Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$4.98, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 11x in the Metals and Mining industry in Australia. Total returns to shareholders of 230% over the past three years. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Bernie Landy was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Bernie Landy was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 27
Bisalloy Steel Group Limited Declares Ordinary Fully Paid Fully Franked Interim Dividend for the Period of Six Months Ended December 31, 2025, Payable on April 24, 2026 Bisalloy Steel Group Limited declared an ordinary fully paid fully franked interim dividend of AUD 0.08000000 per security for the period of six months ended December 31, 2025. The Ex Date is April 9, 2026, the Record Date is April 10, 2026, and the Payment Date is April 24, 2026. Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Bernie Landy was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 11
Bisalloy Steel Group Limited, Annual General Meeting, Nov 06, 2025 Bisalloy Steel Group Limited, Annual General Meeting, Nov 06, 2025. Declared Dividend • Aug 30
Dividend of AU$0.17 announced Shareholders will receive a dividend of AU$0.17. Ex-date: 22nd September 2025 Payment date: 3rd October 2025 Dividend yield will be 7.8%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (148% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Aug 29
Full year 2025 earnings released: EPS: AU$0.41 (vs AU$0.33 in FY 2024) Full year 2025 results: EPS: AU$0.41 (up from AU$0.33 in FY 2024). Revenue: AU$152.8m (flat on FY 2024). Net income: AU$19.6m (up 24% from FY 2024). Profit margin: 13% (up from 10% in FY 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 28
Bisalloy Steel Group Limited Announces Fully Franked Ordinary Dividend for the Six Months Ended June 30, 2025, Payable on October 3, 2025 Bisalloy Steel Group Limited announced fully franked ordinary dividend of AUD 0.16500000 per share for the six months ended June 30, 2025, payable on October 3, 2025. Ex Date: September 22, 2025 and Record Date: September 23, 2025. Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Bernie Landy was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Bernie Landy was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to AU$3.55, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 196% over the past three years. Upcoming Dividend • Dec 27
Upcoming dividend of AU$0.13 per share Eligible shareholders must have bought the stock before 03 January 2025. Payment date: 17 January 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Australian dividend payers (6.1%). Lower than average of industry peers (6.0%). Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Bernie Landy was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$3.71, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 148% over the past three years. New Risk • Oct 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$148.0m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (AU$148.0m market cap, or US$99.3m). Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$3.81, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 15x in the Metals and Mining industry in Australia. Total returns to shareholders of 207% over the past three years. Upcoming Dividend • Sep 16
Upcoming dividend of AU$0.12 per share Eligible shareholders must have bought the stock before 23 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Australian dividend payers (6.0%). Lower than average of industry peers (5.7%). Announcement • Sep 13
Bisalloy Steel Group Limited, Annual General Meeting, Nov 08, 2024 Bisalloy Steel Group Limited, Annual General Meeting, Nov 08, 2024. Location: at the offices of thomson geer, at level 14, 60 martin place, sydney nsw 2000, sydney Australia Reported Earnings • Sep 03
Full year 2024 earnings released: EPS: AU$0.33 (vs AU$0.27 in FY 2023) Full year 2024 results: EPS: AU$0.33 (up from AU$0.27 in FY 2023). Revenue: AU$152.9m (flat on FY 2023). Net income: AU$15.7m (up 23% from FY 2023). Profit margin: 10% (up from 8.4% in FY 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Sep 01
Dividend of AU$0.12 announced Shareholders will receive a dividend of AU$0.12. Ex-date: 23rd September 2024 Payment date: 4th October 2024 Dividend yield will be 9.2%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Aug 28
Now 24% overvalued Over the last 90 days, the stock has fallen 22% to AU$2.81. The fair value is estimated to be AU$2.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to AU$3.33, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 206% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$3.30, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 14x in the Metals and Mining industry in Australia. Total returns to shareholders of 315% over the past three years. Upcoming Dividend • Mar 06
Upcoming dividend of AU$0.08 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Lower than top quartile of Australian dividend payers (6.3%). Higher than average of industry peers (5.5%). Declared Dividend • Mar 01
Dividend of AU$0.08 announced Shareholders will receive a dividend of AU$0.08. Ex-date: 13th March 2024 Payment date: 28th March 2024 Dividend yield will be 9.9%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to AU$2.03, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 86% over the past three years. Buying Opportunity • Nov 23
Now 27% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be AU$3.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 23%. Upcoming Dividend • Nov 09
Upcoming dividend of AU$0.10 per share at 4.9% yield Eligible shareholders must have bought the stock before 16 November 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Australian dividend payers (7.3%). Lower than average of industry peers (5.6%). Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$2.21, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 126% over the past three years. Upcoming Dividend • Sep 12
Upcoming dividend of AU$0.095 per share at 6.1% yield Eligible shareholders must have bought the stock before 19 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Australian dividend payers (6.9%). In line with average of industry peers (5.7%). Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: AU$0.27 (vs AU$0.32 in FY 2022) Full year 2023 results: EPS: AU$0.27 (down from AU$0.32 in FY 2022). Revenue: AU$153.1m (up 30% from FY 2022). Net income: AU$12.8m (down 15% from FY 2022). Profit margin: 8.4% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Announcement • Aug 25
Bisalloy Steel Group Limited Announces Ordinary Fully Paid Dividend for the Six Month Ended June 30, 2023, Payment Date of September 29, 2023 Bisalloy Steel Group Limited announced Ordinary Fully Paid dividend of AUD 0.09500000 for the six month ended June 30, 2023. Ex Date of September 19, 2023, record date of September 20, 2023 and Payment Date of September 29, 2023. Announcement • Aug 08
Bisalloy Steel Group Limited, Annual General Meeting, Oct 06, 2023 Bisalloy Steel Group Limited, Annual General Meeting, Oct 06, 2023, at 11:01 AUS Eastern Standard Time. Location: Sir James Fairfax Room of the Radisson Blu Plaza Hotel, 27 O'Connell Street, Sydney New South Wales Australia Upcoming Dividend • Mar 16
Upcoming dividend of AU$0.04 per share at 7.1% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 7.1%. Within top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (8.5%). Reported Earnings • Feb 25
First half 2023 earnings released: EPS: AU$14.60 (vs AU$0.17 in 1H 2022) First half 2023 results: EPS: AU$14.60. Revenue: AU$78.4m (up 42% from 1H 2022). Net income: AU$6.91m (down 9.7% from 1H 2022). Profit margin: 8.8% (down from 14% in 1H 2022). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Jan 20
Insider recently sold AU$408k worth of stock On the 18th of January, Malcolm B. Turnbull sold around 187k shares on-market at roughly AU$2.19 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$827k. Insiders have been net sellers, collectively disposing of AU$1.2m more than they bought in the last 12 months. Recent Insider Transactions • Dec 16
Insider recently sold AU$827k worth of stock On the 14th of December, Malcolm B. Turnbull sold around 396k shares on-market at roughly AU$2.09 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$773k more than they bought in the last 12 months. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Director Ian Greenyer is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Bernie Landy was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 17% share price gain to AU$2.16, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 118% over the past three years. Upcoming Dividend • Sep 29
Upcoming dividend of AU$0.09 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 6.2%. Lower than top quartile of Australian dividend payers (7.2%). Lower than average of industry peers (11%). Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: AU$32.20 (vs AU$0.19 in FY 2021) Full year 2022 results: EPS: AU$32.20 (up from AU$0.19 in FY 2021). Revenue: AU$117.8m (up 12% from FY 2021). Net income: AU$15.0m (up 70% from FY 2021). Profit margin: 13% (up from 8.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 189% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 17% share price gain to AU$1.90, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 120% over the past three years. Board Change • Apr 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Ian Greenyer is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Upcoming Dividend • Mar 17
Upcoming dividend of AU$0.045 per share Eligible shareholders must have bought the stock before 24 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Australian dividend payers (5.8%). Lower than average of industry peers (9.1%). Reported Earnings • Mar 01
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.17 (up from AU$0.072 in 1H 2021). Revenue: AU$55.2m (up 17% from 1H 2021). Net income: AU$7.65m (up 134% from 1H 2021). Profit margin: 14% (up from 6.9% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 14
Non-Executive Director recently bought AU$96k worth of stock On the 9th of December, Michael Gundy bought around 62k shares on-market at roughly AU$1.55 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$179k more in shares than they have sold in the last 12 months. Executive Departure • Dec 01
Company Secretary Mark Diamond has left the company On the 29th of November, Mark Diamond's tenure as Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Mark's name. Mark is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.46 years, which is considered inexperienced in the Simply Wall St Risk Model. Upcoming Dividend • Oct 26
Upcoming dividend of AU$0.09 per share Eligible shareholders must have bought the stock before 02 November 2021. Payment date: 26 November 2021. Trailing yield: 4.6%. Lower than top quartile of Australian dividend payers (5.3%). Lower than average of industry peers (10%). Reported Earnings • Aug 28
Full year 2021 earnings released: EPS AU$0.19 (vs AU$0.15 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$104.8m (down 5.3% from FY 2020). Net income: AU$8.81m (up 31% from FY 2020). Profit margin: 8.4% (up from 6.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 18
Non-Executive Director recently bought AU$92k worth of stock On the 15th of March, Ian Greenyer bought around 100k shares on-market at roughly AU$0.92 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$1.6m more in shares than they bought in the last 12 months. Reported Earnings • Mar 02
First half 2021 earnings released: EPS AU$0.072 (vs AU$0.045 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: AU$47.2m (down 16% from 1H 2020). Net income: AU$3.27m (up 60% from 1H 2020). Profit margin: 6.9% (up from 3.6% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 13
New 90-day low: AU$1.18 The company is down 8.0% from its price of AU$1.28 on 13 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. Upcoming Dividend • Oct 27
Upcoming Dividend of AU$0.05 Per Share Will be paid on the 27th of November to those who are registered shareholders by the 3rd of November. The trailing yield of 3.4% is below the top quartile of Australian dividend payers (5.5%), and is lower than industry peers (5.2%). Valuation Update With 7 Day Price Move • Oct 20
Market bids up stock over the past week After last week's 24% share price gain to AU$1.36, the stock is trading at a trailing P/E ratio of 9.5x, up from the previous P/E ratio of 7.6x. This compares to an average P/E of 12x in the Metals and Mining industry in Australia. Total returns to shareholders over the past three years are 108%. Is New 90 Day High Low • Oct 16
New 90-day high: AU$1.20 The company is up 25% from its price of AU$0.96 on 17 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. 
