IIIN Stock Analysis: Insteel Industries | NYSE
Metal Fabrication | NYSE, USA | Market Cap: 633m USD | 12M Return: -10.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.60M
EPS Trend: 66.4%
Qual. Beats: 0
Rev. Trend: 57.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Insteel Industries (NYSE: IIIN) is a U.S.-based manufacturer of steel wire reinforcing products used in concrete construction, operating in the Building Products sub-industry of the Industrials sector. The company produces two main product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR), which are sold to manufacturers of concrete products, rebar fabricators, distributors, and contractors.
PC strand is used to apply compression forces to precast concrete elements in bridges, parking decks, and buildings, while the WWR portfolio includes engineered structural mesh, concrete pipe reinforcement, and standard welded wire reinforcement serving nonresidential, residential, and infrastructure applications such as drainage, sewage, and water treatment systems.
Founded in 1953 and headquartered in Mount Airy, North Carolina, Insteel relies on a direct sales representative network. Demand for its products is closely tied to U.S. nonresidential construction activity and infrastructure spending, as steel wire reinforcement competes with and complements traditional rebar in many concrete applications.
- Steel scrap price volatility pressures PC strand margins
- Nonresidential construction demand drives WWR volume growth
- Infrastructure spending lifts bridge reinforcement orders
- Capital returns accelerate through dividends and buybacks
| Net Income: 36.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -13.58 > 1.0 |
| NWC/Revenue: 28.37% < 20% (prev 28.75%; Δ -0.39% < -1%) |
| CFO/TA -0.00 > 3% & CFO -1.12m > Net Income 36.4m |
| Net Debt (-20.4m) to EBITDA (64.5m): -0.32 < 3 |
| Current Ratio: 3.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.5m) vs 12m ago -0.30% < -2% |
| Gross Margin: 11.77% > 18% (prev 12.75%; Δ -0.99% > 0.5%) |
| Asset Turnover: 149.6% > 50% (prev 128.1%; Δ 21.53% > 0%) |
| Interest Coverage Ratio: 774.2 > 6 (EBIT TTM 46.5m / Interest Expense TTM 60.0k) |
| A: 0.42 (Total Current Assets 278.9m - Total Current Liabilities 78.1m) / Total Assets 473.9m |
| B: 0.55 (Retained Earnings 261.3m / Total Assets 473.9m) |
| C: 0.10 (EBIT TTM 46.5m / Avg Total Assets 472.9m) |
| D: 3.62 (Book Value of Equity 371.4m / Total Liabilities 102.5m) |
| Altman-Z'' = 9.04 = AAA |
| DSRI: 0.82 (Receivables 80.7m/83.6m, Revenue 707.7m/604.6m) |
| GMI: 1.08 (GM 12.75% / 11.77%) |
| AQI: 0.91 (AQ_t 0.15 / AQ_t-1 0.16) |
| SGI: 1.17 (Revenue 707.7m / 604.6m) |
| TATA: 0.08 (NI 36.4m - CFO -1.12m) / TA 473.9m) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of July 29, 2026, the stock is trading at USD 32.24 with a total of 236,560 shares traded. Over the past week, the price has changed by +1.22%, over one month by +6.68%, over three months by +25.87% and over the past year by -10.93%.
Current recommended Stop Loss: 30.90 (which is 4.2% or 1.3 ATR below the current price).
Insteel Industries has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold IIIN.
- StrongBuy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 39 | 21% |
P/E Trailing = 17.4759
P/E Forward = 13.3511
P/S = 0.8939
P/B = 1.6851
P/EG = 1.1133
Revenue TTM = 707.7m USD
EBIT TTM = 46.5m USD
EBITDA TTM = 64.5m USD
Long Term Debt = 1.02m USD (estimated: total debt 2.58m - short term 1.56m)
Short Term Debt = 1.56m USD (from shortTermDebt, last quarter)
Debt = 2.58m USD (from shortLongTermDebtTotal, last quarter) (leases 2.58m already included)
Net Debt = -20.4m USD (calculated: Debt 2.58m - CCE 22.9m)
Enterprise Value = 612.3m USD (632.6m + Debt 2.58m - CCE 22.9m)
Interest Coverage Ratio = 774.2 (Ebit TTM 46.5m / Interest Expense TTM 60.0k)
EV/FCF = -51.45x (Enterprise Value 612.3m / FCF TTM -11.9m)
FCF Yield = -1.94% (FCF TTM -11.9m / Enterprise Value 612.3m)
FCF Margin = -1.68% (FCF TTM -11.9m / Revenue TTM 707.7m)
Net Margin = 5.14% (Net Income TTM 36.4m / Revenue TTM 707.7m)
Gross Margin = 11.77% ((Revenue TTM 707.7m - Cost of Revenue TTM 624.4m) / Revenue TTM)
Gross Margin QoQ = 10.17% (prev 9.55%)
Tobins Q-Ratio = 1.29 (Enterprise Value 612.3m / Total Assets 473.9m)
Interest Expense / Debt = 2.33% (Interest Expense 60.0k / Debt 2.58m)
Taxrate = 23.17% (11.0m / 47.4m)
NOPAT = 35.7m (EBIT 46.5m * (1 - 23.17%))
Current Ratio = 3.57 (Total Current Assets 278.9m / Total Current Liabilities 78.1m)
Debt / Equity = 0.01 (Debt 2.58m / totalStockholderEquity, last quarter 371.4m)
Debt / EBITDA = -0.32 (Net Debt -20.4m / EBITDA 64.5m)
Debt / FCF = 1.71 (negative FCF - burning cash) (Net Debt -20.4m / FCF TTM -11.9m)
Total Stockholder Equity = 366.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.69% (Net Income 36.4m / Total Assets 473.9m)
RoE = 9.92% (Net Income TTM 36.4m / Total Stockholder Equity 366.6m)
RoCE = 12.64% (EBIT 46.5m / Capital Employed (Equity 366.6m + L.T.Debt 1.02m))
RoIC = 9.53% (NOPAT 35.7m / Invested Capital 374.4m)
WACC = 9.09% (E(632.6m)/V(635.2m) * Re(9.12%) + D(2.58m)/V(635.2m) * Rd(2.33%) * (1-Tc(0.23)))
Discount Rate = 9.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -52.22 | Cagr: -2.25%
[DCF] Fair Price = unknown (Cash Flow -11.9m)
EPS Correlation: 66.38 | EPS CAGR: 28.03% | SUE: 0.05 | # QB: 0
Revenue Correlation: 57.62 | Revenue CAGR: 6.62% | SUE: 0.66 | # QB: 0
EPS current Quarter (2026-12-31): EPS=0.28 | Chg30d=+21.74% | Revisions=-25% | Analysts=1
EPS current Year (2026-09-30): EPS=1.60 | Chg30d=-1.83% | Revisions=+0% | GrowthEPS=-27.0% | GrowthRev=+12.9%
EPS next Year (2027-09-30): EPS=2.42 | Chg30d=+4.76% | Revisions=-25% | GrowthEPS=+50.8% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: -40% (up=0, down=2)