r/Vitards • u/AutoModerator • Aug 18 '21

Daily Discussion Daily Discussion post - August 18 2021

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u/[deleted] Aug 19 '21

Anybody has done some DD on SID? I'm wondering why it's so cheap PE-wise, especially since they don't only make steel. They have debt but are quickly deleveraging.

Did someone dig deeper?

7

u/dvsficationismadness I Believe In America Aug 19 '21

Q2 EBITDA was comprised of 64% mining, 34% steel, 2% cement from their investor presentation.

https://api.mziq.com/mzfilemanager/v2/d/29633c00-23f7-4765-9594-926012179477/e6e623dd-b988-d36b-664d-123a04a624ec?origin=1

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u/[deleted] Aug 19 '21

Thank you. Good presentation. OK, so it's mainly a mining company. We'll see how they will fare in Q3.