Nucor Corporation

LSE:0K9L Stock Report

Market Cap: US$27.4b

Nucor Valuation

Is 0K9L undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0K9L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0K9L ($116.75) is trading below our estimate of fair value ($135.02)

Significantly Below Fair Value: 0K9L is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0K9L?

Key metric: As 0K9L is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0K9L. This is calculated by dividing 0K9L's market cap by their current earnings.
What is 0K9L's PE Ratio?
PE Ratio10.9x
EarningsUS$2.51b
Market CapUS$27.37b

Price to Earnings Ratio vs Peers

How does 0K9L's PE Ratio compare to its peers?

The above table shows the PE ratio for 0K9L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.1x
NLMK Novolipetsk Steel
0.8xn/aUS$4.1b
HILS Hill & Smith
19.7x11.0%UK£1.5b
ANTO Antofagasta
26.2x18.3%UK£15.9b
ECOR Ecora Resources
9.6x14.6%UK£151.8m
0K9L Nucor
10.9x6.7%US$27.4b

Price-To-Earnings vs Peers: 0K9L is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (18.5x).

Price to Earnings Ratio vs Industry

How does 0K9L's PE Ratio compare vs other companies in the GB Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
MTL Metals Exploration
0.8x-60.3%US$115.18m
ARCM Arc Minerals
1.8xn/aUS$20.03m
0K9L 10.9xIndustry Avg. 9.4xNo. of Companies7PE0816243240+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0K9L is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the UK Metals and Mining industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0K9L's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0K9L PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.9x
Fair PE Ratio19.5x

Price-To-Earnings vs Fair Ratio: 0K9L is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (19.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0K9L forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$116.75
US$163.96
+40.4%
8.6%US$190.00US$145.00n/a12
Dec ’25US$154.69
US$172.51
+11.5%
13.7%US$240.00US$150.00n/a11
Nov ’25US$143.51
US$173.42
+20.8%
14.1%US$240.00US$150.00n/a11
Oct ’25US$153.36
US$180.12
+17.4%
12.3%US$240.00US$160.00n/a10
Sep ’25US$150.20
US$183.38
+22.1%
10.3%US$240.00US$170.00n/a11
Aug ’25US$155.77
US$185.29
+19.0%
10.4%US$240.00US$170.00n/a11
Jul ’25US$156.59
US$188.30
+20.3%
9.5%US$240.00US$170.00n/a11
Jun ’25US$165.50
US$202.87
+22.6%
9.7%US$240.00US$180.00n/a11
May ’25US$169.49
US$203.60
+20.1%
9.5%US$240.00US$180.00n/a11
Apr ’25US$198.08
US$195.72
-1.2%
9.5%US$240.00US$178.20n/a10
Mar ’25US$190.63
US$186.72
-2.0%
5.4%US$210.00US$178.20n/a10
Feb ’25US$186.45
US$182.33
-2.2%
7.4%US$210.00US$154.00n/a9
Jan ’25US$174.02
US$176.56
+1.5%
6.5%US$190.00US$154.00n/a9
Dec ’24US$170.54
US$173.13
+1.5%
7.9%US$190.00US$151.00US$154.698
Nov ’24US$146.98
US$169.78
+15.5%
8.5%US$185.00US$148.00US$143.519
Oct ’24US$156.73
US$171.89
+9.7%
8.7%US$191.00US$148.00US$153.369
Sep ’24US$173.41
US$168.45
-2.9%
9.7%US$191.00US$140.00US$150.2011
Aug ’24US$172.97
US$168.45
-2.6%
9.7%US$191.00US$140.00US$155.7711
Jul ’24US$163.41
US$157.67
-3.5%
9.9%US$188.00US$130.00US$156.5912
Jun ’24US$133.44
US$157.67
+18.2%
9.9%US$188.00US$130.00US$165.5012
May ’24US$146.73
US$155.35
+5.9%
11.1%US$188.00US$129.00US$169.4913
Apr ’24US$153.14
US$155.89
+1.8%
11.3%US$190.00US$126.00US$198.0813
Mar ’24US$172.29
US$148.13
-14.0%
14.4%US$190.00US$112.00US$190.6312
Feb ’24US$171.19
US$145.96
-14.7%
12.7%US$180.00US$112.00US$186.4512
Jan ’24US$132.77
US$137.06
+3.2%
14.0%US$180.00US$110.00US$174.0211
Dec ’23US$150.20
US$132.52
-11.8%
14.2%US$180.00US$109.00US$170.5411

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 06:39
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/28
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nucor Corporation is covered by 41 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David ColemanArgus Research Company
Ishan MajumdarBaptista Research
David GaglianoBarclays