A Business at a Glance
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Worthington Steel, Inc.
WS
$1.8B
Mkt Cap
$35.98
+0.00%
Worthington Steel, Inc. (WS) has a current P/E ratio of 14.6, compared to its historical median P/E of 11.0. The stock is currently considered Expensive based on its historical valuation range.
Worthington Steel, Inc. (WS) has a 5-year average return on invested capital (ROIC) of 10.8%. This indicates solid capital allocation.
Worthington Steel, Inc. (WS) has a market capitalization of $1.8B. It is classified as a small-cap stock.
Yes, Worthington Steel, Inc. (WS) pays a dividend with a trailing twelve-month yield of 1.82%.
Based on historical P/E analysis, Worthington Steel, Inc. (WS) appears expensive. The current P/E of 14.6 is 32% above its historical median of 11.0. The estimated fair value CAGR (P/E method) is -3.6%.
Worthington Steel, Inc. (WS) operates in the Steel Works, Blast Furnaces & Rolling & Finishing Mills industry, within the Materials sector.
Worthington Steel, Inc. (WS) reported annual revenue of $3.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
General Overview Worthington Steel, Inc., an Ohio corporation (“Worthington Steel” and, together with its consolidated subsidiaries and joint ventures, referred to herein as the “Company,” “we,” “us” or “our”) is one of North America’s premier value-added metals processors with the ability to provide a diversified range of products and services that span a variety of end markets. We are a value-added processor of carbon flat-rolled steel and a producer of laser welded solutions and electrical steel laminations. We are one of the largest independent intermediate processors of carbon flat-rolled steel in the U.S. We occupy a niche in the steel industry by focusing on products requiring exact specifications. We buy coils of steel from primary steel producers and process them to the precise type, thickness, length, width, shape and surface quality required by customer specifications.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | 3.3B | 3.1B | 3.4B | 3.6B | 4.1B |
| Net Income | 122M | 111M | 155M | 87M | 180M |
| EPS | $2.45 | $2.19 | $3.11 | $1.77 | $3.66 |
| Free Cash Flow | 81M | 100M | 96M | 270M | 3.1M |
| ROIC | 8.3% | 9.7% | 14.6% | 8.0% | - |
| Gross Margin | 12.3% | 12.6% | 12.8% | 9.3% | 9.7% |
| Debt/Equity | 0.22 | 0.28 | 0.15 | 0.02 | - |
| Dividends/Share | $0.65 | $0.64 | $0.16 | $0.00 | $0.00 |
| Operating Income | 140M | 147M | 195M | 120M | 227M |
| Operating Margin | 4.2% | 4.8% | 5.7% | 3.3% | 5.6% |
| ROE | 10.8% | 10.8% | 15.4% | 7.6% | - |
| Shares Outstanding | 50M | 51M | 50M | 49M | 49M |
| Metric | |||||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 4.1B | 3.6B | 3.4B | 3.1B | 3.3B |
| Gross Margin | 9.7% | 9.3% | 12.8% | 12.6% | 12.3% |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | 180M | 201M | 224M | 232M | 275M |
| EBIT | 227M | 120M | 195M | 147M | 140M |
| Op. Margin | 5.6% | 3.3% | 5.7% | 4.8% | 4.2% |
| Net Income | 180M | 87M | 155M | 111M | 122M |
| Net Margin | 4.4% | 2.4% | 4.5% | 3.6% | 3.6% |
| Non-Recurring | 19M | 5.5M | 400K | 700K | 700K |
| Returns on Capital | |||||
| ROIC | N/A | 8.0% | 14.6% | 9.7% | 8.3% |
| ROE | N/A | 7.6% | 15.4% | 10.8% | 10.8% |
| ROA | N/A | 9.8% | 8.5% | 5.8% | 5.3% |
| Cash Flow | |||||
| Op. Cash Flow | 40M | 315M | 200M | 230M | 210M |
| Free Cash Flow | 3.1M | 270M | 96M | 100M | 81M |
| Owner Earnings | -29M | 235M | 124M | 153M | -612M |
| CapEx | 36M | 46M | 103M | 130M | 130M |
| Maint. CapEx | 60M | 70M | 65M | 66M | 813M |
| Growth CapEx | 0 | 0 | 38M | 64M | 0 |
| D&A | 60M | 70M | 65M | 66M | 813M |
| CapEx/OCF | N/A | N/A | 51.8% | 56.6% | 61.7% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 7.9M | 32M | 33M |
| Dividend Yield | N/A | N/A | 0.5% | 2.0% | 1.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 8.7M | 10M | 10M | 11M | 8.9M |
| Debt Repayment | 15M | 15M | 0 | 0 | 0 |
| Balance Sheet | |||||
| Net Debt | 37M | -9.9M | 108M | 263M | 161M |
| Cash & Equiv. | 20M | 33M | 40M | 38M | 90M |
| Long-Term Debt | 15M | 0 | 0 | 2.3M | 32M |
| Debt/Equity | N/A | 0.02 | 0.15 | 0.28 | 0.22 |
| Interest Coverage | 75.5 | 40.1 | 32.4 | 20.7 | 16.0 |
| Equity | N/A | 1.0B | 985M | 1.1B | 1.1B |
| Total Assets | N/A | 1.8B | 1.9B | 2.0B | 2.3B |
| Total Liabilities | N/A | 610M | 749M | 764M | 958M |
| Intangibles | N/A | 83M | 77M | 68M | 87M |
| Retained Earnings | N/A | 0 | 86M | 164M | 206M |
| Working Capital | N/A | 502M | 383M | 417M | 361M |
| Current Assets | N/A | 981M | 1.0B | 1.0B | 1.1B |
| Current Liabilities | N/A | 478M | 618M | 632M | 746M |
| Per Share Data | |||||
| EPS | 3.66 | 1.77 | 3.11 | 2.19 | 2.45 |
| Owner EPS | -0.58 | 4.78 | 2.49 | 3.03 | -12.26 |
| Book Value | N/A | 20.91 | 19.81 | 21.25 | 22.53 |
| Cash Flow/Share | 0.80 | 6.40 | 4.01 | 4.56 | 18.74 |
| Dividends/Share | 0.00 | 0.00 | 0.16 | 0.64 | 0.65 |
| Shares Out. | 49.3M | 49.2M | 49.7M | 50.5M | 49.9M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | 10.6 | 11.5 | 14.7 |
| P/FCF | N/A | N/A | 17.0 | 12.7 | 22.3 |
| EV/EBIT | N/A | N/A | 8.7 | 10.2 | 14.0 |
| Price/Book | N/A | N/A | 1.7 | 1.2 | 1.6 |
| Price/Sales | N/A | N/A | 0.4 | 0.5 | 0.5 |
| FCF Yield | N/A | N/A | 5.9% | 7.8% | 4.5% |
| Market Cap | 0 | N/A | 1.6B | 1.3B | 1.8B |
| Avg. Price | 0.00 | N/A | 29.61 | 31.60 | 35.98 |
| Year-End Price | 0.00 | N/A | 32.82 | 25.19 | 35.98 |
Worthington Steel, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Worthington Steel, Inc. trades at 14.6x trailing earnings, compared to its 15-year median P/E of 11.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 25.2x vs a median of 14.9x. The company's 5-year average ROIC is 10.8% with a gross margin of 11.1%. Total shareholder yield (dividends) is 1.8%. At current prices, the estimated annualized return to fair value is -17.6%.
Worthington Steel, Inc. (WS) has a net profit margin of 3.6%. This is a modest margin.
Worthington Steel, Inc. (WS) generated $100 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Worthington Steel, Inc. (WS) has a debt-to-equity ratio of 0.28. This indicates a conservatively financed balance sheet.
Worthington Steel, Inc. (WS) reported earnings per share (EPS) of $2.19 in its most recent fiscal year.
Worthington Steel, Inc. (WS) has a return on equity (ROE) of 10.8%. This indicates moderate shareholder returns.
Worthington Steel, Inc. (WS) has a 5-year average gross margin of 11.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 4 years of financial data for Worthington Steel, Inc. (WS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Worthington Steel, Inc. (WS) has a book value per share of $21.25, based on its most recent annual SEC filing.