Commercial Metals Stock Analysis
CMC Stock | USD 58.77 0.67 1.15% |
Commercial Metals is overvalued with Real Value of 51.13 and Target Price of 56.4. The main objective of Commercial Metals stock analysis is to determine its intrinsic value, which is an estimate of what Commercial Metals is worth, separate from its market price. There are two main types of Commercial Metals' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Commercial Metals' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Commercial Metals' stock to identify patterns and trends that may indicate its future price movements.
The Commercial Metals stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Commercial Metals is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Commercial Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Commercial Metals' ongoing operational relationships across important fundamental and technical indicators.
Commercial |
Commercial Stock Analysis Notes
About 89.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.61. Some equities with similar Price to Book (P/B) outperform the market in the long run. Commercial Metals recorded earning per share (EPS) of 5.76. The entity last dividend was issued on the 28th of March 2024. The firm had 2:1 split on the 23rd of May 2006. 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 was founded in 1915 and is headquartered in Irving, Texas. Commercial Metals operates under Steel classification in the United States and is traded on New York Stock Exchange. It employs 12483 people. For more info on Commercial Metals please contact Joseph Alvarado at 214-689-4300 or go to https://www.cmc.com.Commercial Metals Quarterly Total Revenue |
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Commercial Metals Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Commercial Metals' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Commercial Metals or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Over 89.0% of the company shares are held by institutions such as insurance companies | |
On 1st of February 2024 Commercial Metals paid $ 0.16 per share dividend to its current shareholders | |
Latest headline from zacks.com: 5 Stocks Worth Watching on Dividend Hikes |
Commercial Metals Upcoming and Recent Events
Earnings reports are used by Commercial Metals to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Commercial Metals previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
28th of March 2024 Upcoming Quarterly Report | View | |
27th of June 2024 Next Financial Report | View | |
29th of February 2024 Next Fiscal Quarter End | View | |
10th of October 2024 Next Fiscal Year End | View | |
30th of November 2023 Last Quarter Report | View | |
31st of August 2023 Last Financial Announcement | View |
Commercial Largest EPS Surprises
Earnings surprises can significantly impact Commercial Metals' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2000-03-15 | 2000-02-29 | 0.08 | 0.09 | 0.01 | 12 | ||
1999-12-14 | 1999-11-30 | 0.08 | 0.09 | 0.01 | 12 | ||
1999-03-17 | 1999-02-28 | 0.06 | 0.07 | 0.01 | 16 |
Commercial Metals Thematic Classifications
In addition to having Commercial Metals stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Steel Works EtcUSA Equities from Steel Works Etc industry as classified by Fama & French |
Commercial Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Commercial Metals is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Commercial Metals backward and forwards among themselves. Commercial Metals' institutional investor refers to the entity that pools money to purchase Commercial Metals' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Victory Capital Management Inc. | 2023-12-31 | 1.8 M | Principal Financial Group Inc | 2023-12-31 | 1.7 M | Millennium Management Llc | 2023-12-31 | 1.6 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.6 M | Charles Schwab Investment Management Inc | 2023-12-31 | 1.4 M | Bank Of New York Mellon Corp | 2023-12-31 | 1.3 M | Amvescap Plc. | 2023-12-31 | 1.2 M | Jpmorgan Chase & Co | 2023-12-31 | 1.1 M | Nuveen Asset Management, Llc | 2023-12-31 | 1.1 M | Blackrock Inc | 2023-12-31 | 15.6 M | Vanguard Group Inc | 2023-12-31 | 12.6 M |
Commercial Market Capitalization
The company currently falls under 'Mid-Cap' category with a total capitalization of 6.8 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Commercial Metals's market, we take the total number of its shares issued and multiply it by Commercial Metals's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Commercial Profitablity
Commercial Metals' profitability indicators refer to fundamental financial ratios that showcase Commercial Metals' ability to generate income relative to its revenue or operating costs. If, let's say, Commercial Metals is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Commercial Metals' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Commercial Metals' profitability requires more research than a typical breakdown of Commercial Metals' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.08 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.07 %, which entails that for every 100 dollars of revenue, it generated $0.07 of operating income. Last Reported | Projected for 2024 | ||
Return On Capital Employed | 0.09 | 0.14 | |
Return On Assets | 0.13 | 0.12 | |
Return On Equity | 0.19 | 0.20 |
Management Efficiency
Commercial Metals has Return on Asset of 0.089 % which means that on every $100 spent on assets, it made $0.089 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1699 %, implying that it generated $0.1699 on every 100 dollars invested. Commercial Metals' management efficiency ratios could be used to measure how well Commercial Metals manages its routine affairs as well as how well it operates its assets and liabilities. At present, Commercial Metals' Return On Equity is projected to increase slightly based on the last few years of reporting. At present, Commercial Metals' Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 532 M, whereas Fixed Asset Turnover is forecasted to decline to 3.99.Last Reported | Projected for 2024 | ||
Price Book Value Ratio | 1.44 | 1.10 | |
Enterprise Value Multiple | 4.64 | 5.97 | |
Price Fair Value | 1.44 | 1.10 |
The analysis of Commercial Metals' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Commercial Metals' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Commercial Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0123 | Forward Dividend Yield 0.0123 | Forward Dividend Rate 0.72 | Beta 1.315 |
Technical Drivers
As of the 29th of March, Commercial Metals shows the Mean Deviation of 1.34, downside deviation of 1.63, and Risk Adjusted Performance of 0.0786. Commercial Metals technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have collected data for nineteen technical drivers for Commercial Metals, which can be compared to its rivals. Please confirm Commercial Metals treynor ratio, and the relationship between the variance and potential upside to decide if Commercial Metals is priced correctly, providing market reflects its regular price of 58.77 per share. Given that Commercial Metals has jensen alpha of 0.0246, we suggest you to validate Commercial Metals's prevailing market performance to make sure the company can sustain itself at a future point.Commercial Metals Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Commercial Metals middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Commercial Metals. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Commercial Metals Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Commercial Metals insiders, such as employees or executives, is commonly permitted as long as it does not rely on Commercial Metals' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Commercial Metals insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Arriola Dennis V over a week ago Disposition of tradable shares by Arriola Dennis V of Commercial Metals subject to Rule 16b-3 | ||
Womack Robert R over three months ago Commercial Metals exotic insider transaction detected | ||
Sudbury David M over six months ago Exercise or conversion by Sudbury David M of 30800 shares of Commercial Metals subject to Rule 16b-3 |
Commercial Metals Outstanding Bonds
Commercial Metals issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Commercial Metals uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Commercial bonds can be classified according to their maturity, which is the date when Commercial Metals has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
US201723AR41 Corp BondUS201723AR41 | View | |
US201723AQ67 Corp BondUS201723AQ67 | View | |
US201723AP84 Corp BondUS201723AP84 | View |
Commercial Metals Predictive Daily Indicators
Commercial Metals intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Commercial Metals stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Accumulation Distribution | 21923.51 | |||
Daily Balance Of Power | 0.5678 | |||
Rate Of Daily Change | 1.01 | |||
Day Median Price | 58.38 | |||
Day Typical Price | 58.51 | |||
Price Action Indicator | 0.73 | |||
Period Momentum Indicator | 0.67 |
Commercial Metals Corporate Filings
10Q | 26th of March 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 21st of March 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
8K | 20th of March 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 29th of February 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 20th of February 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 9th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 8th of February 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 5th of February 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Commercial Metals Forecast Models
Commercial Metals' time-series forecasting models are one of many Commercial Metals' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Commercial Metals' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Commercial Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Commercial Metals prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Commercial shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Commercial Metals. By using and applying Commercial Stock analysis, traders can create a robust methodology for identifying Commercial entry and exit points for their positions.
Last Reported | Projected for 2024 | ||
Pretax Profit Margin | 0.11 | 0.12 | |
Operating Profit Margin | 0.05 | 0.03 | |
Net Profit Margin | 0.09 | 0.09 | |
Gross Profit Margin | 0.19 | 0.10 |
Current Commercial Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Commercial analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Commercial analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
56.4 | Buy | 8 | Odds |
Most Commercial analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Commercial stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Commercial Metals, talking to its executives and customers, or listening to Commercial conference calls.
Commercial Stock Analysis Indicators
Commercial Metals stock analysis indicators help investors evaluate how Commercial Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Commercial Metals shares will generate the highest return on investment. By understating and applying Commercial Metals stock analysis, traders can identify Commercial Metals position entry and exit signals to maximize returns.
Begin Period Cash Flow | 679.2 M | |
Long Term Debt | 1 B | |
Common Stock Shares Outstanding | 118.6 M | |
Total Stockholder Equity | 4.1 B | |
Total Cashflows From Investing Activities | -835.2 M | |
Tax Provision | 262.2 M | |
Quarterly Earnings Growth Y O Y | -0.517 | |
Property Plant And Equipment Net | 2.4 B | |
Cash And Short Term Investments | 592.3 M | |
Cash | 592.3 M | |
Accounts Payable | 364.4 M | |
Net Debt | 562.5 M | |
50 Day M A | 53.6776 | |
Total Current Liabilities | 843.7 M | |
Other Operating Expenses | 7.6 B | |
Non Current Assets Total | 3.5 B | |
Forward Price Earnings | 10.8932 | |
Non Currrent Assets Other | 440.6 M | |
Stock Based Compensation | 60.5 M |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Commercial Stock analysis
When running Commercial Metals' price analysis, check to measure Commercial Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Commercial Metals is operating at the current time. Most of Commercial Metals' value examination focuses on studying past and present price action to predict the probability of Commercial Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commercial Metals' price. Additionally, you may evaluate how the addition of Commercial Metals to your portfolios can decrease your overall portfolio volatility.
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Is Commercial Metals' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Commercial Metals. If investors know Commercial will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Commercial Metals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.52) | Dividend Share 0.64 | Earnings Share 5.76 | Revenue Per Share 71.999 | Quarterly Revenue Growth (0.08) |
The market value of Commercial Metals is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Metals' value that differs from its market value or its book value, called intrinsic value, which is Commercial Metals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Commercial Metals' market value can be influenced by many factors that don't directly affect Commercial Metals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Commercial Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Metals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.