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 35,805 - -
Change - 39.26% 11.41% -9.13% 42.49% 44.69% - -
Enterprise Value (EV) 1 14,180 17,967 20,059 19,860 28,118 38,216 36,274 32,976
Change - 26.71% 11.64% -0.99% 41.58% 35.92% -5.08% -9.09%
P/E 3.99x 4.67x 8.07x 11.6x 21.2x 14.9x 13.1x 13.5x
PBR 2.02x 2.2x 2.13x 1.99x 2.81x 3.42x 2.9x 2.26x
PEG - 0.1x -0.3x -0.4x -1.1x 0x 0.9x -4.41x
Capitalization / Revenue 0.67x 0.77x 1.02x 0.99x 1.36x 1.52x 1.52x 1.52x
EV / Revenue 0.77x 0.81x 1.07x 1.13x 1.55x 1.62x 1.54x 1.4x
EV / EBITDA 3.05x 3.28x 5.48x 7.96x 13.1x 9.57x 8.3x 8.21x
EV / EBIT 3.3x 3.53x 6.37x 10.2x 19.1x 11.9x 10.2x 10.2x
EV / FCF 11.8x 5.06x 10.8x -845x 56.1x 18.6x 11x 10.4x
FCF Yield 8.45% 19.8% 9.28% -0.12% 1.78% 5.37% 9.13% 9.66%
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% 0.85% 0.9% 0.92%
EPS 2 15.56 20.92 14.64 9.84 7.99 16.72 19.07 18.49
Distribution rate 6.68% 6.5% 11.6% 18.7% 25% 12.7% 11.8% 12.4%
Net sales 1 18,409 22,261 18,795 17,540 18,177 23,617 23,550 23,585
EBITDA 1 4,649 5,476 3,663 2,494 2,151 3,995 4,371 4,018
EBIT 1 4,301 5,092 3,151 1,943 1,476 3,215 3,543 3,238
Net income 1 3,214 3,863 2,451 1,537 1,186 2,399 2,687 2,614
Net Debt 1 1,862 813.9 949 2,494 3,372 2,411 468.9 -2,828
Reference price 2 62.07 97.70 118.10 114.07 169.45 249.81 249.81 249.81
Nbr of stocks (in thousands) 198,451 175,571 161,816 152,245 146,035 143,328 - -
Announcement Date 1/24/22 1/25/23 1/23/24 1/22/25 1/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.49x1.59x8.3x0.85% 59.94B
16.18x0.92x7.44x0.87% 53.9B
14.94x1.62x9.57x0.85% 35.8B
39.67x7.59x25.83x0.15% 26.36B
13.26x1.17x7.11x2.26% 24.13B
12.7x0.79x7.52x3.48% 22.71B
11.75x0.54x4.6x3.03% 17.38B
14.37x4.26x11.09x0.05% 11.38B
14.16x0.94x7.12x2.7% 11.01B
Average 16.84x 2.16x 9.84x 1.58% 29.18B
Weighted average by Cap. 16.96x 1.97x 9.70x 1.33%

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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