Cia de Ferro Ligas da Bahia S.A (FESA3) Fair Value & Analysis
Basic Materials · BR · Market cap R$3.5B
Fair value as of: Jul 18, 2026
From 23 valuation models · updated 23 days ago
Fair value updated Jul 18, 2026, revised from R$8.11 to R$9.26 (+14.2%) since Jul 7, 2026. Share price −2.6% over the past month.
A solid business, but screening 11% overvalued on our models.
What matters now
- A fairly wide model range (R$6.82 to R$12.66) leaves room in how you read the outcome.
- Our model range runs from R$6.82 (bear) to R$12.66 (bull), base R$9.26. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 54/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range R$1.05 – R$14.55 · fair‑value band R$6.82 – R$12.66 · the R$10.42 price screens above the R$9.26 fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Cia de Ferro Ligas da Bahia S.A (FESA3) currently trades at R$10.42, while our model-based Fair Value estimate is R$9.26, implying the stock looks roughly 11.2% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Cia de Ferro Ligas da Bahia S.A generated revenue of R$2.3B at a net margin of 8.1%. Revenue declined 0.8% year over year. It earns a return on equity of 5.7%. Net debt stands at R$39.0M. Fundamentals as of Jul 18, 2026
Our scenario range runs from R$6.82 (bear case) to R$12.66 (bull case); at R$10.42, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -11%, FESA3 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 23 models by family
Widest divergence: Multiples (R$9.45) versus Dividend Discount (R$4.85). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 33
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Cia de Ferro Ligas da Bahia S.A. - FERBASA manufactures and sells ferroalloys, ferrochrome, and ferrosilicon in Brazil and internationally. It operates through Ferroalloys, Wind Energy, and Others segments.
Full company description
Cia de Ferro Ligas da Bahia S.A. - FERBASA manufactures and sells ferroalloys, ferrochrome, and ferrosilicon in Brazil and internationally. It operates through Ferroalloys, Wind Energy, and Others segments. The company offers high carbon ferrochrome, low carbon ferrochrome, ferrochrome silicon, ferrosilicon, chromite sand, lump, lime, concentrate, wood and slag, quicklime, and active silica/microsilica. It also engages in the mining, forestry, and metallurgy businesses; generates electricity through wind farms; and sells standing timber, chromium ore and sand, and hydrated lime. The company was founded in 1961 and is headquartered in Salvador, Brazil. Cia de Ferro Ligas da Bahia S.A. - FERBASA operates as a subsidiary of Fundação José Carvalho.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Cia de Ferro Ligas da Bahia S.A reported revenue of R$2.3B in FY2025 versus R$2.4B in FY2021, a compound −0.6%/yr. Reported net income was R$188M in FY2025, compounding −26.4%/yr from FY2021.
FESA3 screens 11% overvalued. Compare with Tata Steel Limited →
Peer Group
Steel · 378 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Steel median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2010 | $0.2000 | -0% |
| JSW Steel Limited JSWSTEEL | ₹1,227 | ₹1,140 | -7% |
| Baoshan Iron & Steel Co 600019 | ¥5.89 | ¥8.07 | +37% |
| China Steel Corporation 2002A | 38.55 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 313,500 KRW | 155,270 KRW | -50% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,940 ARS | +17% |
| Jindal Steel Limited JINDALSTEL | ₹1,028 | ₹545.12 | -47% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,844 | ₹1,098 | -40% |
| Gerdau S.A GGBN | 83.50 MXN | 42.64 MXN | -49% |
| Ternium S.A TXR | 17,780 ARS | 27,210 ARS | +53% |
Compare Cia de Ferro Ligas da Bahia S.A with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Cia de Ferro Ligas da Bahia S.A (FESA3) overvalued or undervalued?
What is the fair value of FESA3?
What is the quality score of FESA3?
What is the revenue of Cia de Ferro Ligas da Bahia S.A (FESA3)?
What is the net profit margin of FESA3?
Does Cia de Ferro Ligas da Bahia S.A pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Cia de Ferro Ligas da Bahia S.A and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.