CSN Mineração S.A (CMIN3) - Net Assets
Based on the latest financial reports, CSN Mineração S.A (CMIN3) has net assets worth R$6.76 Billion BRL (≈ $1.33 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$33.55 Billion ≈ $6.58 Billion USD) and total liabilities (R$26.79 Billion ≈ $5.26 Billion USD). 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. Check CSN Mineração S.A tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$6.76 Billion |
| % of Total Assets | 20.14% |
| Annual Growth Rate | N/A |
| 5-Year Change | -51.71% |
| 10-Year Change | -26.93% |
| Growth Volatility | 17.18 |
CSN Mineração S.A - Net Assets Trend (2014–2025)
This chart illustrates how CSN Mineração S.A's net assets have evolved over time, based on quarterly financial data. See CMIN3 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for CSN Mineração S.A (2014–2025)
The table below shows the annual net assets of CSN Mineração S.A from 2014 to 2025. For live valuation and market cap data, see CMIN3 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$6.76 Billion ≈ $1.33 Billion |
-34.18% |
| 2024-12-31 | R$10.27 Billion ≈ $2.01 Billion |
-4.02% |
| 2023-12-31 | R$10.70 Billion ≈ $2.10 Billion |
-6.10% |
| 2022-12-31 | R$11.39 Billion ≈ $2.24 Billion |
-18.61% |
| 2021-12-31 | R$14.00 Billion ≈ $2.75 Billion |
+32.04% |
| 2020-12-31 | R$10.60 Billion ≈ $2.08 Billion |
+13.30% |
| 2019-12-31 | R$9.36 Billion ≈ $1.84 Billion |
-9.45% |
| 2018-12-31 | R$10.33 Billion ≈ $2.03 Billion |
+4.53% |
| 2017-12-31 | R$9.89 Billion ≈ $1.94 Billion |
+6.87% |
| 2016-12-31 | R$9.25 Billion ≈ $1.82 Billion |
+5.85% |
| 2015-12-31 | R$8.74 Billion ≈ $1.71 Billion |
+56114.31% |
| 2014-12-31 | R$-15.60 Million ≈ $-3.06 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to CSN Mineração S.A'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 68030400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | R$7.47 Billion | 111.88% |
| Other Comprehensive Income | R$-469.51 Million | -7.03% |
| Other Components | R$404.90 Million | 6.06% |
| Total Equity | R$6.68 Billion | 100.00% |
CSN Mineração S.A Competitors by Market Cap
The table below lists competitors of CSN Mineração S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fortune Brands Innovations Inc.
NYSE:FBIN
|
$4.55 Billion |
|
Sabra Healthcare REIT Inc
NASDAQ:SBRA
|
$4.55 Billion |
|
MGM China Holdings Limited
F:M04
|
$4.55 Billion |
|
AAC Technologies Holdings Inc
F:A2XN
|
$4.56 Billion |
|
LG Display Co Ltd
NYSE:LPL
|
$4.55 Billion |
|
Amicus Therapeutics Inc
NASDAQ:FOLD
|
$4.55 Billion |
|
Andon Health Co Ltd
SHE:002432
|
$4.55 Billion |
|
CNO Financial Group Inc
NYSE:CNO
|
$4.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CSN Mineração S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,269,114,000 to 6,680,126,000, a change of -3,588,988,000 (-34.9%).
- Net income of 1,649,647,000 contributed positively to equity growth.
- Dividend payments of 2,283,627,000 reduced retained earnings.
- Other comprehensive income increased equity by 117,736,999.
- Other factors decreased equity by 3,072,744,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$1.65 Billion | +24.69% |
| Dividends Paid | R$2.28 Billion | -34.19% |
| Other Comprehensive Income | R$117.74 Million | +1.76% |
| Other Changes | R$-3.07 Billion | -46.0% |
| Total Change | R$- | -34.95% |
Book Value vs Market Value Analysis
This analysis compares CSN Mineração S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.47x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | R$-0.01 | R$4.27 | x |
| 2015-12-31 | R$3.92 | R$4.27 | x |
| 2016-12-31 | R$8.28 | R$4.27 | x |
| 2017-12-31 | R$1820.73 | R$4.27 | x |
| 2018-12-31 | R$1.85 | R$4.27 | x |
| 2019-12-31 | R$1.67 | R$4.27 | x |
| 2020-12-31 | R$1.90 | R$4.27 | x |
| 2021-12-31 | R$2.52 | R$4.27 | x |
| 2022-12-31 | R$2.08 | R$4.27 | x |
| 2023-12-31 | R$1.95 | R$4.27 | x |
| 2024-12-31 | R$1.89 | R$4.27 | x |
| 2025-12-31 | R$1.23 | R$4.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CSN Mineração S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.69%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.15%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 5.02x
- Recent ROE (24.69%) is below the historical average (25.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | R$-5.86 Million |
| 2015 | 25.00% | 1114.06% | 0.01x | 1.66x | R$1.31 Billion |
| 2016 | 7.17% | 12.24% | 0.36x | 1.61x | R$-262.24 Million |
| 2017 | 8.87% | 15.94% | 0.34x | 1.65x | R$-111.68 Million |
| 2018 | 10.27% | 14.68% | 0.48x | 1.46x | R$28.39 Million |
| 2019 | 39.16% | 31.99% | 0.72x | 1.70x | R$2.73 Billion |
| 2020 | 38.02% | 29.23% | 0.70x | 1.85x | R$2.97 Billion |
| 2021 | 45.51% | 33.46% | 0.71x | 1.93x | R$4.97 Billion |
| 2022 | 25.89% | 22.23% | 0.53x | 2.20x | R$1.81 Billion |
| 2023 | 33.36% | 18.90% | 0.64x | 2.78x | R$2.50 Billion |
| 2024 | 44.09% | 27.45% | 0.45x | 3.54x | R$3.50 Billion |
| 2025 | 24.69% | 9.15% | 0.54x | 5.02x | R$981.63 Million |
Industry Comparison
This section compares CSN Mineração S.A's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $11,317,597,878
- Average return on equity (ROE) among peers: 20.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CSN Mineração S.A (CMIN3) | R$6.76 Billion | 0.00% | 3.96x | $4.55 Billion |
| Companhia Siderúrgica Nacional (CSNA3) | $2.36 Billion | 89.40% | 6.09x | $1.46 Billion |
| Cia de Ferro Ligas da Bahia - FERBASA (FESA3) | $1.03 Billion | 13.00% | 0.17x | $238.60 Million |
| Gerdau S.A (GGBR3) | $20.15 Billion | 10.63% | 1.13x | $2.74 Billion |
| Metalurgica Gerdau S.A (GOAU3) | $27.23 Billion | 1.56% | 0.99x | $880.69 Million |
| Panatlântica S.A (PATI3) | $305.83 Million | 5.08% | 1.08x | $147.88 Million |
| Usinas Siderúrgicas de Minas Gerais S.A (USIM3) | $16.84 Billion | 4.00% | 0.78x | $1.20 Billion |
About CSN Mineração S.A
CSN Mineração S.A. engages in the iron ore mining business in Brazil, Asia, and Europe. The company operates Casa de Pedra, Engenho, and Pires mines. It also operates a hydroelectric power plant. The company was founded in 1913 and is based in São Paulo, Brazil. CSN Mineração S.A. operates as a subsidiary of Companhia Siderúrgica Nacional.