Companhia Energética de Minas Gerais (CIG) Financial Ratios
26 years of historical data (2000–2025) · Utilities · Diversified Utilities
EV/EBITDA
↑
6.20
↑+194% vs avg
5yr avg: 2.11
30Y Low1.8·High10.7
P/FCF
↑
N/A
—
5yr avg: 1.41
30Y Low0.8·High69.2
P/B Ratio
↓
1.08
↑+434% vs avg
5yr avg: 0.20
30Y Low0.1·High1.9
ROE
↓
17.5%
↑-20% vs avg
5yr avg: 22.0%
30Y Low-9%·High37%
Debt/EBITDA
↑
2.53
↑+51% vs avg
5yr avg: 1.68
30Y Low0.1·High5.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CIG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Companhia Energética de Minas Gerais trades at 6.3x earnings, 537% above its 5-year average of 1.0x, sitting at the 75th percentile of its historical range. Compared to the Utilities sector median P/E of 19.1x, the stock trades at a discount of 67%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.0B | $5.7B | $5.1B | $5.1B | $4.5B | $4.1B | $4.4B | $5.0B | $4.4B | $3.0B | $2.9B |
| Enterprise Value | $9.4B | $23.7B | $15.9B | $13.8B | $14.0B | $14.9B | $17.9B | $19.5B | $18.3B | $16.4B | $17.1B |
| P/E Ratio → | 6.32 | 1.18 | 0.71 | 0.89 | 1.09 | 1.10 | 1.53 | 1.55 | 2.62 | 3.00 | 8.92 |
| P/S Ratio | 0.72 | 0.13 | 0.13 | 0.14 | 0.13 | 0.12 | 0.17 | 0.20 | 0.20 | 0.14 | 0.16 |
| P/B Ratio | 1.08 | 0.20 | 0.18 | 0.21 | 0.20 | 0.21 | 0.25 | 0.31 | 0.28 | 0.21 | 0.23 |
| P/FCF | — | — | 1.62 | 1.90 | 1.31 | 0.81 | 1.24 | 45.67 | 33.90 | — | — |
| P/OCF | 7.69 | 1.43 | 0.92 | 0.77 | 0.67 | 1.12 | 0.51 | 2.44 | 4.41 | 5.18 | 2.43 |
P/E links to full P/E history page with 30-year chart
CIG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Companhia Energética de Minas Gerais's enterprise value stands at 6.2x EBITDA, 194% above its 5-year average of 2.1x. The Utilities sector median is 11.9x, placing the stock at a 48% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.55 | 0.40 | 0.38 | 0.40 | 0.44 | 0.71 | 0.77 | 0.82 | 0.75 | 0.91 |
| EV / EBITDA | 6.20 | 3.01 | 1.79 | 1.85 | 2.03 | 1.86 | 3.15 | 4.91 | 4.91 | 4.69 | 6.49 |
| EV / EBIT | 7.70 | 3.30 | 1.53 | 1.75 | 2.76 | 2.54 | 3.45 | 3.31 | 5.44 | 5.05 | 7.14 |
| EV / FCF | — | — | 5.09 | 5.16 | 4.10 | 2.95 | 5.08 | 178.96 | 139.86 | — | — |
CIG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Companhia Energética de Minas Gerais earns an operating margin of 14.8%, below the Utilities sector average of 18.5%. Operating margins have compressed from 16.9% to 14.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 17.5% indicates solid capital efficiency, compared to the sector median of 9.3%. ROIC of 11.2% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.9% | 16.9% | 19.7% | 22.8% | 19.8% | 20.0% | 21.3% | 23.1% | 20.7% | 19.5% | 23.1% |
| Operating Margin | 14.8% | 14.8% | 18.8% | 16.9% | 16.5% | 20.7% | 18.7% | 11.8% | 12.9% | 12.2% | 9.6% |
| Net Profit Margin | 11.5% | 11.5% | 17.9% | 15.6% | 11.9% | 11.1% | 11.4% | 12.5% | 7.7% | 4.6% | 1.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.5% | 17.5% | 27.4% | 24.8% | 19.8% | 20.3% | 17.1% | 19.8% | 11.3% | 7.3% | 2.6% |
| ROA | 7.7% | 7.7% | 12.4% | 10.6% | 7.7% | 7.1% | 5.5% | 5.8% | 3.4% | 2.4% | 0.8% |
| ROIC | 11.2% | 11.2% | 15.7% | 14.4% | 13.9% | 17.0% | 11.4% | 7.5% | 7.5% | 7.2% | 5.0% |
| ROCE | 12.9% | 12.9% | 17.1% | 14.7% | 13.6% | 16.2% | 10.8% | 7.6% | 8.2% | 8.2% | 6.2% |
CIG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Companhia Energética de Minas Gerais carries a Debt/EBITDA ratio of 2.5x, which is moderately leveraged (51% below the sector average of 5.2x). Net debt stands at $18.0B ($19.9B total debt minus $1.9B cash). Interest coverage of 4.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.70 | 0.46 | 0.42 | 0.50 | 0.60 | 0.87 | 0.94 | 0.92 | 1.00 | 1.17 |
| Debt / EBITDA | 2.53 | 2.53 | 1.43 | 1.37 | 1.59 | 1.45 | 2.68 | 3.79 | 3.96 | 4.12 | 5.75 |
| Net Debt / Equity | — | 0.63 | 0.39 | 0.35 | 0.44 | 0.55 | 0.78 | 0.90 | 0.86 | 0.93 | 1.10 |
| Net Debt / EBITDA | 2.29 | 2.29 | 1.22 | 1.17 | 1.38 | 1.35 | 2.38 | 3.66 | 3.72 | 3.83 | 5.38 |
| Debt / FCF | — | — | 3.47 | 3.26 | 2.79 | 2.13 | 3.84 | 133.29 | 105.96 | — | — |
| Interest Coverage | 4.77 | 4.77 | 50.62 | 33.03 | 25.69 | 25.24 | 21.24 | 17.22 | 2.48 | 2.03 | 1.18 |
CIG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.00x means Companhia Energética de Minas Gerais can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.91x to 1.00x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.00 | 1.00 | 0.86 | 0.91 | 1.20 | 1.21 | 1.60 | 1.30 | 1.19 | 0.99 | 0.72 |
| Quick Ratio | 1.00 | 1.00 | 0.86 | 0.91 | 1.20 | 1.21 | 1.60 | 1.30 | 1.19 | 0.98 | 0.72 |
| Cash Ratio | 0.18 | 0.18 | 0.24 | 0.24 | 0.38 | 0.38 | 0.55 | 0.27 | 0.11 | 0.34 | 0.24 |
| Asset Turnover | — | 0.64 | 0.67 | 0.67 | 0.64 | 0.65 | 0.47 | 0.50 | 0.37 | 0.51 | 0.45 |
| Inventory Turnover | — | — | — | — | — | — | — | 502.51 | 491.03 | 460.21 | 294.49 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CIG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Companhia Energética de Minas Gerais returns 12.7% to shareholders annually primarily through dividends. The payout ratio of 79.4% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 15.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 12.7% | 68.0% | 84.8% | 35.8% | 46.9% | 34.4% | 13.7% | 14.1% | 11.5% | 18.0% | 22.9% |
| Payout Ratio | 79.4% | 79.4% | 60.3% | 31.6% | 51.2% | 37.8% | 20.9% | 22.0% | 29.5% | 53.9% | 202.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 15.8% | 85.0% | 140.7% | 112.9% | 91.7% | 91.0% | 65.4% | 64.4% | 38.1% | 33.3% | 11.2% |
| FCF Yield | — | — | 61.6% | 52.6% | 76.3% | 122.7% | 80.6% | 2.2% | 2.9% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 69.3% | 0.0% |
| Total Shareholder Yield | 12.7% | 68.0% | 84.8% | 35.8% | 46.9% | 34.4% | 13.7% | 14.1% | 11.5% | 87.3% | 22.9% |
| Shares Outstanding | — | $2.9B | $2.9B | $2.9B | $2.9B | $2.9B | $2.9B | $2.9B | $2.5B | $2.9B | $2.5B |
Peer Comparison
Compare CIG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CIGYou | $6B | 6.3 | 6.2 | — | 16.9% | 14.8% | 17.5% | 11.2% | 2.5 |
 ELP | $7M | 3.0 | 2.5 | — | 18.0% | 17.9% | 11.3% | 8.4% | 3.2 |
 SBS | $19B | 11.6 | 9.2 | — | 36.6% | 32.2% | 20.9% | 13.1% | 2.8 |
 ERJ | $12B | 34.1 | 14.3 | 29.6 | 18.0% | 10.4% | 11.0% | 11.4% | 2.9 |
 UGP | $5B | 11.5 | 7.2 | 18.1 | 6.6% | 3.4% | 14.6% | 11.0% | 3.4 |
 EXC | $47B | 16.8 | 11.0 | — | 27.9% | 21.2% | 9.9% | 5.1% | 5.8 |
 DUK | $96B | 19.6 | 12.5 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 AEP | $71B | 19.6 | 13.8 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 SO | $105B | 23.8 | 12.7 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 PPL | $27B | 22.2 | 12.7 | — | 39.1% | 23.6% | 8.2% | 5.0% | 5.5 |
 ED | $39B | 19.0 | 12.7 | 1094.5 | 62.0% | 17.3% | 8.8% | 4.4% | 5.5 |
| Utilities Median | — | 19.1 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 26 years · Updated daily
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CIG — Frequently Asked Questions
Quick answers to the most common questions about buying CIG stock.
What is Companhia Energética de Minas Gerais's P/E ratio?
Companhia Energética de Minas Gerais's current P/E ratio is 6.3x. The historical average is 4.1x. This places it at the 75th percentile of its historical range.
What is Companhia Energética de Minas Gerais's EV/EBITDA?
Companhia Energética de Minas Gerais's current EV/EBITDA is 6.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.6x.
What is Companhia Energética de Minas Gerais's ROE?
Companhia Energética de Minas Gerais's return on equity (ROE) is 17.5%. The historical average is 16.8%.
Is CIG stock overvalued?
Based on historical data, Companhia Energética de Minas Gerais is trading at a P/E of 6.3x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Companhia Energética de Minas Gerais's dividend yield?
Companhia Energética de Minas Gerais's current dividend yield is 12.66% with a payout ratio of 79.4%.
What are Companhia Energética de Minas Gerais's profit margins?
Companhia Energética de Minas Gerais has 16.9% gross margin and 14.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Companhia Energética de Minas Gerais have?
Companhia Energética de Minas Gerais's Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.