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NUE

NucorNYSE:NUE Stock Report

Last Price

US$93.05

Market Cap

US$25.3b

7D

-16.0%

1Y

69.9%

Updated

21 Jan, 2022

Data

Company Financials +
NUE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends5/6

NUE Stock Overview

Nucor Corporation manufactures and sells steel and steel products.

Nucor Competitors

Reliance Steel & Aluminum

NYSE:RS

US$9.5b

Grupo Simec. de

NYSEAM:SIM

US$4.0b

Worthington Industries

NYSE:WOR

US$2.6b

Allegheny Technologies

NYSE:ATI

US$2.5b

Price History & Performance

Summary of all time highs, changes and price drops for Nucor
Historical stock prices
Current Share PriceUS$93.05
52 Week HighUS$128.81
52 Week LowUS$47.94
Beta1.45
1 Month Change-18.12%
3 Month Change-9.07%
1 Year Change69.86%
3 Year Change60.16%
5 Year Change52.52%
Change since IPO2,330.69%

Recent News & Updates

Jan 20
Nucor (NYSE:NUE) Could Become A Multi-Bagger

Nucor (NYSE:NUE) Could Become A Multi-Bagger

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Jan 03

Nucor Stock: Ready To Breakout

NUE has been consolidating for several months. Earnings remain very strong. And the valuation is reasonable even on 2023 earnings.

Dec 21

Nucor: Infrastructure Bill Rejection And Weak Economic Growth May End Steel's Rally

On Monday, Nucor and other steel producers crashed after Biden's infrastructure bill became unlikely to pass. Steel prices have declined since September as China's consumption outlook crashed due to property developer woes. The outlook for U.S. steel demand has weakened due to prolonged declines in automobile production and a potential peak in construction spending. Nucor is still my favorite due to its more stable long-run growth strategy and generally attractive valuation compared to peers. Investors may want to temporarily reduce exposure to Nucor and its peers as the steel market may return to glut dynamics due to declines in the demand outlook.

Shareholder Returns

NUEUS Metals and MiningUS Market
7D-16.0%-6.8%-6.1%
1Y69.9%12.8%4.2%

Return vs Industry: NUE exceeded the US Metals and Mining industry which returned 18.4% over the past year.

Return vs Market: NUE exceeded the US Market which returned 6.6% over the past year.

Price Volatility

Is NUE's price volatile compared to industry and market?
NUE volatility
NUE Average Weekly Movement6.7%
Metals and Mining Industry Average Movement9.2%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

Stable Share Price: NUE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: NUE's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195826,400Leon Topalianhttps://www.nucor.com

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-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.

Nucor Fundamentals Summary

How do Nucor's earnings and revenue compare to its market cap?
NUE fundamental statistics
Market CapUS$25.34b
Earnings (TTM)US$4.95b
Revenue (TTM)US$31.38b

5.1x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NUE income statement (TTM)
RevenueUS$31.38b
Cost of RevenueUS$23.14b
Gross ProfitUS$8.24b
ExpensesUS$3.29b
EarningsUS$4.95b

Last Reported Earnings

Oct 02, 2021

Next Earnings Date

Jan 27, 2022

Earnings per share (EPS)18.18
Gross Margin26.26%
Net Profit Margin15.78%
Debt/Equity Ratio37.3%

How did NUE perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

10%

Payout Ratio

Valuation

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

5.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NUE ($93.05) is trading above our estimate of fair value ($86.71)

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 (5.1x) compared to the US Metals and Mining industry average (8.6x).

PE vs Market: NUE is good value based on its PE Ratio (5.1x) compared to the US market (16.7x).


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 (1.9x) compared to the US Metals and Mining industry average (2.1x).


Future Growth

How is Nucor forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-49.8%

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 (-49.8% per year).

Earnings vs Market: NUE's earnings are forecast to decline over the next 3 years (-49.8% 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 (-9.3% per year).

High Growth Revenue: NUE's revenue is forecast to decline over the next 3 years (-9.3% 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 (14.4%).


Past Performance

How has Nucor performed over the past 5 years?

18.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NUE has high quality earnings.

Growing Profit Margin: NUE's current net profit margins (15.8%) are higher than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: NUE's earnings have grown by 18.5% per year over the past 5 years.

Accelerating Growth: NUE's earnings growth over the past year (1055.8%) exceeds its 5-year average (18.5% per year).

Earnings vs Industry: NUE earnings growth over the past year (1055.8%) exceeded the Metals and Mining industry 125.5%.


Return on Equity

High ROE: NUE's Return on Equity (37.3%) is considered high.


Financial Health

How is Nucor's financial position?


Financial Position Analysis

Short Term Liabilities: NUE's short term assets ($12.1B) exceed its short term liabilities ($4.8B).

Long Term Liabilities: NUE's short term assets ($12.1B) exceed its long term liabilities ($6.2B).


Debt to Equity History and Analysis

Debt Level: NUE's net debt to equity ratio (22.9%) is considered satisfactory.

Reducing Debt: NUE's debt to equity ratio has reduced from 53.5% to 37.3% over the past 5 years.

Debt Coverage: NUE's debt is well covered by operating cash flow (79.1%).

Interest Coverage: NUE's interest payments on its debt are well covered by EBIT (43.8x coverage).


Balance Sheet


Dividend

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

2.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NUE's dividend (2.15%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: NUE's dividend (2.15%) is low compared to the top 25% of dividend payers in the US market (3.55%).


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 low payout ratio (9.8%), NUE's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NUE's dividends in 3 years are forecast to be well covered by earnings (43.6% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Leon Topalian (53 yo)

2.33yrs

Tenure

US$11,265,538

Compensation

Mr. Leon J. Topalian has been Chairman of the Board of Directors at American Iron & Steel Institute since May 2021. Mr. Topalian has been President of Nucor Corporation since September 5, 2019 and has been...


CEO Compensation Analysis

Compensation vs Market: Leon's total compensation ($USD11.27M) is about average for companies of similar size in the US market ($USD11.42M).

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


Leadership Team

Experienced Management: NUE's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: NUE's board of directors are considered experienced (3.7 years average tenure).


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 employee growth, exchange listings and data sources


Key Information

  • Name: Nucor Corporation
  • Ticker: NUE
  • Exchange: NYSE
  • Founded: 1958
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: US$25.337b
  • Shares outstanding: 272.30m
  • Website: https://www.nucor.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:35
End of Day Share Price2022/01/21 00:00
Earnings2021/10/02
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.