WORTHINGTON STEEL INC (WS) Fundamental Analysis & Valuation

NYSE:WS • US9821041012

Current stock price

37.225 USD
-0.45 (-1.18%)
Last:

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.
  • WS had positive earnings in each of the past 5 years.
  • WS had a positive operating cash flow in each of the past 5 years.
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 5.23%, WS is in the better half of the industry, outperforming 74.85% of the companies in the same industry.
  • The Return On Equity of WS (10.78%) is better than 71.17% of its industry peers.
  • With a decent Return On Invested Capital value of 6.36%, WS is doing good in the industry, outperforming 61.96% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for WS is significantly below the industry average of 58.77%.
Industry RankSector Rank
ROA 5.23%
ROE 10.78%
ROIC 6.36%
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

  • Looking at the Profit Margin, with a value of 3.62%, WS is in the better half of the industry, outperforming 64.42% 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 4.21%, WS is in line with its industry, outperforming 51.53% of the companies in the same industry.
  • In the last couple of years the Operating Margin of WS has remained more or less at the same level.
  • WS's Gross Margin of 12.29% is in line compared to the rest of the industry. WS outperforms 43.56% of its industry peers.
  • WS's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.21%
PM (TTM) 3.62%
GM 12.29%
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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4

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.
  • Compared to 1 year ago, WS has more shares outstanding
  • 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 2.92. This is not the best score and indicates that WS is in the grey zone with still only limited risk for bankruptcy at the moment.
  • WS has a Altman-Z score (2.92) which is comparable to the rest of the industry.
  • WS has a debt to FCF ratio of 3.21. This is a good value and a sign of high solvency as WS would need 3.21 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 3.21, WS is doing good in the industry, outperforming 73.01% of the companies in the same industry.
  • WS has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of WS (0.20) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 3.21
Altman-Z 2.92
ROIC/WACC0.5
WACC12.85%
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

  • WS has a Current Ratio of 1.48. This is a normal value and indicates that WS is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.48, WS is not doing good in the industry: 72.39% of the companies in the same industry are doing better.
  • WS has a Quick Ratio of 1.48. This is a bad value and indicates that WS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • WS has a worse Quick ratio (0.90) than 76.69% of its industry peers.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 0.9
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

  • The Earnings Per Share has grown by an nice 14.35% over the past year.
  • Measured over the past years, WS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -15.32% on average per year.
  • The Revenue has been growing slightly by 5.55% in the past year.
  • WS shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -8.73% yearly.
EPS 1Y (TTM)14.35%
EPS 3Y-15.32%
EPS 5YN/A
EPS Q2Q%-22.86%
Revenue 1Y (TTM)5.55%
Revenue growth 3Y-8.73%
Revenue growth 5YN/A
Sales Q2Q%11.99%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.59% on average over the next years. This is quite good.
  • WS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.42% yearly.
EPS Next Y3%
EPS Next 2Y8.34%
EPS Next 3Y15.9%
EPS Next 5Y9.59%
Revenue Next Year14.56%
Revenue Next 2Y8.46%
Revenue Next 3Y8%
Revenue Next 5Y4.42%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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6

4. WS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 15.07 indicates a correct valuation of WS.
  • WS's Price/Earnings ratio is rather cheap when compared to the industry. WS is cheaper than 87.12% of the companies in the same industry.
  • WS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.91.
  • WS is valuated correctly with a Price/Forward Earnings ratio of 14.75.
  • Based on the Price/Forward Earnings ratio, WS is valued a bit cheaper than 69.33% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.99. WS is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 15.07
Fwd PE 14.75
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

  • 81.60% of the companies in the same industry are more expensive than WS, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WS indicates a rather cheap valuation: WS is cheaper than 83.44% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 23.47
EV/EBITDA 8.54
WS Per share dataWS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates WS does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of WS 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)5.02
PEG (5Y)N/A
EPS Next 2Y8.34%
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

  • WS has a Yearly Dividend Yield of 1.95%. Purely for dividend investing, there may be better candidates out there.
  • WS's Dividend Yield is rather good when compared to the industry average which is at 1.05. WS pays more dividend than 82.82% of the companies in the same industry.
  • WS's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.95%

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 Years1
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 26.90% of its income as dividend. This is a sustainable payout ratio.
DP26.9%
EPS Next 2Y8.34%
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 (4/29/2026, 10:30:30 AM)

37.225

-0.45 (-1.18%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Industry Strength77.64
Industry Growth50.31
Earnings (Last)03-25
Earnings (Next)06-23
Inst Owners54.15%
Inst Owner Change-0.07%
Ins Owners36.56%
Ins Owner Change-0.99%
Market Cap1.89B
Revenue(TTM)3.35B
Net Income(TTM)121.20M
Analysts82
Price Target38.76 (4.12%)
Short Float %5.13%
Short Ratio5.4
Dividend
Industry RankSector Rank
Dividend Yield 1.95%
Yearly Dividend0.65
Dividend Growth(5Y)N/A
DP26.9%
Div Incr Years0
Div Non Decr Years1
Ex-Date06-12
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-22.22%
Min EPS beat(2)-39.04%
Max EPS beat(2)-5.4%
EPS beat(4)1
Avg EPS beat(4)-5.63%
Min EPS beat(4)-39.04%
Max EPS beat(4)23.57%
EPS beat(8)2
Avg EPS beat(8)-12.52%
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)1
Avg Revenue beat(2)-4.59%
Min Revenue beat(2)-15.35%
Max Revenue beat(2)6.18%
Revenue beat(4)3
Avg Revenue beat(4)-1.65%
Min Revenue beat(4)-15.35%
Max Revenue beat(4)6.18%
Revenue beat(8)5
Avg Revenue beat(8)-0.09%
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)-19.15%
PT rev (3m)-7.32%
EPS NQ rev (1m)-14.12%
EPS NQ rev (3m)-14.12%
EPS NY rev (1m)-12.78%
EPS NY rev (3m)-12.78%
Revenue NQ rev (1m)-2.39%
Revenue NQ rev (3m)-1.83%
Revenue NY rev (1m)-3.76%
Revenue NY rev (3m)-3.76%
Valuation
Industry RankSector Rank
PE 15.07
Fwd PE 14.75
P/S 0.57
P/FCF 23.47
P/OCF 9
P/B 1.68
P/tB 2.02
EV/EBITDA 8.54
EPS(TTM)2.47
EY6.64%
EPS(NY)2.52
Fwd EY6.78%
FCF(TTM)1.59
FCFY4.26%
OCF(TTM)4.14
OCFY11.11%
SpS65.88
BVpS22.13
TBVpS18.39
PEG (NY)5.02
PEG (5Y)N/A
Graham Number35.0707 (-5.79%)
Profitability
Industry RankSector Rank
ROA 5.23%
ROE 10.78%
ROCE 8.98%
ROIC 6.36%
ROICexc 6.71%
ROICexgc 7.57%
OM 4.21%
PM (TTM) 3.62%
GM 12.29%
FCFM 2.41%
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 Turnover1.45
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 3.21
Debt/EBITDA 1.04
Cap/Depr 160.99%
Cap/Sales 3.87%
Interest Coverage 250
Cash Conversion 94.94%
Profit Quality 66.5%
Current Ratio 1.48
Quick Ratio 0.9
Altman-Z 2.92
F-Score3
WACC12.85%
ROIC/WACC0.5
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 Y3%
EPS Next 2Y8.34%
EPS Next 3Y15.9%
EPS Next 5Y9.59%
Revenue 1Y (TTM)5.55%
Revenue growth 3Y-8.73%
Revenue growth 5YN/A
Sales Q2Q%11.99%
Revenue Next Year14.56%
Revenue Next 2Y8.46%
Revenue Next 3Y8%
Revenue Next 5Y4.42%
EBIT growth 1Y-9.8%
EBIT growth 3Y-9.98%
EBIT growth 5YN/A
EBIT Next Year65.63%
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 6 / 10 to WORTHINGTON STEEL INC (WS). This can be considered as Fairly Valued.


How profitable is WORTHINGTON STEEL INC (WS) stock?

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


How financially healthy is WORTHINGTON STEEL INC?

The financial health rating of WORTHINGTON STEEL INC (WS) is 4 / 10.


Can you provide the dividend sustainability for WS stock?

The dividend rating of WORTHINGTON STEEL INC (WS) is 4 / 10 and the dividend payout ratio is 26.9%.