B3 · BRL
FESA3
Cia de Ferro Ligas da Bahia
- Day's range
- R$9.75 – R$9.99
- Day's volume
- R$9.8K
- 52-week range
- R$9.22 – R$13.50
Follow FESA3 in the 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$2.4B
- P/E
- 23.49
- P/B
- 1.05
- Dividend yield (12m)
- 6.01%
- Net debt/EBITDA
- -1.50
The 12-month dividend yield of FESA3 is 6.01%, 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 | -3.21% | -17.30% | +1.51% |
| Volatility (annualized) | 21.20% | 20.76% | 22.31% |
| Largest drawdown | -24.19% | -33.84% | -33.84% |
| Positive months | 7/12 | 16/36 | 30/60 |
How much did investing in FESA3 return?
R$1,000.00 invested on 09/01/2021 would be worth R$1,015.15 today.
- Value today in FESA3
- R$1,015.15
- Return over the period
- +1.51%
- Return per year
- +0.30%
- 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.
FESA3 fundamentals
Valuation
- P/E23.49
- P/B1.05
- EV/EBITDA6.66
- EV/EBIT100.77
- EV/Revenue0.90
- P/EBIT123.53
- P/S1.11
- P/OCF8.67
- P/FCF18.50
- Earnings yield0.99%
- 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$9.81.
- Graham's fair price
- R$9.35
- 4.66% 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
- 211.31% above the price
R$1.83 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
FESA3's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| 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's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$2.3B | R$2.2B | R$2.4B | R$3.1B | R$2.4B | R$1.6B |
| Cost of revenue | -R$1.9B | -R$1.8B | -R$1.8B | -R$1.7B | -R$1.4B | -R$1.2B |
| Gross profit | R$411.1M | R$471.2M | R$605.7M | R$1.5B | R$1B | R$443.9M |
| EBITDA | R$325M | R$425.3M | R$519.8M | R$1.3B | R$958M | R$456.7M |
| EBIT | R$47.1M | R$171.9M | R$303.7M | R$1.2B | R$800.8M | R$278.9M |
| Financial result | R$125.7M | R$147.9M | R$115.9M | R$83.4M | -R$99.2M | -R$207M |
| Income before tax | R$172.8M | R$319.8M | R$419.6M | R$1.2B | 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$1.1B | R$642.9M | R$69.8M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
FESA3 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 |
|---|---|---|---|---|---|
| FESA3Cia Ferro Ligas Da Bahia - Ferbasa | 23.49 | 1.05 | 6.01% | 4.49% | R$2.4B |
| VALE3VALE S.A. | 29.93 | 1.58 | 8.03% | 5.27% | R$310.3B |
| GGBR4GERDAU S.A. | 21.46 | 0.90 | 3.26% | 4.18% | R$45.4B |
| GGBR3GERDAU S.A. | 18.25 | 0.76 | 3.83% | 4.18% | R$45.4B |
| CMIN3CSN MINERAÇÃO S.A. | 11.66 | 3.71 | 7.70% | 31.79% | R$27.2B |
| KLBN4KLABIN S.A. | 127.00 | 2.37 | 6.52% | 1.86% | R$22.8B |
| KLBN3KLABIN S.A. | 132.29 | 2.47 | 6.25% | 1.86% | R$22.8B |
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
- 3.95%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 11/05/2025 | 06/12/2026 | R$0.39 |
| Interest on equity | 11/05/2025 | 12/05/2025 | R$0.20 |
| Interest on equity | 09/02/2025 | 09/18/2025 | R$0.05 |
| Interest on equity | 06/05/2025 | 06/18/2025 | R$0.02 |
| Interest on equity | 12/17/2024 | 12/27/2024 | R$0.33 |
| Interest on equity | 12/05/2024 | 12/20/2024 | R$0.05 |
| Interest on equity | 09/05/2024 | 09/20/2024 | R$0.05 |
| Interest on equity | 06/05/2024 | 06/20/2024 | R$0.05 |
| Interest on equity | 12/18/2023 | 12/27/2023 | R$0.77 |
| Interest on equity | 12/07/2023 | 12/22/2023 | R$0.46 |
| Interest on equity | 09/06/2023 | 09/22/2023 | R$0.46 |
| Interest on equity | 06/07/2023 | 06/22/2023 | R$0.80 |
See all 79 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 12/19/2022 | 12/29/2022 | R$0.05 |
| Dividend | 12/19/2022 | 12/29/2022 | R$0.90 |
| Dividend | 12/08/2022 | 12/23/2022 | R$0.43 |
| Interest on equity | 12/08/2022 | 12/23/2022 | R$0.34 |
| Dividend | 09/08/2022 | 09/29/2022 | R$0.52 |
| Interest on equity | 09/08/2022 | 09/29/2022 | R$0.37 |
| Interest on equity | 06/09/2022 | 06/29/2022 | R$0.57 |
| Dividend | 06/09/2022 | 06/29/2022 | R$0.29 |
| Dividend | 04/26/2022 | 05/12/2022 | R$0.96 |
| Dividend | 04/26/2022 | 05/04/2022 | R$0.47 |
| Interest on equity | 01/03/2022 | 01/26/2022 | R$0.06 |
| Interest on equity | 12/07/2021 | 12/22/2021 | R$0.22 |
| Interest on equity | 09/08/2021 | 09/17/2021 | R$0.35 |
| Interest on equity | 06/04/2021 | 06/22/2021 | R$0.19 |
| Interest on equity | 12/29/2020 | 02/19/2021 | R$0.20 |
| Interest on equity | 12/04/2020 | 12/22/2020 | R$0.49 |
| Interest on equity | 09/04/2020 | 09/22/2020 | R$0.15 |
| Interest on equity | 12/27/2019 | 01/24/2020 | R$0.06 |
| Interest on equity | 12/06/2019 | 12/20/2019 | R$0.39 |
| Interest on equity | 09/05/2019 | 09/20/2019 | R$0.26 |
| Interest on equity | 06/06/2019 | 06/19/2019 | R$0.30 |
| Dividend | 05/02/2019 | 05/20/2019 | R$0.22 |
| Interest on equity | 12/27/2018 | 01/22/2019 | R$0.09 |
| Interest on equity | 12/07/2018 | 12/20/2018 | R$0.36 |
| Interest on equity | 09/06/2018 | 09/20/2018 | R$0.35 |
| Interest on equity | 06/07/2018 | 06/20/2018 | R$0.27 |
| Interest on equity | 12/28/2017 | 01/18/2018 | R$0.22 |
| Interest on equity | 12/08/2017 | 12/18/2017 | R$0.25 |
| Interest on equity | 09/15/2017 | 09/28/2017 | R$0.25 |
| Interest on equity | 07/17/2017 | 07/25/2017 | R$0.27 |
| Dividend | 05/05/2017 | 05/19/2017 | R$0.14 |
| Interest on equity | 12/14/2016 | 01/19/2017 | R$0.72 |
| Interest on equity | 12/22/2015 | 01/18/2016 | R$0.32 |
| Interest on equity | 08/25/2015 | 09/16/2015 | R$0.51 |
| Dividend | 04/28/2015 | 05/07/2015 | R$0.01 |
| Interest on equity | 12/23/2014 | 01/08/2015 | R$0.06 |
| Interest on equity | 08/04/2014 | 08/11/2014 | R$0.15 |
| Dividend | 04/28/2014 | 05/15/2014 | R$0.04 |
| Interest on equity | 12/18/2013 | 03/18/2014 | R$0.15 |
| Dividend | 04/24/2013 | 05/08/2013 | R$0.02 |
| Interest on equity | 11/29/2012 | 03/18/2013 | R$0.20 |
| Dividend | 04/24/2012 | 03/18/2013 | R$0.01 |
| Interest on equity | 11/24/2011 | 03/16/2012 | R$0.23 |
| Dividend | 04/29/2011 | 05/16/2011 | R$0.08 |
| Interest on equity | 10/28/2010 | 01/17/2011 | R$0.23 |
| Dividend | 04/23/2010 | 05/10/2010 | R$0.01 |
| Interest on equity | 12/18/2009 | 01/18/2010 | R$0.09 |
| Dividend | 04/14/2009 | 04/27/2009 | R$0.36 |
| Interest on equity | 08/13/2008 | 08/29/2008 | R$0.38 |
| Dividend | 04/29/2008 | 05/12/2008 | R$0.67 |
| Interest on equity | 12/14/2007 | 01/14/2008 | R$0.96 |
| Dividend | 04/27/2017 | — | R$0.02 |
| Dividend | 04/27/2017 | — | R$0.12 |
| Dividend | 04/10/2007 | — | R$0.35 |
| Interest on equity | 12/06/2006 | — | R$0.40 |
| Dividend | 04/18/2006 | — | R$0.96 |
| Dividend | 04/04/2005 | — | R$20.60 |
| Dividend | 04/02/2004 | — | R$17.10 |
| Dividend | 03/06/2003 | — | R$9.35 |
| Dividend | 04/12/2002 | — | R$8.13 |
| Dividend | 04/26/2001 | — | R$4.14 |
| Dividend | 04/27/2000 | — | R$2.08 |
| Dividend | 12/03/1999 | — | R$1.00 |
| Dividend | 04/30/1999 | — | R$0.31 |
| Dividend | 04/30/1998 | — | R$0.53 |
| Dividend | 04/30/1997 | — | R$1.67 |
| Dividend | 04/12/1996 | — | R$2.00 |
| Event | Last day to own | Ratio |
|---|---|---|
| Split | 01/23/2024 | 4 for 1 |
| Split | 07/21/2008 | 8 for 1 |
| Reverse split | 05/05/2005 | 1 for 100 |
| Bonus shares | 12/26/1989 | 900.00% in shares |
| Bonus shares | 12/15/1989 | 900.00% in shares |
About Cia Ferro Ligas Da Bahia - Ferbasa
- Sector
- Materiais Básicos
- Segment
- Siderurgia
- Listing segment
- Level 1
- Tag along
- 80.00%
- Free float
- 45.31%
- Shares issued
- 117.73M common · 235.45M preferred
- Average daily trading
- R$5.5K
- 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 | Common | 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$9.81 (-1.80% on the day), last traded on 10/01/2026.
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 23.49 and a P/B of 1.05.
How much did FESA3 return in 12 months?
FESA3 returned -3.21% in 12 months, with annualized volatility of 21.20% and a largest drawdown of -24.19%.
What sector is FESA3 in?
Cia Ferro Ligas Da Bahia - Ferbasa is in the Materiais Básicos sector, Siderurgia segment.