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 37,721 - -
Change - 39.26% 11.41% -9.13% 42.49% 52.44% - -
Enterprise Value (EV) 1 14,180 17,967 20,059 19,860 28,118 40,132 38,190 34,893
Change - 26.71% 11.64% -0.99% 41.58% 42.73% -4.84% -8.63%
P/E 3.99x 4.67x 8.07x 11.6x 21.2x 15.7x 13.8x 14.2x
PBR 2.02x 2.2x 2.13x 1.99x 2.81x 3.61x 3.05x 2.38x
PEG - 0.1x -0.3x -0.4x -1.1x 0x 1x -4.64x
Capitalization / Revenue 0.67x 0.77x 1.02x 0.99x 1.36x 1.6x 1.6x 1.6x
EV / Revenue 0.77x 0.81x 1.07x 1.13x 1.55x 1.7x 1.62x 1.48x
EV / EBITDA 3.05x 3.28x 5.48x 7.96x 13.1x 10x 8.74x 8.68x
EV / EBIT 3.3x 3.53x 6.37x 10.2x 19.1x 12.5x 10.8x 10.8x
EV / FCF 11.8x 5.06x 10.8x -845x 56.1x 19.6x 11.5x 11x
FCF Yield 8.45% 19.8% 9.28% -0.12% 1.78% 5.11% 8.67% 9.13%
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% 0.81% 0.85% 0.87%
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 97.70 118.10 114.07 169.45 263.18 263.18 263.18
Nbr of stocks (in thousands) 198,451 175,571 161,816 152,245 146,035 143,328 - -
Announcement Date 1/24/22 A 1/25/23 A 1/23/24 A 1/22/25 A 1/26/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.74x1.7x10.05x0.81% 37.72B
14.91x1.62x8.5x0.83% 61.67B
16.77x0.95x7.66x0.84% 55.86B
50.6x8.46x31.23x0.15% 26.27B
13.28x1.18x7.12x2.26% 24.27B
12.89x0.79x7.6x3.49% 22.67B
11.93x0.55x4.64x3.01% 17.35B
14.02x4.17x10.86x0.07% 11.16B
14.06x0.93x7.05x2.72% 10.89B
12.26x0.59x5.22x2.45% 9.19B
Average 17.65x 2.09x 9.99x 1.66% 27.7B
Weighted average by Cap. 18.13x 2.01x 10.19x 1.34%

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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