BVMF/CMIG4 (BVMF/CMIG4)

Brazil Stock Exchange: BVMF/CMIG4 · BRL

R$10.2

-0.29 (-2.8%)· Recorded snapshot

Market cap	35.4B
Revenue (ttm)	43.7B
Net income (ttm)	4.6B
EPS (ttm)	R$1.61
Shares out	2.9B
P/E (trailing)	6.3x
P/E (forward)	8.8x
Dividend	R$1.23 (12.09%)
Volume	25,556,400
Beta	0.05

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 43.7B
Net income (ttm): 4.6B
EPS (ttm): R$1.61
P/E (trailing): 6.3x
P/E (forward): 8.8x
Market cap: 35.4B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E8.8

P25 10.7P50 14.6P75 18.4

Trailing P/E6.3

P25 8.2P50 12.2P75 21.1

ROE15.9

P25 9.4P50 13P75 18.7

ROIC8.3

P25 4.2P50 6.2P75 9

Benchmarks · 1M

All BVMF/CMIG4 indicators

Market & fundamental data

Available fields

247

Groups with data

Currency

BRL

Showing 247 of 247 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	BRL
Country	Brazil
Country code	BR
Earnings date	2026-11-12
Employees	5,320
Employees change	-51
Employees growth	-1.03%
Enterprise value	BRL 55.1B
Exchange	Brazil Stock Exchange
Financial currency	BRL
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1952
Industry	Utilities - Regulated Electric
Is primary listing	Yes
ISIN number	BRCMIGACNPR3
Last earnings date	2026-08-13
Last refreshed	2026-10-28
Last stock split date	2024-04-30
Last stock split type	Forward
Market cap	BRL 35.4B
Next earnings date	2026-11-12
Price	BRL 10.16
Price currency	BRL
Sector	Utilities
SIC code	4911
Stock price date	2026-10-28
Symbol	bvmf/CMIG4
Website	https://www.cemig.com.br

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	11.01x
Average P/E ratio (3Y)	6.08x
Average P/E ratio (5Y)	6.46x
Earnings yield	15.81%
EV/Earnings	12.2x
EV/EBIT	8.49x
EV/EBITDA	6.85x
EV/FCF	19.13x
EV/Sales	1.28x
FCF / EV yield	5.23%
FCF yield	8.05%
Forward P/E	8.81x
Graham number	19.20102
Graham upside	89.55%
Industry forward P/E	13.3x
Industry P/E	11.08x
Lynch fair value	BRL 8.03
Lynch upside	-20.72%
P/B ratio	1.25x
P/E ratio	6.33x
P/FCF ratio	12.42x
P/OCF ratio	10.69x
P/S ratio	0.83x
Price / tangible book value	1,556.3x
Price/EBITDA ratio	4.61x
Sector forward P/E	15.3x
Sector P/E	21.86x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	14.59%
EBITDA margin	18.04%
Effective tax rate	10.94%
FCF margin	6.7%
Gross margin	11.14%
Operating margin	14.59%
Pretax margin	11.8%
Profit margin	10.51%
Profit per employee	BRL 863,742
Profitable quarters	25
Profitable years	23
Revenue per employee	BRL 8.2M
ROA	5.94%
ROA (5Y)	6.65%
ROCE	11.12%
ROE	15.94%
ROE (5Y)	21.98%
ROIC	8.3%
Tax / revenue	1.29%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-29.34%
EPS growth (Q)	-20.43%
EPS growth (QoQ)	-3.42%
EPS growth 10Y	19.69%
EPS growth 3Y	-4.22%
EPS growth 5Y	1.72%
EPS growth years	0
FCF growth	-30.54%
FCF growth (Q)	-31.75%
FCF growth (QoQ)	-50.74%
FCF growth 3Y	-20.43%
FCF growth 5Y	-16.42%
Net income growth	-29.34%
Net income growth (Q)	-20.43%
Net income growth (QoQ)	-3.42%
Net income growth 3Y	-4.22%
Net income growth 5Y	1.72%
Net income growth years	0
OCF growth	-30.84%
OCF growth (Q)	-43.04%
OCF growth (QoQ)	-50.39%
OCF growth 10Y	4.71%
OCF growth 3Y	-18.47%
OCF growth 5Y	-14.21%
Revenue growth	4.25%
Revenue growth (Q)	3.43%
Revenue growth (QoQ)	6.63%
Revenue growth 10Y	8.33%
Revenue growth 3Y	6.27%
Revenue growth 5Y	9.21%
Revenue growth quarters	2
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	BRL -474M
EBIT	BRL 6.4B
EBITDA	BRL 7.9B
EPS	BRL 1.61
FCF per share	BRL 1.02
Financing cash flow	BRL 3.5B
Free cash flow	BRL 2.9B
Gross profit	BRL 4.9B
Income taxes	BRL 564.6M
Investing cash flow	BRL -6.5B
Net borrowing	BRL 7.2B
Net cash flow	BRL 404.6M
Net income	BRL 4.6B
Operating income	BRL 6.4B
Revenue	BRL 43.7B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	BRL 10.20
Debt / EBITDA	2.86
Debt / equity	0.78
Debt / FCF	7.76
Interest coverage	3.5
Long-term assets	BRL 55.1B
Long-term liabilities	BRL 28.2B
Net cash (debt)	BRL -19.7B
Net cash / market cap	-54.05%
Net debt / EBITDA	2.49
Net debt / equity	0.67
Net debt / FCF	6.71
Piotroski F-Score	4
Property, plant and equipment	BRL 4.7B
Shareholders' equity	BRL 29.2B
Tangible book value	BRL 23.4M
Tangible book value per share	BRL 0.01
Total assets	BRL 70.9B
Total cash	BRL 3.1B
Total debt	BRL 22.7B
Total liabilities	BRL 41.7B
WACC	5.54%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.65
Current assets	BRL 15.7B
Current liabilities	BRL 13.5B
Current ratio	1.17
Net working capital	BRL 789.6M
Quick ratio	0.9
Working capital	BRL 2.3B
Working capital turnover	39.83

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Dividend growth	-22.16%
Dividend growth (10Y)	13.2%
Dividend growth (3Y)	10.19%
Dividend growth (5Y)	10.36%
Dividend growth years	2
Dividend payment date	2027-06-30
Dividend payment years	35
Dividend payout frequency	Quarterly
Dividend per share	BRL 1.23
Dividend yield	12.09%
Ex-dividend date	2026-09-23
FCF payout ratio	111.22%
Last dividend	BRL 0.07
Payout ratio	78.52%
Shareholder yield	12.12%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	109.85%
10Y return CAGR	18.22%
10Y total return	433.08%
150-day SMA	BRL 11.42
15Y price change	30.87%
15Y return CAGR	13.09%
15Y total return	532.62%
1D price change	-2.78%
1M price change	-6.89%
1M total return	-6.89%
1W price change	-14.29%
1W total return	-14.29%
1Y price change	-6.63%
1Y return CAGR	3.09%
1Y total return	3.09%
20-day SMA	BRL 11.53
200-day SMA	BRL 11.47
20Y price change	68.38%
20Y return CAGR	12.61%
20Y total return	975.1%
3M price change	-9.22%
3M total return	-8.66%
3Y price change	10.49%
3Y return CAGR	17.87%
3Y total return	63.78%
50-day SMA	BRL 11.15
50-day SMA vs 200-day SMA	50under200
52-week high	BRL 13.87
52-week high date	2026-04-13
52-week low	BRL 9.87
52-week low date	2026-08-20
5Y price change	27.5%
5Y return CAGR	18.73%
5Y total return	135.94%
6M price change	-20.78%
6M total return	-17.1%
All-time high	BRL 13.95
All-time high date	2012-08-10
All-time low	BRL 0.58
All-time low date	1995-03-09
Average true range (ATR)	BRL 0.36
Average volume	22.2M
Beta (1Y)	0.14
Beta (2Y)	0.02
Beta (5Y)	0.05
Change from 52-week high	-26.75%
Change from 52-week low	2.94%
Change from all-time high	-27.32%
Change from all-time low	1,658.89%
Change from open	-2.78%
Day's gap	0%
Dollar volume	BRL 259.7M
High price	BRL 10.45
Low price	BRL 10.03
Monthly RSI	44.07
Open price	BRL 10.45
Position in 52-week range	30.95%
Previous close	BRL 10.45
Price vs 150-day SMA	-11.18%
Price vs 20-day SMA	-12.04%
Price vs 200-day SMA	-11.62%
Price vs 50-day SMA	-9.03%
Relative volume	1.15
RSI	29.42
Sharpe ratio	0.14
Sharpe ratio (3Y)	0.61
Sharpe ratio (5Y)	0.59
Sortino ratio	0.39
Sortino ratio (3Y)	1.08
Sortino ratio (5Y)	1.06
Volume	25.6M
Weekly RSI	40.73
YTD price change	-9.46%
YTD total return	-3.45%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	2.4B
Shares change (QoQ)	0%
Shares held by insiders	0%
Shares held by institutions	49.02%
Shares outstanding	2.9B

Deeper analysis on BVMF/CMIG4

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this BVMF/CMIG4 report

Is a complete BVMF/CMIG4 research report available?

No complete published report is available for bvmf/CMIG4 (BVMF/CMIG4) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

BVMF/CMIG4 (BVMF/CMIG4)

Price

Financial snapshot

Fair-value bridge

Latest news · BVMF/CMIG4

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All BVMF/CMIG4 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on BVMF/CMIG4

Frequently asked questions