Commercial Metals Stock Today

CMC Stock  USD 58.28  0.98  1.71%   

Performance

10 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 5

 
100  
 
Zero
Very Low
Commercial Metals is trading at 58.28 as of the 28th of March 2024, a 1.71 percent up since the beginning of the trading day. The stock's open price was 57.3. Commercial Metals has under 5 % chance of experiencing financial distress over the next 2 years and had a ok performance during the last 90 days. Equity ratings for Commercial Metals are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
1st of January 1987
Category
Basic Materials
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company was founded in 1915 and is headquartered in Irving, Texas. The company has 115.71 M outstanding shares of which 2.97 M shares are currently shorted by investors with about 3.65 days to cover. More on Commercial Metals

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Commercial Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Commercial Metals' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Commercial Metals or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman, CEO and PresJoseph Alvarado
Thematic IdeaSteel Works Etc (View all Themes)
Old Names[Corporacion Empresarial de Materiales de Construccion S.A, Comeco SA, China Magnesium Corporation Limited, Cmc Ltd]
Business ConcentrationMetals & Mining, Materials, Basic Materials, NYSE Composite, Stock Exchange Of, SP Midcap 400, Steel Works Etc, Materials, Metals & Mining, Steel, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering Commercial Metals report their recommendations after researching Commercial Metals' financial statements, talking to executives and customers, or listening in on Commercial Metals' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Commercial Metals. The Commercial consensus assessment is calculated by taking the average forecast from all of the analysts covering Commercial Metals.
Financial Strength
Based on the key indicators related to Commercial Metals' liquidity, profitability, solvency, and operating efficiency, Commercial Metals may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. Financial strength of Commercial Metals is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.120.1295
Significantly Down
Slightly volatile
Asset Turnover2.51.52
Way Up
Slightly volatile
Gross Profit Margin0.10.19
Way Down
Slightly volatile
Net Debt456 M646.8 M
Way Down
Very volatile
Total Current Liabilities660.9 M970.3 M
Way Down
Slightly volatile
Non Current Liabilities TotalB1.9 B
Sufficiently Up
Slightly volatile
Total AssetsB7.6 B
Sufficiently Up
Slightly volatile
Total Current Assets3.8 B3.6 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities1.6 B1.5 B
Sufficiently Up
Slightly volatile
Commercial Metals' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Commercial Metals' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Commercial Metals' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Commercial Metals' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Commercial Metals' financial leverage. It provides some insight into what part of Commercial Metals' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Commercial Metals' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Commercial Metals deploys its capital and how much of that capital is borrowed.
Liquidity
Commercial Metals cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 1.15 B in debt with debt to equity (D/E) ratio of 0.5, which is OK given its current industry classification. Commercial Metals has a current ratio of 2.49, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Commercial Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Commercial Metals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Commercial Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Commercial to invest in growth at high rates of return. When we think about Commercial Metals' use of debt, we should always consider it together with cash and equity.

Change To Inventory

167.29 Million
Commercial Metals (CMC) is traded on New York Stock Exchange in USA. It is located in 6565 N. MacArthur Blvd., Irving, TX, United States, 75039 and employs 13,022 people. Commercial Metals is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 6.74 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Commercial Metals's market, we take the total number of its shares issued and multiply it by Commercial Metals's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Commercial Metals runs under Metals & Mining sector within Materials industry. The entity has 115.71 M outstanding shares of which 2.97 M shares are currently shorted by investors with about 3.65 days to cover. Commercial Metals has about 592.33 M in cash with 1.34 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.73.
Check Commercial Metals Probability Of Bankruptcy
Ownership Allocation
Commercial Metals holds a total of 115.71 Million outstanding shares. The majority of Commercial Metals outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Commercial Metals to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Commercial Metals. Please pay attention to any change in the institutional holdings of Commercial Metals as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Commercial Ownership Details

Commercial Stock Price Odds Analysis

What are Commercial Metals' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Commercial Metals jumping above the current price in 90 days from now is about 1.12%. The Commercial Metals probability density function shows the probability of Commercial Metals stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6802 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Commercial Metals will likely underperform. Additionally, commercial Metals has an alpha of 0.0405, implying that it can generate a 0.0405 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 58.28HorizonTargetOdds Above 58.28
98.86%90 days
 58.28 
1.12%
Based on a normal probability distribution, the odds of Commercial Metals to move above the current price in 90 days from now is about 1.12 (This Commercial Metals probability density function shows the probability of Commercial Stock to fall within a particular range of prices over 90 days) .

Commercial Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Commercial Metals that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Commercial Metals' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Commercial Metals' value.
InstituionRecorded OnShares
Victory Capital Management Inc.2023-12-31
1.8 M
Principal Financial Group Inc2023-12-31
1.7 M
Millennium Management Llc2023-12-31
1.6 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.6 M
Charles Schwab Investment Management Inc2023-12-31
1.4 M
Bank Of New York Mellon Corp2023-12-31
1.3 M
Amvescap Plc.2023-12-31
1.2 M
Jpmorgan Chase & Co2023-12-31
1.1 M
Nuveen Asset Management, Llc2023-12-31
1.1 M
Blackrock Inc2023-12-31
15.6 M
Vanguard Group Inc2023-12-31
12.6 M
View Commercial Metals Diagnostics

Commercial Metals Historical Income Statement

Commercial Metals Income Statement is one of the three primary financial statements used for reporting Commercial's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Commercial Metals revenue and expense. Commercial Metals Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Commercial Metals' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 10.6 B, whereas Interest Expense is forecasted to decline to about 30 M. View More Fundamentals

Commercial Stock Against Markets

Picking the right benchmark for Commercial Metals stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Commercial Metals stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Commercial Metals is critical whether you are bullish or bearish towards Commercial Metals at a given time. Please also check how Commercial Metals' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Commercial Metals without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Commercial Metals Corporate Directors

Commercial Metals corporate directors refer to members of a Commercial Metals board of directors. The board of directors generally takes responsibility for the Commercial Metals' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Commercial Metals' board members must vote for the resolution. The Commercial Metals board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Charles SzewsIndependent DirectorProfile
Anthony MassaroLead Independent DirectorProfile
Vicki AvrilIndependent DirectorProfile
Lisa BartonIndependent DirectorProfile

How to buy Commercial Stock?

Before investing in Commercial Metals, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Commercial Metals. To buy Commercial Metals stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Commercial Metals. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Commercial Metals stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Commercial Metals stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Commercial Metals stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Commercial Metals, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Commercial Stock please use our How to Invest in Commercial Metals guide.

Already Invested in Commercial Metals?

The danger of trading Commercial Metals is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Commercial Metals is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Commercial Metals. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Commercial Metals is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Commercial Metals offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Commercial Metals' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Commercial Metals Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Commercial Metals Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For information on how to trade Commercial Stock refer to our How to Trade Commercial Stock guide.
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When running Commercial Metals' price analysis, check to measure Commercial Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Commercial Metals is operating at the current time. Most of Commercial Metals' value examination focuses on studying past and present price action to predict the probability of Commercial Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commercial Metals' price. Additionally, you may evaluate how the addition of Commercial Metals to your portfolios can decrease your overall portfolio volatility.
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Is Commercial Metals' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Commercial Metals. If investors know Commercial will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Commercial Metals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.52)
Dividend Share
0.64
Earnings Share
5.76
Revenue Per Share
71.999
Quarterly Revenue Growth
(0.08)
The market value of Commercial Metals is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Metals' value that differs from its market value or its book value, called intrinsic value, which is Commercial Metals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Commercial Metals' market value can be influenced by many factors that don't directly affect Commercial Metals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Commercial Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Metals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.