Skip to Content

Nucor Corp NUE

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

Having Reviewed Q2 Guidance From Nucor and Steel Dynamics, Our Steel Outlook Is Largely Unchanged

Andrew Lane Strategist

Analyst Note

| Andrew Lane |

Having updated our valuation models to reflect second-quarter guidance from both Nucor and Steel Dynamics, our fair value estimate for each company is unchanged. We assign a $41 per share fair value to Nucor and $28 to Steel Dynamics. Both stocks continue to trade closely in line with these valuations. Both low-cost players, these two operators are among the highest quality companies in the global steel industry. However, we'd liken them to the "best houses in a bad neighborhood," when it comes to the broader steel industry. Accordingly, we continue to ascribe a no-moat rating to each company.

Read Full Analysis

Company Profile

Business Description

The largest steelmaker in the United States by production volume, Nucor uses electric arc furnaces to produce a wide variety of steel products that service all major end markets. Nucor is involved in every phase of the steelmaking value chain, from collecting and processing scrap to manufacturing value-added fabricated steel products.

Contact
1915 Rexford Road
Charlotte, NC, 28211
T +1 704 366-7000
Sector Basic Materials
Industry Steel
Most Recent Earnings Mar 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 26,800

Related