Ryerson Holding Stock Fair Value – Allspring Global Investments reduces stake in Ryerson Holding Co. by 7% in Q3
November 7, 2024
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RYERSON HOLDING ($NYSE:RYI), also known as Ryerson, is a leading global distributor and processor of metals. The company operates in North America and China, serving a wide range of industries including automotive, energy, construction, and manufacturing. Ryerson provides a full line of products such as carbon steel, aluminum, stainless steel, and specialty metals to its customers. The firm made this decision based on their 13F filings with the Securities and Exchange Commission (SEC). This filing provides valuable information on the holdings of these institutional investors, giving insights into their investment strategies and potential market trends. It is important to note that the reduction in stake by Allspring Global Investments does not reflect on Ryerson’s performance or prospects. It could simply be a strategic decision by the investment firm to rebalance its portfolio or take profits from its position in Ryerson.
However, this news may impact Ryerson’s stock price in the short term as investors react to the decrease in stake. While the reasons behind this decision are unknown, it is important to remember that 13F filings provide a snapshot of an institutional investor’s holdings and should not be the sole factor in making investment decisions. Ryerson continues to be a strong player in the metals distribution industry and its performance should be evaluated based on its financial reports and overall market trends.
Analysis – Ryerson Holding Stock Fair Value
As a team of financial experts, we at GoodWhale have thoroughly analyzed the wellbeing of RYERSON HOLDING, a leading company in the manufacturing and distribution of metals. Our analysis has revealed some key insights into the company’s current state and potential for growth. Firstly, based on our proprietary Valuation Line, we have determined that the intrinsic value of RYERSON HOLDING’s share is approximately $27.7. This takes into account various factors such as the company’s financial performance, market trends, and industry outlook. This indicates that the stock is currently undervalued by around 21.7%. RYERSON HOLDING’s current stock price of $21.67 is significantly lower than its intrinsic value, therefore presenting a buying opportunity for investors. The undervaluation of the stock can be attributed to various reasons such as market fluctuations, industry challenges, or company-specific issues. However, our thorough analysis of RYERSON HOLDING’s financials and industry position has shown that the company is well-positioned for long-term growth. With a strong management team and a diversified portfolio of products, RYERSON HOLDING has the potential to deliver solid returns for its shareholders. In conclusion, as experts in the financial field, our analysis suggests that RYERSON HOLDING’s stock is currently undervalued and presents a good investment opportunity for those looking to enter the market or add to their portfolio. We recommend investors to carefully evaluate their options and consider investing in RYERSON HOLDING for potential long-term gains. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ryerson Holding. More…
| Total Revenues | Net Income | Net Margin |
| 5.11k | 145.7 | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ryerson Holding. More…
| Operations | Investing | Financing |
| 365.1 | -262.1 | -88.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ryerson Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.57k | 1.66k | 26.61 |
Key Ratios Snapshot
Some of the financial key ratios for Ryerson Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.8% | 50.6% | 4.5% |
| FCF Margin | ROE | ROA |
| 4.8% | 16.0% | 5.6% |
Peers
Ryerson Holding Corp is one of the largest steel service center companies in North America. The company offers a broad range of value-added processing and inventory management services. Ryerson has over 100 locations in the United States and Canada, and employs approximately 8,000 people. The company’s competitors include Manaksia Coated Metals & Industries Ltd, Russel Metals Inc, and Ampco-Pittsburgh Corp. These companies are all large steel service center companies that offer a variety of value-added processing and inventory management services.
– Manaksia Coated Metals & Industries Ltd ($BSE:539046)
Manaksia Coated Metals & Industries Ltd (MCMIL) is engaged in the business of manufacturing and marketing of pre-painted steel sheets, steel pipes and tubes, and other steel products. The company has a market cap of 1.16B as of 2022 and a return on equity of 16.86%.
MCMIL is a leading manufacturer of pre-painted steel sheets in India. The company offers a wide range of products including pre-painted galvanized steel sheets, color coated steel sheets, and aluminum zinc coated steel sheets. MCMIL also manufactures steel pipes and tubes, and other steel products. The company has a well-established sales and distribution network in India and abroad.
– Russel Metals Inc ($TSX:RUS)
Russell Metals Inc is a leading North American metals distributor focused on the industrial metals sector. The company provides a broad range of products and services to customers in a variety of industries, including metals service centers, energy, transportation, construction, and manufacturing. Russell Metals is a publicly traded company with a market cap of 1.83B as of 2022. The company’s Return on Equity (ROE) is 28.83%.
– Ampco-Pittsburgh Corp ($NYSE:AP)
Ampco-Pittsburgh Corporation is engaged in the design, manufacture and sale of engineered forgings and castings, brakes, aerospace and other metal products, and metal powder. The Company operates through three segments: the Forged and Cast Engineered Products Segment, the Fluid Power Segment and the Brake and Friction Segment. The Forged and Cast Engineered Products Segment includes forgings, castings, fabricated metal assemblies, machined components and metal powder products. The Fluid Power Segment includes hydraulic pumps, power cylinders and hand pumps. The Brake and Friction Segment provides friction materials and related products for the transportation industry. Its products are used in a range of applications, including construction, mining, energy, transportation, marine and general industrial.
Summary
Allspring Global Investments Holdings LLC reduced their stake in Ryerson Holding Co. by 7.0% in the 3rd quarter. This indicates a decrease in confidence in the company’s performance. It is important to note that investing in Ryerson Holding Co. may not be as profitable as previously thought. Investors should carefully consider the company’s financial standing and market trends before making any investment decisions.
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