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Steel Dynamics Inc. pages available for free this week:
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2005
- Current Ratio since 2005
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Calculation
ROA | = | 100 | × | Net income (loss) attributable to Steel Dynamics, Inc.1 | ÷ | Total assets1 | |
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Dec 31, 2021 | = | 100 | × | ÷ | |||
Dec 31, 2020 | = | 100 | × | ÷ | |||
Dec 31, 2019 | = | 100 | × | ÷ | |||
Dec 31, 2018 | = | 100 | × | ÷ | |||
Dec 31, 2017 | = | 100 | × | ÷ | |||
Dec 31, 2016 | = | 100 | × | ÷ | |||
Dec 31, 2015 | = | 100 | × | ÷ | |||
Dec 31, 2014 | = | 100 | × | ÷ | |||
Dec 31, 2013 | = | 100 | × | ÷ | |||
Dec 31, 2012 | = | 100 | × | ÷ | |||
Dec 31, 2011 | = | 100 | × | ÷ | |||
Dec 31, 2010 | = | 100 | × | ÷ | |||
Dec 31, 2009 | = | 100 | × | ÷ | |||
Dec 31, 2008 | = | 100 | × | ÷ | |||
Dec 31, 2007 | = | 100 | × | ÷ | |||
Dec 31, 2006 | = | 100 | × | ÷ | |||
Dec 31, 2005 | = | 100 | × | ÷ |
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$ in thousands
- Net Income (Loss) Trend
- The net income attributable to the company exhibits significant fluctuations over the analyzed period. After reaching a peak of approximately 463 million USD at the end of 2008, the company experienced a substantial loss close to 8 million USD in 2009. Following this downturn, earnings generally recovered and showed an increasing trend, particularly notable from 2015 onward. Net income surged dramatically, culminating in a substantial increase to over 3.2 billion USD by the end of 2021, marking the highest value in the period under review.
- Total Assets Trend
- Total assets have displayed a general upward trajectory throughout the period. Starting from around 1.76 billion USD in 2005, assets increased consistently, with some periods showing more pronounced growth, notably towards the later years. The asset base reached its zenith at approximately 12.53 billion USD by the end of 2021, indicating significant expansion and possibly investment in growth or accumulation of capital assets over time.
- Return on Assets (ROA) Trend
- The return on assets percentage exhibits notable variability. Initially rising from 12.62% in 2005 to a peak of 17.65% in 2006, the ratio then declined significantly to single-digit levels between 2007 and 2010, even dipping into negative territory in 2009 (-0.16%) and again in 2015 (-2.1%). After these downturns, ROA showed a progressive recovery, surpassing 16% by 2018 and reaching a remarkable 25.65% by the end of 2021. This trend reflects improvements in profitability relative to asset base efficiency over the later years.
- Insights and Observations
- The data indicates that while the company faced considerable challenges around the 2008-2009 global financial crisis period, as evidenced by the sharp drop in net income and ROA, it has since exhibited strong recovery and growth momentum. The consistent increase in total assets accompanied by the substantial rise in profitability metrics towards the end of the period may suggest successful strategic initiatives, operational efficiencies, or favorable market conditions. The pronounced increase in net income in the final years relative to asset growth points to effective utilization of assets in generating earnings.
Comparison to Competitors
Steel Dynamics Inc. | Freeport-McMoRan Inc. | |
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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).
Comparison to Industry (Materials)
Steel Dynamics Inc. | Materials | |
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Dec 31, 2021 | ||
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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).