STLD Stock Analysis: Steel Dynamics | NASDAQ
Steel | NASDAQ, USA | Market Cap: 33.677m USD | 12M Return: 97.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 281M
EPS Trend: -72.3%
Qual. Beats: 1
Rev. Trend: 6.8%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 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. (STLD) is a major 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 produces a broad range of steel products-including hot rolled, cold rolled, and coated steel, as well as structural beams, rail products, and specialty bar products-serving end markets such as construction, automotive, manufacturing, transportation, energy, and pipe and tube. The company was founded in 1993, is headquartered in Fort Wayne, Indiana, and also exports its products internationally.
The companys vertical integration is a defining feature of its business model, combining scrap collection and processing through its Metals Recycling Operations with downstream steel production, fabrication, and aluminum flat rolled products. This structure is characteristic of electric arc furnace (EAF) steelmakers, who rely on scrap metal as a primary feedstock rather than iron ore and coke used by traditional integrated blast furnace producers.
As a large-cap Materials sector company in the GICS Steel sub-industry, Steel Dynamics operates in a cyclical industry whose earnings are closely tied to demand from construction and automotive end markets, as well as to scrap metal and finished steel pricing. The U.S. steel industry remains a mature, capital-intensive sector that competes with both domestic integrated producers and significant import volumes.
- Steel selling prices outpace scrap costs, expanding mill margins
- Aluminum flat rolled segment scales with new Sinton capacity
- Capital return program accelerates via buybacks and rising dividends
| Net Income: 1.61b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 6.27 > 1.0 |
| NWC/Revenue: 24.31% < 20% (prev 22.58%; Δ 1.74% < -1%) |
| CFO/TA 0.09 > 3% & CFO 1.57b > Net Income 1.61b |
| Net Debt (3.61b) to EBITDA (2.97b): 1.22 < 3 |
| Current Ratio: 3.18 > 1.5 & < 3 |
| Outstanding Shares: last quarter (144.4m) vs 12m ago -3.30% < -2% |
| Gross Margin: 14.62% > 18% (prev 12.55%; Δ 2.07% > 0.5%) |
| Asset Turnover: 125.8% > 50% (prev 110.3%; Δ 15.48% > 0%) |
| Interest Coverage Ratio: 20.95 > 6 (EBIT TTM 2.37b / Interest Expense TTM 112.9m) |
| A: 0.29 (Total Current Assets 7.28b - Total Current Liabilities 2.29b) / Total Assets 17.1b |
| B: 0.96 (Retained Earnings 16.5b / Total Assets 17.1b) |
| C: 0.14 (EBIT TTM 2.37b / Avg Total Assets 16.3b) |
| D: 1.22 (Book Value of Equity 9.42b / Total Liabilities 7.75b) |
| Altman-Z'' = 7.30 = AAA |
| DSRI: 1.20 (Receivables 2.44b/1.70b, Revenue 20.5b/17.1b) |
| GMI: 0.86 (GM 12.55% / 14.62%) |
| AQI: 0.87 (AQ_t 0.08 / AQ_t-1 0.09) |
| SGI: 1.20 (Revenue 20.5b / 17.1b) |
| TATA: 0.00 (NI 1.61b - CFO 1.57b) / TA 17.1b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of July 25, 2026, the stock is trading at USD 247.11 with a total of 860,218 shares traded. Over the past week, the price has changed by +4.93%, over one month by +2.58%, over three months by +9.21% and over the past year by +97.17%.
Current recommended Stop Loss: 236.30 (which is 4.4% or 1.3 ATR below the current price).
Steel Dynamics has received a consensus analysts rating of 4.21. Therefore, it is recommended to buy STLD.
- StrongBuy: 7
- Buy: 3
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 268.5 | 8.6% |
P/E Trailing = 24.685
P/E Forward = 14.3472
P/S = 1.7713
P/B = 3.6228
P/EG = 10.9053
Revenue TTM = 20.5b USD
EBIT TTM = 2.37b USD
EBITDA TTM = 2.97b USD
Long Term Debt = 4.18b USD (from longTermDebt, last fiscal year)
Short Term Debt = 1.33m USD (from shortTermDebt, last quarter)
Debt = 4.18b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.61b USD (calculated: Debt 4.18b - CCE 567.7m)
Enterprise Value = 37.3b USD (33.7b + Debt 4.18b - CCE 567.7m)
Interest Coverage Ratio = 20.95 (Ebit TTM 2.37b / Interest Expense TTM 112.9m)
EV/FCF = 39.03x (Enterprise Value 37.3b / FCF TTM 955.6m)
FCF Yield = 2.56% (FCF TTM 955.6m / Enterprise Value 37.3b)
FCF Margin = 4.65% (FCF TTM 955.6m / Revenue TTM 20.5b)
Net Margin = 7.83% (Net Income TTM 1.61b / Revenue TTM 20.5b)
Gross Margin = 14.62% ((Revenue TTM 20.5b - Cost of Revenue TTM 17.5b) / Revenue TTM)
Gross Margin QoQ = 15.74% (prev 14.66%)
Tobins Q-Ratio = 2.18 (Enterprise Value 37.3b / Total Assets 17.1b)
Interest Expense / Debt = 2.70% (Interest Expense 112.9m / Debt 4.18b)
Taxrate = 26.30% (572.0m / 2.17b)
NOPAT = 1.74b (EBIT 2.37b * (1 - 26.30%))
Current Ratio = 3.18 (Total Current Assets 7.28b / Total Current Liabilities 2.29b)
Debt / Equity = 0.44 (Debt 4.18b / totalStockholderEquity, last quarter 9.42b)
Debt / EBITDA = 1.22 (Net Debt 3.61b / EBITDA 2.97b)
Debt / FCF = 3.78 (Net Debt 3.61b / FCF TTM 955.6m)
Total Stockholder Equity = 9.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.84% (Net Income 1.61b / Total Assets 17.1b)
RoE = 17.60% (Net Income TTM 1.61b / Total Stockholder Equity 9.13b)
RoCE = 17.77% (EBIT 2.37b / Capital Employed (Equity 9.13b + L.T.Debt 4.18b))
RoIC = 12.23% (NOPAT 1.74b / Invested Capital 14.3b)
WACC = 9.43% (E(33.7b)/V(37.9b) * Re(10.35%) + D(4.18b)/V(37.9b) * Rd(2.70%) * (1-Tc(0.26)))
Discount Rate = 10.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.51 | Cagr: -4.29%
[DCF] Terminal Value 71.75% ; FCFF base≈955.6m ; Y1≈959.5m ; Y5≈1.02b
[DCF] Fair Price = 67.59 (EV 13.4b - Net Debt 3.61b = Equity 9.75b / Shares 144.2m; r=9.43% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -72.35 | EPS CAGR: -21.16% | SUE: 2.01 | # QB: 1
Revenue Correlation: 6.83 | Revenue CAGR: 0.40% | SUE: 3.50 | # QB: 2
EPS current Quarter (2026-09-30): EPS=5.14 | Chg30d=+5.91% | Revisions=+62% | Analysts=9
EPS current Year (2026-12-31): EPS=16.41 | Chg30d=+4.07% | Revisions=+44% | GrowthEPS=+105.4% | GrowthRev=+23.5%
EPS next Year (2027-12-31): EPS=18.87 | Chg30d=+5.46% | Revisions=+50% | GrowthEPS=+15.0% | GrowthRev=+2.1%
[Analyst] Revisions Ratio: +67% (up=16, down=2)