Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) 3-Year ROIIC % : 34.28% (As of Dec. 2025)


XMAD:XUSIO Usinas Siderurgicas de Minas Gerais SA XMAD:XUSIO
48 GF Score
Price €1.23
GF Value €0.98
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Usinas Siderurgicas de Minas Gerais 3-Year ROIIC %?

Usinas Siderurgicas de Minas Gerais XMAD:XUSIO 48 3-Year ROIIC % is 34.28 as of Dec. 2025. GuruFocus rates XMAD:XUSIO with a GF Score™ of 48/100 and a GF Value™ of €0.98 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 607 Steel companies, Usinas Siderurgicas de Minas Gerais ranks better than 83.86% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Usinas Siderurgicas de Minas Gerais's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 34.28%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Usinas Siderurgicas de Minas Gerais's 3-Year ROIIC % or its related term are showing as below:

XMAD:XUSIO's 3-Year ROIIC % is ranked better than
83.86% of 607 companies
in the Steel industry
Industry Median: -0.23 vs XMAD:XUSIO: 34.28

Usinas Siderurgicas de Minas Gerais  (XMAD:XUSIO) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Usinas Siderurgicas de Minas Gerais 3-Year ROIIC % Related Terms


Usinas Siderurgicas de Minas Gerais 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Usinas Siderurgicas de Minas Gerais's 3-Year ROIIC % 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 3-Year ROIIC % Chart

Usinas Siderurgicas de Minas Gerais Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 189.48 19.39 -6.11 0.00 34.28

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
3-Year ROIIC % 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 0.00 0.00 0.00 34.28 0.00

XMAD:XUSIO vs NUE, STLD, RS: 3-Year ROIIC % Comparison

For the Steel subindustry, Usinas Siderurgicas de Minas Gerais's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.


Usinas Siderurgicas de Minas Gerais 3-Year ROIIC % vs Steel Industry

For the Steel industry and Basic Materials sector, Usinas Siderurgicas de Minas Gerais's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Usinas Siderurgicas de Minas Gerais's 3-Year ROIIC % falls into.


XMAD:XUSIO
48GF Score
Usinas Siderurgicas de Minas Gerais SA XMAD:XUSIO
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Usinas Siderurgicas de Minas Gerais 3-Year ROIIC % Calculation

Usinas Siderurgicas de Minas Gerais's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 95.645 (Dec. 2025) - 441.5816847 (Dec. 2022) )/( 4053.663 (Dec. 2025) - 5627.959 (Dec. 2022) )
=-345.9366847/-1574.296
=21.97%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 34.28 mean?
Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) has a 3-Year ROIIC % of 34.28 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Usinas Siderurgicas de Minas Gerais and its competitors. According to the industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #98 out of 607 companies in the Steel industry, placing it in the top 16.1%.
Is Usinas Siderurgicas de Minas Gerais' 3-Year ROIIC % too high?
Usinas Siderurgicas de Minas Gerais' current 3-Year ROIIC % is 34.28. Based on the distribution chart, Usinas Siderurgicas de Minas Gerais ranks #98 out of 607 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Usinas Siderurgicas de Minas Gerais has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usinas Siderurgicas de Minas Gerais' 3-Year ROIIC % compare to NUE and STLD?
According to the Steel industry distribution chart, Usinas Siderurgicas de Minas Gerais ranks #98 out of 607 companies for 3-Year ROIIC %. This places Usinas Siderurgicas de Minas Gerais in the top 16% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Steel company?
A good 3-Year ROIIC % depends on the Steel industry context. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Usinas Siderurgicas de Minas Gerais and its competitors. Usinas Siderurgicas de Minas Gerais's current 3-Year ROIIC % is 34.28. 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 (XMAD:XUSIO) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.98, compared to a current price of €1.23 — trading 25.5% above its estimated fair value. The current 3-Year ROIIC % is 34.28. Usinas Siderurgicas de Minas Gerais' overall GF Score™ is 48/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO), the current 3-Year ROIIC % is 34.28 as of Dec. 2025. 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 (XMAD:XUSIO) Overvalued in 2026?

Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais stock appears to be overvalued. The current stock price of €1.23 is trading 25.5% above its estimated GF Value™ of €0.98. GuruFocus considers Usinas Siderurgicas de Minas Gerais to be Modestly Overvalued.

Key valuation signals for XMAD:XUSIO:

  • 3-Year ROIIC %: 34.28
  • GF Value™: €0.98 vs. price of €1.23 (25.5% above fair value)
  • GF Score™: 48/100 with 5 warning signs

No single metric tells the full story. See the XMAD:XUSIO 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.
48GF Score

Get the complete analysis for XMAD:XUSIO

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

€1.23
Price
€0.98
GF Value