Commercial Metals Stock Intrinsic Value – Commercial Metals to Report Quarterly Earnings on Thursday: Register for Conference Call Now!
June 17, 2023
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Commercial Metals ($NYSE:CMC) Company (NYSE: CMC) is a global and diversified manufacturer and recycler of steel and metal products, with operations in the United States and around the world. On Thursday, June 22, Commercial Metals will be releasing their quarterly earnings before the market opens, as reported by Zacks. Investors and analysts alike are eager to see the results of the company’s performance. To discuss the results, Commercial Metals will be hosting a conference call that same day.
The conference call will provide an opportunity to hear from Commercial Metals’ management team regarding their strategy, outlook, and performance from the previous quarter. Investors should take this chance to look closer into Commercial Metals and how it is positioned in the current market. With such positive momentum, many investors are hoping that Commercial Metals can continue to outperform in the upcoming quarterly report.
Earnings
According to the report, total revenue for the quarter ending February 28 2021 was 1462.27M USD, with a net income of 66.36M USD. Compared to the same time period from the previous year, these figures represent a 27.2% decrease in total revenue and an 82.7% decrease in net income. Notably, the company’s total revenue has decreased from 1462.27M USD to 2018.0M USD over the last three years. Those interested in participating in the conference call can register now for more information and detailed insights.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Commercial Metals. More…
| Total Revenues | Net Income | Net Margin |
| 9.17k | 1.04k | 11.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Commercial Metals. More…
| Operations | Investing | Financing |
| 1.2k | -1.16k | -442.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Commercial Metals. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.48k | 2.7k | 32.28 |
Key Ratios Snapshot
Some of the financial key ratios for Commercial Metals are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.0% | 42.3% | 14.9% |
| FCF Margin | ROE | ROA |
| 7.2% | 23.2% | 13.2% |
Share Price
Investors will be keen to learn the company’s performance and outlook going forward. On Friday, COMMERCIAL METALS stock opened at $48.5 and closed at $47.8, down by 1.0% from prior closing price of 48.3. Analysts expect the earnings results to be a key driver for the stock performance in the next few weeks. Live Quote…
Analysis – Commercial Metals Stock Intrinsic Value
At GoodWhale, our team conducted an analysis of COMMERCIAL METALS to assess their wellbeing. With our proprietary Valuation Line, we estimated that the fair value of COMMERCIAL METALS share is around $42.6. That being said, the current stock price of COMMERCIAL METALS is $47.8. This implies that the share is currently overvalued by 12.1%. Although the stock is trading at a higher rate than expected, we believe that COMMERCIAL METALS is still doing well and will continue to do so in the future. More…
Peers
Commercial Metals Co is one of the world’s largest producers and marketers of steel and metal products. The company operates in more than 30 countries and serves a wide range of industries, including construction, transportation, energy, and manufacturing. Commercial Metals Co’s competitors include KG Dongbusteel, Steel Dynamics Inc, Yieh Phui Enterprise Co Ltd, and a number of other large steel and metal producers.
– KG Dongbusteel ($KOSE:016380)
Dongbu Steel is a South Korean steel company. It was founded in 1954 and is headquartered in Seoul. The company has four business units: steel, trading, engineering, and construction. Dongbu Steel is one of the largest steel companies in South Korea, with an annual production capacity of 5 million tons of crude steel. The company supplies steel to major Korean conglomerates such as Hyundai, POSCO, and LG. In addition to its domestic market, Dongbu Steel exports to over 60 countries around the world.
– Steel Dynamics Inc ($NASDAQ:STLD)
Steel Dynamics Inc is an American steel manufacturer. The company produces steel and steel products, including hot and cold rolled, coated, and painted steel products. The company has a market cap of 16.97B as of 2022 and a Return on Equity of 50.1%. Steel Dynamics is one of the largest steel manufacturers in the United States.
– Yieh Phui Enterprise Co Ltd ($TWSE:2023)
Yieh Phui Enterprise Co Ltd is a Taiwanese company that manufactures and sells steel products. The company has a market cap of 28.19B as of 2022 and a Return on Equity of 13.27%. The company’s products include hot and cold rolled steel, steel plates, steel pipes, and more.
Summary
Commercial Metals Company (CMC) is set to report its quarterly earnings on Thursday, June 22nd. CMC has met or exceeded earnings estimates in each of the past four quarters. Investing in CMC could afford an investor the opportunity to gain exposure to the steel and iron ore industries. The company is an integrated manufacturer and distributor of steel and metal products. CMC operates in three segments: America Mills, Americas Recycling, and International Mill.
A successful earnings report could result in a jump in price due to positive sentiment in the market. Investors should bear in mind that significant swings in metal prices and currency exchange rates may influence CMC’s future performance. CMC should benefit from the pandemic-driven surge in demand for steel, with expectations that the company will continue to expand its capacity in 2021.
