Usinas Siderúrgicas de Minas Gerais S.A (USIM3) Fair Value & Analysis
Basic Materials · BR · Market cap R$12.1B
Fair value as of: Jul 5, 2026
From 15 valuation models · updated today
Fair value updated Jul 5, 2026 — revised from R$24.54 to R$4.53 (−81.5%) since Jun 24, 2026. Share price −21.3% over the past month.
Price vs Fair Value (12 months)
12‑month range R$4.02 – R$10.87 · fair‑value band R$3.16 – R$5.90 · the R$7.95 price screens above the R$4.53 fair value. As of Jul 5, 2026.
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Usinas Siderúrgicas de Minas Gerais S.A (USIM3) currently trades at R$7.95, while our model-based Fair Value estimate is R$4.53 — implying the stock looks roughly 43.0% overvalued today. We read business quality at 59/100 (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: medium).
Over the trailing twelve months, Usinas Siderúrgicas de Minas Gerais S.A generated revenue of R$25.3B at a net margin of -10.3%. Revenue declined 14.4% year over year. It earns a return on equity of -9.3%. Net debt stands at R$1.4B. Fundamentals as of Jul 5, 2026
Our scenario range runs from R$3.16 (bear case) to R$5.90 (bull case); at R$7.95, the current price sits above that range. The share trades about 27% below its 52-week high and 99% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -54% fair-value upside — at -43%, USIM3 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.
About the company
Usinas Siderúrgicas de Minas Gerais S.A. operates in the steel industry and related activities in Brazil and internationally. It operates in two segments, Steel Metallurgy and Mining, and Logistics. The company offers thick plates, hot strips, colled rolled, electrogalvanized, and hot dip galvanized products for the automotive, construction, distribution, energy, oil and gas, and machinery and equipment markets. It is also involved in the extraction and processing of iron ore as pellet feed, sinter feed, and granulated iron ore; steel transformation solutions; operating a distribution center; manufacture and installation of equipment for various industries; and transformation of cold-rolled coils into hot dip galvanized coils. In addition, the company engages in the operation of highway and railway cargo terminals, storage and handling of iron ore and steel products, and road cargo transportation; and rendering of services, rectification of cylinders, and rolling mill rolls. Usinas …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Usinas Siderúrgicas de Minas Gerais S.A reported revenue of R$26.4B in FY2025 versus R$33.7B in FY2021, a compound −6.0%/yr. Reported net income was −R$3.1B in FY2025.
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Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2140 | $0.2500 | +17% |
| Nucor Corporation N1UE34 | R$108.76 | R$33.45 | -69% |
| ArcelorMittal S.A ARMT34 | R$166.77 | R$110.23 | -34% |
| JSW Steel Limited JSWSTEEL | ₹1,282 | ₹1,113 | -13% |
| POSCO Holdings 005490 | 390,000 KRW | 106,072 KRW | -73% |
| Baoshan Iron & Steel Co 600019 | ¥5.74 | ¥7.78 | +36% |
| China Steel Corporation 2002A | 38.45 TWD | 11.94 TWD | -69% |
| Inner Mongolia Baotou Steel Union Co 600010 | ¥2.52 | ¥0.3400 | -87% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 3,789 ARS | -72% |
| Jindal Steel Limited JINDALSTEL | ₹1,132 | ₹516.27 | -54% |
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Frequently asked questions
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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.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.