Market Cap
US$10.5b
Last Updated
2020/03/31 01:28 UTC
Data Sources
Company Financials +
Executive Summary
Nucor Corporation manufactures and sells steel and steel products.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -3.1% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Nucor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NUE's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.2%
NUE
1.0%
US Metals and Mining
7.2%
US Market
1 Year Return
-41.3%
NUE
-28.5%
US Metals and Mining
-10.4%
US Market
Return vs Industry: NUE underperformed the US Metals and Mining industry which returned -28.5% over the past year.
Return vs Market: NUE underperformed the US Market which returned -10.4% over the past year.
Shareholder returns
| NUE | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.2% | 1.0% | 7.2% |
| 30 Day | -15.6% | -17.6% | -12.6% |
| 90 Day | -38.0% | -32.2% | -19.4% |
| 1 Year | -39.3%-41.3% | -26.4%-28.5% | -8.5%-10.4% |
| 3 Year | -37.0%-42.3% | -24.5%-28.8% | 15.8%8.3% |
| 5 Year | -13.7%-25.7% | -3.6%-11.5% | 35.8%21.0% |
Price Volatility Vs. Market
How volatile is Nucor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Be Sure To Check Out Nucor Corporation (NYSE:NUE) Before It Goes Ex-Dividend2 weeks ago | Simply Wall St
A Sliding Share Price Has Us Looking At Nucor Corporation's (NYSE:NUE) P/E Ratio3 weeks ago | Simply Wall St
Did You Manage To Avoid Nucor's (NYSE:NUE) 35% Share Price Drop?Valuation
Is Nucor undervalued compared to its fair value and its price relative to the market?
8.43x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NUE ($34.92) is trading above our estimate of fair value ($27.42)
Significantly Below Fair Value: NUE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NUE is good value based on its PE Ratio (8.4x) compared to the Metals and Mining industry average (8.4x).
PE vs Market: NUE is good value based on its PE Ratio (8.4x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: NUE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NUE is good value based on its PB Ratio (1x) compared to the US Metals and Mining industry average (1.1x).
Next Steps
Future Growth
How is Nucor forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
-3.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NUE's earnings are forecast to decline over the next 3 years (-3.1% per year).
Earnings vs Market: NUE's earnings are forecast to decline over the next 3 years (-3.1% per year).
High Growth Earnings: NUE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NUE's revenue is expected to decline over the next 3 years (-0.03% per year).
High Growth Revenue: NUE's revenue is forecast to decline over the next 3 years (-0.03% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NUE's Return on Equity is forecast to be low in 3 years time (10.8%).
Next Steps
Past Performance
How has Nucor performed over the past 5 years?
34.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NUE has high quality earnings.
Growing Profit Margin: NUE's current net profit margins (5.6%) are lower than last year (9.4%).
Past Earnings Growth Analysis
Earnings Trend: NUE's earnings have grown significantly by 34.4% per year over the past 5 years.
Accelerating Growth: NUE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NUE had negative earnings growth (-46.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (-26.9%).
Return on Equity
High ROE: NUE's Return on Equity (12.7%) is considered low.
Next Steps
Financial Health
How is Nucor's financial position?
Financial Position Analysis
Short Term Liabilities: NUE's short term assets ($8.2B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: NUE's short term assets ($8.2B) exceed its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: NUE's debt to equity ratio (40.9%) is considered high.
Reducing Debt: NUE's debt to equity ratio has reduced from 58.1% to 40.9% over the past 5 years.
Debt Coverage: NUE's debt is well covered by operating cash flow (63.6%).
Interest Coverage: NUE's interest payments on its debt are well covered by EBIT (15.9x coverage).
Balance Sheet
Inventory Level: NUE has a high level of physical assets or inventory.
Debt Coverage by Assets: NUE's debt is covered by short term assets (assets are 1.9x debt).
Next Steps
Dividend
What is Nucor's current dividend yield, its reliability and sustainability?
4.61%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NUE's dividend (4.61%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: NUE's dividend (4.61%) is low compared to the top 25% of dividend payers in the US market (5.4%).
Stability and Growth of Payments
Stable Dividend: NUE's dividends per share have been stable in the past 10 years.
Growing Dividend: NUE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.7%), NUE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NUE's dividends in 3 years are forecast to be well covered by earnings (42.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Leon Topalian (51yo)
0.17
Tenure
Mr. Leon J. Topalian has been President of Nucor Corporation since September 5, 2019 and has been its Chief Executive Officer and Director since January 1, 2020. Mr. Topalian served as Chief Operating Offi ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO, Treasurer & Executive VP | 10.17yrs | US$5.43m | 0.10% $10.5m | |
| Executive Vice President of Flat-Rolled Products | 13.17yrs | US$4.86m | 0.099% $10.4m | |
| Executive Vice President of Engineered Bar Products & Digital | 7.17yrs | US$4.57m | 0.0077% $806.5k | |
| President | 0.17yr | no data | 0.0037% $388.0k | |
| Director of Investor Relations | no data | no data | no data | |
| VP & General Counsel | no data | no data | no data | |
| General Manager of Human Resources | no data | no data | no data | |
| Executive Vice President of Fabricated Construction Products | 6.17yrs | no data | 0.021% $2.2m | |
| Executive Vice President of Merchant & Rebar Products | 6.17yrs | no data | 0.020% $2.1m | |
| Executive Vice President of Raw Materials | 1.83yrs | no data | 0.026% $2.7m |
6.2yrs
Average Tenure
54yo
Average Age
Experienced Management: NUE's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.17yr | no data | 0.0037% $388.0k | |
| Independent Director | 11.42yrs | US$277.76k | 0.0020% $209.3k | |
| Independent Director | no data | no data | no data | |
| Independent Director | 4.42yrs | US$280.96k | no data | |
| Independent Director | 3.25yrs | US$264.96k | no data | |
| Non-Executive Independent Chairman of the Board | 0.17yr | US$311.96k | 0.00088% $92.5k | |
| Independent Director | 2.42yrs | US$264.96k | no data | |
| Independent Director | 0.42yr | no data | no data |
2.4yrs
Average Tenure
62.5yo
Average Age
Experienced Board: NUE's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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
Nucor Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nucor Corporation
- Ticker: NUE
- Exchange: NYSE
- Founded: 1958
- Industry: Steel
- Sector: Materials
- Market Cap: US$10.516b
- Shares outstanding: 301.13m
- Website: https://www.nucor.com
Number of Employees
Location
- Nucor Corporation
- 1915 Rexford Road
- Charlotte
- North Carolina
- 28211
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NUE | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| NUO | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| NUE * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1968 |
| 0K9L | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| NUE | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH 2 REPR 1 ORD USD0.40 | AR | ARS | Feb 2003 | |
| N1UE34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REPR 1 SHS UNSPON | BR | BRL | Jan 2020 |
Biography
Nucor Corporation manufactures and sells steel and steel products. 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 the United States, Canada, and Mexico. 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 primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); 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 incorporated in 1958 and is based in Charlotte, North Carolina.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 01:28 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.