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BlueScope Steel LimitedASX:BSL Stock Report

Market Cap AU$14.6b
Share Price
AU$33.33
AU$31.18
6.9% overvalued intrinsic discount
1Y40.8%
7D7.8%
1D
Portfolio Value
View

BlueScope Steel Limited

ASX:BSL Stock Report

Market Cap: AU$14.6b

BlueScope Steel (BSL) Stock Overview

Engages in the production and marketing of metal-coated and painted steel building products in Australia, New Zealand, Asia, and North America. More details

BSL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health6/6
Dividends2/6

BSL Community Fair Values

Create Narrative

See what 41 others think this stock is worth. Follow their fair value or set your own to get alerts.

BlueScope Steel Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for BlueScope Steel
Historical stock prices
Current Share PriceAU$33.33
52 Week HighAU$33.64
52 Week LowAU$20.23
Beta1.21
1 Month Change12.87%
3 Month Change20.76%
1 Year Change40.75%
3 Year Change67.40%
5 Year Change49.33%
Change since IPO85.17%

Recent News & Updates

Narrative Update Jun 01

BSL: Stable Assumptions And Modest P/E Outlook Will Shape Balanced Prospects

Analysts now place BlueScope Steel's fair value at about A$31.18 per share, up slightly from roughly A$30.96. This reflects updated assumptions around discount rates, steady revenue growth, profit margins and future P/E expectations.
Narrative Update Apr 30

BSL: CEO Transition And Dividend Policy Will Shape Balanced Future Prospects

Analysts have made a small upward adjustment to BlueScope Steel's assessed fair value to A$30.96, reflecting slightly revised assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News BlueScope Steel declared an unfranked interim dividend of A$0.65 per share for the six months ended 31 December 2025, with a record date of 23 February 2026 and a payment date of 24 March 2026 (Key Developments).
Narrative Update Apr 14

BSL: Takeover Talks And Cash Returns Will Support Balanced Future Prospects

Analysts have trimmed their price target on BlueScope Steel by A$0.45 to A$30.91, reflecting updated assumptions around discount rates, expectations of modest revenue growth, and slightly adjusted profit margin and P/E inputs. What's in the News BlueScope Steel declared an unfranked interim dividend of A$0.65 per share for the six months ended 31 December 2025, with an ex date of 20 February 2026, record date of 23 February 2026, and payment date of 24 March 2026 (company announcement).
Narrative Update Mar 29

BSL: Takeover Interest And Cash Returns Will Support Future Upside Potential

Analysts have kept their A$31.36 price target for BlueScope Steel broadly unchanged, with only minor tweaks to inputs such as a slightly lower discount rate and a small adjustment to the assumed future P/E multiple guiding this steady view. What's in the News BlueScope Steel received an unsolicited, non binding proposal from SGH and Steel Dynamics to acquire the company for A$13.2b on December 12, 2025, which was later revised to A$14.9b, structured as A$34 per share in cash, with SGH intending to on sell BlueScope’s North American businesses to Steel Dynamics.

Recent updates

Narrative Update Jun 01

BSL: Stable Assumptions And Modest P/E Outlook Will Shape Balanced Prospects

Analysts now place BlueScope Steel's fair value at about A$31.18 per share, up slightly from roughly A$30.96. This reflects updated assumptions around discount rates, steady revenue growth, profit margins and future P/E expectations.
Narrative Update Apr 30

BSL: CEO Transition And Dividend Policy Will Shape Balanced Future Prospects

Analysts have made a small upward adjustment to BlueScope Steel's assessed fair value to A$30.96, reflecting slightly revised assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News BlueScope Steel declared an unfranked interim dividend of A$0.65 per share for the six months ended 31 December 2025, with a record date of 23 February 2026 and a payment date of 24 March 2026 (Key Developments).
Narrative Update Apr 14

BSL: Takeover Talks And Cash Returns Will Support Balanced Future Prospects

Analysts have trimmed their price target on BlueScope Steel by A$0.45 to A$30.91, reflecting updated assumptions around discount rates, expectations of modest revenue growth, and slightly adjusted profit margin and P/E inputs. What's in the News BlueScope Steel declared an unfranked interim dividend of A$0.65 per share for the six months ended 31 December 2025, with an ex date of 20 February 2026, record date of 23 February 2026, and payment date of 24 March 2026 (company announcement).
Narrative Update Mar 29

BSL: Takeover Interest And Cash Returns Will Support Future Upside Potential

Analysts have kept their A$31.36 price target for BlueScope Steel broadly unchanged, with only minor tweaks to inputs such as a slightly lower discount rate and a small adjustment to the assumed future P/E multiple guiding this steady view. What's in the News BlueScope Steel received an unsolicited, non binding proposal from SGH and Steel Dynamics to acquire the company for A$13.2b on December 12, 2025, which was later revised to A$14.9b, structured as A$34 per share in cash, with SGH intending to on sell BlueScope’s North American businesses to Steel Dynamics.
Narrative Update Mar 13

BSL: Takeover Bids And Special Dividend Will Support Future Upside Potential

Analysts have kept their A$31.36 price target for BlueScope Steel steady, with minor tweaks to inputs such as the discount rate and future P/E assumptions. This suggests a refined rather than a reworked view of the company’s outlook.
Narrative Update Feb 27

BSL: Takeover Bids And Cash Returns Will Drive Future Upside Potential

Analysts have nudged their price target for BlueScope Steel slightly lower from A$31.66 to A$31.36, reflecting updated assumptions around revenue growth, profit margins, a marginally higher discount rate, and a modestly reduced future P/E expectation. What's in the News SGH and Steel Dynamics have put forward an unsolicited, non binding proposal to acquire BlueScope Steel for about A$8.78b, with the plan for SGH to acquire all shares and then on sell the North American business to Steel Dynamics (Reuters).
Narrative Update Feb 12

BSL: Takeover Interest And Special Dividend Will Guide Future Assessment

Analysts have raised their price target for BlueScope Steel by A$0.77 to A$31.66, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the main drivers of the change. What's in the News BlueScope confirmed it received an unsolicited takeover proposal valued at about US$8.78b from an investor group including SGH and Steel Dynamics, targeting Australia's largest steel producer (Reuters).
Narrative Update Jan 26

BSL: Takeover Rejection And Special Dividend Will Shape Future Assessment

Analysts have raised their price target on BlueScope Steel to A$30.89 from A$28.21, citing updated assumptions around profit margin, revenue growth, discount rate and future P/E that together support a higher assessed fair value. What's in the News SGH and Steel Dynamics submitted an unsolicited, non binding proposal in December 2025 to acquire BlueScope Steel for about A$13.2b, offering A$30 per share in cash.
Narrative Update Jan 11

BSL: Takeover Rejection And Higher P E Assumptions Will Shape Outlook

Analysts have lifted their price target on BlueScope Steel from A$24.83 to A$28.21, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What's in the News BlueScope Steel received an unsolicited, non binding and indicative takeover proposal valued at about A$13.2b, offering A$30 per share from a consortium led by SGH and Steel Dynamics.
Analysis Article Sep 17

Does BlueScope Steel (ASX:BSL) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Narrative Update Sep 04

Infrastructure Renewal And Renewables Will Boost Global Steel Demand

As BlueScope Steel’s discount rate and future P/E remained essentially flat, analysts maintained the consensus price target at A$24.83, reflecting no material change in fair value expectations. What's in the News BlueScope Steel has extended its buyback plan duration by one year, now ending August 17, 2026.
Analysis Article Aug 10

BlueScope Steel Limited (ASX:BSL) Screens Well But There Might Be A Catch

ASX:BSL 1 Year Share Price vs Fair Value Explore BlueScope Steel's Fair Values from the Community and select yours It's...
User avatar
New Narrative Feb 09

North Star Project Will Increase Capacity By 10%, Reduce Emissions, And Strengthen Future Operations

Strategic domestic product shift and U.S. investment aim to boost revenue and enhance profitability through value-added sales and integration.

Shareholder Returns

BSLAU Metals and MiningAU Market
7D7.8%3.0%1.0%
1Y40.8%62.7%2.7%

Return vs Industry: BSL underperformed the Australian Metals and Mining industry which returned 62.7% over the past year.

Return vs Market: BSL exceeded the Australian Market which returned 2.7% over the past year.

Price Volatility

Is BSL's price volatile compared to industry and market?
BSL volatility
BSL Average Weekly Movement4.0%
Metals and Mining Industry Average Movement12.2%
Market Average Movement10.2%
10% most volatile stocks in AU Market17.4%
10% least volatile stocks in AU Market4.2%

Stable Share Price: BSL has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: BSL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
188516,500Tania Archibaldwww.bluescope.com

BlueScope Steel Limited engages in the production and marketing of metal-coated and painted steel building products in Australia, New Zealand, Asia, and North America. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Buildings and Coated Products North America, Coated Products Asia, and New Zealand & Pacific Islands. It offers coated and painted flat steel products, including zinc/aluminium alloy coated steel; and galvanized and zinc/aluminium alloy coated pre-painted steel, as well as manufactures pipes and tubes.

BlueScope Steel Limited Fundamentals Summary

How do BlueScope Steel's earnings and revenue compare to its market cap?
BSL fundamental statistics
Market capAU$14.60b
Earnings (TTM)AU$287.30m
Revenue (TTM)AU$16.61b
50.8x
P/E Ratio
0.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BSL income statement (TTM)
RevenueAU$16.61b
Cost of RevenueAU$10.26b
Gross ProfitAU$6.35b
Other ExpensesAU$6.06b
EarningsAU$287.30m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 17, 2026

Earnings per share (EPS)0.66
Gross Margin38.23%
Net Profit Margin1.73%
Debt/Equity Ratio4.4%

How did BSL perform over the long term?

See historical performance and comparison

Dividends

3.9%
Current Dividend Yield
145%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/03 01:57
End of Day Share Price 2026/06/03 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BlueScope Steel Limited is covered by 33 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin BrayshawBarrenjoey Markets Pty Limited
Megan Kirby-LewisBarrenjoey Markets Pty Limited
April LowisBarrenjoey Markets Pty Limited