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Companhia Energética de Minas Gerais - CEMIG Stock Price

BOVESPA:CMIG4 Community·R$35.8b Market Cap
  • 1 Narratives written by author
  • 0 Comments on narratives written by author
  • 27 Fair Values set on narratives written by author

CMIG4 Share Price Performance

R$10.76
0.11 (1.03%)
R$12.65
Fair Value
R$10.76
0.11 (1.03%)
14.9% undervalued intrinsic discount
R$12.65
Fair Value
Price R$10.76
AnalystConsensusTarget R$12.65

CMIG4 Community Narratives

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Fair Value R$12.65 14.9% undervalued intrinsic discount

Revenue Outlook Will Improve Even As Profit Margins Remain Under Pressure

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R$12.65
14.9% undervalued intrinsic discount
Revenue
-7.22% p.a.
Profit Margin
12.98%
Future PE
13.33x
Price in 2029
R$20.95

Trending Discussion

Updated Narratives

CMIG4 logo

CMIG4: Higher Fair Value Estimate Signals Stronger Profitability Outlook

Fair Value: R$12.65 14.9% undervalued intrinsic discount
13 users have set this as their fair value
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Snowflake Analysis

Fair value second-rate dividend payer.

3 Risks
2 Rewards

Companhia Energética de Minas Gerais - CEMIG Key Details

R$43.4b

Revenue

R$38.2b

Cost of Revenue

R$5.1b

Gross Profit

R$311.5m

Other Expenses

R$4.8b

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
Aug 13, 2026
1.69
11.87%
11.15%
67.9%
View Full Analysis

About CMIG4

Founded
1952
Employees
5320
CEO
Alexandre Peixoto
WebsiteView website
www.cemig.com.br

Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2025, the company operated 32 hydro plants with a total capacity of 4,434 M, 2 wind farms with a total capacity of 71 MW, and 12 photovoltaic power stations with a total capacity of 169 MW; 365,577 miles of distribution lines; and 4,865 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; sale and trading of energy; construction, implementation, operation and maintenance of electricity transmission; marketing and intermediation of energy-related business; installation, operation, maintenance and rental of solar plants; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

Recent CMIG4 News & Updates

Narrative Update May 14

CMIG4: Higher Fair Value Estimate Signals Stronger Profitability Outlook

Analysts have nudged their fair value estimate for Companhia Energética de Minas Gerais (CEMIG) higher from R$12.52 to R$12.65, citing updated assumptions that combine a higher discount rate with expectations for softer revenue and a stronger profit margin profile, along with a lower future P/E multiple. Valuation Changes Fair Value: R$12.52 to R$12.65, representing a slight upward adjustment in the fair value estimate.

Recent updates

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