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United States Steel

NYSE:X
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
X
NYSE
$5B
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 51 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
Price Volatility
X
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 12 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 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.98 (1 + (1- 21%) (49.3%))
1.362
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.362 * 7.05%)
12.55%

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
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 761.00 413.00 682.00 640.00 566.95
Source Analyst x5 Analyst x2 Analyst x1 Analyst x1 Est @ -11.41%
Present Value
Discounted (@ 12.55%)
676.14 326.03 478.35 398.83 313.91
Present value of next 5 years cash flows $2,193.26
NYSE:X DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $566.95 × (1 + 2.95%) ÷ (12.55% – 2.95%)
$6,079.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $6,079.69 ÷ (1 + 12.55%)5
$3,366.24
NYSE:X Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $2,193.26 + $3,366.24
$5,559.51
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,559.51 / 177.22
$31.37
NYSE:X Discount to Share Price
Calculation Result
Value per share (USD) From above. $31.37
Current discount Discount to share price of $29.13
= -1 x ($29.13 - $31.37) / $31.37
7.1%

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

Current Discount
Amount off the current price United States Steel is available for.
Intrinsic value
7%
Share price is $29.13 vs Future cash flow value of $31.37
Current Discount Checks
For United States Steel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • United States Steel's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • United States Steel's share price is below the future cash flow value, but not 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?
Raw Data
NYSE:X PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $3.06
NYSE:X Share Price ** NYSE (2018-09-21) in USD $29.13
United States of America Metals and Mining Industry PE Ratio Median Figure of 49 Publicly-Listed Metals and Mining Companies 13.56x
United States of America Market PE Ratio Median Figure of 3,049 Publicly-Listed Companies 20.14x

* 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)

= 29.13 ÷ 3.06

9.52x

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 9.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
0.3%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 29 Publicly-Listed Metals and Mining Companies 1.23x
United States of America Market PEG Ratio Median Figure of 2,046 Publicly-Listed Companies 1.4x

*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

= 9.52x ÷ 0.3%

30.45x

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

  • United States Steel is poor value based on expected growth next year.
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 (2018-06-30) in USD $20.35
NYSE:X Share Price * NYSE (2018-09-21) in USD $29.13
United States of America Metals and Mining Industry PB Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 2.02x
NYSE:X PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 29.13 ÷ 20.35

1.43x

* 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.
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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 3/6, 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

 How is United States Steel expected to perform in the next 1 to 3 years based on estimates from 12 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
0.3%
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 growth is positive but not above the low risk savings rate of 3%.
Growth vs Market Checks
  • United States Steel's earnings growth is positive but not above 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 12 Analysts 0.3%
NYSE:X Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 1.5%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 16.6%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.8%

*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 12 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
2021-12-31
2020-12-31 14,494 1,169 743 7
2019-12-31 14,898 1,538 1,121 12
2018-12-31 14,332 1,286 973 12
NYSE:X Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 13,139 852 538
2018-03-31 12,674 838 585
2017-12-31 12,250 802 387
2017-09-30 11,767 693 123
2017-06-30 11,205 661 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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • United States Steel's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
  • United States Steel's revenue is expected to grow by 1.5% 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 12 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 4.16 4.86 3.64 3.00
2019-12-31 6.28 8.50 3.61 9.00
2018-12-31 5.47 7.03 4.88 8.00
NYSE:X Past Financials Data
Date (Data in USD Millions) EPS *
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
2016-03-31 -13.04
2015-12-31 -11.24
2015-09-30 -1.60

*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%).
X
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 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 (1892.6% vs 35.3%)
  • United States Steel's earnings growth has exceeded the US Metals and Mining industry average in the past year (1892.6% vs 56.7%).
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
2018-06-30 13,139.00 538.00 399.00
2018-03-31 12,674.00 585.00 371.00
2017-12-31 12,250.00 387.00 375.00
2017-09-30 11,767.00 123.00 318.00
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 -440.00 255.00
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

*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 has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
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 5/6, 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 1.9x 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.
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
2018-06-30 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
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
  • United States Steel's level of debt (70.6%) 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 (113.8% vs 70.6% today).
  • Debt is well covered by operating cash flow (33.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
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
0.69%
Current annual income from United States Steel dividends. Estimated to be 0.71% next year.
If you bought $2,000 of United States Steel shares you are expected to receive $14 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 (1.26%).
  • United States Steel's dividend is below the markets top 25% of dividend payers in United States of America (3.3%).
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 12 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1973 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.7%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.3%
United States of America Top 25% Dividend Yield 75th Percentile 3.3%

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 0.21 8.00
2019-12-31 0.21 13.00
2018-12-31 0.21 13.00
NYSE:X Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-08-01 0.200 0.664
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
2008-09-23 1.200 2.406

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 one 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 one for United States of America.
X
Income/ dividend checks
We assess United States Steel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 63
TENURE AS CEO 1.3 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 by more than 20% in the past year.
Management Team Tenure

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

1.3
Average Tenure
52
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
63
TENURE
1.3 yrs

Kevin Bradley

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
55
TENURE
1.2 yrs

Doug Matthews

TITLE
Senior VP of Industrial
COMPENSATION
$2M
AGE
52
TENURE
8.7 yrs

Scott Buckiso

TITLE
Senior Vice President of European Solutions
COMPENSATION
$2M
AGE
51
TENURE
1.3 yrs

Pipasu Soni

TITLE
Vice President of Performance Analytics
COMPENSATION
$965K
AGE
45
TENURE
1.6 yrs

Colleen Darragh

TITLE
VP, Controller & Chief Accounting Officer
AGE
48

Chuck Balawajder

TITLE
Chief Information Officer and Vice President
AGE
62
TENURE
4.8 yrs

Dan Lesnak

TITLE
General Manager of Investor Relations

Duane Holloway

TITLE
Senior VP
TENURE
0.4 yrs

A. Melnkovic

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

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

4.2
Average Tenure
63.5
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
69
TENURE
4.7 yrs

David Burritt

TITLE
President
COMPENSATION
$5M
AGE
63
TENURE
1.3 yrs

Patricia Tracey

TITLE
Director
COMPENSATION
$260K
AGE
67
TENURE
11.4 yrs

Dan Dinges

TITLE
Director
COMPENSATION
$253K
AGE
64
TENURE
8.4 yrs

Murry Gerber

TITLE
Director
COMPENSATION
$240K
AGE
64
TENURE
6.2 yrs

John Engel

TITLE
Director
COMPENSATION
$260K
AGE
56
TENURE
7.4 yrs

Patricia Dennis

TITLE
Director
COMPENSATION
$240K
AGE
71
TENURE
3.7 yrs

Paul Mascarenas

TITLE
Director
COMPENSATION
$240K
AGE
57
TENURE
2.5 yrs

Stephen Girsky

TITLE
Director
COMPENSATION
$240K
AGE
56
TENURE
2.4 yrs

Gene Sperling

TITLE
Director
COMPENSATION
$125K
AGE
59
TENURE
1.2 yrs
Recent Insider Trading
  • No 3 month insider trading information.
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

Is United States Steel Corporation's (NYSE:X) PE Ratio A Signal To Buy For Investors?

This analysis is intended to introduce important early concepts to people who are starting to invest. … While X might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … Check out our latest analysis for United States Steel

Simply Wall St -

Who Are The Top Investors In United States Steel Corporation (NYSE:X)?

In this article, I will take a quick look at United States Steel Corporation’s (NYSE:X) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … NYSE:X Ownership Summary July 16th 18

Simply Wall St -

Is United States Steel Corporation (NYSE:X) A Financially Sound Company?

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as United States Steel Corporation (NYSE:X), with a market cap of US$6.00b, often get neglected by retail investors. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself. … See our latest analysis for United States Steel

Simply Wall St -

What is Behind United States Steel Corporation's (NYSE:X) Superior ROE?

and looking to gauge the potential return on investment in United States Steel Corporation (NYSE:X). … United States Steel Corporation (NYSE:X) delivered an ROE of 17.01% over the past 12 months, which is an impressive feat relative to its industry average of 11.12% during the same period. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden

Simply Wall St -

Is It Time To Sell United States Steel Corporation (NYSE:X) Based Off Its PE Ratio?

which is -112.99678529757784 lower than 11.77x average multiple of the Metals and Mining. … Yes, this cheaper multiple can initially be attractive, but there are many company-specific elements which are not captured in such a static ratio – such as its growth outlook and debt obligations … This article will cover some key aspects we should consider in order to determine the best multiple to be used for

Simply Wall St -

Estimating The Intrinsic Value Of United States Steel Corporation (NYSE:X)

by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

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 -

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
$5,162,519,855
177,223,476
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: 2018/09/22 21:09
End of day share price update: 2018/09/21 00:00
Last estimates confirmation: 2018/09/21
Last earnings filing: 2018/08/02
Last earnings reported: 2018/06/30
Last annual earnings reported: 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.