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.
- Revenue
- +16.0%
- EPS
- 0.00%
- Free cash flow
- +411.7%
- Total debt
- +42.3%
Quarter to June 2026, against a year earlier
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Comp En De Mn Cemig ADS (CIG) Altman Z-score
Comp En De Mn Cemig ADS's Altman Z-score for fiscal 2025 is 1.76, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.76 | (0.23) |
| FY2024 | 1.99 | 0.10 |
| FY2023 | 1.89 | 0.19 |
| FY2022 | 1.69 | (0.05) |
| FY2021 | 1.74 | 0.29 |
| FY2020 | 1.46 | 0.11 |
| FY2019 | 1.35 | 0.32 |
| FY2018 | 1.03 | (0.11) |
| FY2017 | 1.13 | 0.17 |
| FY2016 | 0.96 | (0.05) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.00 | — | 0.00 | |
| Retained earnings / total assets | 0.21 | — | 0.30 | |
| EBIT / total assets | 0.10 | — | 0.32 | |
| Market value of equity / total liabilities | 0.83 | — | 0.50 | |
| Sales / total assets | 0.64 | — | 0.64 | |
| Altman Z-score | Distress zone | 1.76 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.13 | ||
Z and Z″ put Comp En De Mn Cemig ADS in different zones: distress zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CEPU Central Puerto S.A. Sponsored ADR compare | 2.7× |
| CIG Comp En De Mn Cemig ADS | 1.8× |
| MGEE MGE Energy Inc. compare | 1.7× |
| OGE OGE Energy Corporation compare | 1.3× |
| IDA IDACORP, Inc. compare | 1.2× |
| POR Portland General Electric Company compare | 1.0× |
| NWE NorthWestern Corporation compare | 0.9× |
| TXNM TXNM Energy, Inc. compare | 0.8× |
| HE Hawaiian Electric Industries, Inc. compare | 0.6× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on CIG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement