SID

Companhia Siderurgica NacionalA

NYSE / Materials

At close

2026-06-02

Current thesis

The 1Q26 filing supports a stabilization case: adjusted EBITDA improved versus 1Q25, cement delivered its highest segment EBITDA, logistics remained resilient, and leverage eased to 3.36x. If the indicated 2Q26 steel and mining carry-through appears in reported numbers, SID can keep moving toward a deleveraging-led rerate.

Posture

Constructive

Lead driver

Momentum

What changed

Momentum remains the lead driver in the composite.

What can break

Free cash flow was negative by R$1.598 billion in 1Q26, reflecting seasonality, working-capital consumption, elevated financial expenses, and debt amortization.

Momentum

100

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $1.72 · Bull $2.15 · Bear $0.90

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-28 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade A · Constructive

Confidence Medium · Net Neutral

Target $1.72

Why

Momentum100 · Δ7d -

Value56 · Δ7d +0.1

Sentiment59 · Δ7d -

So what

Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Lead driver: Momentum · See technicals

Momentum

100

34% active weight

Current posture

7d trendTrend unavailable

Trend unavailable

Δ7d

Δ21d

Value

32% active weight

Current posture

7d trendFlat

Δ7d

+0.1

Δ21d

+0.1

Sentiment

33% active weight

Current posture

7d trendTrend unavailable

Trend unavailable

Δ7d

Δ21d

Why this grade

Composite grade A. Momentum 99.9 / Value 56.3 / Sentiment 59.3

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$1.72B

Beta

1.39

Shares Out

1.33B

P/E (TTM) · Derived

-33.0

P/S (TTM)

0.26

P/FCF (TTM)

19.33

Rev YoY

+6.6%

EPS YoY

+83.7%

Gross Margin

+27.5%

Op Margin

+12.2%

Net Debt

$6.25B

Current Ratio

1.32

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology