Metallus Inc. (MTUS) vs National Steel Company (SID)

Metallus Inc. and National Steel Company are both Steel companies. National Steel Company is the larger, with a market value of $1.5B against $785.1M — 1.9× the size. National Steel Company has negative trailing earnings, so its P/E is not meaningful; Metallus Inc. trades at 99.2×. Metallus Inc. grew revenue faster over the last twelve months: 16.1% against 9.26%. Metallus Inc. has the higher net margin (0.66% vs −5.61%) and the lower return on invested capital (0.82% vs 3.18%). Across the 19 metrics below, Metallus Inc. leads on 12 and National Steel Company on 7.

Valuation

Metric MTUS SID Steel median
P/E 99.16 n/m 21.10
P/S 0.64 0.17 0.70
P/B 1.13 0.48 1.39
Price to free cash flow n/m n/m 23.71
EV/EBITDA 10.71 6.66 10.71
EV/Sales 0.56 1.08 0.85
Earnings yield 1.01% (30.91%) 4.56%
Free cash flow yield (12.45%) (86.32%) 0.00%

Profitability

Metric MTUS SID Steel median
Gross margin 8.20% 27.75% 13.91%
Operating margin 0.63% 6.41% 4.77%
Net margin 0.66% (5.61%) 3.40%
Free cash flow margin (7.98%) (13.90%) 0.00%
Return on equity 1.17% (15.97%) 2.21%
Return on assets 0.72% (2.54%) 1.83%
Return on invested capital 0.82% 3.18% 2.52%

Growth

Metric MTUS SID Steel median
Revenue growth (TTM) 16.12% 9.26% 11.33%
EPS growth (last fiscal year) (200.00%) 25.00% —
Revenue growth, 5-year CAGR 6.87% 6.59% 6.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MTUS SID Steel median
Debt to equity 0.00 3.50 0.22
Current ratio 1.75 1.15 2.58
Net debt to EBITDA (2.90) 4.48 0.10

Dividend

Metric MTUS SID Steel median
Dividend yield — 14.27% 2.48%
Payout ratio 0.00 5.08 0.04

Size

Metric MTUS SID Steel median
Market cap 785.05m 1.46b 1.46b

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