Steel Dynamics, Inc is a steel business based in the US. Steel Dynamics shares (STLD.US) are listed on the NASDAQ and all prices are listed in US Dollars. Steel Dynamics employs 8,385 staff and has a trailing 12-month revenue of around $9.4 billion.
|Latest market close||$N/A|
|52-week range||$14.4279 - $42.1|
|50-day moving average||$38.4124|
|200-day moving average||$32.6244|
|Wall St. target price||$40.64|
|Dividend yield||$1 (2.58%)|
|Earnings per share (TTM)||$2.275|
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Valuing Steel Dynamics stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Steel Dynamics's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Steel Dynamics's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 17x. In other words, Steel Dynamics shares trade at around 17x 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.
Steel Dynamics's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 10.9053. 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 Steel Dynamics's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Steel Dynamics's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.1 billion.
The EBITDA is a measure of a Steel Dynamics's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$9.4 billion|
|Operating margin TTM||8.24%|
|Gross profit TTM||$1.5 billion|
|Return on assets TTM||5.81%|
|Return on equity TTM||12.07%|
|Market capitalisation||$8.1 billion|
TTM: trailing 12 months
There are currently 4.2 million Steel Dynamics shares held short by investors – that's known as Steel Dynamics's "short interest". This figure is 7% up from 3.9 million last month.
There are a few different ways that this level of interest in shorting Steel Dynamics shares can be evaluated.
Steel Dynamics's "short interest ratio" (SIR) is the quantity of Steel Dynamics shares currently shorted divided by the average quantity of Steel Dynamics shares traded daily (recently around 1.8 million). Steel Dynamics's SIR currently stands at 2.36. In other words for every 100,000 Steel Dynamics shares traded daily on the market, roughly 2360 shares are currently held short.
However Steel Dynamics's short interest can also be evaluated against the total number of Steel Dynamics shares, or, against the total number of tradable Steel Dynamics shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Steel Dynamics's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Steel Dynamics shares in existence, roughly 20 shares are currently held short) or 0.0235% of the tradable shares (for every 100,000 tradable Steel Dynamics shares, roughly 24 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 Steel Dynamics.
Find out more about how you can short Steel Dynamics stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Steel Dynamics.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 39.48
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Steel Dynamics's overall score of 39.48 (as at 01/01/2019) is pretty weak – landing it in it in the 78th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Steel Dynamics is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 19.6/100
Steel Dynamics's environmental score of 19.6 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that Steel Dynamics is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 22.22/100
Steel Dynamics's social score of 22.22 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that Steel Dynamics is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 12.66/100
Steel Dynamics's governance score puts it squarely in the 9th percentile of companies rated in the same sector. That could suggest that Steel Dynamics is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, Steel Dynamics scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Steel Dynamics has, for the most part, managed to keep its nose clean.
|Total ESG score||39.48|
|Total ESG percentile||78.04|
|Environmental score percentile||9|
|Social score percentile||9|
|Governance score percentile||9|
|Level of controversy||2|
Dividend payout ratio: 40.32% of net profits
Recently Steel Dynamics has paid out, on average, around 40.32% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.58% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Steel Dynamics shareholders could enjoy a 2.58% return on their shares, in the form of dividend payments. In Steel Dynamics's case, that would currently equate to about $1 per share.
While Steel Dynamics's payout ratio might seem fairly standard, it's worth remembering that Steel Dynamics may be investing much of the rest of its net profits in future growth.
Steel Dynamics's most recent dividend payout was on 15 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 30 December 2020 (the "ex-dividend date").
Steel Dynamics's shares were split on a 2:1 basis on 31 March 2008. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Steel Dynamics shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Steel Dynamics shares which in turn could have impacted Steel Dynamics's share price.
Over the last 12 months, Steel Dynamics's shares have ranged in value from as little as $14.4279 up to $42.1. 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 Steel Dynamics's is 1.4091. This would suggest that Steel Dynamics's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections. This segment is also involved in the turning, polishing, straightening, chamfering, threading, precision saw-cutting, cold drawing, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, and coating of beams, channels, and specialty steel sections. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube industry sectors. This segment sells its products directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment engages in the purchase, process, and resale of ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel deck products for non-residential steel fabricators. The company also exports its products. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.
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