View ValuationSteel Dynamics 将来の成長Future 基準チェック /36Steel Dynamics利益と収益がそれぞれ年間18.3%と4.6%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に20.3% 18.9%なると予測されています。主要情報18.3%収益成長率18.88%EPS成長率Metals and Mining 収益成長13.3%収益成長率4.6%将来の株主資本利益率20.32%アナリストカバレッジGood最終更新日30 Apr 2026今後の成長に関する最新情報分析記事 • Apr 23Steel Dynamics, Inc. (NASDAQ:STLD) Just Reported And Analysts Have Been Lifting Their Price TargetsIt's been a pretty great week for Steel Dynamics, Inc. ( NASDAQ:STLD ) shareholders, with its shares surging 17% to...Price Target Changed • Apr 22Price target increased by 13% to US$215Up from US$191, the current price target is an average from 11 analysts. New target price is 5.3% below last closing price of US$227. Stock is up 86% over the past year. The company is forecast to post earnings per share of US$14.68 for next year compared to US$8.02 last year.Price Target Changed • Oct 28Price target increased by 7.4% to US$165Up from US$154, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of US$161. Stock is up 19% over the past year. The company is forecast to post earnings per share of US$8.45 for next year compared to US$9.89 last year.お知らせ • Sep 16+ 1 more updateSteel Dynamics, Inc. Provides Earnings Guidance for the Third Quarter of 2025Steel Dynamics, Inc. provided earnings guidance for the third quarter of 2025. The company provided third quarter 2025 earnings guidance in the range of $2.60 to $2.64 per diluted share, with improved earnings from each of the company's three operating platforms. Comparatively, the company's sequential second quarter 2025 earnings were $2.01 per diluted share, and prior year third quarter earnings were $2.05 per diluted share. Third quarter 2025 profitability from the company's steel operations is expected to be stronger than sequential second quarter results, driven by strong shipments and metal spread expansion as scrap raw material costs are expected to decline more than average realized steel pricing. The non-residential construction, automotive, energy, and industrial sectors continue to lead demand. Third quarter 2025 earnings from the company's metals recycling operations are expected to be significantly stronger than second quarter sequential results, based on steady shipments and stronger ferrous metal spread. Third quarter 2025 earnings from the company's steel fabrication operations are also expected to be higher than sequential second quarter results, driven by increased volume combined with steady metal spread. The order backlog remains strong, with healthy pricing. Demand has largely been supported by the commercial, data center, manufacturing, warehouse, and healthcare sectors. Further, the accelerated announcements for meaningful domestic manufacturing investment and onshoring, coupled with the U.S. infrastructure program are expected to positively impact demand for not only steel joist and deck products, but also for flat rolled and long product steel.分析記事 • Aug 16Steel Dynamics, Inc. Just Missed Earnings - But Analysts Have Updated Their ModelsNasdaqGS:STLD 1 Year Share Price vs Fair Value Explore Steel Dynamics's Fair Values from the Community and select yours...Major Estimate Revision • Jul 28Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$9.66 to US$8.62 per share. Revenue forecast steady at US$18.5b. Net income forecast to grow 50% next year vs 48% growth forecast for Metals and Mining industry in the US. Consensus price target broadly unchanged at US$150. Share price fell 2.8% to US$131 over the past week.すべての更新を表示Recent updatesDeclared Dividend • 9hFirst quarter dividend of US$0.53 announcedShareholders will receive a dividend of US$0.53. Ex-date: 30th June 2026 Payment date: 10th July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover.新しいナラティブ • May 07Aluminum Sheet Deficit And Utilization Dependence Will Pressure Future Margins And EarningsCatalysts About Steel Dynamics Steel Dynamics is a North American metals producer with operations in steel, metals recycling, fabrication and a growing flat rolled aluminum business. What are the underlying business or industry changes driving this perspective?ナラティブ更新 • May 06STLD: Tariff Policy And Margin Assumptions Will Shape Future Earnings PowerThe updated fair value estimate for Steel Dynamics rises by about $35 to $227.61, as analysts factor in Street research that points to higher expected profit margins and a lower assumed future P/E, even as revenue growth assumptions and the discount rate are adjusted. Analyst Commentary Recent Street research on Steel Dynamics has focused heavily on valuation, with several bullish analysts lifting price targets while at least one bearish analyst has shifted to a more neutral stance.ライブニュース • May 05Steel Dynamics Posts Record Shipments and Grows Revenue With Higher Dividend and BuybacksSteel Dynamics reported Q1 2026 revenue of US$5.2b, up 19.1% year over year and slightly ahead of analyst estimates. Net income reached US$403 million and earnings per share of US$2.78 came in just under the US$2.79 consensus, supported by record steel shipments of 3.6 million tons and an 89% mill utilization rate. The aluminum business recorded a US$65 million operating loss tied to startup and quality costs, while the company raised its dividend 6% and repurchased US$115 million of stock as part of a buyback program exceeding US$800 million since early 2025. For you as an investor, the mix here is important. The core steel operations are generating solid earnings and high utilization, supported by trade measures such as existing Trump-era tariffs and infrastructure-related demand. At the same time, the aluminum segment is still in investment mode, with early losses tied to ramp-up and quality issues rather than mature operations. Management has outlined a target for normalized through-cycle EBITDA of US$650 to US$700 million for aluminum, which frames how they see this business contributing over time. The higher dividend and continued buybacks suggest management is comfortable returning capital while funding growth projects. Analysts have reacted by lifting their price target to US$223, and commentary points to expectations for revenue growth that could outpace the broader steel sector. Investors may want to watch how quickly aluminum losses narrow, how steel pricing and volumes hold up relative to current levels, and whether trade and infrastructure support continues to underpin shipment and utilization metrics through the rest of 2026.Recent Insider Transactions • Apr 26Lead Independent Director recently sold US$1.1m worth of stockOn the 23rd of April, Kenneth Cornew sold around 5k shares on-market at roughly US$225 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$6.3m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Apr 24Senior Vice President of Aluminum Group notifies of intention to sell stockMiguel Alvarez intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of April. If the sale is conducted around the recent share price of US$226, it would amount to US$1.1m. Since June 2025, Miguel's direct individual holding has increased from 104.24k shares to 127.08k. Company insiders have collectively sold US$4.2m more than they bought, via options and on-market transactions in the last 12 months.分析記事 • Apr 23Steel Dynamics, Inc. (NASDAQ:STLD) Just Reported And Analysts Have Been Lifting Their Price TargetsIt's been a pretty great week for Steel Dynamics, Inc. ( NASDAQ:STLD ) shareholders, with its shares surging 17% to...新しいナラティブ • Apr 23Aluminum Platform And Recycling Integration Will Support Stronger Long Term Earnings PowerCatalysts About Steel Dynamics Steel Dynamics produces steel, recycles metals, and is ramping a flat rolled aluminum business across North America. What are the underlying business or industry changes driving this perspective?Price Target Changed • Apr 22Price target increased by 13% to US$215Up from US$191, the current price target is an average from 11 analysts. New target price is 5.3% below last closing price of US$227. Stock is up 86% over the past year. The company is forecast to post earnings per share of US$14.68 for next year compared to US$8.02 last year.Reported Earnings • Apr 21First quarter 2026 earnings releasedFirst quarter 2026 results: Net income: (down US$217.2m from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.New Risk • Apr 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Seeking Alpha • Apr 21Steel Dynamics: Tariff Benefits Strengthen In Q1Summary Steel Dynamics has surged over 80% in the past year, fueled by steel tariffs supporting pricing and profitability. Q1 results showcased record steel shipments, robust EBITDA, and strong pricing, though U.S. manufacturing activity remains muted. STLD's aluminum plant is ramping up, expected to add $650+ million EBITDA and diversify earnings, with free cash flow inflecting positively in 2024. I maintain a "Hold" rating, viewing shares as fairly valued at ~15.5x earnings, with potential to add on pullbacks to ~$190. Read the full article on Seeking Alphaナラティブ更新 • Apr 20STLD: Tariff Policy And Valuation Assumptions Will Shape Earnings OutlookAnalysts have raised the price target on Steel Dynamics by about $4, citing updated views on fair value, profitability and future P/E assumptions supported by recent research from major banks. Analyst Commentary Recent Street research on Steel Dynamics has focused on refining fair value estimates, with several major firms updating price targets and ratings in close succession.ナラティブ更新 • Apr 06STLD: Tariff Policy And 2026 Outlook Will Shape Earnings And Capacity UseAnalysts trimmed their price target on Steel Dynamics by about $5 to reflect updated assumptions for slightly higher revenue growth, a lower profit margin and a higher future P/E, while recent Street research highlights mixed rating changes and refreshed 2026 outlooks for U.S. carbon steel equities. Analyst Commentary Recent research on Steel Dynamics offers a mix of optimism and caution, with analysts updating ratings and price targets as they refresh multi year views on U.S. carbon steel equities and factor in tariff and capacity trends.お知らせ • Mar 30Steel Dynamics, Inc., Annual General Meeting, May 06, 2026Steel Dynamics, Inc., Annual General Meeting, May 06, 2026. Location: at the fort wayne country club, 5221 covington road, indiana, 46804., fort wayne, United Statesお知らせ • Mar 28Steel Dynamics, Inc. Announces Board Retirements, Effective May 6, 2026Steel Dynamics, Inc. announced On March 25, 2026, each of Richard P. Teets, Jr. and Gabriel L. Shaheen, members of the Board of Directors (the “Board”) of Steel Dynamics, Inc. (the “Company”), informed the Board of his respective intention to retire from the Board at the end of the current term and not stand for reelection effective as of the Company’s 2026 Annual Meeting of Shareholders taking place on May 6, 2026.Upcoming Dividend • Mar 24Upcoming dividend of US$0.53 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 10 April 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.7%).ナラティブ更新 • Mar 22STLD: Tariff Support And 2026 Outlook Will Drive Capacity Expansion And BlueScope PursuitAnalysts have trimmed their fair value estimate for Steel Dynamics by about $1.45 to $193.46, as they factor in slightly lower margin assumptions and refreshed price targets that now reflect updated 2026 outlooks for U.S. steel mills. Analyst Commentary Recent Street research on Steel Dynamics reflects a split view, with some firms lifting price targets on the back of refreshed 2026 assumptions and others taking a more cautious stance on rating and upside potential.お知らせ • Mar 17+ 1 more updateSteel Dynamics, Inc. to Report Q1, 2026 Results on Apr 20, 2026Steel Dynamics, Inc. announced that they will report Q1, 2026 results After-Market on Apr 20, 2026ナラティブ更新 • Mar 07STLD: Tariff Policy And 2026 Outlook Will Guide Capacity And BlueScope BidNarrative update The updated analyst price target for Steel Dynamics of about $195, up from roughly $193, reflects refreshed 2026 outlooks in recent research. Analysts point to firm steel pricing supported by tariffs, capacity driven share gains for domestic mills, and mixed to positive expectations for sector profitability.Reported Earnings • Mar 02Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$8.02 (down from US$9.89 in FY 2024). Revenue: US$18.2b (up 3.6% from FY 2024). Net income: US$1.19b (down 23% from FY 2024). Profit margin: 6.5% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Declared Dividend • Feb 25Fourth quarter dividend increased to US$0.53Dividend of US$0.53 is 6.0% higher than last year. Ex-date: 31st March 2026 Payment date: 10th April 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 21Steel Dynamics, Inc. Announces First Quarter 2026 Cash Dividend, Payable on or About April 10, 2026Steel Dynamics, Inc. announced that the company's board of directors declared a first quarter cash dividend of $0.53 per common share, representing a 6% increase over the company's 2025 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2026, and is payable on or about April 10, 2026.ナラティブ更新 • Feb 20STLD: Tariff Policy And 2026 Outlook Will Shape Capacity And Acquisition PathAnalysts have adjusted their views on Steel Dynamics, setting a refreshed analyst price target in the high $180s to low $190s range. This reflects updated 2026 outlooks that highlight expectations for firm steel pricing, ongoing tariff support, and a mixed but generally constructive profitability setup for U.S. mills.ナラティブ更新 • Feb 06STLD: Tariff Support And 2026 Outlook Will Balance Capacity And Acquisition RisksNarrative Update The analyst price target for Steel Dynamics shifts slightly higher to about US$193 from about US$191, as analysts factor in refreshed 2026 outlooks that point to resilient steel pricing, incremental capacity driven market share gains for domestic mills, and mixed but generally supportive expectations for sector profitability despite a challenging macro backdrop. Analyst Commentary Recent research paints a mixed but generally constructive picture for Steel Dynamics, with several firms lifting price targets while one high profile downgrade highlights growing valuation and execution questions into 2026.Reported Earnings • Jan 26Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$8.02 (down from US$9.89 in FY 2024). Revenue: US$18.2b (up 3.6% from FY 2024). Net income: US$1.19b (down 23% from FY 2024). Profit margin: 6.5% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.ナラティブ更新 • Jan 22STLD: Tariff Support And 2026 Sheet Mill Outlook Will Guide Balanced ReturnsThe analyst price target for Steel Dynamics has increased from US$183.08 to US$191.28 as analysts factor in refreshed 2026 outlooks that assume firm U.S. steel pricing, incremental profitability improvement for sheet mills, and updated models following recent earnings and sector tariff expectations. Analyst Commentary Recent research updates on Steel Dynamics point to a more mixed stance, with several firms lifting their price targets while some temper their ratings as they reassess 2026 assumptions and nearer term demand trends.ナラティブ更新 • Jan 06STLD: Tariff Policy And Demand Rebound Will Shape Balanced Return OutlookAnalysts have lifted their fair value estimate for Steel Dynamics to about $183 per share from roughly $181, noting updated price targets from US$165 to US$185 and refreshed models that factor in a mixed demand backdrop across North America, China, the U.S. and Europe. Analyst Commentary Recent Street research on Steel Dynamics reflects a mix of optimism and caution, with several firms updating price targets and ratings as they incorporate new macro views and refreshed models.お知らせ • Jan 05SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NasdaqGS:STLD) signed an unsolicited, non-binding and indicative proposal to acquire BlueScope Steel Limited (ASX:BSL) for AUD 13.2 billion.SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NasdaqGS:STLD) signed an unsolicited, non-binding and indicative proposal to acquire BlueScope Steel Limited (ASX:BSL) for AUD 13.2 billion on December 12, 2025. A cash consideration of AUD 30 per share will be paid by SGH Limited and Steel Dynamics, Inc. The proposal would see SGH acquire all of BlueScope’s shares and then on-sell BlueScope’s North American businesses to Steel Dynamics. Both SGH and SDI will utilize this support to fund their respective transaction contribution through existing cash reserves and available debt financing. The Indicative Proposal is subject to a number of conditions, including: exclusivity; due diligence; securing significant debt financing, no material adverse change in BlueScope’s business; a unanimous recommendation from the Board of BlueScope; approval of BlueScope shareholders; no further share buy-back being undertaken by BlueScope; final approval from the Boards of the respective Consortium members; and necessary regulatory approvals. UBS acted as financial advisor for BlueScope Steel Limited. Herbert Smith Freehills Kramer acted as legal advisor for BlueScope Steel Limited.Upcoming Dividend • Dec 24Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 09 January 2026. Payout ratio is a comfortable 26% and the cash payout ratio is 94%. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.5%).お知らせ • Dec 17+ 1 more updateSteel Dynamics, Inc. to Report Q4, 2025 Results on Jan 26, 2026Steel Dynamics, Inc. announced that they will report Q4, 2025 results Pre-Market on Jan 26, 2026ナラティブ更新 • Dec 17STLD: Tariff Policy And Demand Rebound Will Drive Returns AheadAnalysts have lifted their price target on Steel Dynamics by roughly $11 per share to about $181, citing refreshed models that balance a still challenging global demand backdrop with improving profitability and supportive U.S. and European demand trends. Analyst Commentary Street research on Steel Dynamics reflects a mixed but generally constructive stance, with recent revisions highlighting both upside potential and valuation constraints following the stock's strong run.ナラティブ更新 • Dec 02STLD: Demand Recovery And Tariff Risks Will Shape Performance AheadThe consensus analyst price target for Steel Dynamics has increased by $2.50, as analysts cite resilient U.S. and European demand and recent updates to price forecasts despite ongoing macroeconomic challenges. Analyst Commentary Recent analyst updates highlight a mix of optimism and caution regarding Steel Dynamics' outlook, with several notable price target adjustments and rating changes.お知らせ • Dec 02Steel Dynamics, Inc. (NasdaqGS:STLD) acquired remaining 55% stake in New Process Steel, L.P.Steel Dynamics, Inc. (NasdaqGS:STLD) entered into a definitive agreement to acquire remaining 55% stake in New Process Steel, L.P. on August 19, 2025. Upon completion, Steel Dynamics, Inc. will own 100% stake in New Process Steel, L.P. This transaction is subject to customary closing conditions and receipt of regulatory approvals. Steel Dynamics, Inc. (NasdaqGS:STLD) completed the acquisition of remaining 55% stake in New Process Steel, L.P. on December 1, 2025.ナラティブ更新 • Nov 18STLD: Challenging Demand And Trade Risks Will Define Near-Term PerformanceAnalysts have slightly increased their average price target for Steel Dynamics by $0.83 to $167.42. They cite updated models and recent earnings, while highlighting ongoing valuation considerations and a persistently challenging demand environment.Declared Dividend • Nov 12Third quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 31st December 2025 Payment date: 9th January 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 104% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 12Steel Dynamics, Inc. Appoints Matt Bell as Head of Its Metals Recycling Platform Effective November 11, 2025Steel Dynamics, Inc. announced the appointment of Matt Bell as the company's head of its metals recycling platform effective November 11, 2025. Matt Bell will assume responsibility and oversight for the company's metals recycling platform as the Vice President of Metals Recycling and the President of OmniSource. Since 2023, Mr. Bell has served as Vice President of Commercial for OmniSource, responsible for developing and implementing its ferrous purchasing and sales growth strategies, including optimizing the scrap supply for the company's steel operations. Since joining the company in 2016, Mr. Bell has held increasingly impactful leadership roles within the metals recycling platform in operations, commercial, and marketing responsibilities. Prior to joining the company, he held various leadership positions in the metals recycling industry.お知らせ • Nov 07Steel Dynamics, Inc. Announces Cash Dividend for fourth Quarter of 2025 , Payable on or About January 9, 2026Steel Dynamics, Inc. announced that the company's board of directors declared a fourth quarter 2025 cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2025 and is payable on or about January 9, 2026.ナラティブ更新 • Nov 03STLD: Domestic Tariffs And U.S. Market Exposure Will Shape Future PerformanceAnalysts have raised their fair value estimate for Steel Dynamics from $153.83 to $166.58 per share. This change is due to upward price target revisions and model updates following recent earnings results and industry outlooks.Recent Insider Transactions • Oct 31Senior Vice President of Aluminum Group recently sold US$1.3m worth of stockOn the 29th of October, Miguel Alvarez sold around 8k shares on-market at roughly US$163 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$8.5m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Oct 30Senior Vice President of Aluminum Group notifies of intention to sell stockMiguel Alvarez intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of October. If the sale is conducted around the recent share price of US$163, it would amount to US$1.3m. Since December 2024, Miguel's direct individual holding has increased from 89.27k shares to 104.24k. Company insiders have collectively sold US$7.2m more than they bought, via options and on-market transactions in the last 12 months.Price Target Changed • Oct 28Price target increased by 7.4% to US$165Up from US$154, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of US$161. Stock is up 19% over the past year. The company is forecast to post earnings per share of US$8.45 for next year compared to US$9.89 last year.お知らせ • Oct 27Steel Dynamics, Inc. Launches Lower-Embodied-Carbon Steel Products BIOEDGE and EDGESteel Dynamics, Inc. announced lower-embodies-carbon steel product offerings, BIOEDGE™ and EDGE™, to support customers in achieving their greenhouse gas emissions reduction and sustainability initiatives. BIOEDGE and EDGE are lower-embodied-carbon steel products produced exclusively with electric arc furnace (EAF) technology. Additionally, the steel is matched with Green-e Energy certified renewable energy certificates or emission-free nuclear energy certificates, significantly reducing Scope 2 emissions. BIOEDGE further reduces embodied carbon in the EAF steelmaking process, utilizing renewable biocarbon as a replacement for anthracite, significantly reducing Scope 1 emissions. BIOEDGE offers an innovative supply-chain solution for companies seeking to meaningfully decarbonize their supply chains without compromising performance or quality. The EDGE family of steel products will be available across the company's steel operations. The company anticipates immediate interest from automotive and construction customers, and from across the renewable energy and infrastructure sectors. The renewable biocarbon used to produce BIOEDGE will be sourced exclusively from SDI Biocarbon Solutions, which is 75%-owned by Steel Dynamics and 25%-owned by Aymium, a leading producer of biocarbon globally.Reported Earnings • Oct 21Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$2.75 (up from US$2.06 in 3Q 2024). Revenue: US$4.83b (up 11% from 3Q 2024). Net income: US$403.7m (up 27% from 3Q 2024). Profit margin: 8.4% (up from 7.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.ナラティブ更新 • Oct 20Domestic Reshoring And Low-carbon Investments Will Drive Long-term Metals ResilienceAnalysts have raised their price target for Steel Dynamics from $151.50 to $153.83 per share, citing anticipated tariff benefits, resilient U.S. steel pricing, and an improved profit margin outlook as key factors supporting their updated valuation. Analyst Commentary Analyst perspectives on Steel Dynamics reflect a mix of optimism around near-term support and caution regarding the longer-term landscape for U.S. steel producers.ナラティブ更新 • Oct 05Domestic Reshoring And Low-carbon Investments Will Drive Long-term Metals ResilienceAnalysts have raised their fair value estimate for Steel Dynamics from $149.58 to $151.50. This change is attributed to an improved domestic demand outlook, tariff benefits, and valuation premiums for U.S. mills.Upcoming Dividend • Sep 23Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 30 September 2025. Payment date: 10 October 2025. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (1.6%).お知らせ • Sep 16+ 1 more updateSteel Dynamics, Inc. Provides Earnings Guidance for the Third Quarter of 2025Steel Dynamics, Inc. provided earnings guidance for the third quarter of 2025. The company provided third quarter 2025 earnings guidance in the range of $2.60 to $2.64 per diluted share, with improved earnings from each of the company's three operating platforms. Comparatively, the company's sequential second quarter 2025 earnings were $2.01 per diluted share, and prior year third quarter earnings were $2.05 per diluted share. Third quarter 2025 profitability from the company's steel operations is expected to be stronger than sequential second quarter results, driven by strong shipments and metal spread expansion as scrap raw material costs are expected to decline more than average realized steel pricing. The non-residential construction, automotive, energy, and industrial sectors continue to lead demand. Third quarter 2025 earnings from the company's metals recycling operations are expected to be significantly stronger than second quarter sequential results, based on steady shipments and stronger ferrous metal spread. Third quarter 2025 earnings from the company's steel fabrication operations are also expected to be higher than sequential second quarter results, driven by increased volume combined with steady metal spread. The order backlog remains strong, with healthy pricing. Demand has largely been supported by the commercial, data center, manufacturing, warehouse, and healthcare sectors. Further, the accelerated announcements for meaningful domestic manufacturing investment and onshoring, coupled with the U.S. infrastructure program are expected to positively impact demand for not only steel joist and deck products, but also for flat rolled and long product steel.お知らせ • Aug 19Steel Dynamics, Inc. (NasdaqGS:STLD) entered into a definitive agreement to acquire remaining 55% stake in New Process Steel, L.P.Steel Dynamics, Inc. (NasdaqGS:STLD) entered into a definitive agreement to acquire remaining 55% stake in New Process Steel, L.P. on August 19, 2025. Upon completion, Steel Dynamics, Inc. will own 100% stake in New Process Steel, L.P. This transaction is subject to customary closing conditions and receipt of regulatory approvals.Declared Dividend • Aug 18Second quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 30th September 2025 Payment date: 10th October 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Aug 16Steel Dynamics, Inc. Just Missed Earnings - But Analysts Have Updated Their ModelsNasdaqGS:STLD 1 Year Share Price vs Fair Value Explore Steel Dynamics's Fair Values from the Community and select yours...お知らせ • Aug 14Steel Dynamics, Inc. Announces Third Quarter 2025 Cash Dividend, Payable on or About October 10, 2025Steel Dynamics, Inc. announced that the company's board of directors declared a third quarter 2025 cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2025 and is payable on or about October 10, 2025.分析記事 • Aug 09Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Recent Insider Transactions • Aug 01Insider recently sold US$1.5m worth of stockOn the 30th of July, Christopher Graham sold around 12k shares on-market at roughly US$127 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Jul 31Insider notifies of intention to sell stockChristopher Graham intends to sell 12k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of July. If the sale is conducted around the recent share price of US$130, it would amount to US$1.6m. Since December 2024, Christopher's direct individual holding has increased from 60.62k shares to 78.74k. Company insiders have collectively sold US$9.8m more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • Jul 28Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$9.66 to US$8.62 per share. Revenue forecast steady at US$18.5b. Net income forecast to grow 50% next year vs 48% growth forecast for Metals and Mining industry in the US. Consensus price target broadly unchanged at US$150. Share price fell 2.8% to US$131 over the past week.Reported Earnings • Jul 22Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: US$2.01 (down from US$2.73 in 2Q 2024). Revenue: US$4.57b (down 1.5% from 2Q 2024). Net income: US$298.7m (down 30% from 2Q 2024). Profit margin: 6.5% (down from 9.2% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.分析記事 • Jul 16Returns On Capital At Steel Dynamics (NASDAQ:STLD) Have StalledWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...お知らせ • Jun 30+ 1 more updateSteel Dynamics, Inc.(NasdaqGS:STLD) dropped from Russell 1000 Defensive IndexSteel Dynamics, Inc.(NasdaqGS:STLD) dropped from Russell 1000 Defensive IndexUpcoming Dividend • Jun 23Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (1.9%).お知らせ • Jun 18+ 1 more updateSteel Dynamics, Inc. to Report Q2, 2025 Results on Jul 21, 2025Steel Dynamics, Inc. announced that they will report Q2, 2025 results After-Market on Jul 21, 2025分析記事 • Jun 10Fewer Investors Than Expected Jumping On Steel Dynamics, Inc. (NASDAQ:STLD)It's not a stretch to say that Steel Dynamics, Inc.'s ( NASDAQ:STLD ) price-to-earnings (or "P/E") ratio of 17x right...Recent Insider Transactions • May 22Insider recently sold US$1.0m worth of stockOn the 20th of May, Miguel Alvarez sold around 7k shares on-market at roughly US$135 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.8m more than they bought in the last 12 months.Recent Insider Transactions Derivative • May 21Insider notifies of intention to sell stockMiguel Alvarez intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of May. If the sale is conducted around the recent share price of US$135, it would amount to US$1.0m. Since December 2024, Miguel's direct individual holding has increased from 89.27k shares to 111.74k. Company insiders have collectively sold US$8.8m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • May 10Steel Dynamics, Inc. Announces Executive ChangesSteel Dynamics, Inc. announced operational senior leadership transitions for Glenn Pushis and Miguel Alvarez. Glenn Pushis, Senior Vice President Special Projects: Glenn Pushis will be retiring from Steel Dynamics effective October 1, 2025, to pursue a position as the Chief Executive Officer of McBride Capital Partners "Project Aero", a U.S. based company that plans to construct a titanium manufacturing facility in North Carolina. Post October 1, 2025, he will continue to provide consulting services to Steel Dynamics through commissioning of the company's new aluminum flat rolled facilities during the year. Mr. Pushis joined Steel Dynamics in 1994. Most recently, he was responsible for the successful design and construction of the company's new 650,000 metric ton state-of-the-art lower-carbon, recycled aluminum flat rolled products mill in Columbus, Mississippi with two satellite recycled aluminum slab centers in the Southwestern United States and Northcentral Mexico. From 2019 until 2022, Mr. Pushis was responsible for the successful design and construction of the company's Sinton Flat Roll Division, developed to serve the Southwestern United States and Mexico. He has extensive experience in this capacity and has been instrumental in numerous construction projects for Steel Dynamics since its founding. Prior to that, Mr. Pushis served as Senior Vice President, Long Products Steel Group, responsible for the company's four long product steel mills. Mr. Pushis has held various operational and leadership roles, including roles within the Engineered Bar Products Division and the Butler Flat Roll Division. He was also part of the team that constructed the company's first steel mill in Butler, Indiana. Miguel Alvarez, Senior Vice President Aluminum Group: Miguel Alvarez will assume responsibility and oversight for the company's aluminum operations, effective October 1, 2025. These responsibilities include leadership of the company's new strategic aluminum investments which are currently being commissioned under Mr. Pushis' leadership, as well as an ancillary recycled aluminum deox-rod facility. Mr. Alvarez joined the company in 2019 as Senior Vice President, Southwest U.S. and Mexico to support the company's steel and metals recycling growth strategy in that region, where he utilized his extensive knowledge of flat rolled steel operations and gained considerable knowledge of the metals recycling business. Based on his success, he was promoted to lead the company's metals recycling platform in March 2022, where he has led the transformation and growth of this platform. Prior to joining Steel Dynamics, Mr. Alvarez held numerous senior leadership positions within the steel industry beginning in 2004. The company has an intentional leadership development and succession process and will announce the new senior leader for its metals recycling platform in the coming weeks.Declared Dividend • May 01First quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 30th June 2025 Payment date: 11th July 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 29Steel Dynamics, Inc. Announces Second Quarter 2025 Cash Dividend, Payable on June 30, 2025Steel Dynamics, Inc. announced that the company's board of directors declared a second quarter cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on June 30, 2025 and is payable on or about July 11, 2025.Reported Earnings • Apr 23First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$1.45 (down from US$3.68 in 1Q 2024). Revenue: US$4.37b (down 6.9% from 1Q 2024). Net income: US$217.2m (down 63% from 1Q 2024). Profit margin: 5.0% (down from 12% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Upcoming Dividend • Mar 24Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 31 March 2025. Payment date: 11 April 2025. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.0%).お知らせ • Mar 18+ 1 more updateSteel Dynamics, Inc. Provides Earnings Guidance for the First Quarter of 2025Steel Dynamics, Inc. provided earnings guidance for the first quarter of 2025 . For the quarter, the company expects earnings guidance in the range of $1.36 to $1.40 per diluted share. Comparatively, the company's sequential fourth quarter 2024 earnings were $1.36 per diluted share and prior year first quarter earnings were $3.67 per diluted share.お知らせ • Mar 15Steel Dynamics, Inc., Annual General Meeting, Apr 25, 2025Steel Dynamics, Inc., Annual General Meeting, Apr 25, 2025. Location: fort wayne country club, 5221 covington road, fort wayne United StatesReported Earnings • Mar 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$9.89 (down from US$14.72 in FY 2023). Revenue: US$17.5b (down 6.7% from FY 2023). Net income: US$1.54b (down 37% from FY 2023). Profit margin: 8.8% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Declared Dividend • Feb 26Fourth quarter dividend increased to US$0.50Dividend of US$0.50 is 8.7% higher than last year. Ex-date: 31st March 2025 Payment date: 11th April 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (19% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 25+ 1 more updateSteel Dynamics, Inc. (NasdaqGS:STLD) announces an Equity Buyback for $1,500 million worth of its shares.Steel Dynamics, Inc. (NasdaqGS:STLD) announces a share repurchase program. Under the program, the company will repurchase up to $1,500 million worth of its shares.Seeking Alpha • Feb 24Steel Dynamics: Trump Trade With Several TailwindsSummary The reshoring of industrial capacity from China to the U.S., driven by tariffs, will benefit U.S. steelmakers like Steel Dynamics. Steel Dynamics is well-positioned with competitive advantages in electric arc furnace technology, vertical integration, and value-added products. Strategic investments in new steel and aluminum mills are expected to significantly boost Steel Dynamics' EBITDA by $1.2 billion. I recommend a buy rating for Steel Dynamics with a target price of $170, anticipating increased demand and profitability in the new geopolitical landscape. Read the full article on Seeking AlphaRecent Insider Transactions • Feb 13Insider recently sold US$3.2m worth of stockOn the 11th of February, Glenn Pushis sold around 24k shares on-market at roughly US$135 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$12m more than they bought in the last 12 months.Seeking Alpha • Feb 12Steel Dynamics: Tariffs TailwindSummary Steel Dynamics shares have surged 8.6% due to Trump's tariffs, making their products more competitive against imports. Trump's recent tariffs on steel and aluminum will further benefit Steel Dynamics by allowing them to price products higher without foreign competition. Despite conservative growth estimates, I believe Steel Dynamics will see accelerated growth, with potential for up to 29.7% upside in shares. The biggest risk is tariff removal, but Steel Dynamics remains competitive due to their efficient EAF furnaces, making shares a strong buy. Read the full article on Seeking AlphaMajor Estimate Revision • Jan 29Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$18.0b to US$17.8b. EPS estimate also fell from US$9.23 per share to US$8.23 per share. Net income forecast to shrink 13% next year vs 41% growth forecast for Metals and Mining industry in the US . Consensus price target broadly unchanged at US$139. Share price rose 5.1% to US$129 over the past week.Reported Earnings • Jan 23Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$9.89 (down from US$14.72 in FY 2023). Revenue: US$17.5b (down 6.7% from FY 2023). Net income: US$1.54b (down 37% from FY 2023). Profit margin: 8.8% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.Upcoming Dividend • Dec 24Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 10 January 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (2.2%).New Risk • Dec 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.07% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.07% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$5.2m sold).お知らせ • Dec 17Steel Dynamics, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024Steel Dynamics, Inc. provided earnings guidance for the fourth quarter of 2024. For the quarter, the company expects diluted earnings per share to be in the range of $1.26 to $1.30.お知らせ • Dec 16Steel Dynamics, Inc. to Report Q4, 2024 Results on Jan 22, 2025Steel Dynamics, Inc. announced that they will report Q4, 2024 results After-Market on Jan 22, 2025New Risk • Dec 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$5.4m sold).Board Change • Dec 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Jennifer Hamann was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Nov 15Insider recently sold US$951k worth of stockOn the 13th of November, Miguel Alvarez sold around 7k shares on-market at roughly US$143 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.4m. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.業績と収益の成長予測NasdaqGS:STLD - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202823,0612,2752,9232,020612/31/202722,7582,4282,7262,6661012/31/202622,0792,1492,0192,643113/31/202619,0121,3726651,445N/A12/31/202518,1771,1865021,450N/A9/30/202517,6351,1273111,524N/A6/30/202517,1481,041-1071,561N/A3/31/202517,2161,170-1571,642N/A12/31/202417,5401,537-241,845N/A9/30/202417,9021,7544322,362N/A6/30/202418,1472,0148492,716N/A3/31/202418,5962,3981,3353,141N/A12/31/202318,7952,4511,8623,520N/A9/30/202319,3882,6612,3123,799N/A6/30/202320,4532,9993,0114,181N/A3/31/202321,5843,3963,3994,375N/A12/31/202222,2613,8633,5524,460N/A9/30/202222,7454,3183,2724,041N/A6/30/202222,1824,3952,4333,176N/A3/31/202220,4343,8871,9052,761N/A12/31/202118,4093,2141,1982,204N/A9/30/202115,6992,3114731,618N/A6/30/202112,9421,421-1191,139N/A3/31/202110,571794-2521,038N/A12/31/20209,601551-211987N/A9/30/20209,3504842451,258N/A6/30/20209,5465357111,551N/A3/31/202010,2236548111,426N/A12/31/201910,465671N/A1,396N/A9/30/201911,019820N/A1,478N/A6/30/201911,7151,067N/A1,455N/A3/31/201912,0351,235N/A1,419N/A12/31/201811,8221,258N/A1,415N/A9/30/201811,2541,293N/A1,117N/A6/30/201810,4741,048N/A922N/A3/31/20189,774839N/A677N/A12/31/20179,539813N/A739N/A9/30/20179,113528N/A755N/A6/30/20178,771532N/A725N/A3/31/20178,404520N/A802N/A12/31/20167,777382N/A853N/A9/30/20167,458109N/A991N/A6/30/20167,30712N/A959N/A3/31/20167,288-98N/A1,110N/A12/31/20157,594-130N/A1,054N/A9/30/20158,52078N/A1,028N/A6/30/20158,909108N/A1,113N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: STLDの予測収益成長率 (年間18.3% ) は 貯蓄率 ( 3.5% ) を上回っています。収益対市場: STLDの収益 ( 18.3% ) はUS市場 ( 16.7% ) よりも速いペースで成長すると予測されています。高成長収益: STLDの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: STLDの収益 ( 4.6% ) US市場 ( 11.6% ) よりも低い成長が予測されています。高い収益成長: STLDの収益 ( 4.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: STLDの 自己資本利益率 は、3年後には高くなると予測されています ( 20.3 %)成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/11 15:15終値2026/05/08 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Steel Dynamics, Inc. 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。32 アナリスト機関David GaglianoBarclaysKatja JancicBMO Capital Markets Equity ResearchAlexander Robert PearceBMO Capital Markets Equity Research29 その他のアナリストを表示
分析記事 • Apr 23Steel Dynamics, Inc. (NASDAQ:STLD) Just Reported And Analysts Have Been Lifting Their Price TargetsIt's been a pretty great week for Steel Dynamics, Inc. ( NASDAQ:STLD ) shareholders, with its shares surging 17% to...
Price Target Changed • Apr 22Price target increased by 13% to US$215Up from US$191, the current price target is an average from 11 analysts. New target price is 5.3% below last closing price of US$227. Stock is up 86% over the past year. The company is forecast to post earnings per share of US$14.68 for next year compared to US$8.02 last year.
Price Target Changed • Oct 28Price target increased by 7.4% to US$165Up from US$154, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of US$161. Stock is up 19% over the past year. The company is forecast to post earnings per share of US$8.45 for next year compared to US$9.89 last year.
お知らせ • Sep 16+ 1 more updateSteel Dynamics, Inc. Provides Earnings Guidance for the Third Quarter of 2025Steel Dynamics, Inc. provided earnings guidance for the third quarter of 2025. The company provided third quarter 2025 earnings guidance in the range of $2.60 to $2.64 per diluted share, with improved earnings from each of the company's three operating platforms. Comparatively, the company's sequential second quarter 2025 earnings were $2.01 per diluted share, and prior year third quarter earnings were $2.05 per diluted share. Third quarter 2025 profitability from the company's steel operations is expected to be stronger than sequential second quarter results, driven by strong shipments and metal spread expansion as scrap raw material costs are expected to decline more than average realized steel pricing. The non-residential construction, automotive, energy, and industrial sectors continue to lead demand. Third quarter 2025 earnings from the company's metals recycling operations are expected to be significantly stronger than second quarter sequential results, based on steady shipments and stronger ferrous metal spread. Third quarter 2025 earnings from the company's steel fabrication operations are also expected to be higher than sequential second quarter results, driven by increased volume combined with steady metal spread. The order backlog remains strong, with healthy pricing. Demand has largely been supported by the commercial, data center, manufacturing, warehouse, and healthcare sectors. Further, the accelerated announcements for meaningful domestic manufacturing investment and onshoring, coupled with the U.S. infrastructure program are expected to positively impact demand for not only steel joist and deck products, but also for flat rolled and long product steel.
分析記事 • Aug 16Steel Dynamics, Inc. Just Missed Earnings - But Analysts Have Updated Their ModelsNasdaqGS:STLD 1 Year Share Price vs Fair Value Explore Steel Dynamics's Fair Values from the Community and select yours...
Major Estimate Revision • Jul 28Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$9.66 to US$8.62 per share. Revenue forecast steady at US$18.5b. Net income forecast to grow 50% next year vs 48% growth forecast for Metals and Mining industry in the US. Consensus price target broadly unchanged at US$150. Share price fell 2.8% to US$131 over the past week.
Declared Dividend • 9hFirst quarter dividend of US$0.53 announcedShareholders will receive a dividend of US$0.53. Ex-date: 30th June 2026 Payment date: 10th July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
新しいナラティブ • May 07Aluminum Sheet Deficit And Utilization Dependence Will Pressure Future Margins And EarningsCatalysts About Steel Dynamics Steel Dynamics is a North American metals producer with operations in steel, metals recycling, fabrication and a growing flat rolled aluminum business. What are the underlying business or industry changes driving this perspective?
ナラティブ更新 • May 06STLD: Tariff Policy And Margin Assumptions Will Shape Future Earnings PowerThe updated fair value estimate for Steel Dynamics rises by about $35 to $227.61, as analysts factor in Street research that points to higher expected profit margins and a lower assumed future P/E, even as revenue growth assumptions and the discount rate are adjusted. Analyst Commentary Recent Street research on Steel Dynamics has focused heavily on valuation, with several bullish analysts lifting price targets while at least one bearish analyst has shifted to a more neutral stance.
ライブニュース • May 05Steel Dynamics Posts Record Shipments and Grows Revenue With Higher Dividend and BuybacksSteel Dynamics reported Q1 2026 revenue of US$5.2b, up 19.1% year over year and slightly ahead of analyst estimates. Net income reached US$403 million and earnings per share of US$2.78 came in just under the US$2.79 consensus, supported by record steel shipments of 3.6 million tons and an 89% mill utilization rate. The aluminum business recorded a US$65 million operating loss tied to startup and quality costs, while the company raised its dividend 6% and repurchased US$115 million of stock as part of a buyback program exceeding US$800 million since early 2025. For you as an investor, the mix here is important. The core steel operations are generating solid earnings and high utilization, supported by trade measures such as existing Trump-era tariffs and infrastructure-related demand. At the same time, the aluminum segment is still in investment mode, with early losses tied to ramp-up and quality issues rather than mature operations. Management has outlined a target for normalized through-cycle EBITDA of US$650 to US$700 million for aluminum, which frames how they see this business contributing over time. The higher dividend and continued buybacks suggest management is comfortable returning capital while funding growth projects. Analysts have reacted by lifting their price target to US$223, and commentary points to expectations for revenue growth that could outpace the broader steel sector. Investors may want to watch how quickly aluminum losses narrow, how steel pricing and volumes hold up relative to current levels, and whether trade and infrastructure support continues to underpin shipment and utilization metrics through the rest of 2026.
Recent Insider Transactions • Apr 26Lead Independent Director recently sold US$1.1m worth of stockOn the 23rd of April, Kenneth Cornew sold around 5k shares on-market at roughly US$225 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$6.3m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Apr 24Senior Vice President of Aluminum Group notifies of intention to sell stockMiguel Alvarez intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of April. If the sale is conducted around the recent share price of US$226, it would amount to US$1.1m. Since June 2025, Miguel's direct individual holding has increased from 104.24k shares to 127.08k. Company insiders have collectively sold US$4.2m more than they bought, via options and on-market transactions in the last 12 months.
分析記事 • Apr 23Steel Dynamics, Inc. (NASDAQ:STLD) Just Reported And Analysts Have Been Lifting Their Price TargetsIt's been a pretty great week for Steel Dynamics, Inc. ( NASDAQ:STLD ) shareholders, with its shares surging 17% to...
新しいナラティブ • Apr 23Aluminum Platform And Recycling Integration Will Support Stronger Long Term Earnings PowerCatalysts About Steel Dynamics Steel Dynamics produces steel, recycles metals, and is ramping a flat rolled aluminum business across North America. What are the underlying business or industry changes driving this perspective?
Price Target Changed • Apr 22Price target increased by 13% to US$215Up from US$191, the current price target is an average from 11 analysts. New target price is 5.3% below last closing price of US$227. Stock is up 86% over the past year. The company is forecast to post earnings per share of US$14.68 for next year compared to US$8.02 last year.
Reported Earnings • Apr 21First quarter 2026 earnings releasedFirst quarter 2026 results: Net income: (down US$217.2m from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings.
New Risk • Apr 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Seeking Alpha • Apr 21Steel Dynamics: Tariff Benefits Strengthen In Q1Summary Steel Dynamics has surged over 80% in the past year, fueled by steel tariffs supporting pricing and profitability. Q1 results showcased record steel shipments, robust EBITDA, and strong pricing, though U.S. manufacturing activity remains muted. STLD's aluminum plant is ramping up, expected to add $650+ million EBITDA and diversify earnings, with free cash flow inflecting positively in 2024. I maintain a "Hold" rating, viewing shares as fairly valued at ~15.5x earnings, with potential to add on pullbacks to ~$190. Read the full article on Seeking Alpha
ナラティブ更新 • Apr 20STLD: Tariff Policy And Valuation Assumptions Will Shape Earnings OutlookAnalysts have raised the price target on Steel Dynamics by about $4, citing updated views on fair value, profitability and future P/E assumptions supported by recent research from major banks. Analyst Commentary Recent Street research on Steel Dynamics has focused on refining fair value estimates, with several major firms updating price targets and ratings in close succession.
ナラティブ更新 • Apr 06STLD: Tariff Policy And 2026 Outlook Will Shape Earnings And Capacity UseAnalysts trimmed their price target on Steel Dynamics by about $5 to reflect updated assumptions for slightly higher revenue growth, a lower profit margin and a higher future P/E, while recent Street research highlights mixed rating changes and refreshed 2026 outlooks for U.S. carbon steel equities. Analyst Commentary Recent research on Steel Dynamics offers a mix of optimism and caution, with analysts updating ratings and price targets as they refresh multi year views on U.S. carbon steel equities and factor in tariff and capacity trends.
お知らせ • Mar 30Steel Dynamics, Inc., Annual General Meeting, May 06, 2026Steel Dynamics, Inc., Annual General Meeting, May 06, 2026. Location: at the fort wayne country club, 5221 covington road, indiana, 46804., fort wayne, United States
お知らせ • Mar 28Steel Dynamics, Inc. Announces Board Retirements, Effective May 6, 2026Steel Dynamics, Inc. announced On March 25, 2026, each of Richard P. Teets, Jr. and Gabriel L. Shaheen, members of the Board of Directors (the “Board”) of Steel Dynamics, Inc. (the “Company”), informed the Board of his respective intention to retire from the Board at the end of the current term and not stand for reelection effective as of the Company’s 2026 Annual Meeting of Shareholders taking place on May 6, 2026.
Upcoming Dividend • Mar 24Upcoming dividend of US$0.53 per shareEligible shareholders must have bought the stock before 31 March 2026. Payment date: 10 April 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.7%).
ナラティブ更新 • Mar 22STLD: Tariff Support And 2026 Outlook Will Drive Capacity Expansion And BlueScope PursuitAnalysts have trimmed their fair value estimate for Steel Dynamics by about $1.45 to $193.46, as they factor in slightly lower margin assumptions and refreshed price targets that now reflect updated 2026 outlooks for U.S. steel mills. Analyst Commentary Recent Street research on Steel Dynamics reflects a split view, with some firms lifting price targets on the back of refreshed 2026 assumptions and others taking a more cautious stance on rating and upside potential.
お知らせ • Mar 17+ 1 more updateSteel Dynamics, Inc. to Report Q1, 2026 Results on Apr 20, 2026Steel Dynamics, Inc. announced that they will report Q1, 2026 results After-Market on Apr 20, 2026
ナラティブ更新 • Mar 07STLD: Tariff Policy And 2026 Outlook Will Guide Capacity And BlueScope BidNarrative update The updated analyst price target for Steel Dynamics of about $195, up from roughly $193, reflects refreshed 2026 outlooks in recent research. Analysts point to firm steel pricing supported by tariffs, capacity driven share gains for domestic mills, and mixed to positive expectations for sector profitability.
Reported Earnings • Mar 02Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$8.02 (down from US$9.89 in FY 2024). Revenue: US$18.2b (up 3.6% from FY 2024). Net income: US$1.19b (down 23% from FY 2024). Profit margin: 6.5% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Declared Dividend • Feb 25Fourth quarter dividend increased to US$0.53Dividend of US$0.53 is 6.0% higher than last year. Ex-date: 31st March 2026 Payment date: 10th April 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 21Steel Dynamics, Inc. Announces First Quarter 2026 Cash Dividend, Payable on or About April 10, 2026Steel Dynamics, Inc. announced that the company's board of directors declared a first quarter cash dividend of $0.53 per common share, representing a 6% increase over the company's 2025 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2026, and is payable on or about April 10, 2026.
ナラティブ更新 • Feb 20STLD: Tariff Policy And 2026 Outlook Will Shape Capacity And Acquisition PathAnalysts have adjusted their views on Steel Dynamics, setting a refreshed analyst price target in the high $180s to low $190s range. This reflects updated 2026 outlooks that highlight expectations for firm steel pricing, ongoing tariff support, and a mixed but generally constructive profitability setup for U.S. mills.
ナラティブ更新 • Feb 06STLD: Tariff Support And 2026 Outlook Will Balance Capacity And Acquisition RisksNarrative Update The analyst price target for Steel Dynamics shifts slightly higher to about US$193 from about US$191, as analysts factor in refreshed 2026 outlooks that point to resilient steel pricing, incremental capacity driven market share gains for domestic mills, and mixed but generally supportive expectations for sector profitability despite a challenging macro backdrop. Analyst Commentary Recent research paints a mixed but generally constructive picture for Steel Dynamics, with several firms lifting price targets while one high profile downgrade highlights growing valuation and execution questions into 2026.
Reported Earnings • Jan 26Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: US$8.02 (down from US$9.89 in FY 2024). Revenue: US$18.2b (up 3.6% from FY 2024). Net income: US$1.19b (down 23% from FY 2024). Profit margin: 6.5% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
ナラティブ更新 • Jan 22STLD: Tariff Support And 2026 Sheet Mill Outlook Will Guide Balanced ReturnsThe analyst price target for Steel Dynamics has increased from US$183.08 to US$191.28 as analysts factor in refreshed 2026 outlooks that assume firm U.S. steel pricing, incremental profitability improvement for sheet mills, and updated models following recent earnings and sector tariff expectations. Analyst Commentary Recent research updates on Steel Dynamics point to a more mixed stance, with several firms lifting their price targets while some temper their ratings as they reassess 2026 assumptions and nearer term demand trends.
ナラティブ更新 • Jan 06STLD: Tariff Policy And Demand Rebound Will Shape Balanced Return OutlookAnalysts have lifted their fair value estimate for Steel Dynamics to about $183 per share from roughly $181, noting updated price targets from US$165 to US$185 and refreshed models that factor in a mixed demand backdrop across North America, China, the U.S. and Europe. Analyst Commentary Recent Street research on Steel Dynamics reflects a mix of optimism and caution, with several firms updating price targets and ratings as they incorporate new macro views and refreshed models.
お知らせ • Jan 05SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NasdaqGS:STLD) signed an unsolicited, non-binding and indicative proposal to acquire BlueScope Steel Limited (ASX:BSL) for AUD 13.2 billion.SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NasdaqGS:STLD) signed an unsolicited, non-binding and indicative proposal to acquire BlueScope Steel Limited (ASX:BSL) for AUD 13.2 billion on December 12, 2025. A cash consideration of AUD 30 per share will be paid by SGH Limited and Steel Dynamics, Inc. The proposal would see SGH acquire all of BlueScope’s shares and then on-sell BlueScope’s North American businesses to Steel Dynamics. Both SGH and SDI will utilize this support to fund their respective transaction contribution through existing cash reserves and available debt financing. The Indicative Proposal is subject to a number of conditions, including: exclusivity; due diligence; securing significant debt financing, no material adverse change in BlueScope’s business; a unanimous recommendation from the Board of BlueScope; approval of BlueScope shareholders; no further share buy-back being undertaken by BlueScope; final approval from the Boards of the respective Consortium members; and necessary regulatory approvals. UBS acted as financial advisor for BlueScope Steel Limited. Herbert Smith Freehills Kramer acted as legal advisor for BlueScope Steel Limited.
Upcoming Dividend • Dec 24Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 31 December 2025. Payment date: 09 January 2026. Payout ratio is a comfortable 26% and the cash payout ratio is 94%. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.5%).
お知らせ • Dec 17+ 1 more updateSteel Dynamics, Inc. to Report Q4, 2025 Results on Jan 26, 2026Steel Dynamics, Inc. announced that they will report Q4, 2025 results Pre-Market on Jan 26, 2026
ナラティブ更新 • Dec 17STLD: Tariff Policy And Demand Rebound Will Drive Returns AheadAnalysts have lifted their price target on Steel Dynamics by roughly $11 per share to about $181, citing refreshed models that balance a still challenging global demand backdrop with improving profitability and supportive U.S. and European demand trends. Analyst Commentary Street research on Steel Dynamics reflects a mixed but generally constructive stance, with recent revisions highlighting both upside potential and valuation constraints following the stock's strong run.
ナラティブ更新 • Dec 02STLD: Demand Recovery And Tariff Risks Will Shape Performance AheadThe consensus analyst price target for Steel Dynamics has increased by $2.50, as analysts cite resilient U.S. and European demand and recent updates to price forecasts despite ongoing macroeconomic challenges. Analyst Commentary Recent analyst updates highlight a mix of optimism and caution regarding Steel Dynamics' outlook, with several notable price target adjustments and rating changes.
お知らせ • Dec 02Steel Dynamics, Inc. (NasdaqGS:STLD) acquired remaining 55% stake in New Process Steel, L.P.Steel Dynamics, Inc. (NasdaqGS:STLD) entered into a definitive agreement to acquire remaining 55% stake in New Process Steel, L.P. on August 19, 2025. Upon completion, Steel Dynamics, Inc. will own 100% stake in New Process Steel, L.P. This transaction is subject to customary closing conditions and receipt of regulatory approvals. Steel Dynamics, Inc. (NasdaqGS:STLD) completed the acquisition of remaining 55% stake in New Process Steel, L.P. on December 1, 2025.
ナラティブ更新 • Nov 18STLD: Challenging Demand And Trade Risks Will Define Near-Term PerformanceAnalysts have slightly increased their average price target for Steel Dynamics by $0.83 to $167.42. They cite updated models and recent earnings, while highlighting ongoing valuation considerations and a persistently challenging demand environment.
Declared Dividend • Nov 12Third quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 31st December 2025 Payment date: 9th January 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 104% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 12Steel Dynamics, Inc. Appoints Matt Bell as Head of Its Metals Recycling Platform Effective November 11, 2025Steel Dynamics, Inc. announced the appointment of Matt Bell as the company's head of its metals recycling platform effective November 11, 2025. Matt Bell will assume responsibility and oversight for the company's metals recycling platform as the Vice President of Metals Recycling and the President of OmniSource. Since 2023, Mr. Bell has served as Vice President of Commercial for OmniSource, responsible for developing and implementing its ferrous purchasing and sales growth strategies, including optimizing the scrap supply for the company's steel operations. Since joining the company in 2016, Mr. Bell has held increasingly impactful leadership roles within the metals recycling platform in operations, commercial, and marketing responsibilities. Prior to joining the company, he held various leadership positions in the metals recycling industry.
お知らせ • Nov 07Steel Dynamics, Inc. Announces Cash Dividend for fourth Quarter of 2025 , Payable on or About January 9, 2026Steel Dynamics, Inc. announced that the company's board of directors declared a fourth quarter 2025 cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2025 and is payable on or about January 9, 2026.
ナラティブ更新 • Nov 03STLD: Domestic Tariffs And U.S. Market Exposure Will Shape Future PerformanceAnalysts have raised their fair value estimate for Steel Dynamics from $153.83 to $166.58 per share. This change is due to upward price target revisions and model updates following recent earnings results and industry outlooks.
Recent Insider Transactions • Oct 31Senior Vice President of Aluminum Group recently sold US$1.3m worth of stockOn the 29th of October, Miguel Alvarez sold around 8k shares on-market at roughly US$163 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$8.5m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Oct 30Senior Vice President of Aluminum Group notifies of intention to sell stockMiguel Alvarez intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of October. If the sale is conducted around the recent share price of US$163, it would amount to US$1.3m. Since December 2024, Miguel's direct individual holding has increased from 89.27k shares to 104.24k. Company insiders have collectively sold US$7.2m more than they bought, via options and on-market transactions in the last 12 months.
Price Target Changed • Oct 28Price target increased by 7.4% to US$165Up from US$154, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of US$161. Stock is up 19% over the past year. The company is forecast to post earnings per share of US$8.45 for next year compared to US$9.89 last year.
お知らせ • Oct 27Steel Dynamics, Inc. Launches Lower-Embodied-Carbon Steel Products BIOEDGE and EDGESteel Dynamics, Inc. announced lower-embodies-carbon steel product offerings, BIOEDGE™ and EDGE™, to support customers in achieving their greenhouse gas emissions reduction and sustainability initiatives. BIOEDGE and EDGE are lower-embodied-carbon steel products produced exclusively with electric arc furnace (EAF) technology. Additionally, the steel is matched with Green-e Energy certified renewable energy certificates or emission-free nuclear energy certificates, significantly reducing Scope 2 emissions. BIOEDGE further reduces embodied carbon in the EAF steelmaking process, utilizing renewable biocarbon as a replacement for anthracite, significantly reducing Scope 1 emissions. BIOEDGE offers an innovative supply-chain solution for companies seeking to meaningfully decarbonize their supply chains without compromising performance or quality. The EDGE family of steel products will be available across the company's steel operations. The company anticipates immediate interest from automotive and construction customers, and from across the renewable energy and infrastructure sectors. The renewable biocarbon used to produce BIOEDGE will be sourced exclusively from SDI Biocarbon Solutions, which is 75%-owned by Steel Dynamics and 25%-owned by Aymium, a leading producer of biocarbon globally.
Reported Earnings • Oct 21Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$2.75 (up from US$2.06 in 3Q 2024). Revenue: US$4.83b (up 11% from 3Q 2024). Net income: US$403.7m (up 27% from 3Q 2024). Profit margin: 8.4% (up from 7.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
ナラティブ更新 • Oct 20Domestic Reshoring And Low-carbon Investments Will Drive Long-term Metals ResilienceAnalysts have raised their price target for Steel Dynamics from $151.50 to $153.83 per share, citing anticipated tariff benefits, resilient U.S. steel pricing, and an improved profit margin outlook as key factors supporting their updated valuation. Analyst Commentary Analyst perspectives on Steel Dynamics reflect a mix of optimism around near-term support and caution regarding the longer-term landscape for U.S. steel producers.
ナラティブ更新 • Oct 05Domestic Reshoring And Low-carbon Investments Will Drive Long-term Metals ResilienceAnalysts have raised their fair value estimate for Steel Dynamics from $149.58 to $151.50. This change is attributed to an improved domestic demand outlook, tariff benefits, and valuation premiums for U.S. mills.
Upcoming Dividend • Sep 23Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 30 September 2025. Payment date: 10 October 2025. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (1.6%).
お知らせ • Sep 16+ 1 more updateSteel Dynamics, Inc. Provides Earnings Guidance for the Third Quarter of 2025Steel Dynamics, Inc. provided earnings guidance for the third quarter of 2025. The company provided third quarter 2025 earnings guidance in the range of $2.60 to $2.64 per diluted share, with improved earnings from each of the company's three operating platforms. Comparatively, the company's sequential second quarter 2025 earnings were $2.01 per diluted share, and prior year third quarter earnings were $2.05 per diluted share. Third quarter 2025 profitability from the company's steel operations is expected to be stronger than sequential second quarter results, driven by strong shipments and metal spread expansion as scrap raw material costs are expected to decline more than average realized steel pricing. The non-residential construction, automotive, energy, and industrial sectors continue to lead demand. Third quarter 2025 earnings from the company's metals recycling operations are expected to be significantly stronger than second quarter sequential results, based on steady shipments and stronger ferrous metal spread. Third quarter 2025 earnings from the company's steel fabrication operations are also expected to be higher than sequential second quarter results, driven by increased volume combined with steady metal spread. The order backlog remains strong, with healthy pricing. Demand has largely been supported by the commercial, data center, manufacturing, warehouse, and healthcare sectors. Further, the accelerated announcements for meaningful domestic manufacturing investment and onshoring, coupled with the U.S. infrastructure program are expected to positively impact demand for not only steel joist and deck products, but also for flat rolled and long product steel.
お知らせ • Aug 19Steel Dynamics, Inc. (NasdaqGS:STLD) entered into a definitive agreement to acquire remaining 55% stake in New Process Steel, L.P.Steel Dynamics, Inc. (NasdaqGS:STLD) entered into a definitive agreement to acquire remaining 55% stake in New Process Steel, L.P. on August 19, 2025. Upon completion, Steel Dynamics, Inc. will own 100% stake in New Process Steel, L.P. This transaction is subject to customary closing conditions and receipt of regulatory approvals.
Declared Dividend • Aug 18Second quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 30th September 2025 Payment date: 10th October 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Aug 16Steel Dynamics, Inc. Just Missed Earnings - But Analysts Have Updated Their ModelsNasdaqGS:STLD 1 Year Share Price vs Fair Value Explore Steel Dynamics's Fair Values from the Community and select yours...
お知らせ • Aug 14Steel Dynamics, Inc. Announces Third Quarter 2025 Cash Dividend, Payable on or About October 10, 2025Steel Dynamics, Inc. announced that the company's board of directors declared a third quarter 2025 cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2025 and is payable on or about October 10, 2025.
分析記事 • Aug 09Is Steel Dynamics (NASDAQ:STLD) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Recent Insider Transactions • Aug 01Insider recently sold US$1.5m worth of stockOn the 30th of July, Christopher Graham sold around 12k shares on-market at roughly US$127 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Jul 31Insider notifies of intention to sell stockChristopher Graham intends to sell 12k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of July. If the sale is conducted around the recent share price of US$130, it would amount to US$1.6m. Since December 2024, Christopher's direct individual holding has increased from 60.62k shares to 78.74k. Company insiders have collectively sold US$9.8m more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • Jul 28Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$9.66 to US$8.62 per share. Revenue forecast steady at US$18.5b. Net income forecast to grow 50% next year vs 48% growth forecast for Metals and Mining industry in the US. Consensus price target broadly unchanged at US$150. Share price fell 2.8% to US$131 over the past week.
Reported Earnings • Jul 22Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: US$2.01 (down from US$2.73 in 2Q 2024). Revenue: US$4.57b (down 1.5% from 2Q 2024). Net income: US$298.7m (down 30% from 2Q 2024). Profit margin: 6.5% (down from 9.2% in 2Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
分析記事 • Jul 16Returns On Capital At Steel Dynamics (NASDAQ:STLD) Have StalledWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
お知らせ • Jun 30+ 1 more updateSteel Dynamics, Inc.(NasdaqGS:STLD) dropped from Russell 1000 Defensive IndexSteel Dynamics, Inc.(NasdaqGS:STLD) dropped from Russell 1000 Defensive Index
Upcoming Dividend • Jun 23Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 30 June 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (1.9%).
お知らせ • Jun 18+ 1 more updateSteel Dynamics, Inc. to Report Q2, 2025 Results on Jul 21, 2025Steel Dynamics, Inc. announced that they will report Q2, 2025 results After-Market on Jul 21, 2025
分析記事 • Jun 10Fewer Investors Than Expected Jumping On Steel Dynamics, Inc. (NASDAQ:STLD)It's not a stretch to say that Steel Dynamics, Inc.'s ( NASDAQ:STLD ) price-to-earnings (or "P/E") ratio of 17x right...
Recent Insider Transactions • May 22Insider recently sold US$1.0m worth of stockOn the 20th of May, Miguel Alvarez sold around 7k shares on-market at roughly US$135 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$9.8m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • May 21Insider notifies of intention to sell stockMiguel Alvarez intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of May. If the sale is conducted around the recent share price of US$135, it would amount to US$1.0m. Since December 2024, Miguel's direct individual holding has increased from 89.27k shares to 111.74k. Company insiders have collectively sold US$8.8m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • May 10Steel Dynamics, Inc. Announces Executive ChangesSteel Dynamics, Inc. announced operational senior leadership transitions for Glenn Pushis and Miguel Alvarez. Glenn Pushis, Senior Vice President Special Projects: Glenn Pushis will be retiring from Steel Dynamics effective October 1, 2025, to pursue a position as the Chief Executive Officer of McBride Capital Partners "Project Aero", a U.S. based company that plans to construct a titanium manufacturing facility in North Carolina. Post October 1, 2025, he will continue to provide consulting services to Steel Dynamics through commissioning of the company's new aluminum flat rolled facilities during the year. Mr. Pushis joined Steel Dynamics in 1994. Most recently, he was responsible for the successful design and construction of the company's new 650,000 metric ton state-of-the-art lower-carbon, recycled aluminum flat rolled products mill in Columbus, Mississippi with two satellite recycled aluminum slab centers in the Southwestern United States and Northcentral Mexico. From 2019 until 2022, Mr. Pushis was responsible for the successful design and construction of the company's Sinton Flat Roll Division, developed to serve the Southwestern United States and Mexico. He has extensive experience in this capacity and has been instrumental in numerous construction projects for Steel Dynamics since its founding. Prior to that, Mr. Pushis served as Senior Vice President, Long Products Steel Group, responsible for the company's four long product steel mills. Mr. Pushis has held various operational and leadership roles, including roles within the Engineered Bar Products Division and the Butler Flat Roll Division. He was also part of the team that constructed the company's first steel mill in Butler, Indiana. Miguel Alvarez, Senior Vice President Aluminum Group: Miguel Alvarez will assume responsibility and oversight for the company's aluminum operations, effective October 1, 2025. These responsibilities include leadership of the company's new strategic aluminum investments which are currently being commissioned under Mr. Pushis' leadership, as well as an ancillary recycled aluminum deox-rod facility. Mr. Alvarez joined the company in 2019 as Senior Vice President, Southwest U.S. and Mexico to support the company's steel and metals recycling growth strategy in that region, where he utilized his extensive knowledge of flat rolled steel operations and gained considerable knowledge of the metals recycling business. Based on his success, he was promoted to lead the company's metals recycling platform in March 2022, where he has led the transformation and growth of this platform. Prior to joining Steel Dynamics, Mr. Alvarez held numerous senior leadership positions within the steel industry beginning in 2004. The company has an intentional leadership development and succession process and will announce the new senior leader for its metals recycling platform in the coming weeks.
Declared Dividend • May 01First quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 30th June 2025 Payment date: 11th July 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 29Steel Dynamics, Inc. Announces Second Quarter 2025 Cash Dividend, Payable on June 30, 2025Steel Dynamics, Inc. announced that the company's board of directors declared a second quarter cash dividend of $0.50 per common share. The dividend is payable to shareholders of record at the close of business on June 30, 2025 and is payable on or about July 11, 2025.
Reported Earnings • Apr 23First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$1.45 (down from US$3.68 in 1Q 2024). Revenue: US$4.37b (down 6.9% from 1Q 2024). Net income: US$217.2m (down 63% from 1Q 2024). Profit margin: 5.0% (down from 12% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Upcoming Dividend • Mar 24Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 31 March 2025. Payment date: 11 April 2025. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.0%).
お知らせ • Mar 18+ 1 more updateSteel Dynamics, Inc. Provides Earnings Guidance for the First Quarter of 2025Steel Dynamics, Inc. provided earnings guidance for the first quarter of 2025 . For the quarter, the company expects earnings guidance in the range of $1.36 to $1.40 per diluted share. Comparatively, the company's sequential fourth quarter 2024 earnings were $1.36 per diluted share and prior year first quarter earnings were $3.67 per diluted share.
お知らせ • Mar 15Steel Dynamics, Inc., Annual General Meeting, Apr 25, 2025Steel Dynamics, Inc., Annual General Meeting, Apr 25, 2025. Location: fort wayne country club, 5221 covington road, fort wayne United States
Reported Earnings • Mar 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$9.89 (down from US$14.72 in FY 2023). Revenue: US$17.5b (down 6.7% from FY 2023). Net income: US$1.54b (down 37% from FY 2023). Profit margin: 8.8% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Declared Dividend • Feb 26Fourth quarter dividend increased to US$0.50Dividend of US$0.50 is 8.7% higher than last year. Ex-date: 31st March 2025 Payment date: 11th April 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (19% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 25+ 1 more updateSteel Dynamics, Inc. (NasdaqGS:STLD) announces an Equity Buyback for $1,500 million worth of its shares.Steel Dynamics, Inc. (NasdaqGS:STLD) announces a share repurchase program. Under the program, the company will repurchase up to $1,500 million worth of its shares.
Seeking Alpha • Feb 24Steel Dynamics: Trump Trade With Several TailwindsSummary The reshoring of industrial capacity from China to the U.S., driven by tariffs, will benefit U.S. steelmakers like Steel Dynamics. Steel Dynamics is well-positioned with competitive advantages in electric arc furnace technology, vertical integration, and value-added products. Strategic investments in new steel and aluminum mills are expected to significantly boost Steel Dynamics' EBITDA by $1.2 billion. I recommend a buy rating for Steel Dynamics with a target price of $170, anticipating increased demand and profitability in the new geopolitical landscape. Read the full article on Seeking Alpha
Recent Insider Transactions • Feb 13Insider recently sold US$3.2m worth of stockOn the 11th of February, Glenn Pushis sold around 24k shares on-market at roughly US$135 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$12m more than they bought in the last 12 months.
Seeking Alpha • Feb 12Steel Dynamics: Tariffs TailwindSummary Steel Dynamics shares have surged 8.6% due to Trump's tariffs, making their products more competitive against imports. Trump's recent tariffs on steel and aluminum will further benefit Steel Dynamics by allowing them to price products higher without foreign competition. Despite conservative growth estimates, I believe Steel Dynamics will see accelerated growth, with potential for up to 29.7% upside in shares. The biggest risk is tariff removal, but Steel Dynamics remains competitive due to their efficient EAF furnaces, making shares a strong buy. Read the full article on Seeking Alpha
Major Estimate Revision • Jan 29Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$18.0b to US$17.8b. EPS estimate also fell from US$9.23 per share to US$8.23 per share. Net income forecast to shrink 13% next year vs 41% growth forecast for Metals and Mining industry in the US . Consensus price target broadly unchanged at US$139. Share price rose 5.1% to US$129 over the past week.
Reported Earnings • Jan 23Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$9.89 (down from US$14.72 in FY 2023). Revenue: US$17.5b (down 6.7% from FY 2023). Net income: US$1.54b (down 37% from FY 2023). Profit margin: 8.8% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings.
Upcoming Dividend • Dec 24Upcoming dividend of US$0.46 per shareEligible shareholders must have bought the stock before 31 December 2024. Payment date: 10 January 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (2.2%).
New Risk • Dec 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.07% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.07% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$5.2m sold).
お知らせ • Dec 17Steel Dynamics, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024Steel Dynamics, Inc. provided earnings guidance for the fourth quarter of 2024. For the quarter, the company expects diluted earnings per share to be in the range of $1.26 to $1.30.
お知らせ • Dec 16Steel Dynamics, Inc. to Report Q4, 2024 Results on Jan 22, 2025Steel Dynamics, Inc. announced that they will report Q4, 2024 results After-Market on Jan 22, 2025
New Risk • Dec 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$5.4m sold).
Board Change • Dec 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Jennifer Hamann was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Nov 15Insider recently sold US$951k worth of stockOn the 13th of November, Miguel Alvarez sold around 7k shares on-market at roughly US$143 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.4m. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.
