Companhia Energética de Minas Gerais - CEMIG
CIGUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Sep 8, 2026
Scan Results
Daily timeframeCompanhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. Valued at $6.12B, CIG is a mid-cap name in its sector. 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.
Market Cap
$6.12B
Beta
0.05
P/E (TTM)
6.69
P/E (Fwd)
—
EPS (TTM)
$0.32
EPS (Fwd)
—
ROE
15.9%
ROA
5.9%
Cash
$3.08B
Total Debt
$22.75B
Free CF
-$3.18B
52W Change
5.9%
Annual Financials
Cash vs Debt
Where CIG stands vs its 150-day and 200-day moving averages
As of the September 3, 2026 close, CIG finished 1.39% below its 150-day moving average ($2.16) and 0.95% above its 200-day moving average ($2.11). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is CIG overbought or oversold?
At the September 3, 2026 close, CIG's RSI(14) was 68.8, in neutral territory (between 30 and 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
On the balance sheet, CIG has $3.08B in cash with $22.75B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$3.18B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of 15.9% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 5.9% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $31.80B (2022) to $42.75B (2025), reflecting a 34% increase over the period.
With a beta below 0.7, Companhia Energética de Minas Gerais - CEMIG typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing CIG.