Is Steel Dynamics (STLD) Still Attractive After Strong Multi Year Share Price Gains
- If you are looking at Steel Dynamics and wondering whether the current share price really reflects its underlying value, this article will walk you through what the numbers are saying and where valuation questions still remain.
- The stock last closed at US$193.39, with returns of 0.9% over 7 days, 6.7% over 30 days, 9.8% year to date, 50.1% over 1 year and 70.6% over 3 years, while the 5 year return is very large.
- Recent coverage has focused on Steel Dynamics’ position within the US steel industry and how investors are thinking about the business in the context of longer term demand, capital spending plans and shareholder return policies. This background gives important context for the recent share price performance and helps frame how…
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