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Steel Dynamics Inc
NASDAQ:STLD

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Steel Dynamics Inc Logo
Steel Dynamics Inc
NASDAQ:STLD
Watchlist
Price: 148.23 USD 0.84%
Updated: Mar 29, 2024

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%.

Key Points:
STLD Intrinsic Value
Base Case
97.36 USD
Overvaluation 34%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Steel Dynamics Inc

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Fundamental Analysis

Steel Dynamics Posts Strong 2023 Performance
2023-Q4 Earnings Call

Steel Dynamics Posts Strong 2023 Performance

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

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.

Exceptional 3-Year Average ROE
Exceptional 3-Year Average ROIC
Exceptional 3-Years Revenue Growth
ROE is Increasing
69/100
Profitability
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.

High Interest Coverage
High Altman Z-Score
Low D/E
Short-Term Solvency
85/100
Solvency
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

Wall Street analysts forecast STLD stock price to drop over the next 12 months.

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.

Lowest
Price Target
75.75 USD
49% Downside
Average
Price Target
117.19 USD
21% Downside
Highest
Price Target
136.5 USD
8% Downside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

STLD Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

STLD Price
Steel Dynamics Inc

1M 1M
+11%
6M 6M
+38%
1Y 1Y
+35%
3Y 3Y
+210%
5Y 5Y
+364%
10Y 10Y
+929%
Annual Price Range
148.23
52w Low
91.9
52w High
148.23
Price Metrics
Average Annual Return 34.76%
Standard Deviation of Annual Returns 35.05%
Max Drawdown -56%
Shares Statistics
Market Capitalization 23.7B USD
Shares Outstanding 158 155 008
Percentage of Shares Shorted 3.43%

STLD Return Decomposition
Main factors of price return

What is price return decomposition?

STLD News

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Company Profile

Steel Dynamics Inc Logo
Steel Dynamics Inc

Country

United States of America

Industry

Metals & Mining

Market Cap

23.7B USD

Dividend Yield

1.25%

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

INDIANA
Fort Wayne
7575 W Jefferson Blvd
+12604593553.0
http://www.steeldynamics.com/

IPO

1996-11-22

Employees

10 640

Officers

Chairman, Co-Founder & CEO
Mr. Mark D. Millett
President & COO
Mr. Barry T. Schneider
Co-Founder & Director
Mr. Richard P. Teets Jr.
Executive VP, CFO & Company Secretary
Ms. Theresa E. Wagler
Senior Vice President of Special Projects
Mr. Glenn A. Pushis
Senior Vice President of Flat Roll Steel Group
Mr. Christopher A. Graham
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Director of Investor Relations
Marlene Owen
Vice President of Human Resources & Safety
Mr. Jeff Hansen
Senior Vice President of Steel Fabrication
Mr. James S. Anderson
Senior Vice President of Metals Recycling
Mr. Miguel Alvarez
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See Also

Discover More
What is the Intrinsic Value of one STLD stock?

The intrinsic value of one STLD stock under the Base Case scenario is 97.36 USD.

Is STLD stock undervalued or overvalued?

Compared to the current market price of 148.23 USD, Steel Dynamics Inc is Overvalued by 34%.