NYSE:WOR

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Worthington Industries

Executive Summary

Worthington Industries, Inc., a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, and Portugal. More Details


Snowflake Analysis

Excellent balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Worthington Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WOR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: WOR's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

1.2%

WOR

-5.3%

US Metals and Mining

-3.6%

US Market


1 Year Return

100.9%

WOR

70.9%

US Metals and Mining

36.5%

US Market

Return vs Industry: WOR exceeded the US Metals and Mining industry which returned 70.9% over the past year.

Return vs Market: WOR exceeded the US Market which returned 36.4% over the past year.


Shareholder returns

WORIndustryMarket
7 Day1.2%-5.3%-3.6%
30 Day22.1%7.9%2.7%
90 Day23.5%15.5%7.5%
1 Year106.7%100.9%75.1%70.9%39.5%36.5%
3 Year54.4%43.5%28.0%19.3%53.5%43.6%
5 Year118.2%95.5%136.1%114.5%117.5%93.2%

Long-Term Price Volatility Vs. Market

How volatile is Worthington Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

6.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WOR ($63.89) is trading above our estimate of fair value ($53.94)

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


Price To Earnings Ratio

PE vs Industry: WOR is good value based on its PE Ratio (6x) compared to the US Metals and Mining industry average (17.6x).

PE vs Market: WOR is good value based on its PE Ratio (6x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: WOR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: WOR is overvalued based on its PB Ratio (2.6x) compared to the US Metals and Mining industry average (2.2x).


Next Steps

Future Growth

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

-48.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WOR's earnings are forecast to decline over the next 3 years (-48.6% per year).

Earnings vs Market: WOR's earnings are forecast to decline over the next 3 years (-48.6% per year).

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

Revenue vs Market: WOR's revenue is expected to decline over the next 3 years (-0.07% per year).

High Growth Revenue: WOR's revenue is forecast to decline over the next 3 years (-0.07% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WOR's Return on Equity is forecast to be low in 3 years time (11.5%).


Next Steps

Past Performance

How has Worthington Industries performed over the past 5 years?

20.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WOR has a large one-off gain of $529.4M impacting its November 30 2020 financial results.

Growing Profit Margin: WOR's current net profit margins (20.4%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: WOR's earnings have grown significantly by 20.5% per year over the past 5 years.

Accelerating Growth: WOR's earnings growth over the past year (414%) exceeds its 5-year average (20.5% per year).

Earnings vs Industry: WOR earnings growth over the past year (414%) exceeded the Metals and Mining industry -2.3%.


Return on Equity

High ROE: WOR's Return on Equity (40.6%) is considered outstanding.


Next Steps

Financial Health

How is Worthington Industries's financial position?


Financial Position Analysis

Short Term Liabilities: WOR's short term assets ($1.7B) exceed its short term liabilities ($557.2M).

Long Term Liabilities: WOR's short term assets ($1.7B) exceed its long term liabilities ($1.0B).


Debt to Equity History and Analysis

Debt Level: WOR's debt to equity ratio (49.5%) is considered high.

Reducing Debt: WOR's debt to equity ratio has reduced from 78.3% to 49.5% over the past 5 years.

Debt Coverage: WOR's debt is well covered by operating cash flow (55.5%).

Interest Coverage: WOR's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Worthington Industries's current dividend yield, its reliability and sustainability?

1.57%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: WOR's dividend (1.57%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: WOR's dividend (1.57%) is low compared to the top 25% of dividend payers in the US market (3.77%).


Stability and Growth of Payments

Stable Dividend: WOR's dividends per share have been stable in the past 10 years.

Growing Dividend: WOR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.2%), WOR's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WOR's dividends in 3 years are forecast to be well covered by earnings (28.7% payout ratio).


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Andy Rose (50 yo)

0.42

Tenure

US$2,134,433

Compensation

Mr. B. Andrew Rose, also known as Andy, has been the President of Worthington Industries, Inc. since August 22, 2018 and as its Chief Executive Officer since September 1, 2020. He joined Worthington in 200...


CEO Compensation Analysis

Compensation vs Market: Andy's total compensation ($USD2.13M) is below average for companies of similar size in the US market ($USD4.98M).

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


Leadership Team

NamePositionTenureCompensationOwnership
John McConnell
Executive Chairman24.42yrsUS$3.22m31.91%
$ 1.1b
B. Rose
President & CEO0.42yrUS$2.13m1.22%
$ 40.6m
Joseph Hayek
VP & CFO2.25yrsUS$3.61m0.25%
$ 8.2m
Geoffrey Gilmore
Executive VP & COO2.5yrsUS$1.86m0.34%
$ 11.5m
Matthew Schlabig
Chief Information Officer5.75yrsno datano data
Patrick Kennedy
VP of Administrationno datano data0.0092%
$ 305.5k
Marcus Rogier
Investor Relations Officer & Treasurer2.42yrsno datano data
Sonya Higginbotham
Vice President of Corporate Communications & Brand Management2.42yrsno datano data
Catherine Lyttle
Senior VP & Chief Human Resources Officer2.42yrsno data0.067%
$ 2.2m
Dale Brinkman
Senior Legal Advisor0.083yrUS$1.19m0.058%
$ 1.9m
Richard Welch
Corporate Controller20.92yrsUS$284.05k0.046%
$ 1.5m
Eric Smolenski
President of Worthington Cylinder Corporation1.75yrsno data0.17%
$ 5.6m

2.4yrs

Average Tenure

55.5yo

Average Age

Experienced Management: WOR's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John McConnell
Executive Chairman24.42yrsUS$3.22m31.91%
$ 1.1b
John Blystone
Lead Independent Director14.08yrsUS$206.40k0.38%
$ 12.8m
Kerrii Anderson
Independent Director10.42yrsUS$223.27k0.14%
$ 4.5m
Michael Endres
Independent Director22.08yrsUS$223.27k0.38%
$ 12.6m
Peter Karmanos
Independent Director24.08yrsUS$233.27k0.14%
$ 4.8m
Mary Schiavo
Independent Director23.08yrsUS$223.27k0.14%
$ 4.7m
Sidney Ribeau
Independent Director21.08yrsUS$223.27k0.11%
$ 3.6m
Mark Davis
Independent Director9.92yrsUS$223.27k0.083%
$ 2.8m
Carl Nelson
Independent Director16.25yrsUS$233.27k0.16%
$ 5.4m
David Blom
Director1.67yrsUS$223.27k0.014%
$ 453.6k
Ozey Horton
Independent Director9.67yrsUS$223.27k0.074%
$ 2.5m

16.3yrs

Average Tenure

66yo

Average Age

Experienced Board: WOR's board of directors are seasoned and experienced ( 16.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: WOR 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

Worthington Industries, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Worthington Industries, Inc.
  • Ticker: WOR
  • Exchange: NYSE
  • Founded: 1955
  • Industry: Steel
  • Sector: Materials
  • Market Cap: US$3.335b
  • Shares outstanding: 52.20m
  • Website: https://www.worthingtonindustries.com

Number of Employees


Location

  • Worthington Industries, Inc.
  • 200 Old Wilson Bridge Road
  • Columbus
  • Ohio
  • 43085
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WORNYSE (New York Stock Exchange)YesCommon SharesUSUSDDec 1972
WTHDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 1972

Biography

Worthington Industries, Inc., a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, and Portugal. It...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/01 00:03
End of Day Share Price2021/02/26 00:00
Earnings2020/11/30
Annual Earnings2020/05/31


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.