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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Sep 2023AU$91.9bAU$67.1bAU$10.9b9.3x8.4x1.4x
Thu, 24 Aug 2023AU$92.9bAU$67.6bAU$12.6b9.4x7.4x1.4x
Sat, 22 Jul 2023AU$96.4bAU$66.9bAU$13.2b6.4x7.3x1.4x
Mon, 19 Jun 2023AU$96.7bAU$66.2bAU$13.0b6.1x7.5x1.5x
Wed, 17 May 2023AU$89.2bAU$67.1bAU$13.3b6.3x6.7x1.3x
Fri, 14 Apr 2023AU$97.2bAU$67.1bAU$13.5b6.7x7.2x1.4x
Sun, 12 Mar 2023AU$92.9bAU$63.8bAU$12.9b6.6x7.2x1.5x
Tue, 07 Feb 2023AU$95.2bAU$63.0bAU$14.3b6.7x6.6x1.5x
Thu, 05 Jan 2023AU$90.3bAU$63.0bAU$14.4b7x6.3x1.4x
Sat, 03 Dec 2022AU$86.0bAU$63.3bAU$14.5b6.2x5.9x1.4x
Mon, 31 Oct 2022AU$67.6bAU$64.9bAU$15.1b5.9x4.5x1x
Wed, 28 Sep 2022AU$74.1bAU$64.1bAU$15.1b5.7x4.9x1.2x
Fri, 26 Aug 2022AU$84.3bAU$67.6bAU$18.7b5x4.5x1.2x
Sun, 24 Jul 2022AU$78.5bAU$62.6bAU$17.8b4.6x4.4x1.3x
Tue, 21 Jun 2022AU$76.1bAU$62.7bAU$17.8b4.7x4.3x1.2x
Thu, 19 May 2022AU$90.5bAU$62.5bAU$17.7b5.8x5.1x1.4x
Sat, 16 Apr 2022AU$98.3bAU$59.7bAU$16.5b6.6x5.9x1.6x
Mon, 14 Mar 2022AU$82.9bAU$59.4bAU$16.5b5.2x5x1.4x
Wed, 09 Feb 2022AU$93.6bAU$56.0bAU$16.9b8x5.5x1.7x
Fri, 07 Jan 2022AU$87.2bAU$55.4bAU$16.7bn/a5.2x1.6x
Sun, 05 Dec 2021AU$75.4bAU$56.5bAU$17.2b6.9x4.4x1.3x
Tue, 02 Nov 2021AU$67.6bAU$54.0bAU$16.1b7.8x4.2x1.3x
Thu, 30 Sep 2021AU$68.4bAU$55.2bAU$16.6b8.6x4.1x1.2x
Sat, 28 Aug 2021AU$87.7bAU$54.5bAU$16.1b11.5x5.5x1.6x
Sun, 04 Jul 2021AU$97.6bAU$54.5bAU$16.1b11.9x6.1x1.8x
Wed, 07 Apr 2021AU$83.9bAU$47.5bAU$12.2b12.8x6.9x1.8x
Sat, 09 Jan 2021AU$93.6bAU$41.3bAU$8.7b10.7x10.8x2.3x
Fri, 02 Oct 2020AU$63.3bAU$41.0bAU$7.9b7.6x8x1.5x
Price to Earnings Ratio

8x


Total Market Cap: AU$63.3bTotal Earnings: AU$7.9bTotal Revenue: AU$41.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Steel Industry Price to Earnings3Y Average 6.6x202120222023
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?

CompanyLast Price7D1YValuation
SMR Stanmore ResourcesAU$3.608.4%
+AU$252.4m
81.8%PE2.6x
BSL BlueScope SteelAU$19.202.0%
+AU$172.2m
29.6%PE9.3x
CRN Coronado Global ResourcesAU$1.842.5%
+AU$75.4m
23.5%PE4.9x
RHI Red Hill MineralsAU$4.9015.6%
+AU$42.1m
34.6%PS253x
GRX GreenX MetalsAU$0.995.3%
+AU$13.6m
304.1%PS867.9x
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Latest News

SGM

AU$13.52

Sims

7D

-2.0%

1Y

-1.5%

FMG

AU$20.11

Fortescue Metals Group

7D

-4.1%

1Y

19.6%

SMR

AU$3.67

Stanmore Resources

7D

5.8%

1Y

79.9%

RHI

AU$4.99

Red Hill Minerals

7D

19.7%

1Y

36.0%

VSL

AU$7.92

Vulcan Steel

7D

4.8%

1Y

15.5%

IRD

AU$0.082

Iron Road

7D

2.5%

1Y

-41.4%

BIS

AU$1.91

Bisalloy Steel Group

7D

-12.4%

1Y

-9.9%

TYX

AU$0.018

Tyranna Resources

7D

5.9%

1Y

-61.7%

GRR

AU$0.46

Grange Resources

7D

-6.2%

1Y

-37.2%

BSL

AU$19.04

BlueScope Steel

7D

-1.6%

1Y

25.1%

CIA

AU$6.13

Champion Iron

7D

-5.8%

1Y

29.1%

CRN

AU$1.88

Coronado Global Resources

7D

1.1%

1Y

23.7%

BCB

AU$0.15

Bowen Coking Coal

7D

3.4%

1Y

-57.7%

DRR

AU$4.79

Deterra Royalties

7D

-1.4%

1Y

19.8%

AQC

AU$0.12

Australian Pacific Coal

7D

9.5%

1Y

-73.6%