Steel Dynamics, Inc. (STLD)
POSITIVEPrice
$251.26
Market Cap
$36.01B
Fundamental
66
Technical
85
Composite
72
AI Analysis
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Overview
Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, large unequal leg angles, and reinforcing steel bars, standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agricultural equipment, energy, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. 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. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, joist girders, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, property owners, brokers, and governmental entities. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.
Balance Sheet & Liquidity
Revenue
$6.09B
Net Income
$531M
Free Cash Flow
$310M
Total Equity
$9.22B
Total Liabilities
$7.75B
Current Ratio
3.18
Interest Coverage
-
Debt/EBITDA
11.06
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Fair Value Estimation
Fairly ValuedFair Value
$215.53
Current Price
$251.26
Margin of Safety
-16.6%
Fair Value Range
$140.09 - $290.96
Estimation Methods
Valuation Metrics
P/E Ratio
67.73
ROE
5.8%
P/B Ratio
3.91
P/FCF
116.21
Gross Margin
15.7%
ROIC
3.7%
Value Creation (Economic Moat)
ROIC
3.7%
WACC
10.7%
ROIC − WACC
-7.0 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (17)
- EPS shows upward trend
- EPS CAGR 16.56%
- Price CAGR 21.59%
- Debt/Equity ratio
- Operating Margin 11.5%
- Positive Free Cash Flow
- Current Ratio
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 17.6%
- Revenue Growth 5Y 13.6%
- Analyst Consensus 62% Buy
- PEG Ratio 0.89
- Earnings Quality (OCF/NI) 0.81
- Share Dilution -0.2%
- Net Margin Trend 8.7% vs 7.7%
- Piotroski F-Score 8/9
Failed (9)
- ROIC 3.7%
- Gross Margin 15.7%
- P/FCF 116.21
- P/B Ratio 3.91
- CapEx intensity
- Debt/EBITDA
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings Surprise avg 2.0%
Unavailable (2)
- Dividend Payout NaN%
- Interest Coverage
Price Chart
Technical Indicators
RSI (14)
57.33
SMA 50
$248.44
SMA 200
$198.52
MACD
2.71
Volatility
2.3%
Momentum (12m)
97.0%
RSI 57.3, SMA trend bullish, momentum 97.0%.
Piotroski F-Score
Strong financial health
Earnings Quality
Moderate: some gap between profits and cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Mark D. Millett | Co-Founder, Chairman & CEO | 65 |
| Mr. Barry T. Schneider | President & COO | 56 |
| Ms. Theresa E. Wagler | Executive VP, CFO & Company Secretary | 55 |
| Mr. Christopher A. Graham | Senior Vice President of Flat Roll Steel Group | 61 |
| Mr. David A. Lipschitz | Investor Relations Director | - |
| Mr. James S. Anderson | Senior Vice President of Long Products Steel Group | 64 |
| Mr. Miguel Alvarez | Senior Vice President of Aluminum Group | 57 |
| Mr. Matt Bell | VP & Head of Metals Recycling Platform | - |
| Mr. Richard A. Poinsatte CPA | Senior VP & Treasurer | 58 |
| Mr. Chad Bickford | Vice President of Steel Fabrication Group | 45 |
Audit Risk
4
Board Risk
4
Compensation Risk
5
Shareholder Rights Risk
3
Latest News
Recent headlines for STLD, sourced from Markets Gazette.
- 6/16/2026POSITIVE$100 Invested In Steel Dynamics 20 Years Ago Would Be Worth This Much Today
An investment of $100 in Steel Dynamics Inc. (STLD) made 20 years ago would have grown to a substantial amount today, reflecting the company's strong performance and shareholder returns over the past two decades. This long-term growth indicates robust operational execution, strategic expansion, and effective capital allocation, likely driven by consistent demand in the steel sector and the company's ability to adapt to market cycles. For investors, this historical performance underscores STLD's potential as a long-term wealth-generating asset, highlighting its resilience and capacity for value creation.
- 5/20/2026POSITIVEHere's How Much $100 Invested In Steel Dynamics 5 Years Ago Would Be Worth Today
An investment of $100 in Steel Dynamics Inc. (STLD) five years ago would have grown to approximately $345 today, representing a substantial return of over 245%. This performance significantly outpaced the broader market, highlighting the company's robust growth and operational efficiency during the period. Factors contributing to this impressive valuation include strong demand for steel products, strategic capacity expansions, and effective cost management, all of which have bolstered investor confidence and share price appreciation.
- 4/20/2026POSITIVESteel Dynamics Revenue Grows Most Since 2022, Beating Estimates
Steel Dynamics Inc. reported first-quarter revenue growth that exceeded analyst estimates, marking the fastest expansion since 2022. This surge was propelled by a significant increase in steel prices and a record 3.6 million tons of steel shipments, which also contributed to a strong profit rebound. The company's performance indicates a robust recovery in demand and pricing power within the steel sector, offering a positive outlook for investors.
via Markets Gazette