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Commercial Metals (CMC)

(Real Time Quote from BATS)

$54.34 USD

54.34
207,092

-0.76 (-1.38%)

Updated Apr 23, 2024 01:28 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value C Growth C Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 29% (178 out of 252)

Industry: Steel - Producers

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Balance Sheet

Research for CMC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Commercial Metals Company falls in the month of August.

All items in Millions except Per Share data.

8/31/2023 8/31/2022 8/31/2021 8/31/2020 8/31/2019
Assets          
Cash & Equivalents 592 673 498 542 192
Receivables 1,240 1,359 1,106 881 1,016
Notes Receivable 0 0 0 0 0
Inventories 1,036 1,170 935 625 692
Other Current Assets 276 240 198 166 179
Total Current Assets 3,144 3,441 2,737 2,214 2,080
Net Property & Equipment 2,409 1,911 1,566 1,571 1,501
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 645 506 66 64 64
Deposits & Other Assets 441 378 270 232 114
Total Assets 6,639 6,237 4,639 4,082 3,759
Liabilities & Shareholders Equity 8/31/2023 8/31/2022 8/31/2021 8/31/2020 8/31/2019
Notes Payable 0 0 27 0 4
Accounts Payable 364 428 451 266 288
Current Portion Long-Term Debt 41 389 28 18 14
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 439 540 475 455 354
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 6 35
Total Current Liabilities 844 1,357 980 745 695
Mortgages 0 0 0 0 0
Deferred Taxes/Income 307 250 112 131 79
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,114 1,113 1,015 1,066 1,227
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 253 230 236 251 134
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 2,518 2,951 2,344 2,192 2,135
Shareholders Equity 8/31/2023 8/31/2022 8/31/2021 8/31/2020 8/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1 1 1 1 1
Capital Surplus 395 383 368 359 359
Retained Earnings 4,097 3,312 2,163 1,808 1,585
Other Equity -4 -114 -85 -104 -124
Treasury Stock 369 296 153 175 197
Total Shareholder's Equity 4,121 3,286 2,295 1,889 1,624
Total Liabilities & Shareholder's Equity 6,639 6,237 4,639 4,082 3,759
Total Common Equity 4,121 3,286 2,295 1,889 1,624
Shares Outstanding 116.70 120.40 120.50 119.00 117.90
Book Value Per Share 35.31 27.30 19.05 15.88 13.77

Fiscal Year End for Commercial Metals Company falls in the month of August.

All items in Millions except Per Share data.

2/29/2024 11/30/2023 8/31/2023 5/31/2023 2/28/2023
Assets          
Cash & Equivalents 638 705 592 475 604
Receivables 1,119 1,216 1,240 1,245 1,264
Notes Receivable 0 0 0 0 0
Inventories 1,150 1,029 1,036 1,145 1,144
Other Current Assets 291 294 276 276 266
Total Current Assets 3,198 3,244 3,144 3,142 3,278
Net Property & Equipment 2,475 2,424 2,409 2,268 2,160
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 630 635 645 594 527
Deposits & Other Assets 360 393 441 517 520
Total Assets 6,662 6,695 6,639 6,521 6,485
Liabilities & Shareholders Equity 2/29/2024 11/30/2023 8/31/2023 5/31/2023 2/28/2023
Notes Payable 0 0 0 0 0
Accounts Payable 368 344 364 382 423
Current Portion Long-Term Debt 36 34 41 56 265
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 359 409 439 414 379
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 763 787 844 853 1,066
Mortgages 0 0 0 0 0
Deferred Taxes/Income 293 318 307 310 303
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,126 1,120 1,114 1,103 1,100
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 257 253 231 232
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 2,440 2,465 2,518 2,497 2,702
Shareholders Equity 2/29/2024 11/30/2023 8/31/2023 5/31/2023 2/28/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1 1 1 1 1
Capital Surplus 390 378 395 385 374
Retained Earnings 4,322 4,255 4,097 3,932 3,717
Other Equity -71 -25 -4 55 25
Treasury Stock 419 379 369 350 334
Total Shareholder's Equity 4,223 4,230 4,121 4,024 3,783
Total Liabilities & Shareholder's Equity 6,662 6,695 6,639 6,521 6,485
Total Common Equity 4,223 4,230 4,121 4,024 3,783
Shares Outstanding 115.70 117.00 116.70 116.70 117.10
Book Value Per Share 36.50 36.15 35.31 34.48 32.31