Nucor Corporation Intrinsic Stock Value – NUCOR CORPORATION Reports Second Quarter Earnings Results for FY2023
August 10, 2023
🌥️Earnings Overview
On July 24, 2023, NUCOR CORPORATION ($NYSE:NUE) reported the earnings results for the second quarter of FY2023, ending June 30, 2023. Total revenue for the quarter was USD 9.5 billion, representing a 19.3% drop from the same period in the previous year. Meanwhile, net income for the quarter decreased by 43.0%, amounting to USD 1.5 billion.
Price History
The company’s stock opened at a price of $164.8 and closed at $166.6, up by 1.7% from its prior closing price of $163.8. This was largely due to significant cost cuts that were implemented in the past year and increased productivity in its existing facilities. Overall, Nucor Corporation has reported a strong second quarter with improved financial results and increased efficiency in its operations. These results are likely to carry on into the upcoming months, as the company continues to focus on cost-effective measures and increase its production levels. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nucor Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 37.46k | 5.54k | 15.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nucor Corporation. More…
| Operations | Investing | Financing |
| 8.47k | -2.55k | -3.49k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nucor Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 33.38k | 12.44k | 79.43 |
Key Ratios Snapshot
Some of the financial key ratios for Nucor Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.2% | 76.5% | 20.4% |
| FCF Margin | ROE | ROA |
| 17.2% | 24.5% | 14.3% |
Analysis – Nucor Corporation Intrinsic Stock Value
At GoodWhale, we conducted an analysis of NUCOR CORPORATION‘s wellbeing. Through our proprietary Valuation Line, we calculated the intrinsic value of NUCOR CORPORATION shares to be around $139.6. Currently, NUCOR CORPORATION stock is traded at $166.6, a fair price that is overvalued by 19.4%. Based on our findings, investors should be aware of the possibility of the stock price declining in the future. More…
Peers
Nucor Corp is an American steel company that produces steel and steel products. It is the largest steel company in the United States, and the largest mini-mill steelmaker in the world. Nucor competes with Yieh United Steel Corp, Daehan Steel Co Ltd, Takasago Tekko KK, and other steel companies.
– Yieh United Steel Corp ($TPEX:9957)
Yieh United Steel Corp is one of the largest integrated steel producers in the world, with a capacity of 18.9 million tons of crude steel per year. The company has a market capitalization of $19.92 billion and a return on equity of 19.87%. Yieh United Steel Corp is engaged in the production and sale of steel products, including hot and cold-rolled coils, galvanized steel coils, pre-painted steel coils, stainless steel coils, and carbon steel products. The company also produces and sells steel pipes, bars, wire rods, plates, and other steel products.
– Daehan Steel Co Ltd ($KOSE:084010)
Daehan Steel Co Ltd is a South Korean steel manufacturer with a market cap of 234.87B as of 2022. The company has a return on equity of 32.84%. Daehan Steel Co Ltd produces a variety of steel products including hot and cold rolled steel, steel plates, and pipes. The company has a wide range of customers including major corporations in the automotive, shipbuilding, and construction industries.
– Takasago Tekko KK ($TSE:5458)
Takasago Tekko KK is a Japanese company that manufactures and sells metal products. The company has a market cap of 2.49 billion as of 2022 and a return on equity of 15.21%. Takasago Tekko’s products include steel pipes, steel sheets, and aluminum products. The company also provides engineering and construction services.
Summary
Nucor Corporation reported its second quarter earnings of 2023, with total revenues of USD 9.5 billion and net income of USD 1.5 billion. This represents a 19.3% and 43.0% decrease, respectively, compared to the same quarter of the previous year. Investors should take note of this decrease and consider their risk tolerance when making decisions about investing in Nucor Corporation. As Nucor Corporation is a major player in the steel industry, investors should also consider economic and industry outlooks when evaluating their investments.
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