Company Analysis

Companhia Energetica De Minas Gerais-CEMIG (CIG.C)

NYSE: CIG.C · Electric Services · Minas Gerais Brazil, BR · filing with the SEC since 2002
Grade5.6
◀ Past 3.1● Present 7.1▶ Future 5.3
2 est.

The grade of Companhia Energetica De Minas Gerais-CEMIG

Nine metrics read from its own filings, by tense
Headline grade
5.6/10
◀ Past3.125% of the headline
● Present7.145% of the headline
▶ Future5.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.1/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
2.5/10

Has it survived what it has been through?

6 warning events since 2017; the latest 2025-05-01.

weight 45% of this tense · 25th percentile among 59 sector filers · read for itself

From the record

Companhia Energetica De Minas Gerais-CEMIG's filings since 2017 show 6 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 6 times, the latest 2025-05-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.4/10

What has it actually done, year after year?

+6.9% a year over 10 filed years; profitable in 10 of 10.

weight 22% of this tense · 64th percentile among 51 sector filers · read for its customers

From the record

Companhia Energetica De Minas Gerais-CEMIG's 10 filed years say what it did: revenue went from BRL 22 billion in fiscal 2015 to BRL 40 billion in fiscal 2024, up 6.9% a year; it rose in 7 of 9 years; the deepest fall was 14% from fiscal 2015 to fiscal 2016; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.9%top 31% of its family
  • the share of years revenue rosetop 32% of its family
  • the share of filed years with a profittop 17% of its family
  • the deepest fall from a revenue peak14.2%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.8/10

How has it treated the people who own it?

SI estimate 1.8/10, confidence 35 of 100 (one part).

weight 33% of this tense · 18th percentile among 57 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 18% of 57 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 57 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Companhia Energetica De Minas Gerais-CEMIG's shareholder treatment is put at 1.8 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 18% of 57 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

7.1/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
8.4/10

Is it financially healthy right now?

ROE 26%: 26¢ of profit per shareholder dollar. Leverage 54%: owes 54¢ per asset dollar.

weight 45% of this tense · 85th percentile among 53 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Companhia Energetica De Minas Gerais-CEMIG earned about 26 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 14 cents per dollar of everything the company owns. Leverage: it owed about 54 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 20% of its family
  • return on equitytop 6% of its family
  • gross profit against assetstop 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.0/10

How strong is its position in its industry?

top 30% of 52 in its family; net margin 17.9%.

weight 33% of this tense · 70th percentile among 52 sector filers · read for its customers

From the record

Companhia Energetica De Minas Gerais-CEMIG's standing among 52 graded names in its industry family: revenue of BRL 40 billion in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of 17.9% ranks in the top 17%; revenue growth of 5.8% a year over the last 3 filed years ranks in the top 42% (its annual reports).

What it rests on

  • net margin17.9%top 17% of its family
  • three-year revenue growth5.8%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.5/10

What are the people in charge doing?

SI estimate 4.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 33 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-23 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 33 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-23 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 33 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Companhia Energetica De Minas Gerais-CEMIG's leadership is put at 4.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-23 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 33 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.4/10

How much room does it have to grow?

bottom 44% of 47 in its family for room to expand.

weight 22% of this tense · 44th percentile among 47 sector filers · read for itself

From the record

Companhia Energetica De Minas Gerais-CEMIG's room to grow, from the newest filed statements (fiscal 2024): cash of BRL 1.9 billion against debt of BRL 12 billion leaves -17.4% of its assets as net cash, top 44% of its family; cash from operations less capital spending is 12.1% of revenue (top 28%); a gross margin of 20.5% (bottom 32%); research spending of 0% of revenue (bottom 14%) (its annual report).

What it rests on

  • cash less debt against assets-17.4%top 44% of its family
  • cash from operations less capital spending against revenue12.1%top 28% of its family
  • gross margin20.5%bottom 32% of its family
  • research spending against revenue0.0%bottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.8/10

What could actually drive growth from here?

bottom 48% of 51 in its family for growth drivers.

weight 45% of this tense · 48th percentile among 51 sector filers · read for its customers

From the record

Companhia Energetica De Minas Gerais-CEMIG's growth drivers, from the filed years to fiscal 2024: revenue grew 5.8% a year over the last three filed years against 6.9% over all 10, slowing (top 47% of its family); the newest year grew 8% (bottom 43%); research spending grew -66% a year (bottom 10%); capital spending grew 54.5% a year (top 13%) (its annual reports). Companhia Energetica De Minas Gerais-CEMIG tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-1.1 points a yeartop 47% of its family
  • the newest year's revenue growth8.0%bottom 43% of its family
  • three-year growth of research spending-66.0%bottom 10% of its family
  • three-year growth of capital spending54.5%top 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.4/10

Did its newest year beat what its own record pointed to?

top 36% of 49 in its family for expectations against reality.

weight 33% of this tense · 64th percentile among 49 sector filers · read for its shareholders

From the record

Companhia Energetica De Minas Gerais-CEMIG's newest year against its own record: revenue of BRL 40 billion in fiscal 2024 came in 3.3% above the BRL 39 billion its prior three years' pace pointed to (top 46% of its family); net income of BRL 7.1 billion against a prior three-year average of BRL 4.5 billion (top 31%); a net margin of 17.9% against 12.9% before (top 31%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace3.3%top 46% of its family
  • net income against the prior three years' average+57%top 31% of its family
  • net margin against its prior average+5.0 pointstop 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CIG.C · research, not advice