Nucor Corporation (NUE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-72.0%

$78.72

vs $280.98 price

Levered DCF

$82.00

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

5.59

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	21.66×	13.78×	9.64×	4.56×	4.91×	22.44×	13.59×	6.94×
P/B	1.8×	1.37×	2.08×	1.88×	2.38×	1.5×	1.66×	1.67×
P/S	1.16×	0.9×	1.25×	0.83×	0.92×	0.8×	0.76×	0.65×
EV / EBITDA	10.07×	6.96×	5.71×	3.2×	3.59×	10.54×	7.47×	4.69×
Gross margin	11.9%	13.3%	22.5%	30.1%	30.2%	11.1%	11.9%	17.1%
Operating margin	8.2%	9.7%	17.9%	25.3%	25.5%	8.0%	8.7%	13.7%
Net margin	5.4%	6.6%	13.0%	18.3%	18.7%	3.6%	5.6%	9.4%
Current ratio	2.94×	2.51×	3.57×	3.39×	2.48×	3.61×	3.34×	3.08×
Debt / equity	0.34×	0.34×	0.33×	0.36×	0.41×	0.5×	0.42×	0.44×
Interest coverage	15.64×	13.07×	25.33×	47.99×	57.13×	9.68×	12.2×	21.3×
Dividend yield	1.4%	1.9%	1.2%	1.5%	1.4%	3.0%	2.9%	3.0%
Payout ratio	29.4%	25.8%	11.4%	7.0%	7.1%	68.4%	38.7%	20.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.3%	10.0%	21.6%	41.3%	48.7%	6.7%	12.3%	24.1%
Return on invested capital	6.7%	7.9%	15.8%	29.4%	33.7%	9.2%	9.5%	17.4%
Return on assets	5.0%	6.0%	12.8%	23.4%	26.4%	3.6%	6.9%	13.2%
Free cash flow yield	-0.5%	2.9%	11.3%	23.5%	13.8%	7.1%	7.8%	8.6%
Earnings yield	4.6%	7.3%	10.4%	22.0%	20.4%	4.5%	7.4%	14.4%
Enterprise value	$42.5B	$31.2B	$43.9B	$37B	$36.7B	$18.8B	$20B	$19.3B
Net debt / EBITDA	1.15×	0.76×	0.06×	0.21×	0.32×	1.51×	1.06×	0.7×
Cash conversion cycle (days)	80	77	79	79	98	85	83	91