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Usiminas (USNZY) AI Stock Analysis
Usiminas
(Other OTC:USNZY)
The score is held down primarily by weak financial performance (TTM operating/net losses and revenue decline) and bearish technicals (below key moving averages with negative MACD). Offsetting factors include positive recent cash generation and a moderately constructive earnings-call backdrop featuring net cash and cost/productivity initiatives, though near-term margin and demand headwinds remain significant.
Usiminas (USNZY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.19B
- Dividend Yield
- ―
- Average Volume (3M)
- 56.20K
- Price to Earnings (P/E)
- -2.6
- Beta (1Y)
- 0.81
- Revenue Growth
- 0.12%
- EPS Growth
- -725.60%
- Country
- US
- Employees
- 15,233
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Steel
Usiminas Business Overview & Revenue Model
Company Description
Usinas Siderúrgicas de Minas Gerais S.A. operates in the steel industry and related activities in Brazil and internationally. It operates in two segments, Steel Metallurgy and Mining, and Logistics. The company offers thick plates, hot strips, colled...
How the Company Makes Money
Usiminas makes money primarily by producing and selling steel products, especially flat steel, to industrial customers in Brazil. Revenue is generated mainly from (1) sales of finished steel (e.g., coils, sheets, and other flat products) under commer...
Usiminas Earnings Call Summary
The call presented strong year-over-year EBITDA and EBIT growth, a solid net cash position, productivity improvements and multiple cost-reduction initiatives. However, these positives were offset by a 27% sequential EBITDA decline, weaker mining volumes and margins, negative cash flow, high raw-material and freight costs, import pressure, and expectations for lower Brazilian steel demand and continued cost pressure. Overall, the positive operational progress and financial position were balanced against significant current-quarter and forward-looking challenges.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management expects stability of steel shipments, with typical seasonality of the domestic market offset by greater exports, although the outlook also indicates a slight drop of steel during Q4; mining volumes in Q4 will be lower than in Q3, Samambaia capacity closure will maintain, and reopening will depend on conditions in the first quarter. Management expects pressure over margins from greater cost of raw material, energy and inputs in mining; for the next quarter, slab prices are expected to be stable, while the increase of coke prices will be more significant or higher, and the situation will not go back to normal during next quarter. Brazilian steel consumption is expected to drop during 2027. The gas meters will be completed during the first semester of 2027, and management expects to capitalize on the PCI and gas-meter benefits in the upcoming months until mid-2027; productivity has increased 20%, PCI can reduce the need of coal by 20%, fixed cost and general expenses have dropped over 30%, 100% of transportation contracts were restructured, and resourcing measures have a gain of efficiency of over 30%. Approximately 70% of costs are in dollars, so a higher exchange rate will reflect on a higher cost in BRL, while the mining effect is marginally positive; the Compactos investment decision is expected in 2027.
Usiminas Financial Statement Overview
Summary
Overall fundamentals are mixed but skew weak: the income statement shows material deterioration with TTM operating and net losses and a sharp revenue decline, outweighing the benefits of moderate leverage. Cash flow is supportive with positive TTM operating cash flow and free cash flow, but durability is questionable given the cycle-driven volatility and recent FCF decline.
Income Statement
28NegativeBalance Sheet
62PositiveCash Flow
58Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.88B | 25.84B | 25.87B | 27.64B | 32.47B | 33.74B |
| Gross Profit | 2.38B | 2.12B | 1.66B | 1.79B | 5.68B | 11.27B |
| EBITDA | 652.95M | 1.83B | 1.81B | 2.92B | 4.77B | 13.57B |
| Net Income | -2.32B | -3.02B | -145.95M | 1.39B | 1.62B | 9.07B |
Balance Sheet | ||||||
| Total Assets | 35.11B | 36.81B | 39.87B | 40.16B | 40.00B | 39.48B |
| Cash, Cash Equivalents and Short-Term Investments | 6.85B | 6.94B | 5.95B | 6.01B | 5.07B | 7.02B |
| Total Debt | 6.46B | 7.06B | 7.76B | 7.60B | 6.32B | 6.38B |
| Total Liabilities | 11.46B | 13.12B | 13.19B | 13.61B | 14.11B | 15.12B |
| Stockholders Equity | 20.75B | 20.80B | 23.88B | 23.86B | 23.16B | 21.75B |
Cash Flow | ||||||
| Free Cash Flow | 1.68B | 1.25B | -6.00M | 1.58B | -1.09B | 3.81B |
| Operating Cash Flow | 2.86B | 2.28B | 989.16M | 4.57B | 997.12M | 5.30B |
| Investing Cash Flow | -1.93B | -2.12B | -900.93M | -2.00B | -3.34B | -325.73M |
| Financing Cash Flow | -1.44B | -65.22M | -423.37M | -775.79M | -1.09B | -1.88B |
Usiminas Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For USNZY, the sentiment is Negative. The current price of 0.93 is below the 20-day moving average (MA) of 1.30, below the 50-day MA of 1.36, and below the 200-day MA of 1.48, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 21.65 is Positive, neither overbought nor oversold. The STOCH value of 0.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for USNZY.
Usiminas Peers Comparison
Overall Rating
TX72.5Outperform
GGB63Neutral
CLF54Neutral
MT53Neutral- USNZY48Neutral
SID35Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TX | 73Outperform | $10.36B | 14.58 | 5.77% | 4.17% | -0.65% | 18.90% |
| GGB | 63Neutral | $8.52B | 15.56 | 5.06% | 3.23% | 10.25% | 4.20% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| CLF | 54Neutral | $8.13B | -16.01 | -8.14% | ― | 8.10% | 75.20% |
| MT | 53Neutral | $44.68B | 25.04 | 3.31% | 1.21% | 3.25% | -27.63% |
| USNZY | 48Neutral | $1.11B | -2.57 | -11.20% | ― | 0.12% | -725.60% |
| SID | 35Underperform | $940.51M | -2.14 | -18.55% | ― | 9.29% | -26.44% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| USNZY | Usinas Siderurgicas de Minas | 0.93 | -0.12 | -11.14% | |
| MT | ArcelorMittal | 59.81 | 22.08 | 58.51% | |
| CLF | Cleveland-Cliffs | 14.25 | 2.38 | 20.05% | |
| GGB | Gerdau | 4.66 | 1.29 | 38.36% | |
| SID | Companhia Siderúrgica Nacional | 0.71 | -1.00 | -58.43% | |
| TX | Ternium | 52.77 | 18.70 | 54.90% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 30, 2026