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    Steel
Cia de Ferro Ligas da Bahia

Cia de Ferro Ligas da Bahia

11.02
BRL
+0.22
(+2.04%)
0.46EPS
22.95P/E
3.61BMarket Cap
Cia de Ferro Ligas da Bahia
B3:FESA3F
(B3)

Recent

price

11.02

P/E

ratio

22.95

div

yld

2.84%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
BRL
1.94
5.58
1.92
2.19
7.1
2.59
3.22
3.06
3.81
3.76
4.77
7.02
9.22
7.15
6.57
6.89
6.84
Revenue per Share
0.38
0.77
0.23
0.2
0.78
0.48
0.2
0.74
0.85
0.65
0.2
1.89
3.12
1.12
0.96
0.56
0.46
Basic EPS, GAAP
0.09
-0.09
-0.08
0.01
0.69
-0.21
0.64
0.88
0.66
0.24
0.65
1.99
3.51
1.4
1.05
1.19
0.71
Free Cash Flow per Basic Share
0.03
0.26
0.06
0.06
0.27
0.21
0.01
0.4
0.3
0.34
0.14
0.31
1.32
0.66
0.51
0.32
0.31
Dividend per Share
2.91
3.1
3.28
3.44
3.66
3.91
3.97
4.46
5.12
5.38
5.19
6.96
8.93
9.37
9.81
9.69
9.7
Book Value per Share
2.91
3.09
3.28
3.43
3.66
3.9
3.97
4.45
5.08
5.35
5.15
6.96
8.9
9.33
9.77
9.65
9.66
Tangible Book Value per Share
357
118
377
377
118
361
340
363
363
340
340
340
340
340
340
339
318
Basic Weighted Avg Shares
691
656
724
825
835
936
1,096
1,109
1,381
1,280
1,622
2,389
3,139
2,435
2,237
2,334
2,175
Sales/Revenue/Turnover
18.22
10.65
9.54
9.06
8.84
23.04
0.44
22.19
27.19
14.01
17.19
33.52
36.99
12.47
11.21
2.57
1.24
Operating Margin (%)
20
23
56
56
36
34
58
64
88
108
122
116
121
152
195
202
200
Depreciation Expense
134
91
85
73
91
173
70
270
309
221
70
643
1,062
383
328
188
148
Net Income, GAAP
17.2
16.65
12.49
20.84
11.28
9.24
- -
12.5
11.64
13.25
2.58
8.37
14.62
8.76
- -
- -
- -
Effective Tax Rate (%)
19.38
13.81
11.79
8.9
10.95
18.5
6.35
24.34
22.36
17.29
4.3
26.9
33.84
15.71
14.64
8.07
6.78
Profit Margin (%)
587
557
538
532
567
452
485
719
550
438
351
927
1,189
1,085
1,093
1,203
1,198
Working Capital
- -
- -
- -
8
12
16
39
60
353
450
416
343
291
226
179
351
314
LT Debt
1,031
1,097
1,163
1,218
1,278
1,336
1,357
1,523
1,749
1,838
1,772
2,370
3,041
3,191
3,341
3,286
3,289
Total Equity
10.59
4.78
5.32
5.04
5.19
14.65
- -
14.35
17.67
6.83
11.46
28.12
31.2
7.87
- -
- -
- -
Return on Invested Capital (%)
14.2
8.41
7.45
6.15
7.27
17.3
- -
18.8
20.04
11.4
4.34
26.1
35.09
11.79
- -
- -
- -
Return on Capital (%)
13.75
8.55
7.58
6.19
7.35
13.3
5.19
18.81
18.94
12.37
3.88
31.1
39.28
12.28
10.03
5.69
4.43
Return on Common Equity (%)

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
61
63
77
LT Borrowings
333
319
298
LT Finance Leases
18
15
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
339
339
339
Market Capitalization
3,999
4,022
3,609

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,785
1,758
1,657
Cash, Cash Equivalents & STI
990
998
796
Accounts Receivable, Net
198
173
218
Inventories
487
478
525
Total Current Liabilities
583
538
459
Payables & Accruals
- -
- -
- -
ST Debt
61
63
77
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.02%
14.01%
-1.64%
Free Cash Flow
-4.62%
42.47%
12.9%
Net Income, GAAP
91.1%
153.15%
-42.48%
Sales/Revenue/Turnover
11.47%
10.5%
4.37%
Total Cash Common Dividend
451.59%
66.47%
-37.43%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
509
522
598
607
2,237
2025
550
639
543
603
2,334
2026
506
524
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.17
0.3
0.37
0.96
2025
0.1
0.05
0.13
0.29
0.56
2026
-0.01
0.01
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.05
0.41
0.51
2025
- -
- -
0.05
0.24
0.32
2026
- -
- -
- -
- -
- -
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Business
Cia de Ferro Ligas da Bahia – FERBASA (FERBASA) manufactures and sells ferroalloys, including high-carbon ferrochrome, low-carbon ferrochrome, ferrochrome silicon, and ferrosilicon 75%; it also engages in chromite mining, reforestation, and renewable energy generation through wind farms. The company operates an integrated production process with mining rights over nearly 95% of Brazil's chromite reserves, a sustainable vegetable charcoal supply, and a metallurgical plant featuring 14 reduction furnaces located in Pojuca, Bahia; its primary mines are Coitezeiro in Campo Formoso and Ipueira in Andorinha, both in the central-north region of Bahia state. FERBASA serves the steel industry, producing alloys used in stainless steel, special steels, deoxidizing agents, and silicon steels for applications in corrosion-resistant products, automotive, and casting sectors, with sales in Brazil and internationally. Founded on February 23, 1961, by engineer José Corgosinho de Carvalho Filho, and headquartered in Salvador, Bahia, Brazil, with its industrial park in Pojuca, FERBASA ranks among Brazil's 500 largest companies and Bahia's top 10, generating annual revenue exceeding US$500 million. As the leader in Brazilian ferroalloy production and the Americas' only integrated ferrochrome producer, it maintains vertical integration across mining, metallurgy, and forest resources to ensure high-quality output and process efficiency. In recent developments, FERBASA continues to emphasize sustainable operations, including its wind farm in southwest Bahia with 170.2 MW installed capacity, while reporting ongoing shareholding transactions and quarterly financial results, such as the 3Q25 earnings presentation and conference call in November 2025; no major acquisitions, partnerships, funding rounds, or strategic shifts have been publicly announced in the last 1-2 years.