STLD — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($201.51)
DCF	$-94.92	-147.1%
Graham Number	$105.34	-47.7%
Reverse DCF	—	—
DDM	$41.82	-79.2%
EV/EBITDA	$199.73	-0.9%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$109.41M

Near-term growth (yrs 1–5)(%)Rev: 14.0% / EPS: 34.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.43%

Computed WACC: 10.43%

Cost of equity (Re)11.97%(Rf 4.30% + β 1.40 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)87.13%

Debt weight (D/V)12.87%

Results

Intrinsic Value / share$-79.33

Current Price$201.51

Upside / Downside-139.4%

Net Debt (used)$3.61B

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	26.7%	30.7%	34.7%	38.7%	42.7%
7.0%	$-105.62	$-118.85	$-133.78	$-150.56	$-169.37
8.0%	$-88.57	$-98.94	$-110.64	$-123.78	$-138.51
9.0%	$-76.90	$-85.31	$-94.80	$-105.46	$-117.39
10.0%	$-68.45	$-75.45	$-83.34	$-92.19	$-102.11
11.0%	$-62.07	$-68.00	$-74.69	$-82.19	$-90.59

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $7.98

Book Value / share($)Yahoo: $61.80

Results

Graham Number$105.34

Current Price$201.51

Margin of Safety-47.7%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.43%

Terminal growth rate(%)

Computed WACC: 10.43%

Cost of equity (Re)11.97%(Rf 4.30% + β 1.40 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)87.13%

Debt weight (D/V)12.87%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$201.51

Implied Near-term FCF Growth—

Historical Revenue Growth14.0%

Historical Earnings Growth34.7%

Base FCF (TTM)-$109.41M

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: $2.03

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$41.82

Current Price$201.51

Upside / Downside-79.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.03B

Target EV/EBITDA multipleCurrent: 16.2×

Net Debt($B)Default: $3.61B

Results

Implied Equity Value / share$199.73

Current Price$201.51

Upside / Downside-0.9%

Implied EV$32.78B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	$1.61B	$2.61B	$3.61B	$4.61B	$5.61B
12.2x	$157.90	$151.05	$144.20	$137.35	$130.50
14.2x	$185.66	$178.81	$171.97	$165.12	$158.27
16.2x	$213.43	$206.58	$199.73	$192.88	$186.04
18.2x	$241.19	$234.34	$227.50	$220.65	$213.80
20.2x	$268.96	$262.11	$255.26	$248.41	$241.57

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