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TimkenSteel

DB:ZS2
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZS2
DB
$380M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • TimkenSteel has significant price volatility in the past 3 months.
ZS2 Share Price and Events
7 Day Returns
-4.7%
DB:ZS2
-9.6%
DE Metals and Mining
-0.2%
DE Market
1 Year Returns
-50.7%
DB:ZS2
-41.3%
DE Metals and Mining
-10.4%
DE Market
ZS2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TimkenSteel (ZS2) -4.7% -17.1% -27.1% -50.7% -12.7% -
DE Metals and Mining -9.6% -11% -6.6% -41.3% -24.4% -34.4%
DE Market -0.2% -2.1% 4.2% -10.4% 11.1% 10.6%
1 Year Return vs Industry and Market
  • ZS2 underperformed the Metals and Mining industry which returned -41.3% over the past year.
  • ZS2 underperformed the Market in Germany which returned -10.4% over the past year.
Price Volatility
ZS2
Industry
5yr Volatility vs Market

Value

 Is TimkenSteel undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TimkenSteel to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TimkenSteel.

DB:ZS2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ZS2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.041 (1 + (1- 21%) (60.88%))
1.363
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.363 * 5.96%)
8.35%

Discounted Cash Flow Calculation for DB:ZS2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TimkenSteel is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:ZS2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.35%)
2019 52.80 Analyst x3 48.73
2020 94.33 Analyst x3 80.35
2021 131.60 Est @ 39.51% 103.46
2022 168.08 Est @ 27.72% 121.95
2023 200.82 Est @ 19.47% 134.47
2024 228.33 Est @ 13.7% 141.11
2025 250.38 Est @ 9.66% 142.82
2026 267.48 Est @ 6.83% 140.81
2027 280.45 Est @ 4.85% 136.26
2028 290.17 Est @ 3.46% 130.11
Present value of next 10 years cash flows $1,180.08
DB:ZS2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $290.17 × (1 + 0.23%) ÷ (8.35% – 0.23%)
$3,580.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,580.28 ÷ (1 + 8.35%)10
$1,605.41
DB:ZS2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,180.08 + $1,605.41
$2,785.48
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,785.48 / 44.77
$62.22
DB:ZS2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ZS2 represents 0.92064x of NYSE:TMST
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92064x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 62.22 x 0.92064
€57.29
Value per share (EUR) From above. €57.29
Current discount Discount to share price of €7.81
= -1 x (€7.81 - €57.29) / €57.29
86.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TimkenSteel is available for.
Intrinsic value
>50%
Share price is €7.81 vs Future cash flow value of €57.29
Current Discount Checks
For TimkenSteel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TimkenSteel's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TimkenSteel's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TimkenSteel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TimkenSteel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ZS2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.57
NYSE:TMST Share Price ** NYSE (2019-05-17) in USD $8.48
Europe Metals and Mining Industry PE Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 8.95x
Germany Market PE Ratio Median Figure of 426 Publicly-Listed Companies 20.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TimkenSteel.

DB:ZS2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TMST Share Price ÷ EPS (both in USD)

= 8.48 ÷ -0.57

-14.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TimkenSteel is loss making, we can't compare its value to the Europe Metals and Mining industry average.
  • TimkenSteel is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does TimkenSteel's expected growth come at a high price?
Raw Data
DB:ZS2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
126.7%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 63 Publicly-Listed Metals and Mining Companies 0.61x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for TimkenSteel, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TimkenSteel's assets?
Raw Data
DB:ZS2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.09
NYSE:TMST Share Price * NYSE (2019-05-17) in USD $8.48
Germany Metals and Mining Industry PB Ratio Median Figure of 7 Publicly-Listed Metals and Mining Companies 3.02x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:ZS2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TMST Share Price ÷ Book Value per Share (both in USD)

= 8.48 ÷ 12.09

0.7x

* Primary Listing of TimkenSteel.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TimkenSteel is good value based on assets compared to the DE Metals and Mining industry average.
X
Value checks
We assess TimkenSteel's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. TimkenSteel has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TimkenSteel expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
126.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TimkenSteel expected to grow at an attractive rate?
  • TimkenSteel's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • TimkenSteel's earnings growth is expected to exceed the Germany market average.
  • TimkenSteel's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ZS2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ZS2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 126.7%
DB:ZS2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4%
Germany Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 40.2%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ZS2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ZS2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,801 1
2022-12-31 1,772 1
2021-12-31 1,730 1
2020-12-31 1,592 106 27 4
2019-12-31 1,523 95 11 5
DB:ZS2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,601 4 -26
2018-12-31 1,611 19 -32
2018-09-30 1,546 -9 -26
2018-06-30 1,475 -10 -33
2018-03-31 1,401 15 -40
2017-12-31 1,329 8 -44
2017-09-30 1,203 7 -77
2017-06-30 1,077 15 -93
2017-03-31 961 28 -101
2016-12-31 870 74 -106
2016-09-30 861 99 -35
2016-06-30 880 93 -44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TimkenSteel's earnings are expected to grow significantly at over 20% yearly.
  • TimkenSteel's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ZS2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from TimkenSteel Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZS2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.59 0.66 0.51 2.00
2019-12-31 0.15 0.15 0.15 1.00
DB:ZS2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.57
2018-12-31 -0.71
2018-09-30 -0.58
2018-06-30 -0.75
2018-03-31 -0.91
2017-12-31 -0.99
2017-09-30 -1.73
2017-06-30 -2.11
2017-03-31 -2.29
2016-12-31 -2.39
2016-09-30 -0.80
2016-06-30 -0.99

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TimkenSteel will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TimkenSteel's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TimkenSteel has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TimkenSteel performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TimkenSteel's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TimkenSteel does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare TimkenSteel's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare TimkenSteel's 1-year growth to the Europe Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
TimkenSteel's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TimkenSteel Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZS2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,600.80 -25.60 108.80 8.10
2018-12-31 1,610.60 -31.70 106.70 8.10
2018-09-30 1,545.60 -26.00 90.70 8.00
2018-06-30 1,474.80 -33.30 84.90 8.00
2018-03-31 1,400.60 -40.40 82.30 8.00
2017-12-31 1,329.20 -43.80 86.80 8.00
2017-09-30 1,202.50 -76.90 72.70 8.00
2017-06-30 1,077.20 -93.20 82.40 8.00
2017-03-31 961.00 -101.10 83.00 8.00
2016-12-31 869.50 -105.50 148.50 8.00
2016-09-30 861.40 -35.30 77.90 8.60
2016-06-30 880.30 -43.90 82.70 8.60
2016-03-31 935.40 -61.60 89.50 8.60
2015-12-31 1,106.20 -45.00 99.00 8.60
2015-09-30 1,307.90 -31.80 107.50 8.50
2015-06-30 1,509.40 24.70 112.00 8.50
2015-03-31 1,673.40 77.70 108.40 8.50
2014-12-31 1,674.20 46.10 120.40 8.50
2014-09-30 1,595.90 114.10 94.70 9.40
2014-06-30 1,512.20 105.50 86.70 9.40
2014-03-31 1,424.10 102.10 84.30 9.40
2013-12-31 1,380.90 89.50 82.40 9.40
2013-09-30 1,367.30 78.40 85.30 11.20
2012-12-31 1,728.70 155.20 92.30 11.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if TimkenSteel has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if TimkenSteel has efficiently used its assets last year compared to the Europe Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if TimkenSteel improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess TimkenSteel's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TimkenSteel has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TimkenSteel's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TimkenSteel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TimkenSteel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TimkenSteel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TimkenSteel's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TimkenSteel Company Filings, last reported 1 month ago.

DB:ZS2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 541.30 231.10 7.80
2018-12-31 535.20 189.10 21.60
2018-09-30 574.30 218.00 27.00
2018-06-30 571.00 222.00 39.00
2018-03-31 562.00 201.10 35.40
2017-12-31 560.70 165.30 24.50
2017-09-30 592.70 164.40 25.80
2017-06-30 596.90 168.40 36.20
2017-03-31 593.20 162.50 20.60
2016-12-31 597.40 136.60 25.60
2016-09-30 659.80 135.80 23.30
2016-06-30 683.90 145.30 37.20
2016-03-31 678.00 185.20 37.50
2015-12-31 682.00 200.20 42.40
2015-09-30 687.00 205.20 30.80
2015-06-30 729.90 175.20 35.70
2015-03-31 752.20 195.20 31.00
2014-12-31 748.10 185.20 34.50
2014-09-30 827.10 130.20 37.50
2014-06-30 797.20 130.20 43.70
2014-03-31 822.70 30.20
2013-12-31 800.80 30.20
2013-09-30 740.90 30.20
2012-12-31 699.80 30.20
  • TimkenSteel's level of debt (42.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.8% vs 42.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • TimkenSteel has less than a year of cash runway based on current free cash flow.
  • TimkenSteel has less than a year of cash runway if free cash flow continues to grow at historical rates of 99.8% each year.
X
Financial health checks
We assess TimkenSteel's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TimkenSteel has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TimkenSteel's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TimkenSteel dividends. Estimated to be 0% next year.
If you bought €2,000 of TimkenSteel shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TimkenSteel's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TimkenSteel's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ZS2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ZS2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 2.00
DB:ZS2 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-08-01 0.000 0.000
2017-07-31 0.000 0.000
2017-04-27 0.000 0.000
2017-03-16 0.000 0.000
2017-02-16 0.000 0.000
2016-10-27 0.000 0.000
2016-08-04 0.000 0.000
2016-07-27 0.000 0.000
2016-05-04 0.000 0.000
2016-04-28 0.000 0.000
2015-11-13 0.000 0.000
2015-08-12 0.000 0.000
2015-05-06 0.560 2.187
2015-04-30 0.560 1.782
2014-11-12 0.560 1.859
2014-08-06 0.560 1.279

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TimkenSteel has not reported any payouts.
  • Unable to verify if TimkenSteel's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TimkenSteel's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TimkenSteel has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of TimkenSteel's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess TimkenSteel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TimkenSteel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TimkenSteel has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TimkenSteel's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tim Timken
COMPENSATION $4,736,020
AGE 50
TENURE AS CEO 4.9 years
CEO Bio

Mr. Ward J. Timken, Jr., also known as Tim, has been the Chairman, Chief Executive Officer and President of TimkenSteel Corporation since June 2014. Mr. Timken served as an Executive Vice President and President- Steel Group of Timken Co., from 2004 to 2005. He served as a Corporate Vice President, Office of the Chairman at Timken Co. from 2000 to 2003. He served as Vice President of Latin America, Business Development Manager of Europe, Africa and West Asia. Mr. Timken has demonstrated exceptional leadership in key management roles throughout Timken Co, including major corporate initiatives such as directing the integration of the former Torrington Company. He is a key asset to Timken Co and its shareholders as continue to grow and build an even stronger company around the world. He started with Timken Co, in 1992 as Executive Assistant in Timken Co, Steel Group. His other positions in the Steel Group include Senior Analyst, Principal Strategic Management Analyst and Market Manager of Distribution. In the bearing business, he has served as Marketing Manager of original equipment distribution - Europe, Africa and West Asia and as Vice President - Latin America. He served as the Chairman of The Timken Company at Timken India Ltd. Mr. Timken served as the Chairman of Timken Co. since August 15, 2005 until May 13, 2013 and its Director since 2002 until May 13, 2013. He served as the Chairman of the Board of Team Neo from 2011 to July 2013. He served as Vice Chairman of Timken Co. since April 19, 2005. He serves as Vice Chairman of the American Iron & Steel Institute and served as its Chairman. Mr. Timken serves as Director of Team NEO. He has been a Director of The Timken Company since April 2002 and Pella Corporation since 2008. An active Member of civic and business organizations, he serves on several boards, including the Ohio Steel Council, the Ohio Business Development Council, the Stark Development Board, the Henry & Louise Timken Foundation, the Timken Foundation and the Timken Charitable Trust. He serves on the executive committee of the National Association of Manufacturers and the board of the American Iron and Steel Institute. Mr. Timken holds a Bachelor's degree in Marketing from Georgetown University and an MBA in Marketing from the University of Virginia.

CEO Compensation
  • Tim's compensation has been consistent with company performance over the past year.
  • Tim's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the TimkenSteel management team in years:

2.3
Average Tenure
55
Average Age
  • The tenure for the TimkenSteel management team is about average.
Management Team

Tim Timken

TITLE
Chairman
COMPENSATION
$5M
AGE
50
TENURE
4.9 yrs

Kris Westbrooks

TITLE
Executive VP & CFO
COMPENSATION
$594K
AGE
40
TENURE
0.7 yrs

Frank DiPiero

TITLE
Executive VP
COMPENSATION
$1M
AGE
62

Tom Moline

TITLE
Executive Vice President of Commercial Operations
COMPENSATION
$679K
AGE
55

Bill Bryan

TITLE
Executive Vice President of Manufacturing
COMPENSATION
$689K
AGE
58

Ray Fryan

TITLE
Vice President of Technology & Quality

Mitch Byrnes

TITLE
Senior Manager of Investor Relations

Kevin Raketich

TITLE
Executive Vice President of Strategy and Corporate Development
TENURE
2.3 yrs

Elaine M. Reolfi

TITLE
Executive Vice President of HR & Corporate Relations
TENURE
0.3 yrs

Amanda Sterling

TITLE
Vice President of Audit & Transactional Services
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the TimkenSteel board of directors in years:

5.3
Average Tenure
61
Average Age
  • The tenure for the TimkenSteel board of directors is about average.
Board of Directors

Tim Timken

TITLE
Chairman
COMPENSATION
$5M
AGE
50
TENURE
4.9 yrs

Diane Creel

TITLE
Director
COMPENSATION
$209K
AGE
70
TENURE
5.3 yrs

Don Misheff

TITLE
Director
COMPENSATION
$222K
AGE
61
TENURE
5.3 yrs

John Reilly

TITLE
Lead Director
COMPENSATION
$237K
AGE
74

Randall Edwards

TITLE
Independent Director
COMPENSATION
$207K
AGE
59
TENURE
4.3 yrs

Ron Rice

TITLE
Independent Director
COMPENSATION
$207K
AGE
55
TENURE
4.3 yrs

Joe Carrabba

TITLE
Director
COMPENSATION
$199K
AGE
65
TENURE
5.3 yrs

Phil Cox

TITLE
Director
COMPENSATION
$207K
AGE
70
TENURE
5.3 yrs

Randy Wotring

TITLE
Director
COMPENSATION
$207K
AGE
61
TENURE
5.3 yrs

Terry Dunlap

TITLE
Independent Director
COMPENSATION
$207K
AGE
59
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess TimkenSteel's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TimkenSteel has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. The company offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision steel components, as well as supplies machining and thermal treatment services. It also manages raw material recycling programs. The company’s products are used in oil country drill pipes; bits and collars; gears; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications. It sells its products and services to the oil and gas, oil country tubular goods, automotive, industrial equipment, mining, construction, rail, aerospace and defense, heavy truck, agriculture, and power generation sectors. TimkenSteel Corporation was founded in 1899 and is headquartered in Canton, Ohio.

Details
Name: TimkenSteel Corporation
ZS2
Exchange: DB
Founded: 1899
$340,134,958
44,765,909
Website: http://www.timkensteel.com
Address: TimkenSteel Corporation
1835 Dueber Avenue SW,
Canton,
Ohio, 44706,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TMST Common Shares New York Stock Exchange US USD 19. Jun 2014
DB ZS2 Common Shares Deutsche Boerse AG DE EUR 19. Jun 2014
Number of employees
Current staff
Staff numbers
3,000
TimkenSteel employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 22:25
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.