CMC - Commercial Metals Company Rose 40% In The Last 12 Months; Will Continue To Surge
Summary
- Commercial Metals Company is a hot-performing stock that almost nobody has heard of or understands. It was founded in 1915 in scrap metal.
- In the fiscal year 2022 ending August 31, CMC sales grew 32% and earnings increased 195%.
- Commercial Metals Company’s earnings were 14% of revenue. Its cash flow is sufficient to fund aggressive acquisitions and capital expenditures.
- CMC made earnings of $9.95 per share but currently sells at $45 per share, which is a ridiculously small P/E ratio of 4.5. The S&P 500 average P/E is 15. For CMC, a P/E ratio of 9 to 12 is a conservative valuation. The company is hard to understand, but it's worth the effort, and it is a strong buy.
For further details see:
Commercial Metals Company Rose 40% In The Last 12 Months; Will Continue To Surge