Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) ROCE %: 13.23% (As of Mar. 2026)


FRA:CIDA Cia Energetica DE Minas Gerais - Cemig FRA:CIDA
66 GF Score
Price €1.78
GF Value €421.05
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Cia Energetica DE Minas Gerais - Cemig ROCE %?

Cia Energetica DE Minas Gerais - Cemig FRA:CIDA +2.89% 66 ROCE % is 13.23% as of Mar. 2026. GuruFocus rates FRA:CIDA with a GF Score™ of 66/100 and a GF Value™ of €421.05 (Significantly Undervalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Cia Energetica DE Minas Gerais - Cemig's annualized ROCE % for the quarter that ended in Mar. 2026 was 13.23%.

Cia Energetica DE Minas Gerais - Cemig  (FRA:CIDA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Cia Energetica DE Minas Gerais - Cemig ROCE % Related Terms

Cia Energetica DE Minas Gerais - Cemig ROCE % Historical Data

* Premium members only.

The historical data trend for Cia Energetica DE Minas Gerais - Cemig's ROCE % can be seen below:

* 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 ROCE % Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.49 12.87 19.01 21.63 14.62

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.15 14.09 10.28 20.59 13.23
FRA:CIDA
66GF Score
Cia Energetica DE Minas Gerais - Cemig FRA:CIDA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Cia Energetica DE Minas Gerais - Cemig ROCE % Calculation

Cia Energetica DE Minas Gerais - Cemig's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1122.815/( ( (9349.17 - 2214.298) + (10492.13 - 2263.788) )/ 2 )
=1122.815/( (7134.872+8228.342)/ 2 )
=1122.815/7681.607
=14.62 %

Cia Energetica DE Minas Gerais - Cemig's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1088.364/( ( (10492.13 - 2263.788) + (0 - 0) )/ 1 )
=1088.364/( ( 8228.342 + 0 )/ 1 )
=1088.364/8228.342
=13.23 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 13.23% mean?
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) has a ROCE % of 13.23% as of Mar. 2026.
Is Cia Energetica DE Minas Gerais - Cemig's ROCE % too high?
Cia Energetica DE Minas Gerais - Cemig's current ROCE % is 13.23%. The Utilities - Regulated industry median ROCE % is 6.95. Cia Energetica DE Minas Gerais - Cemig's value of 13.23% is 90.4% above this industry median. Overall, Cia Energetica DE Minas Gerais - Cemig has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cia Energetica DE Minas Gerais - Cemig's ROCE % compare to NEE and SO?
Cia Energetica DE Minas Gerais - Cemig's ROCE % of 13.23% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.95. Cia Energetica DE Minas Gerais - Cemig's value of 13.23% is 90.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.95, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % of 13.23% is 90.4% above 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.95 — 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 ROCE % is 13.23%. 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?
Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) is currently considered Significantly Undervalued. The stock's GF Value™ is €421.05, compared to a current price of €1.78 — trading 99.6% below its estimated fair value. The current ROCE % is 13.23% and 90.4% above the Utilities - Regulated industry median of 6.95. Cia Energetica DE Minas Gerais - Cemig's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA), the current ROCE % is 13.23% as of Mar. 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 (FRA:CIDA) Overvalued in 2026?

Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be undervalued. The current stock price of €1.78 is trading 99.6% below its estimated GF Value™ of €421.05. GuruFocus considers Cia Energetica DE Minas Gerais - Cemig to be Significantly Undervalued.

Key valuation signals for FRA:CIDA:

  • ROCE %: 13.23%
  • GF Value™: €421.05 vs. price of €1.78 (99.6% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 90.4% above the Utilities - Regulated median

No single metric tells the full story. See the FRA:CIDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cia Energetica DE Minas Gerais - Cemig Business Description

Address Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131
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.
66GF Score

Get the complete analysis for FRA:CIDA

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.78
Price
€421.05
GF Value