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United States Steel

NYSE:X
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
X
NYSE
$6B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The last earnings update was 79 days ago. More info.


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Industry
5yr Volatility vs Market

Value

 Is United States Steel undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for United States Steel.

NYSE:X Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:X
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.01
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.011 (1 + (1- 21%) (44.75%))
1.368
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.368 * 7.05%)
12.59%

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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:X DCF 1st Stage: Next 5 year cash flow forecast
2018 2019 2020 2021 2022
Levered FCF (USD, Millions) 484.00 639.40 164.00 725.00 682.00
Source Analyst x5 Analyst x5 Analyst x1 Analyst x1 Analyst x1
Present Value
Discounted (@ 12.59%)
429.87 504.37 114.90 451.11 376.89
Present value of next 5 years cash flows $1,877
NYSE:X DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2022 × (1 + g) ÷ (Discount Rate – g)
= $682 × (1 + 2.95%) ÷ (12.59% – 2.95%)
$7,281
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $7,281 ÷ (1 + 12.59%)5
$4,024
NYSE:X Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $1,877 + $4,024
$5,901
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,901 / 177
$33.38
NYSE:X Discount to Share Price
Calculation Result
Value per share (USD) From above. $33.38
Current discount Discount to share price of $36.05
= -1 x ($36.05 - $33.38) / $33.38
-8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of United States Steel is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:X PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings () in USD $3.34
NYSE:X Share Price ** NYSE (2018-06-15) in USD $36.05
United States of America Metals and Mining Industry PE Ratio Median Figure of 360 Publicly-Listed Metals and Mining Companies 12.48x
United States of America Market PE Ratio Median Figure of 7,863 Publicly-Listed Companies 18.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of United States Steel.

NYSE:X PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:X Share Price ÷ EPS (both in USD)

= 36.05 ÷ 3.34

10.8x

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?
Raw Data
NYSE:X PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
-1%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 230 Publicly-Listed Metals and Mining Companies 0.97x
United States of America Market PEG Ratio Median Figure of 5,959 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

NYSE:X PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.8x ÷ -1%

-11.28x

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?
Raw Data
NYSE:X PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings () in USD $19.45
NYSE:X Share Price * NYSE (2018-06-15) in USD $36.05
United States of America Metals and Mining Industry PB Ratio Median Figure of 1,455 Publicly-Listed Metals and Mining Companies 1.44x
United States of America Market PB Ratio Median Figure of 13,228 Publicly-Listed Companies 1.76x
NYSE:X PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:X Share Price ÷ Book Value per Share (both in USD)

= 36.05 ÷ 19.45

1.85x

* 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 overvalued based on assets compared to the US Metals and Mining industry average.
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Value checks
We assess United States Steel's value by looking at:
  1. 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. )
  2. 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)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. United States Steel has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
    Note 2: PEG ratio is based on analysts EPS growth expectations in 1 year (53.12%).

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is United States Steel expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

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!
Annual Growth Rate
-1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is United States Steel expected to grow at an attractive rate?
  • United States Steel's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
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
Raw Data
NYSE:X Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:X Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts -1%
NYSE:X Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 1.2%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 7.7%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 11.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 6.2%

*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
Raw Data
NYSE:X Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:X Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 14,127 1,467 1
2021-12-31 14,306 1,488 1
2020-12-31 13,983 1,478 570 5
2019-12-31 14,227 1,601 1,022 13
2018-12-31 13,807 1,252 903 12
NYSE:X Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-03-31 12,674 838 585
2017-12-31 12,250 802 387
2017-09-30 11,767 692 123
2017-06-30 11,205 660 27
2017-03-31 10,645 483 -280
2016-12-31 10,261 731 -440
2016-09-30 10,183 686 -1,468
2016-06-30 10,327 521 -1,692
2016-03-31 10,643 399 -1,907
2015-12-31 11,574 360 -1,642
2015-09-30 13,074 559 -234
2015-06-30 14,831 351 -268

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • United States Steel's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • United States Steel's revenue is expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:X 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 13 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.

NYSE:X Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 3.17 3.85 2.48 2.00
2019-12-31 5.25 8.50 3.08 8.00
2018-12-31 5.06 5.82 3.71 7.00
NYSE:X Past Financials Data
Date (Data in USD Millions) EPS *
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
2016-03-31 -13.04
2015-12-31 -11.24
2015-09-30 -1.60
2015-06-30 -1.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • United States Steel is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
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Future performance checks
We assess United States Steel's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare United States Steel's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • United States Steel's year on year earnings growth rate has been positive over the past 5 years.
  • United States Steel has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • United States Steel has become profitable in the last year making it difficult to compare the US Metals and Mining industry average.
Earnings and Revenue History
United States Steel's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from United States Steel Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:X Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 12,674.00 585.00 371.00
2017-12-31 12,250.00 387.00 375.00
2017-09-30 11,767.00 123.00 316.00
2017-06-30 11,205.00 27.00 300.00
2017-03-31 10,645.00 -280.00 285.00
2016-12-31 10,261.00 -440.00 255.00
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
2012-03-31 20,192.00 -186.00 726.00
2011-12-31 19,884.00 -53.00 733.00
2011-09-30 19,365.00 -91.00 712.00
2011-06-30 18,781.00 -164.00 679.00

*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 not efficiently used shareholders’ funds last year (Return on Equity less 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's use of capital has not improved over the past 3 years (Return on Capital Employed).
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Past performance checks
We assess United States Steel's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
United States Steel has a total score of 2/6, 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of United States Steel's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x 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.
Raw Data

All data from United States Steel Company Filings, last reported 2 months ago.

NYSE:X Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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
2012-03-31 3,461.00 4,117.00 652.00
2011-12-31 3,501.00 4,228.00 408.00
2011-09-30 4,170.00 3,858.00 270.00
2011-06-30 4,216.00 3,901.00 393.00
  • United States Steel's level of debt (82.9%) 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 (113.3% vs 82.9% today).
  • Debt is well covered by operating cash flow (29.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
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Financial health checks
We assess United States Steel's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. United States Steel has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0.56%
Current annual income from United States Steel dividends. Estimated to be 0.56% next year.
If you bought $2,000 of United States Steel shares you are expected to receive $11 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • United States Steel's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).
  • United States Steel's dividend is below the markets top 25% of dividend payers in United States of America (4.1%).
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.
Raw Data
NYSE:X Annualized Past and Future Dividends
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 13 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 192 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 5928 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:X Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.20 6.00
2019-12-31 0.20 12.00
2018-12-31 0.20 12.00
NYSE:X Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-04-26 0.200 0.559
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
2008-06-19 1.000 0.621

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • United States Steel is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • United States Steel is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of United States Steel's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of United States Steel's dividends as it is not paying a notable for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of United States Steel's dividends in 3 years as they are not expected to pay a notable for United States of America.
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Income/ dividend checks
We assess United States Steel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. United States Steel has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of United States Steel's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Burritt, image provided by Google.
David Burritt
COMPENSATION $4,694,200
AGE 62
TENURE AS CEO 1.1 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 increased in line with United States Steel has become profitable.
  • David's compensation appears reasonable for a company of this size and profit level.
Management Team Tenure

Average tenure and age of the United States Steel management team in years:

1
Average Tenure
51
Average Age
  • The average tenure for the United States Steel management team is less than 2 years, this suggests a new team.
Management Team

David Burritt

TITLE
President
COMPENSATION
$5M
AGE
62
TENURE
1.1 yrs

Kevin Bradley

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
54
TENURE
0.9 yrs

Doug Matthews

TITLE
Senior VP of Industrial
COMPENSATION
$2M
AGE
51
TENURE
8.4 yrs

Scott Buckiso

TITLE
Senior VP of European Solutions
COMPENSATION
$2M
AGE
50
TENURE
1 yrs

Pipasu Soni

TITLE
Vice President of Performance Analytics
COMPENSATION
$965K
AGE
44
TENURE
1.3 yrs

Colleen Darragh

TITLE
VP, Controller & Chief Accounting Officer
AGE
47

Chuck Balawajder

TITLE
Chief Information Officer and Vice President
AGE
61
TENURE
4.6 yrs

Dan Lesnak

TITLE
General Manager of Investor Relations

Duane Holloway

TITLE
Senior VP
TENURE
0.2 yrs

A. Melnkovic

TITLE
Senior VP & Chief Human Resources Officer
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the United States Steel board of directors in years:

3.9
Average Tenure
62.5
Average Age
  • The tenure for the United States Steel board of directors is about average.
Board of Directors

Dave Sutherland

TITLE
Chairman of the Board
COMPENSATION
$290K
AGE
68
TENURE
4.4 yrs

David Burritt

TITLE
President
COMPENSATION
$5M
AGE
62
TENURE
1.1 yrs

Patricia Tracey

TITLE
Director
COMPENSATION
$260K
AGE
66
TENURE
11.2 yrs

Dan Dinges

TITLE
Director
COMPENSATION
$253K
AGE
63
TENURE
8.2 yrs

Murry Gerber

TITLE
Director
COMPENSATION
$240K
AGE
63
TENURE
5.9 yrs

John Engel

TITLE
Director
COMPENSATION
$260K
AGE
55
TENURE
7.2 yrs

Patricia Dennis

TITLE
Director
COMPENSATION
$240K
AGE
70
TENURE
3.4 yrs

Paul Mascarenas

TITLE
Director
COMPENSATION
$240K
AGE
56
TENURE
2.3 yrs

Stephen Girsky

TITLE
Director
COMPENSATION
$240K
AGE
55
TENURE
2.2 yrs

Gene Sperling

TITLE
Director
COMPENSATION
$125K
AGE
58
TENURE
0.9 yrs
Recent Insider Trading
  • More shares have been bought than sold by United States Steel insiders in the past 3 months.
Who owns this company?
X
Management checks
We assess United States Steel's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

External News
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Simply Wall St News

How United States Steel Corporation (NYSE:X) Delivered A Better ROE Than Its Industry

and want to begin learning the link between United States Steel Corporation (NYSE:X)’s return fundamentals and stock market performance. … United States Steel Corporation (NYSE:X) outperformed the steel industry on the basis of its ROE – producing a higher 17.01% relative to the peer average of 11.09% over the past 12 months. … Check out our latest analysis for United States Steel

Simply Wall St -

Is United States Steel Corporation's (NYSE:X) Balance Sheet Strong Enough To Weather A Storm?

On top of this, X has generated US$802.00M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 29.67%, signalling that X’s operating cash is sufficient to cover its debt. … In X’s case, it is able to generate 0.3x cash from its debt capital. … Next Steps: X’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

How United States Steel Corporation (NYSE:X) Delivered A Better ROE Than Its Industry

See our latest analysis for United States Steel Peeling the layers of ROE – trisecting a company’s profitability Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Since United States Steel’s return covers its cost in excess of 3.59%, its use of equity capital is efficient and likely to be sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:X Last Perf May 5th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

At $32.19, Is It Time To Buy United States Steel Corporation (NYSE:X)?

United States Steel Corporation (NYSE:X), a metals and mining company based in United States, saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $46.01 and falling to the lows of $32.19. … Let’s take a look at United States Steel’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … Can we expect growth from United States Steel?

Simply Wall St -

Is United States Steel Corporation (NYSE:X) Undervalued After Accounting For Its Future Growth?

United States Steel Corporation (NYSE:X) is considered a high growth stock. … United States Steel is poised for extremely high earnings growth in the near future. … United States Steel is available at a price-to-earnings ratio of 15.33x, showing us it is undervalued relative to the current US market average of 18.36x , and overvalued based on current earnings compared to the metals and mining industry average of 12.18x.

Simply Wall St -

Should You Be Tempted To Sell United States Steel Corporation (NYSE:X) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for X Price per share = $44.75 Earnings per share = $2.214 ∴ Price-Earnings Ratio = $44.75 ÷ $2.214 = 20.2x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Since X's P/E of 20.2x is higher than its industry peers (12.2x), it means that investors are paying more than they should for each dollar of X's earnings. … For example, if you are inadvertently comparing riskier firms with X, then X’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

How Do Analysts See United States Steel Corporation (NYSE:X) Performing In Next 12 Months?

Since United States Steel Corporation (NYSE:X) released its earnings in December 2017, analysts seem highly optimistic, with earnings expected to grow by a high double-digit of 72.02% in the upcoming year, against the historical 5-year average growth rate of -6.18%. … Below is a brief commentary around United States Steel's earnings outlook going forward, which may give you a sense of market sentiment for the company. … The intrinsic value infographic in our free research report helps visualize whether United States Steel is currently mispriced by the market?

Simply Wall St -

What Should We Expect From United States Steel Corporation's (NYSE:X) Earnings Over The Next Few Years?

The latest earnings release United States Steel Corporation's (NYSE:X) announced in December 2017 revealed that the business finally turned profitable after negative earnings on average over the last few years. … Below is my commentary, albeit very simple and high-level, on how market analysts perceive United States Steel's earnings growth trajectory over the next few years and whether the future looks brighter. … See our latest analysis for United States Steel Market analysts' consensus outlook for next year seems positive, with earnings climbing by a significant 70.74%.

Simply Wall St -

Is It Time To Buy United States Steel Corporation (NYSE:X)?

United States Steel Corporation (NYSE:X), a metals and mining company based in United States, received a lot of attention from a substantial price increase on the NYSE over the last few months. … If you believe United States Steel should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. … However, the optimistic prospect is encouraging for United States Steel, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop.

Simply Wall St -

Are United States Steel Corporation's (NYSE:X) Interest Costs Too High?

Moreover, X has produced cash from operations of $727.0M in the last twelve months, leading to an operating cash to total debt ratio of 23.99%, signalling that X’s operating cash is sufficient to cover its debt. … At the current liabilities level of $2,331.0M liabilities, the company has been able to meet these commitments with a current assets level of $4,356.0M, leading to a 1.87x current account ratio. … In X's, case, the ratio of 2.17x suggests that interest is not strongly covered, which means that lenders may be more reluctant to lend out more funding as X’s low interest coverage already puts the company at higher risk of default.Next Steps: At its current level of cash flow coverage, X has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

Company Info

Map
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: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products. This segment serves customers in the service center, conversion, automotive, construction, container, and appliance and electrical markets. The USSE segment provides slabs, sheets, strip mill plates, 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
$6,373,437,182
176,794,374
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
XTRA USX1 Common Stock XETRA Trading Platform 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
Staff numbers
29,200
United States Steel employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/06/18 18:29
End of day share price update: 2018/06/15 00:00
Last estimates confirmation: 2018/06/14
Last earnings update: 2018/03/31
Last annual earnings update: 2017/12/31


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.