Nucor
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The last earnings update was 15 days ago. More info.
Add to Portfolio Compare Print
NUE Share Price and Events
7 Day Returns
1 Year Returns
NUE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Nucor (NUE) | -3.8% | -9.8% | -13.6% | -18.2% | 9% | 2.3% |
| US Metals and Mining | -0.9% | -8.5% | -11.9% | -28.1% | 6.6% | -16.9% |
| US Market | 0.2% | -1.6% | 2.4% | 2.9% | 36.1% | 41% |
1 Year Return vs Industry and Market
- NUE outperformed the Metals and Mining industry which returned -28.1% over the past year.
- NUE underperformed the Market in United States of America which returned 2.9% over the past year.
NUE Value
Is Nucor undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Nucor
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Nucor.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.4% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 0.96 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.961 (1 + (1- 21%) (28.8%)) |
1.12 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.12 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.12 * 5.96%) |
9.41% |
Discounted Cash Flow Calculation for NYSE:NUE using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Nucor is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.41%) |
|
|---|---|---|---|
| 2019 | 1,064.35 | Analyst x8 | 972.84 |
| 2020 | 1,289.00 | Analyst x6 | 1,076.89 |
| 2021 | 1,275.00 | Analyst x1 | 973.62 |
| 2022 | 1,681.00 | Analyst x1 | 1,173.29 |
| 2023 | 1,061.00 | Analyst x1 | 676.88 |
| 2024 | 1,054.11 | Est @ -0.65% | 614.67 |
| 2025 | 1,057.96 | Est @ 0.36% | 563.88 |
| 2026 | 1,069.32 | Est @ 1.07% | 520.94 |
| 2027 | 1,086.12 | Est @ 1.57% | 483.63 |
| 2028 | 1,106.96 | Est @ 1.92% | 450.53 |
| Present value of next 10 years cash flows | $7,507.17 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,106.96 × (1 + 2.73%) ÷ (9.41% – 2.73%) |
$17,034.20 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $17,034.20 ÷ (1 + 9.41%)10 |
$6,932.91 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $7,507.17 + $6,932.91 |
$14,440.07 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $14,440.07 / 304.79 |
$47.38 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $47.38 |
| Current discount | Discount to share price of
$52.88
= -1 x ($52.88 - $47.38) / $47.38 |
-11.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Nucor is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Nucor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Nucor's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-30) in USD | $7.99 |
| NYSE:NUE Share Price ** | NYSE (2019-05-22) in USD | $52.88 |
| United States of America Metals and Mining Industry PE Ratio | Median Figure of 47 Publicly-Listed Metals and Mining Companies | 9.73x |
| United States of America Market PE Ratio | Median Figure of 3,085 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Nucor.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:NUE Share Price ÷ EPS (both in USD) = 52.88 ÷ 7.99 |
6.62x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Nucor is good value based on earnings compared to the US Metals and Mining industry average.
- Nucor is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Nucor's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 6.62x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
-13.4%per year |
| United States of America Metals and Mining Industry PEG Ratio | Median Figure of 25 Publicly-Listed Metals and Mining Companies | 0.62x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.54x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 6.62x ÷ -13.4% |
-0.49x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Nucor earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Nucor's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-30) in USD | $33.18 |
| NYSE:NUE Share Price * | NYSE (2019-05-22) in USD | $52.88 |
| United States of America Metals and Mining Industry PB Ratio | Median Figure of 104 Publicly-Listed Metals and Mining Companies | 1.45x |
| United States of America Market PB Ratio | Median Figure of 5,201 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:NUE Share Price ÷ Book Value per Share (both in USD) = 52.88 ÷ 33.18 |
1.59x |
* Primary Listing of Nucor.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Nucor is overvalued based on assets compared to the US Metals and Mining industry average.
Value checks
We assess Nucor's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Nucor has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
NUE Future Performance
How is Nucor expected to perform in the next 1 to 3 years based on estimates from 12 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Nucor's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Nucor's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Nucor's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:NUE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | -13.4% |
| NYSE:NUE Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | -1.3% |
| United States of America Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 20.3% |
| United States of America Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 23,991 | 1 | ||
| 2022-12-31 | 23,214 | 2,381 | 1 | |
| 2021-12-31 | 23,939 | 2,519 | 1,492 | 7 |
| 2020-12-31 | 24,137 | 2,755 | 1,632 | 12 |
| 2019-12-31 | 24,570 | 2,667 | 1,799 | 12 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-30 | 25,595 | 2,917 | 2,498 |
| 2018-12-31 | 25,067 | 2,394 | 2,351 |
| 2018-09-29 | 23,864 | 2,186 | 2,090 |
| 2018-06-30 | 22,292 | 1,571 | 1,670 |
| 2018-03-31 | 21,006 | 939 | 1,311 |
| 2017-12-31 | 20,252 | 1,055 | 1,314 |
| 2017-09-30 | 19,117 | 1,334 | 1,091 |
| 2017-07-01 | 18,237 | 1,234 | 1,141 |
| 2017-04-01 | 17,308 | 1,443 | 1,062 |
| 2016-12-31 | 16,208 | 1,750 | 794 |
| 2016-10-01 | 15,708 | 1,582 | 296 |
| 2016-07-02 | 15,644 | 1,829 | 218 |
| 2016-04-02 | 15,755 | 2,144 | 99 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Nucor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 4.86 | 6.05 | 4.20 | 3.00 |
| 2020-12-31 | 5.36 | 6.93 | 4.08 | 6.00 |
| 2019-12-31 | 5.92 | 6.19 | 5.55 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-30 | 7.99 |
| 2018-12-31 | 7.44 |
| 2018-09-29 | 6.57 |
| 2018-06-30 | 5.23 |
| 2018-03-31 | 4.10 |
| 2017-12-31 | 4.11 |
| 2017-09-30 | 3.41 |
| 2017-07-01 | 3.57 |
| 2017-04-01 | 3.32 |
| 2016-12-31 | 2.48 |
| 2016-10-01 | 0.92 |
| 2016-07-02 | 0.68 |
| 2016-04-02 | 0.31 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Nucor's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Nucor has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
NUE Past Performance
How has Nucor performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Nucor has delivered over 20% year on year earnings growth in the past 5 years.
- Nucor's 1-year earnings growth exceeds its 5-year average (90.5% vs 37%)
- Nucor's earnings growth has exceeded the US Metals and Mining industry average in the past year (90.5% vs 43.9%).
Earnings and Revenue History
All data from Nucor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-30 | 25,595.48 | 2,498.26 | 879.00 | |
| 2018-12-31 | 25,067.28 | 2,351.42 | 881.22 | |
| 2018-09-29 | 23,863.72 | 2,089.86 | 840.02 | |
| 2018-06-30 | 22,291.64 | 1,669.92 | 749.44 | |
| 2018-03-31 | 21,005.63 | 1,311.43 | 671.57 | |
| 2017-12-31 | 20,252.39 | 1,314.14 | 665.03 | |
| 2017-09-30 | 19,116.60 | 1,090.68 | 619.31 | |
| 2017-07-01 | 18,236.72 | 1,141.16 | 638.24 | |
| 2017-04-01 | 17,307.73 | 1,062.15 | 629.74 | |
| 2016-12-31 | 16,208.12 | 793.64 | 563.06 | |
| 2016-10-01 | 15,708.30 | 295.54 | 529.88 | |
| 2016-07-02 | 15,643.58 | 217.51 | 477.29 | |
| 2016-04-02 | 15,755.41 | 98.96 | 444.17 | |
| 2015-12-31 | 16,439.28 | 79.21 | 458.99 | |
| 2015-10-03 | 17,986.32 | 627.95 | 493.29 | |
| 2015-07-04 | 19,462.67 | 646.22 | 507.71 | |
| 2015-04-04 | 20,396.14 | 668.44 | 511.93 | |
| 2014-12-31 | 21,105.14 | 677.02 | 520.81 | |
| 2014-10-04 | 20,996.14 | 671.76 | 514.71 | |
| 2014-07-05 | 20,235.21 | 574.17 | 494.78 | |
| 2014-04-05 | 19,609.72 | 512.34 | 485.11 | |
| 2013-12-31 | 19,052.05 | 486.11 | 467.90 | |
| 2013-09-28 | 18,608.57 | 452.64 | 471.36 | |
| 2013-06-29 | 18,468.84 | 415.46 | 474.63 | |
| 2013-03-30 | 18,907.45 | 442.61 | 464.01 | |
| 2012-12-31 | 19,429.27 | 502.91 | 454.90 | |
| 2012-09-29 | 19,807.68 | 503.11 | 424.09 | |
| 2012-06-30 | 20,258.61 | 574.14 | 418.23 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Nucor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Nucor used its assets more efficiently than the US Metals and Mining industry average last year based on Return on Assets.
- Nucor has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Nucor's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Nucor has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
NUE Health
How is Nucor's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Nucor's finances.
The net worth of a company is the difference between its assets and liabilities.
- Nucor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Nucor's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Nucor Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-30 | 10,502.67 | 4,641.56 | 1,600.81 |
| 2018-12-31 | 10,201.97 | 4,380.95 | 1,398.89 |
| 2018-09-29 | 10,174.42 | 4,285.59 | 1,932.16 |
| 2018-06-30 | 9,735.42 | 4,291.41 | 1,486.45 |
| 2018-03-31 | 9,322.92 | 3,816.90 | 760.25 |
| 2017-12-31 | 9,084.79 | 3,934.28 | 999.10 |
| 2017-09-30 | 8,845.81 | 4,391.86 | 1,625.94 |
| 2017-07-01 | 8,711.91 | 4,379.89 | 1,561.35 |
| 2017-04-01 | 8,468.07 | 4,388.06 | 1,707.76 |
| 2016-12-31 | 8,254.71 | 4,418.40 | 2,195.96 |
| 2016-10-01 | 8,090.52 | 4,368.14 | 2,354.71 |
| 2016-07-02 | 7,920.71 | 4,357.51 | 2,331.15 |
| 2016-04-02 | 7,778.07 | 4,374.53 | 2,328.49 |
| 2015-12-31 | 7,849.88 | 4,451.26 | 2,039.47 |
| 2015-10-03 | 8,047.34 | 4,436.80 | 1,995.43 |
| 2015-07-04 | 7,975.09 | 4,433.66 | 1,688.73 |
| 2015-04-04 | 7,905.67 | 4,426.39 | 1,265.86 |
| 2014-12-31 | 8,075.12 | 4,715.51 | 1,124.14 |
| 2014-10-04 | 8,015.70 | 4,441.70 | 1,395.95 |
| 2014-07-05 | 7,946.01 | 4,446.81 | 1,167.56 |
| 2014-04-05 | 7,860.54 | 4,432.07 | 1,252.54 |
| 2013-12-31 | 7,910.28 | 4,491.00 | 1,511.44 |
| 2013-09-28 | 7,863.27 | 4,418.40 | 1,771.39 |
| 2013-06-29 | 7,771.23 | 3,411.87 | 678.12 |
| 2013-03-30 | 7,802.24 | 3,672.58 | 932.20 |
| 2012-12-31 | 7,885.37 | 3,713.91 | 1,157.03 |
| 2012-09-29 | 7,863.57 | 4,417.87 | 2,123.46 |
| 2012-06-30 | 7,782.56 | 4,388.91 | 1,681.41 |
- Nucor's level of debt (44.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (56.4% vs 44.2% today).
- Debt is well covered by operating cash flow (62.8%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 27.4x coverage).
Financial health checks
We assess Nucor's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Nucor has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
NUE Dividends
What is Nucor's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Nucor
shares you are expected to receive
$61
in your first year as a dividend.
Dividend Amount
- Nucor's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Nucor's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| United States of America Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 31 Stocks | 2.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2005 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 1.75 | 1.00 |
| 2022-12-31 | 1.73 | 1.00 |
| 2021-12-31 | 1.62 | 8.00 |
| 2020-12-31 | 1.62 | 13.00 |
| 2019-12-31 | 1.60 | 15.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-19 | 1.600 | 2.759 |
| 2019-01-29 | 1.600 | 2.643 |
| 2018-09-06 | 1.520 | 2.573 |
| 2018-06-07 | 1.520 | 2.357 |
| 2018-02-20 | 1.520 | 2.375 |
| 2017-12-01 | 1.520 | 2.351 |
| 2017-09-14 | 1.510 | 2.670 |
| 2017-06-06 | 1.510 | 2.650 |
| 2017-02-21 | 1.510 | 2.513 |
| 2016-11-30 | 1.510 | 2.461 |
| 2016-09-15 | 1.500 | 2.950 |
| 2016-06-06 | 1.500 | 2.948 |
| 2016-02-23 | 1.500 | 3.216 |
| 2015-12-01 | 1.500 | 3.870 |
| 2015-09-02 | 1.490 | 3.628 |
| 2015-06-05 | 1.490 | 3.318 |
| 2015-02-17 | 1.490 | 3.114 |
| 2014-12-03 | 1.490 | 3.112 |
| 2014-09-10 | 1.480 | 2.780 |
| 2014-06-05 | 1.480 | 2.877 |
| 2014-02-18 | 1.480 | 2.902 |
| 2013-12-04 | 1.480 | 2.903 |
| 2013-09-04 | 1.470 | 2.912 |
| 2013-06-06 | 1.470 | 3.230 |
| 2013-02-15 | 1.470 | 3.268 |
| 2012-12-05 | 1.470 | 3.273 |
| 2012-09-11 | 1.460 | 3.661 |
| 2012-06-05 | 1.460 | 3.819 |
| 2012-02-15 | 1.460 | 3.631 |
| 2011-12-14 | 1.460 | 3.468 |
| 2011-09-07 | 1.450 | 4.015 |
| 2011-06-07 | 1.450 | 3.879 |
| 2011-02-16 | 1.450 | 3.210 |
| 2010-12-08 | 1.450 | 3.221 |
| 2010-09-08 | 1.440 | 3.699 |
| 2010-06-03 | 1.440 | 3.652 |
| 2010-02-24 | 1.440 | 3.207 |
| 2009-12-02 | 1.440 | 3.267 |
| 2009-09-03 | 1.400 | 3.187 |
| 2009-06-02 | 1.400 | 3.101 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Nucor's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (5.1x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
Income/ dividend checks
We assess Nucor's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Nucor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Nucor has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
NUE Management
CEO
| COMPENSATION | $15,559,469 |
| AGE | 65 |
| TENURE AS CEO | 6.3 years |
CEO Bio
Mr. John J. Ferriola has been the Chief Executive Officer and President at Nucor Corporation since January 1, 2013 and January 2011 respectively. Mr. Ferriola served as the Chief Operating Officer at Nucor Corporation from January 2011 to 2012, its Chief Operating Officer of Steelmaking Operations from September 2007 to 2010 and also served as its Executive Vice President from January 2002 to 2007. Mr. Ferriola served as Nucor Corporation's Vice President from 1996 to 2001. He joined Nucor Corporation in 1991. He served as General Manager of Nucor Steel, Crawfordsville, Indiana from 1998 to 2001. He served as General Manager at Nucor Steel, Norfolk, Nebraska from 1995 to 1998; General Manager of Vulcraft, Grapeland, Texas in 1995 and Manager of Maintenance and Engineering at Nucor Steel, Jewett, Texas from 1992 to 1995. He has been the Chairman at Nucor Corporation since January 1, 2014. He served as Chairman of the Board of Directors and serves as a Director of the American Iron & Steel Institute. He served as Chairman of World Steel Association from October 2016 to October 2017 and has been Vice Chairman since October 2017. He has served as Vice Chairman of the worldsteel Board of Directors. He has been a Director of American Iron & Steel Institute since May 2013. He is on the Board of Directors of the National Association of Manufacturers and has been active in the Association for Iron and Steel Technology for more than 30 years. He has been Director at Nucor Corporation since January 2011.
CEO Compensation
- John's compensation has been consistent with company performance over the past year, both up more than 20%.
- John's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Nucor management team in years:
- The average tenure for the Nucor management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
John Ferriola
Chairman
$16M
65
6.3 yrs
James Frias
CFO, Treasurer & Executive VP
$5M
61
9.3 yrs
Ladd Hall
Executive Vice President of Flat-Rolled Products
$5M
61
12.3 yrs
Joe Stratman
Chief Digital Officer & Executive VP
$5M
61
12.3 yrs
Ray Napolitan
Executive Vice President of Engineered Bar Products
$5M
60
6.3 yrs
Greg Murphy
VP & General Counsel
Donovan Marks
General Manager of Human Resources
D. Utermark
Executive Vice President of Fabricated Construction Products
49
5.3 yrs
Dave Sumoski
Executive Vice President of Merchant & Rebar Products
51
5.3 yrs
Leon Topalian
Executive Vice President of Beam & Plate Products
50
2.3 yrs
Board of Directors Tenure
Average tenure and age of the Nucor board of directors in years:
- The tenure for the Nucor board of directors is about average.
Board of Directors
John Walker
Lead Director
$312K
61
2.3 yrs
John Ferriola
Chairman
$16M
65
5.3 yrs
Chris Kearney
Independent Director
$278K
62
10.6 yrs
Laurette Koellner
Independent Director
$281K
63
3.7 yrs
Victoria Haynes
Independent Director
$272K
71
20.3 yrs
Patrick Dempsey
Independent Director
$265K
54
2.4 yrs
Lloyd Austin
Director
$265K
64
1.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30. Apr 19 | Sell | Leon Topalian | Individual | 26. Apr 19 | 26. Apr 19 | -1,253 | $56.99 | $-71,403 | ||
| 29. Apr 19 | Sell | Raymond Napolitan | Individual | 25. Apr 19 | 25. Apr 19 | -10,000 | $58.28 | $-582,800 | ||
| 05. Nov 18 | Sell | Victoria Haynes | Individual | 01. Nov 18 | 01. Nov 18 | -250 | $59.94 | $-14,984 | ||
| 25. Jul 18 | Sell | D. Utermark | Individual | 24. Jul 18 | 24. Jul 18 | -2,245 | $68.49 | $-153,760 | ||
| 25. Jul 18 | Sell | John Ferriola | Individual | 24. Jul 18 | 24. Jul 18 | -14,607 | $68.25 | $-996,928 | ||
| 25. Jun 18 | Sell | Michael Keller | Individual | 22. Jun 18 | 22. Jun 18 | -14,664 | $65.68 | $-961,405 | ||
| 25. Jun 18 | Sell | Leon Topalian | Individual | 21. Jun 18 | 21. Jun 18 | -3,115 | $64.98 | $-202,411 | ||
Management checks
We assess Nucor's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Nucor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
NUE News
Simply Wall St News
Here's How P/E Ratios Can Help Us Understand Nucor Corporation (NYSE:NUE)
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Nucor Corporation's (NYSE:NUE) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Nucor Corporation (NYSE:NUE) Worth US$56.88 Based On Its Intrinsic Value?
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Nucor Corporation (NYSE:NUE) as an investment opportunity. … by taking the foreast future cash flows of the company and discounting them back to today's value. … Remember though, that there are many ways to estimate a company's value, and a DCF is just one method.
Simply Wall St - – Full articleIt's Time To Buy Nucor Corporation (NYSE:NUE)
And I'm not talking about buying into speculative, high-risk stocks. … I'm talking about the well-proven, robust track record Nucor Corporation. … Nucor Corporation manufactures and sells steel and steel products in the United States and internationally
Simply Wall St - – Full articleIs Nucor Corporation's (NYSE:NUE) Balance Sheet Strong Enough To Weather A Storm?
the key to their continued success lies in its financial health. … I will provide an overview of Nucor’s financial liquidity and leverage to give you an idea of Nucor’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Nucor Corporation (NYSE:NUE)?
Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We also tend to see lower insider ownership in companies that were previously publicly owned. … institutions are noticeable on the share registry.
Simply Wall St - – Full articleOnly 4 Days Left Before Nucor Corporation (NYSE:NUE) Will Be Trading Ex-Dividend
Nucor Corporation (NYSE:NUE) will be distributing its dividend of US$0.40 per share on the 10 May 2019, and will start trading ex-dividend in 4 days time on the 28 March 2019. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … 5 checks you should do on a dividend stock?
Simply Wall St - – Full articleCan You Imagine How Nucor's (NYSE:NUE) Shareholders Feel About The 27% Share Price Increase?
That's what has happened with the Nucor Corporation (NYSE:NUE) share price. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Nucor achieved compound earnings per share growth of 211% per year.
Simply Wall St - – Full articleNucor Corporation (NYSE:NUE): Are Analysts Bull Or Bear?
Nucor Corporation's (NYSE:NUE) most recent earnings announcement in December 2018a … signalled … company
Simply Wall St - – Full articleAre Nucor Corporation’s (NYSE:NUE) High Returns Really That Great?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleHow Much is Nucor Corporation's (NYSE:NUE) CEO Getting Paid?
This analysis aims first to contrast CEO compensation with other large companies. … Check out our latest analysis for Nucor … How Does John Ferriola's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleNUE Company Info
Description
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in automotive, energy, agricultural, heavy equipment, and transportation sectors. The Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, steel grating and expanded metal products, and wire and wire mesh products to general contractors, fabricators, distributors, and manufacturers. This segment also engages in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); processes ferrous and nonferrous metals; brokers ferrous and nonferrous metals, pig iron, DRI, and hot briquetted iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. The company offers its products through its in-house sales forces; and internal distribution and trading companies. The company was founded in 1940 and is based in Charlotte, North Carolina.
Details
| Name: | Nucor Corporation |
| NUE | |
| Exchange: | NYSE |
| Founded: | 1940 |
| $16,117,067,075 | |
| 304,785,686 | |
| Website: | http://www.nucor.com |
| Address: |
Nucor Corporation 1915 Rexford Road, Charlotte, North Carolina, 28211, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | NUE | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | NUO | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| LSE | 0K9L | Common Stock | London Stock Exchange | GB | USD | 02. Jan 1968 | |
| BMV | NUE * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1968 |
Number of employees
Current staff
Industry
| Steel | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/23 04:14 |
| End of day share price update: | 2019/05/22 00:00 |
| Last estimates confirmation: | 2019/05/22 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/30 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
