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Global Big Money Report

United States Steel Corporation

Jul 20, 2022

X:NYSE
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price ()

 

Section 1: Company Overview and Fundamentals

1.1 Company Overview:

United States Steel Corporation (NYSE: X) is a leading steel producer with operations spread across the U.S. and Central Europe. The company caters to various industries including automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products.

1.2 The Key Positives, Negatives, Investment Highlights and Risks

1.3 Top 10 Shareholders: The top 10 shareholders have been highlighted in the chart below, which together forms ~40.60% of the total shareholding.

1.4 Key Metrics:

The company witnessed improvement in EBITDA margin to reach 24.7% in 1QFY22 from 13.8% in 1QFY21. Further, the ROE improved to 9.4% in 1QFY22 from 2.2% in 1QFY21. The company’s debt to equity ratio also improved to 0.41x in 1QFY22 from 1.26x in 1QFY21, depicting reasonable leverage position of the company.

Section 2: Business Updates and Financial Highlights

2.1 Recent Updates:

2.2 Insights of 1QFY22:

Section 3: Key Risks and Outlook:

Section 4: Stock Recommendation Summary:

4.1 Price Performance and Technical Summary:

4.2 Fundamental Valuation

Valuation Methodology: Price/Earnings Per Share Multiple Based Relative Valuation (Illustrative)

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is July 19, 2022. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.


Disclaimer-

Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.

Kalkine Media LLC, an affiliate of Kalkine Equities LLC, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.