Worthington Industries
Market Cap
US$2.8b
Last Updated
2020/10/23 23:59 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 48.7% per year for the next 3 years
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.2%
WOR
0.3%
US Metals and Mining
-0.8%
US Market
1 Year Return
40.9%
WOR
24.0%
US Metals and Mining
18.0%
US Market
Return vs Industry: WOR exceeded the US Metals and Mining industry which returned 24.5% over the past year.
Return vs Market: WOR exceeded the US Market which returned 17.8% over the past year.
Shareholder returns
| WOR | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | 0.3% | -0.8% |
| 30 Day | 33.7% | 7.0% | 6.8% |
| 90 Day | 35.4% | 8.5% | 8.9% |
| 1 Year | 45.1%40.9% | 26.8%24.0% | 20.7%18.0% |
| 3 Year | 17.7%9.4% | 15.9%8.2% | 41.5%32.1% |
| 5 Year | 84.9%65.4% | 100.8%82.7% | 84.6%63.8% |
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
2 days ago | Simply Wall St
What Percentage Of Worthington Industries, Inc. (NYSE:WOR) Shares Do Insiders Own?2 weeks ago | Simply Wall St
Should Worthington Industries (NYSE:WOR) Be Disappointed With Their 49% Profit?1 month ago | Simply Wall St
Here's Why Worthington Industries (NYSE:WOR) Has A Meaningful Debt BurdenValuation
Is Worthington Industries undervalued compared to its fair value and its price relative to the market?
2.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WOR ($50.8) is trading below our estimate of fair value ($52.28)
Significantly Below Fair Value: WOR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: WOR is good value based on its PE Ratio (4x) compared to the US Metals and Mining industry average (19x).
PE vs Market: WOR is good value based on its PE Ratio (4x) compared to the US market (18.9x).
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 (2x) compared to the US Metals and Mining industry average (1.6x).
Next Steps
Future Growth
How is Worthington Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-48.7%
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 (-48.7% per year).
Earnings vs Market: WOR's earnings are forecast to decline over the next 3 years (-48.7% per year).
High Growth Earnings: WOR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WOR's revenue (7% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: WOR's revenue (7% per year) is forecast to grow slower than 20% 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 (11.4%).
Next Steps
Past Performance
How has Worthington Industries performed over the past 5 years?
15.4%
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 (24.1%) are higher than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: WOR's earnings have grown by 15.4% per year over the past 5 years.
Accelerating Growth: WOR's earnings growth over the past year (645.5%) exceeds its 5-year average (15.4% per year).
Earnings vs Industry: WOR earnings growth over the past year (645.5%) exceeded the Metals and Mining industry -39.6%.
Return on Equity
High ROE: WOR's Return on Equity (46.1%) 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 ($1.8B) exceed its short term liabilities ($542.2M).
Long Term Liabilities: WOR's short term assets ($1.8B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: WOR's debt to equity ratio (46.2%) is considered high.
Reducing Debt: WOR's debt to equity ratio has reduced from 72.1% to 46.2% over the past 5 years.
Debt Coverage: WOR's debt is well covered by operating cash flow (55.1%).
Interest Coverage: WOR's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
Next Steps
Dividend
What is Worthington Industries's current dividend yield, its reliability and sustainability?
1.97%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: WOR's dividend (1.97%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: WOR's dividend (1.97%) is low compared to the top 25% of dividend payers in the US market (4.67%).
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 (7.6%), 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 (29.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Andy Rose (50 yo)
0.083
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 ($USD5.63M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 24.08yrs | US$3.22m | 8.53% $ 235.7m | |
| President & CEO | 0.083yr | US$2.13m | 1.13% $ 31.1m | |
| VP & CFO | 1.92yrs | US$3.61m | 0.24% $ 6.5m | |
| Executive VP & COO | 2.17yrs | US$1.86m | 0.37% $ 10.2m | |
| Senior Vice President of Manufacturing | 19.75yrs | US$1.10m | 0.26% $ 7.2m | |
| Chief Information Officer | 5.42yrs | no data | no data | |
| Senior VP of Administration | 21.83yrs | US$1.19m | 0.082% $ 2.3m | |
| Investor Relations Officer & Treasurer | 2.08yrs | no data | no data | |
| Vice President of Corporate Communications & Brand Management | 2.08yrs | no data | no data | |
| Senior VP & Chief Human Resources Officer | 2.08yrs | no data | 0.065% $ 1.8m | |
| Corporate Controller | 20.58yrs | US$284.05k | 0.051% $ 1.4m | |
| President of Worthington Cylinder Corporation | 1.42yrs | no data | 0.16% $ 4.4m |
2.1yrs
Average Tenure
61yo
Average Age
Experienced Management: WOR's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 24.08yrs | US$3.22m | 8.53% $ 235.7m | |
| Lead Independent Director | 13.75yrs | US$206.40k | 0.37% $ 10.2m | |
| Independent Director | 10.08yrs | US$223.27k | 0.13% $ 3.6m | |
| Independent Director | 21.75yrs | US$223.27k | 0.36% $ 10.0m | |
| Independent Director | 23.75yrs | US$233.27k | 0.14% $ 3.8m | |
| Independent Director | 22.75yrs | US$223.27k | 0.11% $ 3.2m | |
| Independent Director | 20.75yrs | US$223.27k | 0.10% $ 2.8m | |
| Independent Director | 9.58yrs | US$223.27k | 0.080% $ 2.2m | |
| Independent Director | 15.92yrs | US$233.27k | 0.14% $ 3.8m | |
| Director | 1.33yrs | US$223.27k | 0.013% $ 360.6k | |
| Independent Director | 9.33yrs | US$223.27k | 0.071% $ 2.0m |
15.9yrs
Average Tenure
66yo
Average Age
Experienced Board: WOR's board of directors are seasoned and experienced ( 15.9 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 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$2.761b
- Shares outstanding: 54.38m
- Website: https://www.worthingtonindustries.com
Number of Employees
Location
- Worthington Industries, Inc.
- 200 Old Wilson Bridge Road
- Columbus
- Ohio
- 43085
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WOR | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Dec 1972 |
| WTH | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/23 23:59 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/08/31 |
| Annual Earnings | 2020/05/31 |
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.