| Intrinsic Valuation of: STLD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 9 | Market Cap | $33B | |||||
| 2021 | - | - (-) | P/E Ratio | 25 | Total Asset | $16B | |||||
| 2022 | $4B | - (-) | Net Income | $1B | Total Debt | $4B | |||||
| 2023 | $2B | -47.6% (-37.9%) | EBITDA | $2B | Total Liab | $7B | |||||
| 2024 | $-24M | -101.3% (-101.4%) | Opr Margin | 8.80 | Debt/Equity | 0.47 | |||||
| 2025 | $502M | 2233.8% (2159.1%) | PreTax Margin | 8.41 | BV/Share | 57 | |||||
| 5Y Average FCF | $1B | 15.0% (673.3%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 10.64% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2026 | $1B | MBG Intrinsic Value | $84 | ||||||||
| 2027 | $1B | ||||||||||
| 2028 | $1B | ||||||||||
| 2029 | $1B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $19B | Net Worth/Share | $62 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $16B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $770M | $89 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 8.6% | 111 | 119 | 127 | 137 | 150 | |||
| Equity Value | $13B | 9.6% | 94 | 99 | 106 | 113 | 121 | ||||
| Shares Outstanding | 144,212,781 | 10.6% | 81 | 85 | 89 | 95 | 101 | ||||
| 11.6% | 70 | 73 | 77 | 81 | 85 | ||||||
| DCF Intrinsic Value | $89 | 12.6% | 61 | 64 | 67 | 70 | 73 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||