Companhia Energética de Minas Gerais - CEMIG
CIGUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Jul 18, 2026
Scan Results
Daily timeframeHeadquartered within the utilities sector, Companhia Energética de Minas Gerais - CEMIG focuses on Utilities - Regulated Electric services and products. Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. At a $6.12B market cap, Companhia Energética de Minas Gerais - CEMIG ranks as a mid-cap company within utilities. 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
0.09
P/E (TTM)
6.48
P/E (Fwd)
14.27
EPS (TTM)
$0.33
EPS (Fwd)
$0.15
ROE
17.0%
ROA
5.9%
Cash
$1.79B
Total Debt
$20.01B
Free CF
-$3.62B
52W Change
16.9%
Annual Financials
Cash vs Debt
The company holds $1.79B in cash, though total debt stands at $20.01B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$3.62B, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at 17.0%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. 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. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Companhia Energética de Minas Gerais - CEMIG and its sector.