Usinas Siderúrgicas de Minas Gerais (USIM5) Stock Overview
Operates in the steel industry and related activities in Brazil and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
USIM5 Community Fair Values
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Analyst Price Targets
Usinas Siderúrgicas de Minas Gerais S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R$7.65 |
| 52 Week High | R$12.18 |
| 52 Week Low | R$4.21 |
| Beta | 1.32 |
| 1 Month Change | 16.97% |
| 3 Month Change | -29.49% |
| 1 Year Change | 69.25% |
| 3 Year Change | 10.23% |
| 5 Year Change | -45.04% |
| Change since IPO | 1,047.46% |
Recent News & Updates
Narrative Update • Sep 03
USIM5: Strong Q2 Resilience Will Support Future Margin Expansion
Analysts have trimmed their fair value estimate for Usinas Siderúrgicas de Minas Gerais to R$12.00 from R$13.47, reflecting recent cuts to Street price targets, including moves to R$7 and R$8. They are factoring in a challenging operating backdrop alongside adjustments to revenue growth, discount rate, profit margin and future P/E assumptions.
Narrative Update • Aug 15
USIM5: Steel Cycle Upside And Price Hikes Will Drive Repricing
Analysts have trimmed their fair value estimate for Usinas Siderúrgicas de Minas Gerais to about R$8.87 from roughly R$9.59. This reflects a more cautious view on margins and required returns, even as some analysts still point to potential benefits from Brazil's steel supply and demand conditions and recent price target changes between R$8 and R$10.50.
Narrative Update • Aug 01
USIM5: Elevated Steel Leverage Will Sustain Overvaluation If Pricing Tailwinds Fade
Analysts have cut their fair value estimate for Usinas Siderúrgicas de Minas Gerais from about R$6.80 to roughly R$5.14, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples. This comes even as recent research highlights potential benefits from Brazil's steel demand trends and planned price increases.Narrative Update • Jun 27
USIM5: Improving Steel Cycle And Board Changes Will Drive Repricing
Analysts have lifted their fair value estimate for Usinas Siderúrgicas de Minas Gerais to the equivalent of roughly R$9.60 from about R$7.30, citing higher analyst price targets, such as the recent R$10.50 call, and expectations that the company is well positioned for improving steel supply and demand conditions in Brazil. What’s in the News for Usinas Siderúrgicas de Minas Gerais Usinas Siderúrgicas de Minas Gerais has a Board Meeting scheduled for May 14, 2026, at 13:00 Coordinated Universal Time.Recent updates
Narrative Update • Sep 03
USIM5: Strong Q2 Resilience Will Support Future Margin Expansion
Analysts have trimmed their fair value estimate for Usinas Siderúrgicas de Minas Gerais to R$12.00 from R$13.47, reflecting recent cuts to Street price targets, including moves to R$7 and R$8. They are factoring in a challenging operating backdrop alongside adjustments to revenue growth, discount rate, profit margin and future P/E assumptions.Narrative Update • Aug 15
USIM5: Steel Cycle Upside And Price Hikes Will Drive Repricing
Analysts have trimmed their fair value estimate for Usinas Siderúrgicas de Minas Gerais to about R$8.87 from roughly R$9.59. This reflects a more cautious view on margins and required returns, even as some analysts still point to potential benefits from Brazil's steel supply and demand conditions and recent price target changes between R$8 and R$10.50.Narrative Update • Aug 01
USIM5: Elevated Steel Leverage Will Sustain Overvaluation If Pricing Tailwinds Fade
Analysts have cut their fair value estimate for Usinas Siderúrgicas de Minas Gerais from about R$6.80 to roughly R$5.14, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples. This comes even as recent research highlights potential benefits from Brazil's steel demand trends and planned price increases.Narrative Update • Jun 27
USIM5: Improving Steel Cycle And Board Changes Will Drive Repricing
Analysts have lifted their fair value estimate for Usinas Siderúrgicas de Minas Gerais to the equivalent of roughly R$9.60 from about R$7.30, citing higher analyst price targets, such as the recent R$10.50 call, and expectations that the company is well positioned for improving steel supply and demand conditions in Brazil. What’s in the News for Usinas Siderúrgicas de Minas Gerais Usinas Siderúrgicas de Minas Gerais has a Board Meeting scheduled for May 14, 2026, at 13:00 Coordinated Universal Time.Narrative Update • Jun 13
USIM5: Higher Brazil Steel Prices Will Support Future Margin Expansion
Analysts have lifted their fair value estimate for Usinas Siderúrgicas de Minas Gerais from R$8.64 to R$13.47. They cite higher projected revenue growth, improved profit margins, a lower assumed discount rate, and a reduced future P/E multiple following recent upgrades and expectations for price hikes in Brazil's steel market.Narrative Update • May 30
USIM5: Elevated Steel Exposure Will Sustain Overvaluation If Pricing Tailwinds Reverse
Analysts have raised their price targets on Usinas Siderúrgicas de Minas Gerais to R$6.80 from R$5.00, citing the company’s high leverage to improving Brazilian steel supply and demand, recent price hikes, and revised earnings expectations as key drivers of the change. Analyst Commentary Recent research has highlighted that Usinas Siderúrgicas de Minas Gerais, or Usiminas, is closely tied to changes in Brazil's steel supply and demand.Narrative Update • May 03
USIM5: Control Group Shakeup Will Pressure Governance And Future Returns
Analysts have lifted their price target for Usinas Siderúrgicas de Minas Gerais to around R$7.30 from roughly R$6.91, citing updates to their models that reflect revised assumptions for discount rate, revenue growth, profit margins and future P/E levels. What's in the News Ternium Investments S.À R.L. completed the purchase of an additional 21.8% stake in Usinas Siderúrgicas de Minas Gerais from Nippon Steel Corporation and Mitsubishi Corporation for about US$320 million on February 10, 2026, increasing its participation in the Usiminas control group from 51.5% to 83.1% (Key Developments).Narrative Update • Apr 19
USIM5: Control Group Changes And Governance Events Will Shape Balanced Outlook
Analysts have nudged their price target for Usinas Siderúrgicas de Minas Gerais higher to R$6.91 from R$6.54, reflecting updated assumptions that combine a slightly higher discount rate and lower revenue growth outlook with firmer profit margin expectations and a modestly lower future P/E multiple. What's in the News Ternium Investments S.À R.L. completed the acquisition of an additional 21.8% stake in Usinas Siderúrgicas de Minas Gerais S.A. from Nippon Steel Corporation and Mitsubishi Corporation for approximately US$320 million on February 10, 2026, lifting its participation in the Usiminas control group to 83.1% (Key Developments).Narrative Update • Apr 05
USIM5: Control Group Consolidation And Higher Margins Will Support Future Upside
Analysts have raised their price target for Usinas Siderúrgicas de Minas Gerais from R$7.96 to R$8.64, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Ternium Investments S.À R.L. completed the acquisition of an additional 21.8% stake in Usinas Siderúrgicas de Minas Gerais S.A. from Nippon Steel Corporation and Mitsubishi Corporation for about US$320 million, lifting its participation in the Usiminas control group from 51.5% to 83.1% and taking its interest to 71.02% of total common shares issued, while the NSC Group exited the controlling group and the PU stake within the Shareholders' Agreement remained at 7.05% (Key Developments).Narrative Update • Mar 22
USIM5: Control Shift To Ternium Group Will Frame Balanced Fair Value
Analysts have raised their price target for Usinas Siderúrgicas de Minas Gerais to R$6.54 from R$6.38, citing updated assumptions for revenue growth, profit margins and future P/E levels. What's in the News Ternium Investments S.À R.L. entered a share purchase agreement to buy an additional 21.8% stake in Usinas Siderúrgicas de Minas Gerais from Nippon Steel Corporation and Mitsubishi Corporation for approximately US$320m on November 5, 2025 (Key Developments).Narrative Update • Mar 07
USIM5: Control Group Reshuffle And Updated Assumptions Will Guide Fair Value
Analysts have nudged their price target on Usinas Siderúrgicas de Minas Gerais slightly higher to around R$6.38 from about R$6.30, supported by updated assumptions that reflect adjusted discount rates, revenue growth expectations, profit margins and a lower future P/E multiple. What's in the News Ternium Investments S.À R.L. entered a share purchase agreement to acquire an additional 21.8% stake in Usinas Siderúrgicas de Minas Gerais from Nippon Steel Corporation and Mitsubishi Corporation for approximately US$320 million on November 5, 2025 (Key Developments).Narrative Update • Feb 21
USIM5: Control Group Reshuffle And Higher Margins Will Support Upside Potential
Analysts have slightly adjusted their R$ fair value estimate for Usinas Siderúrgicas de Minas Gerais from about R$7.99 to roughly R$7.96, reflecting updated assumptions for the discount rate, revenue growth, profit margins and future P/E levels. What's in the News Ternium Investments S.À R.L. entered a share purchase agreement to acquire an additional 21.8% stake in Usinas Siderúrgicas de Minas Gerais S.A. (BOVESPA:USIM5) from Nippon Steel Corporation and Mitsubishi Corporation for about US$320 million on November 5, 2025, at US$2.06 per ordinary share, for 153.1 million shares (Key Developments).Narrative Update • Feb 07
USIM5: Refined Assumptions Will Shape Future Fair Value And Governance Outlook
Analysts have made a slight adjustment to their price target on Usinas Siderúrgicas de Minas Gerais, reflecting small refinements to assumptions on discount rate, revenue growth, profit margin and future P/E, while maintaining a fair value of $6.30. Valuation Changes Fair Value: The fair value estimate is unchanged at R$6.30 per share.Narrative Update • Jan 24
USIM5: Ternium Control Expansion And Fair Value Outlook Will Guide Future Governance
Analysts now see fair value for Usinas Siderúrgicas de Minas Gerais at $6.30 per share, up from $5.96, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E estimates. What's in the News Ternium Investments S.À R.L. agreed to acquire an additional 21.8% stake in Usinas Siderúrgicas de Minas Gerais S.A. from Nippon Steel Corporation and Mitsubishi Corporation for approximately $320 million, at $2.06 per ordinary share, under a share purchase agreement signed on November 5, 2025 (Key Developments).Narrative Update • Jan 10
USIM5: Control Shift To Ternium Will Shape Future Governance And Risks
Analysts have raised their fair value estimate for Usinas Siderúrgicas de Minas Gerais from US$5.43 to approximately US$5.96, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple. What's in the News Ternium Investments S.À R.L. entered into a share purchase agreement to acquire an additional 21.8% stake in Usinas Siderúrgicas de Minas Gerais S.A. from Nippon Steel Corporation and Mitsubishi Corporation for approximately US$320 million, or US$2.06 per ordinary share, covering 153.1 million shares (Key Developments).Narrative Update • Dec 26
USIM5: Future Control Shift Will Sustain Overvaluation Despite Weaker Profitability
Analysts have modestly raised their price target for Usinas Siderúrgicas de Minas Gerais to R$5.00 from R$5.00. This reflects slightly improved expectations for revenue decline and future earnings multiples, despite a marginally higher discount rate and softer profit margin outlook.Narrative Update • Dec 12
USIM5 Will Face Rich Pricing As Margins Improve But Revenue Outlook Weakens
Analysts have raised their price target for Usinas Siderúrgicas de Minas Gerais by roughly 25 percent to reflect improved long term profit margin expectations and a more attractive forward P/E, even though revenue growth assumptions remain slightly more conservative. What's in the News Ternium Investments agreed to acquire an additional 21.8 percent stake in Usinas Siderúrgicas de Minas Gerais from Nippon Steel and Mitsubishi for about $320 million in cash.Narrative Update • Aug 27
Digitalization And Trade Defenses Will Lower Steel Costs
Analysts have lowered their price target for Usinas Siderúrgicas de Minas Gerais to R$5.43, citing ongoing pressure on steel prices from Chinese exports, persistent external and structural challenges, and the need for further operational improvements despite recent profitability gains. Analyst Commentary Ongoing elevated steel exports from China in 2025 continue to pressure global steel prices and weigh on Usiminas' profitability outlook.
New Narrative • Feb 09
Improved Production Efficiency And Domestic Demand Will Strengthen Future Prospects For Brazilian Steel
Enhanced production efficiency and cost-cutting strategies are anticipated to reduce costs and improve future net margins and earnings.Shareholder Returns
| USIM5 | BR Metals and Mining | BR Market | |
|---|---|---|---|
| 7D | 0.3% | 1.3% | 0.04% |
| 1Y | 69.2% | 39.4% | 15.9% |
Return vs Industry: USIM5 exceeded the BR Metals and Mining industry which returned 39.4% over the past year.
Return vs Market: USIM5 exceeded the BR Market which returned 15.9% over the past year.
Price Volatility
| USIM5 volatility | |
|---|---|
| USIM5 Average Weekly Movement | 6.8% |
| Metals and Mining Industry Average Movement | 4.5% |
| Market Average Movement | 4.2% |
| 10% most volatile stocks in BR Market | 8.4% |
| 10% least volatile stocks in BR Market | 1.8% |
Stable Share Price: USIM5's share price has been volatile over the past 3 months compared to the BR market.
Volatility Over Time: USIM5's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of BR stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1956 | n/a | Marcelo Chara | www.usiminas.com |
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.
Usinas Siderúrgicas de Minas Gerais S.A. Fundamentals Summary
| USIM5 fundamental statistics | |
|---|---|
| Market cap | R$9.02b |
| Earnings (TTM) | -R$2.32b |
| Revenue (TTM) | R$24.78b |
0.4x
P/S Ratio-4.1x
P/E RatioIs USIM5 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| USIM5 income statement (TTM) | |
|---|---|
| Revenue | R$24.78b |
| Cost of Revenue | R$22.35b |
| Gross Profit | R$2.43b |
| Other Expenses | R$4.75b |
| Earnings | -R$2.32b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
Oct 30, 2026
| Earnings per share (EPS) | -1.89 |
| Gross Margin | 9.82% |
| Net Profit Margin | -9.36% |
| Debt/Equity Ratio | 26.9% |
How did USIM5 perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 01:29 |
| End of Day Share Price | 2026/09/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Usinas Siderúrgicas de Minas Gerais S.A. is covered by 23 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Leonardo Correa | Barclays |
| Mary Cleia da Silva | BB Banco de Investimento S.A. |
| Caio Ribeiro | BofA Global Research |