NYSE:WOR

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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

Solid track record established dividend payer.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.3%

WOR

1.0%

US Metals and Mining

2.3%

US Market


1 Year Return

16.3%

WOR

23.3%

US Metals and Mining

17.2%

US Market

Return vs Industry: WOR underperformed the US Metals and Mining industry which returned 22.9% over the past year.

Return vs Market: WOR matched the US Market which returned 15.8% over the past year.


Shareholder returns

WORIndustryMarket
7 Day8.3%1.0%2.3%
30 Day-0.9%-5.3%-4.6%
90 Day15.5%12.3%7.4%
1 Year19.7%16.3%26.2%23.3%19.8%17.2%
3 Year-0.3%-7.3%8.4%1.4%37.4%28.3%
5 Year57.8%41.1%86.3%69.5%83.8%63.0%

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?

3.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WOR ($41.14) is trading above our estimate of fair value ($17.47)

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 (3.2x) compared to the US Metals and Mining industry average (17.7x).

PE vs Market: WOR is good value based on its PE Ratio (3.2x) compared to the US market (18x).


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's PB Ratio (1.6x) is in line with the US Metals and Mining industry average.


Next Steps

Future Growth

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

-69.8%

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 (-69.8% per year).

Earnings vs Market: WOR's earnings are forecast to decline over the next 3 years (-69.8% per year).

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

Revenue vs Market: WOR's revenue (7.8% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: WOR's revenue (7.8% 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 WOR's Return on Equity is forecast to be high in 3 years time


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 -35.3%.


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 not well covered by EBIT (2.4x coverage).


Balance Sheet


Next Steps

Dividend

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

2.43%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: WOR's dividend (2.43%) is higher than the bottom 25% of dividend payers in the US market (1.71%).

High Dividend: WOR's dividend (2.43%) is low compared to the top 25% of dividend payers in the US market (4.83%).


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 (31.2% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Andy Rose (50 yo)

no data

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 ($USD2.13M) is below average for companies of similar size in the US market ($USD4.58M).

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


Leadership Team

NamePositionTenureCompensationOwnership
John McConnell
Executive Chairman24yrsUS$3.22m8.7%
$ 190.9m
B. Rose
President & CEOno dataUS$2.13m1.15%
$ 25.2m
Joseph Hayek
VP & CFO1.83yrsUS$3.61m0.24%
$ 5.3m
Geoffrey Gilmore
Executive VP & COO2.08yrsUS$1.86m0.37%
$ 8.2m
Virgil Winland
Senior Vice President of Manufacturing19.67yrsUS$1.10m0.25%
$ 5.4m
Matthew Schlabig
Chief Information Officer5.33yrsno datano data
Dale Brinkman
Senior VP of Administration21.75yrsUS$1.19m0.070%
$ 1.5m
Marcus Rogier
Investor Relations Officer & Treasurer2yrsno datano data
Sonya Higginbotham
Vice President of Corporate Communications & Brand Management2yrsno datano data
Catherine Lyttle
Senior VP & Chief Human Resources Officer2yrsno data0.066%
$ 1.4m
Richard Welch
Corporate Controller20.5yrsUS$284.05k0.052%
$ 1.1m
Eric Smolenski
President of Worthington Cylinder Corporation1.33yrsno data0.16%
$ 3.6m

2.0yrs

Average Tenure

61yo

Average Age

Experienced Management: WOR's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John McConnell
Executive Chairman24yrsUS$3.22m8.7%
$ 190.9m
John Blystone
Lead Independent Director13.67yrsUS$206.40k0.37%
$ 8.2m
Kerrii Anderson
Independent Director10yrsUS$223.27k0.13%
$ 2.9m
Michael Endres
Independent Director21.67yrsUS$223.27k0.37%
$ 8.1m
Peter Karmanos
Independent Director23.67yrsUS$233.27k0.14%
$ 3.1m
Mary Schiavo
Independent Director22.67yrsUS$223.27k0.12%
$ 2.6m
Sidney Ribeau
Independent Director20.67yrsUS$223.27k0.11%
$ 2.3m
Mark Davis
Independent Director9.5yrsUS$223.27k0.081%
$ 1.8m
Carl Nelson
Independent Director15.83yrsUS$233.27k0.14%
$ 3.1m
David Blom
Director1.25yrsUS$223.27k0.013%
$ 292.2k
Ozey Horton
Independent Director9.25yrsUS$223.27k0.072%
$ 1.6m

15.8yrs

Average Tenure

66yo

Average Age

Experienced Board: WOR's board of directors are seasoned and experienced ( 15.8 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$2.195b
  • Shares outstanding: 53.36m
  • 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 Analysis2020/09/30 00:23
End of Day Share Price2020/09/29 00:00
Earnings2020/08/31
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.