免費建立帳戶

B3 · BRL

CMIG4

Companhia Energetica de Minas Gerais SA Pfd

R$11.16+1.82% (R$0.20)
當日區間
R$11.03 – R$11.17
當日成交量
R$2億
52週區間
R$9.87 – R$13.87

在 Fuolio 上關注 CMIG4

看看 CMIG4 在您淨資產中的占比、已為您帶來多少收益,以及與目標配置的差距。

免費建立帳戶

CMIG4 數據一覽

市值
R$371.5億
本益比
6.95
股價淨值比
1.09
殖利率(近12個月)
10.21%
淨負債/EBITDA
4.68

CMIG4 近12個月殖利率為 10.21%,低於其5年平均值 13.67%。

CMIG4 股價走勢

2025/10/012026/09/30
比較對象

CMIG4 風險與報酬

月收盤價已依股票分割與配息調整。

指標12 個月36 個月60 個月
報酬率+8.66%+83.18%+186.17%
波動率(年化)18.05%17.19%21.79%
最大回檔-13.03%-13.03%-13.03%
正報酬月數9/1226/3641/60

投資 CMIG4 報酬多少?

2021/09/01 投入的 R$1,000.00 今天價值 R$2,568.26。

CMIG4 今日價值
R$2,568.26
期間報酬率
+156.83%
年化報酬率
+20.76%
Ibovespa
R$1,657.66

股息再投入,未計稅費與成本,以每月收盤價計算。過去報酬不代表未來表現。

CMIG4 基本面

估值

  • 本益比
    6.95
  • 股價淨值比
    1.09
  • EV/EBITDA
    9.04
  • EV/EBIT
    11.14
  • EV/營收
    1.76
  • P/EBIT
    5.37
  • 股價營收比
    0.85
  • P/OCF
    10.91
  • P/FCF
    -11.83
  • 盈餘殖利率
    8.97%
  • PEG
    —
  • 每股盈餘
    R$1.61
  • 每股淨值
    R$10.20

負債

  • 淨負債
    R$399.4億
  • 淨負債/EBITDA
    4.68
  • 淨負債/權益
    1.37
  • 負債權益比
    1.47
  • 流動比率
    1.17
  • 速動比率
    1.17
  • 現金比率
    0.23

效率

  • 毛利率
    15.93%
  • EBITDA利潤率
    19.50%
  • 營業利益率
    15.82%
  • 淨利率
    10.51%
  • 總資產週轉率
    0.62

獲利能力

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

成長性

  • 營收CAGR（5年）
    9.57%
  • 獲利CAGR（5年）
    1.59%
  • 營收成長(年度)
    7.36%
  • 獲利成長(年度)
    -31.19%
  • 營收成長(季度)
    4.25%
  • 獲利成長(季度)
    -29.33%

CMIG4的合理價格是多少？

兩個經典估值公式，採用今天的數據。目前股價為R$11.16。

Graham合理價格
R$19.19
高於現價71.99%

√(22.50 × R$1.61 × R$10.20)

Benjamin Graham買進時本益比不超過15、股價淨值比不超過1.5。兩者相乘得22.5，再乘以每股盈餘（EPS）與每股淨值，即為合理價格。

Bazin上限價格
R$21.69
高於現價94.39%

R$1.30（5年平均）÷ 6%

Décio Bazin只買進每年殖利率至少6%的股票。上限價格為近年每股平均股利除以6%。

Graham忽略成長與負債；Bazin假設過去的配息會重演。兩者僅供比較參考，並非買進建議。

CMIG4歷年指標

評價倍數依每年收盤價計算；利潤率與報酬率取自當年財報。

指標20252024202320222021202020192018
本益比6.544.475.705.995.928.616.4311.89
股價淨值比1.121.161.331.131.141.411.271.27
EV/EBITDA8.224.815.695.614.597.3310.1312.18
殖利率12.53%17.25%9.32%11.95%17.28%6.78%9.49%7.08%
每股盈餘R$1.71R$2.49R$2.01R$1.86R$2.22R$1.69R$2.14R$1.17
每股淨值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利潤率19.38%28.26%23.08%19.93%23.78%22.58%16.02%14.96%
淨利率11.46%17.87%15.64%11.87%11.15%11.35%12.32%7.64%
淨負債/EBITDA4.351.981.822.041.813.005.186.11

CMIG4財務報表

科目202520242023202220212020
營收淨額R$427.5億R$398.2億R$368.5億R$344.6億R$336.5億R$252.3億
營業成本-R$355.1億-R$316.6億-R$284.7億-R$276.5億-R$269.2億-R$198.4億
毛利R$72.4億R$81.6億R$83.8億R$68.1億R$67.2億R$53.8億
EBITDAR$82.8億R$112.5億R$85億R$68.7億R$80億R$57億
EBITR$67.5億R$98.8億R$72.3億R$56.9億R$69.5億R$47.1億
財務收支淨額-R$10.8億-R$5.2億-R$3.8億-R$15.7億-R$22.5億-R$9.1億
稅前淨利R$56.7億R$93.6億R$68.5億R$41.2億R$47億R$38億
所得稅-R$7.7億-R$22.4億-R$10.8億-R$2618.9萬-R$9.5億-R$9.4億
淨利R$49億R$71.2億R$57.6億R$40.9億R$37.5億R$28.6億

數據為公司向CVM申報的數字。負債不含租賃；季度數據為單季數值。

CMIG4 與同產業比較

公司其他股票及產業內最大個股的相同指標。

股票本益比股價淨值比殖利率(近12個月)ROE市值
CMIG4Cia Energetica De Minas Gerais - Cemig6.951.0910.21%15.75%R$371.5億
AXIA3AXIA313.391.323.41%9.86%R$1589.6億
AXIA7AXIA7——0.00%—R$1589.6億
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO12.062.1512.68%17.80%R$966.8億
ENEV3ENEVA S.A56.292.660.00%4.73%R$541.9億
CPFE3CPFL ENERGIA S.A.8.732.318.20%26.43%R$524.4億

CMIG4 有配息嗎?

已公告配息
類型最後買進日發放日每股金額
股利2026/04/302026/12/30R$0.12
股東權益利息2025/12/232026/12/30R$0.12
股東權益利息2025/09/292026/12/30R$0.11
股東權益利息2025/06/232026/12/30R$0.10
股東權益利息2025/03/252026/12/30R$0.09
股東權益利息2026/09/222027/06/30R$0.03
股東權益利息2026/06/232027/06/30R$0.11
股東權益利息2026/03/242027/06/30R$0.12
股東權益利息2026/09/222027/12/30R$0.03
股東權益利息2026/06/232027/12/30R$0.11
股東權益利息2026/03/242027/12/30R$0.12

歷年殖利率

  • 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
配息紀錄
類型最後買進日發放日每股金額
股利2026/04/302026/06/30R$0.12
股東權益利息2025/12/232026/06/30R$0.12
股東權益利息2025/09/292026/06/30R$0.11
股東權益利息2025/06/232026/06/30R$0.10
股東權益利息2025/03/252026/06/30R$0.09
股利2025/12/222025/12/30R$0.15
股利2025/04/302025/12/30R$0.33
股東權益利息2024/12/232025/12/30R$0.10
股東權益利息2024/09/232025/12/30R$0.08
股東權益利息2024/06/212025/12/30R$0.08
股東權益利息2024/03/262025/12/30R$0.09
股利2025/04/302025/06/30R$0.33
查看全部 120 筆配息
更早的配息
類型最後買進日發放日每股金額
股東權益利息2024/12/232025/06/30R$0.10
股東權益利息2024/09/232025/06/30R$0.08
股東權益利息2024/06/212025/06/30R$0.08
股利2024/04/292024/12/27R$0.12
股東權益利息2023/12/212024/12/27R$0.30
股東權益利息2023/09/252024/12/27R$0.09
股東權益利息2023/06/232024/12/27R$0.10
股東權益利息2023/03/272024/12/27R$0.10
股利2024/08/232024/08/30R$0.50
股利2024/04/292024/06/28R$0.12
股東權益利息2023/12/212024/06/28R$0.30
股東權益利息2023/09/252024/06/28R$0.09
股東權益利息2023/06/232024/06/28R$0.10
股東權益利息2023/03/272024/06/28R$0.10
股利2023/04/272023/12/28R$0.06
股東權益利息2022/12/272023/12/28R$0.12
股東權益利息2022/12/212023/12/28R$0.09
股東權益利息2022/09/232023/12/28R$0.11
股東權益利息2022/06/242023/12/28R$0.08
股利2023/04/272023/06/30R$0.06
股東權益利息2022/12/272023/06/30R$0.12
股東權益利息2022/12/212023/06/30R$0.09
股東權益利息2022/09/232023/06/30R$0.11
股利2022/04/292022/12/29R$0.30
股東權益利息2022/03/282022/12/29R$0.14
股東權益利息2021/12/212022/12/29R$0.28
股利2022/04/292022/06/30R$0.30
股東權益利息2021/04/302021/12/29R$0.18
股利2021/04/302021/12/29R$0.31
股利2021/04/302021/06/30R$0.31
股東權益利息2021/04/302021/06/30R$0.18
股東權益利息2020/12/302021/06/30R$0.29
股東權益利息2020/09/252021/06/30R$0.08
股利2020/07/312020/12/30R$0.25
股東權益利息2019/12/232020/12/30R$0.27
股利2019/05/032019/12/27R$0.45
股東權益利息2019/05/032019/12/27R$0.07
股東權益利息2018/12/212019/06/28R$0.14
股利2018/04/302018/12/28R$0.50
股利2017/05/122017/12/28R$0.12
股東權益利息2016/12/262017/12/28R$0.15
股利2017/05/122017/06/30R$0.12
股東權益利息2016/12/262017/06/30R$0.15
股利2016/04/292016/12/30R$0.50
股利2016/04/292016/12/20R$0.34
股東權益利息2015/12/302016/12/20R$0.08
股東權益利息2015/12/302016/06/30R$0.08
股利2015/04/302015/12/28R$0.45
股利2014/11/072014/12/19R$0.87
股利2014/06/272014/09/30R$0.48
股利2014/06/272014/07/08R$0.87
股利2014/04/302014/06/30R$0.89
股東權益利息2013/12/052013/12/19R$0.55
股利2012/12/212013/10/31R$0.47
股利2012/12/212013/01/15R$1.41
股利2011/12/092011/12/28R$1.25
股利2011/04/292011/06/30R$0.88
股利2010/12/162010/12/29R$1.32
股利2010/04/292010/06/29R$0.75
股利2008/04/252008/06/27R$0.89
股利2006/07/112006/08/10R$0.47
股利2006/01/162006/01/27R$5.53
股利2005/04/292005/12/29R$1.13
股東權益利息2005/01/102005/12/29R$0.25
股東權益利息2004/09/082005/06/30R$0.62
股利2004/04/302004/12/28R$0.44
股東權益利息2003/12/292004/12/28R$0.62
股東權益利息2003/12/082004/12/28R$0.93
股東權益利息2002/12/272003/12/22R$0.62
股東權益利息2002/05/232003/12/22R$0.74
股利2002/04/302002/09/30R$0.70
股東權益利息2001/12/272002/09/30R$0.65
股東權益利息2000/06/292001/09/28R$0.61
股東權益利息2000/04/142001/09/28R$0.57
股東權益利息1999/12/202000/11/16R$1.18
股利1999/04/271999/05/31R$0.50
股利1999/04/271999/05/31R$0.32
股利1999/04/271999/05/31R$0.23
股東權益利息2014/12/26—R$0.09
股利2014/04/30—R$0.45
股利2013/04/30—R$0.42
股利2013/04/30—R$0.29
股東權益利息2012/12/21—R$0.80
股東權益利息2012/12/21—R$0.19
股東權益利息2012/12/21—R$1.00
股利2012/04/27—R$0.95
股利2009/04/29—R$0.95
股利2007/04/26—R$1.47
股利2007/04/26—R$1.02
股東權益利息2006/05/11—R$0.52
股利2006/04/28—R$1.43
股東權益利息2006/01/02—R$0.48
股東權益利息2005/11/08—R$0.60
股東權益利息2005/07/08—R$0.87
股東權益利息2004/12/10—R$1.05
股東權益利息2004/06/09—R$1.23
股東權益利息1998/12/21—R$0.63
股東權益利息1998/10/27—R$0.54
股東權益利息1998/10/27—R$0.08
股東權益利息1998/08/31—R$0.35
股東權益利息1998/08/31—R$0.84
股利1998/04/30—R$0.92
股東權益利息1998/04/30—R$0.56
股東權益利息1997/12/23—R$0.62
股利1997/04/30—R$0.68
股利1997/04/30—R$0.32
股利1996/04/29—R$0.74
股利1996/04/29—R$0.26
股票分割、反分割與配股
事件最後買進日比例
配股2024/04/29配股 30.00%
股票分割2022/05/0210 換 13
股票分割2021/05/0326 換 29
股票分割2020/08/0324 換 25
股票分割2013/12/2713 換 17
股票分割2013/05/0231 換 35
股票分割2012/04/304 換 5
股票分割2010/04/3010 換 11
反分割2007/06/01500 換 1

關於 Cia Energetica De Minas Gerais - Cemig

產業
Energia
類別
Energia Elétrica
上市板塊
1級
隨售權
由公司章程規定
自由流通股比例
80.11%
已發行股數
9.57億 普通股 · 19.05億 特別股
日均成交值
R$1.5億
Ibovespa 權重
0.78%
上市日期
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.

投資人關係網站
股東截至 2026/12/31,取自向 CVM 申報的 Formulário de Referência。
股東普通股特別股合計
FIA Dinâmica Energia32.82%10.01%17.63%
Estado de Minas Gerais (Casa Civil)控股股東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%

關於 CMIG4 的常見問題

CMIG4 今天的股價是多少?

CMIG4 目前為 R$11.16(當日 1.82%),最後成交於 2026/09/30。

CMIG4 在 2025 年配發多少股利?

CMIG4 在 2025 年每股配發 R$1.40,殖利率為 12.53%。

CMIG4 下一次配息是什麼時候?

下一筆已公告配息為每股 R$0.12,發放日為 2026/12/30。

CMIG4 的本益比與股價淨值比是多少?

CMIG4 本益比為 6.95,股價淨值比為 1.09。

CMIG4 過去12個月的報酬率是多少?

CMIG4 過去12個月報酬率為 8.66%,年化波動率為 18.05%,最大回檔為 -13.03%。

CMIG4 屬於哪個產業?

Cia Energetica De Minas Gerais - Cemig 屬於 Energia 產業,Energia Elétrica 類別。