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Companhia Siderurgica Nacional SA
BOVESPA:CSNA3

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Companhia Siderurgica Nacional SA
BOVESPA:CSNA3
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Price: 6.64 BRL -2.64%
Market Cap: R$8.8B

EV/EBIT

6.8
Current
7%
Cheaper
vs 3-y average of 7.4

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
6.8
=
Enterprise Value
R$34.4B
/
EBIT
R$5.2B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
6.8
=
Enterprise Value
R$34.4B
/
EBIT
R$5.2B

Valuation Scenarios

Companhia Siderurgica Nacional SA is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (7.4), the stock would be worth R$7.15 (8% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-6%
Maximum Upside
+21%
Average Upside
9%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 6.8 R$6.64
0%
3-Year Average 7.4 R$7.15
+8%
5-Year Average 6.4 R$6.23
-6%
Industry Average 7.8 R$7.57
+14%
Country Average 8.3 R$8.02
+21%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
R$34.4B
/
Jan 2026
R$5.2B
=
6.8
Current
R$34.4B
/
Dec 2026
R$6.4B
=
5.4
Forward
R$34.4B
/
Dec 2027
R$6.3B
=
5.5
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
BR
Companhia Siderurgica Nacional SA
BOVESPA:CSNA3
8.8B BRL 6.8 -4.5
ZA
Kumba Iron Ore Ltd
JSE:KIO
102.7B ZAR 3.5 7
BR
Vale SA
BOVESPA:VALE3
372.3B BRL 6.7 26.8
US
Nucor Corp
NYSE:NUE
49B USD 19.9 28
AU
Fortescue Metals Group Ltd
ASX:FMG
65.3B AUD 8 11.8
AU
Fortescue Ltd
XMUN:FVJ
39.8B EUR 8.1 12.1
LU
ArcelorMittal SA
AEX:MT
39.4B EUR 20.2 14.4
US
Steel Dynamics Inc
NASDAQ:STLD
33.2B USD 24.6 27.7
IN
JSW Steel Ltd
NSE:JSWSTEEL
3.1T INR 21.4 40.9
IN
Tata Steel Ltd
NSE:TATASTEEL
2.7T INR 16.5 28.7
KR
Posco Holdings Inc
KRX:005490
31.6T KRW 22.5 48.1

Market Distribution

In line with most companies in Brazil
Percentile
31th
Based on 432 companies
31th percentile
6.8
Low
0.4 — 6.8
Typical Range
6.8 — 11.3
High
11.3 —
Distribution Statistics
Brazil
Min 0.4
30th Percentile 6.8
Median 8.3
70th Percentile 11.3
Max 288

Companhia Siderurgica Nacional SA
Glance View

Market Cap
8.8B 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
33.34 BRL
Undervaluation 80%
Intrinsic Value
Price R$6.64
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