Worthington Steel (WS)
NYSEMaterialsSteelSnapshot 2026-10-29
$42.09-0.61%
Close 2026-10-29 · 1-day change
NYSEMaterialsSteelSnapshot 2026-10-29
Research Workspace
Put WS beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Materials: fringe margins under pressure (0q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Achieve $150 million in annual cost and operational synergies: Direct metric needs a verified mapping.
View ThesisRevenue growth is accelerating — up about 69% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 35%, softest on free-cash-flow margins.
View QualityManagement screens weak on capital allocation, the balance sheet, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 42% in its worst 12-month stretch.
View RiskKloeckner integration and synergies must turn WS’s acquisition-led revenue growth into durable earnings growth. Revenue grew 212% year over year in Q1 FY2027, yet adjusted EPS missed by 50.9%. That contrasts with 12% revenue growth in the prior fiscal quarter. WS trades at 21.5× P/E versus 16.5× for peers and 16.6× its history. The price reflects less growth than our forecast, despite that premium. Integration and achieving $150 million in annual synergies are the specific pressure points. Our model puts the next-quarter miss probability near 38%. Peer multiples imply a price about 36% below where it trades (it looks expensive on this basis); the thesis is on watch, and this read is provisional.
Trailing returns as of 2026-10-29. WS is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 2 analysts currently covering WS (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
Continue this research
Compare WS with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| WS Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 8 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Steel — fair value, gap to price, and forward P/E.
Compare the value case
Put WS next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Complete Kloeckner Acquisition
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Capex supports Kloeckner integration and growth objectives.
Threatens: Achieve $150M in annual synergies
Earnings miss may hinder achieving annual synergies.
Advances: Debt issuance for Klöckner Acquisition
Debt issuance confirms progress on Kloeckner Acquisition.