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Companhia Energética de Minas Gerais - CEMIG

Companhia Energética de Minas Gerais - CEMIG

CMIG3 · SA · Utilities / Utilities - Regulated Electric

18.00BRL+0.75 (+4.35%)

Price History

Full chart

Market Stats

Previous Close17.25
Open17.25
Day Range17.25 – 18.31
52-Week Range13.02 – 19.54
Volume143.90K
Market Cap49.15B
P/E (TTM)10.60
Forward P/E12.02
EPS1.62
Dividend Yield8.61%
Beta0.05
50-Day Avg16.36
200-Day Avg16.00

About

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, 2025, the company operated 32 hydro plants with a total capacity of 4,434 M, 2 wind farms with a total capacity of 71 MW, and 12 photovoltaic power stations with a total capacity of 169 MW; 365,577 miles of distribution lines; and 4,865 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.

Company Details

  • SectorUtilities
  • IndustryUtilities - Regulated Electric
  • CEOMr. Alexandre Ramos Peixoto
  • Employees5.32K
  • HeadquartersAvenida Barbacena, 1200, Belo Horizonte, MG, Brazil, 30190-131, Brazil
  • Websitehttps://www.cemig.com.br

Leadership

  • Mr. Alexandre Ramos PeixotoCEO & Member of Executive Board
  • Ms. Andrea Marques de AlmeidaVP of Finance & Investor Relations and Member of Executive Board · b. 1971
  • Mr. Marney Tadeu AntunesChief Distribution Officer & Member of Executive Board · b. 1962
  • Mr. Marco da Camino Ancona Lopez SoligoVP of Generation, Transmission & Broadcast and Member of Executive Board
  • Mr. Sergio Lopes CabralVP of Trading & Member of Executive Board · b. 1965
  • Mr. Sérgio Pessoa de Paula CastroVP of Legal Affairs & Member of Executive Board
  • Mr. Marcos Montes CordeiroVP of Institutional Relations & Member of Executive Board
  • Mr. Luis Claudio Correa VillaniVice President of Information Technology & Member of Executive Board
  • Mr. Paulo Eduardo Pereira GuimarãesHead of Corporate Finance
  • Mr. Hudson Felix AlmeidaDirector of Compliance & People Management

Financials

Income Statement

Currency: BRL2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue3.76B5.01B4.87B6.03B7.48B7.51B8.64B9.43B13.67B12.16B13.79B12.39B14.14B14.63B19.59B21.87B18.77B21.71B22.30B25.49B25.23B33.65B34.46B36.85B39.82B42.75B
Growth (%)-+33.28%-2.68%+23.81%+23.99%+0.45%+15.00%+9.14%+44.98%-11.07%+13.42%-10.13%+14.07%+3.47%+33.96%+11.60%-14.15%+15.66%+2.70%+14.29%-1.01%+33.37%+2.43%+6.93%+8.06%+7.36%
Cost of Revenue1.12B2.17B1.78B1.95B2.26B2.26B2.71B2.86B4.70B7.39B9.00B8.01B9.70B9.85B12.80B15.78B14.43B17.49B17.68B19.60B19.84B26.92B27.65B28.47B31.99B35.54B
Gross Profit2.63B2.84B3.09B4.08B5.22B5.25B5.93B6.57B8.97B4.76B4.79B4.39B4.44B4.78B6.79B6.08B4.34B4.22B4.62B5.89B5.38B6.72B6.81B8.38B7.83B7.21B
Gross Margin70.13%56.75%63.40%67.64%69.80%69.93%68.63%69.68%65.62%39.18%34.74%35.39%31.42%32.67%34.67%27.83%23.13%19.45%20.73%23.10%21.34%19.98%19.77%22.75%19.66%16.86%
Operating Expense2.19B3.43B2.56B2.75B3.10B3.93B5.16B4.49B6.68B1.46B1.23B1.16B967.00M416.00M1.16B1.38B2.54B1.58B1.74B2.88B677.00M-228.00M1.13B2.17B338.00M1.18B
Operating Income440.00M-593.00M527.00M1.33B2.12B1.32B773.00M2.08B2.29B3.30B3.56B3.22B3.48B4.36B5.64B4.70B1.80B2.64B2.88B3.01B4.71B6.95B5.69B6.21B7.49B6.02B
Operating Margin11.71%-11.85%10.82%22.03%28.32%17.62%8.95%22.05%16.73%27.17%25.81%26.01%24.58%29.83%28.77%21.51%9.61%12.17%12.91%11.82%18.65%20.66%16.50%16.86%18.81%14.09%
EBITDA1.02B-1.22B1.19B2.69B3.40B3.10B2.54B3.83B3.90B5.45B4.92B4.96B6.77B5.67B6.31B5.71B3.23B4.09B4.22B6.85B6.20B6.92B6.24B9.15B11.74B8.71B
EBITDA Margin27.24%-24.32%24.49%44.58%45.46%41.32%29.38%40.56%28.53%44.86%35.68%40.05%47.90%38.77%32.20%26.12%17.22%18.86%18.92%26.87%24.56%20.55%18.10%24.84%29.49%20.36%
Net Income366.00M-719.00M-12.00M1.40B1.74B1.81B702.00M1.62B1.75B2.13B2.26B2.42B4.27B3.10B3.14B2.47B334.00M1.00B1.72B3.19B2.86B3.75B4.09B5.76B7.12B4.90B
Net Income Margin9.74%-14.36%-0.25%23.14%23.25%24.08%8.13%17.16%12.82%17.54%16.37%19.49%30.22%21.22%16.01%11.29%1.78%4.61%7.72%12.53%11.35%11.15%11.87%15.64%17.87%11.46%
R&D------------34.92M40.66M48.51M47.20M47.86M37.77M38.24M40.66M42.77M34.21M34.56M37.45M146.05M-
R&D as % of Total Revenue------------0.25%0.28%0.25%0.22%0.25%0.17%0.17%0.16%0.17%0.10%0.10%0.10%0.37%-
Interest Expense42.00M48.00M525.00M674.00M255.00M328.00M529.00M644.00M624.00M1.19B1.22B1.01B904.00M793.00M1.03B1.51B2.03B1.60B1.36B1.32B1.26B1.25B1.02B1.19B1.10B1.61B
Interest Expense % of Total Revenue1.12%0.96%10.78%11.17%3.41%4.37%6.12%6.83%4.56%9.77%8.83%8.17%6.39%5.42%5.26%6.93%10.82%7.36%6.09%5.18%5.01%3.73%2.95%3.23%2.77%3.76%

Balance Sheet

Currency: BRL2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets12.73B14.06B15.51B17.12B19.25B21.35B23.32B24.35B24.78B30.29B33.47B37.01B32.57B29.81B35.00B40.86B42.04B42.24B59.85B50.53B54.08B52.05B53.67B55.00B59.73B67.03B
Total Liabilities4.57B6.52B8.04B8.57B10.02B12.07B14.93B16.13B15.45B19.13B22.00B25.26B21.02B17.18B23.71B27.87B29.10B27.91B43.91B34.42B36.60B32.58B31.89B30.34B32.34B38.45B
Total Equity8.16B7.54B7.44B8.52B9.21B9.25B8.37B8.22B9.33B11.16B11.48B11.74B11.55B12.64B11.28B12.98B12.93B14.33B14.58B16.10B17.47B19.46B21.78B24.65B27.38B28.58B
Cash236.00M217.19M123.00M440.00M874.00M1.35B1.11B1.78B1.97B4.42B2.98B2.86B1.92B2.20B887.00M925.00M995.00M1.03B891.00M536.00M1.68B825.00M1.44B1.54B1.90B1.90B
Total Debt82.00M2.45B7.08B3.99B4.17B4.83B6.52B6.81B6.51B11.29B13.23B15.78B11.19B9.46B13.51B15.17B15.18B14.40B14.77B15.06B15.25B11.61B10.93B10.26B12.71B19.88B
Net Debt-154.00M2.23B6.96B3.55B3.29B3.48B5.42B5.03B4.54B6.87B10.25B12.92B9.27B7.25B12.62B14.24B14.18B13.37B13.88B14.53B13.57B10.78B9.49B8.73B10.81B17.98B

Cash Flow

Currency: BRL2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow831.00M716.25M732.00M658.00M1.50B1.77B2.29B2.84B2.96B2.57B3.38B3.90B2.83B3.52B3.73B3.01B1.21B580.00M1.01B2.04B8.61B3.69B6.61B6.64B5.50B4.08B
Investing Cash Flow-523.00M-1.01B-546.00M-852.00M-917.00M-1.54B-2.09B-1.11B-1.28B-3.70B-4.44B-4.02B-906.00M2.50B-4.30B-3.22B-614.00M-386.00M-211.00M-1.19B-5.08B1.37B-3.21B-3.97B-2.38B-6.66B
Financing Cash Flow-158.00M274.95M-281.00M511.00M-138.00M206.00M-441.00M-1.05B-1.50B3.27B-377.00M1.33M-2.11B-5.74B-750.00M247.00M-529.35M-159.00M-936.00M-1.20B-2.39B-5.91B-2.79B-2.58B-2.76B2.59B
Capital Expenditure406.00M323.00M636.00M782.00M1.06B1.51B1.33B1.12B971.00M2.31B2.65B1.28B1.37B977.00M920.00M1.08B1.14B856.00M877.00M1.93B173.00M233.00M292.00M1.26B671.29M699.18M
Free Cash Flow425.00M397.00M96.00M-124.00M437.00M264.00M958.00M1.72B1.99B261.00M812.00M2.39B1.46B2.58B2.81B1.93B72.00M-276.00M131.00M109.00M8.43B3.45B6.32B5.38B4.83B3.38B
Dividends Paid196.00M170.98M214.00M200.00M308.10M491.00M2.07B1.33B865.00M937.00M1.83B2.04B1.75B4.60B3.92B796.00M675.00M539.63M509.00M701.00M598.00M1.42B2.09B1.82B4.29B3.97B
FCF to OCF51.14%55.43%13.11%-18.84%29.17%14.87%41.91%60.51%67.21%10.16%24.05%61.21%51.50%73.31%75.36%64.00%5.94%-47.59%13.00%5.35%97.99%93.68%95.58%81.00%87.79%82.85%
Dividend Paid to FCF46.12%43.07%222.92%-161.29%70.50%185.98%216.28%77.74%43.47%359.00%225.25%85.33%119.94%178.50%139.23%41.35%937.50%-195.52%388.55%643.12%7.09%41.02%33.11%33.87%88.99%117.50%

Earnings

Report DateMay 18, 2009Aug 17, 2009Nov 19, 2009Mar 23, 2010May 7, 2010Nov 14, 2011Mar 27, 2012May 14, 2012Aug 14, 2012Nov 14, 2012May 16, 2013Aug 14, 2013Nov 13, 2013Mar 21, 2014May 15, 2014Aug 13, 2014Nov 13, 2014Mar 26, 2015May 15, 2015Aug 14, 2015Nov 13, 2015Mar 29, 2016May 13, 2016Aug 12, 2016Nov 11, 2016May 15, 2017Aug 14, 2017Nov 15, 2017Mar 29, 2018May 15, 2018Aug 15, 2018Nov 14, 2018Mar 28, 2019Apr 1, 2019Aug 15, 2019Nov 14, 2019Mar 19, 2020May 15, 2020Aug 14, 2020Nov 13, 2020Mar 17, 2021May 14, 2021Aug 16, 2021Nov 11, 2021Mar 29, 2022May 16, 2022Aug 15, 2022Sep 30, 2022Dec 31, 2022
EPS Estimate-----------------------------------------------0.300.31
EPS Actual0.230.350.380.290.280.440.480.420.380.550.580.420.530.430.640.380.010.570.760.270.090.160.000.100.220.180.07-0.040.320.24-0.030.040.550.360.96-0.130.34-0.040.690.360.880.210.880.190.440.660.020.410.49
Surprise-----------------------------------------------36.67%58.06%
TimingAfter-hoursAfter-hoursAfter-hours-Pre-market----------------------Pre-marketPre-market-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursPre-market----

Key Statistics & Ratios

Market Cap49.15B
Enterprise Value52.86B
Trailing P/E10.60
Forward P/E12.02
PEG Ratio0.30
Price / Sales1.12
Price / Book1.71
EPS1.62
Book Value10.20
Revenue (TTM)43.74B
Gross Profit (TTM)4.87B
EBITDA7.89B
Profit Margin10.51%
Operating Margin15.58%
Return on Equity15.94%
Return on Assets5.94%
Shares Outstanding956.60M
Shares Float2.37B
Beta0.05
Dividend Yield8.61%
Dividend Rate1.47
Payout Ratio86.16%

Dividends

20263×
0.22Jun 23, 20260.12Apr 30, 20260.12Mar 24, 2026
20256×
0.12Dec 23, 20250.15Dec 22, 20250.11Sep 29, 20250.10Jun 23, 20250.33Apr 30, 20250.09Mar 25, 2025
20246×
0.10Dec 23, 20240.08Sep 23, 20240.50Aug 23, 20240.08Jun 21, 20240.12Apr 29, 20240.09Mar 26, 2024
20235×
0.60Dec 21, 20230.09Sep 25, 20230.10Jun 23, 20230.06Apr 27, 20230.10Mar 27, 2023
20224×
0.12Dec 27, 20220.09Dec 21, 20220.11Sep 23, 20220.08Jun 24, 2022

Stock Splits

  • Apr 30, 2024130:100
  • May 2, 2022130:100
  • May 3, 2021111.4969:100
  • Aug 3, 2020104.1131:100
  • May 2, 2013112.855:100
  • Apr 30, 2012125:100
  • Apr 30, 2010110:100
  • Jun 4, 20071:500