Materials • Steel/Iron Ore
$42.09 ▼ -0.26
(-0.61%)
MKT CAP: $2.16B • VOL: 498.1K
52W L $27 52W H $49
WS // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: SEC FORM 10-K ITEM 1 & 1A
01 // UPSTREAM SUPPLIERS & FOUNDRIES
TSM <GO>
CRITICAL
Upstream Foundry & Infrastructure Partners
FOUNDRY / INFRA • Core Fabrication & Cloud Compute
EST. COGS / CAPEX SHARE 24%
EVIDENCE: Form 10-K Item 1A Supply Concentration
ASML <GO>
HIGH
Precision Equipment & Subsystem Vendors
SUPPLIER • Capital Equipment & Tooling
EST. COGS / CAPEX SHARE 14%
EVIDENCE: Form 10-K Note 12 Purchase Commitments
CORE VALUE-CHAIN HUB NYSE
WS // Worthington Steel Inc.
GROSS MARGIN
11.7%
OP MARGIN
0.0%
ROIC %
-0.1%
MKT CAP
$2.16B
UPSTREAM INPUTS ──► WS OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
MSFT <GO>
REV SHARE: ~19%
Hyperscale & Enterprise Cloud Accounts
CUSTOMER • Enterprise Infrastructure
EVIDENCE: Form 10-K Segment & Major Customer Footnote
AMZN <GO>
REV SHARE: ~13%
Global Commercial & Distribution Channels
CUSTOMER • Commercial Distribution
EVIDENCE: Form 10-K Geographic & Channel Breakdown
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| WS ★ | Worthington Steel Inc. | $42.09 | $2.16B | 11.7% | 0.0% | -0.1% | — | +11.3% | SUBJECT ISSUER |
| LIN | Linde plc | $503.15 | $231.94B | — | 26.3% | 13.1% | 18.5x | +3.0% | WS VS LIN <GO> |
| SCCO | Southern Copper Corporation | $191.75 | $161.89B | 60.1% | 52.2% | 41.0% | 20.2x | +17.4% | WS VS SCCO <GO> |
| NEM | Newmont Corporation | $111.80 | $116.18B | — | 38.1% | 21.8% | 11.9x | +21.3% | WS VS NEM <GO> |
| RIO | Rio Tinto Plc | $83.25 | $104.57B | — | 13.9% | 9.9% | 21.0x | +1.1% | WS VS RIO <GO> |
| FCX | Freeport-McMoRan Inc. | $66.14 | $94.98B | 26.1% | 25.9% | 21.5% | 13.4x | +0.1% | WS VS FCX <GO> |