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2.27 USD
P/E
6.44
EPS
0.34
Yield
7.62%
Safety Score
30
P/B
1.09
ROE
17.04
Beta
0.19
Target Price
2.20 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/E6.44
EPS0.34
Book Value2.02
Price to Book1.09
Debt/Equity69.26
Growth
Revenue Growth0.06%
Earnings Growth-0.06%
Estimates
Forward P/E14.60
Forward EPS0.15
Target Mean Price2.20
Dividend
Dividend Yield7.62%
Annual dividends1.24 USD
Ex-Div. DateMay 14, 2026
Payout82.03%
5y avg Yield7.10%

DCF Valuation

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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 2.27 USD. Market analysts have a consensus price target of 2.20 USD. This suggests the asset is currently trading above analyst expectations.

In terms of valuation, the stock trades at a P/E ratio of 6.44. 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 7.62%. 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 1.24 USD (7.62% 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 0.34.

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
Dividend Yield

7.62% (5y avg: 7.10%)

Annual Dividends

1.24 USD

Next ex. div date

May 14, 2026

Payout Ratio

82.03%

Historical Dividends
Year Total Dividends
2027 0.04 USD
2026 0.52 USD
2025 0.33 USD
2024 0.33 USD
2023 0.12 USD
2022 0.27 USD
2021 0.17 USD
2020 0.14 USD
2019 0.14 USD
2018 0.06 USD
2017 0.19 USD
2016 0.12 USD
2015 0.05 USD
2014 1.04 USD
2013 1.90 USD
2012 0.28 USD
2011 0.79 USD
2010 0.33 USD
2009 0.23 USD
2008 0.77 USD
2007 0.42 USD
2006 0.91 USD
2005 48.72 USD
2004 0.22 USD
2003 0.04 USD
2002 0.32 USD
2000 1.35 USD
1999 0.83 USD
1998 2.73 USD
1997 1.00 USD
1996 1.00 USD

Yearly aggregated dividends

Dividends

Companhia Energetica de Minas Gerais
May 14, 2026 Paid
Dividend
0.04772 USD
Companhia Energetica de Minas Gerais
Mar 30, 2026 Paid
Dividend
0.043 USD
Companhia Energetica de Minas Gerais
Dec 30, 2025 Paid
Dividend
0.04285 USD
Companhia Energetica de Minas Gerais
Oct 06, 2025 Paid
Dividend
0.039747 USD
Companhia Energetica de Minas Gerais
Jun 30, 2025 Paid
Dividend
0.038 USD

Historical Split Corporate Actions

Split Date Split Ratio to 1
May 8, 2007 1.500000
June 12, 2007 2.000000
May 14, 2009 1.250000
May 14, 2012 1.250000
May 2, 2013 1.130000
Jan. 13, 2014 1.310000
May 24, 2024 1.300000
May 19, 2022 1.300000
May 2, 2022 1.300000
May 3, 2021 1.110000
Aug. 13, 2020 1.040000
April 30, 2010 1.100000
April 28, 2008 1.020000
April 26, 2002 1.020000
May 5, 1998 1.220000
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