B3 · BRL
USIM3
Usinas Siderurgicas de Minas Gerais SA-Usiminas
- Day's range
- R$6.43 – R$6.64
- Day's volume
- R$5.3m
- 52-week range
- R$4.23 – R$10.95
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See how USIM3 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountUSIM3 in numbers
- Market cap
- R$8.4bn
- P/E
- -3.51
- P/B
- 0.39
- Dividend yield (12m)
- 0.00%
- Net debt/EBITDA
- 18.20
USIM3 price history
USIM3 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +51.07% | -5.31% | -53.52% |
| Volatility (annualised) | 59.47% | 47.70% | 42.34% |
| Largest drawdown | -36.84% | -60.39% | -69.74% |
| Positive months | 7/12 | 16/36 | 26/60 |
How much did investing in USIM3 return?
R$1,000.00 invested on 01/09/2021 would be worth R$464.81 today.
- Value today in USIM3
- R$464.81
- Return over the period
- -53.52%
- Return per year
- -14.21%
- In the Ibovespa
- R$1,657.66
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
USIM3 fundamentals
Valuation
- P/E-3.51
- P/B0.39
- EV/EBITDA69.27
- EV/EBIT-11.63
- EV/Revenue0.46
- P/EBIT-8.58
- P/S0.34
- P/OCF3.09
- P/FCF8.93
- Earnings yield-8.60%
- PEG ratio—
- Earnings per share-R$1.85
- Book value per shareR$16.56
Debt
- Net debtR$3bn
- Net debt/EBITDA18.20
- Net debt/Equity0.13
- Debt/Equity0.42
- Current ratio4.44
- Quick ratio2.87
- Cash ratio1.81
Efficiency
- Gross margin9.82%
- EBITDA margin0.67%
- Operating margin-3.96%
- Net margin-8.27%
- Asset turnover0.71
Profitability
- ROE-11.18%
- ROA-5.84%
- ROIC-3.69%
- Payout—
Growth
- Revenue CAGR (5 years)-1.34%
- Earnings CAGR (5 years)—
- Revenue growth (year)1.52%
- Earnings growth (year)-2,009.13%
- Revenue growth (quarter)-7.47%
- Earnings growth (quarter)-716.93%
What is USIM3's fair price?
Two classic value formulas, with today's numbers. The current price is R$6.50.
- Graham's fair price
- —
- Does not apply to USIM3: 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$8.08
- 24.32% above the price
R$0.48 (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.
USIM3 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 | -2.43 | -45.68 | 8.29 | 5.75 | 2.01 | 29.22 | 57.99 | 19.73 |
| P/B | 0.32 | 0.25 | 0.43 | 0.36 | 0.75 | 1.17 | 0.79 | 0.91 |
| EV/EBITDA | — | 6.68 | 7.33 | 3.54 | 1.57 | 5.79 | 9.03 | 8.92 |
| Dividend yield | 0.00% | 4.84% | 3.25% | 7.72% | 8.90% | 0.25% | 1.47% | 0.38% |
| Earnings per share | -R$2.46 | -R$0.12 | R$1.11 | R$1.29 | R$7.24 | R$0.54 | R$0.17 | R$0.58 |
| Book value per share | R$18.91 | R$21.29 | R$21.19 | R$20.66 | R$19.44 | R$13.44 | R$12.42 | R$12.53 |
| ROE | -12.99% | -0.55% | 5.24% | 6.24% | 37.24% | 4.00% | 1.37% | 4.63% |
| ROIC | -5.10% | 0.00% | 2.79% | 5.82% | 36.50% | 10.28% | 3.90% | 3.69% |
| Gross margin | 8.32% | 6.42% | 6.47% | 17.49% | 33.42% | 20.24% | 12.54% | 16.13% |
| EBITDA margin | -0.34% | 6.67% | 6.73% | 10.99% | 36.97% | 24.42% | 13.01% | 15.81% |
| Net margin | -11.72% | -0.56% | 5.03% | 4.98% | 26.89% | 4.18% | 1.43% | 5.29% |
| Net debt/EBITDA | — | 2.81 | 1.14 | 0.93 | 0.11 | 0.79 | 2.67 | 2.32 |
USIM3 financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$26.3bn | R$25.9bn | R$27.6bn | R$32.5bn | R$33.7bn | R$16.1bn |
| Cost of sales | -R$24.1bn | -R$24.2bn | -R$25.9bn | -R$26.8bn | -R$22.5bn | -R$12.8bn |
| Gross profit | R$2.2bn | R$1.7bn | R$1.8bn | R$5.7bn | R$11.3bn | R$3.3bn |
| EBITDA | -R$89.1m | R$1.7bn | R$1.9bn | R$3.6bn | R$12.5bn | R$3.9bn |
| EBIT | -R$1.4bn | R$499.6m | R$799.4m | R$2.7bn | R$11.5bn | R$2.9bn |
| Net finance result | -R$116.9m | -R$595.2m | R$366.4m | R$612.5m | R$845.8m | -R$1.1bn |
| Profit before tax | -R$1.5bn | -R$95.6m | R$1.2bn | R$3.3bn | R$12.3bn | R$1.8bn |
| Income tax | -R$1.4bn | R$98.9m | R$474.5m | -R$1.2bn | -R$2.3bn | -R$554.2m |
| Net income | -R$3.1bn | -R$145.9m | R$1.4bn | R$1.6bn | R$9.1bn | R$672.8m |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
USIM3 against its sector
The same indicators for the company's other shares and the sector's largest stocks.
| Stock | P/E | P/B | Dividend yield (12m) | ROE | Market cap |
|---|---|---|---|---|---|
| USIM3Usinas Sid De Minas Gerais | -3.51 | 0.39 | 0.00% | -11.18% | R$8.4bn |
| VALE3VALE S.A. | 29.93 | 1.58 | 8.03% | 5.27% | R$310.3bn |
| GGBR4GERDAU S.A. | 21.46 | 0.90 | 3.26% | 4.18% | R$45.4bn |
| GGBR3GERDAU S.A. | 18.25 | 0.76 | 3.83% | 4.18% | R$45.4bn |
| CMIN3CSN MINERAÇÃO S.A. | 11.66 | 3.71 | 7.70% | 31.79% | R$27.2bn |
| KLBN4KLABIN S.A. | 127.00 | 2.37 | 6.52% | 1.86% | R$22.8bn |
| KLBN3KLABIN S.A. | 132.29 | 2.47 | 6.25% | 1.86% | R$22.8bn |
Does USIM3 pay dividends?
Dividend yield per year
- 0.00%2017
- 0.38%2018
- 1.47%2019
- 0.25%2020
- 8.90%2021
- 7.72%2022
- 3.25%2023
- 4.84%2024
- 0.00%2025
- 0.00%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 25/04/2024 | 24/06/2024 | R$0.26 |
| Dividend | 27/04/2023 | 27/06/2023 | R$0.30 |
| Dividend | 28/04/2022 | 27/06/2022 | R$0.57 |
| Interest on equity | 15/12/2021 | 30/12/2021 | R$0.18 |
| Interest on equity | 31/08/2021 | 05/10/2021 | R$0.35 |
| Dividend | 31/08/2021 | 05/10/2021 | R$0.65 |
| Dividend | 25/05/2021 | 07/06/2021 | R$0.00 |
| Dividend | 29/04/2021 | 31/05/2021 | R$0.12 |
| Dividend | 28/04/2020 | 29/05/2020 | R$0.04 |
| Interest on equity | 03/07/2019 | 15/07/2019 | R$0.01 |
| Dividend | 23/04/2019 | 31/05/2019 | R$0.06 |
| Interest on equity | 07/01/2019 | 31/05/2019 | R$0.07 |
See all 55 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 25/04/2018 | 30/05/2018 | R$0.04 |
| Dividend | 28/04/2015 | 25/06/2015 | R$0.03 |
| Interest on equity | 21/03/2011 | 04/04/2011 | R$0.14 |
| Dividend | 25/03/2010 | 03/05/2010 | R$0.14 |
| Interest on equity | 29/12/2009 | 03/05/2010 | R$0.59 |
| Interest on equity | 03/08/2009 | 18/08/2009 | R$0.17 |
| Dividend | 05/03/2009 | 02/04/2009 | R$0.45 |
| Interest on equity | 29/12/2008 | 02/04/2009 | R$0.72 |
| Dividend | 20/08/2008 | 02/09/2008 | R$0.28 |
| Interest on equity | 20/08/2008 | 02/09/2008 | R$0.74 |
| Dividend | 26/03/2008 | 09/04/2008 | R$0.86 |
| Interest on equity | 27/12/2007 | 09/04/2008 | R$0.91 |
| Interest on equity | 14/08/2007 | 22/08/2007 | R$1.44 |
| Dividend | 14/08/2007 | 22/08/2007 | R$0.76 |
| Dividend | 30/03/2007 | 11/04/2007 | R$0.87 |
| Interest on equity | 28/12/2006 | 11/04/2007 | R$1.30 |
| Interest on equity | 31/08/2006 | 12/09/2006 | R$1.52 |
| Dividend | 14/03/2006 | 12/04/2006 | R$1.33 |
| Interest on equity | 29/12/2005 | 12/04/2006 | R$1.13 |
| Dividend | 31/08/2005 | 20/09/2005 | R$1.17 |
| Interest on equity | 31/08/2005 | 20/09/2005 | R$1.22 |
| Dividend | 01/03/2005 | 05/04/2005 | R$2.93 |
| Interest on equity | 29/12/2004 | 05/04/2005 | R$0.54 |
| Interest on equity | 27/08/2004 | 14/09/2004 | R$1.17 |
| Dividend | 15/03/2004 | 25/03/2004 | R$0.20 |
| Interest on equity | 29/12/2003 | 25/03/2004 | R$1.20 |
| Interest on equity | 11/07/2003 | 01/08/2003 | R$0.37 |
| Dividend | 08/03/2002 | 09/04/2002 | R$0.22 |
| Dividend | 24/08/2001 | 11/09/2001 | R$0.20 |
| Interest on equity | 09/03/2001 | 26/03/2001 | R$0.24 |
| Dividend | 23/08/2000 | 14/09/2000 | R$0.18 |
| Dividend | 03/03/2000 | 23/03/2000 | R$0.18 |
| Dividend | 27/08/1999 | 20/09/1999 | R$0.18 |
| Interest on equity | 19/03/2012 | — | R$0.08 |
| Interest on equity | 29/12/2010 | — | R$0.17 |
| Interest on equity | 07/10/2010 | — | R$0.22 |
| Interest on equity | 27/11/1998 | — | R$0.28 |
| Interest on equity | 28/08/1998 | — | R$0.36 |
| Interest on equity | 30/12/1997 | — | R$0.50 |
| Interest on equity | 29/08/1997 | — | R$0.34 |
| Dividend | 07/03/1997 | — | R$0.05 |
| Dividend | 15/08/1996 | — | R$0.02 |
| Dividend | 07/03/1996 | — | R$0.05 |
| Event | Last day to own | Ratio |
|---|---|---|
| Split | 27/09/2010 | 2 for 1 |
| Bonus shares | 29/04/2008 | 50.00% in shares |
| Split | 27/11/2007 | 3 for 2 |
| Share consolidation | 01/02/1999 | 1 for 200 |
About Usinas Sid De Minas Gerais
- Sector
- Materiais Básicos
- Segment
- Siderurgia
- Listing segment
- Level 1
- Tag along
- 80.00%
- Free float
- 54.75%
- Shares issued
- 705.26m ordinary · 547.82m preferred
- Average daily trading
- R$5.4m
- Listed since
- 18/04/1994
- CNPJ
- 60.894.730/0001-05
Usiminas S.A. é uma empresa brasileira siderúrgica, especializada na produção de aço e produtos siderúrgicos para diversos segmentos industriais. Fundada em 1962, a Usiminas é uma das principais siderúrgicas do Brasil, operando com tecnologia avançada e padrões internacionais de qualidade. A companhia produz aço laminado, aço galvanizado, aço revestido e outros produtos siderúrgicos, atendendo mercados doméstico e internacional. A Usiminas é um importante player na indústria siderúrgica brasileira, operando com foco em inovação e qualidade de seus produtos. Com receita anual superior a R$ 15 bilhões, a companhia é uma das maiores siderúrgicas do Brasil e exporta seus produtos para diversos países. A empresa está comprometida com sustentabilidade ambiental, inovação tecnológica e qualidade de seus produtos siderúrgicos.
Investor website| Shareholder | Ordinary | Preferred | Total |
|---|---|---|---|
| Ternium Investiments S.àr.lControlling | 56.20% | 1.28% | 32.19% |
| Confab Industrial S.A.Controlling | 6.74% | 0.23% | 3.89% |
| Prosid Investiments S.C.A.Controlling | 5.39% | 0.19% | 3.12% |
| VERA CRUZ FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 5.14% | 0.09% | 2.93% |
| Previdência UsiminasControlling | 4.84% | 0.00% | 2.72% |
| Kapitalo Investimentos Ltda. | 0.00% | 6.11% | 2.67% |
| PLURAL INVESTIMENTOS GESTÃO DE RECURSOS LTDA. | 0.00% | 5.05% | 2.21% |
| TERNIUM ARGENTINA SAControlling | 2.70% | 0.09% | 1.56% |
| Outros | 18.65% | 83.39% | 46.95% |
| Ações Tesouraria | 0.36% | 3.58% | 1.77% |
Questions about USIM3
How much is USIM3 today?
USIM3 is at R$6.50 (1.09% on the day), last traded on 01/10/2026.
How much did USIM3 pay in dividends in 2025?
USIM3 paid R$0.00 per share in 2025, a dividend yield of 0.00%.
What are the P/E and P/B of USIM3?
USIM3 trades at a P/E of -3.51 and a P/B of 0.39.
How much did USIM3 return in 12 months?
USIM3 returned 51.07% in 12 months, with annualised volatility of 59.47% and a largest drawdown of -36.84%.
What sector is USIM3 in?
Usinas Sid De Minas Gerais is in the Materiais Básicos sector, Siderurgia segment.