Added to YB: 2026-06-30
Pitch date: 2026-06-26
CMIN3.SA [bullish]
CSN Mineração S.A.
Author Info
No bio for this author
Company Info
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.
Market Cap
BRL 22.2B
Pitch Price
N/A
Price Target
11.40 (+168%)
Dividend
N/A
EV/EBITDA
3.68
P/E
N/A
EV/Sales
1.26
Sector
Metals and Mining
Category
value
Weird Shit Investing 2026 - CSN Mineração S.A.
CMIN3.SA: Crown jewel iron ore miner (53% of CSN group EBITDA) trading at distressed valuations on parent overhang. Strong, low-leverage balance sheet vs distressed parent. 6x CAPE, 4.5x EBITDA, 9x NOPAT, 147% 10yr cumulative CF/mkt cap. Conservative model: +168% return, 27% IRR. Risks: parent default, iron ore prices, governance.
Read full article (2 min)