Nucor Corp Stock Research

Market Summary

USD136.14+1.45

Market Closed

1.08%

NUE Alerts

Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)

NUE Stock Price

NUE RSI Chart

NUE Valuation

Market Cap

38.3B

Price/Earnings (Trailing)

5.03

Price/Sales (Trailing)

0.92

EV/EBITDA

3.67

Price/Free Cashflow

4.71

NUE Price/Sales (Trailing)

NUE Profitability

EBT Margin

24.68%

Return on Equity

38.87%

Return on Assets

23.42%

Free Cashflow Yield

21.23%

NUE Fundamentals

NUE Revenue

Revenue (TTM)

39.7B

Revenue Y/Y

-16.99%

Revenue Q/Q

-0.16%

NUE Earnings

Earnings (TTM)

6.6B

Earnings Y/Y

-45.77%

Earnings Q/Q

-9.49%

Price Action

52 Week Range

100.13182.68

(Low)(High)

Last 7 days

-1.8%

Last 30 days

-5.8%

Last 90 days

-16.2%

Trailing 12 Months

2.8%

NUE Financial Health

Current Ratio

3.39

Debt/Equity

0.34

Debt/Cashflow

1.52

NUE Investor Care

Dividend Yield

1.5%

Dividend/Share (TTM)

2.04

Buy Backs (1Y)

10.81%

Diluted EPS (TTM)

25.51

Peers (Alternatives to Nucor)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SCCO	61.8B	10.1B	-10.90%	12.75%	23.34	6.15	-9.74%	-22.37%
FCX	60.3B	21.6B	-6.73%	-8.68%	13.46	2.65	-12.33%	-16.51%
NUE	38.3B	39.7B	-5.79%	2.78%	5.03	0.92	-0.58%	-16.70%
NEM	32.3B	11.6B	-13.72%	-40.31%	-61.41	2.79	-6.48%	-149.86%
STLD	16.5B	22.3B	-6.37%	13.92%	4.26	0.74	20.92%	19.49%
MID-CAP
CLF	7.4B	22.3B	-3.23%	-38.79%	14.22	0.33	37.87%	-86.51%
CMC	5.3B	9.2B	-0.82%	11.75%	5.05	0.57	16.55%	15.99%
X	4.9B	20.3B	-7.54%	-15.08%	1.42	0.22	-7.07%	-62.92%
ATI	4.5B	4.0B	-6.89%	29.39%	26.45	1.11	37.35%	28250.00%
WOR	2.8B	5.2B	-0.34%	27.28%	13.38	0.54	10.80%	-50.22%
CRS	2.2B	2.4B	-4.93%	31.88%	108.59	0.94	39.05%	118.84%
SMALL-CAP
TMST	802.0M	1.3B	5.55%	-25.57%	3.67	0.55	-4.40%	-78.62%
SXC	721.5M	2.0B	-8.64%	-11.95%	7.17	0.37	31.55%	55.14%
HAYN	578.8M	559.4M	-1.58%	16.68%	11.12	1.03	39.89%	222.80%
USAP	104.9M	220.4M	20.00%	46.21%	-15.05	0.48	32.42%	-423.28%

Financials for Nucor

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-4.3%	39,729	41,512	43,153	42,965	39,960
S&GA Expenses	-6.7%	1,862	1,997	2,076	2,116	1,940
EBITDA	-11.6%	11,072	12,518	13,036	11,552	-
EBITDA Margin	-8.1%	0.27*	0.29*	0.30*	0.29*	-
Earnings Before Taxes	-12.7%	8,944	10,245	11,719	12,265	10,801
EBT Margin	-9.1%	0.25*	0.27*	0.29*	0.27*	-
Net Income	-12.6%	6,648	7,607	8,602	9,035	7,981
Net Income Margin	-8.1%	0.18*	0.20*	0.21*	0.20*	-
Free Cahsflow	-2.2%	8,124	8,304	7,193	6,416	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.7%	32,246	32,479	32,073	31,668	28,633
Current Assets	-2.6%	14,316	14,692	14,356	14,034	14,781
Cash Equivalents	-11.2%	3,800	4,281	3,050	2,003	3,725
Inventory	2.5%	5,591	5,454	6,046	6,579	6,246
Net PPE	2.6%	9,863	9,617	9,440	9,214	8,921
Goodwill	-0.1%	3,915	3,920	3,917	1,037	2,904
Liabilities	-4.6%	12,317	12,909	13,248	13,816	12,490
Current Liabilities	-11.5%	3,830	4,330	4,632	5,359	5,134
. Short Term Borrowings	-40.3%	29.00	49.00	65.00	101	87.00
Long Term Debt	0.0%	6,616	6,614	6,617	6,622	6,112
Shareholder's Equity	8.2%	19,930	18,415	17,708	17,853	16,143
Retained Earnings	4.1%	25,762	24,755	23,630	22,064	19,635
Additional Paid-In Capital	1.2%	2,169	2,144	2,129	2,115	2,163
Accumulated Depreciation	1.8%	10,910	10,720	10,570	-	-
Shares Outstanding	-1.6%	259	263	272	-	-
Minority Interest	-21.0%	912	1,155	1,116	1,044	939

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-12.6%	8,807	10,072	10,149	9,081	8,173
Share Based Compensation	-4.4%	131	137	138	143	142
Cashflow From Investing	3.7%	-5,490	-5,702	-5,484	-6,728	-3,553
Cashflow From Financing	-29.1%	-3,242	-2,510	-3,573	-3,059	-3,381
Dividend Payments	-1.3%	527	534	521	509	497
Buy Backs	-17.4%	2,283	2,763	3,862	4,068	3,880

Risks for NUE

What is the probability of a big loss on NUE?

78.8%

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

36.9%

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

16.5%

Probability that Nucor 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 NUE drawdown profile look like?

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

Drawdowns

Returns for NUE

Cumulative Returns on NUE

14.4%

10-Year Cumulative Returns

18.7%

7-Year Cumulative Returns

19.0%

5-Year Cumulative Returns

51.2%

3-Year Cumulative Returns

What are the long-term rolling returns for NUE?

FIve years rolling returns for Nucor.

Annualized Returns

Which funds bought or sold NUE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-24	Old North State Trust, LLC	reduced	-6.19	25,000	276,000	0.19%
2023-05-23	Toroso Investments, LLC	added	134	5,688,000	8,942,000	0.15%
2023-05-23	3Chopt Investment Partners, LLC	new	-	572,186	572,186	0.30%
2023-05-22	Arete Wealth Advisors, LLC	added	56.49	-264,570,000	486,000	0.04%
2023-05-22	FDx Advisors, Inc.	unchanged	-	-	261,000	0.01%
2023-05-22	American Trust	reduced	-5.03	29,280	288,550	0.02%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-12.3	6,370,300	243,478,000	0.08%
2023-05-22	Raleigh Capital Management Inc.	added	15.15	4,602	17,669	0.01%
2023-05-22	PUTNAM INVESTMENTS LLC	added	11.99	7,082,270	29,747,500	0.05%
2023-05-18	HNP Capital LLC	unchanged	-	45,683	311,412	0.09%

Latest Funds Activity

Are funds buying NUE calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own NUE

No. of Funds

Nucor News

Schedule 13G FIlings of Nucor

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	12.72%	32,641,370	SC 13G/A
Feb 07, 2023	state street corp	5.17%	13,274,121	SC 13G/A
Feb 03, 2023	blackrock inc.	8.6%	22,091,789	SC 13G/A
Jan 31, 2023	state farm mutual automobile insurance co	8.46%	21,703,504	SC 13G/A
Mar 10, 2022	state farm mutual automobile insurance co	8.07%	21,711,916	SC 13G/A
Feb 11, 2022	capital world investors	4.8%	13,603,414	SC 13G/A
Feb 11, 2022	state street corp	5.41%	15,451,278	SC 13G/A
Feb 10, 2022	vanguard group inc	12.54%	35,844,909	SC 13G/A
Feb 07, 2022	blackrock inc.	7.9%	22,447,913	SC 13G/A
Feb 02, 2022	state farm mutual automobile insurance co	7.60%	21,711,916	SC 13G/A

NUE Fair Value

Recent SEC filings of Nucor

View All Filings

Date Filed	Form Type	Document
May 19, 2023	3	Insider Trading
May 12, 2023	8-K	Current Report
May 10, 2023	10-Q	Quarterly Report
Apr 20, 2023	8-K	Current Report
Mar 24, 2023	ARS	ARS
Mar 24, 2023	DEF 14A	DEF 14A
Mar 24, 2023	DEFA14A	DEFA14A
Mar 15, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading

Latest Insider Trading transactions for NUE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-14	Topalian Leon J	sold (taxes)	-3,747,270	155	-24,165	chair, president and ceo
2023-03-10	Sumoski David A	acquired	237,657	167	1,415	chief operating officer
2023-03-10	Topalian Leon J	acquired	682,500	167	4,066	chair, president and ceo
2023-03-10	Laxton Stephen D	acquired	186,235	167	1,109	cfo, treasurer and evp
2023-03-10	Jellison Douglas J	acquired	1,023,750	167	6,099	executive vice president
2023-03-10	Hanners Noah C	acquired	666,845	167	3,972	executive vice president
2023-03-10	Needham Daniel R.	acquired	409,500	167	2,439	executive vice president
2023-03-10	Utermark D. Chad	acquired	454,544	167	2,708	executive vice president
2023-03-07	Utermark D. Chad	sold (taxes)	-1,640,000	175	-9,324	executive vice president
2023-02-20	Hollatz John J	acquired	-	-	6,924	executive vice president

About Nucor

Leon J. Topalian

www.nucor.com

28800

Nucor Corporation manufactures and sells steel and steel products. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina.

NUE Income Statement

2023-04-01

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Income Statement [Abstract]
Net sales	$ 8,709,980	$ 10,493,282
Costs, expenses and other:
Cost of products sold	6,711,778	7,035,143
Marketing, administrative and other expenses	389,895	524,584
Equity in losses/(earnings) of unconsolidated affiliates	1,340	(7,695)
Interest expense, net	10,183	43,135
Costs, expenses and other, total	7,113,196	7,595,167
Earnings before income taxes and noncontrolling interests	1,596,784	2,898,115
Provision for income taxes	365,155	671,000
Net earnings before noncontrolling interests	1,231,629	2,227,115
Earnings attributable to noncontrolling interests	95,087	131,492
Net earnings attributable to Nucor stockholders	$ 1,136,542	$ 2,095,623
Net earnings per share:
Basic	$ 4.47	$ 7.69
Diluted	$ 4.45	$ 7.67
Average shares outstanding:
Basic	253,608	271,564
Diluted	254,397	272,094

NUE Balance Sheet

2023-04-01

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,800,034	$ 4,280,852
Short-term investments	817,811	576,946
Accounts receivable, net	3,661,974	3,591,030
Inventories, net	5,590,852	5,453,531
Other current assets	445,714	789,325
Total current assets	14,316,385	14,691,684
Property, plant and equipment, net	9,862,987	9,616,920
Restricted cash and cash equivalents	81,145	80,368
Goodwill	3,914,908	3,920,060
Other intangible assets, net	3,263,385	3,322,265
Other assets	807,580	847,913
Total assets	32,246,390	32,479,210
Current liabilities:
Short-term debt	29,316	49,081
Current portion of long-term debt and finance lease obligations	25,133	28,582
Accounts payable	2,012,092	1,649,523
Salaries, wages and related accruals	759,403	1,654,210
Accrued expenses and other current liabilities	1,003,996	948,348
Total current liabilities	3,829,940	4,329,744
Long-term debt and finance lease obligations due after one year	6,616,498	6,613,687
Deferred credits and other liabilities	1,870,082	1,965,873
Total liabilities	12,316,520	12,909,304
Commitments and contingencies
Nucor stockholders' equity:
Common stock	152,061	152,061
Additional paid-in capital	2,168,770	2,143,520
Retained earnings	25,762,032	24,754,873
Accumulated other comprehensive loss, net of income taxes	(165,358)	(137,517)
Treasury stock	(8,900,124)	(8,498,243)
Total Nucor stockholders' equity	19,017,381	18,414,694
Noncontrolling interests	912,489	1,155,212
Total equity	19,929,870	19,569,906
Total liabilities and equity	$ 32,246,390	$ 32,479,210