Companhia Siderúrgica Nacional (SID) Financial Ratios
28 years of historical data (1997–2024) · Basic Materials · Steel
EV/EBITDA
↑
5.52
↑+74% vs avg
5yr avg: 3.17
30Y Low1.1·High11.6
P/FCF
↓
2.91
↑+194% vs avg
5yr avg: 0.99
30Y Low0.4·High25.1
P/B Ratio
↓
0.59
↑+92% vs avg
5yr avg: 0.31
30Y Low0.1·High4.8
ROE
↓
-14.7%
↑-178% vs avg
5yr avg: 19.0%
30Y Low-33%·High99%
Debt/EBITDA
↑
7.34
↑+73% vs avg
5yr avg: 4.25
30Y Low1.6·High13.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SID Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Companhia Siderúrgica Nacional currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 2.9x P/FCF, 194% above the 5-year average of 1.0x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $1.9B | $5.2B | $3.7B | $6.1B | $8.2B | $4.8B | $3.0B | $3.3B | $4.4B | $1.3B |
| Enterprise Value | $8.7B | $35.7B | $34.4B | $33.2B | $22.0B | $34.1B | $32.1B | $29.6B | $29.4B | $30.0B | $27.7B |
| P/E Ratio → | -5.97 | — | — | 2.36 | 0.50 | 2.16 | 2.65 | 0.58 | 322.37 | — | 1.05 |
| P/S Ratio | 0.21 | 0.04 | 0.11 | 0.08 | 0.13 | 0.27 | 0.19 | 0.13 | 0.18 | 0.26 | 0.09 |
| P/B Ratio | 0.59 | 0.12 | 0.26 | 0.17 | 0.26 | 0.73 | 0.42 | 0.30 | 0.40 | 0.59 | 0.15 |
| P/FCF | 2.91 | 0.61 | 1.81 | — | 0.51 | 1.04 | 1.79 | 3.40 | — | — | 0.38 |
| P/OCF | 1.06 | 0.22 | 0.71 | 1.79 | 0.41 | 0.86 | 0.98 | 1.37 | 5.81 | 15.89 | 0.26 |
P/E links to full P/E history page with 30-year chart
SID EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Companhia Siderúrgica Nacional's enterprise value stands at 5.5x EBITDA, 74% above its 5-year average of 3.2x. The Basic Materials sector median is 11.4x, placing the stock at a 52% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.82 | 0.76 | 0.75 | 0.46 | 1.13 | 1.26 | 1.29 | 1.59 | 1.75 | 1.81 |
| EV / EBITDA | 5.52 | 4.59 | 4.02 | 2.83 | 1.07 | 3.35 | 6.35 | 5.08 | 6.56 | 8.77 | 11.21 |
| EV / EBIT | 10.77 | 11.67 | 6.61 | 4.62 | 1.06 | 4.75 | 8.83 | 3.97 | 10.01 | 12.45 | 6.04 |
| EV / FCF | — | 11.31 | 11.94 | — | 1.85 | 4.32 | 12.09 | 33.30 | — | — | 8.04 |
SID Profitability
Margins and return-on-capital ratios measuring operating efficiency
Companhia Siderúrgica Nacional earns an operating margin of 9.1%, roughly in line with the Basic Materials sector average. Operating margins have compressed from 20.0% to 9.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -14.7% indicates the company is currently destroying shareholder equity. ROIC of 6.1% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.8% | 26.8% | 24.9% | 30.0% | 46.1% | 36.4% | 31.6% | 29.9% | 26.6% | 26.3% | 23.0% |
| Operating Margin | 9.1% | 9.1% | 11.4% | 20.0% | 38.5% | 25.4% | 13.9% | 19.6% | 16.3% | 12.2% | 8.5% |
| Net Profit Margin | -5.9% | -5.9% | -0.7% | 3.5% | 25.6% | 12.6% | 7.0% | 22.6% | 0.1% | -5.5% | 8.2% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -14.7% | -14.7% | -1.5% | 6.9% | 70.8% | 33.6% | 16.7% | 56.8% | 0.1% | -11.6% | 17.4% |
| ROA | -2.7% | -2.7% | -0.4% | 1.9% | 17.2% | 6.7% | 3.6% | 11.2% | 0.0% | -2.0% | 2.6% |
| ROIC | 6.1% | 6.1% | 7.8% | 14.6% | 36.3% | 15.1% | 7.1% | 9.5% | 6.7% | 4.6% | 3.1% |
| ROCE | 5.5% | 5.5% | 8.0% | 15.0% | 35.8% | 17.5% | 9.4% | 12.8% | 8.3% | 5.1% | 3.0% |
SID Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Companhia Siderúrgica Nacional carries a Debt/EBITDA ratio of 7.3x, which is highly leveraged (179% above the sector average of 2.6x). Net debt stands at $33.8B ($57.1B total debt minus $23.3B cash). Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.69 | 3.69 | 2.30 | 1.90 | 1.39 | 3.18 | 2.50 | 2.88 | 3.56 | 4.12 | 3.92 |
| Debt / EBITDA | 7.34 | 7.34 | 5.28 | 3.54 | 1.57 | 3.52 | 5.62 | 4.94 | 6.58 | 8.92 | 13.85 |
| Net Debt / Equity | — | 2.19 | 1.48 | 1.35 | 0.68 | 2.30 | 2.41 | 2.65 | 3.15 | 3.46 | 3.02 |
| Net Debt / EBITDA | 4.34 | 4.34 | 3.41 | 2.52 | 0.77 | 2.54 | 5.40 | 4.56 | 5.82 | 7.49 | 10.67 |
| Debt / FCF | — | 10.70 | 10.13 | — | 1.33 | 3.28 | 10.30 | 29.90 | — | — | 7.66 |
| Interest Coverage | 0.87 | 0.87 | 1.24 | 2.89 | 8.15 | 16.48 | 5.81 | 2.24 | 1.25 | 0.70 | — |
SID Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.58x means Companhia Siderúrgica Nacional can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.17x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.36x to 1.58x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.58 | 1.58 | 1.32 | 1.36 | 1.43 | 1.59 | 1.10 | 1.05 | 1.11 | 2.26 | 3.09 |
| Quick Ratio | 1.17 | 1.17 | 0.94 | 0.86 | 0.98 | 1.26 | 0.64 | 0.61 | 0.70 | 1.54 | 2.16 |
| Cash Ratio | 0.96 | 0.96 | 0.70 | 0.60 | 0.79 | 0.93 | 0.32 | 0.27 | 0.39 | 1.02 | 1.62 |
| Asset Turnover | — | 0.42 | 0.50 | 0.52 | 0.60 | 0.48 | 0.50 | 0.49 | 0.41 | 0.39 | 0.32 |
| Inventory Turnover | 3.06 | 3.06 | 3.57 | 2.75 | 2.36 | 3.97 | 3.32 | 3.20 | 3.05 | 3.19 | 2.39 |
| Days Sales Outstanding | — | 38.18 | 43.22 | 43.14 | 33.37 | 55.24 | 30.03 | 33.76 | 44.18 | 42.51 | 36.62 |
SID Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Companhia Siderúrgica Nacional returns 31.2% to shareholders annually — split between a 27.6% dividend yield and 3.7% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 27.6% | 100.0% | 76.4% | 100.0% | 53.8% | 3.8% | 40.3% | 16.6% | — | 0.0% | 41.5% |
| Payout Ratio | — | — | — | 241.7% | 26.8% | 8.2% | 107.3% | 9.7% | — | — | 43.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 42.4% | 200.7% | 46.2% | 37.7% | 172.1% | 0.3% | — | 95.3% |
| FCF Yield | 34.3% | 165.3% | 55.3% | — | 195.2% | 96.1% | 55.8% | 29.4% | — | — | 260.6% |
| Buyback Yield | 3.7% | 17.6% | 0.0% | 11.2% | 24.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 0.7% |
| Total Shareholder Yield | 31.2% | 100.0% | 76.4% | 100.0% | 78.7% | 3.8% | 40.3% | 16.6% | 0.0% | 0.6% | 42.2% |
| Shares Outstanding | — | $1.3B | $1.3B | $1.3B | $1.4B | $1.4B | $1.4B | $1.4B | $1.4B | $1.4B | $1.4B |
Peer Comparison
Compare SID with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SIDYou | $2B | -6.0 | 5.5 | 2.9 | 26.8% | 9.1% | -14.7% | 6.1% | 7.3 |
 GGB | $10B | 35.4 | 6.2 | 37.5 | 11.4% | 8.4% | 2.5% | 6.8% | 1.6 |
 MT | $48B | 15.4 | 8.5 | 102.0 | 9.6% | 5.9% | 5.8% | 4.5% | 2.0 |
 VALE | $72B | 28.4 | 5.9 | 23.5 | 34.4% | 29.0% | 7.2% | 17.7% | 1.4 |
 NUE | $53B | 31.1 | 14.1 | — | 11.9% | 8.2% | 8.0% | 7.7% | 1.7 |
 STLD | $35B | 30.3 | 19.0 | 69.9 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
 CLF | $6B | -3.7 | — | — | -4.6% | -7.5% | -22.4% | -7.5% | — |
 RS | $19B | 26.9 | 16.2 | 38.3 | 26.8% | 7.2% | 10.3% | 8.9% | 1.5 |
 CMC | $8B | 97.5 | 10.3 | 25.7 | 15.6% | 6.7% | 2.0% | 8.5% | 1.7 |
 WOR | $3B | 29.1 | 28.8 | 17.3 | 27.6% | 4.3% | 10.5% | 3.8% | 3.3 |
 ZEUS | $533M | 24.3 | 10.6 | 127.1 | 23.2% | 2.5% | 4.1% | 4.3% | 4.0 |
| Basic Materials Median | — | 22.9 | 11.4 | 27.5 | 31.7% | 9.8% | 1.0% | 4.4% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
See SID's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs SID Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare SID vs GGB
Side-by-side business, growth, and profitability comparison vs Gerdau S.A..
Start ComparisonSID — Frequently Asked Questions
Quick answers to the most common questions about buying SID stock.
What is Companhia Siderúrgica Nacional's P/E ratio?
Companhia Siderúrgica Nacional's current P/E ratio is -6.0x. The historical average is 5.4x.
What is Companhia Siderúrgica Nacional's EV/EBITDA?
Companhia Siderúrgica Nacional's current EV/EBITDA is 5.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.3x.
What is Companhia Siderúrgica Nacional's ROE?
Companhia Siderúrgica Nacional's return on equity (ROE) is -14.7%. The historical average is 29.5%.
Is SID stock overvalued?
Based on historical data, Companhia Siderúrgica Nacional is trading at a P/E of -6.0x. Compare with industry peers and growth rates for a complete picture.
What is Companhia Siderúrgica Nacional's dividend yield?
Companhia Siderúrgica Nacional's current dividend yield is 27.59%.
What are Companhia Siderúrgica Nacional's profit margins?
Companhia Siderúrgica Nacional has 26.8% gross margin and 9.1% operating margin.
How much debt does Companhia Siderúrgica Nacional have?
Companhia Siderúrgica Nacional's Debt/EBITDA ratio is 7.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.