United States Steel Corp

Industrials
Steel/Iron Ore
www.ussteel.com

Earnings Score
Moat Score
Safety Score

Market Cap $8.43B
PE 21
Debt $4.23B
Cash $1.82B
EV $10.84B
FCF -$1.32B

Earnings

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Sales & Net Margins

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Earnings	$393.00M
EBIT	$392.00M
ROE	3%
ROA	2%
FCF	-$1.32B
Equity	$11.67B
Growth Stability	-401%
PE	21.44
PEG	-0.53
PB	0.72
P/FCF	-6.39
P/S	0.52
Price/Cash	0.22
Debt/Equity	0.36
Debt/FCF	-3.21
Net Margins	4%
Gross Margins	10%
Op. Margins	2%
Earnings CAGR	12%
Sales Growth YoY	-13%
Sales Growth QoQ	-6%
Sales CAGR	9%
FCF CAGR	7%
Equity CAGR	21%
Earnings Stability	0.12
Earnings Growth YoY	-60%
Earnings Growth QoQ	-35%

Earnings CAGR 5Y	-40%
Sales CAGR 5Y	15%
FCF CAGR 5Y	-3%
Equity CAGR 5Y	33%
Earnings CAGR 3Y	-11%
Sales CAGR 3Y	-11%
FCF CAGR 3Y	-13%
Equity CAGR 3Y	8%
Market Cap	$8.43B
Revenue	$16.28B
Assets	$20.63B
Total Debt	$4.23B
Cash	$1.82B
Shares Outstanding	225.24M
EV	10.84B
Earnings Score	8%
Moat Score	43%
Safety Score	35%
Final Score	29%
Working Capital	2.31B
Current Ratio	1.67
Gross Profit	$1.68B
Shares Growth 3y	-6%
Equity Growth QoQ	2%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.

SEC Filings

Direct access to United States Steel Corp (X) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does United States Steel Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of United States Steel Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 12%

Stability 12%

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United States Steel Corp Discounted Cash Flow

Fully customizable DCF calculator online for United States Steel Corp.

Years

Calculation mode

= -$22B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$1.3B	-$1.4B	-$1.5B	-$1.6B	-$1.8B	-$1.9B	-$2B	-$2.2B	-$2.3B	-$2.5B	-$2.7B	-$27B
DCF		-$1.3B	-$1.3B	-$1.2B	-$1.2B	-$1.2B	-$1.1B	-$1.1B	-$1.1B	-$1.1B	-$1B	-$10B
Value	-$22B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-14%	-4%	3%	9%	-5%	-12%	21%	12%	5%	4%
ROA	-	-2%	6%	10%	-2%	-9%	28%	17%	5%	2%
ROE	-	-19%	12%	27%	-15%	-30%	46%	24%	8%	3%

Bad Net Margins (3.9%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	7.41	9.23	-39.24	-6.65	-9.04	1.22	2.29	-9.03	-3.21
Debt over Equity	1.32	1.37	0.83	0.59	0.93	1.37	0.43	0.39	0.39	0.36
Growth Stability	-	-	-	-	-178%	-401%	-	100%	49%	-401%

Good Debt/FCF ratio (-3.21)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.36)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-401%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-11%	19%	4%	-10%	-15%	108%	4%	-14%	15%
Earnings YoY growth	-	-73%	-188%	188%	-157%	85%	-458%	-40%	-65%	-40%
Equity YoY growth	-	-7%	46%	27%	-3%	-5%	135%	13%	8%	33%
FCF YoY growth	-	-399%	-29%	-121%	805%	3%	-650%	-46%	-127%	-3%