Company Valuation: Steel Dynamics, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,318 17,153 19,111 17,367 24,746 33,120 - -
Change - 39.26% 11.41% -9.13% 42.49% 33.84% - -
Enterprise Value (EV) 1 14,180 17,967 20,059 19,860 28,118 35,532 33,589 30,292
Change - 26.71% 11.64% -0.99% 41.58% 26.37% -5.47% -9.82%
P/E 3.99x 4.67x 8.07x 11.6x 21.2x 13.7x 12.2x 12.7x
PBR 2.02x 2.2x 2.13x 1.99x 2.81x 3.17x 2.68x 2.09x
PEG - 0.1x -0.3x -0.4x -1.1x 0x 1x -2.94x
Capitalization / Revenue 0.67x 0.77x 1.02x 0.99x 1.36x 1.4x 1.41x 1.41x
EV / Revenue 0.77x 0.81x 1.07x 1.13x 1.55x 1.5x 1.43x 1.29x
EV / EBITDA 3.05x 3.28x 5.48x 7.96x 13.1x 8.85x 7.71x 7.63x
EV / EBIT 3.3x 3.53x 6.37x 10.2x 19.1x 11x 9.52x 9.47x
EV / FCF 11.8x 5.06x 10.8x -845x 56.1x 17.2x 10.2x 9.87x
FCF Yield 8.45% 19.8% 9.28% -0.12% 1.78% 5.82% 9.85% 10.1%
Dividend per Share 2 1.04 1.36 1.7 1.84 2 2.12 2.245 2.301
Rate of return 1.68% 1.39% 1.44% 1.61% 1.18% 0.92% 0.97% 1%
EPS 2 15.56 20.92 14.64 9.84 7.99 16.84 18.97 18.15
Distribution rate 6.68% 6.5% 11.6% 18.7% 25% 12.6% 11.8% 12.7%
Net sales 1 18,409 22,261 18,795 17,540 18,177 23,633 23,541 23,536
EBITDA 1 4,649 5,476 3,663 2,494 2,151 4,014 4,355 3,972
EBIT 1 4,301 5,092 3,151 1,943 1,476 3,232 3,529 3,198
Net income 1 3,214 3,863 2,451 1,537 1,186 2,419 2,671 2,559
Net Debt 1 1,862 813.9 949 2,494 3,372 2,411 468.9 -2,828
Reference price 2 62.07 97.70 118.10 114.07 169.45 231.08 231.08 231.08
Nbr of stocks (in thousands) 198,451 175,571 161,816 152,245 146,035 143,328 - -
Announcement Date 24/01/22 25/01/23 23/01/24 22/01/25 26/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.72x1.5x8.85x0.92% 33.12B
13.47x1.49x7.75x0.91% 56.16B
16.52x0.94x7.58x0.86% 55.05B
13.34x1.18x7.14x2.25% 24.41B
36.25x6.94x23.61x0.17% 24.09B
12.31x0.78x7.43x3.59% 22.06B
12.02x0.55x5.35x2.99% 18.13B
13.65x4.07x10.62x0.05% 10.87B
13.62x0.9x6.83x2.81% 10.65B
-19.03x0.13x2.81x1.1% 9.96B
Average 12.59x 1.85x 8.80x 1.56% 26.45B
Weighted average by Cap. 14.80x 1.75x 8.94x 1.37%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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