NYSE:SID

Stock Analysis Report

Companhia Siderúrgica Nacional

Executive Summary

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

Snowflake

Fundamentals

Established dividend payer with proven track record.

Risks

  • Companhia Siderúrgica Nacional has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

-4.9%

NYSE:SID

-3.8%

US Metals and Mining

-1.0%

US Market


1 Year Return

53.7%

NYSE:SID

-15.5%

US Metals and Mining

-0.4%

US Market

SID outperformed the Metals and Mining industry which returned -15.5% over the past year.

SID outperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

SIDIndustryMarket
7 Day-4.9%-3.8%-1.0%
30 Day-24.6%-9.8%-3.3%
90 Day-6.4%0.5%0.8%
1 Year74.0%53.7%-13.0%-15.5%1.9%-0.4%
3 Year27.0%12.2%-2.9%-7.8%39.4%30.4%
5 Year-6.6%-23.1%-17.8%-24.0%54.2%37.1%

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

No news available

Valuation

Is Companhia Siderúrgica Nacional undervalued based on future cash flows and its price relative to the stock market?

17%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Companhia Siderúrgica Nacional's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Companhia Siderúrgica Nacional's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Companhia Siderúrgica Nacional is good value based on earnings compared to the US Metals and Mining industry average.

Companhia Siderúrgica Nacional is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Companhia Siderúrgica Nacional earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Companhia Siderúrgica Nacional is overvalued based on assets compared to the US Metals and Mining industry average.


Next Steps

Future Growth

How is Companhia Siderúrgica Nacional expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

-21.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Companhia Siderúrgica Nacional's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Companhia Siderúrgica Nacional's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Companhia Siderúrgica Nacional's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Companhia Siderúrgica Nacional's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Companhia Siderúrgica Nacional's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Companhia Siderúrgica Nacional is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Companhia Siderúrgica Nacional performed over the past 5 years?

65.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Companhia Siderúrgica Nacional has delivered over 20% year on year earnings growth in the past 5 years.

Companhia Siderúrgica Nacional's 1-year earnings growth is less than its 5-year average (29.9% vs 65%)

Companhia Siderúrgica Nacional's earnings growth has exceeded the US Metals and Mining industry average in the past year (29.9% vs 26.3%).


Return on Equity

Whilst Companhia Siderúrgica Nacional has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

Companhia Siderúrgica Nacional used its assets more efficiently than the US Metals and Mining industry average last year based on Return on Assets.


Return on Capital Employed

Companhia Siderúrgica Nacional has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Companhia Siderúrgica Nacional's financial position?


Financial Position Analysis

Companhia Siderúrgica Nacional is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Companhia Siderúrgica Nacional's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Companhia Siderúrgica Nacional's level of debt (230.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (424.6% vs 230.5% today).

Debt is not well covered by operating cash flow (11.7%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

What is Companhia Siderúrgica Nacional's current dividend yield, its reliability and sustainability?

4.20%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Companhia Siderúrgica Nacional's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Companhia Siderúrgica Nacional's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).


Next Steps

Management

What is the CEO of Companhia Siderúrgica Nacional's salary, the management and board of directors tenure and is there insider trading?

8.0yrs

Average management tenure


CEO

Benjamin Steinbruch (66yo)

17.3yrs

Tenure

0

Mr. Benjamin Steinbruch has been a Director of Companhia Siderúrgica Nacional (“Company”) since April, 1993, and it’s Chairman since April, 1995. Mr. Steinbruch has also been its CEO since April, 2002. Mr. ...


Management Age and Tenure

8.0yrs

Average Tenure

53yo

Average Age

The average tenure for the Companhia Siderúrgica Nacional management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

2.3yrs

Average Tenure

62.5yo

Average Age

The average tenure for the Companhia Siderúrgica Nacional board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Benjamin Steinbruch (66yo)

    President of Executive Board

    • Tenure: 17.3yrs
  • Claudia Sarti

    Secretary

    • Tenure: 0.0yrs
  • David Salama (52yo)

    Executive Officer & Member of Executive Board

    • Tenure: 8.0yrs
  • Luis Fernando Martinez (55yo)

    Executive Officer & Member of Executive Board

    • Tenure: 8.0yrs
  • Marcelo Ribeiro (41yo)

    Chief Financial & IR Officer

    • Tenure: 1.9yrs
  • Pedro Gutemberg Netto (53yo)

    Executive Officer & Member of Executive Board

    • Tenure: 3.3yrs
  • René Coelho

    Executive

    • Tenure: 0.0yrs

Board Members

  • Benjamin Steinbruch (66yo)

    President of Executive Board

    • Tenure: 17.3yrs
  • Yoshiaki Nakano (75yo)

    Director

    • Tenure: 15.3yrs
  • Tufi Filho (59yo)

    Chairman of Fiscal Council

    • Tenure: 1.2yrs
  • Antonio Vieira Maia (60yo)

    Director

    • Tenure: 6.3yrs
  • Patricia Stierli

    Member of Fiscal Council

    • Tenure: 0.3yrs
  • Fabiam Franklin (52yo)

    Director

    • Tenure: 3.3yrs
  • André Coji (65yo)

    Member of Fiscal Council

    • Tenure: 1.2yrs
  • Miguel Sobrinho

    Director

    • Tenure: 0.3yrs

Company Information

Companhia Siderúrgica Nacional's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Companhia Siderúrgica Nacional
  • Ticker: SID
  • Exchange: NYSE
  • Founded: 1941
  • Industry: Steel
  • Sector: Materials
  • Market Cap: R$19.473b
  • Listing Market Cap: R$4.876b
  • Shares outstanding: 1.38b
  • Website: https://www.csn.com.br

Number of Employees


Location

  • Companhia Siderúrgica Nacional
  • Av. Brigadeiro Faria Lima, 3400
  • 20th Floor
  • 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)SPONS ADR(1 ADR REP 1 ORD) NPVUSUSDNov 1997
CQWADB (Deutsche Boerse AG)SPONS ADR(1 ADR REP 1 ORD) NPVDEEURNov 1997
SID NBMV (Bolsa Mexicana de Valores)SPONS ADR(1 ADR REP 1 ORD) NPVMXMXNNov 1997
CQWABST (Boerse-Stuttgart)SPONS ADR(1 ADR REP 1 ORD) NPVDEEURNov 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 Analysis2019/08/18 23:36
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.