STLD - Steel Dynamics, Inc.
Steel Dynamics, Inc. is currently listed on NASDAQ under STLD. One share of STLD stock can currently be purchased for approximately $241.10. Is Steel Dynamics, Inc. (STLD) overvalued or undervalued?
Model output · Signal date 2026-10-16
Steel Dynamics Inc (STLD) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
▲ Bullish
Exact rating locked
90-day forecast
Sign up free to reveal
30-day forecast
Alpha
Rank in coverage
Top 35%
of 5184 stocks scored
Rank correlation · 90D
19.0%
Spearman, 357 dates
Market Cap
$34.48B
large-cap · #3 of 11 peers
Summary
Steel Dynamics Inc (STLD) stock forecast summary
Our AI ranks Steel Dynamics Inc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Steel Dynamics Inc is a large-cap company with a market capitalization of $34.48B. It ranks number 3 by market capitalization among the 11 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) issuers in our coverage with a current forecast.
For STLD, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 19.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 7.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, STLD included.
Follow STLD freePrice
STLD price chart and AI forecast
Cross-section · 2026-10-16
How STLD ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
Steel Dynamics Inc (STLD) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) peers listed below that report each metric.
Valuation & Market
| Metric | STLD | Rank |
|---|---|---|
| Market Cap | $34.48B | 3/11 |
| P/E Ratio | 21.85x | 3/6 |
| P/B Ratio | 3.66x | 2/7 |
| Dividend Yield | 0.86% | 4/5 |
| EPS | $11.01 | – |
| Book Value/Share | $65.72 | – |
| Revenue/Share | $143.30 | – |
| FCF/Share | $6.67 | – |
Profitability & Margins
| Metric | STLD | Rank |
|---|---|---|
| ROE | 17.1% | 3/8 |
| ROA | 9.4% | 3/8 |
| ROIC | 13.9% | 4/7 |
| Gross Margin | 14.7% | 6/9 |
| Operating Margin | 10.0% | 4/7 |
| Net Margin | 7.8% | 4/7 |
| EBT Margin | 9.8% | 4/10 |
| Tax Rate | 20.9% | – |
Financial Health
| Metric | STLD | Rank |
|---|---|---|
| Current Ratio | 3.18x | 2/10 |
| Quick Ratio | 1.45x | 3/10 |
| D/E Ratio | 0.82x | 5/11 |
| Financial Leverage | 1.82x | 6/11 |
| Interest Coverage | 17.0x | 1/5 |
| Working Capital | $4.99B | 4/9 |
Cash Flow
| Metric | STLD | Rank |
|---|---|---|
| Operating Cash Flow | $1.57B | 4/10 |
| Free Cash Flow | $956M | 2/7 |
| Capital Spending | -$616M | 5/7 |
| OCF Growth YoY | 0.7% | 5/7 |
| FCF/Sales | 4.7% | 4/8 |
| CapEx/Sales | 3.0% | 7/8 |
Operational Efficiency
| Metric | STLD | Rank |
|---|---|---|
| Asset Turnover | 1.20x | 4/10 |
| Receivables Turnover | 8.4x | 3/6 |
| Inventory Turnover | 4.4x | 7/9 |
| Fixed Assets Turnover | 2.4x | 6/9 |
| Days Sales Outstanding | 43 days | 4/6 |
| Days Inventory | 82 days | 3/9 |
Income Statement
| Metric | STLD | Rank |
|---|---|---|
| Total Revenue | $20.54B | 3/9 |
| Operating Income | $2.06B | 3/7 |
| Net Income | $1.61B | 4/8 |
| SG&A Expense | $754M | 5/10 |
| Cost of Goods Sold | $17.53B | 4/8 |
Dividend & Shareholder Information
| Metric | STLD | Rank |
|---|---|---|
| Dividends Per Share | $2.07 | – |
| Payout Ratio | 18.8% | – |
| Shares Outstanding | 143M | – |
| Net Income Growth | 54.4% | 3/5 |
| EPS Growth | 59.6% | 4/7 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $7.28B | 42.5% of assets |
| Cash & Short-term Investments | $568M | 3.3% of assets |
| Accounts Receivable | $2.44B | 14.3% of assets |
| Inventory | $3.96B | 23.1% of assets |
| Total Liabilities | $7.75B | 45.3% of assets |
Quarterly Financial Reports
STLD quarterly financials and insider trading
Industry Peers · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Steel Dynamics Inc (STLD) industry peers
Companies classified under the same SEC industry code as Steel Dynamics Inc (Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)): 11 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| STLD Steel Dynamics Inc | ▲ | $34.48B |
| NUE Nucor Corp | ▶ | $58.15B |
| MT Arcelormittal | ▼ | $47.99B |
| TS Tenaris Sa | ▼ | $30.88B |
| CRS Carpenter Technology Corp | ▼ | $18.69B |
| TX Ternium S.A. | ▼ | $11.21B |
| CMC Commercial Metals Co | ▶ | $7.19B |
| SXC Suncoke Energy, Inc. | ▲ | $870M |
| MTUS Metallus Inc. | ▶ | $852M |
| TWI Titan International Inc | ▶ | $429M |
| ASTL Algoma Steel Group Inc. | ▲ | $423M |
Where STLD sits on the market map
Manufacturing · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
News
Steel Dynamics Inc (STLD) stock news
Steel Dynamics gears up for Q3 print; here are the recent forecast changes from Wall Street's most accurate analysts
Steel Dynamics, Inc. STLD will release earnings for its third quarter after the closing bell on Monday, Oct. 19. Analysts ...
Steel Dynamics, Inc. Q1 2008 Earnings Call Transcript
Good day, everyone, and welcome to today's Steel Dynamics First Quarter 2008 Earnings Call. Joining us today are Keith Busse, Chairman and Chief Executive Officer; Mark Millett, President and Chief ...
FAQ
Steel Dynamics Inc (STLD) stock forecast FAQ
What is the Steel Dynamics Inc (STLD) stock forecast?
Our AI ranks Steel Dynamics Inc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Steel Dynamics Inc stock predictions?
For STLD, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 19.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 7.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Steel Dynamics Inc forecasts updated?
Steel Dynamics Inc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Steel Dynamics Inc's industry peers?
11 issuers in our coverage, STLD included, share the SEC industry code Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens). The largest are: Nucor Corp (NUE), Arcelormittal (MT), Tenaris Sa (TS), Carpenter Technology Corp (CRS), Ternium S.A. (TX), Commercial Metals Co (CMC).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.