Markets · Stocks & ETFs · ADR
Usiminas (OTC: USNZY)
Brazilian ADR trading on the OTC, priced in US dollars.
- Market Cap
- $1.49B
- P/E (TTM)
- —
- P/B
- 0.4x
- EPS (TTM)
- $-0.37
- Dividend Yield
- —
- 52-Week Range
- $0.75 – $2.35
- Volume
- 330K
- Previous Close
- $1.35
TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.
Performance
About Usiminas
- US Ticker
- USNZY
- B3 Ticker
- USIM5
- Exchange
- OTC
- Currency
- USD
- Sector
- Basic Materials
- Industry
- Steel
- Headquarters
- Belo Horizonte, MG, Brazil
- Employees
- —
- CEO
- Mr. Marcelo Rodolfo Chara
- Founded
- 1956
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 rolled, electrogalvanized, and hot dip galvanized products for the automotive, construction, distribution, energy, oil and gas, and machinery and equipment markets.
It is also involved in the extraction and processing of iron ore as pellet feed, sinter feed, and granulated iron ore; steel transformation solutions; operating a distribution center; manufacture and installation of equipment for various industries; and transformation of cold-rolled coils into hot dip galvanized coils.
In addition, the company engages in the operation of highway and railway cargo terminals, storage and handling of iron ore and steel products, and road cargo transportation; and rendering of services, rectification of cylinders, and rolling mill rolls.
Usinas Siderúrgicas de Minas Gerais S.A. was incorporated in 1956 and is headquartered in Belo Horizonte, Brazil.
Analyst Ratings
Consensus of 1 Wall Street analyst · sourced from Yahoo Finance
On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.
12-Month Price Target
The average target is +26.98% above the current price of $1.26.
Financial Results
Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).
Financial Health
Margins, leverage and cash-flow quality derived from Usiminas's income statement, balance sheet and cash flow (absolute figures in USD).
Overall: Financially Solid
- Net Margin
- 5.3%
- ROE
- 6.3%
- Rev Growth (YoY)
- -5.56%
- Net Debt / EBITDA
- 0.43×
- Current Ratio
- 4.44×
- Interest Coverage
- —
- Free Cash Flow
- 1.16B
- Payout Ratio
- 6.8%
Income — Margins & Efficiency
| Metric | Last 12MQ3'25 – Q2'26 | Δ | 2025 | Δ | 2024 | Δ | 2023 | Δ | 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4,793,289,466 | -0.1% | $4,795,926,007 | +14.5% | $4,187,474,546 | -26.5% | $5,698,393,468 | -7.3% | $6,144,364,758 |
| Gross profit | $479,185,847 | +20.2% | $398,803,733 | +48.4% | $268,689,360 | -27.1% | $368,609,542 | -65.7% | $1,074,759,679 |
| Operating income | $623,130,230 | +458.5% | $111,577,371 | +168.5% | $41,552,793 | -71.3% | $144,906,396 | -80.1% | $727,412,671 |
| EBITDA | $533,756,160 | +314.4% | $128,810,672 | -56.1% | $293,495,524 | -51.2% | $601,798,895 | -33.3% | $902,623,283 |
| Net profit | $254,071,734 | +145.2% | -$562,103,649 | -2279.4% | -$23,623,885 | -108.2% | $286,777,040 | -6.2% | $305,706,771 |
| Gross margin | 10.0% | +1.7 p.p. | 8.3% | +1.9 p.p. | 6.4% | -0.1 p.p. | 6.5% | -11.0 p.p. | 17.5% |
| Operating margin | 13.0% | +10.7 p.p. | 2.3% | +1.3 p.p. | 1.0% | -1.6 p.p. | 2.5% | -9.3 p.p. | 11.8% |
| EBITDA margin | 11.1% | +8.4 p.p. | 2.7% | -4.3 p.p. | 7.0% | -3.6 p.p. | 10.6% | -4.1 p.p. | 14.7% |
| Net margin | 5.3% | +17.0 p.p. | -11.7% | -11.2 p.p. | -0.6% | -5.6 p.p. | 5.0% | +0.1 p.p. | 5.0% |
| Revenue growth (YoY) | -5.6% | -7.1 p.p. | 1.5% | +7.9 p.p. | -6.4% | +8.5 p.p. | -14.9% | — | — |
| Effective tax rate | -29.4% | +67.1 p.p. | -96.5% | -200.0 p.p. | 103.5% | +144.2 p.p. | -40.7% | -76.9 p.p. | 36.2% |
| Interest coverage | — | — | -0.62× | -172.6% | 0.86× | -68.0% | 2.69× | -59.1% | 6.57× |
Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.
Balance Sheet — Health & Leverage
| Metric | Last 12MQ3'25 – Q2'26 | Δ | 2025 | Δ | 2024 | Δ | 2023 | Δ | 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Net debt | $229,748,971 | -34.6% | $351,172,163 | -15.2% | $413,993,590 | -11.8% | $469,408,890 | -42.8% | $820,509,594 |
| Net Debt / Equity | 0.06× | -38.0% | 0.09× | -13.7% | 0.11× | +12.2% | 0.10× | -49.0% | 0.19× |
| Net Debt / EBITDA | 0.43× | -84.2% | 2.73× | +93.3% | 1.41× | +80.8% | 0.78× | -14.2% | 0.91× |
| Debt / Equity | 0.31× | -8.2% | 0.34× | +4.5% | 0.32× | +2.0% | 0.32× | +1.7% | 0.31× |
| Current ratio | 4.44× | +7.8% | 4.12× | +13.0% | 3.64× | +12.1% | 3.25× | -13.9% | 3.78× |
| Return on equity (ROE) | 6.3% | +21.1 p.p. | -14.8% | -14.2 p.p. | -0.6% | -6.4 p.p. | 5.8% | -1.1 p.p. | 7.0% |
| Return on assets (ROA) | 3.7% | +12.4 p.p. | -8.6% | -8.3 p.p. | -0.4% | -3.8 p.p. | 3.5% | -0.6 p.p. | 4.0% |
| Book value / share | $3.26 | +5.5% | $3.09 | -1.7% | $3.14 | -21.4% | $4.00 | +12.3% | $3.56 |
Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.
Net Debt & Leverage
Free Cash Flow
Margins
Dividend Payout Ratio
Capex ÷ Revenue
Cash Conversion (operating cash flow ÷ net income)
Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.
Valuation & Dividends
Dividend History
Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.
Listings
Usiminas trades on 3 exchanges. Prices on this page are the OTC ADR (USNZY).
| Exchange | Ticker | Currency |
|---|---|---|
| OTCpriced here | USNZY | USD |
| B3 (São Paulo) | USIM5 | BRL |
| Frankfurt | U1S1 | EUR |
Frequently Asked Questions
Where is Usiminas listed?
Usiminas trades on 3 exchanges. The line quoted on this page is OTC in the United States (USNZY, US dollars). It also trades on B3 (São Paulo) in Brazil (USIM5, Brazilian reais) and Frankfurt in Germany (U1S1, euros).
On how many exchanges does Usiminas trade?
3. OTC — USNZY (USD) · B3 (São Paulo) — USIM5 (BRL) · Frankfurt — U1S1 (EUR). Prices shown on this page are the OTC line, USNZY.
What is Usiminas' primary listing?
Usiminas' primary listing is on the B3 in Brazil, where the shares trade as USIM5 in reais — the company's home market. The OTC line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.
What is the difference between USNZY and USIM5?
They are the same company and, economically, the same asset. USIM5 is the original Brazilian share, listed on the B3 and quoted in reais. USNZY is an American Depositary Receipt over that share, listed on the OTC and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The USNZY price therefore tracks two things: USIM5 in reais, and the USD/BRL exchange rate.
How can I buy Usiminas stock in Europe?
Usiminas trades in euros on one European venue: Frankfurt in Germany (U1S1). A European broker with access to that market can buy it in EUR, with no currency conversion on your side. The price shown on this page is the OTC line (USNZY), quoted in US dollars.
How can I buy Usiminas stock in the United States?
Usiminas is listed on the OTC under USNZY, priced in US dollars. Any US brokerage offering over-the-counter securities can trade it, with no foreign-account paperwork and no currency conversion.
As of Fri, Aug 14, 17:00 BRT · Market closed
Financial data last updated: August 1, 2026
