Steel Dynamics (STLD)
NASDAQMaterialsSteelSnapshot 2026-09-04
$242.06-1.61%
Close 2026-09-04 · 1-day change
NASDAQMaterialsSteelSnapshot 2026-09-04
Research Workspace
Put STLD beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Materials: fringe margins under pressure (0q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — EPS guidance near $3.53 per share for next quarter: EPS guidance $3.53 vs target $3.51-$3.55.
View ThesisRevenue growth is accelerating — up about 20% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, earnings delivery, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 2% a day.
View RiskSteel Dynamics' (STLD) growth relies on strong domestic steel demand and market position. Recent earnings showed an EPS of 3.69, beating expectations. The stock trades at 22× P/E versus a peer median of 18×, suggesting it looks expensive. The primary risk is a potential guidance cut, with a 17% chance of missing next quarter's estimates. Peer multiples imply a price about 11% below where it trades. The thesis is on watch due to pressure on EPS guidance.
Trailing returns as of 2026-09-04. STLD is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 14 analysts currently covering STLD (as of Sep 2026).
Based on 6 Wall Street analysts offering 12-month price targets for STLD in the last 4 months.
Continue this research
Compare STLD with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Free account required to save the handoff. No credit card.
| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| STLD Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Steel — fair value, gap to price, and forward P/E.
Compare the value case
Put STLD next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Strengthen domestic steel demand and market position
Proposed tariffs strengthen domestic steel demand and market position.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $242.06
The last 12 months of price, then the range of analyst 12-month targets from today’s $242.06.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Threatens: Strengthen domestic steel demand and market position
Tariff reduction could weaken domestic steel demand.
Advances: Strengthen domestic steel demand and market position
Widening spreads enhance domestic steel demand and market position.
Advances: Expand aluminum flat rolled products operations
Goldman Sachs supports aluminum growth objective.
Threatens: Expand aluminum flat rolled products operations
Aluminum losses impact growth in flat rolled operations.
Advances: Expand aluminum flat rolled products operations
Targets 90% aluminum capacity aligns with growth objective.
Advances: Strengthen domestic steel demand and market position
Tariff-driven demand supports domestic steel market position.
Advances: Strengthen domestic steel demand and market position
Record shipments and pricing strengthen market position.
