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CIG-C

Companhia Energética de Minas Gerais

Utilities · $9.6B market cap

Verdict

Share price

$3.21

close of Oct 3, 2026

Fair value

$5.16

Sticker Price

Payback Price

$2.07

buy price

Undervalued

CIG-C is Undervalued: at $3.21 it trades 38% below its fair value of $5.16. Its buy price (Payback Price) is $2.07, 36% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth6.1% a year✗
Equity per share growth3.2% a year✗
Sales growth8.2% a year✗
Free cash flow growth8.8% a year✗
Return on invested capital11.1%✓

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About Companhia Energética de Minas Gerais

Companhia Energética de Minas Gerais (CEMIG), through its various subsidiaries, plays a comprehensive role in Brazil's energy landscape, covering the production, transmission, distribution, and retail of power. As of December 31, 2021, its substantial infrastructure included 70 generating facilities powered by hydroelectric, wind, and solar sources, boasting a combined installed capacity of 5,700 megawatts. The…

Regulated Electric

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works