Companhia Energética de Minas Gerais (CIG) is a publicly traded company in the Utilities — Regulated Electric industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Companhia Energética de Minas Gerais (CIG) is a prominent Brazilian energy company whose operations, conducted through its various subsidiaries, span the entire electricity value chain: generation, transmission, distribution, and retail. As of December 31, 2021, CIG's substantial infrastructure included 70 hydroelectric, wind, and solar power plants with a collective installed capacity of 5,700 megawatts.
Is Companhia Energética de Minas Gerais stock overvalued or undervalued in 2026?
Companhia Energética de Minas Gerais (CIG) trades at 6.2× earnings (P/E), below the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (8.0×) $2 (+29 %); at its sector median (20.7×) $6 (+234 %).
Kaplio overview: Companhia Energética de Minas Gerais
Market cap $5B · 52 weeks $2 – $3 (30 % below the high) · P/E 6.2× · 2027 expected P/E 8.0× · Dividend 6.7 % · Next earnings November 12, 2026 · expected EPS $0.05 · Closing price, Oct 29 · accounts published Aug 13.
- Valuation: P/E 6.2× (cheap).
- Business: ROE 15.9 % (por encima del rango).
- Balance sheet: Net debt/EBITDA 2.1× (solid).
- Earnings: 6 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (8.0×) $2 (+29 %); at its sector median (20.7×) $6 (+234 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in utilities: 4 of 6 pass
- Regulated ROE (8-12%) 15.9 %, fails.
- 5y EPS growth 11.3 %, fails.
- 10y dividend growth 12.5 %, passes.
- Net debt / EBITDA 2.1×, passes.
- Interest coverage 4.2×, passes.
- Payout Ratio 79.4 %, passes, near the threshold.
Against its peers (reference peers) — Companhia Energética de Minas Gerais: P/E 6.2×; EV/EBITDA 10.3×; ROIC 8.1 %; $5.3B. Enel Chile S.A. (P/E 10.2×; EV/EBITDA 7.1×; ROIC 5.8 %; $5.9B), Pampa Energía S.A. (P/E 7.0×; EV/EBITDA 4.9×; ROIC 6.2 %; $4.0B), Companhia Paranaense de Energia (P/E 11.4×; EV/EBITDA 9.5×; ROIC 8.6 %; $2.0B).
Expensive or cheap against its last ten years?
P/E at each close: today 6.2× · median 8.0× · minimum 3.8× · maximum 23.9× · cheap below 6.6× · expensive above 13.6×. It has been cheaper than today only 27% of the time over its last ten years.
Dividend
tight · Yield 6.7 % ($0.25 per ADS in 2025) · 5-year growth +46 % a year · Free cash flow coverage 1.3× · With $1,000 invested today you'd collect $66.70 a year ($5.56 a month).
Profitability
| Return on Equity | 15.93% |
| Return on Invested Capital | 8.07% |
| Return on Assets | 6.48% |
| Gross Margin | 14.46% |
| Operating Margin | 12.23% |
| Net Margin | 10.51% |
Financial Health
| Debt / Equity | 0.78 |
| Current Ratio | 1.17 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 1.68 |
Price Performance
| 1 month | -11.43% |
| 3 months | -15.07% |
| Year-to-date | -7.00% |
| 1 year | -9.71% |
| 3 years | +6.29% |
| 5 years | +7.51% |
| 10 years | -13.89% |
Dividend History
Paid in the last 12 months: $0.2173 per share in 6 payments.
| Date | Amount |
|---|---|
| 2026-09-28 | $0.0135 |
| 2026-07-02 | $0.0429 |
| 2026-05-14 | $0.0467 |
| 2026-03-30 | $0.0432 |
| 2025-12-30 | $0.0443 |
| 2025-12-29 | $0.0267 |
| 2025-10-06 | $0.0403 |
| 2025-06-30 | $0.0391 |
| 2025-05-12 | $0.1207 |
| 2025-03-31 | $0.0348 |
Amounts adjusted for stock splits.
Related companies: ENIC · TGS · PAM · ELPC
Explore sector: Utilities · Regulated Electric
More sections of CIG: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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