Usinas Siderúrgicas de Minas Gerais S.A.

BOVESPA:USIM5 Stock Report

Market Cap: R$7.5b

Usinas Siderúrgicas de Minas Gerais Valuation

Is USIM5 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of USIM5 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
R$3.13
Fair Value
95.8% overvalued intrinsic discount
13
Number of Analysts

Below Fair Value: USIM5 (R$6.13) is trading above our estimate of fair value (R$3.13)

Significantly Below Fair Value: USIM5 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for USIM5?

Key metric: As USIM5 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for USIM5. This is calculated by dividing USIM5's market cap by their current revenue.
What is USIM5's PS Ratio?
PS Ratio0.3x
SalesR$25.87b
Market CapR$7.46b

Price to Sales Ratio vs Peers

How does USIM5's PS Ratio compare to its peers?

The above table shows the PS ratio for USIM5 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
FESA4 Cia de Ferro Ligas da Bahia - FERBASA
1.2xn/aR$3.2b
CMIN3 CSN Mineração
1.7x-6.8%R$29.5b
GGBR4 Gerdau
0.5x4.8%R$34.3b
PATI4 Panatlântica
0.4xn/aR$627.4m
USIM5 Usinas Siderúrgicas de Minas Gerais
0.3x3.8%R$7.5b

Price-To-Sales vs Peers: USIM5 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does USIM5's PS Ratio compare vs other companies in the South American Metals and Mining Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
USIM5 0.3xIndustry Avg. 0.6xNo. of Companies8PS00.61.21.82.43+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: USIM5 is good value based on its Price-To-Sales Ratio (0.3x) compared to the South American Metals and Mining industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is USIM5's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

USIM5 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: USIM5 is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

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 USIM5 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR$6.13
R$7.31
+19.2%
20.9%R$10.00R$5.00n/a13
Feb ’26R$5.51
R$7.53
+36.6%
24.6%R$10.30R$5.00n/a13
Jan ’26R$5.32
R$8.12
+52.5%
20.0%R$11.00R$6.00n/a13
Dec ’25R$6.14
R$8.15
+32.8%
20.2%R$11.00R$6.00n/a13
Nov ’25R$6.32
R$8.08
+27.8%
21.7%R$11.00R$5.50n/a13
Oct ’25R$6.24
R$8.20
+31.4%
23.1%R$11.00R$5.50n/a13
Sep ’25R$6.23
R$8.82
+41.5%
20.6%R$11.00R$6.00n/a13
Aug ’25R$6.13
R$9.45
+54.1%
23.5%R$14.00R$6.00n/a13
Jul ’25R$7.87
R$10.44
+32.7%
13.2%R$13.50R$7.91n/a14
Jun ’25R$7.57
R$10.63
+40.4%
12.3%R$13.50R$7.91n/a13
May ’25R$7.91
R$11.13
+40.7%
12.5%R$13.50R$7.91n/a13
Apr ’25R$10.09
R$10.69
+5.9%
17.5%R$14.00R$7.50n/a13
Mar ’25R$11.11
R$10.30
-7.3%
16.2%R$14.00R$7.50n/a13
Feb ’25R$9.23
R$9.19
-0.4%
14.4%R$11.00R$7.00R$5.5114
Jan ’25R$9.29
R$8.67
-6.7%
12.0%R$10.50R$7.00R$5.3214
Dec ’24R$8.22
R$8.06
-2.0%
10.0%R$9.60R$7.00R$6.1414
Nov ’24R$6.74
R$7.81
+15.9%
11.0%R$9.60R$7.00R$6.3214
Oct ’24R$6.64
R$8.19
+23.3%
8.5%R$9.60R$7.00R$6.2414
Sep ’24R$6.93
R$8.07
+16.4%
6.9%R$9.50R$7.00R$6.2315
Aug ’24R$7.18
R$8.24
+14.8%
8.8%R$9.80R$7.00R$6.1314
Jul ’24R$7.07
R$8.29
+17.3%
8.3%R$9.80R$7.00R$7.8714
Jun ’24R$7.16
R$8.59
+20.0%
8.3%R$10.00R$8.00R$7.5714
May ’24R$7.20
R$8.70
+20.8%
8.3%R$10.00R$8.00R$7.9115
Apr ’24R$7.29
R$8.80
+20.8%
11.0%R$11.50R$8.00R$10.0914
Mar ’24R$7.17
R$9.71
+35.5%
32.2%R$20.50R$8.00R$11.1114
Feb ’24R$8.41
R$10.45
+24.3%
35.4%R$20.50R$8.00R$9.2314
Analyst Price Target
Consensus Narrative from 13 Analysts
R$7.31
Fair Value
16.1% undervalued intrinsic discount
13
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/20 09:12
End of Day Share Price 2025/02/20 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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

Usinas Siderúrgicas de Minas Gerais S.A. is covered by 32 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rodrigo FerrazBanco Brascan S.A.
Leonardo CorreaBarclays
Mary Cleia da SilvaBB Banco de Investimento S.A.