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Steel Dynamics

NASDAQ: STLD

Stock price

235.51 USD

(+Infinity%) NaN day

Steel

Financial Performance

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5Y price score: 405

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 788.1%

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    119.8

    52-week range

    288.7

    235.51

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    Required return / cost of capital
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    FCFF terminal growth rate
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    Your fair value & Margin of safety

    To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

    Forecast:

    Valuation

    Free Cash Flow Yield

    Help
    FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

    1.9 %

    Dividend Yield TTM

    0.9 %

    Market cap $

    $ 33,964

    Price / Earnings TTM

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    P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

    25.2

    Price / Book TTM

    3.7

    PEG TTM

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    Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

    (1.3)

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    81.1 %

    306.6 %

    788.1 %

    Free cash flow per share growth

    2,345 %

    440.1 %

    (11.5) %

    Earnings per share growth

    (18.8) %

    208.5 %

    1,579.6 %

    Founded: 1,993

    Employees: 13,000

    Business Summary:Steel Dynamics, Inc. is a prominent American steel manufacturer and metal recycling enterprise, conducting its operations through three distinct business divisions. The Steel Operations segment is responsible for producing a broad range of steel products, including hot, cold, and coated rolled steel, various structural shapes like beams, channels, and angles, flat and reinforcing bars, and a diverse selection of rail and engineered steel bar products. This segment also provides specialized processing services for both bar products (such as turning, polishing, and heat treating) and specialty items (including cutting, welding, and galvanizing). Its offerings cater to numerous industries, such as construction, automotive, manufacturing, transportation, heavy and agricultural equipment, and pipe and tube production. Sales are channeled directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations division focuses on acquiring, processing, and reselling ferrous (e.g., heavy melting steel, shredded scrap, cast iron) and nonferrous (e.g., aluminum, copper, stainless steel) scrap metals, transforming them into reusable materials. This division further offers supplementary services including transportation logistics, marketing, brokerage, and scrap management. The Steel Fabrication Operations segment manufactures crucial components for commercial building construction, such as steel joists, girders, trusses, and steel deck products. Established in 1993 and headquartered in Fort Wayne, Indiana, the company also engages in exporting its products internationally.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q1 (Apr 21, 2026)

    1) Financial Performance Highlights
    - Net Income: $403 million, or $2.78 per diluted share.
    - Adjusted EBITDA: $700 million.
    - Revenues: $5.2 billion, with operating income of $538 million.
    - Steel Shipments: Record quarterly steel shipments of 3.6 million tons.
    - Steel Operations: Operating income of $557 million, a 73% sequential increase, driven by higher realized steel pricing (average HRC pricing up from $850 to $975 per ton).

    2) Operational Updates and Segment Performance
    - Aluminum Operations: Experienced a temporary operating loss of $65 million due to startup issues and inventory write-downs, but operations are now running smoothly with increasing volumes.
    - Metals Recycling: Operating income of $47 million, up 155% sequentially, despite lower shipments due to inclement weather.
    - Steel Fabrication: Operating income of $90 million, stable compared to the fourth quarter, with solid demand for steel joists and decks.
    - Cash Flow: Generated $148 million from operations, with liquidity of $2 billion.

    3) Market Conditions and Strategic Positioning
    - Demand Trends: Strong demand for long product steel and flat rolled steel, with pricing continuing to improve.
    - Competitive Advantage: Higher production utilization rates (89% for Steel Dynamics vs. 77% industry average) due to product diversification and internal manufacturing support.
    - Tariff Environment: Recent tariff increases on aluminum imports are expected to benefit domestic production and pricing.

    4) Future Outlook and Guidance
    - Aluminum Growth: Expected ramp-up to 60,000-70,000 tons in Q2 2026, with a focus on high-margin products.
    - Investment Strategy: Total capital investments for 2026 projected at $600 million, with a balanced approach to shareholder returns through dividends and share repurchases.
    - Long-Term Projections: Anticipated through-cycle EBITDA for aluminum operations remains at $650 million to $700 million, with additional contributions from recycling.

    5) Challenges and Areas of Focus
    - Startup Issues: Initial quality issues in aluminum operations led to temporary losses, but these have been resolved.
    - Market Volatility: Ongoing geopolitical factors and supply chain challenges in the aluminum market may impact future operations.
    - Incomplete Information: The call did not provide specific figures on future pricing expectations or detailed segment forecasts beyond 2026.

    Bottom line: Steel Dynamics, Inc. demonstrated strong financial performance in Q1 2026, with record steel shipments and solid operational metrics. Despite temporary challenges in aluminum operations, the company is well-positioned for growth, supported by a robust demand environment and strategic investments, making it an attractive prospect for shareholders.

    Annual Reports, Presentations And IR Contacts

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    Annual report links (10K)
    2025202420232022202120202019201820172016

    Steel Dynamics — Financial Overview, Stock Price, Market Cap

    Steel Dynamics is a company. Founded in 1993. As of July 20, 2026, the company's market capitalization is $33963603630 with a current stock price of $235.51.