STEEL DYNAMICS, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 125.5 USD | -2.20% |
|
-6.24% | +6.28% |
| Jun. 05 | Wolfe Research Adjusts Price Target on Steel Dynamics to $112 From $108, Keeps Underperform Rating | MT |
| Jun. 03 | A rate cut is finally in sight |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,334 | 7,756 | 12,318 | 17,153 | 19,111 | 19,723 | - | - |
| Enterprise Value (EV) 1 | 8,425 | 9,490 | 14,180 | 17,967 | 20,059 | 21,137 | 20,254 | 18,565 |
| P/E ratio | 11.2 x | 14.2 x | 3.99 x | 4.67 x | 8.07 x | 10.4 x | 11.9 x | 11 x |
| Yield | 2.82% | 2.71% | 1.68% | 1.39% | 1.44% | 1.45% | 1.51% | 1.5% |
| Capitalization / Revenue | 0.7 x | 0.81 x | 0.67 x | 0.77 x | 1.02 x | 1.08 x | 1.09 x | 1.04 x |
| EV / Revenue | 0.8 x | 0.99 x | 0.77 x | 0.81 x | 1.07 x | 1.16 x | 1.12 x | 0.98 x |
| EV / EBITDA | 6.44 x | 7.96 x | 3.05 x | 3.28 x | 5.48 x | 7.1 x | 7.63 x | 6.17 x |
| EV / FCF | 8.92 x | -45 x | 11.8 x | 5.06 x | 10.8 x | 49.6 x | 15.6 x | 10.6 x |
| FCF Yield | 11.2% | -2.22% | 8.45% | 19.8% | 9.28% | 2.02% | 6.43% | 9.47% |
| Price to Book | 1.84 x | 1.8 x | 2.02 x | 2.2 x | 2.13 x | 2.03 x | 1.83 x | 1.51 x |
| Nbr of stocks (in thousands) | 215,452 | 210,366 | 198,451 | 175,571 | 161,816 | 157,133 | - | - |
| Reference price 2 | 34.04 | 36.87 | 62.07 | 97.70 | 118.1 | 125.5 | 125.5 | 125.5 |
| Announcement Date | 1/22/20 | 1/25/21 | 1/24/22 | 1/25/23 | 1/23/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,485 | 9,601 | 18,409 | 22,261 | 18,795 | 18,242 | 18,091 | 19,022 |
| EBITDA 1 | 1,308 | 1,192 | 4,649 | 5,476 | 3,663 | 2,976 | 2,654 | 3,011 |
| EBIT 1 | 986.9 | 866.6 | 4,301 | 5,092 | 3,151 | 2,557 | 2,278 | 2,516 |
| Operating Margin | 9.41% | 9.03% | 23.36% | 22.87% | 16.77% | 14.02% | 12.59% | 13.22% |
| Earnings before Tax (EBT) 1 | 875.3 | 705.5 | 4,209 | 5,021 | 3,219 | 2,500 | 2,192 | 2,421 |
| Net income 1 | 671.1 | 550.8 | 3,214 | 3,863 | 2,451 | 1,893 | 1,647 | 1,830 |
| Net margin | 6.4% | 5.74% | 17.46% | 17.35% | 13.04% | 10.38% | 9.11% | 9.62% |
| EPS 2 | 3.040 | 2.590 | 15.56 | 20.92 | 14.64 | 12.06 | 10.51 | 11.40 |
| Free Cash Flow 1 | 944.3 | -211 | 1,198 | 3,552 | 1,862 | 426.1 | 1,301 | 1,758 |
| FCF margin | 9.01% | -2.2% | 6.51% | 15.95% | 9.91% | 2.34% | 7.19% | 9.24% |
| FCF Conversion (EBITDA) | 72.2% | - | 25.77% | 64.86% | 50.83% | 14.32% | 49.04% | 58.4% |
| FCF Conversion (Net income) | 140.72% | - | 37.27% | 91.94% | 75.97% | 22.51% | 78.99% | 96.12% |
| Dividend per Share 2 | 0.9600 | 1.000 | 1.040 | 1.360 | 1.700 | 1.817 | 1.889 | 1.882 |
| Announcement Date | 1/22/20 | 1/25/21 | 1/24/22 | 1/25/23 | 1/23/24 | - | - | - |
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 | 5,311 | 5,570 | 6,213 | 5,652 | 4,826 | 4,893 | 5,082 | 4,587 | 4,233 | 4,694 | 4,640 | 4,548 | 4,377 | 4,733 | 4,708 |
| EBITDA 1 | 1,515 | 1,556 | 1,714 | 1,319 | 861.3 | 949.7 | 1,172 | 876.1 | 658.7 | 863.8 | 771.6 | 674.3 | 616 | 678 | 664.5 |
| EBIT 1 | 1,429 | 1,495 | 1,618 | 1,220 | 759 | 835.4 | 1,064 | 733.6 | 518.5 | 751 | 635.8 | 570.5 | 527.8 | 630.7 | 636.1 |
| Operating Margin | 26.91% | 26.84% | 26.04% | 21.58% | 15.73% | 17.07% | 20.93% | 15.99% | 12.25% | 16% | 13.7% | 12.54% | 12.06% | 13.33% | 13.51% |
| Earnings before Tax (EBT) 1 | 1,409 | 1,458 | 1,596 | 1,208 | 758.4 | 847.8 | 1,074 | 754.6 | 542.2 | 765.8 | 632.5 | 531.4 | 482.9 | 554.2 | 619.9 |
| Net income 1 | 1,091 | 1,104 | 1,210 | 914.3 | 634.9 | 637.3 | 812.1 | 577.2 | 424.3 | 584 | 473.6 | 425.1 | 383 | 411.1 | 461.1 |
| Net margin | 20.53% | 19.82% | 19.47% | 16.18% | 13.15% | 13.02% | 15.98% | 12.58% | 10.02% | 12.44% | 10.21% | 9.35% | 8.75% | 8.69% | 9.79% |
| EPS 2 | 5.490 | 5.710 | 6.440 | 5.030 | 3.610 | 3.700 | 4.810 | 3.470 | 2.610 | 3.670 | 3.195 | 2.809 | 2.534 | 2.960 | 3.321 |
| Dividend per Share 2 | 0.2600 | 0.3400 | 0.3400 | 0.3400 | 0.3400 | 0.4250 | 0.4250 | 0.4250 | 0.4250 | 0.4600 | 0.4483 | 0.4483 | 0.4483 | 0.4425 | 0.4250 |
| Announcement Date | 1/24/22 | 4/20/22 | 7/20/22 | 10/19/22 | 1/25/23 | 4/19/23 | 7/19/23 | 10/18/23 | 1/23/24 | 4/23/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,091 | 1,734 | 1,862 | 814 | 949 | 1,414 | 531 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 1,158 |
| Leverage (Debt/EBITDA) | 0.8339 x | 1.454 x | 0.4005 x | 0.1486 x | 0.2591 x | 0.475 x | 0.1999 x | - |
| Free Cash Flow 1 | 944 | -211 | 1,198 | 3,552 | 1,862 | 426 | 1,301 | 1,759 |
| ROE (net income / shareholders' equity) | 16.8% | 13.1% | 60.4% | 53.5% | 28.8% | 19.9% | 14.5% | 13.9% |
| ROA (Net income/ Total Assets) | 8.4% | 6.28% | 29.5% | - | 16.9% | 11.3% | 9.15% | - |
| Assets 1 | 7,990 | 8,771 | 10,898 | - | 14,534 | 16,759 | 18,013 | - |
| Book Value Per Share 2 | 18.50 | 20.50 | 30.70 | 44.30 | 55.40 | 61.70 | 68.70 | 83.10 |
| Cash Flow per Share 2 | 6.330 | 4.650 | 10.70 | 24.20 | 21.00 | 14.40 | 12.70 | 11.90 |
| Capex 1 | 452 | 993 | 1,006 | 909 | 1,658 | 1,980 | 739 | 631 |
| Capex / Sales | 4.31% | 10.34% | 5.47% | 4.08% | 8.82% | 10.85% | 4.08% | 3.32% |
| Announcement Date | 1/22/20 | 1/25/21 | 1/24/22 | 1/25/23 | 1/23/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
125.5
USD
Average target price
137.7
USD
Spread / Average Target
+9.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.28% | 19.72B | |
| -7.49% | 38.6B | |
| -22.62% | 21.28B | |
| -9.29% | 20.72B | |
| +5.42% | 19.82B | |
| +6.74% | 9.28B | |
| -21.34% | 8.6B | |
| -.--% | 7.73B | |
| +22.20% | 7.56B | |
| -22.62% | 7.51B |
- Stock Market
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- Financials Steel Dynamics, Inc.
