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Cemig (CIG) USD

At a glance: strengths & risks
Revenue growing (+21%)Profit falling (-22%)Margins compressing (28%→19%)

Sector: Utilities

BR_CIG

Price chart

2.12 USDDay -2.30%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
2.12 USD · -2.30%
Market cap
6.1 bn USD

Growth

Δ revenue y/y
19.0%
Δ EBITDA y/y
9.9%

Multiples

P/E (LTM)
6.8x
P/B (FY)
1.4x
P/E (ann.)
7.8x
EV/EBITDA (LTM)
6.5x
EV/EBITDA (ann.)
6.7x

Cash return

Dividend yield
6.2%
FCF yield (LTM)
9.0%

Liquidity

Daily turnover (listing)
2.3 mln USD

Shares: yahoo_fundamentals_timeseries/CIG

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)PARTIAL2085.2
y/y 19.0%
276.5
y/y 6.2%
81.9
y/y 24.5%
358.4
y/y 9.9%
195.1
y/y 5.6%
223.0-18.613587.3
y/y 19.5%
5758.5
y/y 15.9%
14.2%3551.2Link
2025-12-31Q4 2025 (3M)PARTIAL2072.3
y/y
426.9
y/y
47.9
y/y
474.8
y/y
335.1
y/y
-302.712239.9
y/y 26.6%
5219.3
y/y 17.8%
16.9%3068.6Link
2025-09-30Q3 2025 (3M)PARTIAL1973.2
y/y 12.0%
208.6
y/y -73.9%
71.5
y/y 18.0%
280.1
y/y -67.5%
148.0
y/y -74.0%
200.3-71.912030.9
y/y 10.0%
5339.0
y/y 9.6%
3.8%2433.0Link
2025-06-30Q2 2025 (3M)PARTIAL1934.6
y/y 15.0%
294.3
y/y -18.8%
67.3
y/y 10.1%
361.6
y/y -14.6%
213.1
y/y -29.2%
174.8-43.511373.4
y/y 12.5%
5107.9
y/y 7.4%
16.9%2203.4Link
2025-03-31Q1 2025 (3M)PARTIAL1751.6
y/y -1.0%
260.4
y/y -20.8%
65.7
y/y 1.0%
326.1
y/y -17.2%
184.8
y/y -18.0%
244.0-24.011370.5
y/y 1.3%
4968.0
y/y 0.0%
15.7%1875.8Link
2024-12-31FY 2024 (12M)PARTIAL
y/y -15.4%
y/y 7.0%
y/y -15.2%
y/y 3.7%
y/y -3.3%
9667.8
y/y -14.9%
4432.4
y/y -13.0%
24.8%1491.8Link
2024-09-30Q3 2024 (3M)PARTIAL1761.3
y/y -5.7%
800.4
y/y 138.4%
60.6
y/y -4.0%
861.0
y/y 115.8%
569.3
y/y 132.2%
297.9-48.010934.3
y/y -1.8%
4870.5
y/y 0.6%
15.8%1303.8Link
2024-06-30Q2 2024 (3M)PARTIAL1681.7
y/y -9.9%
362.3
y/y 8.6%
61.1
y/y -6.1%
423.4
y/y 6.2%
300.9
y/y 14.1%
228.4-35.310112.2
y/y -12.4%
4754.4
y/y -4.9%
24.8%1555.1Link
2024-03-31Q1 2024 (3M)PARTIAL1770.2
y/y 2.1%
328.8
y/y -11.8%
65.0
y/y 5.8%
393.9
y/y -9.3%
225.3
y/y -19.7%
320.4-37.811225.7
y/y 3.5%
4967.8
y/y 8.6%
17.9%1397.0Link
2023-12-31FY 2023 (12M)PARTIAL
y/y
y/y
y/y
y/y
y/y
11366.1
y/y
5095.2
y/y
24.0%1379.3Link
2023-09-30Q3 2023 (3M)PARTIAL1868.1
y/y
335.8
y/y
63.1
y/y
398.9
y/y
245.2
y/y
402.4-84.911130.5
y/y
4842.1
y/y
6.6%1573.1Link
2023-06-30Q2 2023 (3M)PARTIAL1867.2
y/y
333.6
y/y
65.1
y/y
398.7
y/y
263.7
y/y
376.6-59.411547.7
y/y
4999.6
y/y
22.0%1716.0Link
2023-03-31Q1 2023 (3M)PARTIAL1734.5
y/y
373.0
y/y
61.5
y/y
434.4
y/y
280.5
y/y
192.0-24.210849.2
y/y
4573.0
y/y
1468.8Link

Net debt structure (leases included, IFRS 16) 2024-12-31

Short-term debt (incl. ST leases)0
Long-term debt (incl. LT leases)1 857
− Cash & equivalents365
Net debt1 492

Net debt / LTM EBITDA: 1.0x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05001 0001 5002 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-100%0%100%200%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-10001002003002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

01 0002 0003 0004 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +21% vs -15% the year before — a +36.5 pp move. 3-year CAGR +5%.
revenue growth by year: 2023 +14% · 2024 -15% · 2025 +21%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-07-020.043 USDEx-dividend: 0.043 USD per sharePaidYahoo Finance (ex-div)
2026-05-140.048 USDEx-dividend: 0.048 USD per sharePaidYahoo Finance (ex-div)
2026-03-300.043 USDEx-dividend: 0.043 USD per sharePaidYahoo Finance (ex-div)
2025-06-300.038 USDEx-dividend: 0.038 USD per sharePaidYahoo Finance (ex-div)
2025-05-120.119 USDEx-dividend: 0.119 USD per sharePaidYahoo Finance (ex-div)
2025-03-310.033 USDEx-dividend: 0.033 USD per sharePaidYahoo Finance (ex-div)
2024-12-300.032 USDEx-dividend: 0.032 USD per sharePaidYahoo Finance (ex-div)
2024-09-300.03 USDEx-dividend: 0.03 USD per sharePaidYahoo Finance (ex-div)
2024-08-260.088 USDEx-dividend: 0.088 USD per sharePaidYahoo Finance (ex-div)
2024-07-010.028 USDEx-dividend: 0.028 USD per sharePaidYahoo Finance (ex-div)
2024-05-020.0677 USDEx-dividend: 0.0677 USD per sharePaidYahoo Finance (ex-div)
2024-03-280.0269 USDEx-dividend: 0.0269 USD per sharePaidYahoo Finance (ex-div)
2023-12-220.0938 USDEx-dividend: 0.0938 USD per sharePaidYahoo Finance (ex-div)
2023-09-290.03 USDEx-dividend: 0.03 USD per sharePaidYahoo Finance (ex-div)
2023-06-300.0315 USDEx-dividend: 0.0315 USD per sharePaidYahoo Finance (ex-div)
2023-04-280.0092 USDEx-dividend: 0.0092 USD per sharePaidYahoo Finance (ex-div)
2023-03-310.0285 USDEx-dividend: 0.0285 USD per sharePaidYahoo Finance (ex-div)
2022-12-300.0346 USDEx-dividend: 0.0346 USD per sharePaidYahoo Finance (ex-div)
2022-12-230.0262 USDEx-dividend: 0.0262 USD per sharePaidYahoo Finance (ex-div)
2022-09-300.0315 USDEx-dividend: 0.0315 USD per sharePaidYahoo Finance (ex-div)
2022-06-270.0238 USDEx-dividend: 0.0238 USD per sharePaidYahoo Finance (ex-div)
2022-05-020.0992 USDEx-dividend: 0.0992 USD per sharePaidYahoo Finance (ex-div)
2022-04-010.0231 USDEx-dividend: 0.0231 USD per sharePaidYahoo Finance (ex-div)
2021-12-220.0769 USDEx-dividend: 0.0769 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://ri.cemig.com.br/en/

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Cemig (CIG) — from primary filings.

CEMIG generates, transmits, distributes, and sells electricity in Brazil, and also engages in gas distribution and related energy services.

Frequently asked questions

What is Cemig (CIG)'s P/E ratio?
Cemig (CIG) trades at a P/E of 6.8x (price to trailing 12-month earnings).
What is Cemig (CIG)'s EV/EBITDA?
Cemig (CIG) trades at 6.5x EV/EBITDA.
What is Cemig (CIG)'s P/B ratio?
Cemig (CIG) trades at a P/B of 1.4x.
What is Cemig (CIG)'s dividend yield?
Cemig (CIG)'s trailing 12-month dividend yield is 6.2%.
What is Cemig (CIG)'s return on equity (ROE)?
Cemig (CIG)'s ROE is 14.4%.
What is Cemig (CIG)'s market capitalization?
Cemig (CIG)'s market cap is 6.1 bn USD.