Saturday 17 October 2026
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Comp En De Mn Cemig ADS
CIG Utilities Utilities Regulated Electric
Comp En De Mn Cemig ADS’s revenue for fiscal 2025 (year ended December 2025) was $7.7 billion, up 3.71% from fiscal 2024. In the quarter to June 2026, revenue grew 16.0%, EPS was flat, free cash flow grew 411.7% and total debt rose 42.3%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
2.31
0.02
+0.87%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 5 | 6 | 7 | 5 | 6 | 5 | 8 | 4 | 4 |
P/E ratio |
41.74 | 12.44 | 16.30 | 8.64 | 12.45 | 7.45 | 5.94 | 4.29 | 3.81 | 4.84 |
P/S ratio |
0.83 | 0.69 | 1.29 | 2.33 | 1.45 | 0.86 | 0.63 | 0.68 | 0.69 | 0.75 |
Altman Z-Score |
1.07 | 1.24 | 1.16 | 2.05 | 1.68 | 1.87 | 1.69 | 1.89 | 1.99 | 1.76 |
Altman Z″-Score (non-manufacturers) |
0.84 | 1.42 | 1.53 | 1.75 | 2.28 | 2.30 | 2.22 | 2.31 | 2.51 | 2.13 |
P/FCF ratio |
21.07 | 0.00 | 90.79 | 148.22 | 4.00 | 8.37 | 3.46 | 4.64 | 6.18 | 12.09 |
P/Operating CF |
(10.45) | (9.51) | 99.75 | 68.00 | 17.79 | 55.10 | 19.45 | 14.10 | 27.71 | 56.34 |
Beneish M-Score |
(2.66) | (2.06) | (2.77) | (2.10) | (3.06) | (2.18) | (2.71) | (2.62) | (2.37) | (2.28) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 17 |
P/B ratio |
1.21 | 1.05 | 1.80 | 3.73 | 2.09 | 1.48 | 1.00 | 1.01 | 1.00 | 1.12 |
Price to Tangible BV |
7.41 | 4.75 | 5.55 | 13.89 | 6.44 | 4.44 | 3.05 | 2.66 | 2.58 | 3.18 |
EV/Sales |
1.52 | 1.28 | 1.87 | 2.86 | 1.83 | 1.13 | 0.86 | 0.88 | 0.94 | 1.14 |
EV/EBITDA |
7.69 | 7.42 | 11.28 | 20.03 | 9.64 | 5.87 | 4.95 | 4.03 | 3.40 | 6.04 |
EV/Operating CF |
23.47 | 47.90 | 41.35 | 36.07 | 5.36 | 10.28 | 4.47 | 4.89 | 6.81 | 11.98 |
EV/FCF |
38.29 | (15.72) | 132.02 | 181.86 | 5.05 | 10.97 | 4.68 | 6.04 | 8.47 | 18.49 |
Quick Ratio |
0.60 | 0.86 | 0.31 | 0.94 | 1.26 | 1.01 | 0.99 | 0.73 | 0.70 | 0.76 |
Current Ratio |
0.72 | 0.99 | 1.19 | 1.28 | 1.60 | 1.21 | 1.20 | 0.91 | 0.86 | 1.00 |
Net Debt/EBITDA |
3.46 | 3.40 | 3.52 | 4.62 | 2.01 | 1.39 | 1.29 | 0.93 | 0.92 | 2.09 |
Debt/Assets |
36.11% | 35.29% | 24.68% | 30.00% | 28.10% | 22.18% | 20.27% | 18.52% | 21.15% | 29.53% |
Debt/Equity |
1.17 | 1.04 | 0.93 | 0.94 | 0.87 | 0.59 | 0.50 | 0.41 | 0.46 | 0.69 |
Asset Turnover |
0.44 | 0.54 | 0.41 | 0.44 | 0.42 | 0.62 | 0.67 | 0.69 | 0.67 | 0.66 |
Operating CF/Net income |
3.63 | 0.58 | 0.58 | 0.64 | 3.01 | 0.98 | 1.62 | 1.15 | 0.77 | 0.83 |
Capex/Depreciation |
(1.37) | (1.31) | (0.13) | 0.00 | (0.17) | (0.22) | (0.25) | (0.99) | (0.59) | (0.64) |
Interest Coverage |
1.16 | 1.61 | 1.28 | 1.58 | 1.13 | 1.75 | 1.56 | 4.11 | 4.95 | 3.18 |
| 2.50% | 7.65% | 10.77% | 18.89% | 14.98% | 19.87% | 20.26% | 25.21% | 26.35% | 17.20% | |
| 0.78% | 2.48% | 3.22% | 5.46% | 4.80% | 6.90% | 7.91% | 10.78% | 11.95% | 7.60% | |
ROIC |
6.97% | 6.69% | 6.14% | 6.20% | 8.75% | 11.88% | 10.15% | 13.19% | 16.08% | 9.00% |
Return on Tangible Assets |
54.40% | 37.97% | 24.66% | 66.89% | 35.04% | 80.15% | 87.59% | 283.66% | 395.17% | 116.40% |
Average Days of Receivables |
88.27 | 89.03 | 88.64 | 84.66 | 96.49 | 89.38 | 83.53 | 68.67 | 67.90 | 69.42 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
5.59% | 4.66% | 4.20% | 3.47% | 2.89% | 2.13% | 2.29% | 1.92% | 2.50% | 1.93% |
Intangible Assets out of Total Assets |
0.26 | 0.26 | 0.18 | 0.23 | 0.22 | 0.25 | 0.27 | 0.28 | 0.28 | 0.28 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(1.33) | (1.29) | (0.56) | (0.40) | (0.58) | (0.68) | (0.84) | (0.74) | (0.74) | (0.75) |
Graham Number |
1.21 | 2.16 | 2.40 | 2.19 | 2.07 | 2.67 | 2.88 | 3.98 | 4.31 | 4.08 |
Earnings Yield |
2.40% | 8.04% | 6.14% | 11.58% | 8.03% | 13.42% | 16.84% | 23.30% | 26.25% | 20.67% |
Free Cash Flow Yield |
4.75% | (11.73%) | 1.10% | 0.67% | 25.01% | 11.95% | 28.90% | 21.53% | 16.19% | 8.27% |
Revenue per Share |
2.18 | 2.38 | 2.13 | 1.12 | 1.53 | 2.18 | 2.33 | 2.58 | 2.58 | 2.68 |
Operating CF per Share |
0.14 | 0.06 | 0.10 | 0.09 | 0.52 | 0.24 | 0.45 | 0.47 | 0.36 | 0.26 |
Capex per Share |
(0.13) | (0.12) | (0.01) | 0.00 | (0.01) | (0.02) | (0.02) | (0.09) | (0.05) | (0.06) |
Free Cash Flow per Share |
0.01 | (0.06) | 0.09 | 0.09 | 0.51 | 0.22 | 0.43 | 0.38 | 0.30 | 0.19 |
Cash per Share |
0.28 | 0.24 | 0.17 | 0.07 | 0.34 | 0.17 | 0.22 | 0.19 | 0.16 | 0.18 |
Shareholders Equity per Share |
1.50 | 1.57 | 1.52 | 0.70 | 1.06 | 1.26 | 1.47 | 1.73 | 1.77 | 1.79 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.50 | 1.57 | 1.52 | 0.70 | 1.06 | 1.26 | 1.47 | 1.73 | 1.77 | 1.79 |
Free Cash Flow |
20.64 | (168.19) | 246.51 | 506.72 | 1,636.20 | 639.66 | 1,224.18 | 1,078.01 | 867.30 | 553.78 |
Working Capital |
(906.26) | (39.46) | 1,204.39 | 563.82 | 1,118.60 | 418.96 | 438.15 | (245.17) | (354.86) | 2.87 |
Capital Expenditures |
(327.12) | (349.84) | (29.28) | (249.25) | (33.56) | (43.17) | (56.56) | (253.18) | (151.66) | (176.41) |
Net Current Asset Value |
(5,967.95) | (6,067.62) | (4,410.43) | (6,055.50) | (4,102.91) | (3,638.36) | (3,568.34) | (3,700.54) | (3,728.95) | (4,292.85) |
EV/EBIT |
9.92 | 9.60 | 14.64 | 24.99 | 12.15 | 7.00 | 6.17 | 4.79 | 3.88 | 7.46 |
Capex to Sales |
0.06 | 0.05 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.03 | 0.02 | 0.02 |
Price to Operating Income |
5.46 | 5.21 | 10.07 | 20.36 | 9.62 | 5.34 | 4.57 | 3.68 | 2.83 | 4.88 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.22 | 0.31 | 0.32 | 0.38 | 0.41 | 0.43 | 0.49 | 0.39 | 0.37 | 0.37 |
Cash ROIC |
0.24% | (1.71%) | 2.78% | 6.17% | 22.06% | 10.29% | 17.63% | 14.34% | 11.01% | 6.03% |
Accounts Receivable Turnover |
3.86 | 4.59 | 3.88 | 4.33 | 3.51 | 4.42 | 4.37 | 5.06 | 5.35 | 5.41 |
Accounts Payable Turnover |
7.28 | 8.49 | 7.89 | 9.74 | 7.82 | 10.45 | 10.24 | 9.89 | 10.20 | 11.65 |
Inventory Turnover |
326.47 | 422.14 | 444.70 | 503.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
49.07 | 48.90 | 37.19 | 38.74 | 43.37 | 36.37 | 37.38 | 38.68 | 34.03 | 31.23 |
Days of Inventory on Hand |
1.24 | 0.79 | 0.74 | 0.73 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
1,395.13 | 1,480.16 | 1,569.03 | 1,485.81 | 1,393.03 | 1,410.24 | 1,527.20 | 1,458.20 | 1,381.06 | 1,414.85 |
Average Payables |
568.29 | 645.01 | 613.29 | 509.91 | 492.26 | 477.31 | 522.86 | 576.43 | 575.80 | 545.79 |
Average Inventory |
12.67 | 12.97 | 10.88 | 9.87 | — | — | — | — | — | — |
Average Assets |
12,262.68 | 12,640.65 | 14,802.95 | 14,513.79 | 11,571.68 | 10,068.11 | 10,020.10 | 10,706.29 | 11,044.85 | 11,538.96 |
Average Common Equity |
3,836.71 | 4,098.17 | 4,424.53 | 4,193.85 | 3,708.76 | 3,498.52 | 3,912.94 | 4,579.08 | 5,007.61 | 5,097.74 |
Columns are period end dates · fundamentals updated 2 Oct 2026