Companhia Siderurgica Nacional (SID) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Companhia Siderurgica Nacional $0.97, price $1.16, upside -16.4%, quality 33 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $0.8700 – $6.19 · fair‑value band $0.4100 – $1.43 · the $1.16 price screens above the $0.9700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Companhia Siderúrgica Nacional, together with its subsidiaries, operates as an integrated steel producer in Brazil and internationally. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The Steel Segment offers produce and sells of flat and long steel.
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Companhia Siderúrgica Nacional, together with its subsidiaries, operates as an integrated steel producer in Brazil and internationally. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The Steel Segment offers produce and sells of flat and long steel. The Mining Segment engages in extraction, processing and marketing of iron ore, tin, limestone, and dolomite. The Logistics Segment supplies railways, port concessions, and road fleet. The Cement Segment produces and sells bagged and bulk cement, as well as aggregates, concrete, and other products. The Energy segment is involved in generation and commercialization of energy originating from renewables. It offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products including, reinforcing bars, iron rods, and laminated profiles; food and chemical packaging solutions; and carbochemical products. It also provides steel cutting services; produces and sells cement; operates railways; and generates electric power from its hydroelectric power plants. In addition, the company offers steel solutions and distributions; packaging; logistics services; and certifications. Companhia Siderúrgica Nacional was founded in 1941 and is headquartered in São Paulo, Brazil.
Stock analysis
Companhia Siderurgica Nacional ADR (SID) currently trades at $1.16, while our model-based Fair Value estimate is $0.9700, 16.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $5.35 per share, and 8 of the 8 models we run sit above the $1.16 price.
Bear case: the Asset-Based group reads lowest at $1.25, and 0 of the 8 models stay below the price. Evidence for this calculation is medium.
Scenario range: $0.4100 (bear) to $1.43 (bull), the price of $1.16 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Companhia Siderurgica Nacional ADR reported revenue of R$43.9B in FY2025 versus R$47.9B in FY2021, a compound −2.2%/yr. Reported net income was −R$2.0B in FY2025.
Key figures
Market cap $1.5B · P/S ratio 0.03 · EPS (TTM) $−0.2900 · Net margin −4.5% · Return on equity −8.3% · Return on assets (EBIT) 9.6% · Operating margin 2.9% · Revenue (TTM) R$44.5B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 45% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at −16%, SID screens cheaper than that median.
Fair Value models
Bear $0.4100Fair Value $0.9700Bull $1.43
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.30/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
Start year 2020 (pandemic). Over 10 years: +11.1% a year
Revenue growth 28 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.7%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
25.4% (2020) → 10.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Companhia Siderurgica Nacional ADR with another stock
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Peer Groupⓘ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.Steel · 405 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on assets2.2% · Above median
Net margin (TTM)−4.5% · Bottom 25%
Operating margin (TTM)2.9% · Below median
Growth and dividend
Revenue growth−2.8% · Below median
Balance sheet
Debt / equity3.30× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Companhia Siderurgica Nacional ADR Fair Value". https://www.fairvalue-calculator.com/stock/SID
Frequently asked questions
Is Companhia Siderurgica Nacional (SID) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.9700 versus a price of $1.16, about −16% upside (overvalued).
What is the fair value of SID?
Our model-based fair value for Companhia Siderurgica Nacional ADR is $0.9700 (as of Sep 24, 2026), built from audited fundamentals. The current price: $1.16.
What is the quality score of SID?
Companhia Siderurgica Nacional ADR has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Companhia Siderurgica Nacional (SID)?
Our model-based price target is the fair value of $0.9700 (as of Sep 24, 2026) from 8 valuation models. Cautious scenario $0.4100, optimistic scenario $1.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Companhia Siderurgica Nacional ADR stock forecast for 2026?
Our models put fair value at $0.9700, about −16% upside versus a price of $1.16 (overvalued). Cautious scenario $0.4100, optimistic scenario $1.43. The calculation is refreshed regularly with new filings.
What is the revenue of Companhia Siderurgica Nacional (SID)?
Companhia Siderurgica Nacional ADR reported trailing-twelve-month revenue of about R$44.5B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Companhia Siderurgica Nacional (SID)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Companhia Siderurgica Nacional ADR it is $0.9700 per share (as of Sep 24, 2026), against a price of $1.16. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Companhia Siderurgica Nacional ADR stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SID trades above its calculated fair value: price $1.16, fair value $0.9700, a gap of about −16% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SID?
No. The price is what the market pays today ($1.16); the fair value is what the company's own numbers justify ($0.9700). For Companhia Siderurgica Nacional ADR the two are $0.1900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Companhia Siderurgica Nacional ADR worth?
The market values Companhia Siderurgica Nacional ADR at about $1.5B (market capitalisation, as of Sep 24, 2026). Per share that is $1.16; our models calculate a fair value of $0.9700 per share.
What do the bullish and bearish scenarios say about SID?
Our models span a range for Companhia Siderurgica Nacional ADR: cautious scenario $0.4100, base $0.9700, optimistic $1.43 per share (as of Sep 24, 2026, price $1.16). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of SID?
The PEG ratio of Companhia Siderurgica Nacional ADR is 0.32 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Companhia Siderurgica Nacional (SID)?
Balance-sheet figures for Companhia Siderurgica Nacional ADR (as of Sep 24, 2026): return on equity −8.3%, debt of 3.30 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is SID from its 52-week high?
Companhia Siderurgica Nacional ADR trades at $1.16, about 45% below its 52-week high of $2.12 and 33% above the low of $0.8700 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.9700 is for.
Which stocks are comparable to Companhia Siderurgica Nacional ADR?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Companhia Siderurgica Nacional ADR stock attractive at the current price?
The data as of Sep 24, 2026: price $1.16, calculated fair value $0.9700 (−16%), Quality Score 33/100, from 8 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SID calculated?
We run Companhia Siderurgica Nacional ADR through 8 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.9700, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Companhia Siderurgica Nacional ADR itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Companhia Siderurgica Nacional (SID)?
The closing price on Oct 2, 2026 was $1.16. Our model-based fair value is $0.9700, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Companhia Siderurgica Nacional ADR right now?
Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide ($0.4100 to $1.43). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Companhia Siderurgica Nacional ADR
How large is the market capitalisation of Companhia Siderurgica Nacional (SID)?
The market capitalisation of Companhia Siderurgica Nacional ADR is $1.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Companhia Siderurgica Nacional (SID)?
The price-to-sales ratio of Companhia Siderurgica Nacional ADR is 0.03 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Companhia Siderurgica Nacional (SID)?
Earnings per share at Companhia Siderurgica Nacional ADR are $−0.2900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Companhia Siderurgica Nacional (SID)?
The net margin of Companhia Siderurgica Nacional ADR is −4.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Companhia Siderurgica Nacional (SID)?
The return on equity (ROE) of Companhia Siderurgica Nacional ADR is −8.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Companhia Siderurgica Nacional (SID)?
On an EBIT basis the return on assets of Companhia Siderurgica Nacional ADR is 9.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Companhia Siderurgica Nacional (SID)?
The operating margin of Companhia Siderurgica Nacional ADR is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Companhia Siderurgica Nacional (SID)?
Revenue at Companhia Siderurgica Nacional ADR is growing −2.8% versus a year earlier (3y avg −0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Companhia Siderurgica Nacional (SID)?
Earnings per share at Companhia Siderurgica Nacional ADR are growing +33.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Companhia Siderurgica Nacional (SID) generate?
The free cash flow of Companhia Siderurgica Nacional ADR is −R$6.8B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Companhia Siderurgica Nacional (SID) carry?
The net debt of Companhia Siderurgica Nacional ADR is R$39.6B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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