WORTHINGTON STEEL INC (WS) Fundamental Analysis & Valuation

NYSE:WS • US9821041012

Current stock price

28.1 USD
-1.69 (-5.67%)
At close:
28.1 USD
0 (0%)
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

  • WS had positive earnings in the past year.
  • In the past year WS had a positive cash flow from operations.
  • In the past 5 years WS has always been profitable.
  • In the past 5 years WS always reported a positive cash flow from operatings.
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.
  • WS's Return On Equity of 11.15% is fine compared to the rest of the industry. WS outperforms 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 60.43%.
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

  • With a decent Profit Margin value of 3.82%, WS is doing good in the industry, outperforming 64.78% of the companies in the same industry.
  • WS's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 5.17%, WS is in line with its industry, outperforming 55.97% of the companies in the same industry.
  • WS's Operating Margin has been stable in the last couple of years.
  • WS's Gross Margin of 12.76% is in line compared 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.
  • WS has more shares outstanding than it did 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 3.05. This indicates that WS is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of WS (3.05) is comparable to the rest of the industry.
  • WS has a debt to FCF ratio of 2.62. This is a good value and a sign of high solvency as WS would need 2.62 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.62, WS is in the better half of the industry, outperforming 75.47% of the companies in the same industry.
  • WS has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.14, WS is in line with its industry, outperforming 52.83% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 2.62
Altman-Z 3.05
ROIC/WACC0.65
WACC12.32%
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 worse Current ratio (1.80) than 61.01% of its industry peers.
  • WS has a Quick Ratio of 1.09. This is a normal value and indicates that WS is financially healthy and should not expect problems in meeting 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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4

3. WS Growth Analysis

3.1 Past

  • WS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.35%, which is quite good.
  • The earnings per share for WS have been decreasing by -15.32% on average. This is quite bad
  • Looking at the last year, WS shows a decrease in Revenue. The Revenue has decreased by -9.83% in the last year.
  • Measured over the past years, WS shows a decrease in Revenue. The Revenue has been decreasing by -8.73% on average per year.
EPS 1Y (TTM)14.35%
EPS 3Y-15.32%
EPS 5YN/A
EPS Q2Q%-22.86%
Revenue 1Y (TTM)-9.83%
Revenue growth 3Y-8.73%
Revenue growth 5YN/A
Sales Q2Q%11.99%

3.2 Future

  • WS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.59% yearly.
  • 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

  • A Price/Earnings ratio of 11.38 indicates a reasonable valuation of WS.
  • Based on the Price/Earnings ratio, WS is valued cheaply inside the industry as 91.19% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 24.88. WS is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 9.00, which indicates a very decent valuation of WS.
  • Based on the Price/Forward Earnings ratio, WS is valued a bit cheaper than 76.10% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. WS is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.38
Fwd PE 9
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

  • 89.94% of the companies in the same industry are more expensive than WS, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, WS is valued cheaply inside the industry as 83.65% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 19.69
EV/EBITDA 6.15
WS Per share dataWS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • WS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • WS has a very decent profitability rating, which may justify a higher PE ratio.
  • WS's earnings are expected to grow with 15.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.63
PEG (5Y)N/A
EPS Next 2Y20.48%
EPS Next 3Y15.9%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. WS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.73%, WS has a reasonable but not impressive dividend return.
  • In the last 3 months the price of WS has falen by -22.03%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • WS's Dividend Yield is rather good when compared to the industry average which is at 1.19. WS pays more dividend than 83.02% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, WS has a dividend comparable with the average S&P500 company.
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

  • WS pays out 26.08% of its income as dividend. This is a 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 (3/27/2026, 8:04:00 PM)

After market: 28.1 0 (0%)

28.1

-1.69 (-5.67%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-25
Earnings (Next)06-23
Inst Owners53.46%
Inst Owner Change-0.47%
Ins Owners35.91%
Ins Owner Change-0.99%
Market Cap1.43B
Revenue(TTM)3.09B
Net Income(TTM)124.60M
Analysts82
Price Target47.94 (70.6%)
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 11.38
Fwd PE 9
P/S 0.44
P/FCF 19.69
P/OCF 7.11
P/B 1.28
P/tB 1.54
EV/EBITDA 6.15
EPS(TTM)2.47
EY8.79%
EPS(NY)3.12
Fwd EY11.11%
FCF(TTM)1.43
FCFY5.08%
OCF(TTM)3.95
OCFY14.06%
SpS64.26
BVpS21.99
TBVpS18.25
PEG (NY)0.63
PEG (5Y)N/A
Graham Number34.96
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 3.05
F-Score3
WACC12.32%
ROIC/WACC0.65
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)14.35%
EPS 3Y-15.32%
EPS 5YN/A
EPS Q2Q%-22.86%
EPS Next Y18.09%
EPS Next 2Y20.48%
EPS Next 3Y15.9%
EPS Next 5Y9.59%
Revenue 1Y (TTM)-9.83%
Revenue growth 3Y-8.73%
Revenue growth 5YN/A
Sales Q2Q%11.99%
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 11.38 and the Price/Book (PB) ratio is 1.28.


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%.