Ryerson Holdings (RYI) AI Stock Analysis

• Market Cap: $658.41M
• Dividend Yield: 3.67%
• Average Volume (3M): 157.37K
• Price to Earnings (P/E): 37.9
• Beta (1Y): 1.23
• Revenue Growth: -9.04%
• EPS Growth: -108.47%
• Country: US
• Employees: 4,200
• Sector: Industrials
• Sector Strength: 83
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): -0.18
• Shares Outstanding: 32,196,087
• 10 Day Avg. Volume: 172,907
• 30 Day Avg. Volume: 157,371
• PEG Ratio: 0.08
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.87
• Enterprise Value/Market Cap: 2.59
• Enterprise Value/Revenue: 0.09
• Enterprise Value/Gross Profit: 2.09
• Enterprise Value/Ebitda: 2.83
• 1Y Price Target: $24.00
• Price Target Upside: 16.73% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 58 Neutral
• Price Target: $22.00 ▲(7.00%Upside)

The overall score reflects Ryerson's solid cash flow and strategic moves in leadership, offset by profitability challenges and valuation concerns. Technical indicators suggest a neutral market position, with earnings call insights providing some optimism for improvement.

Positive Factors

Debt Management

Despite not repurchasing shares, Ryerson reduced its gross debt balance, which is seen as a positive move.

Order Activity

Ryerson has seen a significant increase in order activity recently, especially in the spot/transactional and value-added sales, with bookings at their highest level since late 2021.

Shipments and EBITDA

Ryerson expects shipments to increase by 11% to 13% quarter-over-quarter, with an expected adjusted EBITDA above prior expectations.

Negative Factors

Net Leverage

Net leverage increased slightly to 3.9x, from 3.8x last quarter, and currently remains above the targeted range.

Ryerson Holdings Business Overview & Revenue Model

Company Description

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States, Canada, Mexico, and China. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing. The company also provides various processing services, such as bending, beveling, blanking, blasting, burning, cutting-to-length, drilling, embossing, flattening, forming, grinding, laser cutting, machining, notching, painting, perforating, polishing, punching, rolling, sawing, scribing, shearing, slitting, stamping, tapping, threading, welding, or other techniques to process materials. It serves various industries, including commercial ground transportation, metal fabrication and machine shops, industrial machinery and equipment manufacturing, consumer durable equipment, HVAC manufacturing, construction equipment manufacturing, food processing and agricultural equipment manufacturing, and oil and gas. The company was founded in 1842 and is headquartered in Chicago, Illinois.

How the Company Makes Money

Ryerson Holdings generates revenue primarily through the sale of processed and distributed metal products. The company sources raw materials from a diverse network of suppliers, processes these materials into various forms and sizes, and then distributes them to its extensive customer base across multiple industries. Revenue streams include direct sales of metal products, value-added processing services such as cutting, slitting, and forming, and just-in-time inventory management solutions. Additionally, Ryerson benefits from strategic partnerships and long-term contracts with key customers and suppliers, enhancing its market position and contributing to stable earnings.

Ryerson Holdings Financial Statement Overview

Summary

Ryerson Holdings shows challenges in maintaining consistent growth with declining revenue and net income, and a negative net profit margin. The balance sheet indicates moderate leverage risks, but cash flow remains strong despite profitability issues.

Income Statement

Ryerson Holdings shows a decline in revenue and net income in recent periods, with a negative net profit margin of -0.15% for TTM (Trailing-Twelve-Months). The TTM EBIT and EBITDA margins are low at 0.65% and 2.33% respectively, indicating pressure on operating profitability. Historical data shows volatility in revenue growth and profitability, suggesting challenges in maintaining consistent growth.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio of 1.08, indicating reliance on debt financing, which poses leverage risks. The equity ratio is at 31.86%, showing a fair proportion of equity financing. However, the return on equity has turned negative in the TTM, reflecting profitability challenges.

Cash Flow

Strong free cash flow generation in the TTM with a growth rate of 19.39% compared to the previous year. The operating cash flow to net income ratio is favorable at 32.05, suggesting robust cash generation relative to reported net losses. Despite challenges in profitability, cash flow remains a strength.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
4.50B	4.60B	5.11B	6.32B	5.68B	3.47B
	Gross Profit
815.70M	834.20M	1.02B	1.31B	1.15B	621.10M
	EBIT
29.40M	31.50M	228.10M	578.70M	274.60M	66.80M
	EBITDA
124.50M	113.20M	290.90M	634.10M	492.50M	39.00M
	Net Income Common Stockholders
-6.60M	-8.60M	145.70M	391.00M	294.30M	-65.30M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
33.60M	27.70M	54.30M	39.20M	51.20M	61.40M
	Total Assets
2.52B	2.44B	2.57B	2.33B	2.37B	1.80B
	Total Debt
871.30M	834.10M	803.80M	607.30M	849.00M	853.70M
	Net Debt
837.70M	806.40M	749.50M	568.10M	797.80M	792.30M
	Total Liabilities
1.71B	1.61B	1.66B	1.44B	1.82B	1.66B
	Stockholders Equity
803.90M	815.30M	905.90M	885.10M	537.20M	138.80M
Cash Flow		Free Cash Flow
125.70M	105.30M	243.20M	396.10M	-24.30M	251.90M
	Operating Cash Flow
211.50M	204.90M	365.10M	501.20M	35.00M	277.90M
	Investing Cash Flow
-130.30M	-142.70M	-262.10M	-160.00M	94.40M	-25.90M
	Financing Cash Flow
-88.60M	-86.80M	-88.30M	-350.10M	-137.90M	-250.20M

Ryerson Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RYI, the sentiment is Negative. The current price of 20.56 is below the 20-day moving average (MA) of 21.28, below the 50-day MA of 21.53, and below the 200-day MA of 21.52, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 47.31 is Neutral, neither overbought nor oversold. The STOCH value of 16.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RYI.

Ryerson Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AZZ	78 Outperform	$2.70B	50.39	13.01%	0.76%	2.61%	-53.74%
IIIN	75 Outperform	$679.21M	30.34	6.61%	0.34%	-0.33%	-7.06%
WOR	71 Outperform	$2.98B	49.96	6.56%	1.15%	-69.82%	-78.10%
MEC	70 Neutral	$306.30M	14.53	9.40%	―	-8.42%	164.82%
NWPX	67 Neutral	$381.39M	11.81	9.13%	―	8.06%	38.46%
Sector *	66 Neutral	$4.46B	12.15	5.40%	4.71%	4.16%	-11.97%
RYI	58 Neutral	$658.41M	37.86	-0.78%	3.67%	-9.04%	-108.47%

Ryerson Holdings Corporate Events

Ryerson Holdings Elects New Director at Annual Meeting

On April 17, 2025, Ryerson Holding Corporation held its 2025 Annual Meeting of Stockholders, where shareholders voted on several proposals. Bruce T. Crawford was elected as a Class II Director, and KPMG LLP was ratified as the company’s independent registered public accounting firm for 2025. Additionally, a resolution approving the compensation of named executive officers was adopted. Ryerson announced the election of Lt. Gen. Bruce T. Crawford, U.S. Army (Ret.), to its Board of Directors, bringing extensive experience in information technology, cybersecurity, and operations. This strategic addition is expected to enhance Ryerson’s operational and financial performance as the company continues to optimize its investments and improve customer experience.