Companhia Siderúrgica Nacional (SID)Basic Materials | Steel | São Paulo, Brazil | NYSE
1.03 USD
+0.02
(1.980%)
⇧
(July 13, 2026, 4 p.m.
EDT)
After hours: 1.02 -0.01 (-0.010%) ⇩ (July 13, 2026, 6:40 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 5 a.m. EDT
The investment case for Companhia Siderúrgica Nacional is currently broken by a perfect storm of deteriorating fundamentals and overwhelming bearish sentiment. The company is trapped in a multi-year decline, having lost nearly half its value over the last nine years with four consecutive years of negative annual returns. Fundamentally, the picture is grim: the business is generating negative free cash flow, posting negative earnings, and carrying a debt-to-equity ratio of 324, which suggests the capital structure is dangerously fragile. While the stock trades at a low price-to-book ratio, this is likely a reflection of the market pricing in a permanent impairment of the asset base rather than a margin of safety. The recent price action confirms the bearish thesis, with the stock trading well below its 50-day and 200-day moving averages, indicating persistent selling pressure. Compounding the distress is the options market, where traders are aggressively buying put options to hedge against further declines, while call activity remains negligible. Even the dividend, which might seem attractive on the surface, is unreliable given the company's negative operating cash flow and free cash burn, making it unsustainable in the long run. With no clear path to profitability and a balance sheet under immense strain, this appears to be a value trap rather than a bargain. |
| Model | MAE |
|---|---|
| MSTL_55_115 ✓ | 0.092851 |
| AutoARIMA | 0.095240 |
| MSTL_115 | 0.109509 |
| AutoTheta | 0.111471 |
| MSTL_55 | 0.118697 |
| AutoETS | 0.126294 |
| MSTL | 0.133501 |
Forecast horizon: 60 days | Selected: MSTL_55_115
| Forecast Reliability | |
|---|---|
| Score | 39% |
| H-stat | 4.79 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.211 |
| Excess Kurtosis | -0.51 |
| Attribute | Value |
|---|---|
| Sector | Basic Materials |
| Ex Dividend Date | 2024-11-28 |
| Last Dividend Date | 2024-11-28 |
| Debt to Equity Ratio | 323.932 |
| Revenue per Share | 33.553 |
| Market Cap | 1,369,651,712 |
| Forward P/E | -7.10 |
| Beta | 1.34 |
| Profit Margins | -4.49% |
| Website | https://www.csn.com.br |
As of July 11, 2026, 5 a.m. EDT: Speculators are overwhelmingly positioning for downside protection. Put open interest significantly exceeds call open interest across all expirations, particularly in the December 2026 window where deep out-of-the-money puts show massive volume relative to calls. This indicates a strong consensus among option buyers that the stock faces significant downside risk rather than a rally.
| Date | Dividend | Yield % |
|---|---|---|
| 2024-11-29 | 0.092000 | 4.919786 |
| 2024-05-22 | 0.138000 | 5.328186 |
| 2023-11-22 | 0.152000 | 4.705882 |
| 2023-05-10 | 0.244000 | 9.172932 |
| 2023-01-05 | 0.100000 | 3.378378 |
| 2022-12-01 | 0.225000 | 7.978724 |
| 2022-05-11 | 0.136000 | 3.874644 |
| 2022-01-07 | 0.034000 | 0.800000 |
| 2021-08-06 | 0.250000 | 3.019324 |
| 2021-05-12 | 0.121000 | 1.298283 |
| 2020-05-04 | 0.002000 | 0.138889 |
| 2019-09-27 | 0.073000 | 2.288401 |
| 2019-05-06 | 0.165000 | 4.674221 |
| 2015-03-19 | 0.065000 | 3.892216 |
| 2015-01-08 | 0.078000 | 3.750000 |
| 2014-03-11 | 0.124000 | 3.360434 |
| 2013-11-21 | 0.148000 | 2.671480 |
| 2013-08-15 | 0.090000 | 2.694611 |
| 2013-04-10 | 0.190000 | 4.470588 |
| 2013-01-03 | 0.101000 | 1.642276 |
| 2012-05-09 | 0.431000 | 5.604681 |
| 2011-05-05 | 0.810000 | 5.668300 |
| 2010-05-03 | 0.582000 | 3.288135 |
| 2009-12-23 | 0.126000 | 0.801017 |
| 2009-05-04 | 0.085500 | 0.846954 |
| 2009-03-30 | 0.438000 | 6.070686 |
| 2008-08-21 | 0.064000 | 0.375697 |
| 2008-04-22 | 0.505500 | 2.297727 |
| 2007-12-26 | 0.288833 | 1.924912 |
| 2007-05-02 | 0.163000 | 2.245179 |
| 2006-08-08 | 0.099333 | 1.830461 |
| 2006-06-29 | 0.121000 | 2.283019 |
| 2006-05-04 | 0.120500 | 2.004992 |
| 2006-02-06 | 0.273833 | 5.920714 |
| 2005-05-02 | 0.449333 | 14.986094 |
| 2004-06-18 | 0.006500 | 0.348214 |
| 2004-04-30 | 0.144042 | 7.325722 |
| 2003-05-01 | 0.153167 | 18.899776 |
| 2001-06-15 | 0.203958 | 26.821863 |
| 2001-03-27 | 0.441292 | 49.169026 |
| 2000-03-07 | 0.017167 | 1.248509 |
| 2000-01-03 | 0.021958 | 1.340520 |
| 1999-06-09 | 0.041125 | 4.314754 |
| 1998-12-24 | 0.081667 | 11.240182 |
| 1998-08-05 | 0.072750 | 8.289616 |
| 1998-05-01 | 0.020000 | 1.580247 |
| 1997-12-31 | 0.081667 | 7.593250 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.31292516 |
| Address1 | Av. Brigadeiro Faria Lima, 3400 |
| Address2 | 0th Floors Itaim Bibi |
| All Time High | 26.23 |
| All Time Low | 0.320833 |
| Ask | 1.03 |
| Ask Size | 82,000 |
| Average Daily Volume10 Day | 2,273,070 |
| Average Daily Volume3 Month | 3,869,613 |
| Average Volume | 3,869,613 |
| Average Volume10Days | 2,273,070 |
| Beta | 1.335 |
| Bid | 1.02 |
| Bid Size | 46,500 |
| Book Value | 1.8679898 |
| City | São Paulo |
| Country | Brazil |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 1.03 |
| Current Ratio | 1.11 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 1.06 |
| Day Low | 1.01 |
| Debt To Equity | 323.932 |
| Dividend Date | 1,733,356,800 |
| Earnings Call Timestamp End | 1,778,769,000 |
| Earnings Call Timestamp Start | 1,778,769,000 |
| Earnings Timestamp | 1,778,702,400 |
| Earnings Timestamp End | 1,785,960,000 |
| Earnings Timestamp Start | 1,785,960,000 |
| Ebitda | 7,436,015,104 |
| Ebitda Margins | 0.16712 |
| Enterprise To Ebitda | 5.736 |
| Enterprise To Revenue | 0.959 |
| Enterprise Value | 42,652,557,312 |
| Eps Forward | -0.145 |
| Eps Trailing Twelve Months | -0.29 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,732,838,400 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 1.185 |
| Fifty Day Average Change | -0.15499997 |
| Fifty Day Average Change Percent | -0.13080166 |
| Fifty Two Week Change Percent | -31.292517 |
| Fifty Two Week High | 2.2 |
| Fifty Two Week High Change | -1.1700001 |
| Fifty Two Week High Change Percent | -0.5318182 |
| Fifty Two Week Low | 0.89 |
| Fifty Two Week Low Change | 0.13999999 |
| Fifty Two Week Low Change Percent | 0.15730336 |
| Fifty Two Week Range | 0.89 - 2.2 |
| Financial Currency | BRL |
| First Trade Date Milliseconds | 848,327,400,000 |
| Five Year Avg Dividend Yield | 8.6 |
| Float Shares | 624,762,641 |
| Forward Eps | -0.145 |
| Forward P E | -7.1034484 |
| Free Cashflow | -2,192,784,384 |
| Full Exchange Name | NYSE |
| Full Time Employees | 29,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.25857002 |
| Gross Profits | 11,504,621,568 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.0 |
| Held Percent Institutions | 1.6436701 |
| Implied Shares Outstanding | 1,329,758,969 |
| Industry | Steel |
| Industry Disp | Steel |
| Industry Key | steel |
| Ir Website | http://www.csn.com.br/english/index.htm |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Dividend Date | 1,732,838,400 |
| Last Dividend Value | 0.092 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,270,598,400 |
| Last Split Factor | 2:1 |
| Long Business Summary | 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. |
| Long Name | Companhia Siderúrgica Nacional |
| Market | us_market |
| Market Cap | 1,369,651,712 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_393311 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | -1,998,759,040 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,325,582,139 |
| Number Of Analyst Opinions | 3 |
| Open | 1.03 |
| Operating Cashflow | -596,084,992 |
| Operating Margins | 0.02903 |
| Payout Ratio | 0.0 |
| Peg Ratio | 0.32 |
| Phone | 55 11 3049 7100 |
| Post Market Change | -0.00999999 |
| Post Market Change Percent | -0.9708729 |
| Post Market Price | 1.02 |
| Post Market Time | 1,783,982,400 |
| Previous Close | 1.01 |
| Price Hint | 4 |
| Price To Book | 0.5513949 |
| Price To Sales Trailing12 Months | 0.030782778 |
| Profit Margins | -0.04492 |
| Quick Ratio | 0.686 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.02 |
| Regular Market Change Percent | 1.9802 |
| Regular Market Day High | 1.06 |
| Regular Market Day Low | 1.01 |
| Regular Market Day Range | 1.01 - 1.06 |
| Regular Market Open | 1.03 |
| Regular Market Previous Close | 1.01 |
| Regular Market Price | 1.03 |
| Regular Market Time | 1,783,972,802 |
| Regular Market Volume | 3,894,935 |
| Return On Assets | 0.02226 |
| Return On Equity | -0.08274 |
| Revenue Growth | -0.028 |
| Revenue Per Share | 33.553 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Basic Materials |
| Sector Disp | Basic Materials |
| Sector Key | basic-materials |
| Shares Outstanding | 1,326,093,947 |
| Shares Percent Shares Out | 0.0094 |
| Shares Short | 12,451,960 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 9,502,101 |
| Short Name | Companhia Siderurgica Nacional |
| Short Percent Of Float | 0.0161 |
| Short Ratio | 2.2 |
| Source Interval | 15 |
| State | SP |
| Symbol | SID |
| Target High Price | 1.5 |
| Target Low Price | 1.0 |
| Target Mean Price | 1.23333 |
| Target Median Price | 1.2 |
| Total Cash | 13,244,540,928 |
| Total Cash Per Share | 9.988 |
| Total Debt | 51,486,699,520 |
| Total Revenue | 44,494,090,240 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.29 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 1.4842 |
| Two Hundred Day Average Change | -0.45420003 |
| Two Hundred Day Average Change Percent | -0.30602348 |
| Type Disp | Equity |
| Volume | 3,894,935 |
| Website | https://www.csn.com.br |
| Zip | 04,538-132 |