1. Brazil Stocks

  2. •

    Utilities

  3. •

    Regulated Electric
Companhia Energética de Minas Gerais

Companhia Energética de Minas Gerais

CIG
Companhia Energética de Minas GeraisUS flagNew York Stock Exchange
2.14
USD
-0.01
- -
6.12BMarket Cap
Companhia Energética de Minas Gerais
CIG
(New York Stock Exchange)

Recent

price

2.14

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
7.79
8.9
8.21
11.09
11.12
12.88
13.92
14.94
15.2
Revenue per Share
0.99
0.98
1.73
1.22
1.27
0.97
0.13
0.35
0.6
1.12
1
1.31
1.43
2.01
2.49
1.71
1.61
Basic EPS, GAAP
0.32
0.97
0.59
1
1.14
0.76
0.03
-0.19
0.05
0.36
2.94
1.21
2.19
1.88
1.6
1.05
0.47
Free Cash Flow per Basic Share
0.8
0.82
0.71
1.81
1.59
0.31
0.27
0.19
0.18
0.24
0.21
0.49
0.73
- -
- -
- -
- -
Dividend per Share
5.04
5.15
5.07
4.98
4.44
5.11
5.09
5.01
5.15
5.63
6.11
6.8
7.61
8.62
9.57
9.99
10.2
Book Value per Share
2.86
2.78
4.25
4.19
3.11
1.07
0.83
1.11
1.38
1.56
1.98
2.27
2.5
3.29
3.7
3.51
3.3
Tangible Book Value per Share
2,279
2,470
2,469
2,540
2,468
2,540
2,540
2,861
2,861
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
43,471
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
14.72
Operating Margin (%)
896
786
763
824
801
835
834
850
850
958
989
1,049
1,182
1,274
1,376
1,533
807
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
4,595
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
10.93
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
10.57
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
2,257
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
21,135
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
29,186
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
21.47
Return on Invested Capital (%)
13.73
12.21
20.32
16.85
16.46
13.48
7.54
6.8
8.74
12.99
11.8
14.63
15.71
19.56
20.98
13.99
24.31
Return on Capital (%)
21.5
20.8
36.68
25.67
26.23
20.35
2.58
7.35
11.86
20.72
17.06
20.31
19.85
24.83
27.36
17.5
31.49
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,141
- -
1,615
LT Borrowings
16,414
- -
20,834
LT Finance Leases
328
- -
302
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,861
2,861
2,861
Market Capitalization
31,419
35,572
31,159

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,478
- -
15,720
Cash, Cash Equivalents & STI
4,337
- -
5,315
Accounts Receivable, Net
5,795
- -
6,000
Inventories
- -
- -
- -
Total Current Liabilities
14,462
- -
13,463
Payables & Accruals
9,242
- -
9,190
ST Debt
3,141
- -
1,615
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
2024
8,929
9,436
10,055
9,397
39,820
2025
9,706
10,667
10,528
11,593
42,751
2026
10,342
11,008
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
0.59
1.15
- -
2.49
2025
0.36
- -
0.28
- -
1.71
2026
0.34
0.33
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
1.04
- -
- -
2025
- -
- -
0.62
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Companhia Energética de Minas Gerais (CEMIG) (NYSE: CIG; B3: CMIG4) is a leading Brazilian integrated energy utility engaged in the generation, transmission, distribution, and sale of electricity. CEMIG generates power through a diversified portfolio of hydroelectric, thermoelectric, solar, and wind facilities; transmits electricity via high-voltage lines across Minas Gerais and interconnecting regions; distributes power to approximately 9 million customers in its concession area covering 96% of Minas Gerais state; and sells electricity on the wholesale market through bilateral contracts and the regulated market. The company also provides energy solutions including efficiency services, distributed generation projects, and telecommunications infrastructure over its extensive network. CEMIG operates primarily in Brazil, with a focus on the Southeast region, and maintains international investments in renewable energy assets in countries such as Colombia and Peru. Founded in 1952 and headquartered in Belo Horizonte, Minas Gerais, CEMIG is controlled by the State of Minas Gerais. In recent developments, CEMIG completed the acquisition of Aliança Geração de Energia in 2024, adding 1.6 GW of generation capacity primarily from hydroelectric and wind assets; launched new solar and wind projects totaling over 1 GW under development as of 2025; formed strategic partnerships for battery storage integration and green hydrogen initiatives; and announced a major refinancing of debt in late 2024 to support expansion amid Brazil's energy transition.

Company News

Company News APIChatGPT

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