Update shared on05 Sep 2025
Despite a significant decline in Vulcan Steel's future P/E ratio, indicating improved value or lower growth expectations, the consensus analyst price target has remained unchanged at A$6.50.
What's in the News
- Vulcan Steel announced a follow-on equity offering totaling AUD 87.1 million through a rights issue, offering 14,642,849 ordinary shares at AUD 5.95 per share with a slight discount.
- The company declared a fully franked ordinary dividend of NZD 0.04117647 per share for the six months ended June 30, 2025, representing a decrease.
- Earnings guidance for FY2025 was issued, projecting net profit after tax of NZD 14-16 million.
- CEO Rhys Jones will retire after 19 years, with Chief Commercial Officer Gavin Street appointed to succeed him as Managing Director and CEO, effective January 2026, ensuring a managed leadership transition.
Valuation Changes
Summary of Valuation Changes for Vulcan Steel
- The Consensus Analyst Price Target remained effectively unchanged, at A$6.50.
- The Future P/E for Vulcan Steel has significantly fallen from 12.41x to 11.16x.
- The Discount Rate for Vulcan Steel remained effectively unchanged, moving only marginally from 7.85% to 7.91%.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.