CSN Mineracao (BSP:CMIN3) EBIT: R$4,064 Mil (TTM As of Mar. 2026)


BSP:CMIN3 CSN Mineracao SA BSP:CMIN3
74 GF Score
Price R$4.25
GF Value R$5.31
Valuation Modestly Undervalued
! 7 Warning Signs
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What is CSN Mineracao EBIT?

CSN Mineracao BSP:CMIN3 +0.24% 74 EBIT is R$4,064 Mil as of Mar. 2026. GuruFocus rates BSP:CMIN3 with a GF Score™ of 74/100 and a GF Value™ of R$5.31 (Modestly Undervalued). The stock has 7 warning signs investors should review.

CSN Mineracao's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was R$585 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R$4,064 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CSN Mineracao's annualized ROC % for the quarter that ended in Mar. 2026 was 10.26%. CSN Mineracao's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.10%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CSN Mineracao's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.28%.


CSN Mineracao  (BSP:CMIN3) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

CSN Mineracao's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=3751.604 * ( 1 - 25.49% )/( (27231.214 + 27269.772)/ 2 )
=2795.3201404/27250.493
=10.26 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=33553.574 - 4277.004 - ( 8889.966 - max(0, 10039.25 - 12084.606+8889.966))
=27231.214

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=34188.48 - 3465.502 - ( 8861.073 - max(0, 9233.494 - 12686.7+8861.073))
=27269.772

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

CSN Mineracao's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2340.636/( ( (10994.169 + max(-5306.958, 0)) + (11190.051 + max(-4084.522, 0)) )/ 2 )
=2340.636/( ( 10994.169 + 11190.051 )/ 2 )
=2340.636/11092.11
=21.10 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1914.795 + 825.422 + 324.306) - (4277.004 + 0 + 4094.477)
=-5306.958

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2257.136 + 833.78 + 491.405) - (3465.502 + 0 + 4201.341)
=-4084.522

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

CSN Mineracao's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=4064.473/23514.877
=17.28 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CSN Mineracao EBIT Related Terms


CSN Mineracao EBIT Historical Data

* Premium members only.

The historical data trend for CSN Mineracao's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CSN Mineracao EBIT Chart

CSN Mineracao Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only 9,463.50 4,419.28 5,674.32 6,965.17 3,780.08

CSN Mineracao Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 300.77 447.31 1,330.66 1,701.34 585.16

BSP:CMIN3 vs NUE, STLD, RS: EBIT Comparison

For the Steel subindustry, CSN Mineracao's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CSN Mineracao EV-to-EBIT vs Steel Industry

For the Steel industry and Basic Materials sector, CSN Mineracao's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CSN Mineracao's EV-to-EBIT falls into.


BSP:CMIN3
74GF Score
CSN Mineracao SA BSP:CMIN3
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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CSN Mineracao EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$4,064 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R$4,064 Mil mean?
CSN Mineracao (BSP:CMIN3) has a EBIT of R$4,064 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CSN Mineracao.
Is CSN Mineracao's EBIT too high?
CSN Mineracao's current EBIT is R$4,064 Mil. Overall, CSN Mineracao has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CSN Mineracao's EBIT compare to NUE and STLD?
CSN Mineracao's EBIT of R$4,064 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Steel company?
A good EBIT depends on the Steel industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on CSN Mineracao. CSN Mineracao's current EBIT is R$4,064 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSN Mineracao stock overvalued right now?
Based on GuruFocus' analysis, CSN Mineracao (BSP:CMIN3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$5.31, compared to a current price of R$4.25 — trading 20% below its estimated fair value. The current EBIT is R$4,064 Mil. CSN Mineracao's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For CSN Mineracao (BSP:CMIN3), the current EBIT is R$4,064 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CSN Mineracao (BSP:CMIN3) Overvalued in 2026?

Based on GuruFocus' analysis, CSN Mineracao stock appears to be undervalued. The current stock price of R$4.25 is trading 20% below its estimated GF Value™ of R$5.31. GuruFocus considers CSN Mineracao to be Modestly Undervalued.

Key valuation signals for BSP:CMIN3:

  • EBIT: R$4,064 Mil
  • GF Value™: R$5.31 vs. price of R$4.25 (20% below fair value)
  • GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the BSP:CMIN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CSN Mineracao Business Description

Address Casa de Pedra, PO Box: 97, Congonhas, MG, BRA, 36415-000
CSN Mineracao SA is engaged in the steelmaking business. The company operates in steel, mining, cement, logistics, and energy segments. The product portfolio includes flat, long, steel packaging, steel cutting services, and others. The company operates in Asia, Europe, and the domestic country, with the majority of revenue from Asia.
74GF Score

Get the complete analysis for BSP:CMIN3

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$4.25
Price
R$5.31
GF Value