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2.09 USD
P/E
6.33
EPS
0.33
Yield
7.53%
Safety Score
30
P/B
1.07
ROE
17.04
Beta
0.09
Target Price
2.14 USD
Companhia Energetica de Minas Gerais logo

Companhia Energetica de Minas Gerais

🧾 Earnings Recap – Q3 2025

Cemig reported a challenging Q3 2025, with a recurring EBITDA decrease of 16.3% and a net profit drop of 30.2%, primarily due to a reduced client base and increased depreciation from investments.

  • Strong investment program with BRL 4.7 billion deployed in the first nine months, including BRL 3.6 billion in distribution and significant expansions in substations and networks.
  • Maintained AAA ratings from Moody's, reflecting the company's financial resilience amid market fluctuations.
  • Distribution sector impacted by large clients migrating to the basic network and a reduction in trading margins, leading to a BRL 136 million adverse effect on results.
  • EBITDA for the quarter totaled BRL 1.5 billion, with recurring net profit negatively influenced by increased depreciation and higher interest rates.
  • Acknowledged as Brazil's top energy company by Veja Negócios, underlining Cemig's commitment to excellence in the sector.
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Key Metrics
Earnings dateAug. 13, 2026
P/E6.33
EPS0.33
Book Value1.95
Price to Book1.07
Debt/Equity69.26
Growth
Revenue Growth0.06%
Earnings Growth-0.06%
Estimates
Forward P/E13.93
Forward EPS0.15
Target Mean Price2.14
Dividend
Dividend Yield7.53%
Annual dividends1.18 USD
Ex-Div. DateJuly 2, 2026
Payout82.03%
5y avg Yield7.10%

DCF Valuation

Tweak assumptions to recompute fair value for Companhia Energetica de Minas Gerais (CIG)
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DCF Result

Fair Value (DCF)
Current Price
Upside
WACC
Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Companhia Energetica de Minas Gerais Logo Companhia Energetica de Minas Gerais Analysis (CIG)

Brazil Utilities Official Website Stock

Is Companhia Energetica de Minas Gerais a good investment? Companhia Energetica de Minas Gerais (CIG) is currently trading at 2.09 USD. Market analysts have a consensus price target of 2.14 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 6.33. This relatively low multiple may signal that Companhia Energetica de Minas Gerais is undervalued compared to historical market norms.

Earnings Schedule: Companhia Energetica de Minas Gerais is expected to release its next earnings report on Aug. 13, 2026. The market consensus estimate for Forward EPS is 0.15.

For income investors, Companhia Energetica de Minas Gerais pays a dividend yield of 7.53%. With a payout ratio of 82%, the dividend appears to be under pressure.

Investor FAQ

Does Companhia Energetica de Minas Gerais pay a dividend?

Yes, it pays an annual dividend of 1.18 USD (7.53% yield).

What asset class is Companhia Energetica de Minas Gerais?

Companhia Energetica de Minas Gerais is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be Aug. 13, 2026. The company currently has a trailing EPS of 0.33.

Company Profile

Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2025, the company operated 32 hydro plants with a total capacity of 4,434 M, 2 wind farms with a total capacity of 71 MW, and 12 photovoltaic power stations with a total capacity of 169 MW; 365,577 miles of distribution lines; and 4,865 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; installation, operation, maintenance and rental of solar plants; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

Exchange Ticker
NYQ (United States) CIG
Trades
Dividend Yield
7.53%
5y avg 7.10%
Annual Dividends
1.18USD
Next Ex. Div Date
July 2, 2026
Payout Ratio
82.03%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
0.09 USD
May 3, 2027 (estimated) 0.0454
March 30, 2027 (estimated) 0.0430
2026
0.29 USD
Dec. 30, 2026 (estimated) 0.1162
Oct. 12, 2026 (estimated) 0.0397
July 2, 2026 0.0429
May 14, 2026 0.0480
March 30, 2026 0.0430
2025
0.30 USD
Dec. 30, 2025 0.0429
Oct. 6, 2025 0.0397
July 8, 2025 0.1190
June 30, 2025 0.0380
March 31, 2025 0.0330
Jan. 8, 2025 0.0300
2024
0.27 USD
Dec. 30, 2024 0.0320
Sept. 9, 2024 0.0880
July 8, 2024 0.0280
June 6, 2024 0.0677
May 8, 2024 0.0269
Jan. 6, 2024 0.0300
2023
0.21 USD
Dec. 22, 2023 0.0938
Aug. 6, 2023 0.0315
July 10, 2023 0.0092
June 20, 2023 0.0262
May 6, 2023 0.0285
Jan. 5, 2023 0.0231
2022
0.27 USD
Dec. 30, 2022 0.0346
Sept. 30, 2022 0.0315
July 8, 2022 0.0992
June 27, 2022 0.0238
Jan. 5, 2022 0.0769
2021
0.17 USD
July 12, 2021 0.0423
May 3, 2021 0.0854
Jan. 8, 2021 0.0362
Jan. 6, 2021 0.0108
2020
0.14 USD
Jan. 8, 2020 0.0523
Jan. 7, 2020 0.0877
2019
0.14 USD
Jan. 8, 2019 0.1154
Jan. 7, 2019 0.0285
2018
0.06 USD
Jan. 5, 2018 0.0592
2017
0.19 USD
Dec. 13, 2017 0.0108
July 10, 2017 0.0708
Jan. 5, 2017 0.0746
Jan. 5, 2017 0.0308
2016
0.12 USD
Jan. 5, 2016 0.1169
2015
0.05 USD
Jan. 9, 2015 0.0523
2014
1.04 USD
Dec. 26, 2014 0.2631
Oct. 7, 2014 0.4708
July 8, 2014 0.3085
2013
1.90 USD
Dec. 27, 2013 0.1365
Dec. 27, 2013 0.3689
Jan. 7, 2013 0.9711
Jan. 3, 2013 0.4193
2012
0.28 USD
Jan. 5, 2012 0.2829
2011
0.79 USD
Dec. 29, 2011 0.4606
Jan. 6, 2011 0.3292
2010
0.33 USD
Dec. 28, 2010 0.3250
2009
0.23 USD
Dec. 28, 2009 0.2276
2008
0.77 USD
July 8, 2008 0.3398
Jan. 11, 2008 0.4329
2007
0.42 USD
Jan. 12, 2007 0.1478
Jan. 10, 2007 0.2673
2006
0.91 USD
Aug. 17, 2006 0.2180
Jan. 11, 2006 0.0464
Jan. 11, 2006 0.0488
Jan. 10, 2006 0.2507
Jan. 9, 2006 0.3464
2005
48.72 USD
Dec. 20, 2005 48.6881
Jan. 10, 2005 0.0167
Jan. 9, 2005 0.0167
2004
0.22 USD
Oct. 14, 2004 0.0167
July 13, 2004 0.0434
July 7, 2004 0.0167
Jan. 6, 2004 0.0237
Jan. 5, 2004 0.1167
2003
0.04 USD
Dec. 4, 2003 0.0353
2002
0.32 USD
Dec. 31, 2002 0.0717
Dec. 31, 2002 0.0328
Oct. 11, 2002 0.1881
Oct. 10, 2002 0.0314
2000
1.35 USD
Nov. 29, 2000 0.6035
Oct. 11, 2000 0.0772
Oct. 10, 2000 0.0717
Jan. 11, 2000 0.5989
1999
0.83 USD
March 18, 1999 0.3356
March 17, 1999 0.4969
1998
2.73 USD
Dec. 18, 1998 1.0028
Sept. 8, 1998 1.2781
Jan. 22, 1998 0.4461
1997
1.00 USD
July 11, 1997 1.0000
1996
1.00 USD
July 12, 1996 1.0000
Upcoming Dividends
Name Payment Date Status Amount
Companhia Energetica de Minas Gerais Jul 02, 2026 0.04287 USD
Companhia Energetica de Minas Gerais May 14, 2026 0.048 USD
Companhia Energetica de Minas Gerais Mar 30, 2026 0.043 USD
Companhia Energetica de Minas Gerais Dec 30, 2025 0.04285 USD
Companhia Energetica de Minas Gerais Oct 06, 2025 0.039747 USD
Stock Splits
Split Date Split Ratio to 1
May 2, 2013 1.130000
May 14, 2009 1.250000
April 26, 2002 1.020000
April 30, 2010 1.100000
May 2, 2022 1.300000
May 5, 1998 1.220000
May 8, 2007 1.500000
June 12, 2007 2.000000
April 28, 2008 1.020000
May 14, 2012 1.250000
Jan. 13, 2014 1.310000
Aug. 13, 2020 1.040000
May 3, 2021 1.110000
May 19, 2022 1.300000
May 24, 2024 1.300000
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