Steel Dynamics Stock Analysis
STLD Stock | USD 133.03 3.11 2.39% |
Steel Dynamics is overvalued with Real Value of 109.97 and Target Price of 108.0. The main objective of Steel Dynamics stock analysis is to determine its intrinsic value, which is an estimate of what Steel Dynamics is worth, separate from its market price. There are two main types of Steel Dynamics' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Steel Dynamics' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Steel Dynamics' stock to identify patterns and trends that may indicate its future price movements.
The Steel Dynamics stock is traded in the USA on NASDAQ 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. Steel Dynamics 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. Steel 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 Steel Dynamics' ongoing operational relationships across important fundamental and technical indicators.
Steel |
Steel Stock Analysis Notes
About 87.0% of the company shares are owned by institutional investors. The book value of Steel Dynamics was at this time reported as 57.18. The company recorded earning per share (EPS) of 14.64. Steel Dynamics last dividend was issued on the 27th of March 2024. The entity had 2:1 split on the 31st of March 2008. Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana. Steel Dynamics operates under Steel classification in the United States and is traded on NASDAQ Exchange. It employs 10640 people. To find out more about Steel Dynamics contact Mark Millett at 260 969 3500 or learn more at https://www.steeldynamics.com.Steel Dynamics Quarterly Total Revenue |
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Steel Dynamics 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. Steel Dynamics' investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Steel Dynamics or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Steel Dynamics is unlikely to experience financial distress in the next 2 years | |
Over 87.0% of the company shares are owned by institutional investors | |
Latest headline from insidermonkey.com: Steel Dynamics, Inc. Q1 2024 Earnings Call Transcript |
Steel Dynamics Upcoming and Recent Events
Earnings reports are used by Steel Dynamics 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 Steel Dynamics 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.
17th of April 2024 Upcoming Quarterly Report | View | |
17th of July 2024 Next Financial Report | View | |
31st of March 2024 Next Fiscal Quarter End | View | |
28th of January 2025 Next Fiscal Year End | View | |
31st of December 2023 Last Quarter Report | View | |
31st of December 2023 Last Financial Announcement | View |
Steel Largest EPS Surprises
Earnings surprises can significantly impact Steel Dynamics' 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 | |||
---|---|---|---|---|---|---|---|
2011-01-24 | 2010-12-31 | 0.08 | 0.07 | -0.01 | 12 | ||
2010-10-18 | 2010-09-30 | 0.1 | 0.09 | -0.01 | 10 | ||
2004-02-04 | 2003-12-31 | 0.05 | 0.04 | -0.01 | 20 |
Steel Dynamics Thematic Classifications
In addition to having Steel Dynamics 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 | ||
Disruptive TechnologiesFirms and ETFs that are involved or betting on industries or trends that are projected to experience exponential growth | ||
SRI Sustainable GrowthLarge and mid-sized companies that operate under the guidelines of socially responsible investing - SRI | ||
Power AssetsHigh potential, large capitalization stocks theme |
Steel Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Steel Dynamics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Steel Dynamics backward and forwards among themselves. Steel Dynamics' institutional investor refers to the entity that pools money to purchase Steel Dynamics' 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 | Amvescap Plc. | 2023-12-31 | 2.4 M | Ameriprise Financial Inc | 2023-12-31 | 2 M | First Trust Advisors L.p. | 2023-12-31 | 2 M | Norges Bank | 2023-12-31 | 1.9 M | Pacer Advisors, Inc. | 2023-12-31 | 1.9 M | Legal & General Group Plc | 2023-12-31 | 1.8 M | Northern Trust Corp | 2023-12-31 | 1.8 M | Thrivent Financial For Lutherans | 2023-12-31 | 1.7 M | Lsv Asset Management | 2023-12-31 | 1.5 M | Vanguard Group Inc | 2023-12-31 | 20 M | Blackrock Inc | 2023-12-31 | 14.3 M |
Steel Market Capitalization
The company currently falls under 'Large-Cap' category with a current market capitalization of 20.52 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Steel Dynamics's market, we take the total number of its shares issued and multiply it by Steel Dynamics'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.Steel Profitablity
Steel Dynamics' profitability indicators refer to fundamental financial ratios that showcase Steel Dynamics' ability to generate income relative to its revenue or operating costs. If, let's say, Steel Dynamics is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Steel Dynamics' 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 Steel Dynamics' profitability requires more research than a typical breakdown of Steel Dynamics' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.13 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.16 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.16. Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.17 | 0.18 | |
Return On Capital Employed | 0.25 | 0.26 | |
Return On Assets | 0.16 | 0.17 | |
Return On Equity | 0.28 | 0.29 |
Management Efficiency
Steel Dynamics has return on total asset (ROA) of 0.1311 % which means that it generated a profit of $0.1311 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2778 %, meaning that it created $0.2778 on every $100 dollars invested by stockholders. Steel Dynamics' management efficiency ratios could be used to measure how well Steel Dynamics manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.18. The current year's Return On Capital Employed is expected to grow to 0.26. At present, Steel Dynamics' 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 543.9 M, whereas Debt To Assets are forecasted to decline to 0.20.Last Reported | Projected for Next Year | ||
Book Value Per Share | 53.24 | 55.90 | |
Net Current Asset Value | 0.00 | 0.00 | |
Tangible Asset Value | 0.00 | 0.00 | |
Tangible Book Value Per Share | 48.66 | 51.09 | |
Enterprise Value Over EBITDA | 5.99 | 4.86 | |
Price Book Value Ratio | 2.22 | 2.42 | |
Enterprise Value Multiple | 5.99 | 4.86 | |
Price Fair Value | 2.22 | 2.42 | |
Enterprise Value | 5.6 B | 5.8 B |
The analysis of Steel Dynamics' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Steel Dynamics' 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 Steel Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0142 | Forward Dividend Yield 0.0142 | Forward Dividend Rate 1.84 | Beta 1.457 |
Technical Drivers
As of the 26th of April, Steel Dynamics has the Risk Adjusted Performance of 0.0895, coefficient of variation of 749.73, and Semi Deviation of 1.38. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Steel Dynamics, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Steel Dynamics, which can be compared to its competition. Please validate Steel Dynamics variance, as well as the relationship between the maximum drawdown and semi variance to decide if Steel Dynamics is priced more or less accurately, providing market reflects its prevalent price of 133.03 per share. Given that Steel Dynamics has jensen alpha of 0.2222, we advise you to double-check Steel Dynamics's current market performance to make sure the company can sustain itself at a future point.Steel Dynamics Price Movement Analysis
The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Steel Dynamics 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 Steel Dynamics. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Steel Dynamics 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 Steel Dynamics insiders, such as employees or executives, is commonly permitted as long as it does not rely on Steel Dynamics' 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 Steel Dynamics 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.
Richard Teets over a week ago Acquisition by Richard Teets of tradable shares of Steel Dynamics subject to Rule 16b-3 | ||
Sheree Bargabos over a week ago Acquisition by Sheree Bargabos of tradable shares of Steel Dynamics subject to Rule 16b-3 | ||
Barry Schneider over a month ago Disposition of 1284 shares by Barry Schneider of Steel Dynamics at 42.83 subject to Rule 16b-3 | ||
Miguel Alvarez over two months ago Disposition of 1646 shares by Miguel Alvarez of Steel Dynamics at 127.01 subject to Rule 16b-3 | ||
Theresa Wagler over three months ago Acquisition by Theresa Wagler of 623 shares of Steel Dynamics subject to Rule 16b-3 | ||
Theresa Wagler over six months ago Payment of 4721 shares by Theresa Wagler of Steel Dynamics subject to Rule 16b-3 | ||
Theresa Wagler over a year ago Acquisition by Theresa Wagler of 9283 shares of Steel Dynamics subject to Rule 16b-3 |
Steel Dynamics Outstanding Bonds
Steel Dynamics 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. Steel Dynamics 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 Steel bonds can be classified according to their maturity, which is the date when Steel Dynamics 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.
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US858119BP41 Corp BondUS858119BP41 | View | |
US858119BJ80 Corp BondUS858119BJ80 | View | |
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US858119BK53 Corp BondUS858119BK53 | View | |
US858119BN92 Corp BondUS858119BN92 | View | |
US858119BM10 Corp BondUS858119BM10 | View |
Steel Dynamics Predictive Daily Indicators
Steel Dynamics 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 Steel Dynamics 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.
Steel Dynamics Corporate Filings
8K | 24th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 15th of April 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 |
F3 | 10th of April 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 3rd of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
28th of March 2024 Other Reports | ViewVerify | |
F4 | 21st of March 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 | 15th of March 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 |
10K | 29th of February 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
Steel Dynamics Forecast Models
Steel Dynamics' time-series forecasting models are one of many Steel Dynamics' 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 Steel Dynamics' 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 Steel Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Steel Dynamics 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 Steel 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 Steel Dynamics. By using and applying Steel Stock analysis, traders can create a robust methodology for identifying Steel entry and exit points for their positions.
Last Reported | Projected for Next Year | ||
Pretax Profit Margin | 0.17 | 0.18 | |
Operating Profit Margin | 0.17 | 0.13 | |
Net Profit Margin | 0.13 | 0.14 | |
Gross Profit Margin | 0.20 | 0.21 |
Current Steel Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Steel 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. Steel 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 | |
108.0 | Hold | 12 | Odds |
Most Steel 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 Steel stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Steel Dynamics, talking to its executives and customers, or listening to Steel conference calls.
Steel Stock Analysis Indicators
Steel Dynamics stock analysis indicators help investors evaluate how Steel Dynamics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Steel Dynamics shares will generate the highest return on investment. By understating and applying Steel Dynamics stock analysis, traders can identify Steel Dynamics position entry and exit signals to maximize returns.
Begin Period Cash Flow | 1.6 B | |
Long Term Debt | 2.6 B | |
Common Stock Shares Outstanding | 167.4 M | |
Total Stockholder Equity | 8.9 B | |
Tax Provision | 755.9 M | |
Quarterly Earnings Growth Y O Y | -0.008 | |
Property Plant And Equipment Net | 6.9 B | |
Cash And Short Term Investments | 2.1 B | |
Cash | 1.4 B | |
Accounts Payable | 1.1 B | |
Net Debt | 1.8 B | |
50 Day M A | 136.331 | |
Total Current Liabilities | 2.3 B | |
Other Operating Expenses | 15.3 B | |
Non Current Assets Total | 8.2 B | |
Forward Price Earnings | 11.4025 | |
Non Currrent Assets Other | 518 M | |
Stock Based Compensation | 61.7 M |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steel Dynamics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Steel Stock analysis
When running Steel Dynamics' price analysis, check to measure Steel Dynamics' 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 Steel Dynamics is operating at the current time. Most of Steel Dynamics' value examination focuses on studying past and present price action to predict the probability of Steel Dynamics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Dynamics' price. Additionally, you may evaluate how the addition of Steel Dynamics to your portfolios can decrease your overall portfolio volatility.
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Is Steel Dynamics' 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 Steel Dynamics. If investors know Steel 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 Steel Dynamics 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 (0.01) | Dividend Share 1.735 | Earnings Share 14.64 | Revenue Per Share 113.864 | Quarterly Revenue Growth (0.04) |
The market value of Steel Dynamics is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Dynamics' value that differs from its market value or its book value, called intrinsic value, which is Steel Dynamics' 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 Steel Dynamics' market value can be influenced by many factors that don't directly affect Steel Dynamics' 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 Steel Dynamics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Dynamics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Dynamics' 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.