Basic Materials - Steel - NYSE - US
$ 59.35
-0.135 %
$ 6.76 B
Market Cap
14.34
P/E
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including rebar, merchant bar, light structural, and other special sections, as well as semi-finished billets for re-rolling and forging applications. In addition, the company provides fabricated steel products used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles.[ Read More ]
The intrinsic value of one CMC stock under the base case scenario is HIDDEN Compared to the current market price of 59.4 USD, Commercial Metals Company is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CMC
FINANCIALS
7.93 B
REVENUE
694 M
OPERATING INCOME
485 M
NET INCOME
900 M
OPERATING CASH FLOW
-323 M
INVESTING CASH FLOW
-314 M
FINANCING CASH FLOW
2 B
REVENUE
156 M
OPERATING INCOME
104 M
NET INCOME
352 M
OPERATING CASH FLOW
-82.1 M
INVESTING CASH FLOW
-111 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Commercial Metals Company
| Current Assets | 3.29 B |
| Cash & Short-Term Investments | 858 M |
| Receivables | 1.16 B |
| Other Current Assets | 1.28 B |
| Non-Current Assets | 3.53 B |
| Long-Term Investments | 30.4 M |
| PP&E | 2.58 B |
| Other Non-Current Assets | 918 M |
| Current Liabilities | 835 M |
| Accounts Payable | 351 M |
| Short-Term Debt | 38.8 M |
| Other Current Liabilities | 446 M |
| Non-Current Liabilities | 1.68 B |
| Long-Term Debt | 1.29 B |
| Other Non-Current Liabilities | 392 M |
EFFICIENCY
Earnings Waterfall
Commercial Metals Company
| Revenue | 7.93 B |
| Cost Of Revenue | 6.57 B |
| Gross Profit | 1.36 B |
| Operating Expenses | 665 M |
| Operating Income | 694 M |
| Other Expenses | 208 M |
| Net Income | 485 M |
RATIOS
17.14%
GROSS MARGIN
8.75%
OPERATING MARGIN
6.13%
NET MARGIN
11.29%
ROE
7.12%
ROA
9.84%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Commercial Metals Company
| Net Income | 485 M |
| Depreciation & Amortization | 280 M |
| Capital Expenditures | -324 M |
| Stock-Based Compensation | 45.1 M |
| Change in Working Capital | 93 M |
| Others | -9.82 M |
| Free Cash Flow | 575 M |
Wall Street Analysts Price Targets
Commercial Metals Company
Wall Street analysts predict an average 1-year price target for CMC of $58 , with forecasts ranging from a low of $48 to a high of $62 .
CMC Lowest Price Target
Wall Street Target
48 USD
-19.12%
CMC Average Price Target
Wall Street Target
58 USD
-2.27%
CMC Highest Price Target
Wall Street Target
62 USD
4.47%
4. DIVIDEND ANALYSIS
0.34%
DIVIDEND YIELD
0.18 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Commercial Metals Company
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
2.07 M USD 1
9-12 MONTHS
14.5 M USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
7 months ago
Mar 27, 2024
|
Sell 2.07 M USD
|
Smith Barbara
Executive Chairman |
- 35704
|
57.88 USD |
|
9 months ago
Feb 07, 2024
|
Sell 1.22 M USD
|
Smith Barbara
Executive Chairman |
- 23619
|
51.65 USD |
|
9 months ago
Feb 02, 2024
|
Sell 3.09 M USD
|
Smith Barbara
Executive Chairman |
- 60166
|
51.28 USD |
|
9 months ago
Jan 26, 2024
|
Sell 30.9 K USD
|
SLOAN LINDSAY L
VP & Chief Accounting Officer |
- 600
|
51.52 USD |
|
9 months ago
Jan 18, 2024
|
Sell 2.86 M USD
|
Smith Barbara
Executive Chairman |
- 57194
|
49.94 USD |
|
10 months ago
Jan 16, 2024
|
Sell 7.12 M USD
|
Smith Barbara
Executive Chairman |
- 142806
|
49.89 USD |
|
1 year ago
Nov 13, 2023
|
Sell 202 K USD
|
Simpson Stephen William
SVP, N. American Steel Group |
- 4500
|
45 USD |
|
1 year ago
Oct 23, 2023
|
Bought 250 K USD
|
MATT PETER R
President and CEO |
+ 6200
|
40.3 USD |
|
1 year ago
Jul 25, 2023
|
Sell 2.73 M USD
|
Smith Barbara
Chairman & CEO |
- 48300
|
56.51 USD |
|
1 year ago
Jul 18, 2023
|
Sell 96 K USD
|
Smith Barbara
Chairman & CEO |
- 1700
|
56.45 USD |
|
1 year ago
Jul 14, 2023
|
Sell 5.52 K USD
|
SLOAN LINDSAY L
VP & Chief Accounting Officer |
- 100
|
55.17 USD |
|
1 year ago
Jul 11, 2023
|
Sell 1.74 M USD
|
Smith Barbara
Chairman & CEO |
- 31904
|
54.47 USD |
|
1 year ago
Jul 12, 2023
|
Sell 994 K USD
|
Smith Barbara
Chairman & CEO |
- 18096
|
54.92 USD |
|
1 year ago
Jul 12, 2023
|
Sell 275 K USD
|
GARRISON TY L
SVP Operations |
- 5000
|
54.98 USD |
|
1 year ago
Jul 10, 2023
|
Sell 265 K USD
|
GARRISON TY L
SVP Operations |
- 5000
|
52.96 USD |
|
1 year ago
Jun 29, 2023
|
Sell 1.69 M USD
|
Smith Barbara
Chairman & CEO |
- 32243
|
52.47 USD |
|
1 year ago
Jun 30, 2023
|
Sell 934 K USD
|
Smith Barbara
Chairman & CEO |
- 17757
|
52.58 USD |
|
1 year ago
Jun 27, 2023
|
Sell 2.53 M USD
|
Smith Barbara
Chairman & CEO |
- 50000
|
50.65 USD |
|
1 year ago
Jan 03, 2023
|
Sell 5.13 M USD
|
Smith Barbara
Chairman, President & CEO |
- 106931
|
47.93 USD |
|
1 year ago
Jan 03, 2023
|
Sell 2.09 M USD
|
Smith Barbara
Chairman, President & CEO |
- 43069
|
48.56 USD |
|
1 year ago
Dec 01, 2022
|
Sell 272 K USD
|
Smith Barbara
Chairman, President & CEO |
- 5500
|
49.48 USD |
|
1 year ago
Dec 02, 2022
|
Sell 966 K USD
|
Smith Barbara
Chairman, President & CEO |
- 19500
|
49.54 USD |
|
2 years ago
Oct 31, 2022
|
Sell 316 K USD
|
GARRISON TY L
SVP Operations |
- 6900
|
45.76 USD |
|
2 years ago
Nov 01, 2022
|
Sell 373 K USD
|
GARRISON TY L
SVP Operations |
- 8100
|
46.04 USD |
|
2 years ago
Oct 20, 2022
|
Sell 30.4 K USD
|
GARRISON TY L
SVP Operations |
- 696
|
43.75 USD |
|
2 years ago
Oct 18, 2022
|
Sell 627 K USD
|
GARRISON TY L
SVP Operations |
- 14304
|
43.83 USD |
|
2 years ago
Aug 02, 2022
|
Sell 786 K USD
|
GARRISON TY L
SVP Operations |
- 20000
|
39.28 USD |
|
2 years ago
Jul 01, 2022
|
Bought 6.57 K USD
|
SLOAN LINDSAY L
VP & Chief Accounting Officer |
+ 200
|
32.85 USD |
|
2 years ago
Apr 26, 2022
|
Bought 203 K USD
|
McPherson John R
director: |
+ 5000
|
40.55 USD |
|
2 years ago
Apr 20, 2022
|
Sell 631 K USD
|
Smith Barbara
Chairman, President & CEO |
- 13582
|
46.46 USD |
|
2 years ago
Apr 20, 2022
|
Sell 531 K USD
|
Smith Barbara
Chairman, President & CEO |
- 11418
|
46.52 USD |
|
2 years ago
Apr 12, 2022
|
Sell 178 K USD
|
Smith Barbara
Chairman, President & CEO |
- 4101
|
43.45 USD |
|
2 years ago
Mar 25, 2022
|
Sell 909 K USD
|
Smith Barbara
Chairman, President & CEO |
- 20899
|
43.49 USD |
|
2 years ago
Mar 14, 2022
|
Sell 1.01 M USD
|
Smith Barbara
Chairman, President & CEO |
- 25000
|
40.54 USD |
|
2 years ago
Dec 30, 2021
|
Sell 119 K USD
|
Smith Barbara
Chairman, President & CEO |
- 3248
|
36.75 USD |
|
2 years ago
Jan 03, 2022
|
Sell 252 K USD
|
Smith Barbara
Chairman, President & CEO |
- 6849
|
36.86 USD |
|
2 years ago
Nov 22, 2021
|
Sell 548 K USD
|
Smith Barbara
Chairman, President & CEO |
- 14903
|
36.77 USD |
|
3 years ago
Oct 18, 2021
|
Bought 98.4 K USD
|
MCCULLOUGH GARY E
Director |
+ 3155
|
31.19 USD |
|
3 years ago
Oct 19, 2021
|
Sell 634 K USD
|
Porter Tracy L
EVP & Chief Operating Officer |
- 20000
|
31.69 USD |
|
3 years ago
Oct 20, 2021
|
Sell 320 K USD
|
Porter Tracy L
EVP & Chief Operating Officer |
- 10000
|
32.03 USD |
|
3 years ago
Aug 11, 2021
|
Sell 873 K USD
|
Smith Barbara
Chairman, President & CEO |
- 25000
|
34.9078 USD |
|
3 years ago
May 10, 2021
|
Sell 827 K USD
|
Smith Barbara
Chairman, President & CEO |
- 25000
|
33.0624 USD |
|
3 years ago
Mar 30, 2021
|
Sell 1.2 M USD
|
Porter Tracy L
EVP & Chief Operating Officer |
- 38296
|
31.3245 USD |
|
3 years ago
Mar 25, 2021
|
Sell 732 K USD
|
Smith Barbara
Chairman, President & CEO |
- 25000
|
29.2749 USD |
|
3 years ago
Mar 26, 2021
|
Sell 771 K USD
|
Smith Barbara
Chairman, President & CEO |
- 25000
|
30.8437 USD |
|
3 years ago
Mar 22, 2021
|
Sell 1.06 M USD
|
Porter Tracy L
EVP & Chief Operating Officer |
- 37381
|
28.366 USD |
|
3 years ago
Mar 01, 2021
|
Sell 537 K USD
|
Smith Barbara
Chairman, President & CEO |
- 19900
|
26.98 USD |
|
3 years ago
Feb 24, 2021
|
Sell 650 K USD
|
Smith Barbara
Chairman, President & CEO |
- 25000
|
25.98 USD |
|
3 years ago
Feb 25, 2021
|
Sell 137 K USD
|
Smith Barbara
Chairman, President & CEO |
- 5100
|
26.96 USD |
|
3 years ago
Jan 06, 2021
|
Sell 591 K USD
|
Smith Barbara
Chairman, President & CEO |
- 26550
|
22.27 USD |
|
3 years ago
Jan 06, 2021
|
Sell 1.29 M USD
|
Smith Barbara
Chairman, President & CEO |
- 55532
|
23.16 USD |
|
3 years ago
Jan 04, 2021
|
Sell 385 K USD
|
Smith Barbara
Chairman, President & CEO |
- 17918
|
21.47 USD |
|
4 years ago
Nov 02, 2020
|
Sell 1.08 M USD
|
Porter Tracy L
director: EVP & Chief Operating Officer |
- 51918
|
20.8055 USD |
|
4 years ago
Jun 29, 2020
|
Sell 1.05 M USD
|
Porter Tracy L
EVP & Chief Operating Officer |
- 52045
|
20.1415 USD |
|
5 years ago
Jan 16, 2019
|
Bought 15.9 K USD
|
LINDSEY MARY A
|
+ 1000
|
15.92 USD |
|
6 years ago
Mar 01, 2018
|
Sell 257 K USD
|
HICKEY ADAM R
|
- 10000
|
25.7 USD |
|
6 years ago
Mar 02, 2018
|
Sell 260 K USD
|
HICKEY ADAM R
|
- 10000
|
26 USD |
|
6 years ago
Feb 26, 2018
|
Sell 510 K USD
|
HICKEY ADAM R
|
- 20000
|
25.5 USD |
|
6 years ago
Jan 16, 2018
|
Sell 174 K USD
|
Porter Tracy L
|
- 6935
|
25.139 USD |
|
6 years ago
Jan 18, 2018
|
Sell 341 K USD
|
Porter Tracy L
|
- 13601
|
25.0431 USD |
7. News
Bear of the Day: Commercial Metals (CMC)
Growth has been strong in this scrap metals company, but estimates for next year are well off the highs.
zacks.com
- 4 days ago
New Strong Sell Stocks for November 12th
BRKR, CMC and CNXC have been added to the Zacks Rank #5 (Strong Sell) List on November 12, 2024.
zacks.com
- 4 days ago
Longeveron® Appoints Devin Blass as Chief Technology Officer and SVP of Chemistry, Manufacturing and Controls (CMC)
Longeveron has appointed Devin Blass as Chief Technology Officer (CTO) and SVP of CMC, effective Dec 2, adding capabilities ahead of potential BLA filing.
globenewswire.com
- 5 days ago
CMC Metals Announces Results of AGM and Granting of Options
VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5N) (“CMC” or the “Company”) is pleased to announce the results of its 2024 Annual and Special General Meeting (“AGM”) of shareholders held on September 25, 2024.
globenewswire.com
- 1 week ago
CMC Statement Regarding Pacific Steel Group v. Commercial Metals Co. Litigation
IRVING, Texas , Nov. 5, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today issued a statement in response to the jury verdict reached in the Pacific Steel Group v. Commercial Metals Co. (N.D.
prnewswire.com
- 1 week ago
3 Steel Producer Stocks to Watch Amid Industry Headwinds
Weaker steel prices and the sluggishness in China mar prospects of the Zacks Steel Producers industry. STLD, CMC and SID are well poised to navigate the current challenging environment.
zacks.com
- 1 week ago
CMC's Attractive Valuation Is An Opportunity To Invest In A Shareholder-Friendly Business
The firm's NOPAT margin (NOPAT margin/Revenue) has fallen to its lowest level since 2021, to 7.39% compared to 9.76% in 2023. With a stock price of $54 at the time of writing, CMC has a price-to-EBV per share of 1.22. The long-term evolution is one of growing ROIC, from more than 6% in 2019 to just over 9% in 2024.
seekingalpha.com
- 2 weeks ago
Commercial Metals Company: Maintaining Bearish Stance On Pricey Valuation & Sustained Growth Struggles
Technicals point to a market-top on the intermediate 5-year chart. Sales, earnings & margins decreased meaningfully in fiscal 2024. A no growth environment is also expected in fiscal 2025. Management is selling investors on the TAG program (A program aimed at driving internal efficiencies agressively) but meaningful impacts will take years to develop.
seekingalpha.com
- 2 weeks ago
Commercial Metals Earnings Miss Estimates in Q4, Sales Dip Y/Y
CMC's Q4 earnings reflect the impacts of lower sales across all segments.
zacks.com
- 4 weeks ago
Commercial Metals Company (CMC) Q4 2024 Earnings Call Transcript
Commercial Metals Company (NYSE:CMC ) Q4 2024 Earnings Call Transcript October 17, 2024 10:00 AM ET Company Participants Peter Matt - President and CEO Paul Lawrence - SVP and CFO Conference Call Participants Sathish Kasinathan - Bank of America Katja Jancic - BMO Capital Markets Timna Tanners - Wolfe Research Tristan Gresser - BNP Paribas Exane Phil Gibbs - KeyBanc Capital Markets Operator Hello, and welcome, everyone, to the Fourth Quarter and Fiscal Year 2024 Earnings Call for CMC. Joining me on today's call are Peter Matt, CMC's President and Chief Executive Officer; and Paul Lawrence, Senior Vice President and Chief Financial Officer.
seekingalpha.com
- 4 weeks ago
Commercial Metals (CMC) Misses Q4 Earnings and Revenue Estimates
Commercial Metals (CMC) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.69 per share a year ago.
zacks.com
- 1 month ago
CMC Reports Fourth Quarter and Full Year Fiscal 2024 Results
Fourth quarter net earnings of $103.9 million, or $0.90 per diluted share; annual net earnings of $485.5 million, or $4.14 per diluted share Consolidated core EBITDA of $227.1 million in the fourth quarter; core EBITDA margin of 11.4% Solid construction activity provided stability in North America shipment volumes; margins pressured by decline in average steel pricing Tensar achieved its most profitable quarter to date as a division of CMC, driving the Emerging Businesses Group adjusted EBITDA margin to 21.7% in the fourth quarter Successful cost management actions improved Europe Steel Group fourth quarter adjusted EBITDA by $26.5 million on a year-over-year basis despite materially lower volumes and flat metal margins Strong generation of cash flow from operating activities in the fourth quarter and fiscal year 2024 of $351.8 million and $899.7 million, respectively Cash distributions to shareholders in the form of share repurchases and dividends amounted to $261.8 million in fiscal year 2024, an increase of 48% compared to fiscal year 2023 IRVING, Texas , Oct. 17, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal fourth quarter ended August 31, 2024. Net earnings were $103.9 million, or $0.90 per diluted share, on net sales of $2.0 billion, compared to prior year period net earnings of $184.2 million, or $1.56 per diluted share, on net sales of $2.2 billion.
prnewswire.com
- 1 month ago
8. Profile Summary
Commercial Metals Company CMC
COUNTRY
US
INDUSTRY
Steel
MARKET CAP
$ 6.76 B
Dividend Yield
0.34%
Description
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including rebar, merchant bar, light structural, and other special sections, as well as semi-finished billets for re-rolling and forging applications. In addition, the company provides fabricated steel products used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.
Contact
6565 North MacArthur Boulevard, Irving, TX, 75039
https://www.cmc.com
IPO Date
March 17, 1980
Employees
13178
Officers
Mr. Stephen W. Simpson
Senior Vice President of North America Steel Group
Mr. Kekin M. Ghelani
Senior Vice President & Chief Strategy Officer
Ms. Jennifer J. Durbin
Senior Vice President and Chief Human Resources & Communications Officer
Mr. Peter R. Matt
Chief Executive Officer, President & Director
Mr. Ty L. Garrison
Senior Vice President of Operational & Commercial Excellence
Mr. Michael Doucet
Senior Vice President of Emerging Businesses Group
Ms. Lindsay L. Sloan
Vice President & Chief Accounting Officer