(IIIN) Insteel Industries - Overview
Sector: Industrials | Industry: Metal Fabrication | Exchange: NYSE (USA) | Market Cap: 499m USD | Total Return: -25.1% in 12m
Avg Turnover: 5.41M
EPS Trend: 27.9%
Qual. Beats: -1
Rev. Trend: 14.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Insteel Industries Inc. (NYSE: IIIN) manufactures and markets steel wire reinforcing products primarily for concrete construction applications. The company’s core product lines include prestressed concrete strand (PC strand) and welded wire reinforcement (WWR), which provide structural integrity for bridges, parking decks, and drainage systems. Headquartered in North Carolina, Insteel serves a customer base of concrete product manufacturers, rebar fabricators, and contractors across the residential and nonresidential sectors.
The business model relies on the demand for infrastructure and commercial development, where engineered structural mesh often serves as a more efficient alternative to traditional hot-rolled rebar. Steel reinforcement is a critical component in the building products sector, as it enhances the tensile strength of concrete, which is naturally strong in compression but weak under tension. These products are essential for high-stress applications like box culverts and water treatment facilities.
Investors can further analyze these industrial trends and company fundamentals by using ValueRay. By focusing on both made-to-order and standard reinforcement products, Insteel maintains a diversified presence within the domestic construction supply chain.
- Federal infrastructure spending levels drive demand for PC strand and structural mesh
- Volatility in domestic and imported steel scrap prices impacts gross margins
- Interest rate fluctuations influence residential and light nonresidential construction volume
- Trade enforcement actions on imported steel products affect competitive pricing dynamics
- Public works projects and bridge construction cycles dictate long-term revenue growth
| Net Income: 42.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -8.24 > 1.0 |
| NWC/Revenue: 27.91% < 20% (prev 27.41%; Δ 0.50% < -1%) |
| CFO/TA 0.03 > 3% & CFO 15.9m > Net Income 42.5m |
| Net Debt (-12.0m) to EBITDA (73.4m): -0.16 < 3 |
| Current Ratio: 3.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.6m) vs 12m ago 0.19% < -2% |
| Gross Margin: 13.62% > 18% (prev 0.11%; Δ 1.35k% > 0.5%) |
| Asset Turnover: 156.4% > 50% (prev 135.2%; Δ 21.16% > 0%) |
| Interest Coverage Ratio: 888.8 > 6 (EBITDA TTM 73.4m / Interest Expense TTM 62.0k) |
| A: 0.42 (Total Current Assets 263.5m - Total Current Liabilities 71.0m) / Total Assets 460.5m |
| B: 0.55 (Retained Earnings 254.4m / Total Assets 460.5m) |
| C: 0.12 (EBIT TTM 55.1m / Avg Total Assets 441.2m) |
| D: 2.85 (Book Value of Equity 273.8m / Total Liabilities 96.0m) |
| Altman-Z'' = 8.38 = AAA |
| DSRI: 0.84 (Receivables 81.4m/79.9m, Revenue 689.9m/570.5m) |
| GMI: 0.79 (GM 13.62% / 10.82%) |
| AQI: 0.84 (AQ_t 0.15 / AQ_t-1 0.18) |
| SGI: 1.21 (Revenue 689.9m / 570.5m) |
| TATA: 0.06 (NI 42.5m - CFO 15.9m) / TA 460.5m) |
| Beneish M = -3.23 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 26.21 with a total of 143,228 shares traded.
Over the past week, the price has changed by +3.46%,
over one month by +6.24%,
over three months by -27.57% and
over the past year by -25.12%.
Insteel Industries has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold IIIN.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 37 | 41.2% |
P/E Forward = 15.2439
P/S = 0.7236
P/B = 1.4378
P/EG = 1.2698
Revenue TTM = 689.9m USD
EBIT TTM = 55.1m USD
EBITDA TTM = 73.4m USD
Long Term Debt = 1.36m USD (estimated: total debt 3.04m - short term 1.68m)
Short Term Debt = 1.68m USD (from shortTermDebt, last quarter)
Debt = 3.04m USD (from shortLongTermDebtTotal, last quarter) (leases 3.04m already included)
Net Debt = -12.0m USD (calculated: Debt 3.04m - CCE 15.1m)
Enterprise Value = 487.2m USD (499.2m + Debt 3.04m - CCE 15.1m)
Interest Coverage Ratio = 888.8 (Ebit TTM 55.1m / Interest Expense TTM 62.0k)
EV/FCF = 73.22x (Enterprise Value 487.2m / FCF TTM 6.65m)
FCF Yield = 1.37% (FCF TTM 6.65m / Enterprise Value 487.2m)
FCF Margin = 0.96% (FCF TTM 6.65m / Revenue TTM 689.9m)
Net Margin = 6.16% (Net Income TTM 42.5m / Revenue TTM 689.9m)
Gross Margin = 13.62% ((Revenue TTM 689.9m - Cost of Revenue TTM 596.0m) / Revenue TTM)
Gross Margin QoQ = 9.55% (prev 11.29%)
Tobins Q-Ratio = 1.06 (Enterprise Value 487.2m / Total Assets 460.5m)
Interest Expense / Debt = 2.04% (Interest Expense 62.0k / Debt 3.04m)
Taxrate = 23.29% (1.58m / 6.80m)
NOPAT = 42.3m (EBIT 55.1m * (1 - 23.29%))
Current Ratio = 3.71 (Total Current Assets 263.5m / Total Current Liabilities 71.0m)
Debt / Equity = 0.01 (Debt 3.04m / totalStockholderEquity, last quarter 364.5m)
Debt / EBITDA = -0.16 (Net Debt -12.0m / EBITDA 73.4m)
Debt / FCF = -1.81 (Net Debt -12.0m / FCF TTM 6.65m)
Total Stockholder Equity = 362.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.64% (Net Income 42.5m / Total Assets 460.5m)
RoE = 11.72% (Net Income TTM 42.5m / Total Stockholder Equity 362.8m)
RoCE = 15.13% (EBIT 55.1m / Capital Employed (Equity 362.8m + L.T.Debt 1.36m))
RoIC = 11.24% (NOPAT 42.3m / Invested Capital 376.1m)
WACC = 9.13% (E(499.2m)/V(502.3m) * Re(9.18%) + D(3.04m)/V(502.3m) * Rd(2.04%) * (1-Tc(0.23)))
Discount Rate = 9.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -20.0 | Cagr: -0.02%
[DCF] Terminal Value 70.21% ; FCFF base≈20.3m ; Y1≈17.8m ; Y5≈14.4m
[DCF] Fair Price = 11.16 (EV 204.8m - Net Debt -12.0m = Equity 216.8m / Shares 19.4m; r=9.13% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 27.88 | EPS CAGR: 12.17% | SUE: -3.22 | # QB: -1
Revenue Correlation: 14.15 | Revenue CAGR: 1.56% | SUE: -0.64 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.45 | Chg30d=-47.02% | Revisions=N/A | Analysts=2
EPS current Year (2026-09-30): EPS=1.64 | Chg30d=-39.89% | Revisions=N/A | GrowthEPS=-25.7% | GrowthRev=+11.0%
EPS next Year (2027-09-30): EPS=2.31 | Chg30d=-27.81% | Revisions=-20% | GrowthEPS=+41.3% | GrowthRev=+9.6%
[Analyst] Revisions Ratio: -20%