Price Target Changed • Apr 21
Price target decreased by 7.4% to NZ$0.63 Down from NZ$0.68, the current price target is an average from 2 analysts. New target price is 55% above last closing price of NZ$0.41. Stock is down 47% over the past year. The company is forecast to post a net loss per share of NZ$0.12 next year compared to a net loss per share of NZ$0.14 last year. Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 22%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from NZ$418.7m to NZ$426.9m. Forecast EPS reduced from -NZ$0.09 to -NZ$0.11 per share. Metals and Mining industry in New Zealand expected to see average net income growth of 25% next year. Consensus price target down from NZ$0.73 to NZ$0.68. Share price fell 9.7% to NZ$0.51 over the past week. Reported Earnings • Feb 27
First half 2026 earnings released: NZ$0.068 loss per share (vs NZ$0.062 loss in 1H 2025) First half 2026 results: NZ$0.068 loss per share (further deteriorated from NZ$0.062 loss in 1H 2025). Revenue: NZ$211.9m (up 8.1% from 1H 2025). Net loss: NZ$12.4m (loss widened 19% from 1H 2025). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Metals and Mining industry in Oceania. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Price Target Changed • Feb 26
Price target decreased by 9.9% to NZ$0.68 Down from NZ$0.75, the current price target is an average from 2 analysts. New target price is 19% above last closing price of NZ$0.56. Stock is down 31% over the past year. The company is forecast to post a net loss per share of NZ$0.11 next year compared to a net loss per share of NZ$0.14 last year. New Risk • Feb 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of New Zealander stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (NZ$103.8m market cap, or US$61.8m). Announcement • Feb 04
Steel & Tube Holdings Limited to Report First Half, 2026 Results on Feb 25, 2026 Steel & Tube Holdings Limited announced that they will report first half, 2026 results on Feb 25, 2026 Major Estimate Revision • Dec 05
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NZ$445.3m to NZ$418.7m. Losses expected to increase from NZ$0.064 per share to NZ$0.09. Metals and Mining industry in New Zealand expected to see average net income growth of 28% next year. Consensus price target down from NZ$0.75 to NZ$0.73. Share price was steady at NZ$0.63 over the past week. Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NZ$473.6m to NZ$445.3m. Losses expected to increase from NZ$0.037 per share to NZ$0.053. Metals and Mining industry in New Zealand expected to see average net income growth of 28% next year. Consensus price target down from NZ$0.84 to NZ$0.75. Share price fell 5.1% to NZ$0.66 over the past week. Price Target Changed • Nov 21
Price target decreased by 9.1% to NZ$0.75 Down from NZ$0.82, the current price target is an average from 2 analysts. New target price is 14% above last closing price of NZ$0.66. Stock is down 25% over the past year. The company is forecast to post a net loss per share of NZ$0.053 next year compared to a net loss per share of NZ$0.14 last year. Announcement • Sep 23
Steel & Tube Holdings Limited, Annual General Meeting, Oct 22, 2025 Steel & Tube Holdings Limited, Annual General Meeting, Oct 22, 2025. Location: great northern room, level 1, ellerslie event, centre, 80-100 ascot avenue, ellerslie, auckland New Zealand Major Estimate Revision • Sep 01
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from NZ$489.0m to NZ$477.9m. Now expected to report a loss of NZ$0.036 per share instead of NZ$0.019 per share profit previously forecast. Metals and Mining industry in New Zealand expected to see average net income growth of 18% next year. Consensus price target down from NZ$0.95 to NZ$0.82. Share price rose 3.0% to NZ$0.69 over the past week. Board Change • Aug 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Andrew Flavell was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Aug 26
Price target decreased by 13% to NZ$0.82 Down from NZ$0.95, the current price target is an average from 2 analysts. New target price is 20% above last closing price of NZ$0.69. Stock is down 31% over the past year. The company is forecast to post a net loss per share of NZ$0.053 next year compared to a net loss per share of NZ$0.14 last year. Reported Earnings • Aug 26
Full year 2025 earnings released: NZ$0.14 loss per share (vs NZ$0.016 profit in FY 2024) Full year 2025 results: NZ$0.14 loss per share (down from NZ$0.016 profit in FY 2024). Revenue: NZ$385.8m (down 20% from FY 2024). Net loss: NZ$24.4m (down NZ$27.0m from profit in FY 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Metals and Mining industry in Oceania. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Aug 06
Steel & Tube Holdings Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 Steel & Tube Holdings Limited announced that they will report fiscal year 2025 results at 9:00 AM, NZST - New Zealand Standard on Aug 25, 2025 Reported Earnings • Feb 28
First half 2025 earnings released: NZ$0.062 loss per share (vs NZ$0.032 profit in 1H 2024) First half 2025 results: NZ$0.062 loss per share (down from NZ$0.032 profit in 1H 2024). Revenue: NZ$196.0m (down 25% from 1H 2024). Net loss: NZ$10.4m (down 294% from profit in 1H 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Oceania. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Feb 26
Consensus EPS estimates fall by 36% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NZ$405.0m to NZ$390.9m. Losses expected to increase from NZ$0.076 per share to NZ$0.10. Metals and Mining industry in New Zealand expected to see average net income growth of 30% next year. Consensus price target broadly unchanged at NZ$1.02. Share price fell 5.8% to NZ$0.81 over the past week. Announcement • Jan 20
Steel & Tube Holdings Limited to Report First Half, 2025 Results on Feb 24, 2025 Steel & Tube Holdings Limited announced that they will report first half, 2025 results on Feb 24, 2025 Major Estimate Revision • Dec 03
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NZ$453.4m to NZ$423.2m. Now expected to report a loss of NZ$0.076 per share instead of NZ$0.027 per share profit previously forecast. Metals and Mining industry in New Zealand expected to see average net income growth of 31% next year. Consensus price target down from NZ$1.13 to NZ$1.08. Share price was steady at NZ$0.91 over the past week. Major Estimate Revision • Nov 19
Consensus EPS estimates fall by 100% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NZ$477.2m to NZ$453.4m. EPS estimate also fell from NZ$0.0284 per share to NZ$0.0001 per share. Net income forecast to shrink 100% next year vs 39% growth forecast for Metals and Mining industry in New Zealand . Consensus price target down from NZ$1.16 to NZ$1.13. Share price fell 9.7% to NZ$0.84 over the past week. Announcement • Sep 20
Steel & Tube Holdings Limited, Annual General Meeting, Nov 28, 2024 Steel & Tube Holdings Limited, Annual General Meeting, Nov 28, 2024. Location: auckland New Zealand Buy Or Sell Opportunity • Sep 13
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at NZ$0.94. The fair value is estimated to be NZ$0.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 32%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 61% per annum over the same time period. New Risk • Sep 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NZ$162.4m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (379% payout ratio). Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (NZ$162.4m market cap, or US$99.5m). Major Estimate Revision • Sep 02
Consensus EPS estimates fall by 57% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NZ$498.2m to NZ$477.2m. EPS estimate also fell from NZ$0.066 per share to NZ$0.028 per share. Net income forecast to grow 78% next year vs 25% growth forecast for Metals and Mining industry in New Zealand. Consensus price target up from NZ$1.09 to NZ$1.16. Share price fell 2.9% to NZ$1.01 over the past week. Announcement • Aug 28
Steel & Tube Holdings Limited Announces Final Dividend (Fully Imputed) for the Fiscal Year ended 30 June 2024, Payable on 27 September 2024 Steel & Tube Holdings Limited announced final dividend (fully imputed) of 2.0 cents per share for the fiscal year ended 30 June 2024. Record date is 6 September 2024. Ex-Date is 5 September 2024. Payment date is 27 September 2024. Declared Dividend • Aug 28
Final dividend of NZ$0.024 announced Shareholders will receive a dividend of NZ$0.024. Ex-date: 5th September 2024 Payment date: 27th September 2024 Dividend yield will be 6.9%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (379% earnings payout ratio). However, it is well covered by cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 321% to bring the payout ratio under control. EPS is expected to grow by 217% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: NZ$0.016 (down from NZ$0.10 in FY 2023). Revenue: NZ$479.1m (down 19% from FY 2023). Net income: NZ$2.64m (down 85% from FY 2023). Profit margin: 0.6% (down from 2.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in Oceania. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jul 30
Steel & Tube Holdings Limited to Report Fiscal Year 2024 Results on Aug 26, 2024 Steel & Tube Holdings Limited announced that they will report fiscal year 2024 results at 9:00 AM, NZST - New Zealand Standard on Aug 26, 2024 Price Target Changed • Jun 19
Price target decreased by 9.5% to NZ$1.09 Down from NZ$1.21, the current price target is an average from 2 analysts. New target price is 27% above last closing price of NZ$0.86. Stock is down 20% over the past year. The company is forecast to post earnings per share of NZ$0.028 for next year compared to NZ$0.10 last year. Price Target Changed • Jun 18
Price target decreased by 9.5% to NZ$1.09 Down from NZ$1.21, the current price target is an average from 2 analysts. New target price is 27% above last closing price of NZ$0.86. Stock is down 20% over the past year. The company is forecast to post earnings per share of NZ$0.028 for next year compared to NZ$0.10 last year. Major Estimate Revision • Jun 15
Consensus EPS estimates fall by 39% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NZ$522.5m to NZ$499.7m. EPS estimate also fell from NZ$0.08 per share to NZ$0.049 per share. Net income forecast to grow 9.4% next year vs 25% growth forecast for Metals and Mining industry in New Zealand. Consensus price target down from NZ$1.21 to NZ$1.17. Share price was steady at NZ$0.94 over the past week. New Risk • May 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NZ$166.4m (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (126% payout ratio). Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (NZ$166.4m market cap, or US$100.0m). Buy Or Sell Opportunity • Apr 19
Now 22% overvalued Over the last 90 days, the stock has fallen 12% to NZ$1.05. The fair value is estimated to be NZ$0.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Buy Or Sell Opportunity • Apr 03
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at NZ$1.07. The fair value is estimated to be NZ$0.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Upcoming Dividend • Mar 06
Upcoming dividend of NZ$0.047 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 28 March 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.3%. Within top quartile of New Zealander dividend payers (6.6%). Higher than average of industry peers (5.5%). Major Estimate Revision • Feb 27
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NZ$559.8m to NZ$526.5m. EPS estimate also fell from NZ$0.097 per share to NZ$0.087 per share. Net income forecast to grow 66% next year vs 22% growth forecast for Metals and Mining industry in New Zealand. Consensus price target down from NZ$1.27 to NZ$1.23. Share price was steady at NZ$1.10 over the past week. Declared Dividend • Feb 22
First half dividend of NZ$0.047 announced Shareholders will receive a dividend of NZ$0.047. Ex-date: 13th March 2024 Payment date: 28th March 2024 Dividend yield will be 8.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is not covered by earnings (126% earnings payout ratio). However, it is well covered by cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 40% to bring the payout ratio under control. EPS is expected to grow by 85% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 22
First half 2024 earnings released: EPS: NZ$0.032 (vs NZ$0.071 in 1H 2023) First half 2024 results: EPS: NZ$0.032 (down from NZ$0.071 in 1H 2023). Revenue: NZ$261.8m (down 17% from 1H 2023). Net income: NZ$5.35m (down 55% from 1H 2023). Profit margin: 2.0% (down from 3.8% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Oceania are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 21
Steel & Tube Holdings Limited Declares Fully Imputed Dividend for the First Half of 2024 Steel & Tube Holdings Limited declared a first half 2024 fully imputed dividend of 4 cents per share. This has been maintained at the first half of 2023 level, reflecting the Board's confidence in the company's performance and outlook. Announcement • Jan 16
Steel & Tube Holdings Limited to Report First Half, 2024 Results on Feb 20, 2024 Steel & Tube Holdings Limited announced that they will report first half, 2024 results on Feb 20, 2024 Buying Opportunity • Jan 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be NZ$1.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Upcoming Dividend • Aug 31
Upcoming dividend of NZ$0.047 per share at 6.8% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 22 September 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 6.8%. Within top quartile of New Zealander dividend payers (6.1%). Higher than average of industry peers (5.5%). Reported Earnings • Aug 22
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: NZ$0.10 (down from NZ$0.18 in FY 2022). Revenue: NZ$589.7m (down 1.6% from FY 2022). Net income: NZ$17.0m (down 44% from FY 2022). Profit margin: 2.9% (down from 5.0% in FY 2022). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Metals and Mining industry in Oceania. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Aug 21
Steel & Tube Holdings Limited Declares Final Dividend (Fully Imputed), Will Be Paid to Shareholders on 22 September 2023 Steel & Tube Holdings Limited declared a final dividend (fully imputed) of 4.00 cents per share (2022: 7.50) totaling $6.7 million (2022: $12.4 million). The dividends will be paid to shareholders on 22 September 2023. Announcement • Aug 18
Steel & Tube Holdings Limited, Annual General Meeting, Sep 29, 2023 Steel & Tube Holdings Limited, Annual General Meeting, Sep 29, 2023. New Risk • Aug 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Dividend is not well covered by cash flows (232% cash payout ratio). Announcement • Jul 26
Steel & Tube Holdings Limited to Report Fiscal Year 2023 Results on Aug 21, 2023 Steel & Tube Holdings Limited announced that they will report fiscal year 2023 results on Aug 21, 2023 Recent Insider Transactions • May 16
Chief Executive Officer recently bought NZ$54k worth of stock On the 15th of May, Mark Malpass bought around 52k shares on-market at roughly NZ$1.04 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mark has been a buyer over the last 12 months, purchasing a net total of NZ$92k worth in shares. Major Estimate Revision • May 11
Consensus EPS estimates fall by 34% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from NZ$622.3m to NZ$585.3m. EPS estimate also fell from NZ$0.148 per share to NZ$0.097 per share. Net income forecast to shrink 40% next year vs 1.4% decline forecast for Metals and Mining industry in New Zealand. Consensus price target down from NZ$1.43 to NZ$1.22. Share price fell 2.8% to NZ$1.03 over the past week. Price Target Changed • May 10
Price target decreased by 8.6% to NZ$1.34 Down from NZ$1.46, the current price target is an average from 2 analysts. New target price is 27% above last closing price of NZ$1.05. Stock is down 26% over the past year. The company is forecast to post earnings per share of NZ$0.15 for next year compared to NZ$0.18 last year. Upcoming Dividend • Mar 15
Upcoming dividend of NZ$0.047 per share at 12% yield Eligible shareholders must have bought the stock before 22 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 12%. Within top quartile of New Zealander dividend payers (6.4%). Higher than average of industry peers (8.6%). Reported Earnings • Feb 16
First half 2023 earnings released: EPS: NZ$0.071 (vs NZ$0.087 in 1H 2022) First half 2023 results: EPS: NZ$0.071 (down from NZ$0.087 in 1H 2022). Revenue: NZ$315.6m (up 12% from 1H 2022). Net income: NZ$11.8m (down 18% from 1H 2022). Profit margin: 3.8% (down from 5.1% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Oceania. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
Steel & Tube Holdings Limited to Report First Half, 2023 Results on Feb 15, 2023 Steel & Tube Holdings Limited announced that they will report first half, 2023 results on Feb 15, 2023 Upcoming Dividend • Sep 01
Upcoming dividend of NZ$0.082 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 9.9%. Within top quartile of New Zealander dividend payers (5.8%). In line with average of industry peers (9.4%). Announcement • Aug 30
Steel & Tube Holdings Limited, Annual General Meeting, Sep 30, 2022 Steel & Tube Holdings Limited, Annual General Meeting, Sep 30, 2022. Reported Earnings • Aug 24
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: NZ$0.18 (up from NZ$0.093 in FY 2021). Revenue: NZ$599.1m (up 25% from FY 2021). Net income: NZ$30.2m (up 96% from FY 2021). Profit margin: 5.0% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 1.5%, compared to a 80,054% growth forecast for the Metals and Mining industry in New Zealand. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Aug 23
Steel & Tube Holdings Limited Declares Final Dividend, Payable on 23 September 2022 Steel & Tube Holdings Limited declares final dividend of NZD 0.07500000 for the 12 months to 30 June 2022, payable on 23 September 2022. Record Date is 9 September 2022. Major Estimate Revision • Aug 23
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from NZ$566.9m to NZ$608.3m. EPS estimate increased from NZ$0.14 to NZ$0.15 per share. Net income forecast to grow 4.9% next year vs 12% growth forecast for Metals and Mining industry in New Zealand. Consensus price target up from NZ$1.47 to NZ$1.51. Share price rose 8.4% to NZ$1.55 over the past week. Major Estimate Revision • May 17
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NZ$558.5m to NZ$582.5m. EPS estimate increased from NZ$0.16 to NZ$0.18 per share. Net income forecast to grow 0.9% next year vs 35% growth forecast for Metals and Mining industry in New Zealand. Consensus price target down from NZ$1.70 to NZ$1.55. Share price was steady at NZ$1.37 over the past week. Price Target Changed • Apr 27
Price target increased to NZ$1.70 Up from NZ$1.31, the current price target is an average from 2 analysts. New target price is 11% above last closing price of NZ$1.53. Stock is up 33% over the past year. The company is forecast to post earnings per share of NZ$0.16 for next year compared to NZ$0.098 last year. Upcoming Dividend • Mar 03
Upcoming dividend of NZ$0.055 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 25 March 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of New Zealander dividend payers (5.2%). Lower than average of industry peers (8.6%). Price Target Changed • Feb 28
Price target increased to NZ$1.70 Up from NZ$1.31, the current price target is an average from 2 analysts. New target price is 8.7% above last closing price of NZ$1.56. Stock is up 56% over the past year. The company is forecast to post earnings per share of NZ$0.16 for next year compared to NZ$0.098 last year. Reported Earnings • Feb 25
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: EPS: NZ$0.087 (up from NZ$0.026 in 1H 2021). Revenue: NZ$282.2m (up 25% from 1H 2021). Net income: NZ$14.3m (up 233% from 1H 2021). Profit margin: 5.1% (up from 1.9% in 1H 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Over the next year, revenue is expected to shrink by 1.3% compared to a 811% growth forecast for the industry in New Zealand. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Steel & Tube Holdings Limited Declares an Unimputed Interim Dividend, Payable on 25 March 2022 Steel & Tube Holdings Limited announced that the Board declared an unimputed interim dividend of 5.5 cents per share to be paid on 25 March 2022. Record date is 11 March 2022. Ex-Date is 10 March 2022. Price Target Changed • Dec 16
Price target increased to NZ$1.31 Up from NZ$1.19, the current price target is an average from 3 analysts. New target price is 12% below last closing price of NZ$1.48. Stock is up 76% over the past year. The company is forecast to post earnings per share of NZ$0.16 for next year compared to NZ$0.098 last year. Major Estimate Revision • Dec 16
Consensus EPS estimates increase by 37% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from NZ$517.9m to NZ$536.6m. EPS estimate increased from NZ$0.12 to NZ$0.16 per share. Net income forecast to grow 68% next year vs 40% growth forecast for Metals and Mining industry in New Zealand. Consensus price target up from NZ$1.19 to NZ$1.31. Share price rose 8.0% to NZ$1.48 over the past week. Price Target Changed • Nov 20
Price target increased to NZ$1.07 Up from NZ$0.99, the current price target is an average from 3 analysts. New target price is 16% below last closing price of NZ$1.28. Stock is up 86% over the past year. The company is forecast to post earnings per share of NZ$0.062 for next year compared to NZ$0.098 last year. Upcoming Dividend • Sep 02
Upcoming dividend of NZ$0.033 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 24 September 2021. Trailing yield: 4.0%. Lower than top quartile of New Zealander dividend payers (4.8%). Lower than average of industry peers (9.2%). Reported Earnings • Aug 27
Full year 2021 earnings released: EPS NZ$0.098 (vs NZ$0.36 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: NZ$480.0m (up 15% from FY 2020). Net income: NZ$16.1m (up NZ$76.1m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • May 26
Price target increased to NZ$0.86 Up from NZ$0.78, the current price target is an average from 3 analysts. New target price is 22% below last closing price of NZ$1.11. Stock is up 76% over the past year. Announcement • Feb 28
Steel & Tube Holdings Limited Provides No Guidance for the Fiscal Year 2021 The outlook is improving, and the Board of Steel & Tube Holdings Limited is maintaining a cautiously optimistic view to the future economic environment. However, there are still potential risks from COVID-19 and associated supply chain issues. Therefore, it is not providing fiscal year 2021 guidance at this point in time. Is New 90 Day High Low • Feb 03
New 90-day high: NZ$0.98 The company is up 58% from its price of NZ$0.62 on 05 November 2020. The New Zealander market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$11.09 per share. Announcement • Feb 03
Steel & Tube Holdings Limited to Report First Half, 2021 Results on Feb 26, 2021 Steel & Tube Holdings Limited announced that they will report first half, 2021 results on Feb 26, 2021 Is New 90 Day High Low • Dec 17
New 90-day high: NZ$0.84 The company is up 40% from its price of NZ$0.60 on 18 September 2020. The New Zealander market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$10.79 per share. Is New 90 Day High Low • Nov 28
New 90-day high: NZ$0.74 The company is up 28% from its price of NZ$0.58 on 28 August 2020. The New Zealander market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NZ$9.62 per share. Price Target Changed • Nov 28
Price target lowered to NZ$0.61 Down from NZ$0.73, the current price target is an average from 3 analysts. The new target price is 18% below the current share price of NZ$0.74. As of last close, the stock is down 9.8% over the past year. Announcement • Sep 09
Steel & Tube Holdings Limited Announces Not to Provide Guidance for the Financial Year 2021 Steel & Tube Holdings Limited announced not to provide guidance for the financial year 2021. For the period the company announced that they are not giving any guidance for the financial year 2021 just due to the uncertain impact of COVID on trading. Announcement • Aug 17
Steel & Tube Holdings Limited to Report Fiscal Year 2020 Results on Aug 28, 2020 Steel & Tube Holdings Limited announced that they will report fiscal year 2020 results at 9:00 AM, NZST - New Zealand Standard on Aug 28, 2020 
