(SID) Companhia Siderurgica - Overview
Stock: Steel, Ore, Cement, Energy, Logistics
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 53.4% |
| Relative Tail Risk | -7.75% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.42 |
| Alpha | -0.10 |
| Character TTM | |
|---|---|
| Beta | 1.153 |
| Beta Downside | 0.861 |
| Drawdowns 3y | |
|---|---|
| Max DD | 65.55% |
| CAGR/Max DD | -0.17 |
Description: SID Companhia Siderurgica January 14, 2026
Companhia Siderúrgica Nacional (CSN) is Brazil’s largest integrated steel producer, operating across five segments-Steel, Mining, Logistics, Energy, and Cement. Its steel portfolio spans flat products (hot- and cold-rolled, galvanized, galvalume, pre-painted), long products, pipes, and specialty packaging, while the mining arm extracts iron ore (Casa de Pedra, Engenho) and tin. CSN also runs a railway network, hydro-electric power plants, and a cement business, positioning it as a diversified industrial conglomerate in Latin America.
Key recent metrics (FY 2023) show an EBITDA margin of roughly 13 % and a net debt-to-EBITDA ratio of 2.1×, reflecting moderate leverage after a 15 % rise in steel sales volume driven by Brazil’s infrastructure stimulus. The company’s performance is highly sensitive to the Brazilian real’s exchange rate, domestic construction activity, and global steel price cycles, while its hydro-electric assets provide a low-cost energy hedge against rising power costs. CSN’s capacity utilization hovered around 78 % in 2023, leaving upside potential if demand rebounds.
For a deeper, data-driven assessment of CSN’s valuation and risk profile, you may want to explore the detailed analytics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: -1.63b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.18 > 0.02 and ΔFCF/TA -19.83 > 1.0 |
| NWC/Revenue: 3.31% < 20% (prev 20.12%; Δ -16.81% < -1%) |
| CFO/TA 0.13 > 3% & CFO 2.54b > Net Income -1.63b |
| Net Debt (6.89b) to EBITDA (7.85b): 0.88 < 3 |
| Current Ratio: 1.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.33b) vs 12m ago -0.00% < -2% |
| Gross Margin: 27.40% > 18% (prev 0.26%; Δ 2714 % > 0.5%) |
| Asset Turnover: 78.44% > 50% (prev 45.07%; Δ 33.37% > 0%) |
| Interest Coverage Ratio: 1.42 > 6 (EBITDA TTM 7.85b / Interest Expense TTM 2.71b) |
Altman Z'' 0.93
| A: 0.08 (Total Current Assets 6.17b - Total Current Liabilities 4.66b) / Total Assets 18.93b |
| B: -0.05 (Retained Earnings -922.2m / Total Assets 18.93b) |
| C: 0.07 (EBIT TTM 3.85b / Avg Total Assets 57.91b) |
| D: 0.11 (Book Value of Equity 1.73b / Total Liabilities 15.67b) |
| Altman-Z'' Score: 0.93 = BB |
Beneish M -3.91
| DSRI: 0.18 (Receivables 858.2m/4.56b, Revenue 45.42b/43.67b) |
| GMI: 0.96 (GM 27.40% / 26.27%) |
| AQI: 1.04 (AQ_t 0.35 / AQ_t-1 0.34) |
| SGI: 1.04 (Revenue 45.42b / 43.67b) |
| TATA: -0.22 (NI -1.63b - CFO 2.54b) / TA 18.93b) |
| Beneish M-Score: -3.91 (Cap -4..+1) = AAA |
What is the price of SID shares?
Over the past week, the price has changed by -4.19%, over one month by +4.57%, over three months by +15.82% and over the past year by +12.96%.
Is SID a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 3
- Sell: 1
- StrongSell: 1
What are the forecasts/targets for the SID price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 1.3 | -27.3% |
| Analysts Target Price | 1.3 | -27.3% |
| ValueRay Target Price | 1.9 | 1.6% |
SID Fundamental Data Overview February 02, 2026
P/E Forward = 43.6681
P/S = 0.0558
P/B = 1.0019
P/EG = -2.14
Revenue TTM = 45.42b BRL
EBIT TTM = 3.85b BRL
EBITDA TTM = 7.85b BRL
Long Term Debt = 43.29b BRL (from longTermDebt, last quarter)
Short Term Debt = 1.71b BRL (from shortTermDebt, last quarter)
Debt = 10.00b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.89b BRL (from netDebt column, last quarter)
Enterprise Value = 16.69b BRL (11.33b + Debt 10.00b - CCE 4.63b)
Interest Coverage Ratio = 1.42 (Ebit TTM 3.85b / Interest Expense TTM 2.71b)
EV/FCF = -4.89x (Enterprise Value 16.69b / FCF TTM -3.41b)
FCF Yield = -20.43% (FCF TTM -3.41b / Enterprise Value 16.69b)
FCF Margin = -7.51% (FCF TTM -3.41b / Revenue TTM 45.42b)
Net Margin = -3.59% (Net Income TTM -1.63b / Revenue TTM 45.42b)
Gross Margin = 27.40% ((Revenue TTM 45.42b - Cost of Revenue TTM 32.97b) / Revenue TTM)
Gross Margin QoQ = 28.88% (prev 25.49%)
Tobins Q-Ratio = 0.88 (Enterprise Value 16.69b / Total Assets 18.93b)
Interest Expense / Debt = 2.00% (Interest Expense 199.6m / Debt 10.00b)
Taxrate = 21.0% (US default 21%)
NOPAT = 3.04b (EBIT 3.85b * (1 - 21.00%))
Current Ratio = 1.32 (Total Current Assets 6.17b / Total Current Liabilities 4.66b)
Debt / Equity = 3.76 (Debt 10.00b / totalStockholderEquity, last quarter 2.66b)
Debt / EBITDA = 0.88 (Net Debt 6.89b / EBITDA 7.85b)
Debt / FCF = -2.02 (negative FCF - burning cash) (Net Debt 6.89b / FCF TTM -3.41b)
Total Stockholder Equity = 10.67b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.82% (Net Income -1.63b / Total Assets 18.93b)
RoE = -15.29% (Net Income TTM -1.63b / Total Stockholder Equity 10.67b)
RoCE = 7.13% (EBIT 3.85b / Capital Employed (Equity 10.67b + L.T.Debt 43.29b))
RoIC = 4.55% (NOPAT 3.04b / Invested Capital 66.86b)
WACC = 6.14% (E(11.33b)/V(21.32b) * Re(10.16%) + D(10.00b)/V(21.32b) * Rd(2.00%) * (1-Tc(0.21)))
Discount Rate = 10.16% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
Fair Price DCF = unknown (Cash Flow -3.41b)
EPS Correlation: -31.42 | EPS CAGR: -20.77% | SUE: 0.07 | # QB: 0
Revenue Correlation: 17.41 | Revenue CAGR: 3.51% | SUE: 0.05 | # QB: 0
EPS next Year (2026-12-31): EPS=-0.02 | Chg30d=+0.073 | Revisions Net=+1 | Growth EPS=+67.6% | Growth Revenue=-0.5%