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Arphra AIPlain-English read on Commercial Metals Company’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +16.43% | +20.83% | +20.59% | +17.14% | +15.65% | +18.15% | +17.91% | +17.45% | +18.14% |
| Operating margin | +8.93% | +14.71% | +13.28% | +8.75% | +6.67% | +9.56% | +9.74% | +9.41% | +9.77% |
| EBITDA margin | +11.20% | +19.53% | +15.69% | +12.16% | +5.63% | +11.19% | +11.15% | +11.05% | +11.02% |
| EBIT margin | +8.71% | +17.57% | +13.21% | +8.62% | +1.96% | +8.11% | +8.05% | +7.82% | +8.04% |
| Pre-tax margin | +7.94% | +17.00% | +12.75% | +8.02% | +1.38% | +7.29% | +7.19% | +7.36% | +7.54% |
| Net margin | +6.13% | +13.66% | +9.77% | +6.13% | +1.09% | +5.77% | +5.54% | +5.52% | +5.80% |
| Cost structure | |||||||||
| Cost of revenue / sales | +83.57% | +79.17% | +79.41% | +82.86% | +84.35% | +83.42% | +82.76% | +80.22% | +84.55% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +7.51% | +6.11% | +7.31% | +8.39% | +8.98% | +8.12% | +8.35% | +8.44% | +8.41% |
| Effective tax rate | +22.69% | +19.66% | +23.37% | +23.63% | +21.28% | +23.14% | +22.88% | +22.97% | +22.51% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +17.99% | +37.04% | +20.86% | +11.29% | +2.02% | +11.14% | +10.76% | +10.95% | +11.10% |
| Return on assets (ROA) | +8.90% | +19.52% | +12.95% | +7.12% | +1.18% | +6.87% | +6.57% | +6.66% | +6.82% |
| Return on capital (ROC) | +17.85% | +27.39% | +22.15% | +12.63% | +9.37% | +14.37% | +14.59% | +14.27% | +14.54% |
| Return on invested capital (ROIC) | +12.27% | +25.42% | +16.30% | +8.84% | +1.53% | +8.67% | +8.30% | +8.37% | +8.63% |
| Asset turnover | +145.08% | +142.91% | +132.54% | +116.25% | +108.74% | +118.99% | +118.56% | +120.64% | +117.54% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +6.13% | +13.66% | +9.77% | +6.13% | +1.09% | +5.77% | +5.54% | +5.52% | +5.80% |
| Asset turnover (× revenue / assets) | +145.08% | +142.91% | +132.54% | +116.25% | +108.74% | +118.99% | +118.56% | +120.64% | +117.54% |
| Equity multiplier (× assets / equity) | +202.11% | +189.78% | +161.10% | +158.55% | +171.02% | +162.25% | +163.81% | +164.40% | +162.73% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 1.45 | 1.43 | 1.33 | 1.16 | 1.09 | 1.19 | 1.19 | 1.21 | 1.18 |
| Fixed-asset turnover | 4.30 | 4.66 | 3.65 | 3.08 | 2.84 | — | — | — | — |
| Inventory turnover | 6.01 | 6.03 | 6.75 | 6.76 | 7.04 | — | — | — | — |
| Receivables turnover | 6.09 | 6.56 | 7.10 | 6.84 | 6.49 | — | — | — | — |
| Payables turnover | 12.48 | 16.49 | 19.18 | 18.73 | 18.36 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 59.96 | 55.65 | 51.44 | 53.37 | 56.24 | — | — | — | — |
| Days inventory outstanding (DIO) | 60.71 | 60.50 | 54.09 | 54.01 | 51.84 | — | — | — | — |
| Days payables outstanding (DPO) | 29.25 | 22.14 | 19.03 | 19.48 | 19.88 | — | — | — | — |
| Cash conversion cycle | 91.42 | 94.00 | 86.50 | 87.90 | 88.20 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 0.55 | 0.58 | 1.56 | 1.85 | 8.45 | 2.12 | 2.15 | 2.12 | 2.08 |
| FCF / Net income | 0.11 | 0.21 | 0.86 | 1.19 | 3.69 | 1.15 | 1.15 | 1.18 | 1.13 |
| FCF margin | +0.66% | +2.81% | +8.38% | +7.26% | +4.00% | +6.64% | +6.37% | +6.53% | +6.54% |
| OCF margin | +3.39% | +7.86% | +15.27% | +11.35% | +9.17% | +12.26% | +11.91% | +11.71% | +12.05% |
| CapEx / Revenue | +2.74% | +5.05% | +6.89% | +4.09% | +5.17% | +5.33% | +5.51% | +5.32% | +5.25% |
| CapEx / D&A | 1.10 | 2.57 | 2.77 | 1.16 | 1.41 | — | — | — | — |
| Stock-based comp / Revenue | +0.65% | +0.53% | +0.69% | +0.57% | +0.48% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 3.38 | 9.95 | 7.25 | 4.14 | 0.74 | 6.41 | 6.76 | 6.41 | 7.00 |
| EPS · basic | 3.43 | 10.09 | 7.34 | 4.19 | 0.75 | 6.46 | 6.94 | 6.40 | 7.06 |
| Book value / share | 18.81 | 26.86 | 34.75 | 36.70 | 36.76 | 41.53 | 43.99 | 44.20 | 35.72 |
| Tangible BV / share | 18.19 | 22.71 | 29.31 | 31.41 | 31.52 | 41.53 | 43.99 | 44.20 | 35.72 |
| Sales / share | 55.17 | 72.84 | 74.19 | 67.66 | 68.36 | 80.18 | 85.45 | 87.67 | 68.33 |
| Operating CF / share | 1.87 | 5.72 | 11.33 | 7.68 | 6.27 | 9.83 | 10.18 | 10.26 | 8.24 |
| Free cash flow / share | 0.36 | 2.05 | 6.22 | 4.91 | 2.74 | 5.32 | 5.44 | 5.72 | 4.47 |
| Dividends / share | 0.47 | 0.55 | 0.63 | 0.67 | 0.71 | 0.77 | 0.81 | 0.86 | 0.67 |
| Payout ratio | +13.99% | +5.57% | +8.72% | +16.24% | +96.19% | +16.62% | +17.17% | +17.71% | +17.00% |
| Retention ratio | +86.01% | +94.43% | +91.28% | +83.76% | +3.81% | +83.38% | +82.83% | +82.29% | +83.00% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +32.45% | -1.28% | -9.93% | -1.61% | +17.44% | +7.35% | +1.42% | -21.94% | +1.83% |
| Gross profit · YoY | — | +67.87% | -2.40% | -25.01% | -10.20% | +36.26% | +5.89% | -1.19% | -18.85% | +3.10% |
| Profit | ||||||||||
| Operating income · YoY | — | +118.30% | -10.91% | -40.64% | -25.04% | +68.39% | +9.38% | -1.99% | -18.96% | +2.99% |
| EBITDA · YoY | — | +131.03% | -20.68% | -30.20% | -54.47% | +133.54% | +6.98% | +0.45% | -22.16% | +1.63% |
| Net income · YoY | — | +194.83% | -29.37% | -43.53% | -82.56% | +524.40% | +3.00% | +1.06% | -17.93% | +1.13% |
| Operating | ||||||||||
| EBIT · YoY | — | +167.25% | -25.79% | -41.18% | -77.61% | +385.26% | +6.53% | -1.38% | -19.83% | +0.82% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +194.38% | -27.14% | -42.90% | -82.13% | +766.43% | +5.44% | -5.21% | +9.24% | +9.53% |
| EPS · basic · YoY | — | +194.17% | -27.25% | -42.92% | -82.10% | +760.85% | +7.50% | -7.75% | +10.27% | +9.44% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $1.07B | $1.5B | $1.15B | $1.19B | $1.35B | $1.35B | $1.5B | $1.55B | $1.16B |
| Net debt | $572.04M | $829.45M | $562.47M | $331.7M | $311.04M | $394.36M | $510.44M | $544.3M | $371.24M |
| Net debt / EBITDA | 0.76 | 0.48 | 0.41 | 0.34 | 0.71 | 0.38 | 0.47 | 0.49 | 0.43 |
| Debt / equity | 0.47 | 0.46 | 0.28 | 0.28 | 0.32 | 0.28 | 0.30 | 0.31 | 0.29 |
| Debt / assets | +23.06% | +24.08% | +17.39% | +17.45% | +18.88% | +17.54% | +18.11% | +18.74% | +17.56% |
| Equity / assets | +49.48% | +52.69% | +62.07% | +63.07% | +58.47% | +61.63% | +61.04% | +60.83% | +61.45% |
| Coverage | |||||||||
| EBITDA / interest expense | 14.52 | 34.33 | 34.41 | 20.13 | 9.65 | 20.68 | 19.81 | 20.40 | 19.71 |
| Operating income / interest | 11.57 | 25.86 | 29.12 | 14.48 | 11.43 | 17.66 | 17.30 | 17.38 | 17.48 |
| Interest expense | $51.9M | $50.71M | $40.13M | $47.89M | $45.5M | $49.57M | $55.35M | $54M | $43.5M |
| Liquidity | |||||||||
| Current ratio | 2.79 | 2.54 | 3.73 | 3.94 | 2.78 | — | — | — | — |
| Quick ratio | 1.64 | 1.50 | 2.17 | 2.42 | 1.78 | — | — | — | — |
| Cash ratio | 0.51 | 0.50 | 0.70 | 1.03 | 0.83 | — | — | — | — |
| Working capital | $1.76B | $2.08B | $2.3B | $2.46B | $2.24B | — | — | — | — |
| Working capital / revenue | +26.10% | +23.39% | +26.14% | +31.01% | +28.67% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).