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Companhia Energética de Minas Gerais

Companhia Energética de Minas Gerais

CIG-C
Companhia Energética de Minas GeraisUS flagNew York Stock Exchange
3.04
USD
+0.01
- -
8.68BMarket Cap
Companhia Energética de Minas Gerais
CIG-C
(New York Stock Exchange)

Recent

price

3.04

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.05
5.02
5.73
5.35
7.94
8.61
6.83
7.07
6.99
8.9
8.21
11.09
11.12
12.88
13.92
14.94
11.13
Revenue per Share
0.99
0.98
1.73
1.22
1.27
0.97
0.13
0.35
0.54
1.12
1
1.31
1.43
2.01
2.49
1.71
1.3
Basic EPS, GAAP
0.32
0.97
0.59
1
1.14
0.76
0.03
-0.19
0.04
0.36
2.94
1.21
2.19
1.88
1.6
1.05
0.95
Free Cash Flow per Basic Share
0.8
0.82
0.71
1.81
1.59
0.31
0.27
0.19
0.16
0.24
0.21
0.49
0.73
- -
- -
- -
- -
Dividend per Share
2.76
2.72
2.88
3.99
3.6
4.31
2.48
2.2
2.33
2.62
2.65
2.96
3.85
3.85
5
5
5
Book Value per Share
2.86
2.57
3.92
4.19
3.2
1.07
0.83
1.11
1.66
1.56
1.98
2.28
2.5
3.29
3.7
3.51
3.51
Tangible Book Value per Share
2,279
2,470
2,469
2,540
2,468
2,540
2,540
2,861
3,190
2,864
2,864
2,861
2,861
2,861
2,861
2,861
2,861
Basic Weighted Avg Shares
13,790
12,393
14,137
13,580
19,595
21,868
17,352
20,228
22,299
25,486
23,519
31,711
31,805
36,850
39,820
42,751
31,826
Sales/Revenue/Turnover
25.3
26.01
18.17
17.89
26.07
15.99
7.84
6.97
12.61
11.32
17.83
18.14
11.05
16.86
19.95
14.8
19.78
Operating Margin (%)
896
786
763
824
801
835
834
850
850
958
989
1,049
1,182
1,274
1,376
1,533
1,165
Depreciation Expense
2,258
2,415
4,272
3,104
3,137
2,469
334
1,001
1,722
3,194
2,864
3,751
4,092
5,764
7,117
4,897
3,710
Net Income, GAAP
19.53
23.67
16.3
23.43
29.96
26.56
8.99
39.13
30.33
34.99
24.63
20.13
0.63
15.82
23.93
13.6
13.54
Effective Tax Rate (%)
16.37
19.49
30.22
22.86
16.01
11.29
1.92
4.95
7.72
12.53
12.18
11.83
12.87
15.64
17.87
11.45
11.66
Profit Margin (%)
1,683
-3,637
-3,994
747
-3,569
-3,697
-3,161
-126
4,529
2,389
5,766
2,261
2,262
-1,224
-1,914
16
16
Working Capital
11,024
7,958
3,950
7,219
8,218
8,867
10,342
12,027
12,574
12,233
13,140
10,081
9,923
7,555
9,753
16,742
16,742
LT Debt
11,476
11,745
11,550
12,638
11,285
12,988
12,934
14,330
16,084
16,103
17,478
19,462
21,784
24,656
27,382
28,581
28,581
Total Equity
11.63
9.21
8.48
8.24
14.9
9.46
4.28
2.94
6.42
5.94
9.65
13.85
10.35
14.62
15.49
11.99
11.93
Return on Invested Capital (%)
18.46
15.18
25.13
19.99
18.38
14.71
8.91
9.16
11.76
17.45
16.61
21.74
23.85
30.6
32.58
20.23
16.35
Return on Capital (%)
50.55
37.18
61.8
35.98
32.98
24.88
3.87
15.9
25.08
42.74
37.93
46.71
42.03
52.37
56.23
34.22
25.93
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
3,070
3,141
LT Borrowings
- -
12,429
16,414
LT Finance Leases
- -
337
328
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
2,861
2,861
Market Capitalization
42,934
41,607
40,844

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
- -
13,247
14,478
Cash, Cash Equivalents & STI
- -
3,671
4,337
Accounts Receivable, Net
- -
5,570
5,795
Inventories
- -
- -
- -
Total Current Liabilities
- -
14,884
14,462
Payables & Accruals
- -
9,982
9,242
ST Debt
- -
3,070
3,141
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.32%
10.38%
4.38%
Free Cash Flow
30.34%
-8.26%
-34.48%
Net Income, GAAP
33.36%
14.64%
-31.19%
Sales/Revenue/Turnover
7.91%
13.28%
7.36%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
8,512
8,360
9,342
7,726
36,850
2024
8,929
9,436
10,055
9,397
39,820
2025
9,706
- -
10,528
11,593
42,751

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.49
0.44
0.43
0.66
2.01
2024
0.4
0.59
1.15
- -
2.49
2025
0.36
- -
0.28
- -
1.71

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
0.32
0.32
- -
- -
2024
- -
- -
1.04
- -
- -
2025
- -
- -
0.62
- -
- -
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Business
Companhia Energética de Minas Gerais (CEMIG) is a Brazilian energy company headquartered in Belo Horizonte, Minas Gerais, primarily engaged in the generation, transmission, distribution, and commercialization of electric energy, as well as the distribution of natural gas. Founded in 1952, CEMIG operates across 22 Brazilian states and Chile, serving around 18 million people in 774 municipalities, with a major concession in the state of Minas Gerais. The company manages the largest electricity distribution network in South America, with over 400,000 km of lines, and operates approximately 83 power plants, including hydroelectric, wind, and photovoltaic facilities, totaling around 5,500 MW of installed capacity. CEMIG's core products and services include electric energy generation predominantly through hydroelectric plants; transmission and distribution of electricity; natural gas distribution; energy commercialization; and energy solutions through its energy services company (ESCO). The company also engages in gas distribution, telecommunications, IT services, and innovative energy efficiency projects. The generation portfolio comprises mainly renewable energy sources, including hydroelectric, wind, and solar power. Transmission assets consist of extensive high and medium voltage lines, while distribution services cover a dense network reaching millions of residential, commercial, and industrial customers. Recent major developments include the launch of its inaugural solar power plants in July 2025, marking a strategic expansion into renewable energy beyond hydroelectric power to enhance sustainability. CEMIG is investing heavily in grid modernization and digital transformation, including deploying SAP S4/HANA systems to boost operational efficiency and agility. In 2025, the company invested approximately BRL 4.7 billion across generation, transmission, and distribution, with a strong focus on expanding substations and upgrading distribution infrastructure. Regulatory approvals increased transmission line tariffs by around 7.78% for 2025, supporting revenue growth, alongside plans to invest BRL 23.2 billion from 2025 to 2028 to reinforce and upgrade transmission and distribution networks. The company also actively pursues initiatives to reduce energy losses and expand customer connections. CEMIG's business segments encompass regulated electric energy generation and supply, natural gas distribution, energy trading, and infrastructure services. It holds stakes in numerous subsidiaries and consortia, with notable market presence as one of Brazil’s largest integrated power utilities. The company targets a broad market including residential, commercial, industrial, and free energy market clients with approximately 25% market share in free energy supply in Brazil. CEMIG continues to align its operations with sustainability and technological innovation to drive growth and operational excellence. This profile reflects CEMIG’s status as a leading company in the Brazilian electric utility sector, combining extensive infrastructure, renewable energy focus, and strategic investments to maintain its competitive position and support regional development.