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BIS

Bisalloy Steel GroupASX:BIS Stock Report

Market Cap

AU$82.0m

7D

4.7%

1Y

36.4%

Updated

16 Oct, 2021

Data

Company Financials
BIS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

BIS Overview

Bisalloy Steel Group Limited manufactures and sells quenched and tempered, high-tensile, and abrasion resistant steel plates under the BISALLOY brand name.

Price History & Performance

Summary of all time highs, changes and price drops for Bisalloy Steel Group
Historical stock prices
Current Share PriceAU$1.78
52 Week HighAU$0.89
52 Week LowAU$1.80
Beta0.51
1 Month Change7.88%
3 Month Change39.06%
1 Year Change36.40%
3 Year Change89.36%
5 Year Change286.96%
Change since IPO-66.42%

Recent News & Updates

Sep 27
Bisalloy Steel Group (ASX:BIS) Has Announced That It Will Be Increasing Its Dividend To AU$0.09

Bisalloy Steel Group (ASX:BIS) Has Announced That It Will Be Increasing Its Dividend To AU$0.09

The board of Bisalloy Steel Group Limited ( ASX:BIS ) has announced that it will be increasing its dividend on the 26th...

Sep 16
Returns On Capital Are A Standout For Bisalloy Steel Group (ASX:BIS)

Returns On Capital Are A Standout For Bisalloy Steel Group (ASX:BIS)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Aug 27
Bisalloy Steel Group (ASX:BIS) Is Increasing Its Dividend To AU$0.09

Bisalloy Steel Group (ASX:BIS) Is Increasing Its Dividend To AU$0.09

The board of Bisalloy Steel Group Limited ( ASX:BIS ) has announced that it will be increasing its dividend on the 26th...

Jun 11
Here's Why Bisalloy Steel Group (ASX:BIS) Can Manage Its Debt Responsibly

Here's Why Bisalloy Steel Group (ASX:BIS) Can Manage Its Debt Responsibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Apr 30
Bisalloy Steel Group (ASX:BIS) Is Looking To Continue Growing Its Returns On Capital

Bisalloy Steel Group (ASX:BIS) Is Looking To Continue Growing Its Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

BISAU Metals and MiningAU Market
7D4.7%4.3%0.9%
1Y36.4%12.2%20.2%

Return vs Industry: BIS exceeded the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: BIS exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is BIS's price volatile compared to industry and market?
BIS volatility
BIS Beta0.51
Industry Beta0.97
Market Beta1

Stable Share Price: BIS is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BIS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1980n/aGlenn Cooperhttps://www.bisalloy.com.au

Bisalloy Steel Group Limited manufactures and sells quenched and tempered, high-tensile, and abrasion resistant steel plates under the BISALLOY brand name. The company offers wear, structural, and armor grade specialty steels. It also provides protection steel products.

Bisalloy Steel Group Fundamentals Summary

How do Bisalloy Steel Group's earnings and revenue compare to its market cap?
BIS fundamental statistics
Market CapAU$82.02m
Earnings (TTM)AU$8.81m
Revenue (TTM)AU$104.83m

9.3x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BIS income statement (TTM)
RevenueAU$104.83m
Cost of RevenueAU$81.48m
Gross ProfitAU$23.35m
ExpensesAU$14.54m
EarningsAU$8.81m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin22.28%
Net Profit Margin8.40%
Debt/Equity Ratio19.2%

How did BIS perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

47%

Payout Ratio

Does BIS pay a reliable dividends?

See BIS dividend history and benchmarks
When do you need to buy BIS by to receive an upcoming dividend?
Bisalloy Steel Group dividend dates
Ex Dividend DateNov 02 2021
Dividend Pay DateNov 26 2021
Days until Ex dividend17 days
Days until Dividend pay date41 days

Does BIS pay a reliable dividends?

See BIS dividend history and benchmarks

Valuation

Is Bisalloy Steel Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BIS (A$1.78) is trading below our estimate of fair value (A$30.48)

Significantly Below Fair Value: BIS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BIS is good value based on its PE Ratio (9.3x) compared to the Australian Metals and Mining industry average (15x).

PE vs Market: BIS is good value based on its PE Ratio (9.3x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BIS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BIS is good value based on its PB Ratio (1.8x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is Bisalloy Steel Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.2%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bisalloy Steel Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Bisalloy Steel Group performed over the past 5 years?

38.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIS has high quality earnings.

Growing Profit Margin: BIS's current net profit margins (8.4%) are higher than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: BIS's earnings have grown significantly by 38.5% per year over the past 5 years.

Accelerating Growth: BIS's earnings growth over the past year (30.8%) is below its 5-year average (38.5% per year).

Earnings vs Industry: BIS earnings growth over the past year (30.8%) underperformed the Metals and Mining industry 35.3%.


Return on Equity

High ROE: BIS's Return on Equity (18.5%) is considered low.


Financial Health

How is Bisalloy Steel Group's financial position?


Financial Position Analysis

Short Term Liabilities: BIS's short term assets (A$55.1M) exceed its short term liabilities (A$31.7M).

Long Term Liabilities: BIS's short term assets (A$55.1M) exceed its long term liabilities (A$3.8M).


Debt to Equity History and Analysis

Debt Level: BIS's debt to equity ratio (19.2%) is considered satisfactory.

Reducing Debt: BIS's debt to equity ratio has reduced from 33.7% to 19.2% over the past 5 years.

Debt Coverage: BIS's debt is well covered by operating cash flow (117%).

Interest Coverage: BIS's interest payments on its debt are well covered by EBIT (10.3x coverage).


Balance Sheet


Dividend

What is Bisalloy Steel Group current dividend yield, its reliability and sustainability?

5.06%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 16 2021Ex Dividend DateNov 02 2021Dividend Pay DateNov 26 202124 days from Ex DividendBuy in the next 17 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BIS's dividend (5.06%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: BIS's dividend (5.06%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).


Stability and Growth of Payments

Stable Dividend: BIS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BIS's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.7%), BIS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Glenn Cooper

1.25yrs

Tenure

AU$890,446

Compensation

Mr. Glenn Cooper has been Managing Director and Group Chief Executive Officer of Bisalloy Steel Group Limited since July 6, 2020 and served as Chief Executive Officer of Australia since November 2019 until...


CEO Compensation Analysis

Compensation vs Market: Glenn's total compensation ($USD660.91K) is above average for companies of similar size in the Australian market ($USD302.45K).

Compensation vs Earnings: Glenn's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BIS's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: BIS's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BIS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bisalloy Steel Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bisalloy Steel Group Limited
  • Ticker: BIS
  • Exchange: ASX
  • Founded: 1980
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$82.019m
  • Shares outstanding: 46.08m
  • Website: https://www.bisalloy.com.au

Location

  • Bisalloy Steel Group Limited
  • 18 Resolution Drive
  • PO Box 1246
  • Unanderra
  • New South Wales
  • 2526
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:01
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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 here.