CIA SIDERURGICA NACL-SP ADR (SID) Stock Fundamental Analysis
NYSE:SID - New York Stock Exchange, Inc. - US20440W1053 - ADR - Currency: USD
We assign a fundamental rating of 3 out of 10 to SID. SID was compared to 157 industry peers in the Metals & Mining industry. Both the profitability and financial health of SID have multiple concerns. SID is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SID has reported negative net income.
SID had a positive operating cash flow in the past year.
In multiple years SID reported negative net income over the last 5 years.
SID had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SID's Return On Assets of -2.63% is in line compared to the rest of the industry. SID outperforms 48.41% of its industry peers.
SID's Return On Equity of -20.03% is on the low side compared to the rest of the industry. SID is outperformed by 69.43% of its industry peers.
SID's Return On Invested Capital of 4.53% is fine compared to the rest of the industry. SID outperforms 62.42% of its industry peers.
SID had an Average Return On Invested Capital over the past 3 years of 7.55%. This is below the industry average of 12.11%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.63% | ||
| ROE | -20.03% | ||
| ROIC | 4.53% |
ROA(3y)-0.34%
ROA(5y)4.09%
ROE(3y)-4.99%
ROE(5y)16.73%
ROIC(3y)7.55%
ROIC(5y)12.18%
1.3 Margins
Looking at the Operating Margin, with a value of 9.97%, SID is in the better half of the industry, outperforming 65.61% of the companies in the same industry.
In the last couple of years the Operating Margin of SID has declined.
Looking at the Gross Margin, with a value of 26.82%, SID is in the better half of the industry, outperforming 66.24% of the companies in the same industry.
In the last couple of years the Gross Margin of SID has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.97% | ||
| PM (TTM) | N/A | ||
| GM | 26.82% |
OM growth 3Y-38.47%
OM growth 5Y-11.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16.55%
GM growth 5Y-3.58%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SID is still creating some value.
Compared to 1 year ago, SID has about the same amount of shares outstanding.
The number of shares outstanding for SID has been reduced compared to 5 years ago.
SID has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.88, we must say that SID is in the distress zone and has some risk of bankruptcy.
SID's Altman-Z score of 0.88 is on the low side compared to the rest of the industry. SID is outperformed by 77.71% of its industry peers.
The Debt to FCF ratio of SID is 23.78, which is on the high side as it means it would take SID, 23.78 years of fcf income to pay off all of its debts.
SID has a Debt to FCF ratio of 23.78. This is in the better half of the industry: SID outperforms 60.51% of its industry peers.
A Debt/Equity ratio of 3.70 is on the high side and indicates that SID has dependencies on debt financing.
With a Debt to Equity ratio value of 3.70, SID is not doing good in the industry: 93.63% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.7 | ||
| Debt/FCF | 23.78 | ||
| Altman-Z | 0.88 |
ROIC/WACC0.66
WACC6.88%
2.3 Liquidity
A Current Ratio of 1.64 indicates that SID should not have too much problems paying its short term obligations.
SID's Current ratio of 1.64 is on the low side compared to the rest of the industry. SID is outperformed by 67.52% of its industry peers.
A Quick Ratio of 1.18 indicates that SID should not have too much problems paying its short term obligations.
The Quick ratio of SID (1.18) is worse than 61.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
The earnings per share for SID have decreased strongly by -1540.86% in the last year.
Looking at the last year, SID shows a small growth in Revenue. The Revenue has grown by 2.40% in the last year.
The Revenue has been growing by 11.42% on average over the past years. This is quite good.
EPS 1Y (TTM)-1540.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-52.78%
Revenue 1Y (TTM)2.4%
Revenue growth 3Y-3.03%
Revenue growth 5Y11.42%
Sales Q2Q%12.3%
3.2 Future
SID is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.74% yearly.
Based on estimates for the next years, SID will show a small growth in Revenue. The Revenue will grow by 7.67% on average per year.
EPS Next Y131.02%
EPS Next 2Y42.75%
EPS Next 3Y26.74%
EPS Next 5YN/A
Revenue Next Year3.95%
Revenue Next 2Y2.2%
Revenue Next 3Y3.22%
Revenue Next 5Y7.67%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SID reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 173.18, the valuation of SID can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SID indicates a slightly more expensive valuation: SID is more expensive than 61.15% of the companies listed in the same industry.
SID's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 35.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 173.18 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SID indicates a rather cheap valuation: SID is cheaper than 91.08% of the companies listed in the same industry.
98.09% of the companies in the same industry are more expensive than SID, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.4 | ||
| EV/EBITDA | 5.01 |
4.3 Compensation for Growth
SID's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
SID's earnings are expected to grow with 26.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y42.75%
EPS Next 3Y26.74%
5. Dividend
5.1 Amount
SID has a Yearly Dividend Yield of 1.18%.
Compared to an average industry Dividend Yield of 2.68, SID pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, SID's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
5.2 History
On average, the dividend of SID grows each year by 6.56%, which is quite nice.
SID has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)6.56%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SID has negative earnings and hence a negative payout ratio. The dividend may be in danger.
SID's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-96.72%
EPS Next 2Y42.75%
EPS Next 3Y26.74%
1.37
+0.06 (+4.58%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners14.53%
Inst Owner Change0.05%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.82B
Analysts47.5
Price Target1.91 (39.42%)
Short Float %1.79%
Short Ratio3.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
Yearly Dividend0.34
Dividend Growth(5Y)6.56%
DP-96.72%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-102.26%
Min EPS beat(2)-298.69%
Max EPS beat(2)94.17%
EPS beat(4)2
Avg EPS beat(4)-99.92%
Min EPS beat(4)-298.69%
Max EPS beat(4)94.17%
EPS beat(8)3
Avg EPS beat(8)-94.23%
EPS beat(12)3
Avg EPS beat(12)-101.6%
EPS beat(16)3
Avg EPS beat(16)-86.87%
Revenue beat(2)0
Avg Revenue beat(2)-2.46%
Min Revenue beat(2)-3.53%
Max Revenue beat(2)-1.39%
Revenue beat(4)0
Avg Revenue beat(4)-2.54%
Min Revenue beat(4)-3.53%
Max Revenue beat(4)-1.39%
Revenue beat(8)0
Avg Revenue beat(8)-2.95%
Revenue beat(12)1
Avg Revenue beat(12)-2.73%
Revenue beat(16)1
Avg Revenue beat(16)-3.97%
PT rev (1m)-0.69%
PT rev (3m)-5.41%
EPS NQ rev (1m)-125.07%
EPS NQ rev (3m)-115.95%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-1.76%
Revenue NQ rev (3m)-3.46%
Revenue NY rev (1m)-1.19%
Revenue NY rev (3m)-1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 173.18 | ||
| P/S | 0.22 | ||
| P/FCF | 4.4 | ||
| P/OCF | 1.23 | ||
| P/B | 0.76 | ||
| P/tB | 3.72 | ||
| EV/EBITDA | 5.01 |
EPS(TTM)-0.24
EYN/A
EPS(NY)0.01
Fwd EY0.58%
FCF(TTM)0.31
FCFY22.75%
OCF(TTM)1.11
OCFY81.1%
SpS6.15
BVpS1.79
TBVpS0.37
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.63% | ||
| ROE | -20.03% | ||
| ROCE | 5.74% | ||
| ROIC | 4.53% | ||
| ROICexc | 6.17% | ||
| ROICexgc | 7.54% | ||
| OM | 9.97% | ||
| PM (TTM) | N/A | ||
| GM | 26.82% | ||
| FCFM | 5.07% |
ROA(3y)-0.34%
ROA(5y)4.09%
ROE(3y)-4.99%
ROE(5y)16.73%
ROIC(3y)7.55%
ROIC(5y)12.18%
ROICexc(3y)10.03%
ROICexc(5y)17.47%
ROICexgc(3y)12.74%
ROICexgc(5y)22.22%
ROCE(3y)9.55%
ROCE(5y)15.41%
ROICexcg growth 3Y-48.8%
ROICexcg growth 5Y-10.24%
ROICexc growth 3Y-48.28%
ROICexc growth 5Y-9.97%
OM growth 3Y-38.47%
OM growth 5Y-11.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16.55%
GM growth 5Y-3.58%
F-Score4
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.7 | ||
| Debt/FCF | 23.78 | ||
| Debt/EBITDA | 5.79 | ||
| Cap/Depr | 149.9% | ||
| Cap/Sales | 13.01% | ||
| Interest Coverage | 1.05 | ||
| Cash Conversion | 96.93% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.18 | ||
| Altman-Z | 0.88 |
F-Score4
WACC6.88%
ROIC/WACC0.66
Cap/Depr(3y)130.62%
Cap/Depr(5y)117.55%
Cap/Sales(3y)9.94%
Cap/Sales(5y)8.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1540.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-52.78%
EPS Next Y131.02%
EPS Next 2Y42.75%
EPS Next 3Y26.74%
EPS Next 5YN/A
Revenue 1Y (TTM)2.4%
Revenue growth 3Y-3.03%
Revenue growth 5Y11.42%
Sales Q2Q%12.3%
Revenue Next Year3.95%
Revenue Next 2Y2.2%
Revenue Next 3Y3.22%
Revenue Next 5Y7.67%
EBIT growth 1Y-11.8%
EBIT growth 3Y-40.33%
EBIT growth 5Y-1.89%
EBIT Next Year108.84%
EBIT Next 3Y29.73%
EBIT Next 5Y23.47%
FCF growth 1Y-25.85%
FCF growth 3Y-35.8%
FCF growth 5Y3.51%
OCF growth 1Y25.66%
OCF growth 3Y-16.38%
OCF growth 5Y12.17%