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Commercial Metals Co Stock Research

CMC

44.89USD+0.39(+0.88%)Market Closed

Market Summary

USD44.89+0.39
Market Closed
0.88%

CMC Alerts

CMC Stock Price

CMC RSI Chart

CMC Valuation

Market Cap

5.3B

Price/Earnings (Trailing)

5.05

Price/Sales (Trailing)

0.57

EV/EBITDA

3.68

Price/Free Cashflow

8.01

CMC Price/Sales (Trailing)

CMC Profitability

EBT Margin

17.38%

Return on Equity

34.77%

Return on Assets

19.86%

Free Cashflow Yield

12.49%

CMC Fundamentals

CMC Revenue

Revenue (TTM)

9.2B

Revenue Y/Y

0.45%

Revenue Q/Q

-9.4%

CMC Earnings

Earnings (TTM)

1.0B

Earnings Y/Y

-53.08%

Earnings Q/Q

-31.3%

Price Action

52 Week Range

31.3658.09
(Low)(High)

Last 7 days

-0.4%

Last 30 days

-0.8%

Last 90 days

-13.9%

Trailing 12 Months

11.8%

CMC Financial Health

Current Ratio

2.99

Debt/Equity

0.31

Debt/Cashflow

0.96

CMC Investor Care

Dividend Yield

1.34%

Dividend/Share (TTM)

0.6

Buy Backs (1Y)

3.50%

Diluted EPS (TTM)

8.65

Peers (Alternatives to Commercial Metals)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
61.8B
10.1B
-10.90% 12.75%
23.34
6.15
-9.74% -22.37%
60.3B
21.6B
-6.73% -8.68%
13.46
2.65
-12.33% -16.51%
38.3B
39.7B
-5.79% 2.78%
5.03
0.92
-0.58% -16.70%
32.3B
11.6B
-13.72% -40.31%
-61.41
2.79
-6.48% -149.86%
16.5B
22.3B
-6.37% 13.92%
4.26
0.74
20.92% 19.49%
MID-CAP
7.4B
22.3B
-3.23% -38.79%
14.22
0.33
37.87% -86.51%
5.3B
9.2B
-0.82% 11.75%
5.05
0.57
16.55% 15.99%
4.9B
20.3B
-7.54% -15.08%
1.42
0.22
-7.07% -62.92%
4.5B
4.0B
-6.89% 29.39%
26.45
1.11
37.35% 28250.00%
2.8B
5.2B
-0.34% 27.28%
13.38
0.54
10.80% -50.22%
2.2B
2.4B
-4.93% 31.88%
108.59
0.94
39.05% 118.84%
SMALL-CAP
802.0M
1.3B
5.55% -25.57%
3.67
0.55
-4.40% -78.62%
721.5M
2.0B
-8.64% -11.95%
7.17
0.37
31.55% 55.14%
578.8M
559.4M
-1.58% 16.68%
11.12
1.03
39.89% 222.80%
104.9M
220.4M
20.00% 46.21%
-15.05
0.48
32.42% -423.28%

Financials for Commercial Metals

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue0.1%9,1689,1598,9138,5377,866
  S&GA Expenses3.9%600578545526521
Costs and Expenses3.7%7,8507,5677,3987,1686,734
EBITDA5.1%1,8301,7411,586--
EBITDA Margin2.3%0.20*0.20*0.19*--
Earnings Before Taxes-17.2%1,3181,5921,5151,3691,133
EBT Margin2.2%0.17*0.17*0.16*--
Interest Expenses-3.9%51.0053.0051.0048.0047.00
Net Income-16.3%1,0431,2461,2171,081899
Net Income Margin-0.4%0.14*0.14*0.13*--
Free Cahsflow113.3%53425025.00--
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets3.4%6,4856,2746,2376,1045,504
  Current Assets1.7%3,2783,2243,4413,4443,490
    Cash Equivalents3.6%6085876795371,000
  Inventory3.8%1,1441,1031,1701,3461,142
  Net PPE6.4%2,1602,0291,9111,8081,649
  Goodwill0.5%27927724925466.00
Liabilities0.4%2,7022,6902,9512,9622,634
  Current Liabilities-1.1%1,0661,0781,3571,391825
  Long Term Debt0.6%1,1001,0931,1131,1151,446
    LT Debt, Current-389----
Shareholder's Equity5.5%3,7833,5843,2863,1422,870
  Retained Earnings4.5%3,7173,5553,3123,0412,745
  Additional Paid-In Capital3.7%374361383375366
Accumulated Depreciation-1,974----
Shares Outstanding-0.1%117117117120121
Minority Interest0%0.000.000.000.000.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations15.1%1,2051,047700376282
  Share Based Compensation1.3%55.0054.0047.0046.0048.00
Cashflow From Investing-42.7%-1,158-811-684-58626.00
Cashflow From Financing-539.8%-442-69.20165303324
  Dividend Payments2.5%71.0070.0068.0065.0063.00
  Buy Backs2.7%21120616256.0017.00

Risks for CMC

What is the probability of a big loss on CMC?

73.5%


Probability that Commercial Metals stock will be more than 20% underwater in next one year

40%


Probability that Commercial Metals stock will be more than 30% underwater in next one year.

16.9%


Probability that Commercial Metals stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CMC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Commercial Metals was unfortunately bought at previous high price.

Drawdowns

Returns for CMC

Cumulative Returns on CMC

13.8%


10-Year Cumulative Returns

17.1%


7-Year Cumulative Returns

16.4%


5-Year Cumulative Returns

39.9%


3-Year Cumulative Returns

What are the long-term rolling returns for CMC?

FIve years rolling returns for Commercial Metals.

Annualized Returns

Which funds bought or sold CMC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-24
Verity Asset Management, Inc.
reduced
-0.88
5,826
1,687,250
1.01%
2023-05-23
ROYCE & ASSOCIATES LP
reduced
-26.07
-3,322,460
9,888,750
0.10%
2023-05-23
Toroso Investments, LLC
new
-
1,170,000
1,170,000
0.02%
2023-05-22
AMERIPRISE FINANCIAL INC
added
0.25
264,836
19,393,800
0.01%
2023-05-22
PUTNAM INVESTMENTS LLC
sold off
-100
-3,531,600
-
-%
2023-05-22
EMC Capital Management
unchanged
-
2,000
197,000
0.17%
2023-05-22
Raleigh Capital Management Inc.
added
30.95
667
2,695
-%
2023-05-19
Coppell Advisory Solutions LLC
sold off
-100
-3,864
-
-%
2023-05-18
JPMORGAN CHASE & CO
added
6.81
4,172,000
55,418,000
0.01%
2023-05-18
CENTAURUS FINANCIAL, INC.
added
10.88
46,000
421,000
0.03%

1–10 of 44

Latest Funds Activity

Are funds buying CMC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CMC
No. of Funds

Commercial Metals News

MarketBeat
Colonial River Wealth Management LLC Acquires New Holdings in ....
MarketBeat,
13 hours ago
Stockhouse Publishing
Trefis

Schedule 13G FIlings of Commercial Metals

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
10.54%
12,372,451
SC 13G/A
Feb 01, 2023
state street corp
4.92%
5,770,248
SC 13G/A
Jan 26, 2023
blackrock inc.
13.5%
15,830,502
SC 13G/A
Jan 20, 2023
blackrock inc.
13.5%
15,830,502
SC 13G
Feb 10, 2022
state street corp
5.04%
6,126,119
SC 13G/A
Feb 09, 2022
vanguard group inc
10.76%
13,084,312
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 08, 2022
dimensional fund advisors lp
6.2%
7,578,477
SC 13G/A
Jan 27, 2022
blackrock inc.
12.2%
14,797,743
SC 13G/A

CMC Fair Value

Commercial Metals fair value in different scenarios

The table shows the Fair Value estimates for Commercial Metals for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

131.99

194.03%

173.82

287.21%

258.95

476.85%

355.41

691.74%

424.67

846.02%
Current Inflation

121.34

170.31%

157.26

250.32%

229.25

410.69%

310.68

592.09%

368.59

721.10%
Very High Inflation

108.22

141.08%

137.26

205.77%

194.28

332.79%

258.71

476.32%

303.94

577.08%

Historical Commercial Metals Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Commercial Metals

View All Filings
Date Filed Form Type Document
May 25, 2023
SD
SD
Apr 14, 2023
4
Insider Trading
Apr 14, 2023
4
Insider Trading
Apr 14, 2023
4
Insider Trading
Apr 12, 2023
4
Insider Trading
Mar 23, 2023
8-K
Current Report
Mar 23, 2023
10-Q
Quarterly Report
Mar 22, 2023
8-K
Current Report
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
3
Insider Trading

Latest Insider Trading transactions for CMC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-12
RAISS SARAH E.
acquired
2,554
47.3
54.00
-
2023-04-12
McPherson John R
acquired
851
47.3
18.00
-
2023-04-12
Avril-Groves Vicki L
acquired
4,351
47.3
92.00
-
2023-04-10
MATT PETER R
back to issuer
-
-
-2,492
president
2023-04-10
MATT PETER R
acquired
-
-
35,714
president
2023-03-21
WETHERBEE ROBERT S
acquired
-
-
2,381
-
2023-02-02
RAISS SARAH E.
acquired
2,521
56.04
45.00
-
2023-02-02
Avril-Groves Vicki L
acquired
4,371
56.04
78.00
-
2023-02-02
McPherson John R
acquired
840
56.04
15.00
-
2023-01-13
SLOAN LINDSAY L
gifted
-
-
-100
vp & chief accounting officer

1–10 of 50

Barbara R. Smith
11100
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including rebar, merchant bar, light structural, and other special sections, as well as semi-finished billets for re-rolling and forging applications. In addition, the company provides fabricated steel products used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.

CMC Income Statement

2023-02-28
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Income Statement [Abstract]    
Net sales$ 2,018,003$ 2,008,888$ 4,245,316$ 3,990,689
Costs and operating expenses (income):    
Cost of goods sold1,621,7631,614,9653,341,1773,201,375
Selling, general and administrative expenses150,427127,985306,550251,563
Interest expense9,94512,01122,99023,046
Asset impairments361,228451,228
Loss on debt extinguishment(27)(16,052)(178)(16,052)
Loss (gain) on sale of assets315(273,099)387(274,082)
Costs and operating expenses1,782,5131,499,1423,671,3273,219,182
Earnings before income taxes235,490509,746573,989771,507
Income taxes55,641126,432132,366155,304
Net earnings$ 179,849$ 383,314$ 441,623$ 616,203
Earnings per share:    
Basic (in USD per share)$ 1.53$ 3.16$ 3.77$ 5.08
Diluted (in USD per share)$ 1.51$ 3.12$ 3.71$ 5.02
Average basic shares outstanding (shares)117,224,517121,458,196117,249,266121,293,030
Average diluted shares outstanding (shares)118,723,259122,852,410118,985,098122,747,981

CMC Balance Sheet

2023-02-28
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Feb. 28, 2023
Aug. 31, 2022
Current assets:  
Cash and cash equivalents$ 603,966$ 672,596
Accounts receivable (less allowance for doubtful accounts of $4,928 and $4,990)1,263,5471,358,907
Inventories, net1,144,2681,169,696
Prepaid and other current assets266,365240,269
Total current assets3,278,1463,441,468
Property, plant and equipment, net2,159,7301,910,871
Intangible assets, net248,723257,409
Goodwill278,711249,009
Other noncurrent assets519,541378,270
Total assets6,484,8516,237,027
Current liabilities:  
Accounts payable422,814428,055
Accrued expenses and other payables378,572540,136
Current maturities of long-term debt and short-term borrowings264,762388,796
Total current liabilities1,066,1481,356,987
Deferred income taxes303,367250,302
Other noncurrent liabilities232,415230,060
Long-term debt1,099,7281,113,249
Total liabilities2,701,6582,950,598
Commitments and contingencies (Note 14)
Stockholders' equity:  
Common stock, par value $0.01 per share; authorized 200,000,000 shares; issued 129,060,664 shares; outstanding 117,205,307 and 117,496,053 shares1,2901,290
Additional paid-in capital374,440382,767
Accumulated other comprehensive income (loss)24,496(114,451)
Retained earnings3,716,5373,312,438
Less treasury stock 11,855,357 and 11,564,611 shares at cost(333,802)(295,847)
Stockholders' equity3,782,9613,286,197
Stockholders' equity attributable to non-controlling interests232232
Total stockholders' equity3,783,1933,286,429
Total liabilities and stockholders' equity$ 6,484,851$ 6,237,027