BOVESPA:CSNA3

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Companhia Siderúrgica Nacional

Executive Summary

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. More Details


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

CSNA3IndustryMarket
7 Day-1.1%-0.8%-2.6%
30 Day10.1%6.5%0.6%
90 Day58.3%42.5%14.3%
1 Year128.2%127.9%72.7%66.9%0.4%-2.2%
3 Year235.0%212.3%138.0%115.9%47.3%31.4%
5 Year926.6%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

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

NamePositionTenureCompensationOwnership
Benjamin Steinbruch
President of Executive Board18.75yrsno datano data
Felipe Steinbruch
Co-Founder - CSN Inovano datano datano data
Marcelo Ribeiro
Chief Financial & IR Officer3.33yrsno datano data
David Salama
Executive Officer & Member of Executive Board9.42yrsno datano data
Luis Fernando Martinez
Executive Officer & Member of Executive Board9.42yrsno datano data
Helena Guerra
Head of Sustainabilityno datano datano data
Claudia Sarti
Secretaryno datano datano data
René Coelho
Executiveno datano datano data
Enéas Diniz
no datano datano 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

NamePositionTenureCompensationOwnership
Benjamin Steinbruch
President of Executive Board18.75yrsno datano data
Yoshiaki Nakano
Independent Director16.75yrsno datano data
Tufi Filho
Chairman of Fiscal Council2.58yrsno datano data
Antonio Vieira Maia
Independent Director7.75yrsno datano data
Valmir Rossi
Member of Fiscal Council0.75yrno datano data
Fabiam Franklin
Director4.75yrsno datano data
Andre Coji
Member of Fiscal Council2.58yrsno datano data
Miguel Sobrinho
Independent Director1.75yrsno datano data
Maria Aparecida Hallack
Member of Fiscal Council0.75yrno datano data
Beatriz Martini
Member of Fiscal Council0.75yrno datano data
Angelica de Queiroz
Member of Fiscal Council0.75yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSNA3BOVESPA (Bolsa de Valores de Sao Paulo)YesCommon StockBRBRLJan 1994
SIDNYSE (New York Stock Exchange)SPONSORED ADRUSUSDNov 1997
CQWADB (Deutsche Boerse AG)SPONSORED ADRDEEURNov 1997
SID NBMV (Bolsa Mexicana de Valores)SPONSORED ADRMXMXNNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 21:57
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.