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
1.85%
F-score
4/9
Altman Z
1.76
Beneish M
−2.28
Dividend safety
17/100
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Piotroski F-Score
4 4 8 5 6 5 7 6 5 5
P/E ratio
4.84 3.81 4.29 5.94 7.45 12.45 8.64 16.30 12.44 41.74
P/S ratio
0.75 0.69 0.68 0.63 0.86 1.45 2.33 1.29 0.69 0.83
Altman Z-Score
1.76 1.99 1.89 1.69 1.87 1.68 2.05 1.16 1.24 1.07
Altman Z″-Score (non-manufacturers)
2.13 2.51 2.31 2.22 2.30 2.28 1.75 1.53 1.42 0.84
P/FCF ratio
12.09 6.18 4.64 3.46 8.37 4.00 148.22 90.79 0.00 21.07
P/Operating CF
56.34 27.71 14.10 19.45 55.10 17.79 68.00 99.75 (9.51) (10.45)
Beneish M-Score
(2.28) (2.37) (2.62) (2.71) (2.18) (3.06) (2.10) (2.77) (2.06) (2.66)
Dividend Safety Score
17 — — — — — — — — —
P/B ratio
1.12 1.00 1.01 1.00 1.48 2.09 3.73 1.80 1.05 1.21
Price to Tangible BV
3.18 2.58 2.66 3.05 4.44 6.44 13.89 5.55 4.75 7.41
EV/Sales
1.14 0.94 0.88 0.86 1.13 1.83 2.86 1.87 1.28 1.52
EV/EBITDA
6.04 3.40 4.03 4.95 5.87 9.64 20.03 11.28 7.42 7.69
EV/Operating CF
11.98 6.81 4.89 4.47 10.28 5.36 36.07 41.35 47.90 23.47
EV/FCF
18.49 8.47 6.04 4.68 10.97 5.05 181.86 132.02 (15.72) 38.29
Quick Ratio
0.76 0.70 0.73 0.99 1.01 1.26 0.94 0.31 0.86 0.60
Current Ratio
1.00 0.86 0.91 1.20 1.21 1.60 1.28 1.19 0.99 0.72
Net Debt/EBITDA
2.09 0.92 0.93 1.29 1.39 2.01 4.62 3.52 3.40 3.46
Debt/Assets
29.53% 21.15% 18.52% 20.27% 22.18% 28.10% 30.00% 24.68% 35.29% 36.11%
Debt/Equity
0.69 0.46 0.41 0.50 0.59 0.87 0.94 0.93 1.04 1.17
Asset Turnover
0.66 0.67 0.69 0.67 0.62 0.42 0.44 0.41 0.54 0.44
Operating CF/Net income
0.83 0.77 1.15 1.62 0.98 3.01 0.64 0.58 0.58 3.63
Capex/Depreciation
(0.64) (0.59) (0.99) (0.25) (0.22) (0.17) 0.00 (0.13) (1.31) (1.37)
Interest Coverage
3.18 4.95 4.11 1.56 1.75 1.13 1.58 1.28 1.61 1.16
ROE
17.20% 26.35% 25.21% 20.26% 19.87% 14.98% 18.89% 10.77% 7.65% 2.50%
ROA
7.60% 11.95% 10.78% 7.91% 6.90% 4.80% 5.46% 3.22% 2.48% 0.78%
ROIC
9.00% 16.08% 13.19% 10.15% 11.88% 8.75% 6.20% 6.14% 6.69% 6.97%
Return on Tangible Assets
116.40% 395.17% 283.66% 87.59% 80.15% 35.04% 66.89% 24.66% 37.97% 54.40%
Average Days of Receivables
69.42 67.90 68.67 83.53 89.38 96.49 84.66 88.64 89.03 88.27
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
1.93% 2.50% 1.92% 2.29% 2.13% 2.89% 3.47% 4.20% 4.66% 5.59%
Intangible Assets out of Total Assets
0.28 0.28 0.28 0.27 0.25 0.22 0.23 0.18 0.26 0.26
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
(0.75) (0.74) (0.74) (0.84) (0.68) (0.58) (0.40) (0.56) (1.29) (1.33)
Graham Number
4.08 4.31 3.98 2.88 2.67 2.07 2.19 2.40 2.16 1.21
Earnings Yield
20.67% 26.25% 23.30% 16.84% 13.42% 8.03% 11.58% 6.14% 8.04% 2.40%
Free Cash Flow Yield
8.27% 16.19% 21.53% 28.90% 11.95% 25.01% 0.67% 1.10% (11.73%) 4.75%
Revenue per Share
2.68 2.58 2.58 2.33 2.18 1.53 1.12 2.13 2.38 2.18
Operating CF per Share
0.26 0.36 0.47 0.45 0.24 0.52 0.09 0.10 0.06 0.14
Capex per Share
(0.06) (0.05) (0.09) (0.02) (0.02) (0.01) 0.00 (0.01) (0.12) (0.13)
Free Cash Flow per Share
0.19 0.30 0.38 0.43 0.22 0.51 0.09 0.09 (0.06) 0.01
Cash per Share
0.18 0.16 0.19 0.22 0.17 0.34 0.07 0.17 0.24 0.28
Shareholders Equity per Share
1.79 1.77 1.73 1.47 1.26 1.06 0.70 1.52 1.57 1.50
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
1.79 1.77 1.73 1.47 1.26 1.06 0.70 1.52 1.57 1.50
Free Cash Flow
553.78 867.30 1,078.01 1,224.18 639.66 1,636.20 506.72 246.51 (168.19) 20.64
Working Capital
2.87 (354.86) (245.17) 438.15 418.96 1,118.60 563.82 1,204.39 (39.46) (906.26)
Capital Expenditures
(176.41) (151.66) (253.18) (56.56) (43.17) (33.56) (249.25) (29.28) (349.84) (327.12)
Net Current Asset Value
(4,292.85) (3,728.95) (3,700.54) (3,568.34) (3,638.36) (4,102.91) (6,055.50) (4,410.43) (6,067.62) (5,967.95)
EV/EBIT
7.46 3.88 4.79 6.17 7.00 12.15 24.99 14.64 9.60 9.92
Capex to Sales
0.02 0.02 0.03 0.01 0.01 0.01 0.00 0.00 0.05 0.06
Price to Operating Income
4.88 2.83 3.68 4.57 5.34 9.62 20.36 10.07 5.21 5.46
Other line items
Depreciation/Fixed assets
0.37 0.37 0.39 0.49 0.43 0.41 0.38 0.32 0.31 0.22
Cash ROIC
6.03% 11.01% 14.34% 17.63% 10.29% 22.06% 6.17% 2.78% (1.71%) 0.24%
Accounts Receivable Turnover
5.41 5.35 5.06 4.37 4.42 3.51 4.33 3.88 4.59 3.86
Accounts Payable Turnover
11.65 10.20 9.89 10.24 10.45 7.82 9.74 7.89 8.49 7.28
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 503.35 444.70 422.14 326.47
Average Days of Payables
31.23 34.03 38.68 37.38 36.37 43.37 38.74 37.19 48.90 49.07
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.73 0.74 0.79 1.24
Average Receivables
1,414.85 1,381.06 1,458.20 1,527.20 1,410.24 1,393.03 1,485.81 1,569.03 1,480.16 1,395.13
Average Payables
545.79 575.80 576.43 522.86 477.31 492.26 509.91 613.29 645.01 568.29
Average Inventory
— — — — — — 9.87 10.88 12.97 12.67
Average Assets
11,538.96 11,044.85 10,706.29 10,020.10 10,068.11 11,571.68 14,513.79 14,802.95 12,640.65 12,262.68
Average Common Equity
5,097.74 5,007.61 4,579.08 3,912.94 3,498.52 3,708.76 4,193.85 4,424.53 4,098.17 3,836.71

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Columns are period end dates · fundamentals updated 2 Oct 2026