B3 · BRL
FESA3
Cia de Ferro Ligas da Bahia
- Day's range
- R$9.79 – R$9.79
- Day's volume
- R$979
- 52-week range
- R$9.22 – R$13.50
Follow FESA3 on Fuolio
See how FESA3 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountFESA3 in numbers
- Market cap
- R$2.4bn
- P/E
- 23.44
- P/B
- 1.05
- Dividend yield (12m)
- 6.03%
- Net debt/EBITDA
- -1.50
The 12-month dividend yield of FESA3 is 6.03%, below its 5-year average of 12.49%.
FESA3 price history
FESA3 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -6.39% | -30.22% | -1.56% |
| Volatility (annualised) | 18.94% | 19.03% | 21.94% |
| Largest drawdown | -24.19% | -33.84% | -33.84% |
| Positive months | 7/12 | 15/36 | 30/60 |
How much did investing in FESA3 return?
R$1,000.00 invested on 01/11/2021 would be worth R$984.36 today.
- Value today in FESA3
- R$984.36
- Return over the period
- -1.56%
- Return per year
- -0.32%
- In the Ibovespa
- R$1,836.80
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
FESA3 fundamentals
Valuation
- P/E23.44
- P/B1.05
- EV/EBITDA6.73
- EV/EBIT101.74
- EV/Revenue0.91
- P/EBIT124.50
- P/S1.11
- P/OCF8.74
- P/FCF18.65
- Earnings yield0.98%
- PEG ratio—
- Earnings per shareR$0.42
- Book value per shareR$9.31
Debt
- Net debt-R$443.2m
- Net debt/EBITDA-1.50
- Net debt/Equity-0.13
- Debt/Equity0.11
- Current ratio3.61
- Quick ratio2.46
- Cash ratio1.73
Efficiency
- Gross margin16.32%
- EBITDA margin13.54%
- Operating margin0.90%
- Net margin6.80%
- Asset turnover0.50
Profitability
- ROE4.49%
- ROA3.41%
- ROIC0.68%
- Payout141.26%
Growth
- Revenue CAGR (5 years)2.99%
- Earnings CAGR (5 years)-7.88%
- Revenue growth (year)4.37%
- Earnings growth (year)-42.48%
- Revenue growth (quarter)-9.16%
- Earnings growth (quarter)-45.86%
What is FESA3's fair price?
Two classic value formulas, with today's numbers. The current price is R$9.79.
- Graham's fair price
- R$9.35
- 4.47% below the price
√(22.50 × R$0.42 × R$9.31)
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$30.54
- 211.94% above the price
R$1.83 (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.
FESA3 indicators by year
Multiples at each year's closing price; margins and returns from that year's accounts.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 20.96 | 12.29 | 14.37 | 4.99 | 7.83 | 39.87 | 13.31 | 6.96 |
| P/B | 1.20 | 1.21 | 1.72 | 1.74 | 2.12 | 1.57 | 1.60 | 1.23 |
| EV/EBITDA | 10.23 | 8.47 | 9.55 | 3.58 | 5.05 | 6.63 | 8.93 | 4.31 |
| Dividend yield | 2.46% | 4.20% | 16.01% | 33.00% | 6.79% | 8.85% | 15.14% | 19.68% |
| Earnings per share | R$0.53 | R$0.93 | R$4.33 | R$12.03 | R$7.28 | R$0.79 | R$2.50 | R$3.50 |
| Book value per share | R$9.30 | R$9.46 | R$36.14 | R$34.43 | R$26.84 | R$20.06 | R$20.81 | R$19.80 |
| ROE | 5.73% | 9.80% | 11.99% | 34.93% | 27.12% | 3.94% | 12.03% | 17.65% |
| ROIC | 1.77% | 5.90% | 10.43% | 39.47% | 33.76% | 13.46% | 7.20% | 17.90% |
| Gross margin | 17.61% | 21.07% | 24.87% | 46.29% | 43.25% | 27.37% | 20.20% | 34.95% |
| EBITDA margin | 13.92% | 19.01% | 21.34% | 42.50% | 40.09% | 28.16% | 28.55% | 37.85% |
| Net margin | 8.07% | 14.64% | 15.71% | 33.84% | 26.90% | 4.30% | 17.29% | 22.36% |
| Net debt/EBITDA | -1.92 | -1.00 | -1.03 | -0.40 | -0.21 | 0.54 | 0.88 | 0.20 |
FESA3 financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$2.3bn | R$2.2bn | R$2.4bn | R$3.1bn | R$2.4bn | R$1.6bn |
| Cost of sales | -R$1.9bn | -R$1.8bn | -R$1.8bn | -R$1.7bn | -R$1.4bn | -R$1.2bn |
| Gross profit | R$411.1m | R$471.2m | R$605.7m | R$1.5bn | R$1bn | R$443.9m |
| EBITDA | R$325m | R$425.3m | R$519.8m | R$1.3bn | R$958m | R$456.7m |
| EBIT | R$47.1m | R$171.9m | R$303.7m | R$1.2bn | R$800.8m | R$278.9m |
| Net finance result | R$125.7m | R$147.9m | R$115.9m | R$83.4m | -R$99.2m | -R$207m |
| Profit before tax | R$172.8m | R$319.8m | R$419.6m | R$1.2bn | R$701.7m | R$71.9m |
| Income tax | R$15.9m | R$7.9m | -R$36.8m | -R$181.9m | -R$58.8m | -R$1.9m |
| Net income | R$188.4m | R$327.5m | R$382.6m | R$1.1bn | R$642.9m | R$69.8m |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does FESA3 pay dividends?
Dividend yield per year
- 34.48%2017
- 19.68%2018
- 15.14%2019
- 8.85%2020
- 6.79%2021
- 33.00%2022
- 16.01%2023
- 4.20%2024
- 2.46%2025
- 3.96%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 05/11/2025 | 12/06/2026 | R$0.39 |
| Interest on equity | 05/11/2025 | 05/12/2025 | R$0.20 |
| Interest on equity | 02/09/2025 | 18/09/2025 | R$0.05 |
| Interest on equity | 05/06/2025 | 18/06/2025 | R$0.02 |
| Interest on equity | 17/12/2024 | 27/12/2024 | R$0.33 |
| Interest on equity | 05/12/2024 | 20/12/2024 | R$0.05 |
| Interest on equity | 05/09/2024 | 20/09/2024 | R$0.05 |
| Interest on equity | 05/06/2024 | 20/06/2024 | R$0.05 |
| Interest on equity | 18/12/2023 | 27/12/2023 | R$0.77 |
| Interest on equity | 07/12/2023 | 22/12/2023 | R$0.46 |
| Interest on equity | 06/09/2023 | 22/09/2023 | R$0.46 |
| Interest on equity | 07/06/2023 | 22/06/2023 | R$0.80 |
See all 79 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 19/12/2022 | 29/12/2022 | R$0.05 |
| Dividend | 19/12/2022 | 29/12/2022 | R$0.90 |
| Dividend | 08/12/2022 | 23/12/2022 | R$0.43 |
| Interest on equity | 08/12/2022 | 23/12/2022 | R$0.34 |
| Dividend | 08/09/2022 | 29/09/2022 | R$0.52 |
| Interest on equity | 08/09/2022 | 29/09/2022 | R$0.37 |
| Interest on equity | 09/06/2022 | 29/06/2022 | R$0.57 |
| Dividend | 09/06/2022 | 29/06/2022 | R$0.29 |
| Dividend | 26/04/2022 | 12/05/2022 | R$0.96 |
| Dividend | 26/04/2022 | 04/05/2022 | R$0.47 |
| Interest on equity | 03/01/2022 | 26/01/2022 | R$0.06 |
| Interest on equity | 07/12/2021 | 22/12/2021 | R$0.22 |
| Interest on equity | 08/09/2021 | 17/09/2021 | R$0.35 |
| Interest on equity | 04/06/2021 | 22/06/2021 | R$0.19 |
| Interest on equity | 29/12/2020 | 19/02/2021 | R$0.20 |
| Interest on equity | 04/12/2020 | 22/12/2020 | R$0.49 |
| Interest on equity | 04/09/2020 | 22/09/2020 | R$0.15 |
| Interest on equity | 27/12/2019 | 24/01/2020 | R$0.06 |
| Interest on equity | 06/12/2019 | 20/12/2019 | R$0.39 |
| Interest on equity | 05/09/2019 | 20/09/2019 | R$0.26 |
| Interest on equity | 06/06/2019 | 19/06/2019 | R$0.30 |
| Dividend | 02/05/2019 | 20/05/2019 | R$0.22 |
| Interest on equity | 27/12/2018 | 22/01/2019 | R$0.09 |
| Interest on equity | 07/12/2018 | 20/12/2018 | R$0.36 |
| Interest on equity | 06/09/2018 | 20/09/2018 | R$0.35 |
| Interest on equity | 07/06/2018 | 20/06/2018 | R$0.27 |
| Interest on equity | 28/12/2017 | 18/01/2018 | R$0.22 |
| Interest on equity | 08/12/2017 | 18/12/2017 | R$0.25 |
| Interest on equity | 15/09/2017 | 28/09/2017 | R$0.25 |
| Interest on equity | 17/07/2017 | 25/07/2017 | R$0.27 |
| Dividend | 05/05/2017 | 19/05/2017 | R$0.14 |
| Interest on equity | 14/12/2016 | 19/01/2017 | R$0.72 |
| Interest on equity | 22/12/2015 | 18/01/2016 | R$0.32 |
| Interest on equity | 25/08/2015 | 16/09/2015 | R$0.51 |
| Dividend | 28/04/2015 | 07/05/2015 | R$0.01 |
| Interest on equity | 23/12/2014 | 08/01/2015 | R$0.06 |
| Interest on equity | 04/08/2014 | 11/08/2014 | R$0.15 |
| Dividend | 28/04/2014 | 15/05/2014 | R$0.04 |
| Interest on equity | 18/12/2013 | 18/03/2014 | R$0.15 |
| Dividend | 24/04/2013 | 08/05/2013 | R$0.02 |
| Interest on equity | 29/11/2012 | 18/03/2013 | R$0.20 |
| Dividend | 24/04/2012 | 18/03/2013 | R$0.01 |
| Interest on equity | 24/11/2011 | 16/03/2012 | R$0.23 |
| Dividend | 29/04/2011 | 16/05/2011 | R$0.08 |
| Interest on equity | 28/10/2010 | 17/01/2011 | R$0.23 |
| Dividend | 23/04/2010 | 10/05/2010 | R$0.01 |
| Interest on equity | 18/12/2009 | 18/01/2010 | R$0.09 |
| Dividend | 14/04/2009 | 27/04/2009 | R$0.36 |
| Interest on equity | 13/08/2008 | 29/08/2008 | R$0.38 |
| Dividend | 29/04/2008 | 12/05/2008 | R$0.67 |
| Interest on equity | 14/12/2007 | 14/01/2008 | R$0.96 |
| Dividend | 27/04/2017 | — | R$0.02 |
| Dividend | 27/04/2017 | — | R$0.12 |
| Dividend | 10/04/2007 | — | R$0.35 |
| Interest on equity | 06/12/2006 | — | R$0.40 |
| Dividend | 18/04/2006 | — | R$0.96 |
| Dividend | 04/04/2005 | — | R$20.60 |
| Dividend | 02/04/2004 | — | R$17.10 |
| Dividend | 06/03/2003 | — | R$9.35 |
| Dividend | 12/04/2002 | — | R$8.13 |
| Dividend | 26/04/2001 | — | R$4.14 |
| Dividend | 27/04/2000 | — | R$2.08 |
| Dividend | 03/12/1999 | — | R$1.00 |
| Dividend | 30/04/1999 | — | R$0.31 |
| Dividend | 30/04/1998 | — | R$0.53 |
| Dividend | 30/04/1997 | — | R$1.67 |
| Dividend | 12/04/1996 | — | R$2.00 |
| Event | Last day to own | Ratio |
|---|---|---|
| Split | 23/01/2024 | 4 for 1 |
| Split | 21/07/2008 | 8 for 1 |
| Share consolidation | 05/05/2005 | 1 for 100 |
| Bonus shares | 26/12/1989 | 900.00% in shares |
| Bonus shares | 15/12/1989 | 900.00% in shares |
About Cia De Ferro Ligas Da Bahia
- Sector
- Materiais Básicos
- Segment
- Siderurgia
- Listing segment
- Level 1
- Tag along
- 80.00%
- Free float
- 45.31%
- Shares issued
- 117.73m ordinary · 235.45m preferred
- Average daily trading
- R$5.4k
- Listed since
- 01/01/1977
- CNPJ
- 15.141.799/0001-03
A Companhia de Ferro Ligas da Bahia (Ferbasa) produz e comercializa ferroligas e matérias-primas metálicas, com destaque para ferrocromo e ferrossilício, destinados principalmente às cadeias siderúrgicas e metalúrgicas. A companhia opera mineração de cromita, metalurgia e ativos florestais/energéticos de suporte, com vendas no mercado interno e exportação. Fundada em 1961, a empresa possui integração vertical parcial entre extração mineral, transformação industrial e logística, o que influencia estrutura de custos e flexibilidade comercial. O desempenho é impactado por preços internacionais de ligas e minério, câmbio, custo de energia elétrica e nível de atividade da indústria do aço inox e carbono. A geração de caixa também depende de disciplina de capital e de produtividade operacional nas unidades da Bahia.
Investor website| Shareholder | Ordinary | Preferred | Total |
|---|---|---|---|
| Fundação José CarvalhoControlling | 98.83% | 26.48% | 50.60% |
| Outros | 1.06% | 67.50% | 45.35% |
| Ações Tesouraria | 0.11% | 6.02% | 4.05% |
Questions about FESA3
How much is FESA3 today?
FESA3 is at R$9.79 (-0.20% on the day), last traded on 02/10/2026.
How much did FESA3 pay in dividends in 2025?
FESA3 paid R$0.28 per share in 2025, a dividend yield of 2.46%.
What are the P/E and P/B of FESA3?
FESA3 trades at a P/E of 23.44 and a P/B of 1.05.
How much did FESA3 return in 12 months?
FESA3 returned -6.39% in 12 months, with annualised volatility of 18.94% and a largest drawdown of -24.19%.
What sector is FESA3 in?
Cia De Ferro Ligas Da Bahia is in the Materiais Básicos sector, Siderurgia segment.