Saturday 17 October 2026
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National Steel Company
SID Basic Materials Steel
National Steel Company’s revenue for fiscal 2025 (year ended December 2025) was $8.0 billion, down 0.94% from fiscal 2024. In the quarter to June 2026, revenue grew 18.6%, EPS fell 500.0%, free cash flow grew 8.38% and total debt rose 16.0%, each against the same quarter a year earlier.
1.11
0.04
−3.48%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 8 | 6 | 7 | 7 | 8 | 4 | 4 | 5 | 5 |
P/E ratio |
0.00 | 103.50 | 2.15 | 9.16 | 11.23 | 2.54 | 9.28 | 77.80 | 0.00 | 0.00 |
P/S ratio |
0.98 | 0.62 | 0.48 | 0.74 | 1.41 | 0.67 | 0.42 | 0.57 | 0.24 | 0.26 |
Altman Z-Score |
0.93 | 0.78 | 1.24 | 1.15 | 1.53 | — | 1.12 | 1.09 | 0.81 | 0.69 |
Altman Z″-Score (non-manufacturers) |
1.43 | 0.75 | 1.53 | 1.17 | 1.96 | — | 1.63 | 1.44 | 1.41 | 0.62 |
P/FCF ratio |
0.00 | 0.00 | 12.38 | 7.07 | 8.39 | 1.79 | 0.00 | 10.25 | 3.74 | 0.00 |
Beneish M-Score |
(2.49) | (2.27) | (2.36) | (2.81) | (2.31) | (2.50) | (1.94) | (2.81) | (3.26) | (2.60) |
P/Operating CF |
(62.63) | (595.53) | 7.51 | 6.17 | 6.93 | 35.94 | 9.02 | 16.86 | 2.79 | 201.53 |
P/B ratio |
2.27 | 1.39 | 1.10 | 1.65 | 3.76 | 1.38 | 0.84 | 1.31 | 0.67 | 0.75 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 2 |
Price to Tangible BV |
132.87 | 11.34 | 3.98 | 4.55 | 11.80 | 2.05 | 1.85 | 3.33 | 2.05 | 4.46 |
EV/Sales |
2.42 | 1.99 | 1.60 | 1.69 | 2.12 | 0.95 | 1.03 | 1.17 | 0.98 | 1.11 |
EV/EBITDA |
12.98 | 8.52 | 4.54 | 8.72 | 7.82 | 2.12 | 6.20 | 6.46 | 5.65 | 5.88 |
EV/Operating CF |
150.65 | 64.51 | 16.61 | 8.83 | 6.67 | 1.94 | (423.46) | 7.27 | 4.97 | (51.08) |
EV/FCF |
(30.73) | (75.65) | 41.30 | 16.20 | 12.66 | 2.52 | (5.60) | 21.10 | 15.60 | (6.79) |
Quick Ratio |
1.39 | 0.60 | 0.46 | 0.50 | 1.24 | 0.96 | 0.83 | 0.90 | 1.13 | 0.67 |
Current Ratio |
2.26 | 1.11 | 1.05 | 1.10 | 1.59 | 1.43 | 1.36 | 1.32 | 1.58 | 1.08 |
Net Debt/EBITDA |
7.75 | 5.86 | 3.18 | 4.91 | 2.64 | 0.59 | 2.67 | 3.32 | 4.29 | 4.48 |
Debt/Assets |
68.94% | 65.28% | 60.91% | 54.98% | 55.98% | 40.95% | 47.94% | 49.01% | 54.77% | 52.62% |
Debt/Equity |
4.12 | 3.56 | 2.88 | 2.46 | 3.13 | 1.39 | 1.88 | 2.28 | 3.68 | 3.36 |
Asset Turnover |
0.36 | 0.43 | 0.46 | 0.50 | 0.46 | 0.66 | 0.55 | 0.52 | 0.43 | 0.43 |
Operating CF/Net income |
(0.30) | 55.67 | 0.44 | 2.72 | 2.52 | 1.21 | 1.31 | (22.92) | (3.34) | 0.49 |
Capex/Depreciation |
(1.23) | (0.73) | (1.04) | (1.46) | (0.67) | (1.29) | (1.16) | (1.30) | (1.45) | (1.43) |
Interest Coverage |
0.59 | 1.04 | 2.43 | 1.36 | 2.17 | 6.54 | 2.15 | 0.83 | 0.53 | 0.54 |
| (11.20%) | 0.14% | 52.04% | 16.14% | 29.08% | 69.74% | 7.04% | (1.56%) | (14.11%) | (12.62%) | |
| (1.95%) | 0.02% | 10.24% | 3.51% | 5.86% | 16.87% | 1.93% | (0.37%) | (2.56%) | (1.92%) | |
ROIC |
3.65% | 5.34% | 11.92% | 6.00% | 10.75% | 34.77% | 9.39% | 6.44% | 4.96% | 5.01% |
Return on Tangible Assets |
(3.73%) | 0.05% | 27.25% | 8.60% | 13.37% | 38.35% | 4.50% | (0.88%) | (5.75%) | (5.54%) |
Average Days of Receivables |
42.51 | 44.85 | 33.02 | 29.39 | 54.30 | 32.40 | 41.95 | 40.28 | 35.66 | 30.75 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
12.92% | 12.04% | 12.01% | 11.22% | 8.35% | 6.18% | 7.33% | 9.88% | 14.44% | 13.42% |
Intangible Assets out of Total Assets |
0.16 | 0.16 | 0.15 | 0.14 | 0.12 | 0.10 | 0.14 | 0.13 | 0.10 | 0.13 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(1.45) | (2.17) | (2.30) | (1.43) | (0.67) | (0.65) | (1.79) | (1.51) | (4.72) | (4.60) |
Graham Number |
0.00 | 1.05 | 6.77 | 4.20 | 4.34 | 11.27 | 4.56 | 1.83 | 0.00 | 0.00 |
Earnings Yield |
(5.19%) | 0.97% | 46.59% | 10.92% | 8.91% | 39.41% | 10.78% | 1.29% | (27.29%) | (15.00%) |
Free Cash Flow Yield |
(8.07%) | (4.23%) | 8.08% | 14.14% | 11.92% | 56.02% | (44.49%) | 9.76% | 26.75% | (61.82%) |
Revenue per Share |
3.62 | 4.28 | 4.58 | 4.67 | 4.23 | 6.45 | 6.48 | 6.86 | 6.11 | 6.05 |
Operating CF per Share |
0.06 | 0.13 | 0.44 | 0.89 | 1.35 | 1.99 | 0.30 | 1.10 | 1.21 | (0.13) |
Capex per Share |
(0.34) | (0.24) | (0.26) | (0.41) | (0.24) | (0.39) | (0.49) | (0.67) | (0.77) | (0.80) |
Free Cash Flow per Share |
(0.29) | (0.11) | 0.18 | 0.49 | 1.11 | 1.61 | (0.19) | 0.44 | 0.44 | (0.93) |
Cash per Share |
1.19 | 0.96 | 0.63 | 0.68 | 1.93 | 2.60 | 1.96 | 2.66 | 3.39 | 2.03 |
Shareholders Equity per Share |
1.56 | 1.91 | 2.00 | 2.09 | 1.58 | 3.15 | 3.18 | 2.97 | 2.16 | 2.13 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.56 | 1.91 | 2.00 | 2.09 | 1.58 | 3.15 | 3.18 | 2.97 | 2.16 | 2.13 |
Free Cash Flow |
(388.74) | (152.92) | 243.18 | 673.03 | 1,531.25 | 2,210.36 | (253.63) | 577.76 | 585.15 | (1,237.42) |
Working Capital |
1,992.06 | 379.43 | 157.58 | 280.22 | 1,680.14 | 1,932.82 | 1,576.18 | 1,614.54 | 2,719.67 | 404.09 |
Capital Expenditures |
(467.84) | (332.02) | (360.96) | (561.50) | (326.66) | (530.83) | (649.32) | (882.95) | (1,018.65) | (1,063.12) |
Net Current Asset Value |
(6,973.74) | (7,842.60) | (6,921.97) | (6,786.44) | (5,502.71) | (3,897.29) | (6,377.76) | (7,765.07) | (9,021.90) | (9,762.45) |
EV/EBIT |
22.10 | 12.83 | 5.38 | 12.60 | 11.32 | 2.23 | 6.20 | 10.97 | 11.25 | 11.57 |
Capex to Sales |
0.10 | 0.06 | 0.06 | 0.09 | 0.06 | 0.06 | 0.08 | 0.10 | 0.13 | 0.13 |
Price to Operating Income |
8.91 | 4.01 | 1.61 | 5.50 | 7.50 | 1.58 | 2.49 | 5.33 | 2.69 | 2.76 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.07 | 0.08 | 0.07 | 0.08 | 0.13 | 0.10 | 0.11 | 0.12 | 0.12 | 0.12 |
Cash ROIC |
(3.12%) | (1.16%) | 2.12% | 6.17% | 13.10% | 15.87% | (1.72%) | 3.51% | 3.27% | (8.25%) |
Accounts Receivable Turnover |
9.33 | 9.03 | 9.81 | 11.85 | 8.41 | 10.72 | 9.68 | 9.14 | 9.02 | 10.94 |
Accounts Payable Turnover |
8.05 | 6.67 | 5.12 | 5.10 | 4.37 | 4.50 | 3.36 | 2.81 | 2.80 | 3.18 |
Inventory Turnover |
2.74 | 3.36 | 3.17 | 3.22 | 3.26 | 3.23 | 2.85 | 3.27 | 3.08 | 3.05 |
Average Days of Payables |
50.92 | 66.06 | 78.73 | 63.70 | 91.98 | 91.08 | 144.64 | 130.29 | 113.34 | 113.41 |
Days of Inventory on Hand |
114.47 | 119.85 | 114.21 | 111.69 | 91.94 | 154.60 | 132.69 | 104.21 | 119.11 | 117.77 |
Average Receivables |
527.22 | 642.76 | 640.75 | 543.77 | 693.34 | 827.92 | 887.88 | 995.95 | 897.81 | 733.59 |
Average Payables |
450.13 | 638.11 | 860.58 | 856.92 | 849.20 | 1,064.81 | 1,789.15 | 2,388.52 | 2,117.51 | 1,822.40 |
Average Inventory |
1,322.55 | 1,267.39 | 1,388.54 | 1,358.74 | 1,136.63 | 1,481.25 | 2,107.31 | 2,050.55 | 1,924.96 | 1,904.05 |
Average Assets |
13,755.84 | 13,409.30 | 13,554.29 | 12,919.54 | 12,556.35 | 13,465.69 | 15,621.05 | 17,433.27 | 18,798.85 | 18,638.67 |
Average Common Equity |
2,392.07 | 2,356.51 | 2,667.78 | 2,809.40 | 2,530.95 | 3,257.03 | 4,278.52 | 4,084.32 | 3,404.50 | 2,842.25 |
Columns are period end dates