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%
Market cap
$4.4B
P/E
5.6×
Fwd P/E
9.8×
Dividend yield
1.16%
F-score
4/9
Altman Z
1.76
Beneish M
−2.28
Dividend safety
17/100
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
ROE
2.50% 7.65% 10.77% 18.89% 14.98% 19.87% 20.26% 25.21% 26.35% 17.20%
ROA
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

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Columns are period end dates · fundamentals updated 2 Oct 2026