Usinas Siderurgicas de Minas Gerais (BSP:USIM3) ROCE %: 8.91% (As of Mar. 2026)


BSP:USIM3 Usinas Siderurgicas de Minas Gerais SA BSP:USIM3
60 GF Score
Price R$7.70
GF Value R$5.93
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Usinas Siderurgicas de Minas Gerais ROCE %?

Usinas Siderurgicas de Minas Gerais BSP:USIM3 -1.91% 60 ROCE % is 8.91% as of Mar. 2026. GuruFocus rates BSP:USIM3 with a GF Score™ of 60/100 and a GF Value™ of R$5.93 (Modestly Overvalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Usinas Siderurgicas de Minas Gerais's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.91%.

Usinas Siderurgicas de Minas Gerais  (BSP:USIM3) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Usinas Siderurgicas de Minas Gerais ROCE % Related Terms

Usinas Siderurgicas de Minas Gerais ROCE % Historical Data

* Premium members only.

The historical data trend for Usinas Siderurgicas de Minas Gerais's ROCE % 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.

Usinas Siderurgicas de Minas Gerais ROCE % Chart

Usinas Siderurgicas de Minas Gerais Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.93 11.42 5.36 1.68 -1.71

Usinas Siderurgicas de Minas Gerais Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 7.84 0.55 -25.52 4.65 8.91
BSP:USIM3
60GF Score
Usinas Siderurgicas de Minas Gerais SA BSP:USIM3
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Usinas Siderurgicas de Minas Gerais ROCE % Calculation

Usinas Siderurgicas de Minas Gerais's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-569.398/( ( (39871.79 - 4783.005) + (35684.766 - 4078.513) )/ 2 )
=-569.398/( (35088.785+31606.253)/ 2 )
=-569.398/33347.519
=-1.71 %

Usinas Siderurgicas de Minas Gerais's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2796.868/( ( (35684.766 - 4078.513) + (34754.321 - 3587.917) )/ 2 )
=2796.868/( ( 31606.253 + 31166.404 )/ 2 )
=2796.868/31386.3285
=8.91 %

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

* 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 ROCE % →
What does a ROCE % of 8.91% mean?
Usinas Siderurgicas de Minas Gerais (BSP:USIM3) has a ROCE % of 8.91% as of Mar. 2026.
Is Usinas Siderurgicas de Minas Gerais' ROCE % too high?
Usinas Siderurgicas de Minas Gerais' current ROCE % is 8.91%. The Steel industry median ROCE % is 5.61. Usinas Siderurgicas de Minas Gerais' value of 8.91% is 58.8% above this industry median. Overall, Usinas Siderurgicas de Minas Gerais has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usinas Siderurgicas de Minas Gerais' ROCE % compare to NUE and STLD?
Usinas Siderurgicas de Minas Gerais' ROCE % of 8.91% can be compared against companies in the Steel industry. The industry median ROCE % is 5.61. Usinas Siderurgicas de Minas Gerais' value of 8.91% is 58.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Steel company?
The median ROCE % among Steel companies is 5.61, based on 625 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Usinas Siderurgicas de Minas Gerais's current ROCE % of 8.91% is 58.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median ROCE % is 5.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usinas Siderurgicas de Minas Gerais's current ROCE % is 8.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usinas Siderurgicas de Minas Gerais stock overvalued right now?
Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais (BSP:USIM3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$5.93, compared to a current price of R$7.70 — trading 29.8% above its estimated fair value. The current ROCE % is 8.91% and 58.8% above the Steel industry median of 5.61. Usinas Siderurgicas de Minas Gerais' overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Usinas Siderurgicas de Minas Gerais (BSP:USIM3), the current ROCE % is 8.91% 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 Usinas Siderurgicas de Minas Gerais (BSP:USIM3) Overvalued in 2026?

Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais stock appears to be overvalued. The current stock price of R$7.70 is trading 29.8% above its estimated GF Value™ of R$5.93. GuruFocus considers Usinas Siderurgicas de Minas Gerais to be Modestly Overvalued.

Key valuation signals for BSP:USIM3:

  • ROCE %: 8.91%
  • GF Value™: R$5.93 vs. price of R$7.70 (29.8% above fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 58.8% above the Steel median

No single metric tells the full story. See the BSP:USIM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Usinas Siderurgicas de Minas Gerais Business Description

Address Av. do Contorno, 6594, 11th Floor Funcionarios, Belo Horizonte, MG, BRA, 30110-044
Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company engaged in producing and distributing flat steel products. The company's product portfolio comprises ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the export destination markets for the company.
60GF Score

Get the complete analysis for BSP:USIM3

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

R$7.70
Price
R$5.93
GF Value