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Companhia Energetica de Minas Gerais CEMIG Pref ADR (CIG)

Upturn stock ratingUpturn stock rating
$2.08
Last Close (24-hour delay)
Profit since last BUY6.67%
upturn advisory
Consider higher Upturn Star rating
BUY since 22 days
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Upturn Stock infoUpturn Stock info Stock price based on last close
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Upturn Advisory Summary

09/16/2025: CIG (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

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

Analysts Price Target For last 52 week
$1.94 Target price
52w Low $1.48
Current$2.08
52w High $2.09

Analysis of Past Performance

Type Stock
Historic Profit -24.28%
Avg. Invested days 37
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/16/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 6.51B USD
Price to earnings Ratio 4.52
1Y Target Price 1.94
Price to earnings Ratio 4.52
1Y Target Price 1.94
Volume (30-day avg) 3
Beta 0.52
52 Weeks Range 1.48 - 2.09
Updated Date 09/16/2025
52 Weeks Range 1.48 - 2.09
Updated Date 09/16/2025
Dividends yield (FY) 64.22%
Basic EPS (TTM) 0.46

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 4.52
Forward PE 9.28
Enterprise Value 8298822090
Price to Sales(TTM) 0.16
Enterprise Value 8298822090
Price to Sales(TTM) 0.16
Enterprise Value to Revenue 1.1
Enterprise Value to EBITDA 3.88
Shares Outstanding 1904080000
Shares Floating 2373107263
Shares Outstanding 1904080000
Shares Floating 2373107263
Percent Insiders -
Percent Institutions 8.07

ai summary icon Upturn AI SWOT

Companhia Energetica de Minas Gerais CEMIG Pref ADR

stock logo

Company Overview

overview logo History and Background

Companhia Energetica de Minas Gerais (CEMIG) was founded in 1952 in Minas Gerais, Brazil. It has evolved into one of Brazil's largest integrated utilities, involved in power generation, transmission, and distribution.

business area logo Core Business Areas

  • Generation: CEMIG generates electricity through a diverse portfolio, including hydroelectric, thermal, wind, and solar power plants.
  • Transmission: CEMIG operates a vast transmission network, transporting electricity across Minas Gerais and connecting to the national grid.
  • Distribution: CEMIG distributes electricity to residential, commercial, and industrial customers in Minas Gerais.

leadership logo Leadership and Structure

CEMIG is led by a board of directors and an executive management team. It operates through various subsidiaries and divisions, each responsible for specific business areas.

Top Products and Market Share

overview logo Key Offerings

  • Electricity Generation: CEMIG generates electricity from various sources, with hydroelectric being a significant contributor. Market share data varies, but CEMIG is a major player in the Brazilian power generation market. Competitors include Eletrobras, Engie Brasil Energia.
  • Electricity Distribution: CEMIG distributes electricity to millions of customers in Minas Gerais. It holds a significant market share in its concession area. Competitors include other regional distributors like Light S.A., CPFL Energia.

Market Dynamics

industry overview logo Industry Overview

The Brazilian electricity market is undergoing deregulation and privatization, creating both opportunities and challenges for CEMIG. There's growing demand for renewable energy sources.

Positioning

CEMIG is a well-established utility with a strong presence in Minas Gerais. Its competitive advantages include its diverse generation portfolio and extensive infrastructure.

Total Addressable Market (TAM)

The total addressable market for electricity in Brazil is estimated to be in the billions of USD annually. CEMIG is positioned to capture a significant portion of this TAM through its generation and distribution businesses.

Upturn SWOT Analysis

Strengths

  • Diversified generation portfolio
  • Extensive transmission and distribution network
  • Strong brand recognition in Minas Gerais
  • Experienced management team

Weaknesses

  • Exposure to regulatory risks
  • High debt levels
  • Dependence on hydroelectric power (vulnerable to droughts)
  • Operational inefficiencies

Opportunities

  • Expansion into renewable energy
  • Participation in privatization of other utilities
  • Infrastructure upgrades
  • Growing electricity demand in Brazil

Threats

  • Increased competition from private players
  • Changes in government regulations
  • Economic slowdown in Brazil
  • Adverse weather conditions (droughts)

Competitors and Market Share

competitor logo Key Competitors

  • ELET3.SA
  • ENBR3.SA
  • CPFE3.SA

Competitive Landscape

CEMIG faces competition from both state-owned and private utilities. Its advantages include its strong regional presence and diverse generation portfolio. Disadvantages include regulatory risks and operational inefficiencies.

Major Acquisitions

Renova Energia Assets

  • Year: 2023
  • Acquisition Price (USD millions): 150
  • Strategic Rationale: Expanded renewable energy portfolio and generation capacity.

Growth Trajectory and Initiatives

Historical Growth: CEMIG's growth has been driven by expanding electricity demand and strategic investments. Growth data is presented as: Revenue growth: [4.0, 4.5, 5.0]

Future Projections: Analysts project continued growth for CEMIG, driven by investments in renewable energy and infrastructure. Revenue growth forecast: [3.5, 4.0, 4.5]

Recent Initiatives: CEMIG has been investing in renewable energy projects, such as wind and solar farms, and upgrading its transmission infrastructure.

Summary

CEMIG is a major Brazilian utility with a strong regional presence and diversified generation portfolio, benefiting from growing electricity demand and renewable energy investments. It faces challenges related to regulatory risks, high debt levels, and competition. CEMIG's recent initiatives in renewable energy position it well for future growth, but it needs to address operational inefficiencies and regulatory uncertainties. While a significant player, managing financial leverage and adapting to market deregulation will be key.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Industry Reports
  • Analyst Estimates

Disclaimers:

The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and consultation with a financial advisor. Financial data is illustrative and may not be up to date.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 5028

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.