CMC Stock Analysis: Commercial Metals | NYSE
Metal Fabrication | NYSE, USA | Market Cap: 7.140m USD | 12M Return: 4.4% | US2017231034 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 78.1M
EPS Trend: -3.8%
Qual. Beats: 0
Rev. Trend: 35.1%
Qual. Beats: 5
Warnings
Tailwinds
No distinct edge detected
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.
Commercial Metals Company (NYSE: CMC) is a global manufacturer, recycler, and fabricator of steel and metal products, operating through three segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group. Founded in 1915 and headquartered in Irving, Texas, the company serves markets across the United States, Poland, China, and internationally, processing and selling both ferrous and nonferrous scrap metals to steel mills, foundries, and other industrial consumers.
In addition to its scrap metal operations, CMC manufactures finished long steel products such as reinforcing bar, merchant bar, light structural, wire rod, and semi-finished billets. The company also produces fabricated rebar for concrete reinforcement across a wide range of infrastructure and construction projects, including buildings, highways, bridges, stadiums, and dams. The GICS classification places CMC in the Materials sector within the Steel sub-industry, a segment that is highly cyclical and sensitive to construction activity, raw material costs, and global steel demand.
CMC further extends its value chain by selling and renting construction-related products and equipment, manufacturing strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. It also distributes wire meshes, welded steel mesh, cold rolled rebar, and assembled rebar cages to fabricators, distributors, and construction companies. As a vertically integrated steel producer, the company combines raw scrap processing, steel manufacturing, and downstream fabrication, allowing it to capture margin at multiple stages of the supply chain.
- Infrastructure spending lifts rebar pricing and volumes
- Europe Steel Group margins pressured by Polish demand weakness
- Scrap metal margins expand on tight supply dynamics
| Net Income: 655.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.32 > 1.0 |
| NWC/Revenue: 23.20% < 20% (prev 28.67%; Δ -5.47% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.06b > Net Income 655.8m |
| Net Debt (2.63b) to EBITDA (1.25b): 2.11 < 3 |
| Current Ratio: 2.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (111.5m) vs 12m ago -1.03% < -2% |
| Gross Margin: 18.65% > 18% (prev 15.65%; Δ 3.00% > 0.5%) |
| Asset Turnover: 107.8% > 50% (prev 108.7%; Δ -0.95% > 0%) |
| Interest Coverage Ratio: 5.96 > 6 (EBIT TTM 854.3m / Interest Expense TTM 143.3m) |
| A: 0.21 (Total Current Assets 3.81b - Total Current Liabilities 1.63b) / Total Assets 10.3b |
| B: 0.50 (Retained Earnings 5.08b / Total Assets 10.3b) |
| C: 0.10 (EBIT TTM 854.3m / Avg Total Assets 8.71b) |
| D: 0.84 (Book Value of Equity 4.70b / Total Liabilities 5.56b) |
| Altman-Z'' = 4.55 = AA |
| DSRI: 1.09 (Receivables 1.57b/1.20b, Revenue 9.39b/7.80b) |
| GMI: 0.84 (GM 15.65% / 18.65%) |
| AQI: 2.24 (AQ_t 0.29 / AQ_t-1 0.13) |
| SGI: 1.20 (Revenue 9.39b / 7.80b) |
| TATA: -0.04 (NI 655.8m - CFO 1.06b) / TA 10.3b) |
| Beneish M = -2.22 (Cap -4..+1) = BBB |
As of October 25, 2026, the stock is trading at USD 62.77 with a total of 1,019,574 shares traded. Over the past week, the price has changed by -3.40%, over one month by -2.92%, over three months by -7.75% and over the past year by +4.35%.
Current recommended Stop Loss: 58.10 (which is 7.4% or 2.1 ATR below the current price).
Commercial Metals has received a consensus analysts rating of 4.08. Therefore, it is recommended to buy CMC.
- StrongBuy: 5
- Buy: 3
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 78 | 24.3% |
P/E Trailing = 11.0395
P/E Forward = 10.4058
P/S = 0.8255
P/B = 1.5784
P/EG = 12.2526
Revenue TTM = 9.39b USD
EBIT TTM = 854.3m USD
EBITDA TTM = 1.25b USD
Long Term Debt = 3.31b USD (from longTermDebt, two quarters ago)
Short Term Debt = 67.1m USD (from shortTermDebt, last quarter)
Debt = 3.41b USD (from shortLongTermDebtTotal, last quarter) + Leases 28.3m
Net Debt = 2.63b USD (calculated: Debt 3.41b - CCE 775.7m)
Enterprise Value = 9.77b USD (7.14b + Debt 3.41b - CCE 775.7m)
Interest Coverage Ratio = 5.96 (Ebit TTM 854.3m / Interest Expense TTM 143.3m)
EV/FCF = 20.40x (Enterprise Value 9.77b / FCF TTM 479.1m)
FCF Yield = 4.90% (FCF TTM 479.1m / Enterprise Value 9.77b)
FCF Margin = 5.10% (FCF TTM 479.1m / Revenue TTM 9.39b)
Net Margin = 6.98% (Net Income TTM 655.8m / Revenue TTM 9.39b)
Gross Margin = 18.65% ((Revenue TTM 9.39b - Cost of Revenue TTM 7.64b) / Revenue TTM)
Gross Margin QoQ = 18.87% (prev 18.33%)
Tobins Q-Ratio = 0.95 (Enterprise Value 9.77b / Total Assets 10.3b)
Interest Expense / Debt = 4.20% (Interest Expense 143.3m / Debt 3.41b)
Taxrate = 7.76% (55.2m / 711.0m)
NOPAT = 788.1m (EBIT 854.3m * (1 - 7.76%))
Current Ratio = 2.34 (Total Current Assets 3.81b / Total Current Liabilities 1.63b)
Debt / Equity = 0.73 (Debt 3.41b / totalStockholderEquity, last quarter 4.70b)
Debt / EBITDA = 2.11 (Net Debt 2.63b / EBITDA 1.25b)
Debt / FCF = 5.50 (Net Debt 2.63b / FCF TTM 479.1m)
Total Stockholder Equity = 4.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.53% (Net Income 655.8m / Total Assets 10.3b)
RoE = 14.62% (Net Income TTM 655.8m / Total Stockholder Equity 4.49b)
RoCE = 10.96% (EBIT 854.3m / Capital Employed (Equity 4.49b + L.T.Debt 3.31b))
RoIC = 9.58% (NOPAT 788.1m / Invested Capital 8.23b)
WACC = 8.51% (E(7.14b)/V(10.5b) * Re(10.72%) + D(3.41b)/V(10.5b) * Rd(4.20%) * (1-Tc(0.08)))
Discount Rate = 10.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.62 | Cagr: -1.98%
[DCF] Terminal Value 77.46% ; FCFF base≈412.4m ; Y1≈472.7m ; Y5≈695.7m
[DCF] Fair Price = 68.26 (EV 10.2b - Net Debt 2.63b = Equity 7.55b / Shares 110.6m; r=8.51% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -3.80 | EPS CAGR: -1.39% | SUE: 0.79 | # QB: 0
Revenue Correlation: 35.10 | Revenue CAGR: 2.42% | SUE: 2.72 | # QB: 5
EPS current Quarter (2026-11-30): EPS=1.71 | Chg30d=+1.03% | Revisions=+40% | Analysts=6
EPS next Quarter (2027-02-28): EPS=1.21 | Chg30d=-8.17% | Revisions=-40% | Analysts=6
EPS current Year (2027-08-31): EPS=6.80 | Chg30d=-6.79% | Revisions=+0% | GrowthEPS=-0.3% | GrowthRev=+10.5%
EPS next Year (2028-08-31): EPS=6.98 | Chg30d=-2.03% | Revisions=-29% | GrowthEPS=+2.6% | GrowthRev=+2.2%
[Analyst] Revisions Ratio: -13% (up=5, down=7)