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Market Cap

US$24.2b

Last Updated

2021/04/17 23:10 UTC

Data Sources

Company Financials +

Executive Summary

Nucor Corporation manufactures and sells steel and steel products. More Details


Snowflake Analysis

Established dividend payer with excellent balance sheet.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NUE's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.0%

NUE

5.5%

US Metals and Mining

1.3%

US Market


1 Year Return

113.0%

NUE

97.8%

US Metals and Mining

53.9%

US Market

Return vs Industry: NUE exceeded the US Metals and Mining industry which returned 97.8% over the past year.

Return vs Market: NUE exceeded the US Market which returned 53.9% over the past year.


Shareholder returns

NUEIndustryMarket
7 Day-1.0%5.5%1.3%
30 Day12.9%5.2%5.3%
90 Day43.3%15.3%8.9%
1 Year119.8%113.0%102.3%97.8%56.6%53.9%
3 Year37.2%25.1%41.4%31.8%64.4%53.6%
5 Year85.8%60.4%128.6%107.6%120.4%95.7%

Long-Term 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

Valuation

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

33.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NUE ($79.5) is trading above our estimate of fair value ($73.46)

Significantly Below Fair Value: NUE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NUE is poor value based on its PE Ratio (33.6x) compared to the US Metals and Mining industry average (16.6x).

PE vs Market: NUE is poor value based on its PE Ratio (33.6x) compared to the US market (22.5x).


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's PB Ratio (2.2x) is in line with the US Metals and Mining industry average.


Future Growth

How is Nucor forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-5.0%

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 (-5% per year).

Earnings vs Market: NUE's earnings are forecast to decline over the next 3 years (-5% per year).

High Growth Earnings: NUE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NUE's revenue (3% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: NUE's revenue (3% per year) is forecast to grow slower than 20% 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 (9.9%).


Past Performance

How has Nucor performed over the past 5 years?

15.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NUE has a large one-off loss of $604.8M impacting its December 31 2020 financial results.

Growing Profit Margin: NUE's current net profit margins (3.6%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: NUE's earnings have grown by 15% 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 (-43%) over the past year, making it difficult to compare to the Metals and Mining industry average (-5%).


Return on Equity

High ROE: NUE's Return on Equity (7.4%) is considered low.


Financial Health

How is Nucor's financial position?


Financial Position Analysis

Short Term Liabilities: NUE's short term assets ($9.5B) exceed its short term liabilities ($2.6B).

Long Term Liabilities: NUE's short term assets ($9.5B) exceed its long term liabilities ($6.3B).


Debt to Equity History and Analysis

Debt Level: NUE's debt to equity ratio (48.6%) is considered high.

Reducing Debt: NUE's debt to equity ratio has reduced from 56.3% to 48.6% over the past 5 years.

Debt Coverage: NUE's debt is well covered by operating cash flow (49.4%).

Interest Coverage: NUE's interest payments on its debt are well covered by EBIT (10.5x coverage).


Balance Sheet


Dividend

What is Nucor current dividend yield, its reliability and sustainability?

2.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NUE's dividend (2.04%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: NUE's dividend (2.04%) is low compared to the top 25% of dividend payers in the US market (3.46%).


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 reasonable payout ratio (68.2%), NUE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NUE's dividends in 3 years are forecast to be well covered by earnings (34.3% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Leon Topalian (52 yo)

1.25yrs

Tenure

US$11,265,538

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Leon's total compensation ($USD11.27M) is about average for companies of similar size in the US market ($USD11.15M).

Compensation vs Earnings: Leon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: NUE's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: NUE's board of directors are not considered experienced ( 1.6 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: NUE 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

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$24.248b
  • Shares outstanding: 298.69m
  • Website: https://www.nucor.com

Number of Employees


Location

  • Nucor Corporation
  • 1915 Rexford Road
  • Charlotte
  • North Carolina
  • 28211
  • United States

Listings


Biography

Nucor Corporation manufactures and sells steel and steel products. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-roll...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 23:10
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.