Companhia Siderurgica Nacional SA
BOVESPA:CSNA3
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EV/EBIT
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.
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.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (7.4), the stock would be worth R$7.15 (8% upside from current price).
| 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%
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| 5-Year Average | 6.4 | R$6.23 |
-6%
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| Industry Average | 7.8 | R$7.57 |
+14%
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| 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 | ||
|---|---|---|---|---|
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R$34.4B
|
/ |
Jan 2026
R$5.2B
|
= |
|
|
R$34.4B
|
/ |
Dec 2026
R$6.4B
|
= |
|
|
R$34.4B
|
/ |
Dec 2027
R$6.3B
|
= |
|
Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| BR |
|
Companhia Siderurgica Nacional SA
BOVESPA:CSNA3
|
8.8B BRL | 6.8 | -4.5 | |
| ZA |
K
|
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 |
F
|
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
| Min | 0.4 |
| 30th Percentile | 6.8 |
| Median | 8.3 |
| 70th Percentile | 11.3 |
| Max | 288 |
Other Multiples
Companhia Siderurgica Nacional SA
Glance View
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.