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Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) Capex-to-Operating-Cash-Flow Explanation
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
Cia Energetica DE Minas Gerais - Cemig Capex-to-Operating-Cash-Flow Related Terms
Cia Energetica DE Minas Gerais - Cemig Capex-to-Operating-Cash-Flow Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cia Energetica DE Minas Gerais - Cemig Capex-to-Operating-Cash-Flow Chart
Cia Energetica DE Minas Gerais - Cemig Annual Data
MEX:CIGN vs NEE, SO, DUK: Capex-to-Operating-Cash-Flow Comparison
For the Utilities - Regulated Electric subindustry, Cia Energetica DE Minas Gerais - Cemig's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cia Energetica DE Minas Gerais - Cemig Capex-to-Operating-Cash-Flow vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's Capex-to-Operating-Cash-Flow falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Capex-to-Operating-Cash-Flow of 0.10 mean?
Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) has a Capex-to-Operating-Cash-Flow of 0.10 as of Jun. 2026. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Cia Energetica DE Minas Gerais - Cemig and its competitors. This is 57% below median its historical median of 0.23. According to the industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #2 out of 397 companies in the Utilities - Regulated industry, placing it in the top 0.5%.
Is Cia Energetica DE Minas Gerais - Cemig's Capex-to-Operating-Cash-Flow too high?
Cia Energetica DE Minas Gerais - Cemig's current Capex-to-Operating-Cash-Flow of 0.10 is 57% below median its 10-year median of 0.23. The Utilities - Regulated industry median Capex-to-Operating-Cash-Flow is 0.76. Cia Energetica DE Minas Gerais - Cemig's value of 0.10 is 86.8% below this industry median. Based on the distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #2 out of 397 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Cia Energetica DE Minas Gerais - Cemig has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Cia Energetica DE Minas Gerais - Cemig's Capex-to-Operating-Cash-Flow compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #2 out of 397 companies for Capex-to-Operating-Cash-Flow. This places Cia Energetica DE Minas Gerais - Cemig in the top 1% of its industry — outperforming the majority of peers. The industry median Capex-to-Operating-Cash-Flow is 0.76. Cia Energetica DE Minas Gerais - Cemig's value of 0.10 is 86.8% below this benchmark. While the company's 10-year median is 0.23 vs. the industry median of 0.76, Cia Energetica DE Minas Gerais - Cemig has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Capex-to-Operating-Cash-Flow for an Utilities - Regulated company?
The median Capex-to-Operating-Cash-Flow among Utilities - Regulated companies is 0.76, based on 397 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cia Energetica DE Minas Gerais - Cemig's current Capex-to-Operating-Cash-Flow of 0.10 is 86.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Capex-to-Operating-Cash-Flow mean?
A high Capex-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on Cia Energetica DE Minas Gerais - Cemig and its competitors. For the Utilities - Regulated industry, the median Capex-to-Operating-Cash-Flow is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cia Energetica DE Minas Gerais - Cemig's current Capex-to-Operating-Cash-Flow is 0.10, which is 57% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cia Energetica DE Minas Gerais - Cemig stock overvalued right now?
Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) has a current Capex-to-Operating-Cash-Flow of 0.10. The stock's GF Value™ is MXN27.74, compared to a current price of MXN33.00 — trading 19% above its estimated fair value. The current Capex-to-Operating-Cash-Flow is 0.10, which is 57% below median its 10-year median of 0.23 and 86.8% below the Utilities - Regulated industry median of 0.76. Cia Energetica DE Minas Gerais - Cemig's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Cash-Flow calculated?
Capex-to-Operating-Cash-Flow is calculated from a company's financial statements. For Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN), the current Capex-to-Operating-Cash-Flow is 0.10 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cia Energetica DE Minas Gerais - Cemig (MEX:CIGN) Overvalued in 2026?
Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be overvalued.
The current stock price of MXN33.00 is trading 19% above its estimated GF Value™ of MXN27.74.
Key valuation signals for MEX:CIGN:
Capex-to-Operating-Cash-Flow: 0.10 (57% below median its 10-year median of 0.23)
GF Value™: MXN27.74 vs. price of MXN33.00 (19% above fair value)
Industry Position: 86.8% below the Utilities - Regulated median (#2 of 397)
No single metric tells the full story. See the MEX:CIGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cia Energetica DE Minas Gerais - Cemig is a Brazilian energy company engaged in the generation, transmission, distribution, and commercialization of electricity, as well as natural gas distribution. The company operates through six segments: Generation, Transmission, Trading, Distribution, Gas, and Investees. Its activities include power generation mainly from hydroelectric sources, operation and maintenance of transmission and distribution infrastructure, electricity sales to captive and free-market customers, and gas distribution in Minas Gerais. The company derives a majority of its revenue from the Distribution segment, which comprises the distribution and sale of electricity to captive customers, and the operation and maintenance of infrastructure and related services.
68GF Score
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Capex-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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