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Steel Dynamics Inc Stock Research

STLD

106.27USD+4.52(+4.44%)Market Closed

Market Summary

USD106.27+4.52
Market Closed
4.44%

STLD Alerts

STLD Stock Price

STLD RSI Chart

STLD Valuation

Market Cap

18.4B

Price/Earnings (Trailing)

4.74

Price/Sales (Trailing)

0.83

EV/EBITDA

3.05

Price/Free Cashflow

5.17

STLD Price/Sales (Trailing)

STLD Profitability

EBT Margin

22.56%

Return on Equity

47.72%

Return on Assets

27.4%

Free Cashflow Yield

19.32%

STLD Fundamentals

STLD Revenue

Revenue (TTM)

22.3B

Revenue Y/Y

-9.12%

Revenue Q/Q

-14.6%

STLD Earnings

Earnings (TTM)

3.9B

Earnings Y/Y

-41.68%

Earnings Q/Q

-30.43%

Price Action

52 Week Range

62.44136.46
(Low)(High)

Last 7 days

-23.3%

Last 30 days

-17.8%

Last 90 days

-0.2%

Trailing 12 Months

40.5%

STLD Financial Health

Current Ratio

3.76

Debt/Equity

0.41

Debt/Cashflow

1.02

STLD Investor Care

Dividend Yield

1.28%

Dividend/Share (TTM)

1.36

Buy Backs (1Y)

11.31%

Diluted EPS (TTM)

20.92

Peers (Alternatives to Steel Dynamics)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
53.0B
10.0B
-7.68% 4.39%
20
5.27
-8.10% -22.37%
51.7B
22.8B
-15.67% -18.67%
11.53
2.27
-0.28% -16.51%
37.7B
41.5B
-13.60% 7.71%
4.95
0.91
13.78% 11.42%
36.3B
11.9B
-4.53% -36.64%
-84.62
3.05
-2.51% -136.79%
18.4B
22.3B
-17.78% 40.45%
4.74
0.83
20.92% 19.49%
MID-CAP
9.0B
23.0B
-12.18% -30.31%
6.57
0.39
37.87% -4.59%
5.2B
9.2B
-23.62% 6.50%
4.17
0.57
25.13% 114.13%
4.9B
21.1B
-13.46% -23.24%
1.42
0.22
3.90% -39.53%
4.8B
3.8B
-7.55% 37.88%
36.83
1.26
37.01% 442.67%
2.6B
4.4B
-11.45% -8.51%
12.02
0.6
7.39% -49.63%
2.0B
2.2B
-17.02% 14.69%
-365.19
0.95
38.38% 96.05%
SMALL-CAP
802.0M
1.3B
-16.56% -19.49%
3.67
0.55
3.66% -61.93%
727.4M
2.0B
-10.05% 5.53%
7.22
0.37
35.47% 132.03%
603.6M
523.7M
-13.76% 15.36%
12.53
1.15
43.51% 1103.27%
78.3M
202.1M
7.24% -4.27%
-9.69
0.39
29.62% -965.04%

Financials for Steel Dynamics

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-2.1%22,26122,74522,18220,43418,409
Gross Profit-11.2%6,1186,8927,0286,3455,362
EBITDA-10.2%5,4976,1206,1905,505-
EBITDA Margin-8.2%0.25*0.27*0.28*0.27*-
Earnings Before Taxes-11.5%5,0215,6715,7665,1004,209
EBT Margin-9.5%0.23*0.25*0.26*0.25*-
Interest Expenses14.4%92.0080.0067.0057.0057.00
Net Income-10.5%3,8794,3364,4183,9153,247
Net Income Margin-8.6%0.17*0.19*0.20*0.19*-
Free Cahsflow8.6%3,5523,2722,4331,905-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.8%14,16014,04813,71113,05712,531
  Current Assets-2.2%7,6387,8137,7567,1506,901
    Cash Equivalents14.6%1,6281,4201,0131,1951,244
  Inventory-7.3%3,1303,3773,6473,5173,531
  Net PPE4.4%5,3745,1474,8874,8284,751
  Goodwill11.2%502452452453454
Liabilities-0.8%6,0646,1126,1626,0786,211
  Current Liabilities-4.6%2,0322,1312,2022,0912,227
  Long Term Debt-3,106----
    LT Debt, Current149.8%57.0023.0037.0068.0097.00
    LT Debt, Non Current0.0%3,0133,0123,0113,0103,009
Shareholder's Equity2.0%8,1307,9717,3816,7506,305
  Retained Earnings5.3%11,37610,8009,9468,8017,761
  Additional Paid-In Capital-0.6%1,2131,2201,2131,2041,219
Shares Outstanding-2.1%173177183189195
Minority Interest-3.7%-216-208-207-214-195
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations10.4%4,4604,0413,1762,7612,204
  Share Based Compensation-2.3%59.0061.0058.0057.0058.00
Cashflow From Investing-16.6%-1,879-1,611-1,306-1,071-999
Cashflow From Financing-4.4%-2,196-2,104-1,975-1,745-1,329
  Dividend Payments3.5%237229220211213
  Buy Backs4.8%1,8011,7181,5741,4501,061

Risks for STLD

What is the probability of a big loss on STLD?

71.5%


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

44.2%


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

32.3%


Probability that Steel Dynamics 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 STLD drawdown profile look like?

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

Drawdowns

Returns for STLD

Cumulative Returns on STLD

23.6%


10-Year Cumulative Returns

27.5%


7-Year Cumulative Returns

19.4%


5-Year Cumulative Returns

70.6%


3-Year Cumulative Returns

What are the long-term rolling returns for STLD?

FIve years rolling returns for Steel Dynamics.

Annualized Returns

Which funds bought or sold STLD recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-34.15
-23,126,200
224,910,000
0.25%
2023-03-10
MATHER GROUP, LLC.
new
-
244,543
244,543
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-6.29
607,000
2,696,000
0.01%
2023-03-01
Regal Investment Advisors LLC
added
2.02
148,438
513,438
0.05%
2023-02-28
Voya Investment Management LLC
added
14.39
3,307,720
9,059,720
0.01%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
1,374
5,374
-%
2023-02-24
National Pension Service
reduced
-11.14
6,081,120
32,775,900
0.06%
2023-02-24
NATIXIS
reduced
-59.57
-3,816,300
4,723,700
0.03%
2023-02-22
CVA Family Office, LLC
unchanged
-
3,678
13,678
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-12.28
1,546,000
8,978,000
0.09%

1–10 of 43

Latest Funds Activity

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

Steel Dynamics News

MarketBeat

First Citizens Financial Corp Sells 4314 Shares of Steel Dynamics ....

MarketBeat,
37 hours ago

Investopedia

InvestorsObserver

Schedule 13G FIlings of Steel Dynamics

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
12.43%
21,822,262
SC 13G/A
Jan 24, 2023
blackrock inc.
9.7%
17,084,445
SC 13G/A
Jan 27, 2022
blackrock inc.
12.6%
25,061,389
SC 13G/A
Jan 26, 2022
blackrock inc.
12.6%
25,061,389
SC 13G/A
Jul 12, 2021
vanguard group inc
10.22%
21,591,653
SC 13G/A
Feb 10, 2021
vanguard group inc
8.91%
18,751,882
SC 13G/A
Jan 27, 2021
blackrock inc.
10.8%
22,664,231
SC 13G/A
Feb 12, 2020
vanguard group inc
9.01%
19,431,445
SC 13G/A
Feb 04, 2020
blackrock inc.
10.4%
22,301,411
SC 13G/A

STLD Fair Value

Steel Dynamics fair value in different scenarios

The table shows the Fair Value estimates for Steel Dynamics 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

335.55

215.75%

501.48

371.89%

791.77

645.06%

1187.98

1017.89%

2119.42

1894.37%
Current Inflation

309.11

190.87%

453.67

326.90%

701.05

559.69%

1036.64

875.48%

1827.22

1619.41%
Very High Inflation

276.34

160.04%

395.70

272.35%

593.82

458.78%

860.48

709.71%

1490.46

1302.52%

Historical Steel Dynamics Fair Value Estimates


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

Recent SEC filings of Steel Dynamics

View All Filings
Date Filed Form Type Document
Mar 16, 2023
8-K
Current Report
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading

Latest Insider Trading transactions for STLD

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
MILLETT MARK D
sold (taxes)
-6,958,490
120
-57,814
chairman and ceo
2023-03-15
Wagler Theresa E
acquired
-
-
47,264
executive vice president & cfo
2023-03-15
SCHNEIDER BARRY
sold (taxes)
-1,955,610
120
-16,248
president and coo
2023-03-15
Graham Christopher A
sold (taxes)
-1,761,830
120
-14,638
senior vice president
2023-03-15
Graham Christopher A
acquired
-
-
33,285
senior vice president
2023-03-15
Pushis Glenn
acquired
-
-
36,946
senior vice president
2023-03-15
Anderson James Stanley
sold (taxes)
-465,071
120
-3,864
senior vice president
2023-03-15
Wagler Theresa E
sold (taxes)
-2,501,800
120
-20,786
executive vice president & cfo
2023-03-15
Pushis Glenn
sold (taxes)
-1,955,610
120
-16,248
senior vice president
2023-03-15
SCHNEIDER BARRY
acquired
-
-
36,946
president and coo

1–10 of 50

Mark D. Millett
10600
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; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars. The company also engages in turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, galvanizing, and coating of specialty products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. This segment sells directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment purchases, processes, and resells 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 non-residential steel building components, such as steel joists, girders, trusses, and steel deck products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.

STLD Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales   
Unrelated parties$ 21,469,251$ 18,376,743$ 9,587,691
Related parties791,52332,10713,791
Total net sales22,260,77418,408,8509,601,482
Costs of goods sold16,142,94313,046,4268,166,754
Gross profit6,117,8315,362,4241,434,728
Selling, general and administrative expenses545,621643,976477,450
Profit sharing452,551388,11161,728
Amortization of intangible assets27,83729,23228,999
Asset impairment charges  19,409
Operating income5,091,8224,301,105847,142
Interest expense, net of capitalized interest91,53857,20994,877
Other (income) expense, net(20,785)34,82646,787
Income before income taxes5,021,0694,209,070705,478
Income tax expense1,141,577962,256134,650
Net income3,879,4923,246,814570,828
Net income attributable to noncontrolling interests(16,818)(32,748)(20,006)
Net income attributable to Steel Dynamics, Inc.$ 3,862,674$ 3,214,066$ 550,822
Basic earnings per share attributable to Steel Dynamics, Inc. stockholders (in dollars per share)$ 21.06$ 15.67$ 2.61
Weighted average common shares outstanding (in shares)183,393205,115211,140
Diluted earnings per share attributable to Steel Dynamics, Inc. stockholders, including the effect of assumed conversions when dilutive (in dollars per share)$ 20.92$ 15.56$ 2.59
Weighted average common shares and share equivalents outstanding (in shares)184,622206,615212,345
Dividends declared per share (in dollars per share)$ 1.36$ 1.04$ 1.00

STLD Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and equivalents$ 1,628,417$ 1,243,868
Short-term investments628,215 
Accounts receivable, net of allowances for credit losses of $5,678 and $6,161 as of December 31, 2022, and December 31, 2021, respectively1,976,2821,911,385
Accounts receivable-related parties79,7695,049
Inventories3,129,9643,531,130
Other current assets195,371209,591
Total current assets7,638,0186,901,023
Property, plant and equipment, net5,373,6654,751,430
Intangible assets, net267,507295,345
Goodwill502,067453,835
Other assets378,727129,601
Total assets14,159,98412,531,234
Current liabilities  
Accounts payable1,007,3041,266,833
Accounts payable-related parties9,93413,722
Income taxes payable6,52013,746
Accrued payroll and benefits610,558539,812
Accrued expenses340,646296,082
Current maturities of long-term debt57,33497,174
Total current liabilities2,032,2962,227,369
Long-term debt3,013,2413,008,702
Deferred income taxes889,103854,905
Other liabilities129,539120,087
Total liabilities6,064,1796,211,063
Commitments and contingencies
Redeemable noncontrolling interests181,503211,414
Equity  
Common stock voting, $.0025 par value; 900,000,000 shares authorized; 267,762,488 and 267,224,622 shares issued; and 172,936,163 and 194,997,922 shares outstanding, as of December 31, 2022, and December 31, 2021, respectively650649
Treasury stock, at cost; 94,826,325 and 72,226,700 shares, as of December 31, 2022, and December 31, 2021, respectively(4,459,513)(2,674,267)
Additional paid-in capital1,212,5661,218,933
Retained earnings11,375,7657,761,417
Accumulated other comprehensive income (loss)889(2,091)
Total Steel Dynamics, Inc. equity8,130,3576,304,641
Noncontrolling interests(216,055)(195,884)
Total equity7,914,3026,108,757
Total liabilities and equity$ 14,159,984$ 12,531,234