Steel Dynamics Inc
NASDAQ:STLD
Intrinsic Value
Steel Dynamics, Inc. engages in the manufacture of steel products and metal recycling. [ Read More ]
The intrinsic value of one STLD stock under the Base Case scenario is 97.36 USD. Compared to the current market price of 148.23 USD, Steel Dynamics Inc is Overvalued by 34%.
Valuation Backtest
Steel Dynamics Inc
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Fundamental Analysis
Steel Dynamics Posts Strong 2023 Performance
2023-Q4 Earnings Call
Steel Dynamics celebrated a safe and financially robust 2023, with the lowest incident rate recorded and steel shipments peaking at 12.8 million tons. Revenue was $18.8 billion, second to their best year ever, and operations cash flow reached $3.5 billion. Net income hit $2.5 billion, bolstered by a 32% after-tax return on invested capital. Forecasting ahead, investments are set to rise to $2 billion in 2024, mainly focusing on aluminum. The company announced four additional flat-rolled coating lines to boost their value-added product mix by a million tons. To benefit shareholders, a $1.5 billion share repurchase program was initiated, marking a substantial increase in dividends since 2017.
Balance Sheet Decomposition
Steel Dynamics Inc
Current Assets | 6.8B |
Cash & Short-Term Investments | 2.1B |
Receivables | 1.6B |
Other Current Assets | 3.1B |
Non-Current Assets | 8.1B |
PP&E | 6.9B |
Intangibles | 735.2m |
Other Non-Current Assets | 523.6m |
Current Liabilities | 2.3B |
Accounts Payable | 1.1B |
Accrued Liabilities | 778.5m |
Other Current Liabilities | 465.5m |
Non-Current Liabilities | 3.7B |
Long-Term Debt | 2.6B |
Other Non-Current Liabilities | 1.1B |
Earnings Waterfall
Steel Dynamics Inc
Revenue
|
18.8B
USD
|
Cost of Revenue
|
-14.7B
USD
|
Gross Profit
|
4B
USD
|
Operating Expenses
|
-894.7m
USD
|
Operating Income
|
3.2B
USD
|
Other Expenses
|
-700.3m
USD
|
Net Income
|
2.5B
USD
|
Free Cash Flow Analysis
Steel Dynamics Inc
What is Free Cash Flow?
STLD Profitability Score
Profitability Due Diligence
Steel Dynamics Inc's profitability score is 69/100. The higher the profitability score, the more profitable the company is.
Score
Steel Dynamics Inc's profitability score is 69/100. The higher the profitability score, the more profitable the company is.
STLD Solvency Score
Solvency Due Diligence
Steel Dynamics Inc's solvency score is 85/100. The higher the solvency score, the more solvent the company is.
Score
Steel Dynamics Inc's solvency score is 85/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
STLD Price Targets Summary
Steel Dynamics Inc
According to Wall Street analysts, the average 1-year price target for STLD is 117.19 USD with a low forecast of 75.75 USD and a high forecast of 136.5 USD.
Ownership
STLD Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
STLD Price
Steel Dynamics Inc
Average Annual Return | 34.76% |
Standard Deviation of Annual Returns | 35.05% |
Max Drawdown | -56% |
Market Capitalization | 23.7B USD |
Shares Outstanding | 158 155 008 |
Percentage of Shares Shorted | 3.43% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Steel Dynamics, Inc. engages in the manufacture of steel products and metal recycling. The company is headquartered in Fort Wayne, Indiana and currently employs 10,640 full-time employees. The firm's segments include Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment include the Company’s six operating electric arc furnace steel mills, including Butler Flat Roll Division, Columbus Flat Roll Division, Structural and Rail Division, Engineered Bar Products Division, Roanoke Bar Division, and Steel of West Virginia, and its under construction Southwest-Sinton Flat Roll Division; steel coating and processing operations, Heartland Flat Roll Division, United Steel Supply (USS), and Vulcan Threaded Products, Inc. The Metals Recycling Operations Segment includes the OmniSource ferrous and nonferrous processing, transportation, brokerage, and scrap management services. The Steel Fabrication Operations Segment includes the New Millennium Building Systems joist and deck plants located throughout the United States, and in Northern Mexico.
Contact
IPO
Employees
Officers
The intrinsic value of one STLD stock under the Base Case scenario is 97.36 USD.
Compared to the current market price of 148.23 USD, Steel Dynamics Inc is Overvalued by 34%.