Valuation for WS - findataslice

	Worthington Steel, Inc. (WS)
	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014	Q2-CY2014	Q1-CY2014
Balance Sheet Date		2025-Nov-30	2025-Aug-31	2025-May-31	2025-Feb-28	2024-Nov-30	2024-Aug-31	2024-May-31	2024-Feb-29	2023-Nov-30
Fiscal Period		Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023	Q3-FY2023	Q2-FY2023
Close Price of Common Stock	36.93$	34.58$	30.46$	29.90$	25.33$	31.84$	34.04$	33.39$	35.87$	28.10$
Market Cap of Common Stock	1,875,998,072$	1,757,807,111$	1,549,586,128$	1,517,142,325$	1,285,591,322$	1,616,713,062$	1,715,314,882$	1,682,296,450$	1,802,133,514$
QoQ%	6.72%	13.44%	2.14%	18.01%	(20.48%)	(5.75%)	1.96%	(6.65%)
YoY%	45.93%	8.73%	(9.66%)	(9.82%)	(28.66%)
Common Shares Outstanding	50,805,635	49,857,111	49,635,244	49,548,895	49,535,449	49,500,000	49,400,000	49,331,514	49,300,000	49,300,000	49,300,000	100	100	49,300,000
QoQ%	1.90%	.45%	.17%	.03%	.07%	.20%	.14%	.06%	.00%	.00%	49,299,900.00%	.00%	(100.00%)
YoY%	2.56%	.72%	.48%	.44%	.48%	.41%	.20%	49,331,414.00%	49,299,900.00%	.00%
Price to Sales	.57x	.54x	.49x	.49x	.41x	.49x	.51x	.49x	.53x
Price to Earnings	15.06x	14.11x	13.07x	13.70x	11.88x	11.27x	13.77x	10.87x	10.68x
Price to Book	1.68x	1.57x	1.40x	1.41x	1.27x	1.60x	1.70x	1.71x	1.92x
Total Revenue		871,900,000$	872,900,000$	832,900,000$	687,400,000$	739,000,000$	834,000,000$	911,000,000$	805,800,000$	808,000,000$	905,800,000$	884,000,000$	780,700,000$	868,400,000$
QoQ%		(.12%)	4.80%	21.17%	(6.98%)	(11.39%)	(8.45%)	13.06%	(.27%)	(10.80%)	2.47%	13.23%	(10.10%)
YoY%		17.98%	4.66%	(8.57%)	(14.69%)	(8.54%)	(7.93%)	3.05%	3.22%	(6.96%)
TTM		3,265,100,000$	3,132,200,000$	3,093,300,000$	3,171,400,000$	3,289,800,000$	3,358,800,000$	3,430,600,000$	3,403,600,000$	3,378,500,000$	3,438,900,000$
TTM_QoQ%		4.24%	1.26%	(2.46%)	(3.60%)	(2.05%)	(2.09%)	.79%	.74%	(1.76%)
TTM_YoY%		(.75%)	(6.75%)	(9.83%)	(6.82%)	(2.63%)	(2.33%)
Gross Margin		10.69%	13.20%	15.25%	11.81%	10.83%	12.04%	14.38%	14.90%	7.45%	14.19%	16.99%	8.10%	3.97%
QoQ		(2.51%)	(2.05%)	3.44%	.99%	(1.21%)	(2.34%)	(.52%)	7.45%	(6.74%)	(2.81%)	8.90%	4.12%
YoY		(.14%)	1.16%	.87%	(3.09%)	3.38%	(2.15%)	(2.61%)	6.81%	3.48%
Operating Income		21,700,000$	48,300,000$	66,400,000$	18,300,000$	18,900,000$	43,400,000$	67,300,000$	66,300,000$	(8,800,000$)	69,700,000$	89,800,000$	9,500,000$	(19,900,000$)
QoQ%		(55.07%)	(27.26%)	262.84%	(3.18%)	(56.45%)	(35.51%)	1.51%	853.41%	(112.63%)	(22.38%)	845.26%	147.74%
YoY%		14.82%	11.29%	(1.34%)	(72.40%)	314.77%	(37.73%)	(25.06%)	597.90%	55.78%
TTM		154,700,000$	151,900,000$	147,000,000$	147,900,000$	195,900,000$	168,200,000$	194,500,000$	217,000,000$	160,200,000$	149,100,000$
TTM_QoQ%		1.84%	3.33%	(.61%)	(24.50%)	16.47%	(13.52%)	(10.37%)	35.46%	7.45%
TTM_YoY%		(21.03%)	(9.69%)	(24.42%)	(31.84%)	22.29%	12.81%
Operating Margin		2.49%	5.53%	7.97%	2.66%	2.56%	5.20%	7.39%	8.23%	(1.09%)	7.70%	10.16%	1.22%	(2.29%)
QoQ		(3.04%)	(2.44%)	5.31%	.10%	(2.65%)	(2.18%)	(.84%)	9.32%	(8.78%)	(2.46%)	8.94%	3.51%
YoY		(.07%)	.33%	.59%	(5.57%)	3.65%	(2.49%)	(2.77%)	7.01%	1.20%
Net Income		21,500,000$	38,600,000$	58,900,000$	12,100,000$	16,100,000$	32,200,000$	57,700,000$	52,400,000$	(2,100,000$)	62,100,000$	71,600,000$	9,300,000$	(12,500,000$)
QoQ%		(44.30%)	(34.47%)	386.78%	(24.85%)	(50.00%)	(44.19%)	10.12%	2,595.24%	(103.38%)	(13.27%)	669.89%	174.40%
YoY%		33.54%	19.88%	2.08%	(76.91%)	866.67%	(48.15%)	(19.41%)	463.44%	83.20%
TTM		131,100,000$	125,700,000$	119,300,000$	118,100,000$	158,400,000$	140,200,000$	170,100,000$	184,000,000$	140,900,000$	130,500,000$
TTM_QoQ%		4.30%	5.37%	1.02%	(25.44%)	12.98%	(17.58%)	(7.55%)	30.59%	7.97%
TTM_YoY%		(17.24%)	(10.34%)	(29.87%)	(35.82%)	12.42%	7.43%
Profit Margin		2.47%	4.42%	7.07%	1.76%	2.18%	3.86%	6.33%	6.50%	(.26%)	6.86%	8.10%	1.19%	(1.44%)
QoQ		(1.96%)	(2.65%)	5.31%	(.42%)	(1.68%)	(2.47%)	(.17%)	6.76%	(7.12%)	(1.24%)	6.91%	2.63%
YoY		.29%	.56%	.74%	(4.74%)	2.44%	(3.00%)	(1.77%)	5.31%	1.18%
Equity to Common Shareholders		1,117,100,000$	1,104,900,000$	1,074,100,000$	1,012,300,000$	1,010,800,000$	1,009,100,000$	985,300,000$	937,600,000$	1,040,300,000$	1,247,400,000$	1,029,000,000$	1,160,900,000$	1,223,200,000$
QoQ		12,200,000$	30,800,000$	61,800,000$	1,500,000$	1,700,000$	23,800,000$	47,700,000$	(102,700,000$)	(207,100,000$)	218,400,000$	(131,900,000$)	(62,300,000$)
QoQ%		1.10%	2.87%	6.11%	.15%	.17%	2.42%	5.09%	(9.87%)	(16.60%)	21.22%	(11.36%)	(5.09%)
YoY		106,300,000$	95,800,000$	88,800,000$	74,700,000$	(29,500,000$)	(238,300,000$)	(43,700,000$)	(223,300,000$)	(182,900,000$)
YoY%		10.52%	9.49%	9.01%	7.97%	(2.84%)	(19.10%)	(4.25%)	(19.24%)	(14.95%)
Dividends Paid		8,400,000$	8,100,000$	18,100,000$	9,900,000$	11,000,000$	9,900,000$	5,000,000$	1,900,000$		1,900,000$	8,400,000$	0$	11,800,000$
Additional Paid-In Capital QoQ		(200,000$)	1,400,000$	2,700,000$	1,600,000$	2,900,000$	1,400,000$	2,300,000$
Treasury Stock
QoQ
Goodwill		101,500,000$	101,700,000$	79,600,000$	79,300,000$	79,500,000$	79,700,000$	79,600,000$	79,700,000$	79,200,000$		78,600,000$
QoQ%		(.20%)	27.76%	.38%	(.25%)	(.25%)	.13%	(.13%)	.63%
YoY%		27.67%	27.60%	.00%	(.50%)	.38%		1.27%
Other Intangible Assets		88,300,000$	90,000,000$	67,900,000$	69,300,000$	73,900,000$	75,500,000$	77,000,000$	78,600,000$	80,200,000$		83,400,000$
QoQ		(1,700,000$)	22,100,000$	(1,400,000$)	(4,600,000$)	(1,600,000$)	(1,500,000$)	(1,600,000$)	(1,600,000$)
Amortization of Intangible Assets
Total Assets		2,150,000,000$	2,243,300,000$	1,961,800,000$	1,799,700,000$	1,739,300,000$	1,829,400,000$	1,866,400,000$	1,849,000,000$	1,897,400,000$		1,764,400,000$
QoQ		(93,300,000$)	281,500,000$	162,100,000$	60,400,000$	(90,100,000$)	(37,000,000$)	17,400,000$	(48,400,000$)
YoY		410,700,000$	413,900,000$	95,400,000$	(49,300,000$)	(158,100,000$)		102,000,000$
Total Liabilities		803,100,000$	912,400,000$	763,900,000$	656,600,000$	594,200,000$	686,200,000$	748,900,000$	778,700,000$	725,900,000$		609,800,000$
QoQ		(109,300,000$)	148,500,000$	107,300,000$	62,400,000$	(92,000,000$)	(62,700,000$)	(29,800,000$)	52,800,000$
YoY		208,900,000$	226,200,000$	15,000,000$	(122,100,000$)	(131,700,000$)		139,100,000$
Current Ratio		1.80x	1.66x	1.66x	1.75x	1.83x	1.71x	1.62x	1.58x	1.83x		2.05x
Total Current Assets		1,050,300,000$	1,148,500,000$	1,048,500,000$	912,600,000$	857,400,000$	955,500,000$	1,001,800,000$	1,022,900,000$	1,086,500,000$		980,900,000$
QoQ		(98,200,000$)	100,000,000$	135,900,000$	55,200,000$	(98,100,000$)	(46,300,000$)	(21,100,000$)	(63,600,000$)
Total Current Liabilities		584,900,000$	693,600,000$	631,500,000$	521,000,000$	467,700,000$	557,900,000$	618,400,000$	645,400,000$	595,300,000$		478,400,000$
QoQ		(108,700,000$)	62,100,000$	110,500,000$	53,300,000$	(90,200,000$)	(60,500,000$)	(27,000,000$)	50,100,000$
Debt to Asset Ratio		.37x	.41x	.39x	.36x	.34x	.38x	.40x	.42x	.38x		.35x
Long Term Debt		41,700,000$	43,100,000$	2,300,000$	2,200,000$	115,000,000$	122,200,000$	148,000,000$	147,200,000$	195,000,000$
QoQ		(1,400,000$)	40,800,000$	100,000$	(112,800,000$)	(7,200,000$)	(25,800,000$)	800,000$	(47,800,000$)
YoY		(73,300,000$)	(79,100,000$)	(145,700,000$)	(145,000,000$)	(80,000,000$)
Capital Lease Obligations				76,400,000$				75,900,000$
Cash and Cash Equivalents		89,800,000$	78,300,000$	38,000,000$	63,300,000$	52,000,000$	36,000,000$	40,200,000$	60,800,000$	214,400,000$		32,700,000$
QoQ		11,500,000$	40,300,000$	(25,300,000$)	11,300,000$	16,000,000$	(4,200,000$)	(20,600,000$)	(153,600,000$)
YoY		37,800,000$	42,300,000$	(2,200,000$)	2,500,000$	(162,400,000$)		7,500,000$
Interest Expenses		2,700,000$	2,900,000$	1,000,000$	1,400,000$	2,100,000$	2,600,000$	2,400,000$	2,900,000$	200,000$	500,000$	300,000$	500,000$	900,000$
Interest Income