Companhia Energética de Minas Gerais stock
CIGNYSEUtilitiesISIN US2044096012
53Score 53 out of 100, Neutral
Price and trend
30 / 100
Price history
−19% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 16% below it.
Since July 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Sharply down: the price has fallen very quickly lately (RSI 21).
The price is 33% below its 52-week high. Largest decline in 20 years: 93% (April 2012 to January 2016).
Chart figures for advanced users
- SMA 50$2.12
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$2.20
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)21
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$1.79
- The lowest closing price of the last twelve months.
- Resistance$2.73
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Companhia Energética de Minas Gerais belongs to the Regulated Electric industry (Brazil) and, with a market value of $8.78B, is number 50 of 79 companies in its industry on MEQIRI.
- This is an American depositary receipt (ADR).
- In fiscal 2025 it reported revenue of $7.69B (up 7.4% year on year) and earnings of $881.31M (down 31.2%).
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- MEQIRI Score 53 out of 100 (Neutral): rank 105 of 201 in Utilities, median 54.
- The P/E is 10.6 (Regulated Electric median 19.8, own median of recent years 8.7).
- Our model puts fair value at $3.66, with the price 48% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High dividend yieldDividend yield 11.44%, Regulated Electric median 3.18%.Capital allocation 53
- Below fair valuePrice 48% below the fair value of $3.66.Valuation 96
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 62
Weaknesses
- Dividend not coveredPayouts over the last 12 months were 122% of earnings and 529% of free cash flow.Capital allocation 53
Its standout strength is valuation, while technical analysis and momentum hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $2.82 and expensive above $5.23 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $3.91 (cash-flow model) and $3.42 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 13.5%. At 14.5% the fair value would be $3.38, at 12.5% it would be $4.06.
Valuation metrics
Half from the dividend model, half from earnings times the industry P/E (19.8).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 1.9% on the twelve months before. Revenue has grown solidly since 2006, at about 9% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 17%, operating 15%, net 11%.
Debt & balance sheet
latest quarterModerate debt, and interest is adequately covered.
Earnings
- Next earnings
- 12 Nov 2026today
- Last reported
- 13 Aug 2026above expectations
Analyst estimates
- Earnings per share
- 1.22−5.2%
- Revenue
- $6.91B−3.9%
- Earnings per share
- 1.13−10.6%
- Revenue
- $6.29B−3.5%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −1.5%Positive outlook for the next six months, with no guidance changed.
“But we have a positive outlook for the next 6 months, and we will continue executing our investment program that will generate a lot of value to Cemig in the next few years, considering the tariff review that we will have ahead.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 14 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Companhia Energética de Minas Gerais
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
201 rated companies in Utilities
- This company
- 53
- Sector median
- 54
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Regulated Electric
The next larger and next smaller companies by market value
- OGE EnergyOGE $10.56B62
- Guangxi Guiguan Electric PowerCo.,Ltd.600236.SS $10.5B61
- Redeia CorporaciónRED.MC $9.4B52
- CPFL EnergiaCPFE3.SA $9.21B65
- PGE Polska Grupa EnergetycznaPGE.WA $8.87B58
- Huadian Power International600027.SS $8.86B48
- IDACORPIDA $8.65B53
- Companhia Paranaense de EnergiaELPC $8.17B60
ETFs that hold Companhia Energética de Minas Gerais
Held by 12 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Franklin FTSE Brazil UCITS ETF USDFLXB | 0.73% | 0.19% | €232.67M |
| Avantis Emerging Markets Equity UCITS ETF USD AccAVEM | 0.05% | 0.35% | €277.45M |
| HSBC MSCI Emerging Markets UCITS ETFH410 | 0.02% | 0.15% | €5.12B |
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| State Street SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (Dist)ZPRI | 0.02% | 0.40% | €622.34M |
| iShares Global Infrastructure UCITS ETF Accum USDCBUX | 0.00% | 0.65% | €217.04M |
| Vanguard FTSE Emerging Markets UCITS ETF (USD) AccumulatingVFEA | 0.00% | 0.17% | €5.24B |
| Vanguard FTSE All-World UCITS ETF (USD) AccumulatingVWCE | 0.00% | 0.14% | €79.59B |
| Invesco RAFI Emerging Markets Fundamental Value UCITS ETF6PSK | 0.00% | 0.49% | €85.48M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = R$5.5565)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 2 Jan 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.