---
title: Nucor (NUE) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/nue
ticker: NUE
as_of: 2026-10-17
sector: Basic Materials
industry: Steel
---
# Nucor (NUE)

Nucor (NUE) closed at $256.29 on Oct 16, 2026, undervalued by 6% vs its model value of $273.67 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $256.29 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $273.67 |
| Price vs model | undervalued by 6% vs model |
| Range of that model | $203.93 – $421.51 |
| Market value | $58.1B |
| P/E (fiscal 2025) | 34.1 |
| Net margin (fiscal 2025) | 5.4% |
| Free cash flow (fiscal 2025) | -$188.0M |
| Dividend yield (trailing twelve months) | 0.87% |
| Beta | 1.85 |
| Cost of capital (WACC) | 10.77% |
| Business classification | Cyclical (Revenue declining (~-3% recent), Moderate margins (5% net margin), Highly cyclical earnings, Negative free cash flow) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Best performing this year | #34 | +57.1% | https://sweetvaluelab.com/lists/best-performing-this-year |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 0.87% |
| Dividends per share, last 12 months | $2.24 |
| Coverage | — |
| Raised | 16 years in a row |
| Growth over 5 years | 6.7% a year |
| Latest payment | $0.56, ex-date Sep 30, 2026, paid Nov 10, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 29, 2021 | $1.62 |
| To Sep 29, 2022 | $2.00 |
| To Sep 28, 2023 | $2.04 |
| To Sep 27, 2024 | $2.16 |
| To Sep 30, 2025 | $2.20 |
| Trailing twelve months (to Sep 30, 2026) | $2.24 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $273.67 | $203.93 | $421.51 |
| DCF · Perpetuity growth · 10y | cross check | $268.14 | $206.27 | $395.63 |
| DCF · EBITDA exit · 5y | cross check | $289.74 | $158.11 | $445.38 |
| DCF · EBITDA exit · 10y | cross check | $280.47 | $179.95 | $416.15 |
| P/E · peers | cross check | $84.67 | $83.30 | $86.04 |
| P/E · own history | cross check | $117.82 | $77.02 | $227.48 |
| PEG | sanity check | $367.73 | $367.73 | $367.73 |
| EV/EBITDA · peers | cross check | $111.08 | $111.07 | $111.09 |
| EV/Revenue · peers | cross check | $28.46 | $20.31 | $58.78 |
| Earnings power value | cross check | $72.89 | $61.42 | $88.07 |
| Dividend discount | cross check | $24.49 | $18.53 | $34.18 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 6 open-market sales ($11.2M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 14, 2026 | Topalian Leon J | Chair and CEO | Option/RSU exercise | 26,000 | $1.1M |
| Aug 14, 2026 | Topalian Leon J | Chair and CEO | Open-market sell | 25,898 | $7.0M |
| Aug 14, 2026 | Topalian Leon J | Chair and CEO | Open-market sell | 102 | $27,467.6 |
| Aug 17, 2026 | Topalian Leon J | Chair and CEO | Bona fide gift | 1,800 | $0 |
| Aug 14, 2026 | Topalian Leon J | Chair and CEO | Option/RSU exercise | 26,000 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 21, 2026 | S-3ASR | Shelf registration (automatic) | https://www.sec.gov/Archives/edgar/data/73309/000119312526360088/d142584ds3asr.htm |
| Aug 12, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/73309/000119312526345891/nue-20260704.htm |
| Jul 27, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/73309/000119312526318190/d468854d8k.htm |
| Jun 22, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/73309/000119312526277574/d109735d8ka.htm |
| Jun 2, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/73309/000119312526253839/d112329d8ka.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Buffett | 2026-06-30 | 1,857,752 | $413.8M |
| Bridgewater | 2026-06-30 | 513,423 | $114.4M |
| Dodge & Cox | 2026-06-30 | 6,200 | $1.4M |
| David Katz | 2026-09-30 | 1,063 | $248,476 |

4 tracked managers in all.

## About

Nucor Corporation is a prominent producer and distributor of steel and diverse steel-related products. Within its Steel Mills division, the company manufactures a comprehensive range of steel goods. These include various sheet steel types like hot-rolled, cold-rolled, and galvanized, alongside plate steel. It also produces structural components such as wide-flange beams, beam blanks, H-piling, and sheet piling. Furthermore, this segment supplies bar steel products, encompassing blooms, billets, concrete reinforcing bars, merchant bars, and specialized bar quality items. Beyond manufacturing, Nucor's steel mills are involved in steel trading and the distribution of rebar. Its clientele primarily consists of steel service centers, fabricators, and manufacturers across the United States, Canada, and Mexico. The Steel Products segment provides an array of manufactured steel goods, such as ho…

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Source: https://sweetvaluelab.com/stocks/nue (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.