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Nucor

NYSE:NUE
Snowflake Description

Outstanding track record with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NUE
NYSE
$16B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

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.


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NUE Share Price and Events
7 Day Returns
-3.8%
NYSE:NUE
-0.9%
US Metals and Mining
0.2%
US Market
1 Year Returns
-18.2%
NYSE:NUE
-28.1%
US Metals and Mining
2.9%
US Market
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.
Price Volatility
NUE
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nucor.

NYSE:NUE Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:NUE
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.

NYSE:NUE DCF 1st Stage: Next 10 year cash flow forecast
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
NYSE:NUE DCF 2nd Stage: Terminal Value
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
NYSE:NUE Total Equity Value
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
NYSE:NUE Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:NUE PE (Price to Earnings) Ratio Data Sources
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.

NYSE:NUE PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NYSE:NUE PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

NYSE:NUE PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
NYSE:NUE PB (Price to Book) Ratio Data Sources
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
NYSE:NUE PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Nucor's value by looking at:
  1. 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. )
  2. 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)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
-13.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nucor expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:NUE Future Growth Rates Data Sources
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
Raw Data
NYSE:NUE Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:NUE Future Estimates Data
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
NYSE:NUE Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Nucor's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Nucor's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:NUE 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.

NYSE:NUE Future Estimates Data
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
NYSE:NUE Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nucor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nucor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Nucor's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Nucor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nucor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NUE Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Nucor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Nucor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Nucor Company Filings, last reported 1 month ago.

NYSE:NUE Past Debt and Equity Data
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).
X
Financial health checks
We assess Nucor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nucor has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
3.03%
Current annual income from Nucor dividends. Estimated to be 3.06% next year.
If you bought $2,000 of Nucor shares you are expected to receive $61 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NYSE:NUE Annualized Past and Future Dividends
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.

NYSE:NUE Future Dividends Estimate Data
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
NYSE:NUE Past Annualized Dividends Data
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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Nucor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Nucor's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Ferriola
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:

6.3
Average Tenure
60.5
Average Age
  • 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

TITLE
Chairman
COMPENSATION
$16M
AGE
65
TENURE
6.3 yrs

James Frias

TITLE
CFO, Treasurer & Executive VP
COMPENSATION
$5M
AGE
61
TENURE
9.3 yrs

Ladd Hall

TITLE
Executive Vice President of Flat-Rolled Products
COMPENSATION
$5M
AGE
61
TENURE
12.3 yrs

Joe Stratman

TITLE
Chief Digital Officer & Executive VP
COMPENSATION
$5M
AGE
61
TENURE
12.3 yrs

Ray Napolitan

TITLE
Executive Vice President of Engineered Bar Products
COMPENSATION
$5M
AGE
60
TENURE
6.3 yrs

Greg Murphy

TITLE
VP & General Counsel

Donovan Marks

TITLE
General Manager of Human Resources

D. Utermark

TITLE
Executive Vice President of Fabricated Construction Products
AGE
49
TENURE
5.3 yrs

Dave Sumoski

TITLE
Executive Vice President of Merchant & Rebar Products
AGE
51
TENURE
5.3 yrs

Leon Topalian

TITLE
Executive Vice President of Beam & Plate Products
AGE
50
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Nucor board of directors in years:

3.7
Average Tenure
63
Average Age
  • The tenure for the Nucor board of directors is about average.
Board of Directors

John Walker

TITLE
Lead Director
COMPENSATION
$312K
AGE
61
TENURE
2.3 yrs

John Ferriola

TITLE
Chairman
COMPENSATION
$16M
AGE
65
TENURE
5.3 yrs

Chris Kearney

TITLE
Independent Director
COMPENSATION
$278K
AGE
62
TENURE
10.6 yrs

Laurette Koellner

TITLE
Independent Director
COMPENSATION
$281K
AGE
63
TENURE
3.7 yrs

Victoria Haynes

TITLE
Independent Director
COMPENSATION
$272K
AGE
71
TENURE
20.3 yrs

Patrick Dempsey

TITLE
Independent Director
COMPENSATION
$265K
AGE
54
TENURE
2.4 yrs

Lloyd Austin

TITLE
Director
COMPENSATION
$265K
AGE
64
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • Nucor insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess Nucor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Is 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 -

It'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 -

Is 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 -

What 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 -

Only 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 -

Can 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 -

Nucor 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 -

Are 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 -

How 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 -

NUE 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
Staff numbers
26,300
Nucor employees.
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.