CEMIG (NYSE: CIG)

$2.14+0.00%today

Brazilian ADR trading on the NYSE, priced in US dollars. Key figures below are sourced from Yahoo Finance.

Market Cap: —
P/E (TTM): 6.5x
P/B: —
EPS (TTM): 0.33
Dividend Yield: 8.27%
52-Week Range: $1.79 – $2.76
Volume: 2.99M
Previous Close: $2.14

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

+0.00%

1 Week

-2.73%

1 Month

+4.39%

YTD

+7.00%

1 Year

+16.94%

5 Years

+26.45%

About CEMIG

US Ticker: CIG
B3 Ticker: CMIG4
Exchange: NYSE
Currency: USD
Sector: Utilities
Industry: Utilities - Regulated Electric
Headquarters: Belo Horizonte, MG, Brazil
Employees: 5,320
CEO: Mr. Alexandre Ramos Peixoto
Founded: 1952

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.

www.cemig.com.br

Analyst Ratings

Consensus of 3 Wall Street analysts · sourced from Yahoo Finance

None

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$1.91

Average

$2.14

High

$2.50

The average target is -0.16% below the current price of $2.14.

Display currency

Revenue, net debt and other totals below — switch between US dollars and BRL.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from CEMIG's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Solid

Net Margin: 11.2%
ROE: 17.1%
Rev Growth (YoY): +1.86%
Net Debt / EBITDA: 2.71×
Current Ratio: 0.93×
Interest Coverage: 3.95×
Free Cash Flow: 1.26B
Payout Ratio: 162.6%

Income — Margins & Efficiency

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Revenue	$8,385,548,612	+7.4%	$7,806,690,771	+21.1%	$6,445,555,933	-15.2%	$7,597,624,840	+16.5%	$6,521,401,809	+8.0%	$6,040,357,617	+24.3%	$4,860,100,650	-23.4%	$6,346,572,251	+10.3%	$5,755,768,933	-12.2%	$6,557,337,441	+13.6%	$5,772,222,735	+4.4%	$5,526,827,912	-25.1%	$7,382,916,996	+19.1%	$6,199,720,256	-10.3%	$6,912,620,410	+4.0%	$6,644,327,686	-19.9%	$8,297,232,250	+19.0%	$6,975,329,891	+18.6%	$5,882,960,413	+10.3%	$5,335,823,007	+180.9%	$1,899,577,663
Gross profit	$1,090,239,034	-17.5%	$1,321,536,832	+4.3%	$1,267,420,968	-26.7%	$1,728,588,512	+34.1%	$1,289,028,498	+6.8%	$1,206,958,458	+16.4%	$1,037,019,256	-29.3%	$1,466,240,972	+22.9%	$1,193,020,495	-6.5%	$1,275,708,979	-4.5%	$1,335,362,666	-13.2%	$1,537,897,743	-39.9%	$2,559,436,344	+26.4%	$2,025,600,814	-6.7%	$2,172,020,928	-7.6%	$2,351,490,457	-18.4%	$2,882,069,795	+5.5%	$2,732,644,865	-29.2%	$3,860,585,198	+3.8%	$3,718,101,058	+95.7%	$1,899,577,663
Operating income	$881,282,261	-23.7%	$1,155,545,816	-4.7%	$1,212,709,820	-5.3%	$1,280,978,104	+19.1%	$1,075,956,553	-13.8%	$1,247,890,560	+37.6%	$906,597,180	+20.9%	$750,053,975	+0.9%	$743,121,160	-6.9%	$797,922,141	+43.9%	$554,684,377	-53.3%	$1,188,616,777	-44.0%	$2,124,260,578	+14.9%	$1,849,277,328	+8.8%	$1,699,183,414	-1.7%	$1,727,964,830	-19.3%	$2,141,395,909	+13.0%	$1,895,008,606	+92.6%	$984,079,174	-16.3%	$1,176,370,735	+592.5%	$169,873,299
EBITDA	$1,308,590,408	-17.7%	$1,589,788,539	-16.4%	$1,900,645,851	+0.7%	$1,886,932,498	+59.9%	$1,180,221,776	-4.9%	$1,241,427,597	+4.0%	$1,193,833,983	-30.0%	$1,705,551,022	+56.6%	$1,088,999,019	-11.9%	$1,236,447,102	+24.4%	$993,758,263	-31.2%	$1,443,627,265	-39.3%	$2,377,453,751	-1.1%	$2,403,679,057	-27.4%	$3,310,840,546	+24.4%	$2,660,840,661	-10.1%	$2,960,288,809	-5.4%	$3,129,087,780	+86.4%	$1,678,571,429	-22.4%	$2,164,318,452	-16.9%	$2,603,472,548
Net profit	$937,109,226	+4.8%	$894,233,227	-22.4%	$1,152,009,583	-3.1%	$1,188,404,602	+53.5%	$774,325,398	+15.0%	$673,404,905	+22.1%	$551,741,250	-30.6%	$795,375,962	+78.9%	$444,478,860	+47.0%	$302,316,451	+194.4%	$102,696,553	-83.5%	$624,004,853	-47.2%	$1,181,944,915	-10.2%	$1,315,644,471	-37.0%	$2,088,895,409	+61.3%	$1,294,767,317	-4.7%	$1,358,604,091	+11.0%	$1,223,752,151	+62.2%	$754,302,926	-17.6%	$915,520,851	+493.0%	$154,387,611
Gross margin	13.0%	-3.9 p.p.	16.9%	-2.7 p.p.	19.7%	-3.1 p.p.	22.8%	+3.0 p.p.	19.8%	-0.2 p.p.	20.0%	-1.4 p.p.	21.3%	-1.8 p.p.	23.1%	+2.4 p.p.	20.7%	+1.3 p.p.	19.5%	-3.7 p.p.	23.1%	-4.7 p.p.	27.8%	-6.8 p.p.	34.7%	+2.0 p.p.	32.7%	+1.3 p.p.	31.4%	-4.0 p.p.	35.4%	+0.7 p.p.	34.7%	-4.4 p.p.	39.2%	-26.4 p.p.	65.6%	-4.1 p.p.	69.7%	-30.3 p.p.	100.0%
Operating margin	10.5%	-4.3 p.p.	14.8%	-4.0 p.p.	18.8%	+2.0 p.p.	16.9%	+0.4 p.p.	16.5%	-4.2 p.p.	20.7%	+2.0 p.p.	18.7%	+6.8 p.p.	11.8%	-1.1 p.p.	12.9%	+0.7 p.p.	12.2%	+2.6 p.p.	9.6%	-11.9 p.p.	21.5%	-7.3 p.p.	28.8%	-1.1 p.p.	29.8%	+5.2 p.p.	24.6%	-1.4 p.p.	26.0%	+0.2 p.p.	25.8%	-1.4 p.p.	27.2%	+10.4 p.p.	16.7%	-5.3 p.p.	22.0%	+13.1 p.p.	8.9%
EBITDA margin	15.6%	-4.8 p.p.	20.4%	-9.1 p.p.	29.5%	+4.7 p.p.	24.8%	+6.7 p.p.	18.1%	-2.5 p.p.	20.6%	-4.0 p.p.	24.6%	-2.3 p.p.	26.9%	+8.0 p.p.	18.9%	+0.1 p.p.	18.9%	+1.6 p.p.	17.2%	-8.9 p.p.	26.1%	-6.1 p.p.	32.2%	-6.6 p.p.	38.8%	-9.1 p.p.	47.9%	+7.8 p.p.	40.0%	+4.4 p.p.	35.7%	-9.2 p.p.	44.9%	+16.3 p.p.	28.5%	-12.0 p.p.	40.6%	-96.5 p.p.	137.1%
Net margin	11.2%	-0.3 p.p.	11.5%	-6.4 p.p.	17.9%	+2.2 p.p.	15.6%	+3.8 p.p.	11.9%	+0.7 p.p.	11.1%	-0.2 p.p.	11.4%	-1.2 p.p.	12.5%	+4.8 p.p.	7.7%	+3.1 p.p.	4.6%	+2.8 p.p.	1.8%	-9.5 p.p.	11.3%	-4.7 p.p.	16.0%	-5.2 p.p.	21.2%	-9.0 p.p.	30.2%	+10.7 p.p.	19.5%	+3.1 p.p.	16.4%	-1.2 p.p.	17.5%	+4.7 p.p.	12.8%	-4.3 p.p.	17.2%	+9.0 p.p.	8.1%
Revenue growth (YoY)	1.9%	-5.5 p.p.	7.4%	-0.7 p.p.	8.1%	+1.1 p.p.	6.9%	+4.5 p.p.	2.4%	-30.9 p.p.	33.4%	+34.4 p.p.	-1.0%	-15.3 p.p.	14.3%	+11.6 p.p.	2.7%	-13.0 p.p.	15.7%	+29.8 p.p.	-14.2%	-25.8 p.p.	11.6%	-22.4 p.p.	34.0%	+30.5 p.p.	3.5%	-10.6 p.p.	14.1%	+24.2 p.p.	-10.1%	-23.6 p.p.	13.4%	+24.5 p.p.	-11.1%	-56.1 p.p.	45.0%	-88.0 p.p.	133.0%	—	—
Effective tax rate	12.1%	-1.5 p.p.	13.6%	-10.3 p.p.	23.9%	+8.1 p.p.	15.8%	+15.2 p.p.	0.6%	-19.5 p.p.	20.1%	-4.5 p.p.	24.6%	-10.4 p.p.	35.0%	+4.7 p.p.	30.3%	-8.8 p.p.	39.1%	+30.1 p.p.	9.0%	-17.6 p.p.	26.6%	-3.4 p.p.	30.0%	+6.5 p.p.	23.4%	+7.1 p.p.	16.3%	-7.4 p.p.	23.7%	+4.1 p.p.	19.5%	-14.4 p.p.	33.9%	+3.8 p.p.	30.1%	+0.4 p.p.	29.7%	+71.2 p.p.	-41.5%
Interest coverage	3.95×	-17.2%	4.77×	-90.6%	50.62×	+53.2%	33.03×	+28.6%	25.69×	+1.8%	25.24×	+18.8%	21.24×	+23.3%	17.22×	+594.2%	2.48×	+22.2%	2.03×	+71.9%	1.18×	-63.3%	3.22×	-39.8%	5.35×	-12.5%	6.11×	-8.0%	6.65×	+61.2%	4.12×	+24.8%	3.30×	-13.3%	3.81×	-24.1%	5.02×	+9.7%	4.58×	+568.7%	0.68×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Net debt	$3,544,380,874	+8.0%	$3,281,819,510	+87.5%	$1,749,947,393	-2.7%	$1,799,307,245	+0.2%	$1,796,199,523	-7.2%	$1,935,885,067	-25.9%	$2,613,642,997	-27.8%	$3,618,039,246	+1.0%	$3,583,000,878	-11.3%	$4,037,373,078	-16.5%	$4,832,997,263	+34.3%	$3,599,509,187	-24.3%	$4,755,661,053	+54.7%	$3,075,064,638	-32.1%	$4,531,729,989	-34.6%	$6,925,798,842	+12.3%	$6,164,861,613	+56.5%	$3,940,332,760	+101.6%	$1,954,388,985	-31.3%	$2,846,149,494	+12.0%	$2,541,529,798
Net Debt / Equity	0.65×	+2.5%	0.63×	+59.3%	0.39×	+11.5%	0.35×	-18.8%	0.44×	-21.4%	0.55×	-28.6%	0.78×	-14.0%	0.90×	+3.6%	0.87×	-6.6%	0.93×	-22.9%	1.21×	+10.4%	1.10×	-2.1%	1.12×	+94.9%	0.57×	-28.5%	0.80×	-27.0%	1.10×	+23.2%	0.89×	+45.1%	0.62×	+26.4%	0.49×	-20.4%	0.61×	-5.5%	0.65×
Net Debt / EBITDA	2.71×	+31.2%	2.06×	+124.2%	0.92×	-3.4%	0.95×	-37.3%	1.52×	-2.4%	1.56×	-28.8%	2.19×	+3.2%	2.12×	-35.5%	3.29×	+0.8%	3.27×	-32.9%	4.86×	+95.1%	2.49×	+24.6%	2.00×	+56.4%	1.28×	-6.5%	1.37×	-47.4%	2.60×	+25.0%	2.08×	+65.4%	1.26×	+8.2%	1.16×	-11.5%	1.32×	+34.7%	0.98×
Debt / Equity	0.69×	-0.4%	0.70×	+49.9%	0.46×	+11.5%	0.42×	-17.0%	0.50×	-15.9%	0.60×	-31.6%	0.87×	-6.8%	0.94×	+1.0%	0.93×	-7.8%	1.00×	-21.5%	1.28×	+9.7%	1.17×	-2.6%	1.20×	+60.0%	0.75×	-22.7%	0.97×	-27.9%	1.34×	+16.6%	1.15×	+13.9%	1.01×	+45.0%	0.70×	-15.8%	0.83×	+6.3%	0.78×
Current ratio	0.93×	-7.0%	1.00×	+15.8%	0.86×	-4.6%	0.91×	-24.6%	1.20×	-0.8%	1.21×	-24.0%	1.60×	+22.7%	1.30×	+9.4%	1.19×	+20.6%	0.99×	+37.5%	0.72×	+0.0%	0.72×	+10.7%	0.65×	-42.5%	1.13×	+63.7%	0.69×	-1.9%	0.70×	-44.5%	1.26×	+50.6%	0.84×	-34.1%	1.27×	-3.3%	1.32×	+19.2%	1.10×
Return on equity (ROE)	17.1%	-0.1 p.p.	17.1%	-8.9 p.p.	26.0%	+2.6 p.p.	23.4%	+4.6 p.p.	18.8%	-0.5 p.p.	19.3%	+2.9 p.p.	16.4%	-3.4 p.p.	19.8%	+9.0 p.p.	10.8%	+3.8 p.p.	7.0%	+4.4 p.p.	2.6%	-16.4 p.p.	19.0%	-8.8 p.p.	27.8%	+3.2 p.p.	24.6%	-12.4 p.p.	37.0%	+16.4 p.p.	20.6%	+0.9 p.p.	19.7%	+0.6 p.p.	19.1%	+0.3 p.p.	18.8%	-0.9 p.p.	19.7%	+15.7 p.p.	3.9%
Return on assets (ROA)	7.2%	-0.1 p.p.	7.3%	-4.6 p.p.	11.9%	+1.4 p.p.	10.5%	+2.9 p.p.	7.6%	+0.4 p.p.	7.2%	+1.9 p.p.	5.3%	-1.0 p.p.	6.3%	+3.4 p.p.	2.9%	+0.5 p.p.	2.4%	+1.6 p.p.	0.8%	-5.2 p.p.	6.0%	-2.9 p.p.	9.0%	-1.4 p.p.	10.4%	-2.7 p.p.	13.1%	+6.6 p.p.	6.5%	-0.2 p.p.	6.7%	-0.3 p.p.	7.0%	-0.0 p.p.	7.1%	+0.4 p.p.	6.6%	+5.2 p.p.	1.4%
Book value / share	$1.92	+5.4%	$1.82	+17.7%	$1.55	-12.8%	$1.78	-5.2%	$1.87	+18.0%	$1.59	+35.1%	$1.18	-16.1%	$1.40	-25.0%	$1.87	-4.9%	$1.97	-3.9%	$2.05	+21.7%	$1.68	-2.3%	$1.72	-39.0%	$2.82	+23.3%	$2.29	-10.3%	$2.55	-15.8%	$3.03	+16.8%	$2.59	+60.3%	$1.62	-12.4%	$1.85	+18.7%	$1.56

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

This year (YTD) $0.13/share · yield 6.26%

Dividends and yield from Yahoo Finance (per ADR share, in USD). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.