Steel Dynamics
Market Cap
US$6.6b
Last Updated
2019/10/22 23:43 UTC
Data Sources
Company Financials +
Executive Summary
Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally.
Snowflake
Fundamentals
Excellent balance sheet with proven track record and pays a dividend.
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Share Price & News
How has Steel Dynamics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.4%
STLD
2.0%
US Metals and Mining
0.07%
US Market
1 Year Return
-26.3%
STLD
-5.2%
US Metals and Mining
8.9%
US Market
Return vs Industry: STLD underperformed the US Metals and Mining industry which returned -5.2% over the past year.
Return vs Market: STLD underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| STLD | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 2.0% | 0.07% |
| 30 Day | -1.3% | -2.2% | -0.3% |
| 90 Day | -6.3% | -6.9% | -1.6% |
| 1 Year | -24.1%-26.3% | -2.3%-5.2% | 11.3%8.9% |
| 3 Year | 21.9%14.5% | 9.5%3.8% | 46.3%36.8% |
| 5 Year | 49.0%32.7% | -0.7%-8.3% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is Steel Dynamics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
These 4 Measures Indicate That Steel Dynamics (NASDAQ:STLD) Is Using Debt Reasonably Well2 weeks ago | Simply Wall St
Why You Should Like Steel Dynamics, Inc.’s (NASDAQ:STLD) ROCE1 month ago | Simply Wall St
What Makes Steel Dynamics, Inc. (NASDAQ:STLD) A Great Dividend Stock?Valuation
Is Steel Dynamics undervalued compared to its fair value and its price relative to the market?
8.16x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: STLD ($29.97) is trading above our estimate of fair value ($26.4)
Significantly Below Fair Value: STLD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: STLD is good value based on its PE Ratio (8.2x) compared to the Metals and Mining industry average (13.5x).
PE vs Market: STLD is good value based on its PE Ratio (8.2x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: STLD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: STLD is overvalued based on its PB Ratio (1.6x) compared to the US Metals and Mining industry average (1.4x).
Next Steps
Future Growth
How is Steel Dynamics forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
-5.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STLD's earnings are forecast to decline over the next 3 years (-5.3% per year).
Earnings vs Market: STLD's earnings are forecast to decline over the next 3 years (-5.3% per year).
High Growth Earnings: STLD's earnings are forecast to decline over the next 3 years.
Revenue vs Market: STLD's revenue (2.6% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: STLD's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STLD's Return on Equity is forecast to be low in 3 years time (12.6%).
Next Steps
Past Performance
How has Steel Dynamics performed over the past 5 years?
48.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: STLD's earnings have grown significantly by 48.5% per year over the past 5 years.
Accelerating Growth: STLD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: STLD had negative earnings growth (-36.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (26.8%).
Return on Equity
High ROE: STLD's Return on Equity (20.4%) is considered high.
Return on Assets
ROA vs Industry: STLD has a higher Return on Assets than the Metals and Mining industry average last year.
Return on Capital Employed
ROCE Improving: STLD has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Steel Dynamics's financial position?
Financial Position Analysis
Short Term Liabilities: STLD's short term assets ($4.0B) exceeds its short term liabilities ($1.0B)
Long Term Liabilities: STLD's short term assets (4.0B) exceeds its long term liabilities (2.9B)
Debt to Equity History and Analysis
Debt Level: STLD's debt to equity ratio (59.8%) is considered high
Reducing Debt: STLD's debt to equity ratio has reduced from 100.8% to 59.8% over the past 5 years.
Debt Coverage: STLD's debt is well covered by operating cash flow (61.1%).
Interest Coverage: STLD's interest payments on its debt are well covered by EBIT (11.4x coverage).
Balance Sheet
Inventory Level: STLD has a high level of physical assets or inventory.
Debt Coverage by Assets: STLD's debt is covered by short term assets (assets are 1.661290x debt).
Next Steps
Dividend
What is Steel Dynamics's current dividend yield, its reliability and sustainability?
3.20%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: STLD's dividend (3.2%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: STLD's dividend (3.2%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: STLD's dividend payments have been volatile in the past 10 years.
Growing Dividend: STLD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.7%), STLD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: STLD's dividends in 3 years are forecast to be well covered by earnings (39.6% payout ratio).
Next Steps
Management
What is the CEO of Steel Dynamics's salary, the management and board of directors tenure and is there insider trading?
3.7yrs
Average management tenure
CEO
Mark Millett (59yo)
7.8yrs
Tenure
US$10,116,690
Compensation
Mr. Mark D. Millett is a Co-founder of Steel Dynamics Inc. and has been its President and Chief Executive Officer since January 01, 2012. Mr. Millett served as Chief Operating Officer at Steel Dynamics Inc ...
CEO Compensation Analysis
Compensation vs. Market: Mark's total compensation ($USD10.12M) is about average for companies of similar size in the US market ($USD6.88M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.7yrs
Average Tenure
54yo
Average Age
Experienced Management: STLD's management team is considered experienced (3.7 years average tenure).
Board Age and Tenure
12.3yrs
Average Tenure
64.5yo
Average Age
Experienced Board: STLD's board of directors are seasoned and experienced ( 12.3 years average tenure).
Insider Trading
Insider Buying: STLD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Southwest U.S. & Mexico |
| Shares | 8,920 |
| Max Price | US$27.72 |
| Entity | Individual |
| Role | Chairman of the Board Co-Founder & Non-Executive Chairman |
| Shares | 500 |
| Max Price | US$32.13 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Special Projects |
| Shares | 5,740 |
| Max Price | US$26.19 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Metals Recycling |
| Shares | 2,000 |
| Max Price | US$25.58 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,000 |
| Max Price | US$27.03 |
| Entity | Individual |
| Role | Member of the Board of Directors Co-Founder & Director |
| Shares | 20,000 |
| Max Price | US$33.85 |
Ownership Breakdown
Management Team
Mark Millett (59yo)
Co-Founder
- Tenure: 7.8yrs
- Compensation: US$10.12m
Dick Teets (64yo)
Co-Founder & Director
- Tenure: 26.8yrs
- Compensation: US$225.00k
Russ Rinn (62yo)
Executive Vice President of Metals Recycling
- Tenure: 8.3yrs
- Compensation: US$3.47m
Theresa Wagler (49yo)
Executive VP & CFO
- Tenure: 12.4yrs
- Compensation: US$4.08m
Glenn Pushis (53yo)
Senior Vice President of Special Projects
- Tenure: 3.7yrs
- Compensation: US$2.69m
Barry Schneider (50yo)
Senior Vice President of Flat Roll Steel Group
- Tenure: 3.6yrs
- Compensation: US$2.69m
Miguel Alvarez (51yo)
Senior Vice President of Southwest U.S. & Mexico
- Tenure: 0.7yrs
Chris Graham (55yo)
Senior Vice President of Long Products Steel Group
- Tenure: 3.6yrs
- Compensation: US$2.03m
Marlene Owen
Director of Investor Relations
- Tenure: 0yrs
Jeff Hansen
Vice President of Human Resources & Safety
- Tenure: 0yrs
Board Members
Keith Busse (75yo)
Co-Founder & Non-Executive Chairman
- Tenure: 26.8yrs
- Compensation: US$365.00k
Mark Millett (59yo)
Co-Founder
- Tenure: 7.8yrs
- Compensation: US$10.12m
Dick Teets (64yo)
Co-Founder & Director
- Tenure: 26.8yrs
- Compensation: US$225.00k
Traci Dolan (61yo)
Independent Director
- Tenure: 7.2yrs
- Compensation: US$257.50k
Frank Byrne (66yo)
Independent Director
- Tenure: 14.6yrs
- Compensation: US$244.50k
Jürgen Kolb (76yo)
Independent Director
- Tenure: 23.8yrs
- Compensation: US$244.50k
Brad Seaman (59yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$247.50k
Gabe Shaheen (65yo)
Independent Director
- Tenure: 10.1yrs
- Compensation: US$257.00k
Jim Marcuccilli (68yo)
Lead Independent Director
- Tenure: 7.8yrs
- Compensation: US$292.00k
Ken Cornew (54yo)
Independent Director
- Tenure: 3.4yrs
- Compensation: US$240.00k
Company Information
Steel Dynamics, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Steel Dynamics, Inc.
- Ticker: STLD
- Exchange: NasdaqGS
- Founded: 1993
- Industry: Steel
- Sector: Materials
- Market Cap: US$6.582b
- Shares outstanding: 219.61m
- Website: https://www.steeldynamics.com
Number of Employees
Location
- Steel Dynamics, Inc.
- 7575 West Jefferson Boulevard
- Fort Wayne
- Indiana
- 46804
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| STLD | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Nov 1996 |
| SD5 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 1996 |
| STLD * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Nov 1996 |
Biography
Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segment ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 23:43 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.