CIGN Fair Value & Analysis
Utilities · MX · Market cap 109B MXN
Strengths
Risks
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 8 days ago
Fair value updated Aug 13, 2026, revised from 85.31 MXN to 72.99 MXN (−14.4%) since Jul 20, 2026. Share price −13.2% over the past month.
Below-average quality, screening 121% undervalued on our models.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (36.96 MXN). The market is more pessimistic than our downside scenario.
- The model range is unusually wide (36.96 MXN to 119.52 MXN). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 23.62 MXN – 47.00 MXN · fair‑value band 36.96 MXN – 119.52 MXN · the 33.00 MXN price screens below the 72.99 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
CIGN (CIGN) currently trades at 33.00 MXN, while our model-based Fair Value estimate is 72.99 MXN, implying the stock looks roughly 121.2% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, CIGN generated revenue of 43.4B MXN 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 17.6B MXN. Fundamentals as of Aug 13, 2026
Our scenario range runs from 36.96 MXN (bear case) to 119.52 MXN (bull case); at 33.00 MXN, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 30% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at 121%, CIGN screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Growth Earnings (24.63 MXN) versus Asset-Based (6.69 MXN). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 40
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.
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
CIGN reported revenue of 42.8B MXN in FY2025 versus 33.6B MXN in FY2021, a compound +6.2%/yr. Reported net income was 4.9B MXN in FY2025, compounding +6.9%/yr from FY2021.
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Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $85.78 | $32.94 | -62% |
| The Southern Company SO | $92.52 | $58.81 | -36% |
| National Grid plc NGG | 61,175 ARS | 44,886 ARS | -27% |
| NTPC Limited NTPC | ₹337.50 | ₹375.02 | +11% |
| CEZ, a. s. CEZ | 244.80 PLN | 167.29 PLN | -32% |
| Power Grid Corporation POWERGRID | ₹264.80 | ₹252.77 | -5% |
| China National Nuclear Power Co 601985 | ¥8.81 | ¥6.73 | -24% |
| CLP Holdings 0002 | HK$78.50 | HK$42.12 | -46% |
| CK Infrastructure Holdings 1038 | HK$66.55 | HK$42.74 | -36% |
| Enel Américas S.A ENELAM | 86.93 CLP | 119.19 CLP | +37% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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