B3 · BRL

CMIG4

Companhia Energetica de Minas Gerais SA Pfd

R$11.16+1.82% (R$0.20)
当日区间
R$11.03 – R$11.17
当日成交量
R$2亿
52周区间
R$9.87 – R$13.87

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查看 CMIG4 在您净资产中的占比、已为您带来的收益,以及与目标配置的差距。

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CMIG4 数据一览

市值
R$371.5亿
市盈率
6.95
市净率
1.09
股息率(12个月)
10.21%
净负债/EBITDA
4.68

CMIG4 的12个月股息率为 10.21%,低于其5年平均值 13.67%。

CMIG4 历史价格

2025/10/012026/09/30
对比

CMIG4 风险与收益

月度收盘价已按拆股和分红调整。

指标12 个月36 个月60 个月
收益率+8.66%+83.18%+186.17%
波动率(年化)18.05%17.19%21.79%
最大回撤-13.03%-13.03%-13.03%
上涨月份数9/1226/3641/60

投资 CMIG4 收益多少?

2021/09/01 投资的 R$1,000.00 今天价值 R$2,568.26。

CMIG4 今日价值
R$2,568.26
期间收益率
+156.83%
年化收益率
+20.76%
Ibovespa
R$1,657.66

股息再投资,未扣除税费和成本,按每月收盘价计算。过往收益不代表未来表现。

CMIG4 基本面

估值

  • 市盈率
    6.95
  • 市净率
    1.09
  • EV/EBITDA
    9.04
  • EV/EBIT
    11.14
  • EV/营收
    1.76
  • P/EBIT
    5.37
  • 市销率
    0.85
  • 市现率
    10.91
  • P/FCF
    -11.83
  • 盈利收益率
    8.97%
  • PEG 比率
    —
  • 每股收益
    R$1.61
  • 每股净资产
    R$10.20

负债

  • 净负债
    R$399.4亿
  • 净负债/EBITDA
    4.68
  • 净负债/权益
    1.37
  • 负债/权益比
    1.47
  • 流动比率
    1.17
  • 速动比率
    1.17
  • 现金比率
    0.23

运营效率

  • 毛利率
    15.93%
  • EBITDA利润率
    19.50%
  • 营业利润率
    15.82%
  • 净利率
    10.51%
  • 总资产周转率
    0.62

盈利能力

  • ROE
    15.75%
  • ROA
    6.49%
  • ROIC
    8.91%
  • 派息率
    70.96%

成长性

  • 营收CAGR(5年)
    9.57%
  • 利润CAGR(5年)
    1.59%
  • 营收增长(年度)
    7.36%
  • 净利润增长(年度)
    -31.19%
  • 营收增长(季度)
    4.25%
  • 净利润增长(季度)
    -29.33%

CMIG4的合理价格是多少?

两个经典估值公式,采用今天的数据。当前股价为R$11.16。

Graham合理价格
R$19.19
高于现价71.99%

√(22.50 × R$1.61 × R$10.20)

Benjamin Graham买入时市盈率不超过15、市净率不超过1.5。两者相乘得22.5,再乘以每股收益(EPS)和每股净资产,即得合理价格。

Bazin上限价格
R$21.69
高于现价94.39%

R$1.30(5年平均)÷ 6%

Décio Bazin只买入每年派息收益率至少6%的股票。上限价格为近年每股平均股息除以6%。

Graham忽略成长与负债;Bazin假设过去的派息会重复。它们仅供比较参考,不构成买入建议。

CMIG4历年指标

估值倍数按每年收盘价计算;利润率与回报率取自当年财报。

指标20252024202320222021202020192018
市盈率6.544.475.705.995.928.616.4311.89
市净率1.121.161.331.131.141.411.271.27
EV/EBITDA8.224.815.695.614.597.3310.1312.18
股息率12.53%17.25%9.32%11.95%17.28%6.78%9.49%7.08%
每股收益R$1.71R$2.49R$2.01R$1.86R$2.22R$1.69R$2.14R$1.17
每股净资产R$9.99R$9.57R$8.62R$9.90R$11.49R$10.32R$10.89R$10.93
ROE17.13%25.99%23.38%18.79%19.28%16.39%19.68%10.67%
ROIC9.02%15.13%15.16%15.79%16.34%10.26%5.46%4.79%
毛利率16.93%20.48%22.75%19.76%19.98%21.34%22.81%20.61%
EBITDA利润率19.38%28.26%23.08%19.93%23.78%22.58%16.02%14.96%
净利率11.46%17.87%15.64%11.87%11.15%11.35%12.32%7.64%
净负债/EBITDA4.351.981.822.041.813.005.186.11

CMIG4财务报表

科目202520242023202220212020
净营收R$427.5亿R$398.2亿R$368.5亿R$344.6亿R$336.5亿R$252.3亿
营业成本-R$355.1亿-R$316.6亿-R$284.7亿-R$276.5亿-R$269.2亿-R$198.4亿
毛利润R$72.4亿R$81.6亿R$83.8亿R$68.1亿R$67.2亿R$53.8亿
EBITDAR$82.8亿R$112.5亿R$85亿R$68.7亿R$80亿R$57亿
EBITR$67.5亿R$98.8亿R$72.3亿R$56.9亿R$69.5亿R$47.1亿
财务净损益-R$10.8亿-R$5.2亿-R$3.8亿-R$15.7亿-R$22.5亿-R$9.1亿
税前利润R$56.7亿R$93.6亿R$68.5亿R$41.2亿R$47亿R$38亿
所得税-R$7.7亿-R$22.4亿-R$10.8亿-R$2618.9万-R$9.5亿-R$9.4亿
净利润R$49亿R$71.2亿R$57.6亿R$40.9亿R$37.5亿R$28.6亿

数据来自公司向CVM提交的报告。负债不含租赁;季度数据为单季数值。

CMIG4 与同行业对比

公司其他股票及行业内最大股票的相同指标。

股票市盈率市净率股息率(12个月)ROE市值
CMIG4Cia Energetica De Minas Gerais - Cemig6.951.0910.21%15.75%R$371.5亿
AXIA3AXIA313.391.323.41%9.86%R$1589.6亿
AXIA7AXIA7——0.00%—R$1589.6亿
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO12.062.1512.68%17.80%R$966.8亿
ENEV3ENEVA S.A56.292.660.00%4.73%R$541.9亿
CPFE3CPFL ENERGIA S.A.8.732.318.20%26.43%R$524.4亿

CMIG4 派发股息吗?

已公布的派息
类型最后买入日派息日每股金额
股息2026/04/302026/12/30R$0.12
股东权益利息(JCP)2025/12/232026/12/30R$0.12
股东权益利息(JCP)2025/09/292026/12/30R$0.11
股东权益利息(JCP)2025/06/232026/12/30R$0.10
股东权益利息(JCP)2025/03/252026/12/30R$0.09
股东权益利息(JCP)2026/09/222027/06/30R$0.03
股东权益利息(JCP)2026/06/232027/06/30R$0.11
股东权益利息(JCP)2026/03/242027/06/30R$0.12
股东权益利息(JCP)2026/09/222027/12/30R$0.03
股东权益利息(JCP)2026/06/232027/12/30R$0.11
股东权益利息(JCP)2026/03/242027/12/30R$0.12

历年股息率

  • 15.58%2017
  • 7.08%2018
  • 9.49%2019
  • 6.78%2020
  • 17.28%2021
  • 11.95%2022
  • 9.32%2023
  • 17.25%2024
  • 12.53%2025
  • 4.85%2026
派息历史
类型最后买入日派息日每股金额
股息2026/04/302026/06/30R$0.12
股东权益利息(JCP)2025/12/232026/06/30R$0.12
股东权益利息(JCP)2025/09/292026/06/30R$0.11
股东权益利息(JCP)2025/06/232026/06/30R$0.10
股东权益利息(JCP)2025/03/252026/06/30R$0.09
股息2025/12/222025/12/30R$0.15
股息2025/04/302025/12/30R$0.33
股东权益利息(JCP)2024/12/232025/12/30R$0.10
股东权益利息(JCP)2024/09/232025/12/30R$0.08
股东权益利息(JCP)2024/06/212025/12/30R$0.08
股东权益利息(JCP)2024/03/262025/12/30R$0.09
股息2025/04/302025/06/30R$0.33
查看全部 120 笔派息
更早的派息
类型最后买入日派息日每股金额
股东权益利息(JCP)2024/12/232025/06/30R$0.10
股东权益利息(JCP)2024/09/232025/06/30R$0.08
股东权益利息(JCP)2024/06/212025/06/30R$0.08
股息2024/04/292024/12/27R$0.12
股东权益利息(JCP)2023/12/212024/12/27R$0.30
股东权益利息(JCP)2023/09/252024/12/27R$0.09
股东权益利息(JCP)2023/06/232024/12/27R$0.10
股东权益利息(JCP)2023/03/272024/12/27R$0.10
股息2024/08/232024/08/30R$0.50
股息2024/04/292024/06/28R$0.12
股东权益利息(JCP)2023/12/212024/06/28R$0.30
股东权益利息(JCP)2023/09/252024/06/28R$0.09
股东权益利息(JCP)2023/06/232024/06/28R$0.10
股东权益利息(JCP)2023/03/272024/06/28R$0.10
股息2023/04/272023/12/28R$0.06
股东权益利息(JCP)2022/12/272023/12/28R$0.12
股东权益利息(JCP)2022/12/212023/12/28R$0.09
股东权益利息(JCP)2022/09/232023/12/28R$0.11
股东权益利息(JCP)2022/06/242023/12/28R$0.08
股息2023/04/272023/06/30R$0.06
股东权益利息(JCP)2022/12/272023/06/30R$0.12
股东权益利息(JCP)2022/12/212023/06/30R$0.09
股东权益利息(JCP)2022/09/232023/06/30R$0.11
股息2022/04/292022/12/29R$0.30
股东权益利息(JCP)2022/03/282022/12/29R$0.14
股东权益利息(JCP)2021/12/212022/12/29R$0.28
股息2022/04/292022/06/30R$0.30
股东权益利息(JCP)2021/04/302021/12/29R$0.18
股息2021/04/302021/12/29R$0.31
股息2021/04/302021/06/30R$0.31
股东权益利息(JCP)2021/04/302021/06/30R$0.18
股东权益利息(JCP)2020/12/302021/06/30R$0.29
股东权益利息(JCP)2020/09/252021/06/30R$0.08
股息2020/07/312020/12/30R$0.25
股东权益利息(JCP)2019/12/232020/12/30R$0.27
股息2019/05/032019/12/27R$0.45
股东权益利息(JCP)2019/05/032019/12/27R$0.07
股东权益利息(JCP)2018/12/212019/06/28R$0.14
股息2018/04/302018/12/28R$0.50
股息2017/05/122017/12/28R$0.12
股东权益利息(JCP)2016/12/262017/12/28R$0.15
股息2017/05/122017/06/30R$0.12
股东权益利息(JCP)2016/12/262017/06/30R$0.15
股息2016/04/292016/12/30R$0.50
股息2016/04/292016/12/20R$0.34
股东权益利息(JCP)2015/12/302016/12/20R$0.08
股东权益利息(JCP)2015/12/302016/06/30R$0.08
股息2015/04/302015/12/28R$0.45
股息2014/11/072014/12/19R$0.87
股息2014/06/272014/09/30R$0.48
股息2014/06/272014/07/08R$0.87
股息2014/04/302014/06/30R$0.89
股东权益利息(JCP)2013/12/052013/12/19R$0.55
股息2012/12/212013/10/31R$0.47
股息2012/12/212013/01/15R$1.41
股息2011/12/092011/12/28R$1.25
股息2011/04/292011/06/30R$0.88
股息2010/12/162010/12/29R$1.32
股息2010/04/292010/06/29R$0.75
股息2008/04/252008/06/27R$0.89
股息2006/07/112006/08/10R$0.47
股息2006/01/162006/01/27R$5.53
股息2005/04/292005/12/29R$1.13
股东权益利息(JCP)2005/01/102005/12/29R$0.25
股东权益利息(JCP)2004/09/082005/06/30R$0.62
股息2004/04/302004/12/28R$0.44
股东权益利息(JCP)2003/12/292004/12/28R$0.62
股东权益利息(JCP)2003/12/082004/12/28R$0.93
股东权益利息(JCP)2002/12/272003/12/22R$0.62
股东权益利息(JCP)2002/05/232003/12/22R$0.74
股息2002/04/302002/09/30R$0.70
股东权益利息(JCP)2001/12/272002/09/30R$0.65
股东权益利息(JCP)2000/06/292001/09/28R$0.61
股东权益利息(JCP)2000/04/142001/09/28R$0.57
股东权益利息(JCP)1999/12/202000/11/16R$1.18
股息1999/04/271999/05/31R$0.50
股息1999/04/271999/05/31R$0.32
股息1999/04/271999/05/31R$0.23
股东权益利息(JCP)2014/12/26—R$0.09
股息2014/04/30—R$0.45
股息2013/04/30—R$0.42
股息2013/04/30—R$0.29
股东权益利息(JCP)2012/12/21—R$0.80
股东权益利息(JCP)2012/12/21—R$0.19
股东权益利息(JCP)2012/12/21—R$1.00
股息2012/04/27—R$0.95
股息2009/04/29—R$0.95
股息2007/04/26—R$1.47
股息2007/04/26—R$1.02
股东权益利息(JCP)2006/05/11—R$0.52
股息2006/04/28—R$1.43
股东权益利息(JCP)2006/01/02—R$0.48
股东权益利息(JCP)2005/11/08—R$0.60
股东权益利息(JCP)2005/07/08—R$0.87
股东权益利息(JCP)2004/12/10—R$1.05
股东权益利息(JCP)2004/06/09—R$1.23
股东权益利息(JCP)1998/12/21—R$0.63
股东权益利息(JCP)1998/10/27—R$0.54
股东权益利息(JCP)1998/10/27—R$0.08
股东权益利息(JCP)1998/08/31—R$0.35
股东权益利息(JCP)1998/08/31—R$0.84
股息1998/04/30—R$0.92
股东权益利息(JCP)1998/04/30—R$0.56
股东权益利息(JCP)1997/12/23—R$0.62
股息1997/04/30—R$0.68
股息1997/04/30—R$0.32
股息1996/04/29—R$0.74
股息1996/04/29—R$0.26
拆股、合股和送股
事件最后买入日比例
送股2024/04/2930.00% 送股
拆股2022/05/0210 换 13
拆股2021/05/0326 换 29
拆股2020/08/0324 换 25
拆股2013/12/2713 换 17
拆股2013/05/0231 换 35
拆股2012/04/304 换 5
拆股2010/04/3010 换 11
合股2007/06/01500 换 1

关于 Cia Energetica De Minas Gerais - Cemig

行业
Energia
细分领域
Energia Elétrica
上市板块
1级
随售权
由公司章程规定
自由流通股比例
80.11%
已发行股份
9.57亿 普通股 · 19.05亿 优先股
日均成交额
R$1.5亿
Ibovespa 权重
0.78%
上市时间
1972/01/14
CNPJ
17.155.730/0001-64

A Companhia Energética de Minas Gerais S.A. (Cemig) é uma empresa brasileira do setor de energia, fundada em 1952 e listada na B3 sob os tickers CMIG3 e CMIG4. A companhia atua de forma integrada no setor elétrico e também possui participação em distribuição de gás natural em Minas Gerais. As operações da Cemig abrangem geração, transmissão, distribuição e comercialização de energia elétrica por meio de controladas e coligadas. O grupo também desenvolve atividades em soluções energéticas e serviços associados ao consumo e à eficiência energética. No ambiente competitivo brasileiro, a Cemig está entre os grupos tradicionais de energia com base relevante de ativos regulados e concessões de longo prazo. A companhia concorre com grandes grupos privados e estatais em distribuição, transmissão e comercialização de energia. A empresa tem sede em Belo Horizonte e presença operacional em diferentes estados, com maior concentração em Minas Gerais. Sua escala inclui milhares de empregados, extensa rede de distribuição e ativos de transmissão e geração de grande porte no Sistema Interligado Nacional.

投资者关系网站
股东截至 2026/12/31,来自向 CVM 提交的 Formulário de Referência。
股东普通股优先股合计
FIA Dinâmica Energia32.82%10.01%17.63%
Estado de Minas Gerais (Casa Civil)控股股东50.97%0.00%17.04%
BLACKROCK, INC.0.00%10.01%6.66%
BNDES Participações S.A.11.15%0.00%3.73%
Pzena Investment Management, LLC0.00%5.00%3.33%
Outros5.07%74.93%51.58%
Ações Tesouraria0.00%0.06%0.04%

关于 CMIG4 的常见问题

CMIG4 今天的价格是多少?

CMIG4 目前为 R$11.16(当日1.82%),最近成交于 2026/09/30。

CMIG4 在 2025 派发了多少股息?

CMIG4 在 2025 每股派发 R$1.40,股息率为 12.53%。

CMIG4 下一次派息是什么时候?

下一次公布的派息为每股 R$0.12,派息日为 2026/12/30。

CMIG4 的市盈率和市净率是多少?

CMIG4 的市盈率为 6.95,市净率为 1.09。

CMIG4 过去12个月的回报率是多少?

CMIG4 过去12个月的回报率为 8.66%,年化波动率为 18.05%,最大回撤为 -13.03%。

CMIG4 属于哪个行业?

Cia Energetica De Minas Gerais - Cemig 属于 Energia 行业,Energia Elétrica 细分领域。