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 33,778 - -
Change - 39.26% 11.41% -9.13% 42.49% 36.5% - -
Enterprise Value (EV) 1 14,180 17,967 20,059 19,860 28,118 36,396 34,631 32,034
Change - 26.71% 11.64% -0.99% 41.58% 29.44% -4.85% -7.5%
P/E 3.99x 4.67x 8.07x 11.6x 21.2x 14.5x 12.9x 12.8x
PBR 2.02x 2.2x 2.13x 1.99x 2.81x 3.2x 2.68x 2.14x
PEG - 0.1x -0.3x -0.4x -1.1x 0x 1x 14.26x
Capitalization / Revenue 0.67x 0.77x 1.02x 0.99x 1.36x 1.5x 1.45x 1.44x
EV / Revenue 0.77x 0.81x 1.07x 1.13x 1.55x 1.61x 1.49x 1.37x
EV / EBITDA 3.05x 3.28x 5.48x 7.96x 13.1x 9.44x 7.94x 7.88x
EV / EBIT 3.3x 3.53x 6.37x 10.2x 19.1x 11.6x 9.95x 9.68x
EV / FCF 11.8x 5.06x 10.8x -845x 56.1x 17.5x 11.5x 10.1x
FCF Yield 8.45% 19.8% 9.28% -0.12% 1.78% 5.7% 8.72% 9.88%
Dividend per Share 2 1.04 1.36 1.7 1.84 2 2.12 2.242 2.305
Rate of return 1.68% 1.39% 1.44% 1.61% 1.18% 0.91% 0.96% 0.98%
EPS 2 15.56 20.92 14.64 9.84 7.99 16.14 18.16 18.32
Distribution rate 6.68% 6.5% 11.6% 18.7% 25% 13.1% 12.3% 12.6%
Net sales 1 18,409 22,261 18,795 17,540 18,177 22,575 23,238 23,416
EBITDA 1 4,649 5,476 3,663 2,494 2,151 3,856 4,362 4,065
EBIT 1 4,301 5,092 3,151 1,943 1,476 3,131 3,482 3,309
Net income 1 3,214 3,863 2,451 1,537 1,186 2,362 2,632 2,642
Net Debt 1 1,862 813.9 949 2,494 3,372 2,619 853 -1,744
Reference price 2 62.07 97.70 118.10 114.07 169.45 234.22 234.22 234.22
Nbr of stocks (in thousands) 198,451 175,571 161,816 152,245 146,035 144,213 - -
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.($)
13.82x1.44x8x0.98% 52.06B
12.68x0.78x6.21x1.06% 44.77B
58.27x9.71x35.83x0.13% 30.16B
12.69x1.2x7.03x2.21% 25.03B
-66.57x0.75x7.57x4.39% 17.62B
13.27x0.56x5.22x2.97% 16.24B
14.41x4.26x11.07x0.06% 10.75B
12.31x0.8x6.02x3.15% 9.13B
Average 8.86x 2.44x 10.87x 1.87% 25.72B
Weighted average by Cap. 12.99x 2.47x 11.39x 1.52%

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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