Nucor Corp.

Nucor Corp.

NUE

Market Cap$28.69B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Nucor Corp.Nucor Corp.11.41.78%12%0.90.3

Earnings Call Q3 2024

October 22, 2024 - AI Summary

**Q3 Financial Performance**: Nucor reported EBITDA of $869 million and adjusted earnings of $1.49 per share for Q3 2024, excluding non-cash pretax charges of $123 million, which included impairments in the raw materials and steel products segments. Year-to-date adjusted earnings total approximately $1.8 billion or $7.66 per share.
**Segment Performance**: The steel mills segment's pretax earnings decreased by approximately 50% sequentially to $309 million due to lower realized pricing, particularly in sheet mills. The steel products segment's adjusted pretax earnings were $354 million, reflecting a 20% decline from the previous quarter, driven by lower volumes and pricing, while the raw materials segment realized pretax earnings of approximately $17 million.
**Future Capital Investments**: Nucor anticipates around $3.2 billion in capital expenditures for the full year, funded by strong cash flow from operations, which amounted to $1.3 billion in Q3. Significant projects like the melt shop in Arizona and a rebar micro mill in North Carolina are set to commence operations, driving future growth.

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$144.50

Target Price by Analysts

18.4% upsideNucor Target Price DetailsTarget Price
$315.81

Current Fair Value

158.7% upside

Undervalued by 158.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$28.69 Billion
Enterprise Value$31.36 Billion
Dividend Yield$2.17 (1.77621347302939%)
Earnings per Share$18.05
Beta1.57
Outstanding Shares236,462,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio11.44
PEG-14.65
Price to Sales0.92
Price to Book Ratio1.34
Enterprise Value to Revenue1
Enterprise Value to EBIT10.14
Enterprise Value to Net Income12
Total Debt to Enterprise0.22
Debt to Equity0.34

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Nucor Corp.

CEO: Leon Topalian