Nucor Continues To Churn Out Healthy Profits After Cyclical Peak Markets Conditions in 2018
After updating our model to reflect slightly lower near-term profits, our fair value estimate for Nucor falls to $46 per share from $47. Our no-moat rating is unchanged. Although Nucor maintains an enviable position on the global cost curve for steelmaking, the cost curve is relatively flat. We expect Nucor to generate returns on invested capital roughly in line with its weighted average cost of capital over the long term amid midcycle market conditions.For 2019, we forecast EBITDA just shy of ...
Nucor manufactures steel and steel products. The company's operations include international trading and sales companies that buy and sell steel and steel products. The company's segments are: steel mills, which produces sheet steel, plate steel, structural steel, and bar steel; steel products, which produces hollow structural section steel tubing, electrical conduit, steel joists and joist girders, steel deck, cold finished steel, steel fasteners, metal building systems, and wire and wire mesh; and raw materials, which produces direct reduced iron (DRI), brokers ferrous and nonferrous metals, pig iron, hot briquetted iron and DRI, supplies ferro-alloys, and processes ferrous and nonferrous scrap metal.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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