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Companhia Energetica de Minas Gerais CMIG4.SA Open Companhia Energetica de Minas Gerais in new tab

11.76 BRL
P/E
5.16
EPS
2.28
Yield
14.04%
P/B
1.17
ROE
14.16
Beta
0.29
Target Price
11.99 BRL
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Key Metrics
Earnings dateMay 7, 2026
P/E5.16
EPS2.28
Book Value10.04
Price to Book1.17
Debt/Equity55.11
% Insiders0.001%
Growth
Revenue Growth0.05%
Earnings Growth-0.76%
Estimates
Forward P/E8.94
Forward EPS1.32
Target Mean Price11.99
Dividend
Dividend Yield14.04%
Annual dividends1.65 BRL
Ex-Div. DateMarch 25, 2026
Payout62.17%
5y avg Yield8.86%

DCF Valuation

Tweak assumptions to recompute fair value for Companhia Energetica de Minas Gerais (CMIG4.SA)
Currency: BRL
DCF Assumptions
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Decimal (e.g., 0.30 = 30%).
Decimal (e.g., 0.04 = 4%).
Decimal (e.g., 0.20 = 20%).
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Percent number (e.g., 10 = 10%).
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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 (CMIG4.SA)

Brazil Utilities Official Website Stock

Is Companhia Energetica de Minas Gerais a good investment? Companhia Energetica de Minas Gerais (CMIG4.SA) is currently trading at 11.76 BRL. Market analysts have a consensus price target of 11.99 BRL. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 5.16. 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 May 7, 2026. The market consensus estimate for Forward EPS is 1.32.

For income investors, Companhia Energetica de Minas Gerais pays a dividend yield of 14.04%. With a payout ratio of 62%, the dividend appears sustainable.

Investor FAQ

Does Companhia Energetica de Minas Gerais pay a dividend?

Yes, it pays an annual dividend of 1.65 BRL (14.04% 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 May 7, 2026. The company currently has a trailing EPS of 2.28.

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, 2024, the company operated 36 hydro plants with a total capacity of 4,449.0 MW, 2 wind farms with a total capacity of 70.8 MW, and 10 photovoltaic power stations with a total capacity of 158.99 MW; 357,044 miles of distribution lines; and 4,754 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
SAO (Brazil) CMIG4.SA
Dividend Yield

14.04% (5y avg: 8.86%)

Annual Dividends

1.65 BRL

Next ex. div date

March 25, 2026

Payout Ratio

62.17%

Historical Dividends
Year Total Dividends
2027 0.24 BRL
2026 0.45 BRL
2025 1.20 BRL
2024 1.97 BRL
2023 1.27 BRL
2022 1.38 BRL
2021 0.80 BRL
2020 0.56 BRL
2019 0.57 BRL
2018 0.48 BRL
2017 0.24 BRL
2016 0.85 BRL
2015 0.76 BRL
2014 5.58 BRL
2013 2.54 BRL
2012 3.66 BRL
2011 3.59 BRL
2010 3.38 BRL

Yearly aggregated dividends

Dividends

Companhia Energetica de Minas Gerais
Jun 30, 2027 Upcoming
Dividend
0.2368 BRL
Companhia Energetica de Minas Gerais
Jun 30, 2026 Upcoming
Dividend
0.2368 BRL
Companhia Energetica de Minas Gerais
Dec 30, 2025 Paid
Dividend
0.14588 BRL
Companhia Energetica de Minas Gerais
Jun 30, 2026 Upcoming
Dividend
0.2114 BRL
Companhia Energetica de Minas Gerais
Jun 30, 2025 Paid
Dividend
0.20861 BRL
Companhia Energetica de Minas Gerais
Jun 30, 2025 Paid
Dividend
0.65881 BRL

Historical Split Corporate Actions

Split Date Split Ratio to 1
June 4, 2007 0.002000
April 30, 2010 1.100000
April 30, 2012 1.250000
May 2, 2013 1.128550
Dec. 27, 2013 1.307650
Aug. 3, 2020 1.041131
May 3, 2021 1.114969
May 2, 2022 1.300000
April 30, 2024 1.300000
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