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RYI

Ryerson HoldingNYSE:RYI Stock Report

Market Cap

US$964.2m

7D

9.1%

1Y

228.4%

Updated

22 Oct, 2021

Data

Company Financials +
RYI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends1/6

RYI Overview

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China.

Ryerson Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ryerson Holding
Historical stock prices
Current Share PriceUS$25.06
52 Week HighUS$6.61
52 Week LowUS$25.68
Beta1.65
1 Month Change15.59%
3 Month Change76.35%
1 Year Change228.44%
3 Year Change180.94%
5 Year Change151.86%
Change since IPO143.30%

Recent News & Updates

Sep 28
We Think Ryerson Holding (NYSE:RYI) Is Taking Some Risk With Its Debt

We Think Ryerson Holding (NYSE:RYI) Is Taking Some Risk With Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Sep 08
Returns On Capital At Ryerson Holding (NYSE:RYI) Have Stalled

Returns On Capital At Ryerson Holding (NYSE:RYI) Have Stalled

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...

Aug 11
New Forecasts: Here's What One Analyst Thinks The Future Holds For Ryerson Holding Corporation (NYSE:RYI)

New Forecasts: Here's What One Analyst Thinks The Future Holds For Ryerson Holding Corporation (NYSE:RYI)

Shareholders in Ryerson Holding Corporation ( NYSE:RYI ) may be thrilled to learn that the covering analyst has just...

Shareholder Returns

RYIUS Metals and MiningUS Market
7D9.1%-0.7%1.7%
1Y228.4%41.1%30.3%

Return vs Industry: RYI exceeded the US Metals and Mining industry which returned 41.9% over the past year.

Return vs Market: RYI exceeded the US Market which returned 31.1% over the past year.

Price Volatility

Is RYI's price volatile compared to industry and market?
RYI volatility
RYI Beta1.65
Industry Beta1.35
Market Beta1

Stable Share Price: RYI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: RYI's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18423,900Eddie Lehnerhttps://www.ryerson.com

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. The company offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structurals, and tubing. It also provides various processing services, such as bending, beveling, blanking, blasting, burning, cutting-to-length, drilling, embossing, flattening, forming, grinding, laser cutting, machining, notching, painting, perforating, polishing, punching, rolling, sawing, scribing, shearing, slitting, stamping, tapping, threading, welding, or other techniques to process materials.

Ryerson Holding Fundamentals Summary

How do Ryerson Holding's earnings and revenue compare to its market cap?
RYI fundamental statistics
Market CapUS$964.17m
Earnings (TTM)US$81.60m
Revenue (TTM)US$4.25b

11.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RYI income statement (TTM)
RevenueUS$4.25b
Cost of RevenueUS$3.49b
Gross ProfitUS$764.70m
ExpensesUS$683.10m
EarningsUS$81.60m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 03, 2021

Earnings per share (EPS)2.12
Gross Margin17.99%
Net Profit Margin1.92%
Debt/Equity Ratio205.7%

How did RYI perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

n/a

Payout Ratio

Valuation

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

11.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RYI ($25.06) is trading above our estimate of fair value ($11.46)

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


Price To Earnings Ratio

PE vs Industry: RYI is poor value based on its PE Ratio (11.8x) compared to the US Metals and Mining industry average (11.4x).

PE vs Market: RYI is good value based on its PE Ratio (11.8x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: RYI is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: RYI is overvalued based on its PB Ratio (3.4x) compared to the US Metals and Mining industry average (2.4x).


Future Growth

How is Ryerson Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RYI's forecast earnings growth (6.7% per year) is above the savings rate (2%).

Earnings vs Market: RYI's earnings (6.7% per year) are forecast to grow slower than the US market (15.1% per year).

High Growth Earnings: RYI's earnings are forecast to grow, but not significantly.

Revenue vs Market: RYI's revenue (2.1% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: RYI's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RYI's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Ryerson Holding performed over the past 5 years?

2.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RYI has a large one-off gain of $22.6M impacting its June 30 2021 financial results.

Growing Profit Margin: RYI's current net profit margins (1.9%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: RYI's earnings have grown by 2% per year over the past 5 years.

Accelerating Growth: RYI's earnings growth over the past year (198.9%) exceeds its 5-year average (2% per year).

Earnings vs Industry: RYI earnings growth over the past year (198.9%) exceeded the Metals and Mining industry 102.1%.


Return on Equity

High ROE: Whilst RYI's Return on Equity (28.18%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Ryerson Holding's financial position?


Financial Position Analysis

Short Term Liabilities: RYI's short term assets ($1.5B) exceed its short term liabilities ($874.4M).

Long Term Liabilities: RYI's short term assets ($1.5B) exceed its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: RYI's debt to equity ratio (205.7%) is considered high.

Reducing Debt: RYI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: RYI's debt is not well covered by operating cash flow (8.4%).

Interest Coverage: RYI's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Dividend

What is Ryerson Holding current dividend yield, its reliability and sustainability?

1.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RYI's dividend (1.28%) is higher than the bottom 25% of dividend payers in the US market (1.27%).

High Dividend: RYI's dividend (1.28%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether RYI's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if RYI's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Eddie Lehner (55 yo)

6.33yrs

Tenure

US$1,836,307

Compensation

Mr. Edward J. Lehner, also known as Eddie, has been the Chief Executive Officer and President of Ryerson Holding Corporation since June 1, 2015. Mr. Lehner serves as the Vice President and Principal Financ...


CEO Compensation Analysis

Compensation vs Market: Eddie's total compensation ($USD1.84M) is about average for companies of similar size in the US market ($USD2.26M).

Compensation vs Earnings: Eddie's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: RYI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: RYI's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RYI 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

Ryerson Holding Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Ryerson Holding Corporation
  • Ticker: RYI
  • Exchange: NYSE
  • Founded: 1842
  • Industry: Steel
  • Sector: Materials
  • Market Cap: US$964.173m
  • Shares outstanding: 38.47m
  • Website: https://www.ryerson.com

Number of Employees


Location

  • Ryerson Holding Corporation
  • 227 West Monroe Street
  • 27th Floor
  • Chicago
  • Illinois
  • 60606
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 23:06
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
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.