B3 · BRL

USIM3

Usinas Siderurgicas de Minas Gerais SA-Usiminas

R$6.50+1.09% (R$0.07)
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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USIM3 in numbers

Market cap
R$8.4B
P/E
-3.51
P/B
0.39
Dividend yield (12m)
0.00%
Net debt/EBITDA
18.20

USIM3 price history

10/01/202509/30/2026
Compare with

USIM3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+15.45%+1.15%-42.02%
Volatility (annualized)50.42%47.61%41.60%
Largest drawdown-36.84%-60.39%-67.86%
Positive months7/1217/3627/60

How much did investing in USIM3 return?

R$1,000.00 invested on 09/01/2021 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/B
    0.39
  • EV/EBITDA
    69.27
  • EV/EBIT
    -11.63
  • EV/Revenue
    0.46
  • P/EBIT
    -8.58
  • P/S
    0.34
  • P/OCF
    3.09
  • P/FCF
    8.93
  • Earnings yield
    -8.60%
  • PEG ratio
    —
  • Earnings per share
    -R$1.85
  • Book value per share
    R$16.56

Debt

  • Net debt
    R$3B
  • Net debt/EBITDA
    18.20
  • Net debt/Equity
    0.13
  • Debt/Equity
    0.42
  • Current ratio
    4.44
  • Quick ratio
    2.87
  • Cash ratio
    1.81

Efficiency

  • Gross margin
    9.82%
  • EBITDA margin
    0.67%
  • Operating margin
    -3.96%
  • Net margin
    -8.27%
  • Asset turnover
    0.71

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 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.

USIM3's indicators by year

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

Indicator20252024202320222021202020192018
P/E-2.43-45.688.295.752.0129.2257.9919.73
P/B0.320.250.430.360.751.170.790.91
EV/EBITDA—6.687.333.541.575.799.038.92
Dividend yield0.00%4.84%3.25%7.72%8.90%0.25%1.47%0.38%
Earnings per share-R$2.46-R$0.12R$1.11R$1.29R$7.24R$0.54R$0.17R$0.58
Book value per shareR$18.91R$21.29R$21.19R$20.66R$19.44R$13.44R$12.42R$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 margin8.32%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—2.811.140.930.110.792.672.32

USIM3's financial statements

Line202520242023202220212020
Net revenueR$26.3BR$25.9BR$27.6BR$32.5BR$33.7BR$16.1B
Cost of revenue-R$24.1B-R$24.2B-R$25.9B-R$26.8B-R$22.5B-R$12.8B
Gross profitR$2.2BR$1.7BR$1.8BR$5.7BR$11.3BR$3.3B
EBITDA-R$89.1MR$1.7BR$1.9BR$3.6BR$12.5BR$3.9B
EBIT-R$1.4BR$499.6MR$799.4MR$2.7BR$11.5BR$2.9B
Financial result-R$116.9M-R$595.2MR$366.4MR$612.5MR$845.8M-R$1.1B
Income before tax-R$1.5B-R$95.6MR$1.2BR$3.3BR$12.3BR$1.8B
Income tax-R$1.4BR$98.9MR$474.5M-R$1.2B-R$2.3B-R$554.2M
Net income-R$3.1B-R$145.9MR$1.4BR$1.6BR$9.1BR$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.

StockP/EP/BDividend yield (12m)ROEMarket cap
USIM3Usinas Sid De Minas Gerais-3.510.390.00%-11.18%R$8.4B
VALE3VALE S.A.29.931.588.03%5.27%R$310.3B
GGBR4GERDAU S.A.21.460.903.26%4.18%R$45.4B
GGBR3GERDAU S.A.18.250.763.83%4.18%R$45.4B
CMIN3CSN MINERAÇÃO S.A.11.663.717.70%31.79%R$27.2B
KLBN4KLABIN S.A.127.002.376.52%1.86%R$22.8B
KLBN3KLABIN S.A.132.292.476.25%1.86%R$22.8B

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
Payment history
TypeLast day to ownPaymentPer share
Dividend04/25/202406/24/2024R$0.26
Dividend04/27/202306/27/2023R$0.30
Dividend04/28/202206/27/2022R$0.57
Interest on equity12/15/202112/30/2021R$0.18
Interest on equity08/31/202110/05/2021R$0.35
Dividend08/31/202110/05/2021R$0.65
Dividend05/25/202106/07/2021R$0.00
Dividend04/29/202105/31/2021R$0.12
Dividend04/28/202005/29/2020R$0.04
Interest on equity07/03/201907/15/2019R$0.01
Dividend04/23/201905/31/2019R$0.06
Interest on equity01/07/201905/31/2019R$0.07
See all 55 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend04/25/201805/30/2018R$0.04
Dividend04/28/201506/25/2015R$0.03
Interest on equity03/21/201104/04/2011R$0.14
Dividend03/25/201005/03/2010R$0.14
Interest on equity12/29/200905/03/2010R$0.59
Interest on equity08/03/200908/18/2009R$0.17
Dividend03/05/200904/02/2009R$0.45
Interest on equity12/29/200804/02/2009R$0.72
Dividend08/20/200809/02/2008R$0.28
Interest on equity08/20/200809/02/2008R$0.74
Dividend03/26/200804/09/2008R$0.86
Interest on equity12/27/200704/09/2008R$0.91
Interest on equity08/14/200708/22/2007R$1.44
Dividend08/14/200708/22/2007R$0.76
Dividend03/30/200704/11/2007R$0.87
Interest on equity12/28/200604/11/2007R$1.30
Interest on equity08/31/200609/12/2006R$1.52
Dividend03/14/200604/12/2006R$1.33
Interest on equity12/29/200504/12/2006R$1.13
Dividend08/31/200509/20/2005R$1.17
Interest on equity08/31/200509/20/2005R$1.22
Dividend03/01/200504/05/2005R$2.93
Interest on equity12/29/200404/05/2005R$0.54
Interest on equity08/27/200409/14/2004R$1.17
Dividend03/15/200403/25/2004R$0.20
Interest on equity12/29/200303/25/2004R$1.20
Interest on equity07/11/200308/01/2003R$0.37
Dividend03/08/200204/09/2002R$0.22
Dividend08/24/200109/11/2001R$0.20
Interest on equity03/09/200103/26/2001R$0.24
Dividend08/23/200009/14/2000R$0.18
Dividend03/03/200003/23/2000R$0.18
Dividend08/27/199909/20/1999R$0.18
Interest on equity03/19/2012—R$0.08
Interest on equity12/29/2010—R$0.17
Interest on equity10/07/2010—R$0.22
Interest on equity11/27/1998—R$0.28
Interest on equity08/28/1998—R$0.36
Interest on equity12/30/1997—R$0.50
Interest on equity08/29/1997—R$0.34
Dividend03/07/1997—R$0.05
Dividend08/15/1996—R$0.02
Dividend03/07/1996—R$0.05
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Split09/27/20102 for 1
Bonus shares04/29/200850.00% in shares
Split11/27/20073 for 2
Reverse split02/01/19991 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 common · 547.82M preferred
Average daily trading
R$5.4M
Listed since
04/18/1994
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
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
Ternium Investiments S.àr.lControlling56.20%1.28%32.19%
Confab Industrial S.A.Controlling6.74%0.23%3.89%
Prosid Investiments S.C.A.Controlling5.39%0.19%3.12%
VERA CRUZ FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES5.14%0.09%2.93%
Previdência UsiminasControlling4.84%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 SAControlling2.70%0.09%1.56%
Outros18.65%83.39%46.95%
Ações Tesouraria0.36%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 09/30/2026.

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 15.45% in 12 months, with annualized volatility of 50.42% 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.