Financials Nucor Corporation

Equities

NUE

US6703461052

Iron & Steel

Real-time Estimate Cboe BZX Other stock markets 10:22:00 2024-05-22 am EDT			5-day change	1st Jan Change
171.9 ^USD	-0.15%		-2.78%	-1.56%

May. 20	Jefferies Initiates Nucor at Hold Rating With $190 Price Target	MT
May. 10	Nucor Corporation Announces Executive Changes	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	17,065	16,060	31,083	33,815	42,786	41,268	-	-
Enterprise Value (EV) ¹	19,613	18,353	34,150	35,649	42,497	42,813	41,514	39,088
P/E ratio	13.6 x	22.5 x	4.93 x	4.58 x	9.67 x	13.9 x	12.8 x	12.7 x
Yield	2.85%	3.03%	1.5%	1.52%	1.19%	1.26%	1.27%	1.29%
Capitalization / Revenue	0.76 x	0.8 x	0.85 x	0.81 x	1.23 x	1.29 x	1.26 x	1.19 x
EV / Revenue	0.87 x	0.91 x	0.94 x	0.86 x	1.22 x	1.33 x	1.27 x	1.13 x
EV / EBITDA	7.25 x	10.3 x	3.34 x	3.11 x	5.73 x	7.78 x	7.3 x	6.5 x
EV / FCF	14.7 x	15.9 x	7.41 x	4.39 x	8.68 x	33 x	19.8 x	11.7 x
FCF Yield	6.79%	6.29%	13.5%	22.8%	11.5%	3.03%	5.05%	8.52%
Price to Book	1.64 x	1.5 x	2.39 x	1.81 x	2.04 x	1.85 x	1.66 x	1.51 x
Nbr of stocks (in thousands)	303,215	301,929	272,299	256,544	245,839	239,762	-	-
Reference price ²	56.28	53.19	114.2	131.8	174.0	172.1	172.1	172.1
Announcement Date	1/28/20	1/28/21	1/27/22	1/26/23	1/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	22,589	20,140	36,484	41,512	34,714	32,074	32,634	34,726
EBITDA ¹	2,706	1,774	10,224	11,477	7,411	5,501	5,690	6,013
EBIT ¹	1,971	988.7	9,360	10,415	6,243	4,361	4,541	4,570
Operating Margin	8.73%	4.91%	25.65%	25.09%	17.98%	13.6%	13.91%	13.16%
Earnings before Tax (EBT) ¹	1,783	835.5	9,201	10,245	6,273	4,476	4,530	4,593
Net income ¹	1,271	721.5	6,827	7,607	4,525	3,071	3,339	3,263
Net margin	5.63%	3.58%	18.71%	18.33%	13.03%	9.57%	10.23%	9.4%
EPS ²	4.140	2.360	23.16	28.79	18.00	12.41	13.42	13.56
Free Cash Flow ¹	1,332	1,154	4,609	8,124	4,898	1,298	2,096	3,330
FCF margin	5.9%	5.73%	12.63%	19.57%	14.11%	4.05%	6.42%	9.59%
FCF Conversion (EBITDA)	49.23%	65.02%	45.08%	70.79%	66.09%	23.6%	36.83%	55.37%
FCF Conversion (Net income)	104.8%	159.9%	67.5%	106.79%	108.25%	42.28%	62.77%	102.04%
Dividend per Share ²	1.602	1.612	1.715	2.010	2.070	2.161	2.193	2.212
Announcement Date	1/28/20	1/28/21	1/27/22	1/26/23	1/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	10,364	10,493	11,794	10,501	8,724	8,710	9,523	8,776	7,705	8,137	8,016	7,863	7,552	8,415	8,858
EBITDA ¹	3,289	3,178	3,796	2,655	1,848	1,887	2,215	1,825	1,359	1,503	1,405	1,346	1,226	1,407	1,493
EBIT ¹	3,048	2,810	3,382	2,261	1,560	1,607	2,048	1,534	1,048	1,188	1,065	1,069	958.4	1,249	1,322
Operating Margin	29.41%	26.78%	28.68%	21.53%	17.89%	18.45%	21.51%	17.48%	13.6%	14.59%	13.29%	13.6%	12.69%	14.84%	14.93%
Earnings before Tax (EBT) ¹	3,008	2,898	3,490	2,323	1,533	1,597	2,050	1,548	1,078	1,225	1,065	1,049	944.6	1,246	1,319
Net income ¹	2,250	2,096	2,561	1,695	1,256	1,137	1,461	1,142	785.4	844.8	726.6	724.4	648.4	881.7	919.1
Net margin	21.71%	19.97%	21.72%	16.14%	14.39%	13.05%	15.35%	13.01%	10.19%	10.38%	9.06%	9.21%	8.59%	10.48%	10.38%
EPS ²	7.970	7.670	9.670	6.500	4.890	4.450	5.810	4.570	3.160	3.460	3.125	2.937	2.418	2.988	3.365
Dividend per Share ²	0.5000	0.5000	0.5000	0.5000	0.5100	0.5100	0.5100	0.5100	0.5400	-	0.5400	0.5400	0.5400	0.5600	0.5600
Announcement Date	1/27/22	4/21/22	7/21/22	10/20/22	1/26/23	4/20/23	7/24/23	10/23/23	1/29/24	4/22/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	2,548	2,293	3,067	1,834	-	1,546	246	-
Net Cash position ¹	-	-	-	-	289	-	-	2,179
Leverage (Debt/EBITDA)	0.9418 x	1.292 x	0.3 x	0.1598 x	-	0.2809 x	0.0433 x	-
Free Cash Flow ¹	1,332	1,154	4,609	8,124	4,898	1,298	2,096	3,330
ROE (net income / shareholders' equity)	12.6%	6.82%	55%	46.9%	23%	13.6%	12.6%	11.4%
ROA (Net income/ Total Assets)	7.01%	3.75%	29.7%	-	13.3%	8.29%	8.58%	-
Assets ¹	18,133	19,235	22,974	-	33,910	37,030	38,934	-
Book Value Per Share ²	34.30	35.60	47.80	72.80	85.50	92.80	104.0	114.0
Cash Flow per Share ²	9.200	8.890	21.20	38.30	28.40	21.70	20.30	21.70
Capex ¹	1,477	1,543	1,622	1,948	2,214	3,452	2,568	1,994
Capex / Sales	6.54%	7.66%	4.45%	4.69%	6.38%	10.76%	7.87%	5.74%
Announcement Date	1/28/20	1/28/21	1/27/22	1/26/23	1/29/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Nucor Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

172.1 USD

Average target price

202.9 USD

Spread / Average Target

+17.87%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Steel

	1st Jan change	Capi.
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STEEL DYNAMICS, INC.	+13.76%	21.11B
NIPPON STEEL CORPORATION	+2.29%	19.76B
JFE HOLDINGS, INC.	+4.85%	9.43B
CLEVELAND-CLIFFS INC.	-14.25%	8.33B
STEEL AUTHORITY OF INDIA LIMITED	+37.20%	8.65B
UNITED STATES STEEL CORPORATION	-25.67%	8.13B

Other Steel