) + D(20.2b)/V(52.0b) * Rd(4.11%) * (1-Tc(0.07)))
Discount Rate = 8.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 30.68 | Cagr: 0.00%
[DCF] Terminal Value 77.97% ; FCFF base≈2.58b ; Y1≈2.95b ; Y5≈4.35b
[DCF] Fair Price = 24.70 (EV 65.4b - Net Debt 18.4b = Equity 47.0b / Shares 1.90b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 23.53 | EPS CAGR: 7.74% | SUE: 0.26 | # QB: 0
Revenue Correlation: 59.89 | Revenue CAGR: 4.79% | SUE: -2.23 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.05 | Chg30d=-5.77% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.05 | Chg30d=-1.85% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=0.03 | Chg30d=N/A | Revisions=N/A | GrowthEPS=-35.4% | GrowthRev=-20.5%
EPS next Year (2027-12-31): EPS=0.17 | Chg30d=-1.14% | Revisions=-20% | GrowthEPS=+476.7% | GrowthRev=+9.2%