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CSN Mineração S.A.BOVESPA:CMIN3 Stock Report

Market Cap R$23.7b
Share Price
R$4.37
R$4
9.3% overvalued intrinsic discount
1Y-11.2%
7D-6.2%
1D
Portfolio Value
View

CSN Mineração S.A.

BOVESPA:CMIN3 Stock Report

Market Cap: R$23.7b

CMIN3 Community Fair Values

Create Narrative

See what 18 others think this stock is worth. Follow their fair value or set your own to get alerts.

CSN Mineração S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for CSN Mineração
Historical stock prices
Current Share PriceR$4.37
52 Week HighR$6.56
52 Week LowR$4.08
Beta0.94
1 Month Change-9.15%
3 Month Change-15.96%
1 Year Change-11.18%
3 Year Change-4.17%
5 Year Change-54.99%
Change since IPO-51.44%

Recent News & Updates

Narrative Update May 04

CMIN3: Sharply Weaker Revenue And Margin Outlook Will Likely Cap Future Returns

Analysts have lifted their price target for CSN Mineração to R$4.00, citing updated assumptions that include a slightly lower discount rate, softer revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News CSN Mineração has scheduled a Special and Extraordinary Shareholders Meeting for April 16, 2026, at 11:00 SE Asia Standard Time, to be held exclusively via online meetings, with the location specified as Vietnam (Key Developments).
Narrative Update Apr 19

CMIN3: Online Meeting And Higher Discount Rate Will Shape Steady Outlook

Analysts have lowered their price target for CSN Mineração to around R$5.50 from about R$5.64, citing updated assumptions that include a higher discount rate, a shift to expectations of revenue decline, slightly lower profit margins, and a higher future P/E. What's in the News CSN Mineração scheduled a Special and Extraordinary Shareholders Meeting for April 16, 2026, at 11:00 SE Asia Standard Time (Key Developments) The meeting is planned to be held exclusively online rather than in person (Key Developments) The company lists the meeting location as Vietnam, which may be relevant if you usually follow Brazil-based corporate events (Key Developments) Valuation Changes Fair Value: revised slightly lower from R$5.64 to R$5.50 per share.

Recent updates

Narrative Update May 04

CMIN3: Sharply Weaker Revenue And Margin Outlook Will Likely Cap Future Returns

Analysts have lifted their price target for CSN Mineração to R$4.00, citing updated assumptions that include a slightly lower discount rate, softer revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News CSN Mineração has scheduled a Special and Extraordinary Shareholders Meeting for April 16, 2026, at 11:00 SE Asia Standard Time, to be held exclusively via online meetings, with the location specified as Vietnam (Key Developments).
Narrative Update Apr 19

CMIN3: Online Meeting And Higher Discount Rate Will Shape Steady Outlook

Analysts have lowered their price target for CSN Mineração to around R$5.50 from about R$5.64, citing updated assumptions that include a higher discount rate, a shift to expectations of revenue decline, slightly lower profit margins, and a higher future P/E. What's in the News CSN Mineração scheduled a Special and Extraordinary Shareholders Meeting for April 16, 2026, at 11:00 SE Asia Standard Time (Key Developments) The meeting is planned to be held exclusively online rather than in person (Key Developments) The company lists the meeting location as Vietnam, which may be relevant if you usually follow Brazil-based corporate events (Key Developments) Valuation Changes Fair Value: revised slightly lower from R$5.64 to R$5.50 per share.
Narrative Update Apr 04

CMIN3: Projected Revenue Contraction Will Likely Restrain Long Term Share Performance

Analysts now see higher upside for CSN Mineração, lifting the fair value estimate from R$3.72 to R$3.87 as they factor in a higher expected profit margin and a slightly richer future P/E multiple, while also adjusting for a higher discount rate and a projected revenue contraction of 6.55%. What's in the News CSN Mineração has scheduled a Special and Extraordinary Shareholders Meeting for April 16, 2026, at 11:00 SE Asia Standard Time.
Narrative Update Mar 21

CMIN3: Updated Meeting Outlook Will Support Steady Margins And Required Return Assumptions

Analysts have raised their price target on CSN Mineração to R$5.64 from R$5.56, reflecting updated views on revenue growth, profit margins, a slightly lower discount rate, and a revised future P/E assumption. What's in the News CSN Mineração has scheduled a Special and Extraordinary Shareholders Meeting for April 16, 2026, at 11:00 SE Asia Standard Time, to be held exclusively by online meetings, with the location specified as Vietnam (Key Developments).
Narrative Update Mar 07

CMIN3: Analyst Day Insights Will Guide Stable Margins And Required Return Assumptions

Analysts have trimmed their price target on CSN Mineração slightly to R$5.56. This reflects updated assumptions for discount rate and future P/E, while revenue growth and profit margin expectations remain broadly unchanged.
Narrative Update Feb 21

CMIN3: Analyst Day Will Shape Margins P/E Expectations And Measured Return Profile

Analysts have inched up their price target on CSN Mineração to R$5.56 from R$5.54, citing slightly stronger assumed profit margins and a modestly lower future P/E multiple in their updated models. What's in the News CSN Mineração held an Analyst/Investor Day, giving the market an updated look at management's priorities and assumptions for the business (Key Developments).
Analysis Article Feb 11

These 4 Measures Indicate That CSN Mineração (BVMF:CMIN3) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Narrative Update Feb 06

CMIN3: Analyst Day Insights Will Guide Margins P/E And Return Balance

Analysts have nudged their price target for CSN Mineração slightly higher to reflect a modestly higher fair value estimate, a small adjustment to the discount rate and updated assumptions on revenue growth, profit margins and future P/E. What's in the News CSN Mineração held an Analyst/Investor Day, giving the market a focused update on its business and outlook for the company (Key Developments).
Narrative Update Jan 23

CMIN3: Updated Margins And P/E Assumptions Will Frame Balanced Return Outlook

The analyst price target for CSN Mineração has edged higher to US$5.50, with analysts pointing to slightly adjusted assumptions for revenue growth, profit margins and future P/E as the key drivers of the change. What's in the News CSN Mineração held an Analyst/Investor Day, giving the market a structured forum to hear management's latest views on the business and capital plans (Key Developments).
Analysis Article Jan 15

Returns On Capital Signal Tricky Times Ahead For CSN Mineração (BVMF:CMIN3)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Narrative Update Jan 09

CMIN3: Lower Future P/E Assumption Will Restrain Long-Term Share Performance

Analysts have reduced their fair value estimate for CSN Mineração from US$3.82 to US$3.72. This change reflects updated views on revenue growth assumptions, profit margins, and a lower future P/E multiple.
Narrative Update Dec 23

CMIN3: Higher Required Return Will Pressure Margins And Future Share Performance

Analysts have modestly raised their price target for CSN Mineração, now estimating fair value at roughly 3.82 dollars per share versus 3.50 dollars previously. They cite a higher required return and weaker margin outlook that is only partly offset by longer term earnings potential, despite a richer future earnings multiple.
Narrative Update Dec 09

CMIN3: Future Earnings Multiple And Margins Will Shape Balanced Return Outlook

Analysts have modestly raised their price target on CSN Mineração, reflecting improved expectations for revenue growth, slightly higher profit margins, and a lower projected future P/E multiple. Together, these factors support a fair value increase from approximately R$5.46 to about R$5.48 per share.
Narrative Update Nov 25

CMIN3: Higher Discount Rate And Lower Margins Will Limit Upside Potential

Analysts have slightly raised their price target for CSN Mineração from $5.39 to $5.46, citing revised forecasts that account for higher future valuation multiples. This comes despite more cautious estimates on revenue growth and profit margins.
Analysis Article Nov 23

CSN Mineração S.A.'s (BVMF:CMIN3) Share Price Not Quite Adding Up

CSN Mineração S.A.'s ( BVMF:CMIN3 ) price-to-earnings (or "P/E") ratio of 12.3x might make it look like a sell right...
Narrative Update Nov 05

CMIN3: Rising Discount Rate And Weak Margins Will Pressure Future Returns

Analysts have slightly lowered their price target for CSN Mineração from $5.42 to $5.39, citing reduced profit margin expectations and softer revenue growth forecasts as key factors in the adjustment. Valuation Changes Fair Value Estimate: Revised downward marginally from R$5.42 to R$5.39.
Analysis Article Oct 27

These 4 Measures Indicate That CSN Mineração (BVMF:CMIN3) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update Oct 10

Slowing Chinese Demand Will Expose Iron Ore Valuation Risk

Analysts have raised their price target for CSN Mineração from $5.31 to $5.42, citing improved profit margin forecasts and a more optimistic outlook on the company's revenue trajectory. Valuation Changes Fair Value: Increased slightly from R$5.31 to R$5.42 per share.
Analysis Article Sep 30

There Are Reasons To Feel Uneasy About CSN Mineração's (BVMF:CMIN3) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Analysis Article Aug 08

Some May Be Optimistic About CSN Mineração's (BVMF:CMIN3) Earnings

BOVESPA:CMIN3 1 Year Share Price vs Fair Value Explore CSN Mineração's Fair Values from the Community and select yours...
Analysis Article Jul 31

CSN Mineração S.A.'s (BVMF:CMIN3) Share Price Could Signal Some Risk

With a median price-to-earnings (or "P/E") ratio of close to 9x in Brazil, you could be forgiven for feeling...
Analysis Article Jul 04

CSN Mineração (BVMF:CMIN3) Has A Pretty Healthy Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Mar 28

Broker Revenue Forecasts For CSN Mineração S.A. (BVMF:CMIN3) Are Surging Higher

CSN Mineração S.A. ( BVMF:CMIN3 ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article Mar 17

Some Shareholders Feeling Restless Over CSN Mineração S.A.'s (BVMF:CMIN3) P/E Ratio

It's not a stretch to say that CSN Mineração S.A.'s ( BVMF:CMIN3 ) price-to-earnings (or "P/E") ratio of 8.7x right now...
Analysis Article Feb 18

Is CSN Mineração (BVMF:CMIN3) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Jan 28

CSN Mineração (BVMF:CMIN3) Could Be Struggling To Allocate Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
User avatar
New Narrative Dec 11

Ballooning P15 CapEx And Weak Iron Ore Prices Will Erode Earnings And Net Margins

Increased capital expenditure for the P15 project may strain free cash flows and net margins due to heightened financing needs.
Analysis Article Nov 20

CSN Mineração's (BVMF:CMIN3) Earnings Offer More Than Meets The Eye

The market seemed underwhelmed by the solid earnings posted by CSN Mineração S.A. ( BVMF:CMIN3 ) recently. Our analysis...
Analysis Article Oct 31

CSN Mineração (BVMF:CMIN3) Has A Rock Solid Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Oct 04

CSN Mineração (BVMF:CMIN3) Might Become A Compounding Machine

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Analysis Article Sep 07

There's No Escaping CSN Mineração S.A.'s (BVMF:CMIN3) Muted Earnings Despite A 28% Share Price Rise

CSN Mineração S.A. ( BVMF:CMIN3 ) shareholders have had their patience rewarded with a 28% share price jump in the last...
Analysis Article Jul 04

CSN Mineração (BVMF:CMIN3) Might Become A Compounding Machine

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Analysis Article Jun 08

Improved Earnings Required Before CSN Mineração S.A. (BVMF:CMIN3) Shares Find Their Feet

With a price-to-earnings (or "P/E") ratio of 7.4x CSN Mineração S.A. ( BVMF:CMIN3 ) may be sending bullish signals at...
Analysis Article Mar 29

Broker Revenue Forecasts For CSN Mineração S.A. (BVMF:CMIN3) Are Surging Higher

CSN Mineração S.A. ( BVMF:CMIN3 ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article Mar 14

We Like CSN Mineração's (BVMF:CMIN3) Earnings For More Than Just Statutory Profit

The market seemed underwhelmed by last week's earnings announcement from CSN Mineração S.A. ( BVMF:CMIN3 ) despite the...
Analysis Article Feb 05

CSN Mineração (BVMF:CMIN3) Is Investing Its Capital With Increasing Efficiency

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Jan 09

CSN Mineração S.A.'s (BVMF:CMIN3) Business Is Trailing The Market But Its Shares Aren't

With a price-to-earnings (or "P/E") ratio of 13.8x CSN Mineração S.A. ( BVMF:CMIN3 ) may be sending bearish signals at...
Analysis Article Oct 13

CSN Mineração (BVMF:CMIN3) Might Have The Makings Of A Multi-Bagger

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...

Shareholder Returns

CMIN3BR Metals and MiningBR Market
7D-6.2%-3.9%-2.8%
1Y-11.2%41.2%11.1%

Return vs Industry: CMIN3 underperformed the BR Metals and Mining industry which returned 41.2% over the past year.

Return vs Market: CMIN3 underperformed the BR Market which returned 11.1% over the past year.

Price Volatility

Is CMIN3's price volatile compared to industry and market?
CMIN3 volatility
CMIN3 Average Weekly Movement6.2%
Metals and Mining Industry Average Movement4.5%
Market Average Movement4.8%
10% most volatile stocks in BR Market7.9%
10% least volatile stocks in BR Market1.9%

Stable Share Price: CMIN3 has not had significant price volatility in the past 3 months compared to the BR market.

Volatility Over Time: CMIN3's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19137,796n/ari.csnmineracao.com.br

CSN Mineração S.A. engages in the iron ore mining business in Brazil, Asia, and Europe. The company operates Casa de Pedra, Engenho, and Pires mines. It also operates a hydroelectric power plant.

CSN Mineração S.A. Fundamentals Summary

How do CSN Mineração's earnings and revenue compare to its market cap?
CMIN3 fundamental statistics
Market capR$23.74b
Earnings (TTM)R$2.23b
Revenue (TTM)R$17.82b
10.7x
P/E Ratio
1.3x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CMIN3 income statement (TTM)
RevenueR$17.82b
Cost of RevenueR$8.40b
Gross ProfitR$9.42b
Other ExpensesR$7.19b
EarningsR$2.23b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 05, 2026

Earnings per share (EPS)0.41
Gross Margin52.87%
Net Profit Margin12.51%
Debt/Equity Ratio128.9%

How did CMIN3 perform over the long term?

See historical performance and comparison

Dividends

14.3%
Current Dividend Yield
206%
Payout Ratio

Does CMIN3 pay a reliable dividends?

See CMIN3 dividend history and benchmarks
When do you need to buy CMIN3 by to receive an upcoming dividend?
CSN Mineração dividend dates
Ex Dividend DateJan 05 2026
Dividend Pay DateDec 31 2026
Days until Ex dividend153 days
Days until Dividend pay date207 days

Does CMIN3 pay a reliable dividends?

See CMIN3 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/07 06:42
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CSN Mineração S.A. is covered by 16 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mary Cleia da SilvaBB Banco de Investimento S.A.
Caio RibeiroBofA Global Research
Matheus MoreiraBradesco S.A. Corretora de Títulos e Valores Mobiliários