Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and pr… Read more
Companhia Siderúrgica Nacional (SIDN) - Net Assets
Latest net assets as of September 2025: MX$17.36 Billion MXN
Based on the latest financial reports, Companhia Siderúrgica Nacional (SIDN) has net assets worth MX$17.36 Billion MXN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$100.83 Billion) and total liabilities (MX$83.47 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | MX$17.36 Billion |
| % of Total Assets | 17.21% |
| Annual Growth Rate | 6.09% |
| 5-Year Change | 37.4% |
| 10-Year Change | 118.0% |
| Growth Volatility | 34.64 |
Companhia Siderúrgica Nacional - Net Assets Trend (2013–2024)
This chart illustrates how Companhia Siderúrgica Nacional's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Companhia Siderúrgica Nacional (2013–2024)
The table below shows the annual net assets of Companhia Siderúrgica Nacional from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | MX$15.46 Billion | -21.47% |
| 2023-12-31 | MX$19.68 Billion | -9.77% |
| 2022-12-31 | MX$21.82 Billion | -6.67% |
| 2021-12-31 | MX$23.37 Billion | +107.74% |
| 2020-12-31 | MX$11.25 Billion | -0.97% |
| 2019-12-31 | MX$11.36 Billion | +13.47% |
| 2018-12-31 | MX$10.01 Billion | +20.82% |
| 2017-12-31 | MX$8.29 Billion | +12.24% |
| 2016-12-31 | MX$7.38 Billion | +4.14% |
| 2015-12-31 | MX$7.09 Billion | +23.65% |
| 2014-12-31 | MX$5.73 Billion | -28.93% |
| 2013-12-31 | MX$8.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Companhia Siderúrgica Nacional's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | MX$12.27 Billion | 100.00% |
| Total Equity | MX$12.27 Billion | 100.00% |
Companhia Siderúrgica Nacional Competitors by Market Cap
The table below lists competitors of Companhia Siderúrgica Nacional ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Navigator Company S.A
PINK:POELF
|
$831.25 Million |
|
WG Tech JiangXi Co Ltd
SHG:603773
|
$831.28 Million |
|
Ascendas India Trust
PINK:ACNDF
|
$831.45 Million |
|
Hexing Electrical Co Ltd
SHG:603556
|
$831.55 Million |
|
TWO HARBORS INV. DL-0001
F:2H2
|
$831.15 Million |
|
Hotel Shilla Co Ltd
KO:008775
|
$830.51 Million |
|
Headwater Exploration Inc
PINK:CDDRF
|
$830.46 Million |
|
Guangdong Tapai Group Co Ltd
SHE:002233
|
$830.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Companhia Siderúrgica Nacional's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,500,675,000 to 12,271,438,000, a change of -5,229,237,000 (-29.9%).
- Net loss of 2,591,851,000 reduced equity.
- Dividend payments of 2,535,325,000 reduced retained earnings.
- Share repurchases of 336,162,000 reduced equity.
- Other factors increased equity by 234,101,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | MX$-2.59 Billion | -21.12% |
| Dividends Paid | MX$2.54 Billion | -20.66% |
| Share Repurchases | MX$336.16 Million | -2.74% |
| Other Changes | MX$234.10 Million | +1.91% |
| Total Change | MX$- | -29.88% |
Book Value vs Market Value Analysis
This analysis compares Companhia Siderúrgica Nacional's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.68x to 3.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | MX$5.06 | MX$28.78 | x |
| 2018-12-31 | MX$6.27 | MX$28.78 | x |
| 2019-12-31 | MX$7.37 | MX$28.78 | x |
| 2020-12-31 | MX$7.18 | MX$28.78 | x |
| 2021-12-31 | MX$15.14 | MX$28.78 | x |
| 2022-12-31 | MX$14.70 | MX$28.78 | x |
| 2023-12-31 | MX$13.20 | MX$28.78 | x |
| 2024-12-31 | MX$9.25 | MX$28.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Companhia Siderúrgica Nacional utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -21.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.93%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 8.47x
- Recent ROE (-21.12%) is below the historical average (11.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 6.29% | 2.94% | 0.34x | 6.23x | MX$-300.63 Million |
| 2014 | -1.85% | -0.65% | 0.32x | 8.74x | MX$-674.86 Million |
| 2015 | -20.36% | -7.96% | 0.32x | 7.94x | MX$-1.81 Billion |
| 2016 | -15.09% | -5.45% | 0.39x | 7.13x | MX$-1.55 Billion |
| 2017 | 0.15% | 0.06% | 0.41x | 6.43x | MX$-692.47 Million |
| 2018 | 58.31% | 22.09% | 0.49x | 5.44x | MX$4.20 Billion |
| 2019 | 17.58% | 7.03% | 0.50x | 5.00x | MX$771.61 Million |
| 2020 | 38.27% | 12.62% | 0.48x | 6.36x | MX$2.80 Billion |
| 2021 | 66.92% | 28.38% | 0.60x | 3.91x | MX$11.56 Billion |
| 2022 | 7.97% | 3.50% | 0.52x | 4.38x | MX$-394.89 Million |
| 2023 | -1.82% | -0.70% | 0.50x | 5.23x | MX$-2.07 Billion |
| 2024 | -21.12% | -5.93% | 0.42x | 8.47x | MX$-3.82 Billion |
Industry Comparison
This section compares Companhia Siderúrgica Nacional's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $13,447,588,000
- Average return on equity (ROE) among peers: 4.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Companhia Siderúrgica Nacional (SIDN) | MX$17.36 Billion | 6.29% | 4.81x | $831.16 Million |
| G Collado S.A.B. de C.V (COLLADO) | $1.23 Billion | 0.00% | 3.78x | $49.29 Million |
| Grupo Simec S.A.B. de C.V (SIMECB) | $25.67 Billion | 8.06% | 0.26x | $642.65 Million |