| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 5/6 |
STLD Overview
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States.
Steel Dynamics Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$67.28 |
| 52 Week High | US$30.26 |
| 52 Week Low | US$74.37 |
| Beta | 1.49 |
| 1 Month Change | 12.43% |
| 3 Month Change | 9.83% |
| 1 Year Change | 114.27% |
| 3 Year Change | 72.51% |
| 5 Year Change | 149.09% |
| Change since IPO | 1,344.94% |
Recent News & Updates
Calculating The Fair Value Of Steel Dynamics, Inc. (NASDAQ:STLD)
In this article we are going to estimate the intrinsic value of Steel Dynamics, Inc. ( NASDAQ:STLD ) by estimating the...
Steel Dynamics: Not Buying The Projected Declines
Steel Dynamics has enjoyed the surging price of steel as it reported record quarters and year. But now, analysts have projected significant declines over the next couple of years, something I believe is discounting the higher shipping capacity the company has. As a result, I am bullish on the company's long-term prospects and awaiting the next financial reporting to initiate a price target.
Shareholder Returns
| STLD | US Metals and Mining | US Market | |
|---|---|---|---|
| 7D | 6.0% | 1.7% | 0.9% |
| 1Y | 114.3% | 45.7% | 33.4% |
Return vs Industry: STLD exceeded the US Metals and Mining industry which returned 48.5% over the past year.
Return vs Market: STLD exceeded the US Market which returned 33.4% over the past year.
Price Volatility
| STLD volatility | |
|---|---|
| STLD Beta | 1.49 |
| Industry Beta | 1.36 |
| Market Beta | 1 |
Stable Share Price: STLD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: STLD's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 9,625 | Mark Millett | https://www.steeldynamics.com |
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot and cold roll, and coated steel products; structural flange beams and channel sections, flat bars, large unequal leg angles, reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including channels, angles, flats, merchant rounds, and reinforcing steel bars; and other engineered round steel bars.
Steel Dynamics Fundamentals Summary
| STLD fundamental statistics | |
|---|---|
| Market Cap | US$13.73b |
| Earnings (TTM) | US$2.31b |
| Revenue (TTM) | US$15.70b |
5.9x
P/E Ratio0.9x
P/S RatioIs STLD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| STLD income statement (TTM) | |
|---|---|
| Revenue | US$15.70b |
| Cost of Revenue | US$11.66b |
| Gross Profit | US$4.04b |
| Expenses | US$1.73b |
| Earnings | US$2.31b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 11.32 |
| Gross Margin | 25.75% |
| Net Profit Margin | 14.72% |
| Debt/Equity Ratio | 54.7% |
How did STLD perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield9%
Payout RatioValuation
Is Steel Dynamics undervalued compared to its fair value and its price relative to the market?
5.94x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: STLD ($67.28) is trading above our estimate of fair value ($46.86)
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 (5.9x) compared to the US Metals and Mining industry average (11.7x).
PE vs Market: STLD is good value based on its PE Ratio (5.9x) compared to the US market (18.3x).
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's PB Ratio (2.4x) is in line with the US Metals and Mining industry average.
Future Growth
How is Steel Dynamics forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
-33.3%
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 (-33.3% per year).
Earnings vs Market: STLD's earnings are forecast to decline over the next 3 years (-33.3% per year).
High Growth Earnings: STLD's earnings are forecast to decline over the next 3 years.
Revenue vs Market: STLD's revenue is expected to decline over the next 3 years (-9.5% per year).
High Growth Revenue: STLD's revenue is forecast to decline over the next 3 years (-9.5% 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 (17.8%).
Past Performance
How has Steel Dynamics performed over the past 5 years?
17.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STLD has a high level of non-cash earnings.
Growing Profit Margin: STLD's current net profit margins (14.7%) are higher than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: STLD's earnings have grown by 17.7% per year over the past 5 years.
Accelerating Growth: STLD's earnings growth over the past year (377.2%) exceeds its 5-year average (17.7% per year).
Earnings vs Industry: STLD earnings growth over the past year (377.2%) exceeded the Metals and Mining industry 88.6%.
Return on Equity
High ROE: STLD's Return on Equity (41.8%) is considered outstanding.
Financial Health
How is Steel Dynamics's financial position?
Financial Position Analysis
Short Term Liabilities: STLD's short term assets ($6.0B) exceed its short term liabilities ($2.1B).
Long Term Liabilities: STLD's short term assets ($6.0B) exceed its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: STLD's debt to equity ratio (54.7%) is considered high.
Reducing Debt: STLD's debt to equity ratio has reduced from 87.6% to 54.7% over the past 5 years.
Debt Coverage: STLD's debt is well covered by operating cash flow (52.6%).
Interest Coverage: STLD's interest payments on its debt are well covered by EBIT (35.3x coverage).
Balance Sheet
Dividend
What is Steel Dynamics's current dividend yield, its reliability and sustainability?
1.55%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: STLD's dividend (1.55%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: STLD's dividend (1.55%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: STLD's dividends per share have been stable 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 (9.3%), STLD's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: STLD's dividends in 3 years are forecast to be well covered by earnings (18% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.7yrs
Average management tenure
CEO
Mark Millett (61 yo)
9.75yrs
Tenure
US$10,976,625
Compensation
Mr. Mark D. Millett is a Co-founder of Steel Dynamics Inc. and has been its President and Chief Executive Officer since January 01, 2012 and also serves as its Chairman of the Board since may 24, 2021. He...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD10.98M) is about average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: STLD's management team is seasoned and experienced (7.7 years average tenure).
Board Members
Experienced Board: STLD's board of directors are considered experienced (9.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: STLD 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
Steel Dynamics, Inc.'s 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$13.733b
- Shares outstanding: 204.11m
- Website: https://www.steeldynamics.com
Number of Employees
Location
- Steel Dynamics, Inc.
- 7575 West Jefferson Boulevard
- Fort Wayne
- Indiana
- 46804
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 22:30 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.