CSN Mineração S.A.

BOVESPA:CMIN3 Stock Report

Market Cap: R$32.5b

CSN Mineração Valuation

Is CMIN3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CMIN3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CMIN3 (R$5.93) is trading above our estimate of fair value (R$0.36)

Significantly Below Fair Value: CMIN3 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for CMIN3?

Other financial metrics that can be useful for relative valuation.

CMIN3 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA4.1x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

How does CMIN3's PE Ratio compare to its peers?

The above table shows the PE ratio for CMIN3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.3x
GGBR4 Gerdau
7.6x0.8%R$37.4b
GOAU4 Metalurgica Gerdau
6.1x11.2%R$10.6b
USIM5 Usinas Siderúrgicas de Minas Gerais
14x29.1%R$7.5b
VALE3 Vale
5.3x-4.8%R$258.6b
CMIN3 CSN Mineração
7x-31.9%R$32.5b

Price-To-Earnings vs Peers: CMIN3 is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (8.3x).


Price to Earnings Ratio vs Industry

How does CMIN3's PE Ratio compare vs other companies in the South American Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-3.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-3.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: CMIN3 is good value based on its Price-To-Earnings Ratio (7x) compared to the South American Metals and Mining industry average (10.7x).


Price to Earnings Ratio vs Fair Ratio

What is CMIN3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CMIN3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio4.5x

Price-To-Earnings vs Fair Ratio: CMIN3 is expensive based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (4.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CMIN3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR$5.93
R$5.99
+1.1%
15.9%R$7.50R$4.10n/a12
Oct ’25R$7.12
R$5.91
-17.0%
15.2%R$7.50R$4.10n/a12
Sep ’25R$5.68
R$5.68
-0.04%
13.8%R$7.50R$4.10n/a12
Aug ’25R$4.96
R$5.82
+17.4%
12.3%R$7.50R$4.40n/a12
Jul ’25R$5.45
R$5.90
+8.2%
15.1%R$7.50R$4.00n/a13
Jun ’25R$4.94
R$6.02
+21.9%
16.3%R$8.00R$4.00n/a12
May ’25R$4.94
R$5.95
+20.4%
16.9%R$8.00R$4.00n/a12
Apr ’25R$5.31
R$6.58
+24.0%
15.1%R$8.00R$4.30n/a13
Mar ’25R$6.02
R$6.77
+12.5%
16.1%R$8.00R$4.30n/a13
Feb ’25R$6.82
R$6.79
-0.5%
19.6%R$8.15R$4.30n/a12
Jan ’25R$7.83
R$6.50
-17.0%
19.4%R$8.50R$4.30n/a13
Dec ’24R$7.10
R$5.84
-17.7%
17.4%R$7.30R$4.30n/a11
Nov ’24R$5.33
R$5.02
-5.9%
18.7%R$7.00R$3.60n/a9
Oct ’24R$4.85
R$4.99
+2.9%
18.9%R$7.00R$3.60R$7.129
Sep ’24R$4.36
R$4.96
+13.7%
18.5%R$7.00R$3.60R$5.6811
Aug ’24R$4.40
R$4.98
+13.1%
18.0%R$7.00R$3.60R$4.9611
Jul ’24R$4.18
R$4.99
+19.3%
18.0%R$7.00R$3.60R$5.4511
Jun ’24R$4.47
R$5.20
+16.4%
17.9%R$7.00R$3.60R$4.9411
May ’24R$4.64
R$5.31
+14.5%
16.6%R$7.00R$3.60R$4.9412
Apr ’24R$4.84
R$5.18
+7.0%
19.2%R$7.00R$3.30R$5.3112
Mar ’24R$4.78
R$5.03
+5.3%
17.4%R$6.30R$3.30R$6.0211
Feb ’24R$5.34
R$4.85
-9.2%
17.8%R$6.30R$3.30R$6.8211
Jan ’24R$4.08
R$4.30
+5.4%
19.2%R$5.70R$3.30R$7.8311
Dec ’23R$3.81
R$4.73
+24.0%
30.9%R$9.00R$3.50R$7.1012
Nov ’23R$3.55
R$5.11
+43.9%
32.4%R$9.00R$3.50R$5.3312
Oct ’23R$3.31
R$5.33
+61.1%
34.0%R$9.00R$3.50R$4.8512

Analyst Forecast: Target price is less than 20% higher than the current share price.


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