CMIG4CIA ENERGETICA DE MINAS GERAIS - CEMIGCompany Data · 2T26updated 2026-08-24
1 Overview 4T10 — 2T26 · 63 quarters
CIA ENERGETICA DE MINAS GERAIS - CEMIG
CMIG4Energia Elétrica

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.

SectorEnergia Elétrica
Company HeadquartersBelo Horizonte, MG
Full Time Employees5.320
CEOMr. Alexandre Ramos Peixoto
Listing SegmentNível 1 de Governança Corporativa
Foundation1952
Customer Rating
Employee Rating
Estrutura Acionária
52%Free Float
FIA Dinâmica Energia18%
Estado de Minas Gerais (Casa Civil)17%
Blackrock, Inc.7%
BNDES Participações S.A.4%
Pzena Investment Management, LLC3%
Free Float52%
Valuation
PriceR$ 10,04
Shares Outstanding2.860.682
Market Capitalization28.721
( - ) Cash & Equivalents3.082
( + ) Total Debt22.353
( = ) Enterprise Value47.992
P/E6,2x
EV / EBITDA5,6x
R$ 10,04
Adj close · daily
▲ +0,9%
Income Statement
Revenue43.740
EBITDA8.565
EBIT6.918
Net Income4.597
SG&A %(2,1%)
Balance Sheet
Assets70.861
Cash3.082
Total Debt22.353
Net Debt19.271
Fixed Assets24.051
Working Capital790
Equity29.186
Invested Capital & Reinvestment
Invested Capital Turnover0,99x
Marginal IC Turnover0,19x
Reinvestment % NOPAT98,4%
Working Capital Turnover243,11x
Cash Conv. Cycle17,3
Fixed Assets Turnover1,91x
D&A % Fixed Assets7,4%
Capex % Revenue15,3%
13,4 %
RoIC · LTM
RoIC (LTM)
Margins & Returns
Revenue Growth4,2%
Gross Margin15,9%
EBITDA Margin19,6%
Net Income Margin10,5%
Effective Tax Rate10,9%
Operating Leverage(5,96x)
RoIC13,4%
RoE15,9%
Capital Structure
Current Ratio1,17x
Financial Leverage2,43x
Asset Turnover0,65x
Net Debt / EBITDA2,25x
Net Debt & Lease / EBITDA2,30x
Cash Flow
CFO Conversion60,5%
FCFF Yield(2,8%)
FCFE Yield9,7%
Payout Ratio78,5%
Dividend Yield10,3%
Interest % FCFF(115,8%)
Latest CVM filings
  • 2026-08-13reported 2T26
  • 2026-05-07reported 1T26
  • 2026-03-19reported 4T25
  • 2025-11-13reported 3T25
  • 2025-08-14reported 2T25
  • 2025-05-08reported 1T25