Schnitzer Steel Industries
Market Cap
US$867.3m
Last Updated
2021/01/25 23:11 UTC
Data Sources
Company Financials +
Executive Summary
Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Schnitzer Steel Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SCHN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: SCHN's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-4.2%
SCHN
-1.4%
US Metals and Mining
2.6%
US Market
1 Year Return
75.8%
SCHN
47.1%
US Metals and Mining
26.0%
US Market
Return vs Industry: SCHN exceeded the US Metals and Mining industry which returned 45.6% over the past year.
Return vs Market: SCHN exceeded the US Market which returned 23.8% over the past year.
Shareholder returns
| SCHN | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.2% | -1.4% | 2.6% |
| 30 Day | -0.7% | 5.7% | 5.1% |
| 90 Day | 52.0% | 21.6% | 17.1% |
| 1 Year | 84.4%75.8% | 50.4%47.1% | 28.9%26.0% |
| 3 Year | -5.0%-14.5% | 21.5%13.3% | 46.3%36.6% |
| 5 Year | 176.0%130.7% | 191.0%162.6% | 126.9%101.6% |
Long-Term Price Volatility Vs. Market
How volatile is Schnitzer Steel Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Returns On Capital - An Important Metric For Schnitzer Steel Industries (NASDAQ:SCHN)3 weeks ago | Simply Wall St
Shareholders Of Schnitzer Steel Industries (NASDAQ:SCHN) Must Be Happy With Their 153% Total Return1 month ago | Simply Wall St
A Look At The Intrinsic Value Of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)Valuation
Is Schnitzer Steel Industries undervalued compared to its fair value and its price relative to the market?
49.87x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SCHN ($31.59) is trading above our estimate of fair value ($24.01)
Significantly Below Fair Value: SCHN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SCHN is poor value based on its PE Ratio (51.2x) compared to the US Metals and Mining industry average (20.5x).
PE vs Market: SCHN is poor value based on its PE Ratio (51.2x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: SCHN is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: SCHN is good value based on its PB Ratio (1.3x) compared to the US Metals and Mining industry average (1.9x).
Next Steps
Future Growth
How is Schnitzer Steel Industries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
55.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SCHN's forecast earnings growth (55.6% per year) is above the savings rate (2%).
Earnings vs Market: SCHN's earnings (55.6% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SCHN's revenue (18.3% per year) is forecast to grow faster than the US market (10.6% per year).
High Growth Revenue: SCHN's revenue (18.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SCHN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Schnitzer Steel Industries performed over the past 5 years?
32.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SCHN has a large one-off loss of $12.6M impacting its November 30 2020 financial results.
Growing Profit Margin: SCHN's current net profit margins (1%) are lower than last year (1.7%).
Past Earnings Growth Analysis
Earnings Trend: SCHN has become profitable over the past 5 years, growing earnings by 32.4% per year.
Accelerating Growth: SCHN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SCHN had negative earnings growth (-48.5%) over the past year, making it difficult to compare to the Metals and Mining industry average (-12.4%).
Return on Equity
High ROE: SCHN's Return on Equity (2.8%) is considered low.
Next Steps
Financial Health
How is Schnitzer Steel Industries's financial position?
Financial Position Analysis
Short Term Liabilities: SCHN's short term assets ($401.0M) exceed its short term liabilities ($213.4M).
Long Term Liabilities: SCHN's short term assets ($401.0M) exceed its long term liabilities ($375.6M).
Debt to Equity History and Analysis
Debt Level: SCHN's debt to equity ratio (20.8%) is considered satisfactory.
Reducing Debt: SCHN's debt to equity ratio has reduced from 38.7% to 20.8% over the past 5 years.
Debt Coverage: SCHN's debt is well covered by operating cash flow (74%).
Interest Coverage: SCHN's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Schnitzer Steel Industries's current dividend yield, its reliability and sustainability?
2.44%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SCHN's dividend (2.37%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: SCHN's dividend (2.37%) is low compared to the top 25% of dividend payers in the US market (3.86%).
Stability and Growth of Payments
Stable Dividend: SCHN's dividends per share have been stable in the past 10 years.
Growing Dividend: SCHN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (121.6%), SCHN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.8yrs
Average management tenure
CEO
Tamara Adler Lundgren (62 yo)
12.08yrs
Tenure
US$6,871,554
Compensation
Ms. Tamara L. Adler Lundgren, J.D., has been the President, Chief Executive Officer and Director of Schnitzer Steel Industries, Inc. since December 1, 2008 and has been its Chairman since March 27, 2020. S...
CEO Compensation Analysis
Compensation vs Market: Tamara's total compensation ($USD6.87M) is above average for companies of similar size in the US market ($USD2.40M).
Compensation vs Earnings: Tamara's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.08yrs | US$6.87m | 2.64% $ 22.9m | |
| Executive VP | 13.08yrs | US$2.27m | 0.47% $ 4.0m | |
| Senior VP & President of Operations | 0.83yr | US$1.89m | 0.25% $ 2.2m | |
| Senior VP & President of Products and Services | 6yrs | US$1.74m | 0.22% $ 1.9m | |
| Deputy CFO | 7.08yrs | no data | 0.072% $ 627.6k | |
| Senior Director of Investor Relations | no data | no data | no data | |
| Senior VP | 5.5yrs | US$1.44m | 0.091% $ 785.9k | |
| Vice President of Corporate Development | 4.42yrs | no data | no data | |
| Senior VP | 0.83yr | no data | no data | |
| Deputy Chief of Staff | no data | no data | no data |
5.8yrs
Average Tenure
56yo
Average Age
Experienced Management: SCHN's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.08yrs | US$6.87m | 2.64% $ 22.9m | |
| Chairman Emeritus | 0.83yr | US$374.84k | 0.33% $ 2.9m | |
| Lead Independent Director | 6.33yrs | US$228.13k | 0.026% $ 224.3k | |
| Independent Director | 14.83yrs | US$224.18k | 0.0036% $ 31.6k | |
| Independent Director | 15yrs | US$223.90k | 0% $ 0 | |
| Independent Director | 5.75yrs | US$205.90k | 0% $ 0 | |
| Independent Director | 0.17yr | no data | 0% $ 0 | |
| Independent Director | 3.25yrs | US$205.90k | 0% $ 0 | |
| Independent Director | 8yrs | US$243.23k | 0% $ 0 |
5.8yrs
Average Tenure
67yo
Average Age
Experienced Board: SCHN's board of directors are considered experienced (5.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SCHN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Schnitzer Steel Industries, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Schnitzer Steel Industries, Inc.
- Ticker: SCHN
- Exchange: NasdaqGS
- Founded: 1906
- Industry: Steel
- Sector: Materials
- Market Cap: US$867.263m
- Shares outstanding: 27.45m
- Website: https://www.schnitzersteel.com
Number of Employees
Location
- Schnitzer Steel Industries, Inc.
- 299 SW Clay Street
- Suite 350
- Portland
- Oregon
- 97201
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SCHN | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Nov 1993 |
| SS1A | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Nov 1993 |
Biography
Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates in two segments, Auto and Metals Recycling (AMR), and...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 23:11 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/11/30 |
| Annual Earnings | 2020/08/31 |
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.