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What Makes Nucor Corporation (NYSE:NUE) An Attractive Investment?

Brandie Wetzel

Attractive stocks have exceptional fundamentals. In the case of Nucor Corporation (NYSE:NUE), there’s is a company with great financial health as well as a a great track record of performance. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at the report on Nucor here.

Excellent balance sheet with solid track record

Over the past year, NUE has grown its earnings by 46.45%, with its most recent figure exceeding its annual average over the past five years. In addition to beating its historical values, NUE also outperformed its industry, which delivered a growth of 46.23%. This is an notable feat for the company. NUE’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This implies that NUE manages its cash and cost levels well, which is a crucial insight into the health of the company. NUE appears to have made good use of debt, producing operating cash levels of 0.37x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.

NYSE:NUE Income Statement Export August 23rd 18
NYSE:NUE Income Statement Export August 23rd 18

Next Steps:

For Nucor, I’ve compiled three essential factors you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for NUE’s future growth? Take a look at our free research report of analyst consensus for NUE’s outlook.

  2. Valuation: What is NUE worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether NUE is currently mispriced by the market.

  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of NUE? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.