We calculate from audited financials what CIG-C is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
Utilities · US · Market cap $9.6B · ISIN US2044098828
At a glance
CCCIG-CCIG-C · US
Price$3.36
Fair Value$4.86
Upside+44.6%
Quality44/100
Below-average quality, trading 31% below our fair value of $4.86.
As of Aug 27, 2026, the fair value of CIG-C is $4.86 per share against a price of $3.36, so the fair value sits 45% above the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +11.1 %/yr)
✓Solidly profitable · 11.2% net margin
✓Moderate debt · generates free cash flow
✓Ranks above peers (9/14)
!Moderate moat 51/100
Evidence: HighRange $2.38 to $7.06
Fair value as of: Aug 27, 2026
From 26 valuation models · updated 15 days ago
Fair value updated Aug 27, 2026, revised from $4.82 to $4.86 (+0.8%) since Aug 13, 2026. Share price +14.3% over the past month.
Watch CIG-C for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
69 individual criteria per stock, every one traceable See the method →
What matters now
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
The model range is unusually wide ($2.38 to $7.06). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range $0.9865 – $3.87 · fair‑value band $2.38 – $7.06 · the $3.36 price screens below the $4.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
CIG-C (CIG-C) currently trades at $3.36, while our model-based Fair Value estimate is $4.86, implying the stock looks roughly 30.9% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of $25.56 per share, and 26 of the 26 models we run sit above the $3.36 price. Bear case: the Asset-Based group reads lowest at $6.69, and 0 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, CIG-C generated revenue of $43.4B at a net margin of 11.2%. Revenue grew 6.3% year over year. It earns a return on equity of 17.0%. Net debt stands at $18.0B. Fundamentals as of Aug 27, 2026
Scenario range: $2.38 (bear) to $7.06 (bull), the price of $3.36 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 15% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at 45%, CIG-C screens cheaper than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
P/E ratio9.1as of Jun 19, 2026
P/S ratio1.04P/E × margin
EPS (TTM)$0.3400price ÷ EPS = P/E 9.1
Net margin11.5%FY2025
Return on equity17.0%TTM
Return on assets (EBIT)11.4%avg 5y
More key figures
Profitability
Operating margin12.5%TTM
Growth
Revenue (TTM)$43.4BTTM
Revenue growth (YoY)+6.3%3y avg +7.4%
EPS growth (YoY)−5.8%
Balance sheet & cash flow
Free cash flow$3.3BFY2025
Net debt$18.0BFY2025 · ≈ 5.4 yrs of FCF
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality44/100
Of which business quality 43
· Market factors (momentum, volatility) 62
Profitability46
Margins and returns on capital today
Quality Growth21
Are margins and returns improving?
Cashflow46
Earnings quality: real cash, not paper profit
Fin. Strength38
Balance sheet, leverage, solvency risk
Investment71
Disciplined investing over empire-building
Low Volatility72
Calm price path (market factor)
Momentum55
Price trend over the last 3–12 months (market factor)
52W Momentum64
Distance to the 52-week high (market factor)
Net Issuance40
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
CIG-C reported revenue of R$42.8B in FY2025 versus R$33.6B in FY2021, a compound +6.2%/yr. Reported net income was R$4.9B in FY2025, compounding +6.9%/yr from FY2021.
Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$42.8B
Latest YoY
+7.4%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.4%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.1%
Avg. revenue growth/yr (25Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.2%
Value creation/yr (5Y, in BRL) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in BRL: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+4.2%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+4.2%
Dividend yield0.0%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 4.2% vs 10Y 25.5%, flattening
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18.7% (2020) → 14.8% (2025) · falling
Worst earnings drop100% (2015) (loss year, drop beyond 100%) · in USD
Revenue+6.2%/yr
FY21R$33.6B
FY22R$34.5B
FY23R$36.9B
FY24R$39.8B
FY25R$42.8B
Net income+6.9%/yr
FY21R$3.8B
FY22R$4.1B
FY23R$5.8B
FY24R$7.1B
FY25R$4.9B
Character of growth · EPS growth decomposed (2014-2025)+14.6 % p.a.
Revenue per share+3.2 %
of which total revenue +8.0 % · buybacks/dilution −4.5 %
EBIT margin−1.5 %
Tax rate+3.3 %
Residual (interest, one-offs)+9.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CIG-C Fair Value". https://www.fairvalue-calculator.com/stock/CIG-C
Peer Group
Utilities - Regulated Electric · 155 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation
Quality Score44 · Below median
Fair Value upside+48% · Top 25%
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)11% · Below median
Operating margin (TTM)13% · Below median
Growth and dividend
Revenue growth6% · Below median
Dividend yield (TTM)39.4% · Top 25%
Balance sheet
Debt / equity0.58× · Below median
Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper
P/E (TTM)9.1× · Cheapest 25%
P/B0.31× · Cheapest 25%
P/S (TTM)0.20× · Cheapest 25%
P/FCF2.7× · Pricier than median
EV/EBITDA3.0× · Cheapest 25%
PEG0.33× · Cheapest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must CIG-C deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years-7.1 % per year
Achieved revenue growth, 5 years+11.1 % p.a.
Sector median revenue growth+0.7 %
FCF yield on price34.45 %
Discount rate (WACC) in the models8.5 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE93· sector 3
FUTURE32· sector 32
PAST68· sector 39
HEALTH71· sector 53
DIVIDEND0· sector 64
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
As of Aug 27, 2026, our model estimates a fair value of $4.86 versus a price of $3.36, about +45% upside (undervalued).
What is the fair value of CIG-C?
Our model-based fair value for CIG-C is $4.86 (as of Aug 27, 2026), built from audited fundamentals. The current price: $3.36.
What is the quality score of CIG-C?
CIG-C has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CIG-C?
Our model-based price target is the fair value of $4.86 (as of Aug 27, 2026) from 26 valuation models. Cautious scenario $2.38, optimistic scenario $7.06. It is a calculation from audited fundamentals, not an analyst target.
What is the CIG-C stock forecast for 2026?
Our models put fair value at $4.86, about +45% upside versus a price of $3.36 (undervalued). Cautious scenario $2.38, optimistic scenario $7.06. The calculation is refreshed regularly with new filings.
What is the revenue of CIG-C?
CIG-C reported trailing-twelve-month revenue of about $43.4B (latest available figure, as of Aug 27, 2026).
What is the net profit margin of CIG-C?
The net profit margin of CIG-C is about 11.2%, meaning it keeps roughly 11.2% of revenue as net income. Based on the latest reported figures.
What growth is priced into CIG-C?
For today's price to be fair in a discounted-cash-flow model, CIG-C would have to grow free cash flow by -7.1 % per year for ten years (discount rate 8.5 %, then 2 % perpetual growth). Over the last 5 years revenue grew +11.1 % per year. As of Aug 27, 2026.
What discount rate (WACC) does the fair value of CIG-C use?
Our models discount CIG-C at 8.5 %: a base by market capitalisation (mid), damped by beta 0.09, country premium for USA. The same rate applies in all 26 models.
What is the intrinsic value of CIG-C?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CIG-C it is $4.86 per share (as of Aug 27, 2026), against a price of $3.36. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is CIG-C stock overvalued or undervalued in 2026?
As of Aug 27, 2026, CIG-C trades below its calculated fair value: price $3.36, fair value $4.86, a gap of about +45% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CIG-C?
No. The price is what the market pays today ($3.36); the fair value is what the company's own numbers justify ($4.86). For CIG-C the two are $1.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is CIG-C worth?
The market values CIG-C at about $9.6B (market capitalisation, as of Aug 27, 2026). Per share that is $3.36; our models calculate a fair value of $4.86 per share.
What do the bullish and bearish scenarios say about CIG-C?
Our models span a range for CIG-C: cautious scenario $2.38, base $4.86, optimistic $7.06 per share (as of Aug 27, 2026, price $3.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CIG-C?
CIG-C trades at a price-to-earnings ratio of 9.1 (as of Aug 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $4.86 is built from several models across several years. Other multiples: PEG 0.3, P/B 0.3, P/S 0.2, EV/EBITDA 3.0.
What is the PEG ratio of CIG-C?
The PEG ratio of CIG-C is 0.33 (P/E divided by earnings growth, as of Aug 27, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of CIG-C?
Balance-sheet figures for CIG-C (as of Aug 27, 2026): return on equity 17.0%, debt of 0.58 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is CIG-C from its 52-week high?
CIG-C trades at $3.36, about 15% below its 52-week high of $3.95 and 51% above the low of $2.23 (as of Aug 27, 2026). Distance from the high says nothing about value: that is what the fair value of $4.86 is for.
Which stocks are comparable to CIG-C?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, National Grid plc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CIG-C stock attractive at the current price?
The data as of Aug 27, 2026: price $3.36, calculated fair value $4.86 (+45%), Quality Score 44/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CIG-C calculated?
We run CIG-C through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $4.86, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. CIG-C currently trades 45 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
Free · no account needed
Watch CIG-C in the live analysis
One click puts CIG-C on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
CIG-C
CIG-C · US