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Companhia Energética de Minas Gerais

Companhia Energética de Minas Gerais

CMIG4 · SA · Utilities / Utilities - Regulated Electric

11.03BRL+0.41 (+3.86%)

Price History

Full chart

Market Stats

Previous Close10.62
Open10.62
Day Range10.62 – 11.07
52-Week Range9.57 – 13.25
Volume26.05M
Market Cap34.70B
P/E (TTM)7.49
Forward P/E9.12
EPS1.62
Dividend Yield9.39%
Beta0.06
50-Day Avg10.98
200-Day Avg11.48

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-----210.97M187.70M462.21M458.63M31.21M39.01M37.00M34.92M40.66M48.51M47.20M47.86M37.77M38.24M40.66M42.77M34.21M34.56M37.45M146.05M-
R&D as % of Total Revenue-----2.81%2.17%4.90%3.35%0.26%0.28%0.30%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 Assets12.73B14.06B15.51B17.12B19.25B21.35B23.32B24.35B24.78B30.29B33.47B37.01B32.57B29.81B35.00B40.88B42.04B42.24B59.85B50.53B54.08B52.05B53.67B55.00B59.73B67.03B
Total Liabilities4.57B6.52B8.04B8.57B10.02B12.07B14.93B16.13B15.45B19.13B22.00B25.26B21.02B17.18B23.71B27.88B29.10B27.91B43.91B34.42B36.60B32.58B31.89B30.34B32.34B38.45B
Total Equity8.16B7.54B7.44B8.52B9.21B9.25B8.37B8.22B9.33B11.16B11.48B11.74B11.55B12.64B11.28B12.99B12.93B14.33B14.58B16.10B17.47B19.46B21.78B24.65B27.38B28.58B
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 Debt82.00M2.45B7.08B3.99B4.17B4.83B6.52B6.81B6.51B11.29B13.23B15.78B11.19B9.46B13.51B15.17B15.18B14.40B14.77B15.06B15.25B11.61B10.94B10.26B12.71B19.88B
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-3.14B-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 DateOct 29, 2004May 13, 2005Aug 1, 2005Nov 1, 2005Mar 10, 2006Aug 7, 2006Nov 6, 2006Feb 28, 2007Aug 9, 2007Nov 6, 2007Mar 7, 2008Aug 15, 2008Nov 11, 2008Mar 19, 2009May 14, 2009Aug 13, 2009Nov 13, 2009Mar 23, 2010May 7, 2010Aug 13, 2010Nov 12, 2010Mar 29, 2011Aug 12, 2011Nov 14, 2011Mar 27, 2012Apr 12, 2012Aug 14, 2012Nov 14, 2012May 16, 2013Aug 14, 2013Nov 14, 2013Mar 21, 2014May 15, 2014Aug 13, 2014Nov 13, 2014Mar 26, 2015May 15, 2015Aug 14, 2015Nov 14, 2015Mar 30, 2016May 13, 2016Aug 12, 2016Nov 11, 2016Apr 11, 2017Aug 12, 2017Nov 14, 2017Mar 29, 2018May 15, 2018Aug 14, 2018Nov 14, 2018Mar 28, 2019Apr 1, 2019Aug 15, 2019Nov 14, 2019Mar 20, 2020May 15, 2020Aug 14, 2020Nov 13, 2020Mar 26, 2021May 14, 2021Aug 16, 2021Nov 11, 2021Mar 28, 2022May 12, 2022Aug 11, 2022Nov 11, 2022Mar 25, 2023May 11, 2023Aug 2, 2023Nov 8, 2023Mar 22, 2024May 9, 2024Aug 12, 2024Nov 12, 2024Mar 21, 2025May 8, 2025Aug 14, 2025Nov 12, 2025Mar 19, 2026May 7, 2026Aug 13, 2026
EPS Estimate0.130.170.160.180.210.180.180.200.180.200.200.170.160.15-0.210.20-0.220.150.210.250.230.24-0.210.240.340.270.400.330.28-0.370.23-0.430.180.060.180.100.110.120.160.110.060.260.180.110.09-0.170.160.17-0.230.190.22-0.260.300.340.230.340.250.290.290.570.400.370.360.350.800.880.350.050.310.340.310.290.24
EPS Actual0.150.220.200.180.210.180.180.240.210.220.110.180.200.120.130.210.230.170.220.190.220.390.210.270.280.290.280.420.350.250.320.320.490.300.010.440.600.210.070.230.000.080.170.240.06-0.030.270.32-0.030.030.420.300.120.190.170.200.260.200.880.100.410.010.290.510.350.350.380.630.440.430.660.520.590.390.410.360.470.280.650.340.33
Surprise15.38%29.41%25.00%0.00%0.00%0.00%0.00%20.00%16.67%10.00%-45.00%5.88%25.00%-20.00%-0.00%15.00%-0.00%26.67%4.76%56.00%-8.70%12.50%-38.10%16.67%23.53%29.63%-37.50%-3.03%14.29%--18.92%-95.65%-39.53%16.67%16.67%27.78%-97.40%-27.27%41.67%50.00%-45.45%-150.00%3.85%77.78%-127.27%-66.67%-76.47%-25.00%11.76%--13.04%36.84%-9.09%--61.54%36.67%-97.06%26.09%50.00%40.00%20.69%31.03%10.53%10.00%16.22%82.73%48.57%-26.25%-55.68%17.77%620.00%51.61%-17.65%109.68%17.24%37.50%
TimingPre-marketPre-marketPre-marketPre-marketPre-market-After-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursPre-market-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap34.70B
Enterprise Value52.86B
Trailing P/E7.49
Forward P/E9.12
PEG Ratio1.81
Price / Sales0.79
Price / Book1.10
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 Outstanding1.90B
Shares Float2.37B
Beta0.06
Dividend Yield9.39%
Dividend Rate1.14
Payout Ratio47.29%

Dividends

20263×
0.22Jun 24, 20260.24May 4, 20260.23Mar 25, 2026
20256×
0.24Dec 26, 20250.15Dec 23, 20250.21Sep 30, 20250.21Jun 24, 20250.66May 2, 20250.19Mar 26, 2025
20246×
0.20Dec 26, 20240.17Sep 24, 20240.50Aug 26, 20240.15Jun 24, 20240.07Apr 30, 20240.14Mar 27, 2024
20235×
0.46Dec 22, 20230.15Sep 26, 20230.15Jun 26, 20230.09Apr 28, 20230.15Mar 28, 2023
20224×
0.18Dec 28, 20220.14Dec 22, 20220.16Sep 26, 20220.12Jun 27, 2022

Stock Splits

  • Apr 30, 2024130:100
  • May 2, 2022130:100
  • May 3, 2021111.4969:100
  • Aug 3, 2020104.1131:100
  • Dec 27, 2013130.765:100
  • May 2, 2013112.855:100
  • Apr 30, 2012125:100
  • Apr 30, 20101.1:1
  • Jun 4, 20071:500