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STEEL DYNAMICS INC (STLD) Stock Fundamental Analysis

USA - NASDAQ:STLD - US8581191009 - Common Stock

145.99 USD
+3.24 (+2.27%)
Last: 10/20/2025, 3:07:07 PM
Fundamental Rating

6

STLD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 155 industry peers in the Metals & Mining industry. STLD scores excellent on profitability, but there are some minor concerns on its financial health. STLD is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

In the past year STLD was profitable.
STLD had a positive operating cash flow in the past year.
STLD had positive earnings in each of the past 5 years.
In the past 5 years STLD always reported a positive cash flow from operatings.
STLD Yearly Net Income VS EBIT VS OCF VS FCFSTLD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B 5B

1.2 Ratios

STLD has a Return On Assets of 6.69%. This is amongst the best in the industry. STLD outperforms 81.94% of its industry peers.
With an excellent Return On Equity value of 11.74%, STLD belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
STLD has a better Return On Invested Capital (7.28%) than 71.61% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for STLD is significantly above the industry average of 12.30%.
The 3 year average ROIC (21.22%) for STLD is well above the current ROIC(7.28%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 6.69%
ROE 11.74%
ROIC 7.28%
ROA(3y)18%
ROA(5y)17.12%
ROE(3y)30.79%
ROE(5y)31.2%
ROIC(3y)21.22%
ROIC(5y)20.87%
STLD Yearly ROA, ROE, ROICSTLD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

1.3 Margins

STLD's Profit Margin of 6.07% is fine compared to the rest of the industry. STLD outperforms 73.55% of its industry peers.
STLD's Profit Margin has improved in the last couple of years.
STLD has a Operating Margin of 7.53%. This is in the better half of the industry: STLD outperforms 63.87% of its industry peers.
In the last couple of years the Operating Margin of STLD has grown nicely.
Looking at the Gross Margin, with a value of 12.55%, STLD is in line with its industry, outperforming 47.74% of the companies in the same industry.
In the last couple of years the Gross Margin of STLD has grown nicely.
Industry RankSector Rank
OM 7.53%
PM (TTM) 6.07%
GM 12.55%
OM growth 3Y-22.02%
OM growth 5Y3.27%
PM growth 3Y-20.53%
PM growth 5Y6.45%
GM growth 3Y-18.14%
GM growth 5Y1.78%
STLD Yearly Profit, Operating, Gross MarginsSTLD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

5

2. Health

2.1 Basic Checks

STLD has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for STLD has been reduced compared to 1 year ago.
Compared to 5 years ago, STLD has less shares outstanding
STLD has a worse debt/assets ratio than last year.
STLD Yearly Shares OutstandingSTLD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
STLD Yearly Total Debt VS Total AssetsSTLD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.2 Solvency

STLD has an Altman-Z score of 4.93. This indicates that STLD is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.93, STLD is doing good in the industry, outperforming 61.29% of the companies in the same industry.
A Debt/Equity ratio of 0.43 indicates that STLD is not too dependend on debt financing.
STLD has a worse Debt to Equity ratio (0.43) than 74.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF N/A
Altman-Z 4.93
ROIC/WACC0.84
WACC8.63%
STLD Yearly LT Debt VS Equity VS FCFSTLD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B

2.3 Liquidity

A Current Ratio of 3.13 indicates that STLD has no problem at all paying its short term obligations.
The Current ratio of STLD (3.13) is better than 63.23% of its industry peers.
A Quick Ratio of 1.34 indicates that STLD should not have too much problems paying its short term obligations.
STLD has a Quick ratio (1.34) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 3.13
Quick Ratio 1.34
STLD Yearly Current Assets VS Current LiabilitesSTLD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

4

3. Growth

3.1 Past

STLD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -44.99%.
STLD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 25.97% yearly.
The Revenue has decreased by -5.51% in the past year.
STLD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.88% yearly.
EPS 1Y (TTM)-44.99%
EPS 3Y-15.5%
EPS 5Y25.97%
EPS Q2Q%-26.1%
Revenue 1Y (TTM)-5.51%
Revenue growth 3Y-1.6%
Revenue growth 5Y10.88%
Sales Q2Q%-1.46%

3.2 Future

STLD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.26% yearly.
Based on estimates for the next years, STLD will show a small growth in Revenue. The Revenue will grow by 5.16% on average per year.
EPS Next Y-8.08%
EPS Next 2Y15.4%
EPS Next 3Y14.13%
EPS Next 5Y10.26%
Revenue Next Year4.31%
Revenue Next 2Y6.15%
Revenue Next 3Y5.16%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
STLD Yearly Revenue VS EstimatesSTLD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B 15B 20B
STLD Yearly EPS VS EstimatesSTLD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15 20

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 21.28, STLD is valued on the expensive side.
Based on the Price/Earnings ratio, STLD is valued cheaply inside the industry as 81.94% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.42. STLD is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 11.19, the valuation of STLD can be described as very reasonable.
Based on the Price/Forward Earnings ratio, STLD is valued cheaply inside the industry as 82.58% of the companies are valued more expensively.
STLD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.94.
Industry RankSector Rank
PE 21.28
Fwd PE 11.19
STLD Price Earnings VS Forward Price EarningsSTLD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, STLD is valued a bit cheaper than the industry average as 65.81% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.44
STLD Per share dataSTLD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

STLD has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as STLD's earnings are expected to grow with 14.13% in the coming years.
PEG (NY)N/A
PEG (5Y)0.82
EPS Next 2Y15.4%
EPS Next 3Y14.13%

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.40%, STLD has a reasonable but not impressive dividend return.
STLD's Dividend Yield is rather good when compared to the industry average which is at 2.42. STLD pays more dividend than 80.65% of the companies in the same industry.
With a Dividend Yield of 1.40, STLD pays less dividend than the S&P500 average, which is at 2.36.
Industry RankSector Rank
Dividend Yield 1.4%

5.2 History

The dividend of STLD is nicely growing with an annual growth rate of 14.82%!
STLD has been paying a dividend for at least 10 years, so it has a reliable track record.
STLD has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)14.82%
Div Incr Years12
Div Non Decr Years14
STLD Yearly Dividends per shareSTLD Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

27.49% of the earnings are spent on dividend by STLD. This is a low number and sustainable payout ratio.
STLD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.49%
EPS Next 2Y15.4%
EPS Next 3Y14.13%
STLD Yearly Income VS Free CF VS DividendSTLD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B
STLD Dividend Payout.STLD Dividend Payout, showing the Payout Ratio.STLD Dividend Payout.PayoutRetained Earnings

STEEL DYNAMICS INC

NASDAQ:STLD (10/20/2025, 3:07:07 PM)

145.99

+3.24 (+2.27%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)07-21 2025-07-21/amc
Earnings (Next)10-20 2025-10-20/amc
Inst Owners83.09%
Inst Owner Change-0.11%
Ins Owners6.22%
Ins Owner Change-1.06%
Market Cap21.49B
Analysts80
Price Target152.59 (4.52%)
Short Float %1.82%
Short Ratio1.89
Dividend
Industry RankSector Rank
Dividend Yield 1.4%
Yearly Dividend1.82
Dividend Growth(5Y)14.82%
DP27.49%
Div Incr Years12
Div Non Decr Years14
Ex-Date09-30 2025-09-30 (0.5)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.04%
Min EPS beat(2)-6.16%
Max EPS beat(2)2.08%
EPS beat(4)3
Avg EPS beat(4)0.55%
Min EPS beat(4)-6.16%
Max EPS beat(4)4.52%
EPS beat(8)4
Avg EPS beat(8)-0.02%
EPS beat(12)7
Avg EPS beat(12)2.29%
EPS beat(16)10
Avg EPS beat(16)2.62%
Revenue beat(2)1
Avg Revenue beat(2)-1.9%
Min Revenue beat(2)-5.89%
Max Revenue beat(2)2.08%
Revenue beat(4)2
Avg Revenue beat(4)-1.49%
Min Revenue beat(4)-5.89%
Max Revenue beat(4)2.08%
Revenue beat(8)5
Avg Revenue beat(8)-0.72%
Revenue beat(12)7
Avg Revenue beat(12)-1.55%
Revenue beat(16)9
Avg Revenue beat(16)-0.84%
PT rev (1m)0.67%
PT rev (3m)0.41%
EPS NQ rev (1m)1.74%
EPS NQ rev (3m)-12.42%
EPS NY rev (1m)-1.58%
EPS NY rev (3m)-10.04%
Revenue NQ rev (1m)0.53%
Revenue NQ rev (3m)-1.27%
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-1.19%
Valuation
Industry RankSector Rank
PE 21.28
Fwd PE 11.19
P/S 1.25
P/FCF N/A
P/OCF 13.77
P/B 2.42
P/tB 2.63
EV/EBITDA 13.44
EPS(TTM)6.86
EY4.7%
EPS(NY)13.05
Fwd EY8.94%
FCF(TTM)-0.73
FCFYN/A
OCF(TTM)10.6
OCFY7.26%
SpS116.5
BVpS60.22
TBVpS55.52
PEG (NY)N/A
PEG (5Y)0.82
Profitability
Industry RankSector Rank
ROA 6.69%
ROE 11.74%
ROCE 9.4%
ROIC 7.28%
ROICexc 7.55%
ROICexgc 7.97%
OM 7.53%
PM (TTM) 6.07%
GM 12.55%
FCFM N/A
ROA(3y)18%
ROA(5y)17.12%
ROE(3y)30.79%
ROE(5y)31.2%
ROIC(3y)21.22%
ROIC(5y)20.87%
ROICexc(3y)25.25%
ROICexc(5y)24.52%
ROICexgc(3y)27.22%
ROICexgc(5y)26.63%
ROCE(3y)27.41%
ROCE(5y)26.96%
ROICexcg growth 3Y-30.82%
ROICexcg growth 5Y-3.41%
ROICexc growth 3Y-30.22%
ROICexc growth 5Y-1.67%
OM growth 3Y-22.02%
OM growth 5Y3.27%
PM growth 3Y-20.53%
PM growth 5Y6.45%
GM growth 3Y-18.14%
GM growth 5Y1.78%
F-Score5
Asset Turnover1.1
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF N/A
Debt/EBITDA 2.09
Cap/Depr 325.08%
Cap/Sales 9.73%
Interest Coverage 11.34
Cash Conversion 86.52%
Profit Quality N/A
Current Ratio 3.13
Quick Ratio 1.34
Altman-Z 4.93
F-Score5
WACC8.63%
ROIC/WACC0.84
Cap/Depr(3y)335.1%
Cap/Depr(5y)332.49%
Cap/Sales(3y)7.85%
Cap/Sales(5y)8.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-44.99%
EPS 3Y-15.5%
EPS 5Y25.97%
EPS Q2Q%-26.1%
EPS Next Y-8.08%
EPS Next 2Y15.4%
EPS Next 3Y14.13%
EPS Next 5Y10.26%
Revenue 1Y (TTM)-5.51%
Revenue growth 3Y-1.6%
Revenue growth 5Y10.88%
Sales Q2Q%-1.46%
Revenue Next Year4.31%
Revenue Next 2Y6.15%
Revenue Next 3Y5.16%
Revenue Next 5YN/A
EBIT growth 1Y-49.62%
EBIT growth 3Y-23.27%
EBIT growth 5Y14.51%
EBIT Next Year16.38%
EBIT Next 3Y17.89%
EBIT Next 5Y13.47%
FCF growth 1Y-103.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-62.67%
OCF growth 3Y-5.76%
OCF growth 5Y5.73%