Australian (ASX) Steel Industry Analysis
UpdatedSep 26, 2023
DataAggregated Company Financials
Companies47
- 7D-1.8%
- 3M-3.6%
- 1Y24.2%
- YTD0.8%
Over the last 7 days, the Steel industry has dropped 1.4%, driven by a pullback from Fortescue Metals Group of 3.1%. In contrast, Stanmore Resources has gained 8.4%. In the past year, the industry has gained 19%. As for the next few years, earnings are forecast to decline by 13% per annum.
Industry Valuation and Performance
Has the Australian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 26 Sep 2023 | AU$91.9b | AU$67.1b | AU$10.9b | 9.3x | 8.4x | 1.4x |
| Thu, 24 Aug 2023 | AU$92.9b | AU$67.6b | AU$12.6b | 9.4x | 7.4x | 1.4x |
| Sat, 22 Jul 2023 | AU$96.4b | AU$66.9b | AU$13.2b | 6.4x | 7.3x | 1.4x |
| Mon, 19 Jun 2023 | AU$96.7b | AU$66.2b | AU$13.0b | 6.1x | 7.5x | 1.5x |
| Wed, 17 May 2023 | AU$89.2b | AU$67.1b | AU$13.3b | 6.3x | 6.7x | 1.3x |
| Fri, 14 Apr 2023 | AU$97.2b | AU$67.1b | AU$13.5b | 6.7x | 7.2x | 1.4x |
| Sun, 12 Mar 2023 | AU$92.9b | AU$63.8b | AU$12.9b | 6.6x | 7.2x | 1.5x |
| Tue, 07 Feb 2023 | AU$95.2b | AU$63.0b | AU$14.3b | 6.7x | 6.6x | 1.5x |
| Thu, 05 Jan 2023 | AU$90.3b | AU$63.0b | AU$14.4b | 7x | 6.3x | 1.4x |
| Sat, 03 Dec 2022 | AU$86.0b | AU$63.3b | AU$14.5b | 6.2x | 5.9x | 1.4x |
| Mon, 31 Oct 2022 | AU$67.6b | AU$64.9b | AU$15.1b | 5.9x | 4.5x | 1x |
| Wed, 28 Sep 2022 | AU$74.1b | AU$64.1b | AU$15.1b | 5.7x | 4.9x | 1.2x |
| Fri, 26 Aug 2022 | AU$84.3b | AU$67.6b | AU$18.7b | 5x | 4.5x | 1.2x |
| Sun, 24 Jul 2022 | AU$78.5b | AU$62.6b | AU$17.8b | 4.6x | 4.4x | 1.3x |
| Tue, 21 Jun 2022 | AU$76.1b | AU$62.7b | AU$17.8b | 4.7x | 4.3x | 1.2x |
| Thu, 19 May 2022 | AU$90.5b | AU$62.5b | AU$17.7b | 5.8x | 5.1x | 1.4x |
| Sat, 16 Apr 2022 | AU$98.3b | AU$59.7b | AU$16.5b | 6.6x | 5.9x | 1.6x |
| Mon, 14 Mar 2022 | AU$82.9b | AU$59.4b | AU$16.5b | 5.2x | 5x | 1.4x |
| Wed, 09 Feb 2022 | AU$93.6b | AU$56.0b | AU$16.9b | 8x | 5.5x | 1.7x |
| Fri, 07 Jan 2022 | AU$87.2b | AU$55.4b | AU$16.7b | n/a | 5.2x | 1.6x |
| Sun, 05 Dec 2021 | AU$75.4b | AU$56.5b | AU$17.2b | 6.9x | 4.4x | 1.3x |
| Tue, 02 Nov 2021 | AU$67.6b | AU$54.0b | AU$16.1b | 7.8x | 4.2x | 1.3x |
| Thu, 30 Sep 2021 | AU$68.4b | AU$55.2b | AU$16.6b | 8.6x | 4.1x | 1.2x |
| Sat, 28 Aug 2021 | AU$87.7b | AU$54.5b | AU$16.1b | 11.5x | 5.5x | 1.6x |
| Sun, 04 Jul 2021 | AU$97.6b | AU$54.5b | AU$16.1b | 11.9x | 6.1x | 1.8x |
| Wed, 07 Apr 2021 | AU$83.9b | AU$47.5b | AU$12.2b | 12.8x | 6.9x | 1.8x |
| Sat, 09 Jan 2021 | AU$93.6b | AU$41.3b | AU$8.7b | 10.7x | 10.8x | 2.3x |
| Fri, 02 Oct 2020 | AU$63.3b | AU$41.0b | AU$7.9b | 7.6x | 8x | 1.5x |
Price to Earnings Ratio
8x
Current Industry PE
- Investors are optimistic on the Australian Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 8.5x which is higher than its 3-year average PE of 6.6x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Steel industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Steel compare with similar industries?
| AU Market | -1.89% | |
| Materials | -3.06% | |
| Metals and Mining | -3.09% | |
| Steel | -1.81% | |
| Gold | -1.05% | |
| Copper | -1.51% | |
| Precious Metals and Minerals | -2.11% | |
| Silver | -2.70% | |
| Aluminum | -3.89% | |
| Diversified Metals and Mining | -3.89% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SMR Stanmore Resources | AU$3.60 | 8.4% +AU$252.4m | 81.8% | PE2.6x | |
| BSL BlueScope Steel | AU$19.20 | 2.0% +AU$172.2m | 29.6% | PE9.3x | |
| CRN Coronado Global Resources | AU$1.84 | 2.5% +AU$75.4m | 23.5% | PE4.9x | |
| RHI Red Hill Minerals | AU$4.90 | 15.6% +AU$42.1m | 34.6% | PS253x | |
| GRX GreenX Metals | AU$0.99 | 5.3% +AU$13.6m | 304.1% | PS867.9x |