Added to YB: 2026-06-30
Pitch date: 2026-06-26
CMIN3.SA [bullish]
CSN Mineração S.A.
+35.6%
current return
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 29.7B
Pitch Price
BRL 4.27
Price Target
11.40 (+97%)
Dividend
11.45%
EV/EBITDA
4.82
P/E
13.31
EV/Sales
1.69
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.
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