Worthington Industries, Inc. Shares Close the Day 15.5% Higher - Daily Wrap
The company saw its shares close the day 15.5% higher than yesterday, with trading volume higher than its 30 day average.
Mar 23, 2023 by Kwhen Finance Editors
Worthington Industries, Inc. (WOR) shares closed today 15.5% higher than it did at the end of yesterday. The stock is currently up 7.5% year-to-date, down 12.4% over the past 12 months, and up 42.5% over the past five years. Today, the Dow Jones Industrial Average rose 0.2%, and the S&P 500 rose 0.3%.
Trading Activity
- Shares traded as high as $55.28 and as low as $51.76 this week.
- Shares closed 2.2% below its 52-week high and 63.3% above its 52-week low.
- Trading volume this week was 36.1% lower than the 10-day average and 12.3% lower than the 30-day average.
- Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
Technical Indicators
- The Relative Strength Index (RSI) on the stock was between 30 and 70.
- MACD, a trend-following momentum indicator, indicates a downward trend.
- The stock closed below its Bollinger band, indicating it may be oversold.
Fundamentals & Catalysts
- Over the past 12 months the company generated $370 million in earnings before interest and taxes from $2 billion in revenue. It currently holds $649 million in cash and $637 million in debt.
- Its forward price-to-earnings (P/E) ratio of 14.061441303010126 is higher than its current P/E ratio of 12.18, implying that analysts are expecting a decrease in earnings.
- The company's price/earnings-to-growth ratio (PEG Ratio), a widely used indicator of a stock's true value while also factoring in expected earnings growth, currently stands at 0.01. A fairly valued company should have a PEG ratio of 1.0. When a company's PEG exceeds 1.0, it's considered overvalued while a stock with a PEG of less than 1.0 is considered undervalued.
- The company's debt-to-equity ratio, which measures the extent to which it finances its operations through debt, currently stands at 2.39 which means it currently has $2.39 of debt for every $1 of equity. Generally speaking, a debt to equity ratio below 1.0 is seen as relatively safe, while ratios of 2.0 or higher would be considered risky. Some industries are known for having much higher debt to equity ratios than others.
- The company's price-to-book ratio, which measures the market's valuation of a company relative to its book value, currently stands at 2.68. This means that the stock is trading at a premium of 3 times relative to the company's book value which reflects the total value of a company's assets that shareholders of that company would receive if the company were to be liquidated.
- The company's price-to-sales ratio, which shows how much the market values every dollar of the company's sales, currently stands at 1.25.
- The company's enterprise value-to-revenue multiple, which is often used to determine a company's valuation in the case of a potential acquisition, currently stands at 1.28.
P/E
12.18
EBITDA
$370M
P/Book
2.68
Mkt Cap
$2B
P/Sales
1.25
Revenue
$2B
EPS (TTM)
4.35
PEG Ratio
0.01
EV/Revenue
1.28
Total Cash
$649M
Debt/Equity
2.39
Forward P/E
14.06
Current Debt
$637M
Gross Profit
$502M
Dividend Date
-
Earnings Date
-
Profit Margin
0.22
Revenue/Share
52.93
Total Revenue
$2B
Enterprise Val
$3B
Put/Call Ratio
0.80
Revenue/Employee
233728.08
Market Comparative Performance
- The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis
- The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis
- The company share price beats the performance of its peers in the Materials industry sector today, beats it on a 1-year basis, and beats it on a 5 year basis
| Name | DoD %Δ | YTD %Δ | 1 Yr % | 52-Week H % | 52-Week L % |
|---|---|---|---|---|---|
| Worthington Industries, Inc. | 15.5 | 7.5 | -12.4 | -8.4 | 52.9 |
| Dow Jones Industrial Average | 0.2 | -2.9 | -6.2 | -7.7 | 13.2 |
| S&P 500 Index | 0.3 | 2.9 | -11.3 | -13.1 | 14.4 |
| Materials | -0.1 | 1.1 | -12.5 | -16.9 | 19.6 |
Peer Group Comparative Performance
- The company's stock price performance year-to-date beats the peer average by 137.1%
- The company's stock price performance over the past 12 months lags the peer average by 7.9%
- The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -135.8% higher than the average peer.
| Name | MKT CAP (USD) | P/E | YTD %Δ | 1 Yr %Δ | 52-Week H % | 52-Week L % |
|---|---|---|---|---|---|---|
| Worthington Industries, Inc. | WOR | 12.2 | 7.5 | -12.4 | -8.4 | 52.9 |
| Peer Avg | N/A | -34.1 | 3.2 | -11.5 | -21.1 | 37.4 |
| Nucor Corp. | NUE | 4.9 | 11.9 | 4.2 | -19.7 | 50.1 |
| Steel Dynamics Inc. | STLD | 4.8 | 9.8 | 29.6 | ||
| Reliance Steel & Aluminum Co. | RS | 8.6 | 22.7 | 29.0 | -5.5 | 57.3 |
| Alcoa Corp | AA | -58.1 | -11.7 | -55.1 | -58.3 | 21.5 |
| United States Steel Corp. | X | 2.3 | 0.8 | -27.6 | -34.7 | 55.8 |
| Commercial Metals Co. | CMC | 4.2 | -7.5 | 10.5 | -20.1 | 48.4 |
| Carpenter Technology Corp. | CRS | -328.6 | 8.6 | -0.8 | -23.8 | 64.1 |
| Trimas Corporation | TRS | 16.9 | -2.9 | -17.1 | ||
| Schnitzer Steel Industries, Inc. - Class A | SCHN | 7.5 | -4.6 | -39.1 | ||
| Harsco Corp. | HSC | -2.9 | 4.5 | -48.3 | -49.1 | 76.9 |
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