Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Usinas Siderurgicas de Minas Gerais's average basic shares outstanding for the quarter that ended in Mar. 2026 was 1,231 Mil.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Be Aware
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Usinas Siderurgicas de Minas Gerais Shares Outstanding (Basic Average) Related Terms
Usinas Siderurgicas de Minas Gerais Shares Outstanding (Basic Average) Historical 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.
Usinas Siderurgicas de Minas Gerais Shares Outstanding (Basic Average) Chart
Usinas Siderurgicas de Minas Gerais Shares Outstanding (Basic Average) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.
What does a Shares Outstanding (Basic Average) of 1,231 Mil mean?
Usinas Siderurgicas de Minas Gerais (BSP:USIM3) has a Shares Outstanding (Basic Average) of 1,231 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Usinas Siderurgicas de Minas Gerais and its competitors.
Is Usinas Siderurgicas de Minas Gerais' Shares Outstanding (Basic Average) too high?
Usinas Siderurgicas de Minas Gerais' current Shares Outstanding (Basic Average) is 1,231 Mil. 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' Shares Outstanding (Basic Average) compare to NUE and STLD?
Usinas Siderurgicas de Minas Gerais' Shares Outstanding (Basic Average) of 1,231 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 Shares Outstanding (Basic Average) for a Steel company?
A good Shares Outstanding (Basic Average) depends on the Steel industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Usinas Siderurgicas de Minas Gerais and its competitors. Usinas Siderurgicas de Minas Gerais's current Shares Outstanding (Basic Average) is 1,231 Mil. 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 Shares Outstanding (Basic Average) is 1,231 Mil. 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 Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Usinas Siderurgicas de Minas Gerais (BSP:USIM3), the current Shares Outstanding (Basic Average) is 1,231 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 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:
Shares Outstanding (Basic Average): 1,231 Mil
GF Value™: R$5.93 vs. price of R$7.70 (29.8% above fair value)
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
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
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