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WOR

Worthington IndustriesNYSE:WOR Stock Report

Last Price

US$57.24

Market Cap

US$2.9b

7D

-1.0%

1Y

3.2%

Updated

19 Jan, 2022

Data

Company Financials +
WOR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends5/6

WOR Stock Overview

Worthington Industries, Inc., an industrial manufacturing company, focuses on value-added steel processing and manufactured metal products in North America and internationally.

Worthington Industries Competitors

Nucor

NYSE:NUE

US$28.4b

Steel Dynamics

NasdaqGS:STLD

US$11.7b

Reliance Steel & Aluminum

NYSE:RS

US$10.3b

Cleveland-Cliffs

NYSE:CLF

US$9.8b

Price History & Performance

Summary of all time highs, changes and price drops for Worthington Industries
Historical stock prices
Current Share PriceUS$57.24
52 Week HighUS$75.45
52 Week LowUS$47.79
Beta1.11
1 Month Change16.44%
3 Month Change7.05%
1 Year Change3.15%
3 Year Change56.18%
5 Year Change19.00%
Change since IPO463.02%

Recent News & Updates

Jan 04
Worthington Industries (NYSE:WOR) Seems To Use Debt Quite Sensibly

Worthington Industries (NYSE:WOR) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Dec 22
New Forecasts: Here's What Analysts Think The Future Holds For Worthington Industries, Inc. (NYSE:WOR)

New Forecasts: Here's What Analysts Think The Future Holds For Worthington Industries, Inc. (NYSE:WOR)

Celebrations may be in order for Worthington Industries, Inc. ( NYSE:WOR ) shareholders, with the analysts delivering a...

Shareholder Returns

WORUS Metals and MiningUS Market
7D-1.0%-2.3%-4.6%
1Y3.2%18.7%7.7%

Return vs Industry: WOR underperformed the US Metals and Mining industry which returned 18.2% over the past year.

Return vs Market: WOR underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is WOR's price volatile compared to industry and market?
WOR volatility
WOR Average Weekly Movement4.4%
Metals and Mining Industry Average Movement8.6%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: WOR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: WOR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19559,000Andy Rosehttps://www.worthingtonindustries.com

Worthington Industries, Inc., an industrial manufacturing company, focuses on value-added steel processing and manufactured metal products in North America and internationally. It operates through Steel Processing, Consumer Products, Building Products, and Sustainable Energy Solutions segments. The Steel Processing segment processes flat-rolled steel for customers primarily in the automotive, aerospace, agricultural, appliance, construction, container, hardware, heavy-truck, HVAC, lawn and garden, leisure and recreation, office furniture, and office equipment markets.

Worthington Industries Fundamentals Summary

How do Worthington Industries's earnings and revenue compare to its market cap?
WOR fundamental statistics
Market CapUS$2.92b
Earnings (TTM)US$423.96m
Revenue (TTM)US$4.08b

6.9x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WOR income statement (TTM)
RevenueUS$4.08b
Cost of RevenueUS$3.29b
Gross ProfitUS$794.21m
ExpensesUS$370.26m
EarningsUS$423.96m

Last Reported Earnings

Nov 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)8.32
Gross Margin19.46%
Net Profit Margin10.39%
Debt/Equity Ratio43.0%

How did WOR perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

13%

Payout Ratio

Does WOR pay a reliable dividends?

See WOR dividend history and benchmarks
When do you need to buy WOR by to receive an upcoming dividend?
Worthington Industries dividend dates
Ex Dividend DateMar 14 2022
Dividend Pay DateMar 29 2022
Days until Ex dividend53 days
Days until Dividend pay date68 days

Does WOR pay a reliable dividends?

See WOR dividend history and benchmarks

Valuation

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

6.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WOR ($57.24) is trading above our estimate of fair value ($50.54)

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 (6.9x) compared to the US Metals and Mining industry average (8.8x).

PE vs Market: WOR is good value based on its PE Ratio (6.9x) compared to the US market (17x).


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 good value based on its PB Ratio (2x) compared to the US Metals and Mining industry average (2.2x).


Future Growth

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

-18.2%

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 (-18.2% per year).

Earnings vs Market: WOR's earnings are forecast to decline over the next 3 years (-18.2% 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 (-16.4% per year).

High Growth Revenue: WOR's revenue is forecast to decline over the next 3 years (-16.4% 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 (14.5%).


Past Performance

How has Worthington Industries performed over the past 5 years?

25.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WOR has a high level of non-cash earnings.

Growing Profit Margin: WOR's current net profit margins (10.4%) are lower than last year (20.4%).


Past Earnings Growth Analysis

Earnings Trend: WOR's earnings have grown significantly by 25.7% per year over the past 5 years.

Accelerating Growth: WOR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WOR had negative earnings growth (-26.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (125.5%).


Return on Equity

High ROE: WOR's Return on Equity (27.3%) is considered high.


Financial Health

How is Worthington Industries's financial position?


Financial Position Analysis

Short Term Liabilities: WOR's short term assets ($1.9B) exceed its short term liabilities ($820.2M).

Long Term Liabilities: WOR's short term assets ($1.9B) exceed its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: WOR's net debt to equity ratio (29.2%) is considered satisfactory.

Reducing Debt: WOR's debt to equity ratio has reduced from 57.1% to 43% over the past 5 years.

Debt Coverage: WOR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: WOR's interest payments on its debt are well covered by EBIT (13.7x coverage).


Balance Sheet


Dividend

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

1.96%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 20 2022Ex Dividend DateMar 14 2022Dividend Pay DateMar 29 202215 days from Ex DividendBuy in the next 53 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: WOR's dividend (1.96%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: WOR's dividend (1.96%) is low compared to the top 25% of dividend payers in the US market (3.48%).


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 (13.2%), 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 (24.5% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Andy Rose (51 yo)

3.42yrs

Tenure

US$5,621,973

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 ($USD5.62M) is about average for companies of similar size in the US market ($USD5.14M).

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


Leadership Team

Experienced Management: WOR's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: WOR's board of directors are seasoned and experienced ( 22 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 employee growth, exchange listings and data sources


Key Information

  • Name: Worthington Industries, Inc.
  • Ticker: WOR
  • Exchange: NYSE
  • Founded: 1955
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: US$2.915b
  • Shares outstanding: 50.93m
  • Website: https://www.worthingtonindustries.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:34
End of Day Share Price2022/01/19 00:00
Earnings2021/11/30
Annual Earnings2021/05/31


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.