Companhia Energética de Minas Gerais - CEMIG
CIGUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Jun 3, 2026
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Daily timeframePart of the utilities sector, Companhia Energética de Minas Gerais - CEMIG (CIG) is listed under Utilities - Regulated Electric. At a $6.15B 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
$6.15B
Beta
0.19
P/E (TTM)
6.32
P/E (Fwd)
14.33
EPS (TTM)
$0.34
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
Companhia Energética de Minas Gerais - CEMIG carries $20.01B in total debt against $1.79B in cash reserves — debt is roughly 11.2x the cash position. Managing this leverage effectively will be important for long-term financial stability. 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.
CIG's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Companhia Energética de Minas Gerais - CEMIG carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing CIG's risk profile alongside its fundamentals and technical indicators provides a more complete picture.