| Intrinsic Valuation of: STLD | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | $19B | |||||
| 2021 | - | - (-) | P/E Ratio | 19 | 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 | 56 | |||||
| 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 | $62 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $3B | ||||||||||
| 2029 | $3B | ||||||||||
| 2030 | $3B | ||||||||||
| 2031 | $4B | ||||||||||
| Terminal Value | $83B | Net Worth/Share | $61 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $67B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $589M | $440 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 7.3% | 382 | 413 | 450 | 495 | 552 | |||
| Equity Value | $65B | 7.4% | 378 | 408 | 445 | 489 | 545 | ||||
| Shares Outstanding | 147,204,992 | 7.4% | 375 | 404 | 440 | 483 | 537 | ||||
| 7.9% | 342 | 366 | 395 | 430 | 472 | ||||||
| DCF Intrinsic Value | $440 | 8.4% | 314 | 335 | 358 | 386 | 420 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||