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BSL

BlueScope SteelASX:BSL Stock Report

Market Cap

AU$10.3b

7D

-3.6%

1Y

65.0%

Updated

28 Sep, 2021

Data

Company Financials +
BSL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

BSL Overview

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Thailand, Indonesia, Malaysia, Vietnam, North America, the Pacific Islands, and Asia.

BlueScope Steel Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BlueScope Steel
Historical stock prices
Current Share PriceAU$20.95
52 Week HighAU$12.67
52 Week LowAU$26.15
Beta1.38
1 Month Change-16.73%
3 Month Change-6.01%
1 Year Change64.96%
3 Year Change22.23%
5 Year Change168.94%
Change since IPO16.39%

Recent News & Updates

Shareholder Returns

BSLAU Metals and MiningAU Market
7D-3.6%1.3%1.5%
1Y65.0%10.3%24.8%

Return vs Industry: BSL exceeded the Australian Metals and Mining industry which returned 10.3% over the past year.

Return vs Market: BSL exceeded the Australian Market which returned 24.8% over the past year.

Price Volatility

Is BSL's price volatile compared to industry and market?
BSL volatility
BSL Beta1.38
Industry Beta0.93
Market Beta1

Stable Share Price: BSL is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BSL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
188514,000Mark Vassellahttps://www.bluescope.com

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Thailand, Indonesia, Malaysia, Vietnam, North America, the Pacific Islands, and Asia. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Building Products Asia & North America, Buildings North America, and New Zealand & Pacific Islands. It offers steel slabs, plates, hot and cold rolled coils, coated and painted strip products, roof and wall claddings, and purlins and house framings under the LYSAGHT steel building products, COLORBOND steel, COLORSTEEL, ZINCALUME steel, GALVABOND steel, GALVASPAN steel, BlueScope Zacs, and SuperDyma brands.

BlueScope Steel Fundamentals Summary

How do BlueScope Steel's earnings and revenue compare to its market cap?
BSL fundamental statistics
Market CapAU$10.32b
Earnings (TTM)AU$1.18b
Revenue (TTM)AU$12.90b

8.7x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSL income statement (TTM)
RevenueAU$12.90b
Cost of RevenueAU$7.43b
Gross ProfitAU$5.47b
ExpensesAU$4.29b
EarningsAU$1.18b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 21, 2022

Earnings per share (EPS)2.40
Gross Margin42.42%
Net Profit Margin9.17%
Debt/Equity Ratio7.6%

How did BSL perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

13%

Payout Ratio

Valuation

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

8.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BSL (A$20.95) is trading above our estimate of fair value (A$14.06)

Significantly Below Fair Value: BSL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BSL is good value based on its PE Ratio (8.7x) compared to the Australian Metals and Mining industry average (11.8x).

PE vs Market: BSL is good value based on its PE Ratio (8.7x) compared to the Australian market (19x).


Price to Earnings Growth Ratio

PEG Ratio: BSL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BSL is good value based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is BlueScope Steel forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BSL's earnings are forecast to decline over the next 3 years (-14.1% per year).

Earnings vs Market: BSL's earnings are forecast to decline over the next 3 years (-14.1% per year).

High Growth Earnings: BSL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BSL's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: BSL's revenue is forecast to decline over the next 3 years (-0.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BSL's Return on Equity is forecast to be low in 3 years time (10.1%).


Past Performance

How has BlueScope Steel performed over the past 5 years?

-6.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSL has high quality earnings.

Growing Profit Margin: BSL's current net profit margins (9.2%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: BSL's earnings have declined by 6% per year over the past 5 years.

Accelerating Growth: BSL's earnings growth over the past year (1068.1%) exceeds its 5-year average (-6% per year).

Earnings vs Industry: BSL earnings growth over the past year (1068.1%) exceeded the Metals and Mining industry 42.6%.


Return on Equity

High ROE: BSL's Return on Equity (15.9%) is considered low.


Financial Health

How is BlueScope Steel's financial position?


Financial Position Analysis

Short Term Liabilities: BSL's short term assets (A$6.1B) exceed its short term liabilities (A$3.3B).

Long Term Liabilities: BSL's short term assets (A$6.1B) exceed its long term liabilities (A$1.7B).


Debt to Equity History and Analysis

Debt Level: BSL's debt to equity ratio (7.6%) is considered satisfactory.

Reducing Debt: BSL's debt to equity ratio has reduced from 22.1% to 7.6% over the past 5 years.

Debt Coverage: BSL's debt is well covered by operating cash flow (266.4%).

Interest Coverage: BSL's interest payments on its debt are well covered by EBIT (31.9x coverage).


Balance Sheet


Dividend

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

1.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BSL's dividend (1.48%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.29%).

High Dividend: BSL's dividend (1.48%) is low compared to the top 25% of dividend payers in the Australian market (5.48%).


Stability and Growth of Payments

Stable Dividend: BSL's dividend payments have been volatile in the past 10 years.

Growing Dividend: BSL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.2%), BSL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BSL's dividends in 3 years are forecast to be well covered by earnings (21.3% payout ratio).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Mark Vassella (58 yo)

3.67yrs

Tenure

AU$5,518,779

Compensation

Mr. Mark Royce Vassella, BCom, MBA has been Managing Director, Chief Executive Officer and Executive Director of BlueScope Steel Limited since January 01, 2018. Mr. Vassella joined BlueScope following its...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD4.02M) is above average for companies of similar size in the Australian market ($USD2.29M).

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


Leadership Team

Experienced Management: BSL's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: BSL's board of directors are considered experienced (4.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: BlueScope Steel Limited
  • Ticker: BSL
  • Exchange: ASX
  • Founded: 1885
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$10.318b
  • Shares outstanding: 492.50m
  • Website: https://www.bluescope.com

Number of Employees


Location

  • BlueScope Steel Limited
  • 120 Collins Street
  • Level 11
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/28 15:47
End of Day Share Price2021/09/28 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.