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STLD

Steel Dynamics NasdaqGS:STLD Stock Report

Last Price

US$84.39

Market Cap

US$15.9b

7D

11.4%

1Y

36.2%

Updated

26 May, 2022

Data

Company Financials +
STLD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

STLD Stock 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

Summary of all time highs, changes and price drops for Steel Dynamics
Historical stock prices
Current Share PriceUS$84.39
52 Week HighUS$100.37
52 Week LowUS$50.54
Beta1.31
1 Month Change-3.60%
3 Month Change22.29%
1 Year Change36.20%
3 Year Change230.04%
5 Year Change145.82%
Change since IPO1,712.40%

Recent News & Updates

Apr 29
We Think Steel Dynamics (NASDAQ:STLD) Might Have The DNA Of A Multi-Bagger

We Think Steel Dynamics (NASDAQ:STLD) Might Have The DNA Of A Multi-Bagger

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Shareholder Returns

STLDUS Metals and MiningUS Market
7D11.4%6.4%1.0%
1Y36.2%-2.3%-15.1%

Return vs Industry: STLD exceeded the US Metals and Mining industry which returned -2.3% over the past year.

Return vs Market: STLD exceeded the US Market which returned -15.1% over the past year.

Price Volatility

Is STLD's price volatile compared to industry and market?
STLD volatility
STLD Average Weekly Movement6.3%
Metals and Mining Industry Average Movement10.1%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

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

FoundedEmployeesCEOWebsite
199310,640Mark Milletthttps://stld.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 roll, cold roll, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars.

Steel Dynamics Fundamentals Summary

How do Steel Dynamics's earnings and revenue compare to its market cap?
STLD fundamental statistics
Market CapUS$15.92b
Earnings (TTM)US$3.89b
Revenue (TTM)US$20.43b

4.1x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
STLD income statement (TTM)
RevenueUS$20.43b
Cost of RevenueUS$14.09b
Gross ProfitUS$6.34b
Other ExpensesUS$2.46b
EarningsUS$3.89b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)20.60
Gross Margin31.05%
Net Profit Margin19.02%
Debt/Equity Ratio44.1%

How did STLD perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

6%

Payout Ratio

Does STLD pay a reliable dividends?

See STLD dividend history and benchmarks
When do you need to buy STLD by to receive an upcoming dividend?
Steel Dynamics dividend dates
Ex Dividend DateJun 29 2022
Dividend Pay DateJul 15 2022
Days until Ex dividend32 days
Days until Dividend pay date48 days

Does STLD pay a reliable dividends?

See STLD dividend history and benchmarks

Valuation

Is Steel Dynamics undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: STLD ($84.39) is trading below our estimate of fair value ($184.43)

Significantly Below Fair Value: STLD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: STLD is good value based on its Price-To-Earnings Ratio (4.1x) compared to the US Metals and Mining industry average (8.6x).

PE vs Market: STLD is good value based on its Price-To-Earnings Ratio (4.1x) compared to the US market (15.2x).


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 Price-To-Book Ratio (2.3x) compared to the US Metals and Mining industry average (1.9x).


Future Growth

How is Steel Dynamics forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-29.6%

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 (-29.6% per year).

Earnings vs Market: STLD's earnings are forecast to decline over the next 3 years (-29.6% 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 (-14.2% per year).

High Growth Revenue: STLD's revenue is forecast to decline over the next 3 years (-14.2% 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 (18.1%).


Past Performance

How has Steel Dynamics performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.7%

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 (19%) are higher than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: STLD's earnings have grown significantly by 29.7% per year over the past 5 years.

Accelerating Growth: STLD's earnings growth over the past year (389.6%) exceeds its 5-year average (29.7% per year).

Earnings vs Industry: STLD earnings growth over the past year (389.6%) exceeded the Metals and Mining industry 98.2%.


Return on Equity

High ROE: STLD's Return on Equity (56.1%) is considered outstanding.


Financial Health

How is Steel Dynamics's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: STLD's short term assets ($7.1B) exceed its short term liabilities ($2.1B).

Long Term Liabilities: STLD's short term assets ($7.1B) exceed its long term liabilities ($4.0B).


Debt to Equity History and Analysis

Debt Level: STLD's net debt to equity ratio (27.1%) is considered satisfactory.

Reducing Debt: STLD's debt to equity ratio has reduced from 78.7% to 44.1% over the past 5 years.

Debt Coverage: STLD's debt is well covered by operating cash flow (89.7%).

Interest Coverage: STLD's interest payments on its debt are well covered by EBIT (91.9x coverage).


Balance Sheet


Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.61%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 27 2022Ex Dividend DateJun 29 2022Dividend Pay DateJul 15 202216 days from Ex DividendBuy in the next 32 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: STLD's dividend (1.61%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: STLD's dividend (1.61%) is low compared to the top 25% of dividend payers in the US market (4.01%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (5.8%), STLD's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (13.5%), STLD's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.2yrs

Average management tenure


CEO

Mark Millett (61 yo)

10.33yrs

Tenure

US$10,999,918

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 ($USD11.00M) is about average for companies of similar size in the US market ($USD13.20M).

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 (6.2 years average tenure).


Board Members

Experienced Board: STLD's board of directors are seasoned and experienced ( 11.2 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
  • Implied Market Cap: US$15.924b
  • Shares outstanding: 188.69m
  • Website: https://stld.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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/26 00:00
End of Day Share Price2022/05/26 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.