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BIS

Bisalloy Steel Group ASX:BIS Stock Report

Last Price

AU$2.23

Market Cap

AU$105.0m

7D

4.2%

1Y

41.1%

Updated

01 Oct, 2022

Data

Company Financials
BIS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends2/6

BIS Stock Overview

Bisalloy Steel Group Limited engages in the manufacture and sale of quenched and tempered, high-tensile, and abrasion resistant steel plates under the BISALLOY brand name.

Bisalloy Steel Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bisalloy Steel Group
Historical stock prices
Current Share PriceAU$2.23
52 Week HighAU$2.32
52 Week LowAU$1.30
Beta0.71
1 Month Change14.36%
3 Month Change31.95%
1 Year Change41.14%
3 Year Change117.56%
5 Year Change178.75%
Change since IPO-57.93%

Recent News & Updates

Shareholder Returns

BISAU Metals and MiningAU Market
7D4.2%-1.2%-1.7%
1Y41.1%4.0%-10.8%

Return vs Industry: BIS exceeded the Australian Metals and Mining industry which returned 4% over the past year.

Return vs Market: BIS exceeded the Australian Market which returned -10.8% over the past year.

Price Volatility

Is BIS's price volatile compared to industry and market?
BIS volatility
BIS Average Weekly Movement5.8%
Metals and Mining Industry Average Movement11.3%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

Stable Share Price: BIS is less volatile than 75% 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/aRowan Melrosehttps://www.bisalloy.com.au

Bisalloy Steel Group Limited engages in the manufacture and sale of quenched and tempered, high-tensile, and abrasion resistant steel plates under the BISALLOY brand name. It offers wear, structural, and armor grade specialty steels. The company 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$105.01m
Earnings (TTM)AU$14.99m
Revenue (TTM)AU$117.83m

7.0x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BIS income statement (TTM)
RevenueAU$117.83m
Cost of RevenueAU$86.75m
Gross ProfitAU$31.07m
Other ExpensesAU$16.08m
EarningsAU$14.99m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.32
Gross Margin26.37%
Net Profit Margin12.72%
Debt/Equity Ratio16.3%

How did BIS perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

42%

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 DateOct 06 2022
Dividend Pay DateOct 28 2022
Days until Ex dividend5 days
Days until Dividend pay date27 days

Does BIS pay a reliable dividends?

See BIS dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is BIS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BIS?

Other financial metrics that can be useful for relative valuation.

BIS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA5.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does BIS's PE Ratio compare to its peers?

BIS PE Ratio vs Peers
The above table shows the PE ratio for BIS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.1x
BRL Bathurst Resources
6.5xn/aAU$174.1m
TIG Tigers Realm Coal
8xn/aAU$248.3m
RHI Red Hill Iron
1.6xn/aAU$234.2m
VSL Vulcan Steel
8.2x-1.0%AU$893.6m
BIS Bisalloy Steel Group
7xn/aAU$105.0m

Price-To-Earnings vs Peers: BIS is expensive based on its Price-To-Earnings Ratio (7x) compared to the peer average (6.1x).


Price to Earnings Ratio vs Industry

How does BIS's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Earnings vs Industry: BIS is good value based on its Price-To-Earnings Ratio (7x) compared to the Australian Metals and Mining industry average (8.4x)


Price to Earnings Ratio vs Fair Ratio

What is BIS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BIS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BIS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of BIS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BIS (A$2.23) is trading below our estimate of fair value (A$2.52)

Significantly Below Fair Value: BIS is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-5.2%

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.


Discover growth companies

Past Performance

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

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


37.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BIS has high quality earnings.

Growing Profit Margin: BIS's current net profit margins (12.7%) are higher than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: BIS's earnings have grown significantly by 37.5% per year over the past 5 years.

Accelerating Growth: BIS's earnings growth over the past year (70.2%) exceeds its 5-year average (37.5% per year).

Earnings vs Industry: BIS earnings growth over the past year (70.2%) exceeded the Metals and Mining industry 22.7%.


Return on Equity

High ROE: BIS's Return on Equity (24%) is considered high.


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Financial Health

How is Bisalloy Steel Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BIS's short term assets (A$69.6M) exceed its short term liabilities (A$33.7M).

Long Term Liabilities: BIS's short term assets (A$69.6M) exceed its long term liabilities (A$8.6M).


Debt to Equity History and Analysis

Debt Level: BIS's net debt to equity ratio (13.4%) is considered satisfactory.

Reducing Debt: BIS's debt to equity ratio has reduced from 31.8% to 16.3% over the past 5 years.

Debt Coverage: BIS's debt is well covered by operating cash flow (41%).

Interest Coverage: BIS's interest payments on its debt are well covered by EBIT (28.5x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.05%

Current Dividend Yield

Upcoming Dividend Payment

TodayOct 01 2022Ex Dividend DateOct 06 2022Dividend Pay DateOct 28 202222 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Bisalloy Steel Group Dividend Yield vs Market
How does Bisalloy Steel Group dividend yield compare to the market?
SegmentDividend Yield
Company (Bisalloy Steel Group)6.1%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Metals and Mining)10.3%
Analyst forecast in 3 Years (Bisalloy Steel Group)n/a

Notable Dividend: BIS's dividend (6.05%) is higher than the bottom 25% of dividend payers in the Australian market (2.8%).

High Dividend: BIS's dividend (6.05%) is low compared to the top 25% of dividend payers in the Australian market (7.16%).


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 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (41.9%), BIS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (191.3%), BIS's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

0.8yrs

Average management tenure


CEO

Rowan Melrose (59 yo)

no data

Tenure

AU$569,153

Compensation

Mr. Rowan Melrose, B.E (Hons), M.App.Sc, MBA, has been Managing Director, CEO and Director at Bisalloy Steel Group Limited since March 1, 2022. Mr. Melrose joins Bisalloy with an extensive background in mi...


CEO Compensation Analysis

Rowan Melrose's Compensation vs Bisalloy Steel Group Earnings
How has Rowan Melrose's remuneration changed compared to Bisalloy Steel Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$569kAU$157k

AU$15m

Compensation vs Market: Rowan's total compensation ($USD366.68K) is above average for companies of similar size in the Australian market ($USD274.64K).

Compensation vs Earnings: Insufficient data to compare Rowan's compensation with company performance.


Leadership Team

Experienced Management: BIS's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: BIS's board of directors are not considered experienced ( 1.8 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 bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:BIS Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
26 Aug 22BuyAU$38,480Bernard LandyIndividual20,000AU$1.92
23 Mar 22BuyAU$4,883Bernard LandyIndividual2,500AU$1.95
09 Dec 21BuyAU$96,100Michael GundyIndividual62,000AU$1.55

Ownership Breakdown

What is the ownership structure of BIS?
Owner TypeNumber of SharesOwnership Percentage
Institutions6,142,41513.0%
Private Companies10,680,68922.7%
Individual Insiders11,098,86723.6%
General Public19,166,70640.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.


Top Shareholders

Top 25 shareholders own 59.29% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.54%
Peter Smaller
7,789,421A$17.4m0%no data
11.26%
Samuel Terry Asset Management Pty Ltd
5,302,146A$11.8m0%4.52%
9.07%
Greig & Harrison Pty Ltd.
4,272,000A$9.5m0%no data
3.74%
Turnbull & Partners Pty Ltd
1,761,006A$3.9m0%no data
2.87%
Evelin Investments Pty Ltd.
1,349,330A$3.0m0%no data
2.79%
Horrie Pty Ltd
1,312,427A$2.9m7.9%no data
2.49%
Malcolm B. Turnbull
1,172,692A$2.6m0%no data
1.1%
Rathvale Pty Limited
520,240A$1.2m0%no data
1.06%
Southern Steel Investments Pty Limited
500,000A$1.1m0%no data
1.06%
Netwealth Investments Ltd.
500,000A$1.1m0%0.01%
0.9%
Kilconquhar Superannuation Fund Pty Ltd
422,710A$942.6k-0.07%no data
0.81%
Andrew Gregory
380,000A$847.4k4.11%no data
0.79%
David Balkin
371,590A$828.6k0%no data
0.72%
Supervised Investments Australia Limited
340,269A$758.8k0%7.74%
0.69%
Manfred Reis
325,000A$724.8k0%no data
0.69%
Evelyn Reis
325,000A$724.8k0%no data
0.61%
Kelpador Pty Ltd
286,041A$637.9k0%no data
0.55%
Alloy Steel International, Inc.
256,935A$573.0k0%no data
0.52%
Nigel Burgess
243,659A$543.4k0%no data
0.47%
Yukari Burgess
223,659A$498.8k0%no data
0.21%
Ian Greenyer
100,000A$223.0k0%no data
0.16%
Matthew Enbom
77,589A$173.0k0%no data
0.14%
Michael Gundy
64,157A$143.1k0%no data
0.048%
Bernard Landy
22,500A$50.2k800%no data
0.0038%
Joanne Smaller
1,800A$4.0k0%no data

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
  • Implied Market Cap: AU$105.008m
  • Shares outstanding: 47.09m
  • Website: https://www.bisalloy.com.au

Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BISASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2003
BISCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 2003

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.