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Upturn AI Summary - About
Steel Dynamics Inc(STLD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for STLD
10/19/2026: STLD (3-star) is currently NOT-A-BUY. Pass it for now.
Steel Dynamics Inc is a leading American steel producer known for its efficient electric arc furnace technology and strong vertical integration with its metals recycling business. The company has a history of robust cash flow and profitability, driven by its diverse product mix in flat-rolled and structural steel. Its primary growth story involves capitalizing on domestic construction and automotive demand through ongoing capacity expansion. Risks include high sensitivity to cyclical economic trends, volatile commodity pricing, and intense domestic competition. The stock may suit value and dividend-focused investors seeking exposure to industrial cycles, while they should monitor trade policies and infrastructure spending levels as key forward-looking indicators.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While the company has grown, its growth is inherently tied to cyclical industrial and construction cycles. |
| Momentum investor | Strong fit while signal remains positive | The stock often trends strongly during periods of rising steel prices and infrastructure investment sentiment. |
| Value investor | Strong fit | The company is often priced reasonably relative to its cash flow generation and book value. |
| Dividend investor | Strong fit | The company provides a reliable dividend that is well-supported by its earnings and cash flows. |
| Low-risk investor | Mixed fit | The steel industry is inherently volatile, which may challenge the risk tolerance of conservative investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Steel prices are highly sensitive to global supply-demand dynamics. |
| Valuation risk | Medium | Stock performance is closely tied to cyclical economic expansions. |
| Competition risk (Commodity Pricing) | Medium / high | Low-cost imports and domestic production capacity keep pricing pressure high. |
| Business quality | Strong | The company's EAF model and operational efficiency provide a robust competitive foundation. |
| Dividend income | Medium | Dividends are secure but are subject to board approval based on cyclical financial performance. |
| Execution risk | Medium | Ongoing expansion projects require significant capital and operational management. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 23.81% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/19/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 34.48B USD | Price to earnings Ratio 21.81 | 1Y Target Price 270.82 |
Price to earnings Ratio 21.81 | 1Y Target Price 270.82 | ||
Volume (30-day avg) 946.9K shares | Beta 1.49 | 52 Weeks Range 144.56 - 287.40 | Updated Date 10/18/2026 |
52 Weeks Range 144.56 - 287.40 | Updated Date 10/18/2026 | ||
Dividends yield (FY) 0.86% | Basic EPS (TTM) 11.03 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Steel Operations | Manufacturing of flat roll, structural steel, and other steel products. | This is the primary revenue engine for the company. |
| Metals Recycling | Processing and sales of ferrous and nonferrous scrap. | Provides vertical integration and cost control for the steel mill operations. |
| Steel Fabrication | Production of structural components for construction. | Captures additional value by moving further downstream into construction products. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-19 | When After Market | Estimate 5.42 | Actual - |
Profitability
Profit Margin 7.83% | Operating Margin (TTM) 11.5% |
Management Effectiveness
Return on Assets (TTM) 7.87% | Return on Equity (TTM) 17.57% |
Valuation
Trailing PE 21.81 | Forward PE 10.03 | Enterprise Value 37.21B | Price to Sales(TTM) 1.68 |
Enterprise Value 37.21B | Price to Sales(TTM) 1.68 | ||
Enterprise Value to Revenue 1.81 | Enterprise Value to EBITDA 13.52 | Shares Outstanding 143.33M | Shares Floating 133.55M |
Shares Outstanding 143.33M | Shares Floating 133.55M | ||
Percent Insiders 6.57 | Percent Institutions 86.39 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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