There's No Escaping CSN Mineração S.A.'s (BVMF:CMIN3) Muted Earnings Despite A 28% Share Price Rise
Sep 07
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Brazilian (BOVESPA) Metals and Mining Industry Analysis
UpdatedSep 07, 2024
DataAggregated Company Financials
Companies12
- 7D-2.9%
- 3M-2.6%
- 1Y-10.6%
- YTD-24.4%
Over the last 7 days, the Metals and Mining industry has dropped 2.9%, driven by a pullback from Vale of 4.9%. Meanwhile, CSN Mineração actually outperformed within the industry, gaining 8.8% in the last week. The industry has fallen 11% in the last year. In the next few years, earnings are forecast to decline by 2.2% annually.
Industry Valuation and Performance
Has the Brazilian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 08 Sep 2024 | R$361.6b | R$439.5b | R$61.1b | 6.8x | 5.9x | 0.8x |
| Tue, 06 Aug 2024 | R$352.1b | R$439.1b | R$58.9b | 7.4x | 6x | 0.8x |
| Thu, 04 Jul 2024 | R$396.1b | R$437.1b | R$52.6b | 6.6x | 7.5x | 0.9x |
| Sat, 01 Jun 2024 | R$380.7b | R$438.9b | R$51.1b | 7x | 7.4x | 0.9x |
| Mon, 29 Apr 2024 | R$388.9b | R$447.3b | R$54.4b | 6.1x | 7.1x | 0.9x |
| Wed, 27 Mar 2024 | R$386.1b | R$450.3b | R$56.3b | 6.8x | 6.9x | 0.9x |
| Fri, 23 Feb 2024 | R$419.9b | R$446.3b | R$63.4b | 6.5x | 6.6x | 0.9x |
| Sun, 21 Jan 2024 | R$428.7b | R$453.7b | R$62.4b | 6.2x | 6.9x | 0.9x |
| Tue, 19 Dec 2023 | R$459.4b | R$454.3b | R$62.9b | 6.1x | 7.3x | 1x |
| Thu, 16 Nov 2023 | R$435.1b | R$450.7b | R$63.0b | 6x | 6.9x | 1x |
| Sat, 14 Oct 2023 | R$404.4b | R$462.1b | R$75.3b | 5.5x | 5.4x | 0.9x |
| Mon, 11 Sep 2023 | R$409.1b | R$467.8b | R$76.9b | 5.5x | 5.3x | 0.9x |
| Wed, 09 Aug 2023 | R$417.9b | R$474.1b | R$79.7b | 4.7x | 5.2x | 0.9x |
| Fri, 07 Jul 2023 | R$408.5b | R$479.8b | R$96.3b | 4.3x | 4.2x | 0.9x |
| Sun, 04 Jun 2023 | R$425.0b | R$479.9b | R$96.3b | 4.5x | 4.4x | 0.9x |
| Tue, 02 May 2023 | R$447.1b | R$483.1b | R$98.9b | 4.3x | 4.5x | 0.9x |
| Thu, 30 Mar 2023 | R$488.1b | R$496.5b | R$113.2b | 4.2x | 4.3x | 1x |
| Sat, 25 Feb 2023 | R$517.0b | R$503.7b | R$120.9b | 4.1x | 4.3x | 1x |
| Mon, 23 Jan 2023 | R$579.7b | R$513.2b | R$134.2b | 4.1x | 4.3x | 1.1x |
| Wed, 21 Dec 2022 | R$523.5b | R$513.2b | R$134.2b | 3.8x | 3.9x | 1x |
| Fri, 18 Nov 2022 | R$512.1b | R$513.2b | R$134.3b | 3.9x | 3.8x | 1x |
| Sun, 16 Oct 2022 | R$439.0b | R$526.2b | R$144.6b | 3.6x | 3x | 0.8x |
| Tue, 13 Sep 2022 | R$446.7b | R$526.2b | R$144.6b | 3.7x | 3.1x | 0.8x |
| Thu, 11 Aug 2022 | R$448.2b | R$531.5b | R$151.6b | 3.3x | 3x | 0.8x |
| Sat, 09 Jul 2022 | R$477.4b | R$560.7b | R$177.8b | 3.2x | 2.7x | 0.9x |
| Mon, 06 Jun 2022 | R$580.7b | R$560.7b | R$177.9b | 3.6x | 3.3x | 1x |
| Wed, 04 May 2022 | R$541.8b | R$553.8b | R$183.0b | 3.1x | 3x | 1x |
| Fri, 01 Apr 2022 | R$639.4b | R$573.2b | R$191.4b | 3.4x | 3.3x | 1.1x |
| Sun, 27 Feb 2022 | R$613.7b | R$566.3b | R$152.7b | 3.8x | 4x | 1.1x |
| Tue, 25 Jan 2022 | R$590.9b | R$555.8b | R$149.3b | 3.6x | 4x | 1.1x |
| Thu, 23 Dec 2021 | R$562.4b | R$555.8b | R$149.3b | 3.6x | 3.8x | 1x |
| Sat, 20 Nov 2021 | R$477.5b | R$555.5b | R$149.2b | 3.2x | 3.2x | 0.9x |
| Mon, 18 Oct 2021 | R$597.9b | R$522.8b | R$136.7b | 4.8x | 4.4x | 1.1x |
| Wed, 15 Sep 2021 | R$656.8b | R$522.8b | R$136.7b | 5.1x | 4.8x | 1.3x |
Price to Earnings Ratio
4.8x
Current Industry PE
- Investors are optimistic on the Brazilian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 5.9x which is higher than its 3-year average PE of 4.8x.
- The industry is trading close to its 3-year average PS ratio of 0.95x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 24% per year over the last three years,
- Revenues have also declined 5.6% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Brazilian Materials industry?
| BR Market | -0.69% | |
| Materials | -2.51% | |
| Metals and Mining | -2.89% | |
| Copper | 0% | |
| Diversified Metals and Mining | 0% | |
| Gold | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Steel | -2.87% | |
| Aluminum | -6.02% | |
Industry PE
- Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 4.7x.
- Analysts are expecting annual earnings decline of 2.9%, which is lower than the prior year's growth of 4.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 72% over the next 5 years.
- In contrast, the Steel industry is expected to see its earnings decline by 2.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CMIN3 CSN Mineração | R$6.18 | 8.8% +R$2.7b | 46.8% | PE7.3x |