BlueScope Steel Limited

DB:BH5 Stock Report

Market Cap: €5.0b

BlueScope Steel Valuation

Is BH5 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BH5 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BH5 (€11.3) is trading below our estimate of fair value (€29.76)

Significantly Below Fair Value: BH5 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BH5?

Key metric: As BH5 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BH5. This is calculated by dividing BH5's market cap by their current earnings.
What is BH5's PE Ratio?
PE Ratio10.2x
EarningsAU$804.70m
Market CapAU$8.24b

Price to Earnings Ratio vs Peers

How does BH5's PE Ratio compare to its peers?

The above table shows the PE ratio for BH5 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.1x
EIS Eisen- und Hüttenwerke
18xn/a€205.9m
NDA Aurubis
7.9x-5.3%€3.3b
FPE3 Fuchs
18.3x8.6%€4.8b
WCH Wacker Chemie
28.1x36.6%€3.5b
BH5 BlueScope Steel
10.2x8.1%€8.2b

Price-To-Earnings vs Peers: BH5 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (18.3x).

Price to Earnings Ratio vs Industry

How does BH5's PE Ratio compare vs other companies in the European Metals and Mining Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BH5 10.2xIndustry Avg. 11.6xNo. of Companies14PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BH5 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the European Metals and Mining industry average (11.4x).

Price to Earnings Ratio vs Fair Ratio

What is BH5'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.

BH5 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: BH5 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (15x).

Analyst Price Targets

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

The above table shows the analyst BH5 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.30
€13.20
+16.8%
10.3%€15.16€10.87n/a13
Dec ’25€13.60
€13.60
+0.005%
9.8%€15.66€11.23n/a13
Nov ’25€12.30
€13.14
+6.8%
10.6%€15.20€10.72n/a13
Oct ’25€13.40
€13.41
+0.08%
12.6%€15.65€10.51n/a13
Sep ’25€12.60
€13.31
+5.7%
12.8%€15.51€10.31n/a14
Aug ’25€13.20
€14.04
+6.3%
14.1%€17.19€10.06n/a14
Jul ’25€12.40
€14.78
+19.2%
15.8%€18.75€10.28n/a14
Jun ’25€12.90
€14.61
+13.3%
13.4%€18.00€10.08n/a14
May ’25€13.90
€14.57
+4.8%
13.3%€17.83€9.99n/a14
Apr ’25€14.30
€14.08
-1.6%
11.1%€16.01€9.97n/a14
Mar ’25€13.60
€13.99
+2.9%
11.4%€15.97€9.95n/a13
Feb ’25€14.10
€13.59
-3.6%
14.7%€15.95€9.97n/a12
Jan ’25€14.30
€13.60
-4.9%
13.5%€15.99€10.15€11.3012
Dec ’24€12.70
€13.11
+3.2%
14.0%€15.62€9.95€13.6013
Nov ’24€11.30
€12.81
+13.3%
13.9%€15.67€9.98€12.3013
Oct ’24€11.80
€13.82
+17.2%
12.5%€16.42€10.04€13.4013
Sep ’24€12.70
€13.63
+7.3%
11.2%€15.99€9.77€12.6013
Aug ’24€13.20
€13.89
+5.2%
13.1%€16.49€9.16€13.2013
Jul ’24€12.50
€13.52
+8.2%
16.3%€16.48€8.79€12.4014
Jun ’24€11.40
€13.48
+18.2%
16.1%€16.31€8.70€12.9014
May ’24€11.80
€13.48
+14.2%
16.1%€16.31€8.70€13.9014
Apr ’24€12.30
€12.85
+4.5%
17.0%€16.31€8.15€14.3013
Mar ’24€12.60
€12.68
+0.7%
14.4%€15.31€8.29€13.6014
Feb ’24€12.50
€12.88
+3.1%
13.2%€15.62€8.46€14.1014
Jan ’24€10.70
€12.28
+14.7%
12.5%€15.19€8.23€14.3014

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 06:47
End of Day Share Price 2025/01/02 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

BlueScope Steel Limited is covered by 28 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Megan Kirby-LewisBarrenjoey Markets Pty Limited
April LowisBarrenjoey Markets Pty Limited
Chen JiangBofA Global Research