Steel Dynamics

Steel Dynamics, Inc. (STLD) -Repairs underway for equipment issues

in , , on September 8, 2023

Steel Dynamics, Inc. (STLD) (Q2FY23)

Introduction

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 rolled, cold rolled, 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; 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, threading, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, 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, girders, trusses, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, owners, brokers, governmental entities, and e-commerce data centers and warehouses.

Highlights

Steel Dynamics’s steel operations achieved near record shipments of 3.2mn tons. Steel production utilization rate, excluding Sinton, was 93% compared to a domestic industry rate of 76%.

Stock performance

Over the past 3 years, STLD generated returns of 261% where the stock price surged from $29.52 in Aug 31, 2020 to $106.42 in Aug 30, 2023. The stock had a 200-Day Moving
Average of $107.23 and a 50-Day Moving Average of $104.9.

In the past 1 year, STLD delivered returns of 34% where the stock price increased from $79.36 in Sep 06, 2022 to $106.42 in Aug 30, 2023.The stock had a 52 Week High of $136.46 and a 52 Week Low of $69.12.

Over the past 3 months, Steel Dynamics’s stock price increased by 15% from $92.17 in Jun 01, 2023 to $106.42 in Aug 30, 2023.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 36

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Release Information

  • Price
    :

    $99.00

  • Released
    :

    September 8, 2023

  • Last Updated
    :

    September 8, 2023