Companhia Energética de Minas Gerais (CIG-C) 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 (CEMIG), through its various subsidiaries, plays a comprehensive role in Brazil's energy landscape, covering the production, transmission, distribution, and retail of power. As of December 31, 2021, its substantial infrastructure included 70 generating facilities powered by hydroelectric, wind, and solar sources, boasting a combined installed capacity of 5,700 megawatts.
Is Companhia Energética de Minas Gerais stock overvalued or undervalued in 2026?
Companhia Energética de Minas Gerais (CIG-C) trades at 9.1× earnings (P/E), below the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (7.2×) $2 (-20 %); at its sector median (20.7×) $7 (+128 %).
Kaplio overview: Companhia Energética de Minas Gerais
Market cap $9B · 52 weeks $2 – $4 (20 % below the high) · P/E 9.1× · 2027 expected P/E 13.2× · Dividend 6.2 % · Next earnings November 12, 2026 · expected EPS $0.05 · Intraday price, Oct 30 · accounts published Aug 14.
- Valuation: P/E 9.1× (expensive).
- Business: ROE 15.9 % (por encima del rango).
- Balance sheet: Net debt/EBITDA 2.1× (solid).
- Earnings: 7 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (7.2×) $2 (-20 %); at its sector median (20.7×) $7 (+128 %). 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: 5 of 6 pass
- Regulated ROE (8-12%) 15.9 %, fails.
- 5y EPS growth 5.6 %, passes.
- 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 9.1×; EV/EBITDA 10.3×; ROIC 8.1 %; $8.8B. IDACORP, Inc. (P/E 22.3×; EV/EBITDA 14.1×; ROIC 4.0 %; $8.4B), OGE Energy Corp. (P/E 21.7×; EV/EBITDA 10.6×; ROIC 5.3 %; $10.2B), TXNM Energy, Inc. (P/E 28.0×; EV/EBITDA 6.7×; ROIC 3.8 %; $6.4B).
Expensive or cheap against its last ten years?
P/E at each close: today 9.1× · median 7.2× · minimum 1.6× · maximum 26.9× · cheap below 5.9× · expensive above 15.4×. It has been cheaper than today 57% of the time over its last ten years.
Dividend
tight · Yield 6.2 % ($0.25 per ADS in 2025) · 5-year growth +38 % a year · Free cash flow coverage 1.3× · With $1,000 invested today you'd collect $61.60 a year ($5.13 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 | 1.83 |
Price Performance
| 1 month | -2.22% |
| 3 months | -4.05% |
| Year-to-date | +18.46% |
| 1 year | +14.07% |
| 3 years | +16.23% |
| 5 years | +68.31% |
| 10 years | +100.00% |
Dividend History
Paid in the last 12 months: $0.2216 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 | $0.0310 |
| 2025-10-06 | $0.0403 |
| 2025-06-30 | $0.0391 |
| 2025-05-12 | $0.1203 |
| 2025-03-31 | $0.0348 |
Amounts adjusted for stock splits.
Related companies: NEE · 0K80.L · SO · SOMN · SOJE · DUK · 0L8A.L · 0ID1.L
Explore sector: Utilities · Regulated Electric
More sections of CIG-C: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method today · Companies that pass the Lynch method today · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks