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    Steel
Usinas Siderúrgicas de Minas Gerais S.A.

Usinas Siderúrgicas de Minas Gerais S.A.

USIM5.SA
Usinas Siderúrgicas de Minas Gerais S.A.BR flagB3 S.A.
8.45
BRL
-0.26
- -
9.43BMarket Cap
Usinas Siderúrgicas de Minas Gerais S.A.
USIM5.SA
(B3 S.A.)

Recent

price

8.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
13.13
12.06
12.88
12.99
11.89
10.31
7.54
8.74
11.18
12.16
13.08
27.41
26.38
22.45
21.02
21.34
21.6
Revenue per Share
1.6
0.24
-0.72
-0.14
0.13
-3.28
-0.6
0.19
0.59
0.17
0.55
7.37
1.31
1.13
-0.12
-2.5
0.3
Basic EPS, GAAP
-1.88
-3.05
0.76
0.07
0.24
-0.66
-0.48
0.54
0.06
1.05
2.41
3.13
-0.88
1.29
- -
0.82
-0.18
Free Cash Flow per Basic Share
0.6
0.38
0.1
0.11
0.15
0.04
- -
0.02
0.1
0.21
0.06
1.5
1
0.59
0.31
0.03
0.04
Dividend per Share
12.31
12.31
12.31
12.31
12.3
12.3
11.78
10.75
10.74
10.74
10.73
10.73
10.73
10.72
10.72
10.72
10.97
Book Value per Share
17.51
16.8
16.31
16.64
16.59
14.84
12.93
11.82
12.21
12.07
12.39
18.45
19.43
19.97
20.07
17.62
20.28
Tangible Book Value per Share
987
987
987
987
988
988
1,121
1,228
1,229
1,229
1,230
1,231
1,231
1,231
1,231
1,231
1,240
Basic Weighted Avg Shares
12,962
11,902
12,711
12,829
11,742
10,186
8,454
10,734
13,737
14,949
16,088
33,737
32,471
27,638
25,870
26,263
26,781
Sales/Revenue/Turnover
14.68
4.83
-3.66
3.13
4.38
-7.46
-7.13
8.81
11.18
6
11.01
34.91
11.84
2.54
0.99
2.33
2.7
Operating Margin (%)
823
857
965
1,072
1,115
1,312
1,216
1,172
1,030
992
1,000
983
903
1,062
1,226
1,275
1,248
Depreciation Expense
1,584
233
-707
-142
130
-3,236
-670
233
727
213
673
9,071
1,616
1,391
-146
-3,078
376
Net Income, GAAP
28.78
17.7
- -
- -
- -
- -
- -
25.15
32.92
14.91
30.02
18.45
36.17
- -
- -
- -
22.84
Effective Tax Rate (%)
12.22
1.96
-5.56
-1.1
1.1
-31.77
-7.92
2.17
5.29
1.43
4.18
26.89
4.98
5.03
-0.56
-11.72
1.4
Profit Margin (%)
8,774
8,421
5,305
4,373
3,476
2,399
4,668
4,208
4,989
5,972
7,351
13,667
14,966
12,417
12,648
12,723
13,721
Working Capital
6,904
7,479
6,339
5,511
4,978
5,957
6,857
5,646
5,383
5,061
5,870
6,181
6,152
5,855
6,717
6,288
7,554
LT Debt
19,029
19,014
18,513
18,834
18,762
14,994
15,192
15,184
15,697
15,566
16,838
24,359
25,888
26,549
26,684
23,701
27,149
Total Equity
5.54
1.72
- -
- -
- -
- -
- -
3.16
4.57
3.46
5.42
34
7.48
- -
- -
- -
1.6
Return on Invested Capital (%)
8.09
1.79
- -
- -
- -
- -
- -
3.01
4.32
2.1
1.36
36.82
6.57
- -
- -
- -
2.56
Return on Capital (%)
13.06
1.92
-5.82
-1.17
1.07
-26.63
-5.29
1.77
5.5
1.62
5.1
68.71
12.24
10.54
-1.11
-23.32
2.82
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,041
885
917
LT Borrowings
6,618
7,665
7,463
LT Finance Leases
100
93
90
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,231
1,231
1,231
Market Capitalization
6,677
7,129
5,109

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
17,431
18,340
18,065
Cash, Cash Equivalents & STI
5,954
6,556
6,744
Accounts Receivable, Net
3,157
3,557
3,251
Inventories
7,452
7,320
7,168
Total Current Liabilities
4,783
4,301
4,344
Payables & Accruals
- -
- -
- -
ST Debt
1,041
885
917
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.48%
8.57%
-11.18%
Free Cash Flow
-1,597.34%
-3,473.6%
-16,923.74%
Net Income, GAAP
319.33%
610.15%
2,009.13%
Sales/Revenue/Turnover
14.06%
17.24%
1.52%
Total Cash Common Dividend
85,279.46%
481.15%
-88.86%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,223
6,350
6,817
6,480
25,870
2025
6,858
6,626
6,175
- -
26,263
2026
5,871
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
-0.11
0.13
- -
-0.12
2025
0.24
0.08
- -
- -
-2.5
2026
0.63
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.27
- -
- -
0.31
2025
- -
0.01
- -
- -
0.03
2026
0.03
- -
- -
- -
- -
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Business
Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas) is a leading Brazilian steel company engaged in the production and distribution of flat steel products, including thick plates, hot-rolled strips and coils, cold-rolled and electrogalvanized sheets, and hot-dip galvanized steel. The company manufactures and installs industrial equipment, provides technology transfer services for the steel industry, and offers project management and services to civil construction and capital goods sectors. Additionally, Usiminas operates logistics and road transportation services for flat steel, and provides related services such as hot-dip galvanizing, cylinder texturing and chrome plating, steel transformation solutions, and distribution operations. Its products serve automotive, construction, energy, oil and gas, white goods, and machinery markets primarily in Brazil, with export markets including the United States, Argentina, and Turkey. Founded in 1956, the company is headquartered in Belo Horizonte, Brazil. Recently, Usiminas has undergone significant strategic developments including the consolidation of its ownership by steelmaker Ternium and an affiliate raising their stake to 51.5%, enhancing its market presence. The company reported a strong rebound in financial performance with an increase in steel shipments and net profit recovery driven partly by better tax recoverability. It is focused on sustainability with initiatives aimed at decarbonizing production by reducing gas emissions per ton of crude steel by 2030. Operational improvements include a 31% EBITDA growth in its steel unit in 2024 and cost reduction measures, despite challenges in its mining segment due to iron ore price declines. Usiminas also completed a cash tender offer for outstanding senior notes to optimize its capital structure and continues to invest approximately BRL 1 billion annually in capacity and efficiency improvements, emphasizing fuel efficiency and emissions reduction. The company’s recent strategic moves reflect a commitment to operational excellence, market expansion, and environmental sustainability within the steel and mining industry in Brazil and internationally.