Intrinsic value of United States Steel - X

Previous Close

$27.18

  Intrinsic Value

$292.25

stock screener

  Rating & Target

str. buy

+975%

Previous close

$27.18

 
Intrinsic value

$292.25

 
Up/down potential

+975%

 
Rating

str. buy

We calculate the intrinsic value of X stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  14.80
  13.82
  12.94
  12.14
  11.43
  10.79
  10.21
  9.69
  9.22
  8.80
  8.42
  8.08
  7.77
  7.49
  7.24
  7.02
  6.82
  6.63
  6.47
  6.32
  6.19
  6.07
  5.97
  5.87
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
Revenue, $m
  14,063
  16,007
  18,077
  20,273
  22,590
  25,027
  27,581
  30,253
  33,042
  35,949
  38,975
  42,122
  45,394
  48,794
  52,328
  56,000
  59,817
  63,786
  67,913
  72,208
  76,679
  81,335
  86,187
  91,245
  96,520
  102,025
  107,772
  113,775
  120,048
  126,604
Variable operating expenses, $m
  8,210
  9,343
  10,549
  11,828
  13,178
  14,598
  16,087
  17,643
  19,268
  20,962
  22,708
  24,542
  26,448
  28,429
  30,488
  32,628
  34,852
  37,164
  39,569
  42,071
  44,676
  47,389
  50,216
  53,162
  56,236
  59,444
  62,792
  66,290
  69,944
  73,764
Fixed operating expenses, $m
  4,731
  4,835
  4,941
  5,050
  5,161
  5,275
  5,391
  5,509
  5,630
  5,754
  5,881
  6,010
  6,143
  6,278
  6,416
  6,557
  6,701
  6,849
  6,999
  7,153
  7,311
  7,471
  7,636
  7,804
  7,976
  8,151
  8,330
  8,514
  8,701
  8,892
Total operating expenses, $m
  12,941
  14,178
  15,490
  16,878
  18,339
  19,873
  21,478
  23,152
  24,898
  26,716
  28,589
  30,552
  32,591
  34,707
  36,904
  39,185
  41,553
  44,013
  46,568
  49,224
  51,987
  54,860
  57,852
  60,966
  64,212
  67,595
  71,122
  74,804
  78,645
  82,656
Operating income, $m
  1,122
  1,829
  2,587
  3,394
  4,250
  5,154
  6,104
  7,101
  8,143
  9,233
  10,386
  11,570
  12,803
  14,087
  15,424
  16,816
  18,264
  19,773
  21,345
  22,984
  24,692
  26,475
  28,335
  30,278
  32,308
  34,431
  36,650
  38,972
  41,403
  43,948
EBITDA, $m
  1,701
  2,486
  3,327
  4,222
  5,171
  6,172
  7,224
  8,327
  9,482
  10,687
  11,945
  13,255
  14,619
  16,039
  17,517
  19,056
  20,657
  22,325
  24,062
  25,872
  27,759
  29,728
  31,783
  33,928
  36,169
  38,512
  40,961
  43,523
  46,204
  49,012
Interest expense (income), $m
  193
  289
  392
  503
  622
  747
  880
  1,019
  1,165
  1,317
  1,477
  1,643
  1,815
  1,995
  2,182
  2,376
  2,578
  2,788
  3,006
  3,233
  3,468
  3,714
  3,969
  4,235
  4,512
  4,801
  5,102
  5,417
  5,745
  6,088
  6,446
Earnings before tax, $m
  833
  1,436
  2,083
  2,773
  3,503
  4,274
  5,085
  5,936
  6,826
  7,756
  8,743
  9,754
  10,808
  11,905
  13,048
  14,237
  15,476
  16,767
  18,113
  19,515
  20,979
  22,506
  24,100
  25,766
  27,507
  29,328
  31,233
  33,227
  35,315
  37,501
Tax expense, $m
  225
  388
  563
  749
  946
  1,154
  1,373
  1,603
  1,843
  2,094
  2,361
  2,634
  2,918
  3,214
  3,523
  3,844
  4,179
  4,527
  4,890
  5,269
  5,664
  6,077
  6,507
  6,957
  7,427
  7,919
  8,433
  8,971
  9,535
  10,125
Net income, $m
  608
  1,049
  1,521
  2,024
  2,557
  3,120
  3,712
  4,333
  4,983
  5,662
  6,382
  7,121
  7,890
  8,691
  9,525
  10,393
  11,298
  12,240
  13,222
  14,246
  15,314
  16,429
  17,593
  18,809
  20,080
  21,410
  22,800
  24,256
  25,780
  27,376

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  11,323
  12,888
  14,555
  16,323
  18,188
  20,150
  22,207
  24,359
  26,604
  28,944
  31,381
  33,915
  36,549
  39,287
  42,132
  45,089
  48,162
  51,357
  54,681
  58,139
  61,738
  65,487
  69,393
  73,466
  77,713
  82,146
  86,773
  91,606
  96,657
  101,936
Adjusted assets (=assets-cash), $m
  11,323
  12,888
  14,555
  16,323
  18,188
  20,150
  22,207
  24,359
  26,604
  28,944
  31,381
  33,915
  36,549
  39,287
  42,132
  45,089
  48,162
  51,357
  54,681
  58,139
  61,738
  65,487
  69,393
  73,466
  77,713
  82,146
  86,773
  91,606
  96,657
  101,936
Revenue / Adjusted assets
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
  1.242
Average production assets, $m
  4,838
  5,506
  6,219
  6,974
  7,771
  8,609
  9,488
  10,407
  11,367
  12,366
  13,407
  14,490
  15,616
  16,785
  18,001
  19,264
  20,577
  21,942
  23,362
  24,840
  26,378
  27,979
  29,648
  31,388
  33,203
  35,097
  37,074
  39,139
  41,296
  43,552
Working capital, $m
  563
  640
  723
  811
  904
  1,001
  1,103
  1,210
  1,322
  1,438
  1,559
  1,685
  1,816
  1,952
  2,093
  2,240
  2,393
  2,551
  2,717
  2,888
  3,067
  3,253
  3,447
  3,650
  3,861
  4,081
  4,311
  4,551
  4,802
  5,064
Total debt, $m
  3,668
  4,706
  5,811
  6,983
  8,220
  9,521
  10,884
  12,311
  13,799
  15,351
  16,966
  18,646
  20,393
  22,208
  24,095
  26,055
  28,092
  30,211
  32,414
  34,707
  37,093
  39,579
  42,169
  44,869
  47,685
  50,624
  53,692
  56,896
  60,244
  63,744
Total liabilities, $m
  7,507
  8,545
  9,650
  10,822
  12,059
  13,360
  14,723
  16,150
  17,638
  19,190
  20,805
  22,485
  24,232
  26,047
  27,934
  29,894
  31,931
  34,050
  36,253
  38,546
  40,932
  43,418
  46,008
  48,708
  51,524
  54,463
  57,531
  60,735
  64,083
  67,583
Total equity, $m
  3,816
  4,343
  4,905
  5,501
  6,129
  6,791
  7,484
  8,209
  8,966
  9,754
  10,575
  11,429
  12,317
  13,240
  14,199
  15,195
  16,231
  17,307
  18,427
  19,593
  20,806
  22,069
  23,386
  24,758
  26,189
  27,683
  29,243
  30,871
  32,573
  34,352
Total liabilities and equity, $m
  11,323
  12,888
  14,555
  16,323
  18,188
  20,151
  22,207
  24,359
  26,604
  28,944
  31,380
  33,914
  36,549
  39,287
  42,133
  45,089
  48,162
  51,357
  54,680
  58,139
  61,738
  65,487
  69,394
  73,466
  77,713
  82,146
  86,774
  91,606
  96,656
  101,935
Debt-to-equity ratio
  0.960
  1.080
  1.180
  1.270
  1.340
  1.400
  1.450
  1.500
  1.540
  1.570
  1.600
  1.630
  1.660
  1.680
  1.700
  1.710
  1.730
  1.750
  1.760
  1.770
  1.780
  1.790
  1.800
  1.810
  1.820
  1.830
  1.840
  1.840
  1.850
  1.860
Adjusted equity ratio
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337
  0.337

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  608
  1,049
  1,521
  2,024
  2,557
  3,120
  3,712
  4,333
  4,983
  5,662
  6,382
  7,121
  7,890
  8,691
  9,525
  10,393
  11,298
  12,240
  13,222
  14,246
  15,314
  16,429
  17,593
  18,809
  20,080
  21,410
  22,800
  24,256
  25,780
  27,376
Depreciation, amort., depletion, $m
  579
  657
  740
  828
  920
  1,018
  1,120
  1,227
  1,338
  1,455
  1,559
  1,685
  1,816
  1,952
  2,093
  2,240
  2,393
  2,551
  2,717
  2,888
  3,067
  3,253
  3,447
  3,650
  3,861
  4,081
  4,311
  4,551
  4,802
  5,064
Funds from operations, $m
  1,187
  1,706
  2,261
  2,852
  3,478
  4,138
  4,832
  5,560
  6,322
  7,117
  7,941
  8,806
  9,706
  10,643
  11,618
  12,633
  13,691
  14,792
  15,939
  17,135
  18,382
  19,683
  21,041
  22,459
  23,941
  25,491
  27,111
  28,807
  30,582
  32,440
Change in working capital, $m
  73
  78
  83
  88
  93
  97
  102
  107
  112
  116
  121
  126
  131
  136
  141
  147
  153
  159
  165
  172
  179
  186
  194
  202
  211
  220
  230
  240
  251
  262
Cash from operations, $m
  1,115
  1,628
  2,178
  2,764
  3,385
  4,041
  4,730
  5,453
  6,210
  7,000
  7,820
  8,680
  9,575
  10,507
  11,477
  12,486
  13,538
  14,633
  15,774
  16,963
  18,203
  19,496
  20,847
  22,257
  23,730
  25,270
  26,881
  28,567
  30,331
  32,178
Maintenance CAPEX, $m
  -490
  -563
  -640
  -723
  -811
  -904
  -1,001
  -1,103
  -1,210
  -1,322
  -1,438
  -1,559
  -1,685
  -1,816
  -1,952
  -2,093
  -2,240
  -2,393
  -2,551
  -2,717
  -2,888
  -3,067
  -3,253
  -3,447
  -3,650
  -3,861
  -4,081
  -4,311
  -4,551
  -4,802
New CAPEX, $m
  -623
  -669
  -712
  -755
  -797
  -838
  -879
  -919
  -959
  -1,000
  -1,041
  -1,083
  -1,126
  -1,170
  -1,216
  -1,263
  -1,313
  -1,365
  -1,420
  -1,477
  -1,538
  -1,602
  -1,669
  -1,740
  -1,815
  -1,894
  -1,977
  -2,065
  -2,158
  -2,255
Cash from investing activities, $m
  -1,113
  -1,232
  -1,352
  -1,478
  -1,608
  -1,742
  -1,880
  -2,022
  -2,169
  -2,322
  -2,479
  -2,642
  -2,811
  -2,986
  -3,168
  -3,356
  -3,553
  -3,758
  -3,971
  -4,194
  -4,426
  -4,669
  -4,922
  -5,187
  -5,465
  -5,755
  -6,058
  -6,376
  -6,709
  -7,057
Free cash flow, $m
  2
  397
  825
  1,286
  1,777
  2,299
  2,850
  3,431
  4,040
  4,679
  5,342
  6,038
  6,764
  7,521
  8,309
  9,130
  9,985
  10,875
  11,802
  12,769
  13,776
  14,827
  15,924
  17,069
  18,266
  19,516
  20,823
  22,191
  23,622
  25,121
Issuance/(repayment) of debt, $m
  965
  1,037
  1,105
  1,172
  1,237
  1,301
  1,364
  1,426
  1,489
  1,552
  1,615
  1,680
  1,747
  1,815
  1,886
  1,960
  2,038
  2,118
  2,203
  2,293
  2,387
  2,486
  2,590
  2,700
  2,816
  2,939
  3,068
  3,204
  3,348
  3,500
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  965
  1,037
  1,105
  1,172
  1,237
  1,301
  1,364
  1,426
  1,489
  1,552
  1,615
  1,680
  1,747
  1,815
  1,886
  1,960
  2,038
  2,118
  2,203
  2,293
  2,387
  2,486
  2,590
  2,700
  2,816
  2,939
  3,068
  3,204
  3,348
  3,500
Total cash flow (excl. dividends), $m
  967
  1,434
  1,931
  2,457
  3,014
  3,600
  4,214
  4,857
  5,529
  6,230
  6,957
  7,718
  8,511
  9,336
  10,196
  11,090
  12,022
  12,993
  14,006
  15,061
  16,163
  17,313
  18,514
  19,769
  21,082
  22,455
  23,891
  25,395
  26,970
  28,621
Retained Cash Flow (-), $m
  -496
  -527
  -562
  -596
  -629
  -661
  -693
  -725
  -757
  -789
  -821
  -854
  -888
  -923
  -959
  -996
  -1,036
  -1,077
  -1,120
  -1,165
  -1,213
  -1,263
  -1,316
  -1,372
  -1,431
  -1,494
  -1,559
  -1,629
  -1,702
  -1,779
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  471
  907
  1,369
  1,862
  2,385
  2,938
  3,521
  4,132
  4,772
  5,442
  6,136
  6,864
  7,623
  8,414
  9,237
  10,094
  10,987
  11,917
  12,886
  13,896
  14,950
  16,050
  17,198
  18,397
  19,650
  20,961
  22,332
  23,766
  25,268
  26,842
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  452
  830
  1,191
  1,533
  1,849
  2,132
  2,379
  2,583
  2,742
  2,853
  2,914
  2,929
  2,898
  2,825
  2,712
  2,565
  2,391
  2,195
  1,984
  1,766
  1,546
  1,332
  1,127
  937
  764
  612
  479
  368
  276
  202
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). The Flat-Rolled segment includes the operating results of its integrated steel plants and equity investees in the United States involved in the production of slabs, rounds, strip mill plates, sheets and tin mill products, as well as all iron ore and coke production facilities in the United States. The USSE segment includes the operating results of U. S. Steel Kosice (USSK) and its integrated steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of its tubular production facilities, primarily in the United States and equity investees in the United States and Brazil.

FINANCIAL RATIOS  of  United States Steel (X)

Valuation Ratios
P/E Ratio -10.7
Price to Sales 0.5
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 6.5
Price to Free Cash Flow 11.2
Growth Rates
Sales Growth Rate -11.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -38.8%
Cap. Spend. - 3 Yr. Gr. Rate -8.6%
Financial Strength
Quick Ratio 30
Current Ratio 0
LT Debt to Equity 131.1%
Total Debt to Equity 133.3%
Interest Coverage -1
Management Effectiveness
Return On Assets -2.6%
Ret/ On Assets - 3 Yr. Avg. -4.6%
Return On Total Capital -8.1%
Ret/ On T. Cap. - 3 Yr. Avg. -10.7%
Return On Equity -18.7%
Return On Equity - 3 Yr. Avg. -22.8%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 6.2%
Gross Margin - 3 Yr. Avg. 7.2%
EBITDA Margin 2.8%
EBITDA Margin - 3 Yr. Avg. 0.9%
Operating Margin -1.8%
Oper. Margin - 3 Yr. Avg. -3.4%
Pre-Tax Margin -4.1%
Pre-Tax Margin - 3 Yr. Avg. -5.2%
Net Profit Margin -4.3%
Net Profit Margin - 3 Yr. Avg. -6%
Effective Tax Rate -5.8%
Eff/ Tax Rate - 3 Yr. Avg. 7.2%
Payout Ratio -7%

X stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the X stock intrinsic value calculation we used $12250 million for the last fiscal year's total revenue generated by United States Steel. The default revenue input number comes from 0001 income statement of United States Steel. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our X stock valuation model: a) initial revenue growth rate of 14.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for X is calculated based on our internal credit rating of United States Steel, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of United States Steel.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of X stock the variable cost ratio is equal to 58.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $4629 million in the base year in the intrinsic value calculation for X stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 10.7% for United States Steel.

Corporate tax rate of 27% is the nominal tax rate for United States Steel. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the X stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for X are equal to 34.4%.

Life of production assets of 8.6 years is the average useful life of capital assets used in United States Steel operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for X is equal to 4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3320 million for United States Steel - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 177.223 million for United States Steel is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of United States Steel at the current share price and the inputted number of shares is $4.8 billion.

RELATED COMPANIES Price Int.Val. Rating
CLF Cleveland-Clif 10.00 137.63  str.buy
MT ArcelorMittal 24.36 417.37  str.buy
WOR Worthington In 42.38 79.96  str.buy
STLD Steel Dynamics 39.91 194.14  str.buy
PKX POSCO ADR 56.05 239.69  str.buy
AKS AK Steel Holdi 3.60 1.46  str.sell
RS Reliance Steel 80.76 85.23  hold
AP Ampco-Pittsbur 4.45 42.93  str.buy

COMPANY NEWS

▶ Buyback Mania: 3 Stocks to Trade   [Nov-08-18 09:30AM  Investopedia]
▶ Where things stand with U.S. Steel's big furnace project   [Nov-05-18 03:00AM  American City Business Journals]
▶ [$$] Steelworkers, ArcelorMittal Reach Labor Pact   [Nov-02-18 05:53PM  The Wall Street Journal]
▶ U.S. Steel: 3Q Earnings Snapshot   [04:51PM  Associated Press]
▶ Options traders bet on this sliding steel stock   [Oct-23-18 01:16PM  CNBC Videos]
▶ U.S. Steel Workers Set to Get Wage Hikes Amid Tariffs   [Oct-17-18 08:29PM  TheStreet.com]
▶ 10 Bargain-Bin Stocks to Buy   [02:28PM  InvestorPlace]
▶ [$$] Stocks to Watch: Goldman, Morgan, Walmart, U.S. Steel   [09:08AM  The Wall Street Journal]
▶ Steelworkers reach tentative agreement with U.S. Steel   [08:16AM  American City Business Journals]
▶ Will U.S. Steel agreement with USW pave way for new EAF?   [05:47PM  American City Business Journals]
▶ A tech boom in Pittsburgh brings hope and angst   [Oct-12-18 06:45AM  Reuters]
▶ Why CEO of Stupp Bros., a big buyer of steel pipe, likes the tariffs   [11:50AM  American City Business Journals]
▶ Pelham Capitals Returns, AUM, and Holdings   [09:22AM  Insider Monkey]
▶ U. S. Steel Conference Call Available on Company Website   [Oct-01-18 12:30PM  GlobeNewswire]
▶ [$$] U.S. and Canada Reach Nafta Deal   [12:53AM  The Wall Street Journal]
▶ [$$] Low Unemployment, Slow Wage Growth Bring Renewed Labor Strife   [Sep-23-18 10:51PM  The Wall Street Journal]
▶ No way out? US, China tariffs may become the 'new normal'   [Sep-19-18 05:08PM  Associated Press]
▶ [$$] Steelworkers Demand Higher Pay as Tariffs Lift Profits   [Sep-11-18 10:41PM  The Wall Street Journal]
▶ Steelworkers Demand Higher Pay as Tariffs Lift Profits   [11:36AM  The Wall Street Journal]
▶ Why United States Steel Stock Plunged 18.5% in August   [Sep-09-18 03:42PM  Motley Fool]
▶ These 4 Food Stocks Are Getting Hurt by Tariffs   [Aug-24-18 08:02AM  InvestorPlace]
▶ US Steel to invest $750M in Gary Works plant in Indiana   [Aug-17-18 06:43PM  Associated Press]
▶ Apple Won the Race, But Amazon Owns the Competition   [Aug-16-18 05:15PM  InvestorPlace]
▶ [$$] Trump Says His Tariffs Will Rescue U.S. Steel Industry   [Aug-15-18 10:47PM  The Wall Street Journal]
▶ Buy the Dip With These ETFs and Stocks   [Aug-14-18 07:15AM  InvestorPlace]
▶ When will U.S. Steel revive its big Fairfield project?   [03:48PM  American City Business Journals]
▶ Fact checkers doubt Trump's claim on new U.S. Steel facilities   [Aug-04-18 12:16PM  American City Business Journals]
▶ AP FACT CHECK: Trump says US Steel opening mills. Not so.   [Aug-02-18 08:34PM  Associated Press]
▶ U.S. Steel: 2Q Earnings Snapshot   [04:58PM  Associated Press]
▶ US Steel beats   [03:44PM  CNBC Videos]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.