STLD Stock Analysis: Steel Dynamics | NASDAQ
Steel | NASDAQ, USA | Market Cap: 35.025m USD | 12M Return: 63.2% | US8581191009 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 202M
EPS Trend: -36.5%
Qual. Beats: -1
Rev. Trend: 52.3%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Steel Dynamics, Inc. (NASDAQ: STLD) is a U.S.-based steel producer and metal recycler operating through four segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Aluminum Operations. The company manufactures a broad range of steel products-including hot rolled, cold rolled, coated, structural, and specialty bar products-and processes both ferrous and nonferrous scrap metal. Its fabricated steel joists, joist girders, and steel deck products serve non-residential construction, while its aluminum segment produces recycled flat rolled products. End markets span construction, automotive, manufacturing, transportation, heavy and agricultural equipment, energy, and pipe and tube, with a portion of output exported internationally. The company was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.
Steel Dynamics operates within the Materials sector (GICS Steel sub-industry) and is recognized for its vertically integrated business model, combining scrap recycling with steel and aluminum production. This structure-common among electric arc furnace (EAF) mini-mills-uses recycled metal as the primary feedstock rather than iron ore, distinguishing it from traditional integrated blast furnace producers and aligning it with the industrys broader shift toward lower-carbon steelmaking methods.
- Hot rolled steel prices and scrap spreads drive margins
- Non-residential construction demand lifts fabrication volumes
- Steel tariffs and trade policy reshape domestic supply dynamics
- Aluminum segment ramp-up expands recycled flat rolled output
| Net Income: 1.96b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 4.19 > 1.0 |
| NWC/Revenue: 24.60% < 20% (prev 23.38%; Δ 1.22% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.69b > Net Income 1.96b |
| Net Debt (3.28b) to EBITDA (3.50b): 0.94 < 3 |
| Current Ratio: 3.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (143.6m) vs 12m ago -2.69% < -2% |
| Gross Margin: 15.84% > 18% (prev 13.07%; Δ 2.77% > 0.5%) |
| Asset Turnover: 131.5% > 50% (prev 110.5%; Δ 21.02% > 0%) |
| Interest Coverage Ratio: 20.52 > 6 (EBIT TTM 2.84b / Interest Expense TTM 138.7m) |
| A: 0.31 (Total Current Assets 8.01b - Total Current Liabilities 2.55b) / Total Assets 17.8b |
| B: 0.96 (Retained Earnings 17.2b / Total Assets 17.8b) |
| C: 0.17 (EBIT TTM 2.84b / Avg Total Assets 16.9b) |
| D: 1.22 (Book Value of Equity 9.84b / Total Liabilities 8.06b) |
| Altman-Z'' = 7.56 = AAA |
| DSRI: 1.10 (Receivables 2.45b/1.76b, Revenue 22.2b/17.6b) |
| GMI: 0.83 (GM 13.07% / 15.84%) |
| AQI: 0.86 (AQ_t 0.07 / AQ_t-1 0.09) |
| SGI: 1.26 (Revenue 22.2b / 17.6b) |
| TATA: 0.01 (NI 1.96b - CFO 1.69b) / TA 17.8b) |
| Beneish M = -3.00 (Cap -4..+1) = A |
As of October 23, 2026, the stock is trading at USD 239.90 with a total of 1,389,391 shares traded. Over the past week, the price has changed by -0.36%, over one month by +2.77%, over three months by +0.77% and over the past year by +63.22%.
Current recommended Stop Loss: 226.60 (which is 5.5% or 1.7 ATR below the current price).
Steel Dynamics has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy STLD.
- StrongBuy: 7
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 272.8 | 13.7% |
P/E Trailing = 18.048
P/E Forward = 10.0301
P/S = 1.5763
P/B = 3.5668
P/EG = 10.9053
Revenue TTM = 22.2b USD
EBIT TTM = 2.84b USD
EBITDA TTM = 3.50b USD
Long Term Debt = 4.18b USD (from longTermDebt, last fiscal year)
Short Term Debt = 20.9m USD (from shortTermDebt, last quarter)
Debt = 4.20b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.28b USD (calculated: Debt 4.20b - CCE 928.6m)
Enterprise Value = 38.3b USD (35.0b + Debt 4.20b - CCE 928.6m)
Interest Coverage Ratio = 20.52 (Ebit TTM 2.84b / Interest Expense TTM 138.7m)
EV/FCF = 34.98x (Enterprise Value 38.3b / FCF TTM 1.09b)
FCF Yield = 2.86% (FCF TTM 1.09b / Enterprise Value 38.3b)
FCF Margin = 4.93% (FCF TTM 1.09b / Revenue TTM 22.2b)
Net Margin = 8.82% (Net Income TTM 1.96b / Revenue TTM 22.2b)
Gross Margin = 15.84% ((Revenue TTM 22.2b - Cost of Revenue TTM 18.7b) / Revenue TTM)
Gross Margin QoQ = 19.58% (prev 15.74%)
Tobins Q-Ratio = 2.15 (Enterprise Value 38.3b / Total Assets 17.8b)
Interest Expense / Debt = 3.30% (Interest Expense 138.7m / Debt 4.20b)
Taxrate = 25.95% (685.0m / 2.64b)
NOPAT = 2.11b (EBIT 2.84b * (1 - 25.95%))
Current Ratio = 3.14 (Total Current Assets 8.01b / Total Current Liabilities 2.55b)
Debt / Equity = 0.43 (Debt 4.20b / totalStockholderEquity, last quarter 9.84b)
Debt / EBITDA = 0.94 (Net Debt 3.28b / EBITDA 3.50b)
Debt / FCF = 2.99 (Net Debt 3.28b / FCF TTM 1.09b)
Total Stockholder Equity = 9.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.59% (Net Income 1.96b / Total Assets 17.8b)
RoE = 20.97% (Net Income TTM 1.96b / Total Stockholder Equity 9.35b)
RoCE = 21.04% (EBIT 2.84b / Capital Employed (Equity 9.35b + L.T.Debt 4.18b))
RoIC = 14.65% (NOPAT 2.11b / Invested Capital 14.4b)
WACC = 8.95% (E(35.0b)/V(39.2b) * Re(9.73%) + D(4.20b)/V(39.2b) * Rd(3.30%) * (1-Tc(0.26)))
Discount Rate = 9.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -97.49 | Cagr: -4.04%
[DCF] Terminal Value 76.05% ; FCFF base≈781.3m ; Y1≈895.6m ; Y5≈1.32b
[DCF] Fair Price = 102.4 (EV 17.9b - Net Debt 3.28b = Equity 14.7b / Shares 143.3m; r=8.95% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -36.47 | EPS CAGR: -10.42% | SUE: -2.29 | # QB: -1
Revenue Correlation: 52.33 | Revenue CAGR: 4.50% | SUE: -0.15 | # QB: 0
EPS current Quarter (2027-03-31): EPS=5.59 | Chg30d=+2.45% | Revisions=+62% | Analysts=6
EPS current Year (2026-12-31): EPS=17.26 | Chg30d=-2.74% | Revisions=+22% | GrowthEPS=+116.1% | GrowthRev=+31.4%
EPS next Year (2027-12-31): EPS=21.38 | Chg30d=+10.40% | Revisions=+42% | GrowthEPS=+23.8% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: +52% (up=16, down=4)