Companhia Siderúrgica Nacional
Market Cap
R$46.1b
Last Updated
2021/01/22 21:57 UTC
Data Sources
Company Financials +
Executive Summary
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. More Details
Rewards
Risk Analysis
Snowflake Analysis
Second-rate dividend payer with limited growth.
Similar Companies
Share Price & News
How has Companhia Siderúrgica Nacional's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CSNA3 is more volatile than 75% of BR stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: CSNA3's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of BR stocks.
Market Performance
7 Day Return
-1.1%
CSNA3
-0.8%
BR Metals and Mining
-2.6%
BR Market
1 Year Return
127.9%
CSNA3
66.9%
BR Metals and Mining
-2.2%
BR Market
Return vs Industry: CSNA3 exceeded the BR Metals and Mining industry which returned 62.9% over the past year.
Return vs Market: CSNA3 exceeded the BR Market which returned -1.4% over the past year.
Shareholder returns
| CSNA3 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | -0.8% | -2.6% |
| 30 Day | 10.1% | 6.5% | 0.6% |
| 90 Day | 58.3% | 42.5% | 14.3% |
| 1 Year | 128.2%127.9% | 72.7%66.9% | 0.4%-2.2% |
| 3 Year | 235.0%212.3% | 138.0%115.9% | 47.3%31.4% |
| 5 Year | 926.6%857.2% | 998.4%854.7% | 195.4%144.8% |
Long-Term Price Volatility Vs. Market
How volatile is Companhia Siderúrgica Nacional's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Is Companhia Siderúrgica Nacional (BVMF:CSNA3) A High Quality Stock To Own?3 weeks ago | Simply Wall St
Companhia Siderúrgica Nacional (BVMF:CSNA3) Has Rewarded Shareholders With An Exceptional 899% Total Return On Their Investment1 month ago | Simply Wall St
Is Companhia Siderúrgica Nacional (BVMF:CSNA3) A Risky Investment?Valuation
Is Companhia Siderúrgica Nacional undervalued compared to its fair value and its price relative to the market?
42.26x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CSNA3 (R$33.98) is trading above our estimate of fair value (R$10.38)
Significantly Below Fair Value: CSNA3 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CSNA3 is poor value based on its PE Ratio (42.3x) compared to the BR Metals and Mining industry average (29x).
PE vs Market: CSNA3 is poor value based on its PE Ratio (42.3x) compared to the BR market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: CSNA3 is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: CSNA3 is overvalued based on its PB Ratio (9.4x) compared to the BR Metals and Mining industry average (1.3x).
Next Steps
Future Growth
How is Companhia Siderúrgica Nacional forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
19.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CSNA3's forecast earnings growth (19.2% per year) is above the savings rate (9.9%).
Earnings vs Market: CSNA3's earnings (19.2% per year) are forecast to grow slower than the BR market (27.4% per year).
High Growth Earnings: CSNA3's earnings are forecast to grow, but not significantly.
Revenue vs Market: CSNA3's revenue (2.3% per year) is forecast to grow slower than the BR market (10.4% per year).
High Growth Revenue: CSNA3's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CSNA3's Return on Equity is forecast to be high in 3 years time (22.7%)
Next Steps
Past Performance
How has Companhia Siderúrgica Nacional performed over the past 5 years?
46.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSNA3 has high quality earnings.
Growing Profit Margin: CSNA3's current net profit margins (4.1%) are lower than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: CSNA3 has become profitable over the past 5 years, growing earnings by 46.4% per year.
Accelerating Growth: CSNA3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CSNA3 had negative earnings growth (-54.8%) over the past year, making it difficult to compare to the Metals and Mining industry average (-44.6%).
Return on Equity
High ROE: Whilst CSNA3's Return on Equity (24.12%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Companhia Siderúrgica Nacional's financial position?
Financial Position Analysis
Short Term Liabilities: CSNA3's short term assets (R$18.5B) exceed its short term liabilities (R$12.9B).
Long Term Liabilities: CSNA3's short term assets (R$18.5B) do not cover its long term liabilities (R$37.8B).
Debt to Equity History and Analysis
Debt Level: CSNA3's debt to equity ratio (570.1%) is considered high.
Reducing Debt: CSNA3's debt to equity ratio has reduced from 920.7% to 570.1% over the past 5 years.
Debt Coverage: CSNA3's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: CSNA3's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Companhia Siderúrgica Nacional current dividend yield, its reliability and sustainability?
1.76%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CSNA3's dividend (1.76%) is higher than the bottom 25% of dividend payers in the BR market (0.96%).
High Dividend: CSNA3's dividend (1.76%) is low compared to the top 25% of dividend payers in the BR market (5.13%).
Stability and Growth of Payments
Stable Dividend: CSNA3's dividend payments have been volatile in the past 10 years.
Growing Dividend: CSNA3's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (1.1%), CSNA3's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CSNA3's dividends in 3 years are forecast to be well covered by earnings (26.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.4yrs
Average management tenure
CEO
Benjamin Steinbruch (67 yo)
18.75yrs
Tenure
Mr. Benjamin Steinbruch has been a Director of Companhia Siderúrgica Nacional (“Company”) since April 23, 1993, and it’s Chairman since April, 1995. Mr. Steinbruch has also been its CEO since April, 2002. ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President of Executive Board | 18.75yrs | no data | no data | |
| Co-Founder - CSN Inova | no data | no data | no data | |
| Chief Financial & IR Officer | 3.33yrs | no data | no data | |
| Executive Officer & Member of Executive Board | 9.42yrs | no data | no data | |
| Executive Officer & Member of Executive Board | 9.42yrs | no data | no data | |
| Head of Sustainability | no data | no data | no data | |
| Secretary | no data | no data | no data | |
| Executive | no data | no data | no data | |
| no data | no data | no data |
9.4yrs
Average Tenure
57yo
Average Age
Experienced Management: CSNA3's management team is seasoned and experienced (9.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President of Executive Board | 18.75yrs | no data | no data | |
| Independent Director | 16.75yrs | no data | no data | |
| Chairman of Fiscal Council | 2.58yrs | no data | no data | |
| Independent Director | 7.75yrs | no data | no data | |
| Member of Fiscal Council | 0.75yr | no data | no data | |
| Director | 4.75yrs | no data | no data | |
| Member of Fiscal Council | 2.58yrs | no data | no data | |
| Independent Director | 1.75yrs | no data | no data | |
| Member of Fiscal Council | 0.75yr | no data | no data | |
| Member of Fiscal Council | 0.75yr | no data | no data | |
| Member of Fiscal Council | 0.75yr | no data | no data |
2.6yrs
Average Tenure
61yo
Average Age
Experienced Board: CSNA3's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Companhia Siderúrgica Nacional's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Companhia Siderúrgica Nacional
- Ticker: CSNA3
- Exchange: BOVESPA
- Founded: 1941
- Industry: Steel
- Sector: Materials
- Market Cap: R$46.123b
- Shares outstanding: 1.38b
- Website: https://www.csn.com.br
Number of Employees
Location
- Companhia Siderúrgica Nacional
- Av. Brigadeiro Faria Lima, 3400
- 19th and 20th Floors
- São Paulo
- São Paulo
- 04538-132
- Brazil
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CSNA3 | BOVESPA (Bolsa de Valores de Sao Paulo) | Yes | Common Stock | BR | BRL | Jan 1994 |
| SID | NYSE (New York Stock Exchange) | SPONSORED ADR | US | USD | Nov 1997 | |
| CQWA | DB (Deutsche Boerse AG) | SPONSORED ADR | DE | EUR | Nov 1997 | |
| SID N | BMV (Bolsa Mexicana de Valores) | SPONSORED ADR | MX | MXN | Nov 1997 |
Biography
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Cement, Logistics, and Energy. It offers flat stee...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 21:57 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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 here.