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How to buy Schnitzer Steel Industries stock | $31.91

Own Schnitzer Steel Industries stock in just a few minutes.

Fact checked

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.

How to buy shares in Schnitzer Steel Industries

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Schnitzer Steel Industries. Find the stock by name or ticker symbol: SCHN. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Schnitzer Steel Industries reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$31.91, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Schnitzer Steel Industries, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Schnitzer Steel Industries. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect 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 2020-12-31.
Latest market closeUSD$31.91
52-week rangeUSD$9.7796 - USD$32.06
50-day moving average USD$27.6212
200-day moving average USD$21.3461
Wall St. target priceUSD$31
PE ratio 161.9583
Dividend yield USD$0.75 (2.48%)
Earnings per share (TTM) USD$0.126

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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.

Schnitzer Steel Industries price performance over time

Historical closes compared with the close of $31.91 from 2020-12-31

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%

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 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 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 1.5488. 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

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.

Schnitzer Steel Industries financials

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%
Profit margin -0.24%
Book value $24.971
Market capitalisation USD$853 million

TTM: trailing 12 months

Shorting Schnitzer Steel Industries shares

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)

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.

Schnitzer Steel Industries share dividends

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").

Have Schnitzer Steel Industries's shares ever split?

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.

Schnitzer Steel Industries share price volatility

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".

SCHN.US volatility(beta: 1.36)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 1.3601. 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 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. 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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