Comp En De Mn Cemig CIG
Cemig is a Brazilian electric power generation, transmission, and distribution company with a regulated business model that provides stable revenue but with exposure to local governance. Cemig trades at a P/E of 6.65 and EV/EBITDA of 6.36, reflecting a discount for governance risk in Brazil, but its negative free cash flow conversion (-40.32%) and negative earnings growth (-20.40%) limit the appeal despite the high dividend yield (7.28%).
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Cemig is a Brazilian electric power generation, transmission, and distribution company with a regulated business model that provides stable revenue but with exposure to local governance. Cemig trades at a P/E of 6.65 and EV/EBITDA of 6.36, reflecting a discount for governance risk in Brazil, but its negative free cash flow conversion (-40.32%) and negative earnings growth (-20.40%) limit the appeal despite the high dividend yield (7.28%).
Score by category
| Category | Score |
|---|---|
| Financial health | 7.8 |
| Quality / Moat | 3.8 |
| Valuation | 7.0 |
| Growth | 3.7 |
| Dividend | 7.9 |
| Momentum | 4.8 |
| Risk & Context | 5.2 |
OVERALL SCORE: 6.2/10
Context and risks
Elevated governance risk in Brazil: state control with a history of political interference in management and tariff setting, which can erode value for minority shareholders. Exposure to local regulation is the main risk.
News considered in the analysis
- Cia Energetica DE Minas Gerais - Cemig (CIG) (Q2 2026) Earnings Call Highlights: Robust EBITDA ... — Resultados del Q2 2026 con EBITDA robusto, señal de solidez operativa en el negocio regulado.
- Comp En De Mn Cemig ADS Q2 Earnings Call Highlights — Mismo evento que el anterior, refuerza la lectura de un trimestre operativo positivo.
- Comp En De Mn Cemig ADS Q1 Earnings Call Highlights — Resultados del Q1 ya conocidos y descontados por el mercado.
- Cia Energetica DE Minas Gerais - Cemig (CIG) Q4 2025 Earnings Call Highlights: Record ... — Resultados récord del Q4 2025, ya reflejados en el precio.
- Carel Industries SpA (FRA:CIG) Q4 2025 Earnings Call Highlights: Strong Organic Growth and ... — Titular erróneo: se refiere a Carel Industries, no a Cemig. Sin relevancia.
Verdict: Hold: the stock is supported by a healthy balance sheet and a high dividend, but governance risk and weak cash generation warrant caution.
Main risk: Governance risk in Brazil: state ownership and potential political interference in tariff setting and management can harm minority shareholders.
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