(WS) Worthington Steel - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US9821041012
Stock: Steel, Blanks, Stampings, Aluminum, Lamination
Total Rating 60
Risk 82
Buy Signal 1.42
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.18% |
| Yield on Cost 5y | 3.33% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 98.3% |
| Payout Ratio | 25.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 44.0% |
| Relative Tail Risk | -9.16% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.19 |
| Alpha | 38.24 |
| Character TTM | |
|---|---|
| Beta | 1.175 |
| Beta Downside | 1.043 |
| Drawdowns 3y | |
|---|---|
| Max DD | 50.98% |
| CAGR/Max DD | 0.65 |
Description: WS Worthington Steel January 16, 2026
Worthington Steel, Inc. (NYSE: WS) is a U.S.-based steel processor that manufactures carbon flat-rolled steel, tailor-welded blanks (including aluminum-based), and precision-stampings for automotive, construction, machinery, heavy-truck, agricultural, and energy applications. The company was incorporated in 2023 and operates out of Columbus, Ohio.
Key industry metrics that shape WS’s outlook include: (1) U.S. steel demand is projected to grow 2-3% YoY in 2024, driven by a rebound in automotive production and infrastructure spending; (2) Domestic steel capacity utilization hovers around 78%, leaving modest room for price appreciation if demand accelerates; and (3) WS’s latest quarterly filing reported an adjusted EBITDA margin of ~6.5%, modestly above the sector median of 5.8%, suggesting relatively efficient cost control.
For a deeper dive into WS’s valuation metrics and peer comparison, you might explore the analysis on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 124.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -4.43 > 1.0 |
| NWC/Revenue: 14.25% < 20% (prev 11.85%; Δ 2.41% < -1%) |
| CFO/TA 0.09 > 3% & CFO 200.7m > Net Income 124.6m |
| Net Debt (189.0m) to EBITDA (253.4m): 0.75 < 3 |
| Current Ratio: 1.80 > 1.5 & < 3 |
| Outstanding Shares: last quarter (49.7m) vs 12m ago -1.78% < -2% |
| Gross Margin: 12.76% > 18% (prev 0.13%; Δ 1263 % > 0.5%) |
| Asset Turnover: 167.9% > 50% (prev 189.1%; Δ -21.24% > 0%) |
| Interest Coverage Ratio: 22.24 > 6 (EBITDA TTM 253.4m / Interest Expense TTM 8.00m) |
Altman Z'' 2.61
| A: 0.22 (Total Current Assets 1.05b - Total Current Liabilities 584.9m) / Total Assets 2.15b |
| B: 0.09 (Retained Earnings 203.5m / Total Assets 2.15b) |
| C: 0.09 (EBIT TTM 177.9m / Avg Total Assets 1.94b) |
| D: 0.25 (Book Value of Equity 202.0m / Total Liabilities 803.1m) |
| Altman-Z'' Score: 2.61 = A |
Beneish M -2.96
| DSRI: 1.18 (Receivables 445.6m/382.1m, Revenue 3.27b/3.29b) |
| GMI: 1.03 (GM 12.76% / 13.12%) |
| AQI: 0.90 (AQ_t 0.16 / AQ_t-1 0.18) |
| SGI: 0.99 (Revenue 3.27b / 3.29b) |
| TATA: -0.04 (NI 124.6m - CFO 200.7m) / TA 2.15b) |
| Beneish M-Score: -2.96 (Cap -4..+1) = A |
What is the price of WS shares?
As of February 04, 2026, the stock is trading at USD 44.41 with a total of 264,873 shares traded.
Over the past week, the price has changed by +14.02%, over one month by +25.91%, over three months by +40.36% and over the past year by +61.22%.
Over the past week, the price has changed by +14.02%, over one month by +25.91%, over three months by +40.36% and over the past year by +61.22%.
Is WS a buy, sell or hold?
Worthington Steel has received a consensus analysts rating of 4.00.
Therefore, it is recommended to buy WS.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the WS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 47 | 5.8% |
| Analysts Target Price | 47 | 5.8% |
| ValueRay Target Price | 50.6 | 13.9% |
WS Fundamental Data Overview February 01, 2026
P/E Trailing = 16.2874
P/E Forward = 11.6009
P/S = 0.6263
P/B = 1.826
Revenue TTM = 3.27b USD
EBIT TTM = 177.9m USD
EBITDA TTM = 253.4m USD
Long Term Debt = 41.7m USD (from longTermDebt, last quarter)
Short Term Debt = 153.1m USD (from shortTermDebt, last quarter)
Debt = 278.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 189.0m USD (from netDebt column, last quarter)
Enterprise Value = 2.23b USD (2.05b + Debt 278.8m - CCE 89.8m)
Interest Coverage Ratio = 22.24 (Ebit TTM 177.9m / Interest Expense TTM 8.00m)
EV/FCF = 30.81x (Enterprise Value 2.23b / FCF TTM 72.5m)
FCF Yield = 3.25% (FCF TTM 72.5m / Enterprise Value 2.23b)
FCF Margin = 2.22% (FCF TTM 72.5m / Revenue TTM 3.27b)
Net Margin = 3.82% (Net Income TTM 124.6m / Revenue TTM 3.27b)
Gross Margin = 12.76% ((Revenue TTM 3.27b - Cost of Revenue TTM 2.85b) / Revenue TTM)
Gross Margin QoQ = 10.69% (prev 13.20%)
Tobins Q-Ratio = 1.04 (Enterprise Value 2.23b / Total Assets 2.15b)
Interest Expense / Debt = 0.97% (Interest Expense 2.70m / Debt 278.8m)
Taxrate = 16.34% (4.20m / 25.7m)
NOPAT = 148.8m (EBIT 177.9m * (1 - 16.34%))
Current Ratio = 1.80 (Total Current Assets 1.05b / Total Current Liabilities 584.9m)
Debt / Equity = 0.25 (Debt 278.8m / totalStockholderEquity, last quarter 1.12b)
Debt / EBITDA = 0.75 (Net Debt 189.0m / EBITDA 253.4m)
Debt / FCF = 2.61 (Net Debt 189.0m / FCF TTM 72.5m)
Total Stockholder Equity = 1.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.41% (Net Income 124.6m / Total Assets 2.15b)
RoE = 11.57% (Net Income TTM 124.6m / Total Stockholder Equity 1.08b)
RoCE = 15.90% (EBIT 177.9m / Capital Employed (Equity 1.08b + L.T.Debt 41.7m))
RoIC = 11.94% (NOPAT 148.8m / Invested Capital 1.25b)
WACC = 9.11% (E(2.05b)/V(2.32b) * Re(10.24%) + D(278.8m)/V(2.32b) * Rd(0.97%) * (1-Tc(0.16)))
Discount Rate = 10.24% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.02%
[DCF Debug] Terminal Value 66.47% ; FCFF base≈97.8m ; Y1≈67.1m ; Y5≈33.5m
Fair Price DCF = 6.91 (EV 540.0m - Net Debt 189.0m = Equity 351.0m / Shares 50.8m; r=9.11% [WACC]; 5y FCF grow -36.69% → 2.90% )
[DCF Warning] FCF declining rapidly (-36.69%), DCF may be unreliable
EPS Correlation: -3.24 | EPS CAGR: -39.56% | SUE: -0.05 | # QB: 0
Revenue Correlation: -53.62 | Revenue CAGR: -5.80% | SUE: 1.20 | # QB: 2
EPS current Year (2026-05-31): EPS=2.46 | Chg30d=+0.000 | Revisions Net=-2 | Growth EPS=+14.1% | Growth Revenue=+17.8%
EPS next Year (2027-05-31): EPS=3.03 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+22.9% | Growth Revenue=+3.4%
P/E Forward = 11.6009
P/S = 0.6263
P/B = 1.826
Revenue TTM = 3.27b USD
EBIT TTM = 177.9m USD
EBITDA TTM = 253.4m USD
Long Term Debt = 41.7m USD (from longTermDebt, last quarter)
Short Term Debt = 153.1m USD (from shortTermDebt, last quarter)
Debt = 278.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 189.0m USD (from netDebt column, last quarter)
Enterprise Value = 2.23b USD (2.05b + Debt 278.8m - CCE 89.8m)
Interest Coverage Ratio = 22.24 (Ebit TTM 177.9m / Interest Expense TTM 8.00m)
EV/FCF = 30.81x (Enterprise Value 2.23b / FCF TTM 72.5m)
FCF Yield = 3.25% (FCF TTM 72.5m / Enterprise Value 2.23b)
FCF Margin = 2.22% (FCF TTM 72.5m / Revenue TTM 3.27b)
Net Margin = 3.82% (Net Income TTM 124.6m / Revenue TTM 3.27b)
Gross Margin = 12.76% ((Revenue TTM 3.27b - Cost of Revenue TTM 2.85b) / Revenue TTM)
Gross Margin QoQ = 10.69% (prev 13.20%)
Tobins Q-Ratio = 1.04 (Enterprise Value 2.23b / Total Assets 2.15b)
Interest Expense / Debt = 0.97% (Interest Expense 2.70m / Debt 278.8m)
Taxrate = 16.34% (4.20m / 25.7m)
NOPAT = 148.8m (EBIT 177.9m * (1 - 16.34%))
Current Ratio = 1.80 (Total Current Assets 1.05b / Total Current Liabilities 584.9m)
Debt / Equity = 0.25 (Debt 278.8m / totalStockholderEquity, last quarter 1.12b)
Debt / EBITDA = 0.75 (Net Debt 189.0m / EBITDA 253.4m)
Debt / FCF = 2.61 (Net Debt 189.0m / FCF TTM 72.5m)
Total Stockholder Equity = 1.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.41% (Net Income 124.6m / Total Assets 2.15b)
RoE = 11.57% (Net Income TTM 124.6m / Total Stockholder Equity 1.08b)
RoCE = 15.90% (EBIT 177.9m / Capital Employed (Equity 1.08b + L.T.Debt 41.7m))
RoIC = 11.94% (NOPAT 148.8m / Invested Capital 1.25b)
WACC = 9.11% (E(2.05b)/V(2.32b) * Re(10.24%) + D(278.8m)/V(2.32b) * Rd(0.97%) * (1-Tc(0.16)))
Discount Rate = 10.24% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 2.02%
[DCF Debug] Terminal Value 66.47% ; FCFF base≈97.8m ; Y1≈67.1m ; Y5≈33.5m
Fair Price DCF = 6.91 (EV 540.0m - Net Debt 189.0m = Equity 351.0m / Shares 50.8m; r=9.11% [WACC]; 5y FCF grow -36.69% → 2.90% )
[DCF Warning] FCF declining rapidly (-36.69%), DCF may be unreliable
EPS Correlation: -3.24 | EPS CAGR: -39.56% | SUE: -0.05 | # QB: 0
Revenue Correlation: -53.62 | Revenue CAGR: -5.80% | SUE: 1.20 | # QB: 2
EPS current Year (2026-05-31): EPS=2.46 | Chg30d=+0.000 | Revisions Net=-2 | Growth EPS=+14.1% | Growth Revenue=+17.8%
EPS next Year (2027-05-31): EPS=3.03 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+22.9% | Growth Revenue=+3.4%