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How to buy Schnitzer Steel Industries stock

Own Schnitzer Steel Industries stock in just a few minutes.

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 0.00.

How to buy shares in Schnitzer Steel Industries

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – SCHN – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Schnitzer Steel Industries share price

Use our graph to track the performance of SCHN stocks over time.

Schnitzer Steel Industries shares at a glance

Information last updated 2021-04-23.
52-week range$12.56 - $46.64
50-day moving average $41.34
200-day moving average $31.71
Wall St. target price$34.00
PE ratio 21.6029
Dividend yield $0.75 (1.78%)
Earnings per share (TTM) $2.04

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Schnitzer Steel Industries stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Schnitzer Steel Industries under- or over-valued?

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 P/E ratio

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 22x. In other words, Schnitzer Steel Industries shares trade at around 22x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Schnitzer Steel Industries's PEG ratio

Schnitzer Steel Industries's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.9589. 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

Schnitzer Steel Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $154.2 million.

The EBITDA is a measure of a Schnitzer Steel Industries's overall financial performance and is widely used to measure a its profitability.

Schnitzer Steel Industries financials

Revenue TTM $2 billion
Operating margin TTM 4.86%
Gross profit TTM $208.6 million
Return on assets TTM 4.57%
Return on equity TTM 8.56%
Profit margin 2.94%
Book value $26.58
Market capitalisation $1.2 billion

TTM: trailing 12 months

Shorting Schnitzer Steel Industries shares

There are currently 475,496 Schnitzer Steel Industries shares held short by investors – that's known as Schnitzer Steel Industries's "short interest". This figure is 18.1% down from 580,837 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)

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 362974.04580153). Schnitzer Steel Industries's SIR currently stands at 1.31. In other words for every 100,000 Schnitzer Steel Industries shares traded daily on the market, roughly 1310 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 0.02% of the outstanding shares (for every 100,000 Schnitzer Steel Industries shares in existence, roughly 20 shares are currently held short) or 0.023% of the tradable shares (for every 100,000 tradable Schnitzer Steel Industries shares, roughly 23 shares are currently held short).

Such a low SIR usually points to an 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.

Schnitzer Steel Industries share dividends

31%

Dividend payout ratio: 31.38% of net profits

Recently Schnitzer Steel Industries has paid out, on average, around 31.38% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.78% 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 1.78% 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.

While Schnitzer Steel Industries's payout ratio might seem fairly standard, it's worth remembering that Schnitzer Steel Industries may be investing much of the rest of its net profits in future growth.

Schnitzer Steel Industries's most recent dividend payout was on 2 May 2021. The latest dividend was paid out to all shareholders who bought their shares by 15 April 2021 (the "ex-dividend date").

Have Schnitzer Steel Industries's shares ever split?

Schnitzer Steel Industries's shares were split on a 3:2 basis on 25 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.

Schnitzer Steel Industries share price volatility

Over the last 12 months, Schnitzer Steel Industries's shares have ranged in value from as little as $12.5604 up to $46.6428. A popular way to gauge a stock's volatility is its "beta".

SCHN.US volatility(beta: 1.38)Avg. volatility(beta: 1.00)LowHigh

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 1.3811. 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 overview

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.

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