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CIG 
Companhia Energetica de Minas Gerais CEMIG Pref ADR (CIG)
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Upturn Advisory Summary
10/31/2025: CIG (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $1.94
1 Year Target Price $1.94
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 2 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -30.19% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/31/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.54B USD | Price to earnings Ratio 4.86 | 1Y Target Price 1.94 |
Price to earnings Ratio 4.86 | 1Y Target Price 1.94 | ||
Volume (30-day avg) 3 | Beta 0.49 | 52 Weeks Range 1.46 - 2.12 | Updated Date 11/2/2025 |
52 Weeks Range 1.46 - 2.12 | Updated Date 11/2/2025 | ||
Dividends yield (FY) 63.59% | Basic EPS (TTM) 0.43 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.5% | Operating Margin (TTM) 14.5% |
Management Effectiveness
Return on Assets (TTM) 7.82% | Return on Equity (TTM) 23.59% |
Valuation
Trailing PE 4.86 | Forward PE 9.09 | Enterprise Value 8221072668 | Price to Sales(TTM) 0.16 |
Enterprise Value 8221072668 | Price to Sales(TTM) 0.16 | ||
Enterprise Value to Revenue 1.08 | Enterprise Value to EBITDA 3.8 | Shares Outstanding 1904080104 | Shares Floating 2373107263 |
Shares Outstanding 1904080104 | Shares Floating 2373107263 | ||
Percent Insiders - | Percent Institutions 8.06 |
Upturn AI SWOT
Companhia Energetica de Minas Gerais CEMIG Pref ADR
Company Overview
History and Background
Companhia Energetica de Minas Gerais (CEMIG) was founded in 1952. It's one of Brazil's largest integrated power companies, playing a significant role in the country's energy sector.
Core Business Areas
- Generation: CEMIG generates electricity through hydroelectric, thermal, wind, and solar power plants.
- Transmission: CEMIG owns and operates a vast transmission network, transporting electricity across Minas Gerais and other regions.
- Distribution: CEMIG distributes electricity to residential, commercial, and industrial customers in Minas Gerais.
- Gas: CEMIG also participates in the gas distribution market.
Leadership and Structure
CEMIG is led by a board of directors and an executive team. It's a mixed-capital company, with the State of Minas Gerais as its controlling shareholder.
Top Products and Market Share
Key Offerings
- Electricity Distribution: CEMIG distributes electricity to millions of customers in Minas Gerais. As a regional player, its distribution market is largely confined to the state. Competitors include Energisa and CPFL Energia.
- Electricity Generation: CEMIG generates electricity from various sources. In 2023, CEMIG had an installed capacity of approximately 6 GW. Competitors include Eletrobras and Engie Brasil Energia.
- Electricity Transmission: CEMIG transmits electricity across a large network. The market share is difficult to pinpoint precisely, but CEMIG is a significant player in Minas Gerais. Competitors include Transmissu00e3o Paulista.
- Gas Distribution: Gasmig, owned by Cemig, is a significant player in the state. Competitors in Brazil include Comgas.
Market Dynamics
Industry Overview
The Brazilian energy sector is undergoing modernization with investments in renewable energy. Regulatory changes and privatization efforts are reshaping the industry.
Positioning
CEMIG holds a dominant position in Minas Gerais' energy market due to its integrated operations and established infrastructure. It faces competition from other national and international players.
Total Addressable Market (TAM)
The Brazilian electricity market is estimated to be worth tens of billions of dollars annually. CEMIG, with its strong presence in Minas Gerais, is well-positioned to capture a significant portion of this TAM.
Upturn SWOT Analysis
Strengths
- Integrated operations (generation, transmission, distribution)
- Strong market position in Minas Gerais
- Diversified generation portfolio
- Experience and knowledge of the local market
Weaknesses
- High debt levels
- Dependence on hydrological conditions (for hydroelectric generation)
- Exposure to regulatory risks
- State-controlled ownership may hinder efficient decision making
Opportunities
- Growing demand for electricity in Brazil
- Investments in renewable energy projects
- Privatization opportunities
- Expansion into new markets and business areas
Threats
- Economic instability in Brazil
- Increased competition from private players
- Adverse regulatory changes
- Climate change impacts on hydroelectric generation
Competitors and Market Share
Key Competitors
- EBR (Eletrobras)
- ENGIY (Engie Brasil Energia)
- CPFL (CPFL Energia)
Competitive Landscape
CEMIG's competitive advantage lies in its regional dominance and integrated operations. However, it faces challenges from larger, more diversified players with greater financial resources. Cemig is smaller than Eletrobras, but competes with Engie and CPFL in energy markets in Brazil.
Major Acquisitions
Axxiom Solar
- Year: 2022
- Acquisition Price (USD millions): 12
- Strategic Rationale: Strategic diversification into renewable energy.
Growth Trajectory and Initiatives
Historical Growth: CEMIG's growth has been tied to the overall economic development of Minas Gerais and Brazil. The company has expanded its generation capacity and distribution network over time.
Future Projections: Analyst estimates vary, but generally project moderate growth for CEMIG, driven by increased electricity demand and investments in renewable energy.
Recent Initiatives: CEMIG has been investing in renewable energy projects, such as wind and solar farms. The company is also exploring opportunities in smart grids and energy efficiency.
Summary
CEMIG is a significant energy player in Brazil with a strong regional presence. Its integrated operations and diversified generation portfolio are strengths, but high debt and regulatory risks remain challenges. The company is pursuing growth opportunities in renewable energy and new technologies. However, it must be aware of growing competition and potential macroeconomic instability.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company reports
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Financial data and market information are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Companhia Energetica de Minas Gerais CEMIG Pref ADR
Exchange NYSE | Headquaters Belo Horizonte, MG, Brazil | ||
IPO Launch date 1996-11-18 | CEO, President & Member of Executive Board Mr. Reynaldo Passanezi Filho | ||
Sector Utilities | Industry Utilities - Diversified | Full time employees 5028 | Website https://www.cemig.com.br |
Full time employees 5028 | Website https://www.cemig.com.br | ||
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, 2024, the company operated 36 hydro plants with a total capacity of 4,449.0 MW, 2 wind farms with a total capacity of 70.8 MW, and 10 photovoltaic power stations with a total capacity of 158.99 MW; 357,044 miles of distribution lines; and 4,754 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.
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