Calculating The Intrinsic Value Of Deterra Royalties Limited (ASX:DRR)
Nov 11
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Australian (ASX) Steel Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies38
- 7D-2.3%
- 3M-1.2%
- 1Y-26.1%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.3%, driven by a pullback from Fortescue of 3.0%. The industry has fallen 26% in the last year. In the next few years, earnings are forecast to decline by 15% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | AU$79.6b | AU$65.2b | AU$10.5b | 8.5x | 7.6x | 1.2x |
| Sat, 19 Oct 2024 | AU$86.3b | AU$64.1b | AU$10.4b | 8.2x | 8.3x | 1.3x |
| Mon, 16 Sep 2024 | AU$77.8b | AU$64.7b | AU$10.1b | 7.7x | 7.7x | 1.2x |
| Wed, 14 Aug 2024 | AU$81.7b | AU$68.0b | AU$11.1b | 7x | 7.3x | 1.2x |
| Fri, 12 Jul 2024 | AU$94.6b | AU$67.0b | AU$10.9b | 9.2x | 8.7x | 1.4x |
| Sun, 09 Jun 2024 | AU$102.2b | AU$68.0b | AU$11.2b | 11x | 9.2x | 1.5x |
| Tue, 07 May 2024 | AU$109.2b | AU$68.0b | AU$11.4b | 9.3x | 9.6x | 1.6x |
| Thu, 04 Apr 2024 | AU$105.9b | AU$68.7b | AU$11.6b | 8.7x | 9.2x | 1.5x |
| Sat, 02 Mar 2024 | AU$109.8b | AU$68.5b | AU$11.6b | 9.5x | 9.5x | 1.6x |
| Mon, 29 Jan 2024 | AU$120.0b | AU$66.1b | AU$10.5b | 10x | 11.4x | 1.8x |
| Wed, 27 Dec 2023 | AU$117.8b | AU$65.0b | AU$10.2b | 8.7x | 11.5x | 1.8x |
| Fri, 24 Nov 2023 | AU$107.0b | AU$66.3b | AU$10.5b | 8.7x | 10.2x | 1.6x |
| Sun, 22 Oct 2023 | AU$93.3b | AU$67.8b | AU$11.1b | 8.6x | 8.4x | 1.4x |
| Tue, 19 Sep 2023 | AU$93.5b | AU$67.3b | AU$10.9b | 9.2x | 8.6x | 1.4x |
| Thu, 17 Aug 2023 | AU$89.0b | AU$67.9b | AU$13.2b | 6.9x | 6.7x | 1.3x |
| Sat, 15 Jul 2023 | AU$97.4b | AU$66.3b | AU$13.0b | 6.5x | 7.5x | 1.5x |
| Mon, 12 Jun 2023 | AU$90.3b | AU$66.9b | AU$13.2b | 6.3x | 6.9x | 1.3x |
| Wed, 10 May 2023 | AU$90.9b | AU$66.9b | AU$13.4b | 6.5x | 6.8x | 1.4x |
| Fri, 07 Apr 2023 | AU$94.6b | AU$67.3b | AU$13.5b | 6.5x | 7x | 1.4x |
| Sun, 05 Mar 2023 | AU$97.8b | AU$62.9b | AU$12.5b | 7.1x | 7.8x | 1.6x |
| Tue, 31 Jan 2023 | AU$95.7b | AU$62.2b | AU$14.1b | 6.3x | 6.8x | 1.5x |
| Thu, 29 Dec 2022 | AU$89.5b | AU$63.4b | AU$14.5b | 6.8x | 6.2x | 1.4x |
| Sat, 26 Nov 2022 | AU$82.5b | AU$63.6b | AU$14.6b | 5.5x | 5.7x | 1.3x |
| Mon, 24 Oct 2022 | AU$73.2b | AU$65.3b | AU$15.3b | 5.9x | 4.8x | 1.1x |
| Wed, 21 Sep 2022 | AU$77.5b | AU$63.1b | AU$14.7b | 6.1x | 5.3x | 1.2x |
| Fri, 19 Aug 2022 | AU$83.7b | AU$67.4b | AU$18.6b | 4.9x | 4.5x | 1.2x |
| Sun, 17 Jul 2022 | AU$73.1b | AU$63.4b | AU$18.1b | 4.1x | 4x | 1.2x |
| Tue, 14 Jun 2022 | AU$94.1b | AU$61.9b | AU$17.5b | 6.2x | 5.4x | 1.5x |
| Thu, 12 May 2022 | AU$88.4b | AU$62.8b | AU$17.9b | 5.5x | 4.9x | 1.4x |
| Sat, 09 Apr 2022 | AU$97.6b | AU$59.5b | AU$16.4b | 6.5x | 5.9x | 1.6x |
| Mon, 07 Mar 2022 | AU$87.0b | AU$59.0b | AU$16.5b | 5.3x | 5.3x | 1.5x |
| Wed, 02 Feb 2022 | AU$84.7b | AU$56.3b | AU$17.1b | 7.7x | 5x | 1.5x |
| Fri, 31 Dec 2021 | AU$83.7b | AU$55.4b | AU$16.7b | 8x | 5x | 1.5x |
| Sun, 28 Nov 2021 | AU$75.8b | AU$56.0b | AU$17.0b | 7x | 4.5x | 1.4x |
Price to Earnings Ratio
4.5x
Current Industry PE
- Investors are relatively neutral on the Australian Steel industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 7.2x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 15% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Australian Steel compare with similar industries?
| AU Market | 1.37% | |
| Materials | -0.44% | |
| Metals and Mining | -1.29% | |
| Steel | -2.34% | |
| Silver | 6.62% | |
| Gold | 2.41% | |
| Copper | 1.59% | |
| Diversified Metals and Mining | -1.90% | |
| Aluminum | -3.82% | |
| Precious Metals and Minerals | -4.49% | |
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 | |
|---|---|---|---|---|---|
| DRR Deterra Royalties | AU$3.64 | 1.4% +AU$26.4m | -28.5% | PE12.4x | |
| BIS Bisalloy Steel Group | AU$3.86 | 9.0% +AU$15.3m | 46.8% | PE11.7x | |
| RHI Red Hill Minerals | AU$4.27 | 4.9% +AU$12.8m | -6.6% | PE1.8x | |
| RHK Red Hawk Mining | AU$0.80 | 6.7% +AU$10.0m | 14.3% | PS8880.5x | |
| GRR Grange Resources | AU$0.24 | 2.1% +AU$5.8m | -50.5% | PE2.6x |
