United States Steel
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The last earnings update was 54 days ago. More info.
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- United States Steel has significant price volatility in the past 3 months.
X Share Price and Events
7 Day Returns
1 Year Returns
X Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| United States Steel (X) | 0.5% | 11.9% | -21.3% | -55.8% | -4.5% | -43.4% |
| US Metals and Mining | 2.4% | 11.2% | -2.7% | -17.3% | 11.6% | -16.5% |
| US Market | -0.4% | 2.8% | 2.7% | 4.3% | 40.9% | 38.2% |
1 Year Return vs Industry and Market
- X underperformed the Metals and Mining industry which returned -17.3% over the past year.
- X underperformed the Market in United States of America which returned 4.3% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
United States Steel
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for United States Steel.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 15 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 12.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 1.04 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.036 (1 + (1- 21%) (100.04%)) |
1.573 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.57 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.573 * 5.96%) |
12.1% |
Discounted Cash Flow Calculation for NYSE:X using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for United States Steel is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 12.1%) |
|
|---|---|---|---|
| 2019 | -464.00 | Analyst x4 | -413.90 |
| 2020 | -840.25 | Analyst x4 | -668.59 |
| 2021 | -291.00 | Analyst x2 | -206.55 |
| 2022 | 303.50 | Analyst x2 | 192.16 |
| 2023 | 803.00 | Analyst x1 | 453.53 |
| 2024 | 1,317.40 | Est @ 64.06% | 663.72 |
| 2025 | 1,918.95 | Est @ 45.66% | 862.39 |
| 2026 | 2,548.01 | Est @ 32.78% | 1,021.45 |
| 2027 | 3,153.58 | Est @ 23.77% | 1,127.71 |
| 2028 | 3,704.05 | Est @ 17.46% | 1,181.54 |
| Present value of next 10 years cash flows | $4,213.45 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $3,704.05 × (1 + 2.73%) ÷ (12.1% – 2.73%) |
$40,590.87 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $40,590.87 ÷ (1 + 12.1%)10 |
$12,947.93 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $4,213.45 + $12,947.93 |
$17,161.38 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $17,161.38 / 172.39 |
$99.55 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $99.55 |
| Current discount | Discount to share price of
$15.25
= -1 x ($15.25 - $99.55) / $99.55 |
84.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- United States Steel's share price is below the future cash flow value, and at a moderate discount (> 20%).
- United States Steel's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for United States Steel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
United States Steel's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $6.54 |
| NYSE:X Share Price ** | NYSE (2019-06-26) in USD | $15.25 |
| United States of America Metals and Mining Industry PE Ratio | Median Figure of 44 Publicly-Listed Metals and Mining Companies | 9.2x |
| United States of America Market PE Ratio | Median Figure of 3,094 Publicly-Listed Companies | 17.77x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of United States Steel.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:X Share Price ÷ EPS (both in USD) = 15.25 ÷ 6.54 |
2.33x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- United States Steel is good value based on earnings compared to the US Metals and Mining industry average.
- United States Steel is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
United States Steel's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 2.33x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts |
-19.2%per year |
| United States of America Metals and Mining Industry PEG Ratio | Median Figure of 24 Publicly-Listed Metals and Mining Companies | 0.66x |
| United States of America Market PEG Ratio | Median Figure of 2,133 Publicly-Listed Companies | 1.51x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 2.33x ÷ -19.2% |
-0.12x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- United States Steel earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
United States Steel's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $24.50 |
| NYSE:X Share Price * | NYSE (2019-06-26) in USD | $15.25 |
| United States of America Metals and Mining Industry PB Ratio | Median Figure of 106 Publicly-Listed Metals and Mining Companies | 1.43x |
| United States of America Market PB Ratio | Median Figure of 5,255 Publicly-Listed Companies | 1.78x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:X Share Price ÷ Book Value per Share (both in USD) = 15.25 ÷ 24.50 |
0.62x |
* Primary Listing of United States Steel.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- United States Steel is good value based on assets compared to the US Metals and Mining industry average.
Value checks
We assess United States Steel's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) United States Steel has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- United States Steel's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- United States Steel's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- United States Steel's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:X Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts | -19.2% |
| NYSE:X Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts | 0.2% |
| United States of America Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 17.9% |
| United States of America Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 5.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 13,724 | 1,303 | 1 | |
| 2022-12-31 | 13,879 | 944 | 2 | |
| 2021-12-31 | 13,823 | 990 | 364 | 6 |
| 2020-12-31 | 13,736 | 983 | 259 | 15 |
| 2019-12-31 | 13,659 | 852 | 200 | 15 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 14,528 | 1,066 | 1,151 |
| 2018-12-31 | 14,178 | 938 | 1,115 |
| 2018-09-30 | 13,620 | 978 | 682 |
| 2018-06-30 | 13,139 | 852 | 538 |
| 2018-03-31 | 12,674 | 862 | 585 |
| 2017-12-31 | 12,250 | 826 | 387 |
| 2017-09-30 | 11,767 | 697 | 123 |
| 2017-06-30 | 11,205 | 661 | 27 |
| 2017-03-31 | 10,645 | 483 | -280 |
| 2016-12-31 | 10,261 | 754 | -440 |
| 2016-09-30 | 10,183 | 686 | -1,468 |
| 2016-06-30 | 10,327 | 521 | -1,692 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
All data from United States Steel Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 2.09 | 2.09 | 2.09 | 1.00 |
| 2020-12-31 | 1.06 | 3.36 | -0.99 | 8.00 |
| 2019-12-31 | 1.20 | 2.59 | 0.13 | 7.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 6.54 |
| 2018-12-31 | 6.31 |
| 2018-09-30 | 3.87 |
| 2018-06-30 | 3.06 |
| 2018-03-31 | 3.34 |
| 2017-12-31 | 2.21 |
| 2017-09-30 | 0.71 |
| 2017-06-30 | 0.16 |
| 2017-03-31 | -1.71 |
| 2016-12-31 | -2.81 |
| 2016-09-30 | -9.79 |
| 2016-06-30 | -11.56 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess United States Steel's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
United States Steel has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has United States Steel performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- United States Steel has delivered over 20% year on year earnings growth in the past 5 years.
- United States Steel's 1-year earnings growth exceeds its 5-year average (96.8% vs 52.1%)
- United States Steel's earnings growth has exceeded the US Metals and Mining industry average in the past year (96.8% vs 43.8%).
Earnings and Revenue History
All data from United States Steel Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 14,528.00 | 1,151.00 | 432.00 | |
| 2018-12-31 | 14,178.00 | 1,115.00 | 405.00 | |
| 2018-09-30 | 13,620.00 | 682.00 | 409.00 | |
| 2018-06-30 | 13,139.00 | 538.00 | 399.00 | |
| 2018-03-31 | 12,674.00 | 585.00 | 377.00 | |
| 2017-12-31 | 12,250.00 | 387.00 | 381.00 | |
| 2017-09-30 | 11,767.00 | 123.00 | 319.00 | |
| 2017-06-30 | 11,205.00 | 27.00 | 302.00 | |
| 2017-03-31 | 10,645.00 | -280.00 | 285.00 | |
| 2016-12-31 | 10,261.00 | -440.00 | 270.00 | |
| 2016-09-30 | 10,183.00 | -1,468.00 | 313.00 | |
| 2016-06-30 | 10,327.00 | -1,692.00 | 339.00 | |
| 2016-03-31 | 10,643.00 | -1,907.00 | 382.00 | |
| 2015-12-31 | 11,574.00 | -1,642.00 | 415.00 | |
| 2015-09-30 | 13,074.00 | -234.00 | 425.00 | |
| 2015-06-30 | 14,831.00 | -268.00 | 451.00 | |
| 2015-03-31 | 16,331.00 | -25.00 | 487.00 | |
| 2014-12-31 | 17,507.00 | 102.00 | 523.00 | |
| 2014-09-30 | 17,704.00 | 124.00 | 567.00 | |
| 2014-06-30 | 17,248.00 | -1,460.00 | 595.00 | |
| 2014-03-31 | 17,277.00 | -1,520.00 | 603.00 | |
| 2013-12-31 | 17,424.00 | -1,645.00 | 610.00 | |
| 2013-09-30 | 17,642.00 | -1,992.00 | 613.00 | |
| 2013-06-30 | 18,163.00 | -157.00 | 619.00 | |
| 2013-03-31 | 18,751.00 | 22.00 | 626.00 | |
| 2012-12-31 | 19,328.00 | -124.00 | 654.00 | |
| 2012-09-30 | 19,660.00 | -285.00 | 673.00 | |
| 2012-06-30 | 20,089.00 | -307.00 | 695.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- United States Steel has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- United States Steel used its assets more efficiently than the US Metals and Mining industry average last year based on Return on Assets.
- United States Steel has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess United States Steel's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
United States Steel has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is United States Steel's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up United States Steel's finances.
The net worth of a company is the difference between its assets and liabilities.
- United States Steel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- United States Steel's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from United States Steel Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 4,236.00 | 2,392.00 | 676.00 |
| 2018-12-31 | 4,203.00 | 2,359.00 | 1,000.00 |
| 2018-09-30 | 3,942.00 | 2,502.00 | 1,344.00 |
| 2018-06-30 | 3,606.00 | 2,545.00 | 1,231.00 |
| 2018-03-31 | 3,439.00 | 2,852.00 | 1,372.00 |
| 2017-12-31 | 3,321.00 | 2,703.00 | 1,553.00 |
| 2017-09-30 | 2,808.00 | 2,899.00 | 1,694.00 |
| 2017-06-30 | 2,555.00 | 2,927.00 | 1,522.00 |
| 2017-03-31 | 2,174.00 | 3,033.00 | 1,326.00 |
| 2016-12-31 | 2,275.00 | 3,031.00 | 1,515.00 |
| 2016-09-30 | 2,602.00 | 3,080.00 | 1,445.00 |
| 2016-06-30 | 1,914.00 | 3,140.00 | 820.00 |
| 2016-03-31 | 1,943.00 | 3,121.00 | 705.00 |
| 2015-12-31 | 2,437.00 | 3,138.00 | 755.00 |
| 2015-09-30 | 3,172.00 | 3,489.00 | 1,165.00 |
| 2015-06-30 | 3,481.00 | 3,486.00 | 1,210.00 |
| 2015-03-31 | 3,668.00 | 3,502.00 | 1,266.00 |
| 2014-12-31 | 3,800.00 | 3,498.00 | 1,354.00 |
| 2014-09-30 | 3,943.00 | 3,498.00 | 1,257.00 |
| 2014-06-30 | 3,514.00 | 3,625.00 | 1,471.00 |
| 2014-03-31 | 3,451.00 | 3,938.00 | 1,099.00 |
| 2013-12-31 | 3,376.00 | 3,939.00 | 604.00 |
| 2013-09-30 | 1,775.00 | 3,940.00 | 697.00 |
| 2013-06-30 | 3,474.00 | 3,933.00 | 767.00 |
| 2013-03-31 | 3,471.00 | 3,934.00 | 733.00 |
| 2012-12-31 | 3,478.00 | 3,938.00 | 570.00 |
| 2012-09-30 | 3,863.00 | 3,940.00 | 536.00 |
| 2012-06-30 | 3,533.00 | 3,806.00 | 565.00 |
- United States Steel's level of debt (56.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (114% vs 56.5% today).
- Debt is well covered by operating cash flow (44.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 13.1x coverage).
Financial health checks
We assess United States Steel's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) United States Steel has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is United States Steel's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
United States Steel
shares you are expected to receive
$26
in your first year as a dividend.
Dividend Amount
- United States Steel's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- United States Steel's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| United States of America Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 30 Stocks | 2.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2012 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 0.20 | 1.00 |
| 2022-12-31 | 0.20 | 1.00 |
| 2021-12-31 | 0.21 | 8.00 |
| 2020-12-31 | 0.21 | 14.00 |
| 2019-12-31 | 0.21 | 14.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-02 | 0.200 | 1.403 |
| 2019-01-30 | 0.200 | 1.019 |
| 2018-11-01 | 0.200 | 0.908 |
| 2018-08-01 | 0.200 | 0.684 |
| 2018-04-26 | 0.200 | 0.557 |
| 2018-01-31 | 0.200 | 0.526 |
| 2017-10-31 | 0.200 | 0.616 |
| 2017-07-25 | 0.200 | 0.787 |
| 2017-04-25 | 0.200 | 0.927 |
| 2017-01-31 | 0.200 | 0.577 |
| 2016-11-01 | 0.200 | 0.648 |
| 2016-07-26 | 0.200 | 1.019 |
| 2016-04-26 | 0.200 | 1.174 |
| 2016-01-26 | 0.200 | 1.785 |
| 2015-11-03 | 0.200 | 2.429 |
| 2015-07-29 | 0.200 | 1.452 |
| 2015-04-28 | 0.200 | 0.908 |
| 2015-01-29 | 0.200 | 0.820 |
| 2014-10-28 | 0.200 | 0.696 |
| 2014-07-29 | 0.200 | 0.539 |
| 2014-04-29 | 0.200 | 0.786 |
| 2014-01-28 | 0.200 | 0.770 |
| 2013-10-29 | 0.200 | 0.731 |
| 2013-07-30 | 0.200 | 1.001 |
| 2013-04-30 | 0.200 | 1.108 |
| 2013-01-29 | 0.200 | 1.022 |
| 2012-10-31 | 0.200 | 0.875 |
| 2012-07-31 | 0.200 | 0.950 |
| 2012-04-24 | 0.200 | 0.943 |
| 2012-01-31 | 0.200 | 0.696 |
| 2011-10-25 | 0.200 | 0.757 |
| 2011-07-26 | 0.200 | 0.745 |
| 2011-04-26 | 0.200 | 0.451 |
| 2011-01-25 | 0.200 | 0.360 |
| 2010-10-26 | 0.200 | 0.390 |
| 2010-07-27 | 0.200 | 0.445 |
| 2010-04-27 | 0.200 | 0.438 |
| 2010-01-26 | 0.200 | 0.358 |
| 2009-10-27 | 0.200 | 0.428 |
| 2009-07-28 | 0.200 | 0.456 |
| 2009-04-27 | 0.200 | 0.603 |
| 2009-01-27 | 1.200 | 5.027 |
| 2008-10-28 | 1.200 | 3.679 |
| 2008-07-29 | 1.200 | 1.549 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess United States Steel's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can United States Steel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) United States Steel has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $11,590,073 |
| AGE | 63 |
| TENURE AS CEO | 2.1 years |
CEO Bio
Mr. David Boyd Burritt, also known as Dave, has been the Chief Executive Officer of United States Steel Corporation since May 8, 2017 and its President since February 28, 2017 and served as its Chief Operating Officer from February 28, 2017 to May 8, 2017. Mr. Burritt served as Chief Financial Officer and Executive Vice President of United States Steel Corp. from September 1, 2013 to February 28, 2017. Mr. Burritt served as the Chief Financial Officer of Caterpillar Inc. from 2004 to June 1, 2010, Vice President from December 1, 2004 to June 1, 2010 and served as its Vice President of Global Finance & Strategic Support Division until June 2010. He served as the Chief Accounting Officer of Caterpillar Inc. from 2002 to November 2007 and its Controller from 2002 to February 1, 2005. Mr. Burritt served as a Director of Strategy & Planning, Caterpillar Overseas S.A. from 1998 to 1999, General Manager of Strategic & Business Services for Europe at Caterpillar Overseas S.A from 1999 to 2001 and Corporate 6 Sigma Champion from 2001 to 2002. He began his career at Caterpillar in 1978 as an Accountant and held various positions of increasing responsibility for Caterpillar in finance, tax, accounting and international operations for Caterpillar Inc. from 1978 to 2002. He served as an Inventory and Budget Accountant in Caterpillar's foundry operations and then moved to its General Offices in financial reporting and tax roles. In 1990, as Manager of Business Measurements, he helped facilitate Caterpillar's reorganization into accountable business units by designing a new corporate metrics system and business unit reporting structure. Beginning in 1994, he gained international experience by assuming the role of business manager for Cat Belgium S.A. He has been a Director of United States Steel Corporation since May 8, 2017. Mr. Burritt has been a Director of Lockheed Martin Corporation since April 2008. He serves as a Director at Aperam South America S.A. He was a Member of Advisory Council at The Hackett Group, Inc. He served as a Director of Factory Mutual Insurance Company since June 12, 2006. He served as a Director of Allegion Plc. He served as an Independent Director of Global Brass and Copper Holdings, Inc. from July 2011 to May 22, 2014. He served as an Independent Director of Aperam from December 2010 to May 24, 2013. He is a Lifetime Member of Phi Kappa Phi. Mr. Burritt is a Certified Public Accountant and Member of the American Institute of CPAs. He is a Certified Management Accountant and Member of the Institute of Management Accountants. He is a Member of the Corporate Executive Board's Controllers' Leadership Roundtable, Financial Executives International and the Conference Board Council of Corporate Controllers. He is also a Certified Public Accountant (CPA), a Member of the American Institute of Certified Public Accountants (AICPA), a Certified Management Accountant and a Member of the Institute of Management Accountants (IMA). Mr. Burritt graduated with a Bachelor of Science degree in Accounting from Bradley University in 1977. He earned an MBA from the University of Illinois in 1990. He also completed the Stanford University Executive Program in 1998.
CEO Compensation
- David's compensation has been consistent with company performance over the past year, both up more than 20%.
- David's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the United States Steel management team in years:
- The average tenure for the United States Steel management team is less than 2 years, this suggests a new team.
Management Team
David Burritt
President
$12M
63
2.1 yrs
Kevin Bradley
Executive VP & CFO
$4M
55
1.9 yrs
Duane Holloway
Senior VP
$3M
45
1.2 yrs
Doug Matthews
Senior VP of Industrial
$3M
52
9.4 yrs
Scott Buckiso
Senior Vice President of Automotive Solutions
$2M
51
2 yrs
Kimberly Fast
Acting Controller & Principal Accounting Officer
44
0.2 yrs
Steve Bugajski
Interim Chief Information Officer & GM of Global Business Service Center
0.1 yrs
Kevin Lewis
General Manager of Investor Relations
A. Melnkovic
Senior VP & Chief Human Resources Officer
60
2 yrs
Thomas Kelly
Managing Director of Balkan
62
Board of Directors Tenure
Average tenure and age of the United States Steel board of directors in years:
- The tenure for the United States Steel board of directors is about average.
Board of Directors
Dave Sutherland
Chairman of the Board
$415K
69
5.4 yrs
David Burritt
President
$12M
63
2.1 yrs
Patricia Tracey
Director
$260K
67
12.2 yrs
Dan Dinges
Director
$260K
64
9.2 yrs
Murry Gerber
Director
$253K
64
6.9 yrs
John Engel
Director
$247K
56
8.2 yrs
Patricia Dennis
Director
$240K
71
4.4 yrs
Paul Mascarenas
Director
$240K
57
3.3 yrs
Steven Girsky
Director
$240K
56
3.2 yrs
Gene Sperling
Director
$240K
59
1.9 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by United States Steel individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 31. May 19 | Buy | John Faraci | Individual | 20. May 19 | 20. May 19 | 1,000 | $14.38 | $14,376 | ||
| 22. May 19 | Buy | Stephen Girsky | Individual | 20. May 19 | 20. May 19 | 1,000 | $14.50 | $14,500 | ||
| 09. May 19 | Buy | Stephen Girsky | Individual | 07. May 19 | 07. May 19 | 1,000 | $16.18 | $16,177 | ||
| 19. Feb 19 | Buy | Kevin Bradley | Individual | 15. Feb 19 | 15. Feb 19 | 10,000 | $22.79 | $227,900 | ||
| 14. Dec 18 | Buy | Kevin Bradley | Individual | 13. Dec 18 | 13. Dec 18 | 10,000 | $20.33 | $203,250 | ||
| 23. Nov 18 | Sell | James Bruno | Individual | 20. Nov 18 | 20. Nov 18 | -12,000 | $25.75 | $-308,940 | ||
| 08. Nov 18 | Buy | Kevin Bradley | Individual | 07. Nov 18 | 07. Nov 18 | 10,000 | $29.53 | $295,250 | ||
Management checks
We assess United States Steel's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) United States Steel has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
The United States Steel (NYSE:X) Share Price Is Down 60% So Some Shareholders Are Wishing They Sold
Even though the United States Steel share price is down over the year, its EPS actually improved. … Investors should note that there's a difference between United States Steel's total shareholder return (TSR) and its share price change, which we've covered above. … Its history of dividend payouts mean that United States Steel's TSR, which was a 60% drop over the last year, was not as bad as the share price return.
Simply Wall St - – Full articleA Spotlight On United States Steel Corporation's (NYSE:X) Fundamentals
By this I mean, I look at stocks holistically, from their financial health to their future outlook. … Investors have the opportunity to buy into the stock to reap capital gains, if X's projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. … NYSE:X Price Estimation Relative to Market, June 10th 2019 Next Steps: For United States Steel, there are three pertinent factors you should look at: Future Outlook: What are well-informed industry analysts predicting for X’s future growth?
Simply Wall St - – Full articleIs United States Steel Corporation (NYSE:X) A Financially Sound Company?
Today we will look at X’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Additionally, X has produced cash from operations of US$1.1b in the last twelve months, resulting in an operating cash to total debt ratio of 41%, signalling that X’s operating cash is sufficient to cover its debt. … With current liabilities at US$3.1b, it seems that the business has been able to meet these obligations given the level of current assets of US$4.6b, with a current ratio of 1.47x.
Simply Wall St - – Full articleHere's What You Should Know About United States Steel Corporation's (NYSE:X) 1.3% Dividend Yield
Dividend paying stocks like United States Steel Corporation (NYSE:X) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … United States Steel has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see United States Steel has grown its earnings per share at 51% per annum over the past five years. The company is only paying out a fraction of its earnings as dividends, and in the past been able to use the retained earnings to grow its profits rapidly - an ideal combination. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.
Simply Wall St - – Full articleHere's Why I Think United States Steel (NYSE:X) Might Deserve Your Attention Today
Over the last three years, United States Steel has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base. … Like the last firework on New Year's Eve accelerating into the sky, United States Steel's EPS shot from US$3.34 to US$6.54, over the last year. … While we note United States Steel's EBIT margins were flat over the last year, revenue grew by a solid 15% to US$15b.
Simply Wall St - – Full articleHow Financially Strong Is United States Steel Corporation (NYSE:X)?
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as United States Steel Corporation (NYSE:X), with a market capitalization of US$3.8b, rarely draw their attention from the investing community. … Today we will look at X’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … View our latest analysis for United States Steel.
Simply Wall St - – Full articleBrief Commentary On United States Steel Corporation's (NYSE:X) Fundamentals
United States Steel Corporation (NYSE:X) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … company with a
Simply Wall St - – Full articleShould United States Steel Corporation (NYSE:X) Be Part Of Your Income Portfolio?
Historically, United States Steel Corporation (NYSE:X) has been paying a dividend to shareholders. … Let's take a look at United States Steel in more detail. … View our latest analysis for United States Steel
Simply Wall St - – Full articleHow Much Are United States Steel Corporation (NYSE:X) Insiders Taking Off The Table?
So we'll take a look at whether insiders have been buying or selling shares in United States Steel Corporation (NYSE:X). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In total, United States Steel insiders sold more than they bought over the last year
Simply Wall St - – Full articleDo You Like United States Steel Corporation (NYSE:X) At This P/E Ratio?
We'll show how you can use United States Steel Corporation's (NYSE:X) P/E ratio to inform your assessment of the investment opportunity. … United States Steel has a price to earnings ratio of 7.23, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCompany Info
Description
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke. This segment serves customers in the service center, conversion, automotive, construction, container, and appliance and electrical markets. The USSE segment provides slabs, strip mill plate, sheet, tin mill products, and spiral welded pipes, as well as heating radiators, and refractory ceramic materials. This segment serves customers in the construction, service center, conversion, container, transportation, appliance and electrical, oil, gas, and petrochemical markets. The Tubular segment offers seamless and electric resistance welded steel casing and tubing products; and standard and line pipe and mechanical tubing products primarily to customers in the oil, gas, and petrochemical markets. The company also provides railroad services; and owns, develops, and manages various real estate assets. United States Steel Corporation was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
Details
| Name: | United States Steel Corporation |
| X | |
| Exchange: | NYSE |
| Founded: | 1901 |
| $2,628,972,464 | |
| 172,391,637 | |
| Website: | http://www.ussteel.com |
| Address: |
United States Steel Corporation 600 Grant Street, Pittsburgh, Pennsylvania, 15219, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | X | Common Stock | New York Stock Exchange | US | USD | 15. Apr 1991 | |
| DB | USX1 | Common Stock | Deutsche Boerse AG | DE | EUR | 15. Apr 1991 | |
| LSE | 0LJ9 | Common Stock | London Stock Exchange | GB | USD | 15. Apr 1991 | |
| SNSE | X | Common Stock | Santiago Stock Exchange | CL | USD | 15. Apr 1991 | |
| BMV | X * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 15. Apr 1991 | |
| BOVESPA | USSX34 | BDR EA REPR 1 COM SHS USD1 | Bolsa de Valores de Sao Paulo | BR | BRL | 24. Aug 2012 | |
| BASE | X | CEDEAR EACH REP 1/3 ORD | Buenos Aires Stock Exchange | AR | ARS | 16. Feb 2011 |
Number of employees
Current staff
Industry
| Steel | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/26 23:51 |
| End of day share price update: | 2019/06/26 00:00 |
| Last estimates confirmation: | 2019/06/26 |
| Last earnings filing: | 2019/05/03 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
