Has the Australian Steel Industry valuation changed over the past few years?

Investors are relatively neutral on the 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 9.0x. Future earnings are expected to decline by 27% which could cause market valuations to fall.

How does Australian Steel compare with similar industries?

There is insufficient data on the sub-industries of this industry.

Australian (ASX) Steel Industry Analysis

Date	Market Cap	Revenue	Earnings	PE
Sat, 28 May 2022	AU$89.4b	AU$62.0b	AU$17.6b	6.1x
Mon, 25 Apr 2022	AU$97.0b	AU$60.4b	AU$16.8b	6.1x
Wed, 23 Mar 2022	AU$86.6b	AU$58.9b	AU$16.4b	4.8x
Fri, 18 Feb 2022	AU$88.7b	AU$55.8b	AU$15.2b	7.8x
Sun, 16 Jan 2022	AU$91.7b	AU$55.6b	AU$16.8b	8.6x
Tue, 14 Dec 2021	AU$80.9b	AU$55.8b	AU$16.9b	7.7x
Thu, 11 Nov 2021	AU$66.6b	AU$54.9b	AU$16.5b	8x
Sat, 09 Oct 2021	AU$67.4b	AU$54.8b	AU$16.4b	8.7x
Mon, 06 Sep 2021	AU$83.1b	AU$54.0b	AU$16.1b	9x
Wed, 04 Aug 2021	AU$101.3b	AU$54.5b	AU$16.1b	11.9x
Sat, 08 May 2021	AU$94.3b	AU$47.5b	AU$12.2b	13.5x
Tue, 09 Feb 2021	AU$88.1b	AU$41.3b	AU$8.7b	10.3x
Mon, 02 Nov 2020	AU$70.0b	AU$41.1b	AU$8.0b	9.1x
Thu, 06 Aug 2020	AU$65.1b	AU$40.0b	AU$6.9b	9.8x
Sun, 10 May 2020	AU$47.2b	AU$44.5b	AU$9.0b	8.7x
Sat, 01 Feb 2020	AU$49.9b	AU$42.2b	AU$8.4b	10x
Tue, 05 Nov 2019	AU$41.4b	AU$41.5b	AU$7.7b	8.3x
Fri, 09 Aug 2019	AU$41.5b	AU$39.2b	AU$6.5b	7.5x


AU Market	-1.30%
Materials	-3.49%
Metals and Mining	-3.76%
Steel	-2.03%
Copper	1.01%
Silver	0%
Aluminum	-1.34%
Gold	-1.71%
Precious Metals and Minerals	-3.10%
Diversified Metals and Mining	-4.72%

Company	Last Price	7D	1Y	Valuation
SGM Sims	AU$17.77	2.8% +AU$93.4m	12.1%	PS7.9x
FEX Fenix Resources	AU$0.32	6.8% +AU$10.3m	8.6%	PS2.5x
AHQ Allegiance Coal	AU$0.55	3.8% +AU$7.8m	4.8%	PS15.9x
BRL Bathurst Resources	AU$1.42	2.5% +AU$6.7m	330.3%	PS4.4x
GRR Grange Resources	AU$1.55	0.3% +AU$5.8m	206.9%	PS5.6x

May 26

Genmin Limited Reports Significant Increase to the Mineral Resource Estimate (MRE) for Its 100% Owned Baniaka Iron Ore Project

Genmin Limited reported a significant increase to the Mineral Resource Estimate (MRE) for its 100% owned Baniaka iron ore project (Baniaka), located in the Republic of Gabon, Central West Africa. The 168% increase of the Baniaka MRE to 700 million tonnes (Mt) results from the inclusion of a Maiden, Inferred Oxide and Primary MRE for the Bandjougoy prospect. The MRE was completed by independent consultants Golder Associates Pty Ltd. (Golder) and is reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition) (JORC Code). The MRE is based on Oxide and Primary banded iron formation (BIF) assay results from an additional 43 holes for 4,280m of diamond drilling completed in the Bandjougoy prospect area. Baniaka is divided into 12 major prospects at different levels of maturity. The Baniaka Preliminary Feasibility (PFS) includes Soft Oxide mineral resources from the Bandjougoy and Tsengué prospects and detrital iron deposits (DID) mineral resources from Bingamba North, Tsengué, Bandjougoy and Flouflou prospects (collectively PFS Prospects). The MRE reported in this announcement includes results for the final 12 diamond holes at Bandjougoy from the 2021 drilling program, totalling 1,376m of drilling. Significant Oxide intersections were: 50.4m at 46.8% Fe from 12.5m in BWDD027B; 68.0m at 45.7% Fe from 9.0m in BWDD028A; 56.1m at 48.2% Fe from 6.9m in BWDD029; 59.3m at 45.4% Fe from 13.7m in BWDD032; 65.7m at 50.0% Fe from 4.0m in BWDD033; and 48.6m at 46.2% Fe from 7.8m in BWDD037. Significant DID intersections were: 12.5m at 51.3% Fe from 0.0m in BWDD027B; 9.0m at 54.0% Fe from 0.0m in BWDD028A; 6.9m at 53.9% Fe from 0.0m in BWDD029; 13.0m at 52.2% Fe from 0.0m in BWDD031; 11.7m at 51.9% Fe from 2.0m in BWDD032; 13.5m at 54.0% Fe from 0.7m in BWDD0034; 11.0m at 56.8% Fe from 0.0m in BWDD035A; and 6.8m at 55.1% Fe from 1.3m in BWDD036. Significant Primary intersections were: 50.5m at 33.5% Fe from 77.0m in BWDD028A; 105.3m at 32.8% Fe from 63.0m in BWDD029; 45.5m at 35.9% Fe from 56.0m in BWDD030; and 87.2m at 32.6% Fe from 77.3m in BWDD038.

Australian (ASX) Steel Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

FMG

Is Fortescue Metals Group (ASX:FMG) A Risky Investment?

GEN

Genmin Limited Reports Significant Increase to the Mineral Resource Estimate (MRE) for Its 100% Owned Baniaka Iron Ore Project

AHQ

Allegiance Coal Limited announced that it expects to receive AUD 42.857143 million in funding from Collins St Asset Management Pty Ltd

SGM

Sims Limited, Annual General Meeting, Nov 09, 2022

CRN

Upcoming dividend of US$0.12 per share

HIO

Hawsons Iron Limited Announces Executive Changes

MGT

Magnetite Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 15.798734 million.

GRR

Investor sentiment improved over the past week

BCI

Is BCI Minerals (ASX:BCI) A Risky Investment?

TI1

Tombador Iron Ltd Ordinary Shares to Be Deleted from Other OTC

VSL

Consensus EPS estimates increase by 24%

DRR

High number of new and inexperienced directors

CKA

No independent directors

BRL

Price target increased to AU$1.63

BCB

Less than half of directors are independent

FEX

MD & Executive Director recently bought AU$73k worth of stock