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Companhia Energética de Minas Gerais

TickerCIG-CVenueUSSectorUtilitiesClass CBeta0.06

Companhia Energética de Minas Gerais is a Brazil-based company in the Utilities sector with a market capitalisation of $9.7B. Its FinScore is 54/100; its highest-scoring layer is Momentum (68) and its lowest is Value (36). The shares trade at 10.8x trailing earnings and are up 28% year to date.

Market cap
$9.7B
P/E (TTM)
10.8x
ROE
16.0%

Share price performance

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About Companhia Energética de Minas Gerais

www.cemig.com.br

Companhia Energética de Minas Gerais (CEMIG), through its various subsidiaries, plays a comprehensive role in Brazil's energy landscape, covering the production, transmission, distribution, and retail of power. As of December 31, 2021, its substantial infrastructure included 70 generating facilities powered by hydroelectric, wind, and solar sources, boasting a combined installed capacity of 5,700 megawatts. The company also maintained an extensive network of 339,086 miles of distribution lines and 4,449 miles of transmission lines. Beyond its core electricity operations, CEMIG's diverse ventures encompass the procurement, transportation, and supply of natural gas, along with its by-products and derivatives. It also provides a range of IT services, such as cloud solutions, infrastructure management, and cybersecurity, as well as supplying technology systems for the operational oversight of public service concessions. Additional activities include energy trading, telecommunications services, distributed power generation, customer account handling, cogeneration, initiatives for energy efficiency, and the management of supply and storage. The company was established in 1952 and is headquartered in Belo Horizonte, Brazil.

Profile
Sector
Utilities
Industry
Regulated Electric
HQ
Brazil
Fiscal year-end
December
Trading currency
USD
Reporting currency
BRL
Fundamentals updated
4 days ago
Market
Market cap
$9.7B
Shares outstanding
2.9B
P/E (TTM)
10.8x
Beta (issuer)
0.06
Revenue (latest FY)
R$42.8B

Revenue breakdown

FY 2020R$319.0M
  • Receivables from Customers and Traders
    39.8%R$127.0M
  • Reimbursement For Suspension Of Supply Of Power
    16.3%R$52.0M
  • Transactions With Energy
    11.0%R$35.0M
  • Securities
    10.3%R$33.0M
  • Accounts Receivable - AFAC
    8.5%R$27.0M
  • ICMS Tax - Early Payment
    3.8%R$12.0M
  • Reimbursement For Cessation Of Power Purchase Agreement
    3.1%R$10.0M
  • Advance Against Future Electricity Supply
    2.8%R$9.0M
  • Advance For Future Power Supply
    2.2%R$7.0M
  • Provision of services
    1.6%R$5.0M
  • Reimbursement For Decontracted Supply
    0.6%R$2.0M

FinScore

As of 2026-10-19
Overall54
Quality65
Growth44
Value36
Momentum68
Relative Strength65

Snapshot

Ownership

As of 2026-03-31
Institutional
2.8%
Insider
—
Free float
83.0%
Top-5 institutional holders
2.1%
Shares outstanding
2.9B
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