WORTHINGTON STEEL INC (WS) Fundamental Analysis & Valuation

NYSE:WS • US9821041012

Current stock price

35.01 USD
+1.08 (+3.18%)
At close:
29.8 USD
-5.21 (-14.88%)
After Hours:

This WS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. WS Profitability Analysis

1.1 Basic Checks

  • In the past year WS was profitable.
  • In the past year WS had a positive cash flow from operations.
  • Each year in the past 5 years WS has been profitable.
  • Each year in the past 5 years WS had a positive operating cash flow.
WS Yearly Net Income VS EBIT VS OCF VS FCFWS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 2025 100M 200M 300M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.80%, WS is in the better half of the industry, outperforming 74.84% of the companies in the same industry.
  • The Return On Equity of WS (11.15%) is better than 72.96% of its industry peers.
  • WS has a better Return On Invested Capital (8.03%) than 67.30% of its industry peers.
  • WS had an Average Return On Invested Capital over the past 3 years of 9.34%. This is significantly below the industry average of 61.16%.
Industry RankSector Rank
ROA 5.8%
ROE 11.15%
ROIC 8.03%
ROA(3y)6.29%
ROA(5y)8.01%
ROE(3y)11.49%
ROE(5y)15.25%
ROIC(3y)9.34%
ROIC(5y)12.06%
WS Yearly ROA, ROE, ROICWS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • The Profit Margin of WS (3.82%) is better than 64.78% of its industry peers.
  • In the last couple of years the Profit Margin of WS has declined.
  • Looking at the Operating Margin, with a value of 5.17%, WS is in line with its industry, outperforming 56.60% of the companies in the same industry.
  • WS's Operating Margin has been stable in the last couple of years.
  • WS has a Gross Margin of 12.76%. This is comparable to the rest of the industry: WS outperforms 44.65% of its industry peers.
  • In the last couple of years the Gross Margin of WS has grown nicely.
Industry RankSector Rank
OM 5.17%
PM (TTM) 3.82%
GM 12.76%
OM growth 3Y-1.36%
OM growth 5YN/A
PM growth 3Y-6.89%
PM growth 5YN/A
GM growth 3Y8.93%
GM growth 5YN/A
WS Yearly Profit, Operating, Gross MarginsWS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 2025 5 10 15

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5

2. WS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WS is destroying value.
  • The number of shares outstanding for WS has been increased compared to 1 year ago.
  • Compared to 1 year ago, WS has an improved debt to assets ratio.
WS Yearly Shares OutstandingWS Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 2025 10M 20M 30M 40M
WS Yearly Total Debt VS Total AssetsWS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • WS has an Altman-Z score of 3.17. This indicates that WS is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.17, WS is in line with its industry, outperforming 49.06% of the companies in the same industry.
  • The Debt to FCF ratio of WS is 2.62, which is a good value as it means it would take WS, 2.62 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of WS (2.62) is better than 76.10% of its industry peers.
  • WS has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of WS (0.14) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 2.62
Altman-Z 3.17
ROIC/WACC0.66
WACC12.24%
WS Yearly LT Debt VS Equity VS FCFWS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 1.80 indicates that WS should not have too much problems paying its short term obligations.
  • WS has a Current ratio of 1.80. This is in the lower half of the industry: WS underperforms 61.01% of its industry peers.
  • A Quick Ratio of 1.09 indicates that WS should not have too much problems paying its short term obligations.
  • WS's Quick ratio of 1.09 is on the low side compared to the rest of the industry. WS is outperformed by 63.52% of its industry peers.
Industry RankSector Rank
Current Ratio 1.8
Quick Ratio 1.09
WS Yearly Current Assets VS Current LiabilitesWS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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3

3. WS Growth Analysis

3.1 Past

  • WS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.93%.
  • WS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -15.32% yearly.
  • WS shows a decrease in Revenue. In the last year, the revenue decreased by -0.75%.
  • WS shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -8.73% yearly.
EPS 1Y (TTM)-8.93%
EPS 3Y-15.32%
EPS 5YN/A
EPS Q2Q%100%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y-8.73%
Revenue growth 5YN/A
Sales Q2Q%17.98%

3.2 Future

  • Based on estimates for the next years, WS will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.59% on average per year.
  • WS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.42% yearly.
EPS Next Y18.09%
EPS Next 2Y20.48%
EPS Next 3Y15.9%
EPS Next 5Y9.59%
Revenue Next Year19.03%
Revenue Next 2Y10.95%
Revenue Next 3Y8%
Revenue Next 5Y4.42%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
WS Yearly Revenue VS EstimatesWS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1B 2B 3B 4B
WS Yearly EPS VS EstimatesWS Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 1 2 3

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8

4. WS Valuation Analysis

4.1 Price/Earnings Ratio

  • WS is valuated correctly with a Price/Earnings ratio of 13.73.
  • Compared to the rest of the industry, the Price/Earnings ratio of WS indicates a rather cheap valuation: WS is cheaper than 89.31% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of WS to the average of the S&P500 Index (25.50), we can say WS is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 11.22 indicates a reasonable valuation of WS.
  • 74.84% of the companies in the same industry are more expensive than WS, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of WS to the average of the S&P500 Index (22.67), we can say WS is valued rather cheaply.
Industry RankSector Rank
PE 13.73
Fwd PE 11.22
WS Price Earnings VS Forward Price EarningsWS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, WS is valued cheaper than 86.16% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, WS is valued cheaply inside the industry as 80.50% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 24.54
EV/EBITDA 7.01
WS Per share dataWS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of WS may justify a higher PE ratio.
  • A more expensive valuation may be justified as WS's earnings are expected to grow with 15.90% in the coming years.
PEG (NY)0.76
PEG (5Y)N/A
EPS Next 2Y20.48%
EPS Next 3Y15.9%

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4

5. WS Dividend Analysis

5.1 Amount

  • WS has a Yearly Dividend Yield of 1.73%.
  • Compared to an average industry Dividend Yield of 1.14, WS pays a better dividend. On top of this WS pays more dividend than 83.02% of the companies listed in the same industry.
  • WS's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.73%

5.2 History

  • WS has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
WS Yearly Dividends per shareWS Yearly Dividends per shareYearly Dividends per share 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 26.08% of the earnings are spent on dividend by WS. This is a low number and sustainable payout ratio.
DP26.08%
EPS Next 2Y20.48%
EPS Next 3Y15.9%
WS Yearly Income VS Free CF VS DividendWS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
WS Dividend Payout.WS Dividend Payout, showing the Payout Ratio.WS Dividend Payout.PayoutRetained Earnings

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WS Fundamentals: All Metrics, Ratios and Statistics

WORTHINGTON STEEL INC

NYSE:WS (3/25/2026, 4:28:12 PM)

After market: 29.8 -5.21 (-14.88%)

35.01

+1.08 (+3.18%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)12-17
Earnings (Next)03-25
Inst Owners53.46%
Inst Owner Change-0.47%
Ins Owners35.91%
Ins Owner Change3.46%
Market Cap1.78B
Revenue(TTM)3.27B
Net Income(TTM)124.60M
Analysts82
Price Target47.94 (36.93%)
Short Float %3.83%
Short Ratio4.58
Dividend
Industry RankSector Rank
Dividend Yield 1.73%
Yearly Dividend0.65
Dividend Growth(5Y)N/A
DP26.08%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.52%
Min EPS beat(2)-5.4%
Max EPS beat(2)-1.64%
EPS beat(4)1
Avg EPS beat(4)-3.17%
Min EPS beat(4)-29.21%
Max EPS beat(4)23.57%
EPS beat(8)3
Avg EPS beat(8)-5.84%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)3.86%
Min Revenue beat(2)1.54%
Max Revenue beat(2)6.18%
Revenue beat(4)3
Avg Revenue beat(4)0.64%
Min Revenue beat(4)-6.19%
Max Revenue beat(4)6.18%
Revenue beat(8)6
Avg Revenue beat(8)3.29%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)14.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.21%
Valuation
Industry RankSector Rank
PE 13.73
Fwd PE 11.22
P/S 0.54
P/FCF 24.54
P/OCF 8.86
P/B 1.59
P/tB 1.92
EV/EBITDA 7.01
EPS(TTM)2.55
EY7.28%
EPS(NY)3.12
Fwd EY8.91%
FCF(TTM)1.43
FCFY4.08%
OCF(TTM)3.95
OCFY11.28%
SpS64.26
BVpS21.99
TBVpS18.25
PEG (NY)0.76
PEG (5Y)N/A
Graham Number35.52
Profitability
Industry RankSector Rank
ROA 5.8%
ROE 11.15%
ROCE 10.79%
ROIC 8.03%
ROICexc 8.48%
ROICexgc 9.64%
OM 5.17%
PM (TTM) 3.82%
GM 12.76%
FCFM 2.22%
ROA(3y)6.29%
ROA(5y)8.01%
ROE(3y)11.49%
ROE(5y)15.25%
ROIC(3y)9.34%
ROIC(5y)12.06%
ROICexc(3y)9.6%
ROICexc(5y)12.34%
ROICexgc(3y)10.85%
ROICexgc(5y)13.6%
ROCE(3y)12.75%
ROCE(5y)15.86%
ROICexgc growth 3Y-10.2%
ROICexgc growth 5YN/A
ROICexc growth 3Y-9.72%
ROICexc growth 5YN/A
OM growth 3Y-1.36%
OM growth 5YN/A
PM growth 3Y-6.89%
PM growth 5YN/A
GM growth 3Y8.93%
GM growth 5YN/A
F-Score3
Asset Turnover1.52
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 2.62
Debt/EBITDA 0.64
Cap/Depr 169.8%
Cap/Sales 3.93%
Interest Coverage 250
Cash Conversion 82.12%
Profit Quality 58.19%
Current Ratio 1.8
Quick Ratio 1.09
Altman-Z 3.17
F-Score3
WACC12.24%
ROIC/WACC0.66
Cap/Depr(3y)140.43%
Cap/Depr(5y)109.29%
Cap/Sales(3y)2.83%
Cap/Sales(5y)2.15%
Profit Quality(3y)153.93%
Profit Quality(5y)107.18%
High Growth Momentum
Growth
EPS 1Y (TTM)-8.93%
EPS 3Y-15.32%
EPS 5YN/A
EPS Q2Q%100%
EPS Next Y18.09%
EPS Next 2Y20.48%
EPS Next 3Y15.9%
EPS Next 5Y9.59%
Revenue 1Y (TTM)-0.75%
Revenue growth 3Y-8.73%
Revenue growth 5YN/A
Sales Q2Q%17.98%
Revenue Next Year19.03%
Revenue Next 2Y10.95%
Revenue Next 3Y8%
Revenue Next 5Y4.42%
EBIT growth 1Y-14.22%
EBIT growth 3Y-9.98%
EBIT growth 5YN/A
EBIT Next Year78.24%
EBIT Next 3Y28.85%
EBIT Next 5Y16.8%
FCF growth 1Y3.95%
FCF growth 3Y218.23%
FCF growth 5YN/A
OCF growth 1Y15.44%
OCF growth 3Y79.98%
OCF growth 5YN/A

WORTHINGTON STEEL INC / WS Fundamental Analysis FAQ

What is the ChartMill fundamental rating of WORTHINGTON STEEL INC (WS) stock?

ChartMill assigns a fundamental rating of 5 / 10 to WS.


What is the valuation status of WORTHINGTON STEEL INC (WS) stock?

ChartMill assigns a valuation rating of 8 / 10 to WORTHINGTON STEEL INC (WS). This can be considered as Undervalued.


What is the profitability of WS stock?

WORTHINGTON STEEL INC (WS) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for WS stock?

The Price/Earnings (PE) ratio for WORTHINGTON STEEL INC (WS) is 13.73 and the Price/Book (PB) ratio is 1.59.


Is the dividend of WORTHINGTON STEEL INC sustainable?

The dividend rating of WORTHINGTON STEEL INC (WS) is 4 / 10 and the dividend payout ratio is 26.08%.