Steel Dynamics Financials

STLD Stock  USD 148.23  1.70  1.16%   
Based on the key indicators related to Steel Dynamics' liquidity, profitability, solvency, and operating efficiency, Steel Dynamics is performing exceptionally good at the present time. It has a great likelihood to report excellent financial results in April. At present, Steel Dynamics' Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 2.4 B, whereas Net Debt is forecasted to decline to about 1.4 B. Key indicators impacting Steel Dynamics' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.330.3487
Notably Down
Slightly volatile
Current Ratio2.422.9104
Significantly Down
Pretty Stable
The financial analysis of Steel Dynamics is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Steel Dynamics includes many different criteria found on its balance sheet. For example, investors should never minimize Steel Dynamics' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Steel Dynamics' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Steel Dynamics.

Net Income

2.57 Billion

With this module, you can analyze Steel financials for your investing period. You should be able to track the changes in Steel Dynamics individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Steel Dynamics Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Steel Dynamics' financial statements are interrelated, with each one affecting the others. For example, an increase in Steel Dynamics' assets may result in an increase in income on the income statement.
Evaluating Steel Dynamics' financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Steel Dynamics' profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Steel Dynamics' relative financial performance

Chance Of Distress

Less than 9

 
100  
 
Zero
Low
Steel Dynamics has less than 9 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Steel Dynamics stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Steel Dynamics' odds of distress score SHOULD NOT be confused with the real chance of Steel Dynamics filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Steel is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Steel Dynamics' liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Steel Dynamics' official financial statements usually reflect Steel Dynamics' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Steel Dynamics. For example, before you start analyzing numbers published by Steel accountants, it's critical to develop an understanding of what Steel Dynamics' liquidity, profitability, and earnings quality are in the context of the Metals & Mining space in which it operates.
Please note, the presentation of Steel Dynamics' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Steel Dynamics' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Steel Dynamics' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Steel Dynamics. Please utilize our Beneish M Score to check the likelihood of Steel Dynamics' management manipulating its earnings.

Steel Dynamics Company Summary

Steel Dynamics competes with Reliance Steel, Ternium SA, Metallus, Webco Industries, and Cleveland Cliffs. 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.
Foreign Associate
  Mexico
Specialization
Basic Materials, Materials
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001022671
ISINUS8581191009
CUSIP858119100
RegionNorth America
LocationIndiana; U.S.A
Business Address7575 West Jefferson
SectorMetals & Mining
IndustryMaterials
BenchmarkNYSE Composite
Websitewww.steeldynamics.com
Phone260 969 3500
CurrencyUSD - US Dollar
You should never invest in Steel Dynamics without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Steel Stock, because this is throwing your money away. Analyzing the key information contained in Steel Dynamics' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Steel Dynamics Key Financial Ratios

Generally speaking, Steel Dynamics' financial ratios allow both analysts and investors to convert raw data from Steel Dynamics' financial statements into concise, actionable information that can be used to evaluate the performance of Steel Dynamics over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Steel Dynamics reports annually and quarterly.

Steel Dynamics Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets8.3B9.3B12.5B14.2B15.0B15.7B
Other Current Liab404.0M402.4M849.6M957.7M757.5M795.3M
Net Debt1.4B1.7B1.9B1.4B1.8B1.4B
Retained Earnings4.4B4.8B7.8B11.4B13.5B14.2B
Accounts Payable513.3M769.5M1.3B1.0B1.1B1.1B
Cash1.4B1.4B1.2B1.6B1.4B1.5B
Net Receivables844.3M971.9M1.9B2.1B1.6B1.7B
Inventory1.7B1.8B3.5B3.1B2.9B3.0B
Other Current Assets76.0M74.4M209.6M195.4M162.8M170.9M
Total Liab4.2B4.9B6.2B6.1B6.1B6.5B
Total Current Assets4.3B4.3B6.9B7.6B6.8B7.1B
Short Term Debt89.4M86.9M97.2M57.3M481.0M505.0M
Common Stock646K648K649K650K651K651.2K
Other Assets30.9M119.7M129.6M268.1M308.3M323.7M
Long Term Debt2.6B3.0B3.0B3.0B2.6B2.0B
Treasury Stock(1.2B)(1.5B)(1.6B)(2.7B)(2.4B)(2.3B)
Other Liab501.3M642.8M975.0M926.8M1.1B1.1B
Good Will452.9M457.2M453.8M502.1M477.5M432.6M
Intangible Assets327.9M324.6M295.3M267.5M257.8M282.4M
Net Tangible Assets3.4B3.7B5.6B7.4B8.5B8.9B
Long Term Debt Total2.4B2.6B3.0B3.0B3.5B2.7B

Steel Dynamics Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Steel Dynamics' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense127.1M94.9M57.2M91.5M76.5M84.4M
Total Revenue10.5B9.6B18.4B22.3B18.8B19.7B
Gross Profit1.5B1.4B5.4B6.1B4.0B4.2B
Operating Income986.9M847.1M4.3B5.1B3.2B3.3B
Ebit986.9M847.1M4.3B5.1B3.2B3.3B
Ebitda1.3B1.1B4.6B5.5B3.2B3.3B
Cost Of Revenue9.0B8.2B13.0B16.1B14.7B15.5B
Income Before Tax875.3M705.5M4.2B5.0B3.2B3.4B
Net Income671.1M550.8M3.2B3.9B2.5B2.6B
Income Tax Expense197.4M134.7M962.3M1.1B751.6M789.2M
Minority Interest(6.8M)(20.0M)(32.7M)(16.8M)(17.8M)(16.9M)
Tax Provision197.4M134.7M962.3M1.1B755.9M463.5M
Net Interest Income(127.1M)(94.9M)(57.2M)(91.5M)(85.5M)(89.8M)

Steel Dynamics Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Steel Dynamics. It measures of how well Steel is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Steel Dynamics brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Steel had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Steel Dynamics has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory217.9M(150.6M)(1.7B)413.3M232.3M243.9M
Change In Cash553.0M(13.3M)(124.8M)384.6M(227.5M)(216.2M)
Free Cash Flow944.3M(211.0M)1.2B3.6B1.9B2.0B
Depreciation321.1M325.8M347.7M384.2M437.8M459.7M
Other Non Cash Items1.4M50.4M(3.2M)(1.8M)(3.3M)(3.1M)
Capital Expenditures451.9M1.2B1.0B908.9M1.7B1.7B
Net Income677.9M570.8M3.2B3.9B2.5B2.6B
End Period Cash Flow1.4B1.4B1.2B1.6B1.4B1.5B
Dividends Paid200.3M209.2M213.0M237.2M(271.3M)(257.8M)
Change To Netincome100.8M153.8M409.2M111.4M128.2M148.1M
Change Receivables(145.9M)237.8M(111.9M)(944.5M)(850.1M)(807.6M)
Net Borrowings309.8M345.8M(5.4M)(42.2M)(48.6M)(46.1M)
Investments(33.4M)262.2M(999.4M)(1.9B)(1.7B)(1.6B)

Steel Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Steel Dynamics's current stock value. Our valuation model uses many indicators to compare Steel Dynamics value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Steel Dynamics competition to find correlations between indicators driving Steel Dynamics's intrinsic value. More Info.
Steel Dynamics is rated fifth in book value per share category among related companies. It is currently regarded number one company in current valuation category among related companies reporting about  436,673,936  of Current Valuation per Book Value Per Share. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Steel Dynamics by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Steel Dynamics' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Steel Dynamics' earnings, one of the primary drivers of an investment's value.

Steel Dynamics Systematic Risk

Steel Dynamics' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Steel Dynamics volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
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 Beta measures systematic risk based on how returns on Steel Dynamics correlated with the market. If Beta is less than 0 Steel Dynamics generally moves in the opposite direction as compared to the market. If Steel Dynamics Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Steel Dynamics is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Steel Dynamics is generally in the same direction as the market. If Beta > 1 Steel Dynamics moves generally in the same direction as, but more than the movement of the benchmark.

About Steel Dynamics Financials

What exactly are Steel Dynamics Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Steel Dynamics' income statement, its balance sheet, and the statement of cash flows. Potential Steel Dynamics investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Steel Dynamics investors may use each financial statement separately, they are all related. The changes in Steel Dynamics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Steel Dynamics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Steel Dynamics Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Steel Dynamics is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Steel has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Steel Dynamics' financials are consistent with your investment objective using the following steps:
  • Review Steel Dynamics' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Steel Dynamics' liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Steel Dynamics' financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Steel Dynamics' stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Steel Dynamics Thematic Clasifications

Steel Dynamics is part of several thematic ideas from Power Assets to Disruptive Technologies. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Steel Dynamics Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Steel Dynamics' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Steel Dynamics growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.25)

At present, Steel Dynamics' Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Steel Dynamics March 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Steel Dynamics help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Steel Dynamics. We use our internally-developed statistical techniques to arrive at the intrinsic value of Steel Dynamics based on widely used predictive technical indicators. In general, we focus on analyzing Steel Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Steel Dynamics's daily price indicators and compare them against related drivers.
When determining whether Steel Dynamics is a strong investment it is important to analyze Steel Dynamics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steel Dynamics' future performance. For an informed investment choice regarding Steel Stock, refer to the following important reports:
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 signals in bureau of economic analysis.
For information on how to trade Steel Stock refer to our How to Trade Steel Stock guide.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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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
(0.28)
Dividend Share
1.7
Earnings Share
14.64
Revenue Per Share
112.85
Quarterly Revenue Growth
(0.12)
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.