Stock CMC COMMERCIAL METALS COMPANY
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Financials Commercial Metals Company

Equities

CMC

US2017231034

Iron & Steel

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
53.48 USD -0.43% Intraday chart for Commercial Metals Company -3.13% +6.87%
Mar. 22 BMO Capital Adjusts Price Target on Commercial Metals to $60 From $52, Keeps Market Perform Rating MT
Mar. 21 Transcript : Commercial Metals Company, Q2 2024 Earnings Call, Mar 21, 2024

Valuation

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,848 2,485 3,934 4,881 6,574 6,188 - -
Enterprise Value (EV) 1 2,900 3,027 4,479 5,711 7,136 6,208 5,989 5,723
P/E ratio 9.44 x 9 x 9.65 x 4.07 x 7.76 x 10.6 x 10.9 x 10.7 x
Yield 3.06% 2.3% 1.47% 1.38% 1.14% 1.27% 1.38% 1.35%
Capitalization / Revenue 0.32 x 0.45 x 0.58 x 0.55 x 0.75 x 0.77 x 0.75 x 0.77 x
EV / Revenue 0.5 x 0.55 x 0.67 x 0.64 x 0.81 x 0.77 x 0.73 x 0.71 x
EV / EBITDA 5.78 x 4.65 x 5.5 x 3.68 x 4.89 x 5.55 x 5.43 x 5.29 x
EV / FCF -28.5 x 5.01 x 63.3 x 22.8 x 9.68 x 20 x 22.8 x 20.6 x
FCF Yield -3.51% 19.9% 1.58% 4.38% 10.3% 5% 4.38% 4.86%
Price to Book 1.14 x 1.32 x 1.71 x 1.45 x 1.59 x 1.43 x 1.29 x 1.11 x
Nbr of stocks (in thousands) 117,924 119,069 120,587 120,490 116,786 115,708 - -
Reference price 2 15.67 20.87 32.62 40.51 56.29 53.48 53.48 53.48
Announcement Date 10/23/19 10/15/20 10/14/21 10/13/22 10/12/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,829 5,476 6,730 8,913 8,800 8,039 8,248 8,067
EBITDA 1 501.5 650.5 814 1,553 1,460 1,118 1,103 1,083
EBIT 1 392.5 452.9 602.7 1,331 1,180 820 784.6 757
Operating Margin 6.73% 8.27% 8.96% 14.93% 13.41% 10.2% 9.51% 9.38%
Earnings before Tax (EBT) 1 268.5 370.8 534 1,515 1,122 746.2 712.8 624.5
Net income 1 198.1 279.5 412.9 1,217 859.8 579.8 560.1 518
Net margin 3.4% 5.1% 6.13% 13.66% 9.77% 7.21% 6.79% 6.42%
EPS 2 1.660 2.320 3.380 9.950 7.250 5.029 4.886 5.001
Free Cash Flow 1 -101.8 603.6 70.73 250.3 737.4 310.4 262.1 278
FCF margin -1.75% 11.02% 1.05% 2.81% 8.38% 3.86% 3.18% 3.45%
FCF Conversion (EBITDA) - 92.79% 8.69% 16.12% 50.53% 27.76% 23.77% 25.68%
FCF Conversion (Net income) - 215.95% 17.13% 20.56% 85.77% 53.54% 46.8% 53.67%
Dividend per Share 2 0.4800 0.4800 0.4800 0.5600 0.6400 0.6800 0.7400 0.7200
Announcement Date 10/23/19 10/15/20 10/14/21 10/13/22 10/12/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: August 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 1,982 2,009 2,516 2,407 2,227 2,018 2,345 2,209 2,003 1,848 2,072 2,165 1,957 1,880 2,059
EBITDA 1 326.8 323.1 483.9 419 425 302.8 391.7 340 325.3 224.4 268.3 324.6 257.3 248.4 313.9
EBIT 1 276 265.7 426.4 360.8 357.1 234.6 326.2 262.2 248 141.1 189.1 241.7 178.5 169.5 243.7
Operating Margin 13.92% 13.23% 16.95% 14.99% 16.03% 11.63% 13.91% 11.87% 12.38% 7.63% 9.12% 11.16% 9.12% 9.02% 11.84%
Earnings before Tax (EBT) 1 261.8 509.7 405 338.6 338.5 235.5 310.1 237.9 224.7 116.9 160.5 183.1 152.1 141.2 -
Net income 1 232.9 383.3 312.4 288.6 261.8 179.8 234 184.2 176.3 85.85 128.9 170.6 - - -
Net margin 11.75% 19.08% 12.42% 11.99% 11.75% 8.91% 9.98% 8.34% 8.8% 4.64% 6.22% 7.88% - - -
EPS 2 1.900 3.120 2.540 2.400 2.200 1.510 1.980 1.560 1.490 0.7300 1.138 1.574 1.072 1.032 1.402
Dividend per Share 2 0.1400 0.1400 0.1400 0.1400 - - - 0.1600 0.1600 0.1600 0.1800 0.1800 0.1800 0.1800 0.1800
Announcement Date 1/10/22 3/17/22 6/16/22 10/13/22 1/9/23 3/23/23 6/22/23 10/12/23 1/8/24 3/21/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,052 542 545 829 562 20 - -
Net Cash position 1 - - - - - - 200 465
Leverage (Debt/EBITDA) 2.098 x 0.8326 x 0.6701 x 0.5341 x 0.3854 x 0.0179 x - -
Free Cash Flow 1 -102 604 70.7 250 737 310 262 278
ROE (net income / shareholders' equity) 12.7% 15.9% 19.7% 43.6% 23.2% 13.7% 11.2% 10.3%
ROA (Net income/ Total Assets) 5.59% 7.13% 9.47% 22.4% - - - -
Assets 1 3,544 3,920 4,360 5,438 - - - -
Book Value Per Share 2 13.80 15.80 19.00 28.00 35.40 37.30 41.60 48.20
Cash Flow per Share 2 0.3100 6.580 1.870 5.720 11.30 7.710 7.670 -
Capex 1 139 188 184 450 607 560 498 514
Capex / Sales 2.38% 3.43% 2.74% 5.05% 6.89% 6.97% 6.04% 6.37%
Announcement Date 10/23/19 10/15/20 10/14/21 10/13/22 10/12/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Commercial Metals Company

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
53.48 USD
Average target price
65.16 USD
Spread / Average Target
+21.83%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Steel
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