` CSNA3 (Companhia Siderurgica Nacional SA) vs BOVESPA Comparison - Alpha Spread

CSNA3
vs
B
BOVESPA

Over the past 12 months, CSNA3 has underperformed BOVESPA, delivering a return of -9% compared to the BOVESPA's +30% growth.

Stocks Performance
CSNA3 vs BOVESPA

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CSNA3
BOVESPA
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Performance Gap
CSNA3 vs BOVESPA

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CSNA3
BOVESPA
Difference
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Performance By Year
CSNA3 vs BOVESPA

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Competitors Performance
Companhia Siderurgica Nacional SA vs Peers

BOVESPA
CSNA3
VALE3
FVJ
FMG
NUE
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Companhia Siderurgica Nacional SA
Glance View

Market Cap
12.7B BRL
Industry
Metals & Mining

Companhia Siderúrgica Nacional SA (CSN) stands as a towering giant within Brazil’s industrial landscape, weaving its influence through the very fabric of the nation’s steel industry. Established in 1941, amidst the backdrop of global upheaval, CSN emerged with a mission to fuel Brazil’s industrialization dreams. The company’s primary operations revolve around the production and distribution of a broad range of steel products, from flat and long steel used in automobiles and construction to tin-plated steel for packaging. Capitalizing on its integrated production system, CSN controls every aspect of its manufacturing process – from mining the iron ore in its own mines to ending with finished steel ready for market. This vertical integration not only ensures a steady supply of raw materials but also exemplifies CSN's strategy of optimizing operational efficiencies and reducing costs, fostering resilience in a cyclical industry. Beyond steel, CSN has diversified its business model, extending its reach into mining, cement, logistics, and energy. The company leans heavily on its voluminous iron ore reserves, making mining a critical profit center that bolsters its financial health. By exporting a significant portion of its iron ore production, CSN garners substantial revenue from global markets, especially from countries with insatiable industrial appetites like China. Moreover, logistics and energy operations are intricately linked to CSN's core capabilities and enhance its ability to serve far-reaching markets while minimizing supply chain disruptions. CSN’s cement unit, fueled by steel by-products, symbolizes its commitment to sustainability and innovative use of resources. Through a blend of strategic diversification and vertical integration, CSN navigates market fluctuations and maintains its standing as a central pillar in both Brazil’s economy and the global steel arena.

CSNA3 Intrinsic Value
20.54 BRL
Undervaluation 53%
Intrinsic Value
Price
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