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Schnitzer Steel Industries, Inc is a steel business based in the US. Schnitzer Steel Industries shares (SCHN) are listed on the NASDAQ and all prices are listed in US Dollars. Schnitzer Steel Industries employs 3,032 staff and has a trailing 12-month revenue of around USD$1.7 billion.
|Latest market close||USD$31.91|
|52-week range||USD$9.7796 - USD$32.06|
|50-day moving average||USD$27.6212|
|200-day moving average||USD$21.3461|
|Wall St. target price||USD$31|
|Dividend yield||USD$0.75 (2.48%)|
|Earnings per share (TTM)||USD$0.126|
|1 week (2021-01-08)||-14.17%|
|1 month (2020-12-15)||2.80%|
|3 months (2020-10-15)||49.88%|
|6 months (2020-07-15)||80.79%|
|1 year (2020-01-15)||53.49%|
|2 years (2019-01-15)||45.31%|
|3 years (2018-01-15)||N/A|
|5 years (2016-01-15)||166.81%|
Valuing Schnitzer Steel Industries stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Schnitzer Steel Industries's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Schnitzer Steel Industries's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 162x. In other words, Schnitzer Steel Industries shares trade at around 162x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Schnitzer Steel Industries's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.5488. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Schnitzer Steel Industries's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Schnitzer Steel Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$78.9 million.
The EBITDA is a measure of a Schnitzer Steel Industries's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$1.7 billion|
|Operating margin TTM||1.21%|
|Gross profit TTM||USD$208.6 million|
|Return on assets TTM||1.09%|
|Return on equity TTM||-0.31%|
|Market capitalisation||USD$853 million|
TTM: trailing 12 months
There are currently 878,610 Schnitzer Steel Industries shares held short by investors – that's known as Schnitzer Steel Industries's "short interest". This figure is 15.5% up from 760,380 last month.
There are a few different ways that this level of interest in shorting Schnitzer Steel Industries shares can be evaluated.
Schnitzer Steel Industries's "short interest ratio" (SIR) is the quantity of Schnitzer Steel Industries shares currently shorted divided by the average quantity of Schnitzer Steel Industries shares traded daily (recently around 172614.93123772). Schnitzer Steel Industries's SIR currently stands at 5.09. In other words for every 100,000 Schnitzer Steel Industries shares traded daily on the market, roughly 5090 shares are currently held short.
However Schnitzer Steel Industries's short interest can also be evaluated against the total number of Schnitzer Steel Industries shares, or, against the total number of tradable Schnitzer Steel Industries shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Schnitzer Steel Industries's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Schnitzer Steel Industries shares in existence, roughly 30 shares are currently held short) or 0.0434% of the tradable shares (for every 100,000 tradable Schnitzer Steel Industries shares, roughly 43 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Schnitzer Steel Industries.
Find out more about how you can short Schnitzer Steel Industries stock.
Dividend payout ratio: 127.12% of net profits
Recently Schnitzer Steel Industries has paid out, on average, around 127.12% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.48% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Schnitzer Steel Industries shareholders could enjoy a 2.48% return on their shares, in the form of dividend payments. In Schnitzer Steel Industries's case, that would currently equate to about $0.75 per share.
Schnitzer Steel Industries's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Schnitzer Steel Industries's most recent dividend payout was on 16 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 30 October 2020 (the "ex-dividend date").
Schnitzer Steel Industries's shares were split on a 3:2 basis on 26 March 2004. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Schnitzer Steel Industries shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Schnitzer Steel Industries shares which in turn could have impacted Schnitzer Steel Industries's share price.
Over the last 12 months, Schnitzer Steel Industries's shares have ranged in value from as little as $9.7796 up to $32.06. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Schnitzer Steel Industries's is 1.3601. This would suggest that Schnitzer Steel Industries's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Schnitzer Steel Industries, Inc. recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company operates in two segments, Auto and Metals Recycling (AMR), and Cascade Steel and Scrap (CSS). The AMR segment acquires, processes, and recycles scrap metals, as well as processes mixed and large pieces of scrap metal into smaller pieces by crushing, torching, shearing, shredding, and sorting. This segment offers ferrous recycled scrap metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, and shredded insulated wires, as well as aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys. It sells catalytic converters to specialty processors that extract the nonferrous precious metals, including platinum, palladium, and rhodium; and ferrous and nonferrous recycled metal products to steel mills, foundries, refineries, smelters, wholesalers, and recycled metal processors. This segment also procures salvaged vehicles and sells serviceable used auto parts from these vehicles through its 50 self-service auto parts stores in the United States and Western Canada, as well as sells auto bodies. The CSS segment produces various finished steel products using ferrous recycled scrap metal and other raw materials. It provides semi-finished goods, which include billets; and finished goods consisting of rebar, coiled rebar, wire rods, merchant bars, and other specialty products. This segment serves steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and farm and wood products suppliers. Schnitzer Steel Industries, Inc. was founded in 1906 and is headquartered in Portland, Oregon.
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