| Intrinsic Valuation of: STLD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 8 | Market Cap | $19B | |||||
| 2021 | - | - (-) | P/E Ratio | 17 | Total Asset | $15B | |||||
| 2022 | $1B | - (-) | Net Income | $2B | Total Debt | $3B | |||||
| 2023 | $4B | 196.5% (145.2%) | EBITDA | $3B | Total Liab | $6B | |||||
| 2024 | $2B | -47.6% (-37.9%) | Opr Margin | 0.12 | Debt/Equity | 0.31 | |||||
| 2025 | $-24M | -101.3% (-101.4%) | PreTax Margin | 11.70 | BV/Share | 55 | |||||
| 5Y Average FCF | $2B | 15.9% (2.0%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.9%) | ||||||||||
| 2026 | $2B | MBG Intrinsic Value | $69 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $3B | ||||||||||
| 2029 | $3B | ||||||||||
| 2030 | $3B | ||||||||||
| 2031 | $4B | ||||||||||
| Terminal Value | $83B | Net Worth/Share | $60 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $67B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $589M | $436 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 7.3% | 379 | 409 | 446 | 491 | 548 | |||
| Equity Value | $65B | 7.4% | 375 | 405 | 441 | 485 | 540 | ||||
| Shares Outstanding | 148,454,000 | 7.4% | 372 | 401 | 436 | 479 | 533 | ||||
| 7.9% | 339 | 363 | 392 | 426 | 468 | ||||||
| DCF Intrinsic Value | $436 | 8.4% | 312 | 332 | 355 | 383 | 417 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||