Stock Analysis on Net

Steel Dynamics Inc. (NASDAQ:STLD)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 26, 2022.

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Steel Dynamics Inc., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Steel Dynamics Inc. Annual Report.


The data reflects notable fluctuations and trends in share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over the years under review.

Share Price
The share price demonstrates considerable volatility. Initially, there was a steady increase from $11.56 in 2006 to $30.23 in 2008, followed by a sharp decline to $8.35 in 2009. Post-2009, the price generally increased again, reaching a peak of $70.58 in 2022. This suggests periods of market optimism and correction, with a strong recovery and growth trend materializing in recent years.
Earnings Per Share (EPS)
EPS showed an overall upward trend with significant variations. From $1.27 in 2006, EPS rose gradually, peaking initially at $2.55 in 2009 before dipping to a negative value of -$0.04 in 2010. The subsequent years show recovery and growth, with EPS fluctuating but attaining a remarkable high of $16.80 in 2022. The sharp rise in EPS towards the end emphasizes improved profitability and operational efficiency.
Price-to-Earnings (P/E) Ratio
The P/E ratio exhibits inconsistency with both very low and high points. Early years reflected moderate ratios around 9 to 14, with a notable dip to 3.28 in 2009, likely influenced by increased earnings relative to share price changes or market conditions. The ratio peaked at 28.7 in 2011 and then fluctuated widely, decreasing to 4.2 by 2022. The low P/E ratio in 2022, despite high EPS and share price, could indicate market undervaluation or expectations of future earnings stability.

Overall, the data indicates periods of financial stress followed by recovery and growth. The EPS figures' recent surge, paired with the corresponding increase in share price yet relatively low P/E ratio, could be interpreted as an improvement in company performance potentially not fully reflected in market pricing. Volatility in earlier years points to changing market conditions and company performance fluctuations.


Comparison to Competitors


Comparison to Industry (Materials)