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B3 · BRL

CSNA3

Companhia Siderurgica Nacional

R$5.81+7.59% (R$0.41)
Day's range
R$5.45 – R$5.82
Day's volume
R$167.8m
52-week range
R$4.19 – R$11.32

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See how CSNA3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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CSNA3 in numbers

Market cap
R$7.7bn
P/E
-2.93
P/B
0.63
Dividend yield (12m)
0.00%
Net debt/EBITDA
5.06

CSNA3 price history

01/10/202501/10/2026
Compare with

CSNA3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-25.19%-43.50%-69.39%
Volatility (annualised)55.88%48.44%47.48%
Largest drawdown-54.12%-73.97%-76.07%
Positive months7/1214/3623/60

How much did investing in CSNA3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$379.56 today.

Value today in CSNA3
R$379.56
Return over the period
-62.04%
Return per year
-17.62%
In the Ibovespa
R$1,794.02

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

CSNA3 fundamentals

Valuation

  • P/E
    -2.93
  • P/B
    0.63
  • EV/EBITDA
    6.05
  • EV/EBIT
    13.97
  • EV/Revenue
    1.04
  • P/EBIT
    2.29
  • P/S
    0.17
  • P/OCF
    -31.23
  • P/FCF
    -1.25
  • Earnings yield
    7.16%
  • PEG ratio
    —
  • Earnings per share
    -R$1.98
  • Book value per share
    R$9.17

Debt

  • Net debt
    R$39.1bn
  • Net debt/EBITDA
    5.06
  • Net debt/Equity
    2.56
  • Debt/Equity
    3.50
  • Current ratio
    1.15
  • Quick ratio
    0.79
  • Cash ratio
    0.55

Efficiency

  • Gross margin
    27.91%
  • EBITDA margin
    17.13%
  • Operating margin
    7.42%
  • Net margin
    -4.37%
  • Asset turnover
    0.45

Profitability

  • ROE
    -21.59%
  • ROA
    -1.96%
  • ROIC
    4.76%
  • Payout
    —

Growth

  • Revenue CAGR (5 years)
    -0.31%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    2.54%
  • Earnings growth (year)
    22.74%
  • Revenue growth (quarter)
    0.92%
  • Earnings growth (quarter)
    -16.31%

What is CSNA3's fair price?

Two classic value formulas, with today's numbers. The current price is R$5.81.

Graham's fair price
—
Does not apply to CSNA3: the formula needs positive earnings and book value.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$25.76
343.38% above the price

R$1.55 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

CSNA3 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E-5.92-4.53-81.9312.422.8511.6510.942.42
P/B0.750.761.320.881.493.931.721.22
EV/EBITDA5.545.526.234.452.117.998.664.62
Dividend yield0.00%14.30%12.65%14.11%7.64%0.99%6.73%7.29%
Earnings per share-R$1.51-R$1.95-R$0.24R$1.17R$8.83R$2.73R$1.29R$3.66
Book value per shareR$11.87R$11.66R$14.84R$16.45R$16.85R$8.11R$8.19R$7.22
ROE-12.72%-16.77%-1.62%7.12%52.44%33.72%15.75%50.67%
ROIC8.06%8.84%4.29%8.14%41.04%15.21%9.95%18.57%
Gross margin27.67%26.77%26.33%30.00%46.07%36.39%32.13%29.88%
EBITDA margin20.02%18.44%18.84%23.70%47.49%27.38%19.90%35.79%
Net margin-4.47%-5.93%-0.70%3.50%25.59%12.62%7.03%22.09%
Net debt/EBITDA4.224.063.192.610.582.624.793.12

CSNA3 financial statements

Line202520242023202220212020
Net revenueR$44.8bnR$43.7bnR$45.4bnR$44.4bnR$47.9bnR$30.1bn
Cost of sales-R$32.4bn-R$32bn-R$33.5bn-R$31.1bn-R$25.8bn-R$19.1bn
Gross profitR$12.4bnR$11.7bnR$12bnR$13.3bnR$22.1bnR$10.9bn
EBITDAR$9bnR$8.1bnR$8.6bnR$10.5bnR$22.8bnR$8.2bn
EBITR$4.8bnR$4.3bnR$5.2bnR$7.6bnR$20.5bnR$5.7bn
Net finance result-R$6.5bn-R$5.8bn-R$4.2bn-R$3.5bn-R$1.9bn-R$796.3m
Profit before tax-R$1.7bn-R$1.5bnR$1bnR$4.1bnR$18.6bnR$4.9bn
Income taxR$172.8mR$5.2m-R$632.7m-R$2bn-R$5bn-R$625.5m
Net income-R$2bn-R$2.6bn-R$318.2mR$1.6bnR$12.3bnR$3.8bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

CSNA3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
CSNA3Cia Siderurgica Nacional-2.930.630.00%-21.59%R$7.7bn
VALE3VALE S.A.29.931.588.03%5.27%R$310.3bn
GGBR4GERDAU S.A.21.460.903.26%4.18%R$45.4bn
GGBR3GERDAU S.A.18.250.763.83%4.18%R$45.4bn
CMIN3CSN MINERAÇÃO S.A.11.663.717.70%31.79%R$27.2bn
KLBN4KLABIN S.A.127.002.376.52%1.86%R$22.8bn

Does CSNA3 pay dividends?

Dividend yield per year

  • 0.00%2017
  • 7.29%2018
  • 6.73%2019
  • 0.99%2020
  • 7.64%2021
  • 14.11%2022
  • 12.65%2023
  • 14.30%2024
  • 0.00%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend21/11/202428/11/2024R$0.55
Dividend14/05/202429/05/2024R$0.72
Dividend20/11/202329/11/2023R$0.74
Dividend28/04/202317/05/2023R$0.59
Dividend28/04/202317/05/2023R$0.63
Interest on equity28/12/202217/05/2023R$0.53
Dividend25/11/202202/12/2022R$1.18
Dividend29/04/202202/12/2022R$0.34
Dividend29/04/202220/05/2022R$0.34
Interest on equity04/01/202220/05/2022R$0.19
Dividend30/07/202110/08/2021R$1.27
Dividend30/04/202112/05/2021R$0.65
See all 73 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend06/05/202031/12/2020R$0.31
Dividend06/05/202030/12/2020R$0.01
Dividend23/09/201930/09/2019R$0.30
Dividend02/05/201929/05/2019R$0.65
Dividend22/08/201830/08/2018R$0.64
Dividend11/03/201518/03/2015R$0.20
Dividend28/02/201411/03/2014R$0.58
Interest on equity01/04/201325/04/2013R$0.08
Dividend27/04/201229/06/2012R$0.82
Interest on equity29/04/201109/05/2011R$0.24
Dividend29/04/201106/05/2011R$1.03
Dividend30/04/201025/06/2010R$1.03
Interest on equity17/12/200930/04/2010R$0.34
Interest on equity30/04/200911/05/2009R$0.35
Dividend24/03/200931/03/2009R$1.98
Dividend20/08/200827/11/2008R$0.21
Dividend18/04/200805/05/2008R$1.62
Interest on equity18/04/200805/05/2008R$0.09
Interest on equity21/12/200708/01/2008R$0.53
Dividend21/12/200708/01/2008R$2.59
Dividend30/04/200704/09/2007R$1.99
Interest on equity30/04/200704/09/2007R$0.68
Dividend03/08/200610/08/2006R$1.29
Interest on equity28/04/200608/05/2006R$1.01
Dividend28/04/200608/05/2006R$0.50
Interest on equity29/04/200514/06/2005R$0.87
Dividend29/04/200514/06/2005R$7.35
Dividend14/06/200415/06/2004R$0.12
Interest on equity29/04/200411/06/2004R$3.42
Dividend29/04/200411/06/2004R$6.58
Interest on equity29/04/200311/06/2003R$4.09
Dividend29/04/200311/06/2003R$7.06
Interest on equity30/04/200210/06/2002R$1.25
Interest on equity12/04/200210/06/2002R$0.70
Interest on equity08/06/200115/06/2001R$1.81
Dividend08/06/200115/06/2001R$9.84
Dividend09/03/200115/03/2001R$13.92
Interest on equity09/03/200115/03/2001R$8.21
Interest on equity28/12/200023/02/2001R$4.60
Interest on equity28/02/200016/03/2000R$0.74
Interest on equity27/12/199910/01/2000R$0.98
Interest on equity01/06/199915/06/1999R$1.67
Dividend30/12/2014—R$0.20
Dividend28/02/2014—R$0.29
Interest on equity13/11/2013—R$0.07
Dividend13/11/2013—R$0.27
Interest on equity07/08/2013—R$0.06
Dividend07/08/2013—R$0.14
Interest on equity01/04/2013—R$0.38
Dividend27/12/2012—R$0.21
Interest on equity17/12/2009—R$0.10
Dividend23/06/2006—R$1.61
Dividend01/02/2006—R$3.64
Interest on equity17/12/1998—R$1.39
Interest on equity28/07/1998—R$2.03
Interest on equity28/04/1998—R$0.55
Interest on equity29/12/1997—R$1.50
Interest on equity29/07/1997—R$1.17
Dividend22/04/1997—R$1.16
Dividend19/08/1996—R$0.39
Dividend23/04/1996—R$0.48
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split25/03/20102 for 1
Split23/01/20083 for 1
Share consolidation28/05/20041 for 250
Bonus shares14/03/1988900.00% in shares

About Cia Siderurgica Nacional

Sector
Materiais Básicos
Segment
Siderurgia
Listing segment
Traditional
Tag along
80.00%
Free float
54.86%
Shares issued
1.33bn ordinary
Average daily trading
R$101.3m
Ibovespa weight
0.16%
Listed since
02/08/1993
CNPJ
33.042.730/0001-04

A Companhia Siderúrgica Nacional (CSN) é um grupo industrial brasileiro com atuação em siderurgia, mineração, cimento, logística e energia. A empresa opera usinas integradas de aço e ativos de minério de ferro, com presença relevante na cadeia de materiais básicos no Brasil. A operação siderúrgica inclui produtos planos e revestidos destinados a segmentos como automotivo, construção civil, distribuição e embalagens. Em paralelo, a companhia mantém integração com ativos logísticos e portuários para escoamento de minério e produtos industriais. As ações da CSN são negociadas na B3 sob o ticker CSNA3. A empresa foi fundada em 1941 e reporta aproximadamente 19 mil empregados.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
VICUNHA AÇOS S.A.Controlling41.66%0.00%41.66%
CFL Ana Participações S.A.4.57%0.00%4.57%
RIO IACO PARTICIPAÇÕES S.A.Controlling3.45%0.00%3.45%
AVELINA PARTICIPAÇÕES S.A.3.18%0.00%3.18%
Outros47.15%0.00%47.15%

Questions about CSNA3

How much is CSNA3 today?

CSNA3 is at R$5.81 (7.59% on the day), last traded on 01/10/2026.

How much did CSNA3 pay in dividends in 2025?

CSNA3 paid R$0.00 per share in 2025, a dividend yield of 0.00%.

What are the P/E and P/B of CSNA3?

CSNA3 trades at a P/E of -2.93 and a P/B of 0.63.

How much did CSNA3 return in 12 months?

CSNA3 returned -25.19% in 12 months, with annualised volatility of 55.88% and a largest drawdown of -54.12%.

What sector is CSNA3 in?

Cia Siderurgica Nacional is in the Materiais Básicos sector, Siderurgia segment.