ATLASATLAS fair value
R$18.00
Close to fair value · 1% discount
Range: R$15–R$28Fair valuePrice
Companhia Energética de Minas Gerais - CEMIG (CMIG3.SA)
Companhia Energética de Minas Gerais - CEMIG stock price today, ATLAS forecast and fair value
Utilities · Utilities - Regulated Electric · B3 (Brasil Bolsa Balcão) · Brazil
R$17.77▲ +0.62%
Prices as of Oct 23, 2026 · BRL
Chance of rising in 1 month
51%
that it ends higher than today in 21 sessions
0%coin flip 50%100%
This is just the summary. See everything on Companhia Energética de Minas Gerais - CEMIG in ATLAS
ATLAS's own quantitative analysis, all in one place.
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
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- Customer and supplier mapWho it does business with, from its own filings.
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On Companhia Energética de Minas Gerais - CEMIG
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
- NewsThe latest on the company, in one place.
And for you
- ATLAS builds your portfolioAnswer a short test and get portfolios that fit you.
- AlertsWe let you know when something changes in your stocks.
- Crisis simulatorHow your portfolio would do in a crash like 2008.
- Practice risk-free$10,000 in virtual money to invest at real prices.
- Global screenerSearch US stocks and stocks from 47 countries with filters.
Plans from €3.99 a month.
ATLAS estimates Companhia Energética de Minas Gerais - CEMIG's fair value at about R$18.00 per share (reasonable range: R$14.99 to R$27.98). At R$17.77, the stock trades within 8% of that figure: close to fair value.
It is calculated with a blend of a discounted cash-flow model and peer valuation multiples. Confidence in the estimate is high. It is an estimate, not a promise: if the company's results change, so does its fair value.
ATLAS's model gives Companhia Energética de Minas Gerais - CEMIG a 51% chance of finishing higher a month from now (21 trading sessions) than today: close to a coin flip.
In half of the simulated outcomes the price ends between R$16.94 and R$18.72; in 9 out of 10, between R$15.51 and R$20.46. Estimated annual volatility is 29%.
Price, last 12 months (weekly close)
Key numbers
- P/E ratio
- 11.0
- Dividend yield
- 6.86%
- 52-week high
- R$19.96
- 52-week low
- R$13.85
- Revenue (12 months)
- R$43.7B
- Gross margin
- 11.1%
- Operating margin
- 15.6%
- Net margin
- 10.5%
- Beta
- 0.06
What this means
These are two different questions: fair value looks at the business (what it is worth given what it earns) and the odds look at the price over the next month. Companhia Energética de Minas Gerais - CEMIG sits close to fair value and its odds of rising over a month are close to a coin flip. An expensive stock can keep climbing and a cheap one can keep falling, which is why ATLAS shows the two readings separately.
Over the last 52 weeks CMIG3.SA has traded between R$13.85 and R$19.96. Today it is 11.0% below that high and 28% above its low.
On the business: net margin is 10.5%; it trades at 11.0 times earnings.
Its beta is 0.06: it tends to move less than the market.
About the company
Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil.
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Comparable companies
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Frequently asked questions
What is Companhia Energética de Minas Gerais - CEMIG (CMIG3.SA) fair value?
About R$18.00 per share according to ATLAS (reasonable range: R$14.99 to R$27.98). With the stock at R$17.77, it is close to that value.
What is the chance CMIG3.SA goes up next month?
51%: close to a coin flip. In half of the simulated outcomes, CMIG3.SA ends the month between R$16.94 and R$18.72.
How big is Companhia Energética de Minas Gerais - CEMIG and what is its P/E ratio?
Its price-to-earnings (P/E) ratio is 11.0: you pay R$11.0 for each R$1.00 of yearly earnings.
Does Companhia Energética de Minas Gerais - CEMIG pay a dividend?
Yes. CMIG3.SA's current dividend yield is 6.86% at today's price (R$17.77).
Not investment advice. ATLAS estimates are produced by statistical models from public data; they can be wrong and past performance does not predict future results. Consider your own situation before investing. Disclaimer