QualityDipStocks / Industrials · Steel
Worthington Enterprises WOR
Outside our quality screen, so we don’t track its dips. It’s at its 52-week high.
Outside our quality screen, trading near our fair value estimate, 4% over its Market Value.
- Fair value est.
- $63.27−3%
- Market Value
- $62.50price +4%
- Off 52-wk high
- at the high
- Risk vs market
- Below marketbeta 0.89
5 bullish · 4 bearish See why
Repriced or dip?
Near its high
The price is 0% below its 52-week high (Oct 21), but the business held up: net cash (cash minus debt) 0.0% of market cap since the high, shares outstanding unchanged, operating margin 0.0 pts.
Some numbers held up (net cash (cash minus debt) 0.0% of market cap since the high, shares outstanding unchanged, operating margin 0.0 pts), others slipped. The price is 0% below its 52-week high.
The price is 0% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the high ($65.10, Oct 21) the price assumed about 4%/yr free-cash-flow growth; at the low ($46.99, Mar 12) about 1%; today about 3%. The last 3 years delivered −32%/yr (free cash flow).
Dashed line: what the last 3 years delivered, −32%/yr (free cash flow)
| High | Low | Now | |
|---|---|---|---|
| Price | $65.10Oct 21 | $46.99Mar 12 | $64.94 |
| Implied growth | +4% | +1% | +3% |
| P/E | 19.6× | 22.1× | 19.5× |
| P/FCF | 16.3× | 14.6× | 16.3× |
| EV/Sales | 2.4× | 2.0× | 2.4× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
Cyclical / peak cash flow — treat with care
What the price implies To be worth today’s price, WOR’s free cash flow would need to grow about 3% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much WOR moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves a bit less than the market, and its own price swings are 2.4× the S&P 500’s.
- Beta vs S&P 500
- 0.89
- Volatility
- 30% vs 13% SPY
- Correlation SPY
- 0.38
- Correlation QQQ
- 0.26
How it ranks
Where WOR stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Not in the top quarter on any of these 6 measures
- Discount to fair value estimate3% · price above our base caseTop 46%of 1,314
- Free cash flow yield6.1% · free cash flow vs market capTop 29%of 1,391
- Dividends + buybacks yield2.9% · cash paid out or used to retire shares, vs market capTop 48%of 1,836
- Revenue growth, last 12 months+18% · vs the 12 months beforeTop 28%of 1,814
- Operating margin5.6% · of sales kept as operating profitLowest 28%of 1,288
- Return on invested capital4.7% · profit per dollar of capitalLowest 22%of 838
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $63.27 · MV $62.50 · FCF value $35.51
Cyclical / peak cash flow — treat with care
Assumes 3.0% growth for 5 years (revenue grew -0.9% a year FY23–FY26; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $3.99 a share (trailing 12 months to Aug 31, 2026), from the 10-Q filed Oct 9, 2026. Net debt $250M, not deducted.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
GrowthDiluted EPS grew 64% to $3.14 in FY2026.
ProfitabilityOperating margin widened to 5.5% in FY2026 from −5.9% in FY2024 (SEC filings).
ValuationFree-cash-flow yield of 6.1% (price / FCF 16.3×): $196M of free cash in the last 12 months.
ValuationP/E of 19.5× vs a 26.5× median for the 220 Industrials companies we cover.
GrowthSales grew 18% to $1.4B over the last 12 months vs the 12 months before (SEC filings).
Top bearish points 4 of 5
ProfitabilityReturn on invested capital of 5%, below the 9.5% discount rate our DCF uses.
ValuationEV/EBITDA of 24.6×, above the 15.4× median for the 159 Industrials companies we cover.
GrowthSales fell 0.9% a year over the last three fiscal years, below the 4.3% median for the 257 Industrials companies we cover.
RiskCyclical business: one strong year of cash flow can make it look cheaper than it is.
All fundamentals
P/E 19.5 · FCF yield 6.1% · ROE 16%
Valuation
- P/E
- 19.5×Industrials median 26.5×
- Price / FCF
- 16.3×
- FCF yield
- 6.1%
- EV / EBITDA
- 24.6×
- Price / sales
- 2.25×
- Price / book
- 3.05×
- Market cap
- $3.2Bprice × diluted shares
- Enterprise value
- $3.4B
Growth
- Revenue, 12 months
- $1.4B
- Sales growth, 12 months
- +18.4%vs the 12 months before
- Sales growth, 3 yrs
- −0.9%/yrfrom FY2023
- Diluted EPS, 12 months
- $3.31
- EPS growth, last FY
- +63.5%
- Net income, 12 months
- $164M
- Net income growth
- +53%12 months vs before
Profitability
- Gross margin
- 27.2%
- Operating margin
- 5.6%
- Net margin
- 11.5%
- FCF margin
- 13.8%
- Return on equity
- 16%
- Return on invested capital
- 5%
Balance sheet
- Cash & short-term inv.
- $55M
- Total debt
- $306M
- Net cash
- −$250M
- Debt / equity
- 0.29×
- Interest coverage
- 9.7×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $196M
- FCF growth, 12 months
- +26%
- Dividend yield
- 1.18%$38M paid
- Payout ratio
- 23%
- Buybacks, 12 months
- $56M1.7% of market cap
- Share count, 1 year
- −1.7%diluted shares vs a year ago
- Stock-based comp
- $14M
Trailing 12 months to Aug 31, 2026; balance sheet at Aug 31, 2026. From Worthington Enterprises’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.1B · Sales +13%
- Free cash flow, 12 months$0.1B
- Free-cash-flow yield6.1%
- Free-cash-flow margin5%
- Gross margin27%
- Operating margin4%
- Return on invested capital3%
- Return on equity16%
- Sales growth (latest quarter vs year-ago quarter)+13%
- Net debt / EBITDA2.0×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $64.94
- 52-wk lowlowest close, 1 year$46.99−27.6%
- Market Valueavg paid since Sep 25$62.50−3.8%
- Fair value est.base case$63.27−2.6%
- PriceMon Nov 2 close$64.94you are here
- 52-wk highhighest close, 1 year$65.10+0.2%
Momentum & 52-week range
RSI 59 · 5 days +1.1%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
WOR is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Worthington Enterprises in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Steel
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.