Steel & Tube Holdings Limited engages in the distribution and processing of steel, fastenings, and metal floor decking products in New Zealand.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$1.15|
|52 Week High||NZ$0.60|
|52 Week Low||NZ$1.20|
|1 Month Change||8.49%|
|3 Month Change||-4.17%|
|1 Year Change||82.54%|
|3 Year Change||-15.44%|
|5 Year Change||-47.25%|
|Change since IPO||147.31%|
Recent News & Updates
Here's Why Shareholders May Want To Be Cautious With Increasing Steel & Tube Holdings Limited's (NZSE:STU) CEO Pay Packet
As many shareholders of Steel & Tube Holdings Limited ( NZSE:STU ) will be aware, they have not made a gain on their...
Steel & Tube Holdings' (NZSE:STU) Promising Earnings May Rest On Soft Foundations
Steel & Tube Holdings Limited's ( NZSE:STU ) robust earnings report didn't manage to move the market for its stock. Our...
|STU||NZ Metals and Mining||NZ Market|
Return vs Industry: STU exceeded the NZ Metals and Mining industry which returned 11.3% over the past year.
Return vs Market: STU exceeded the NZ Market which returned 2.4% over the past year.
Stable Share Price: STU is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: STU's weekly volatility (3%) has been stable over the past year.
About the Company
Steel & Tube Holdings Limited engages in the distribution and processing of steel, fastenings, and metal floor decking products in New Zealand. It operates in two segments, Distribution and Infrastructure. The company offers structural steel, bar and plate products, and hollow steel sections; pipe and cable support products that include clip pipes, cables, and wire suspension systems; and stainless steel products, such as coils, sheets, plates, pipes, hygienic tube and associated fittings, and various structural bars, handrails, and architectural products to large scale projects and to the stainless steel fabricators, major corporations, and businesses in the construction, diary, water, food processing, energy, and manufacturing sectors.
Steel & Tube Holdings Fundamentals Summary
|STU fundamental statistics|
Is STU overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|STU income statement (TTM)|
|Cost of Revenue||NZ$381.93m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.098|
|Net Profit Margin||3.36%|
How did STU perform over the long term?See historical performance and comparison
3.9%Current Dividend Yield
Is Steel & Tube Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: STU (NZ$1.15) is trading above our estimate of fair value (NZ$0.29)
Significantly Below Fair Value: STU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: STU is good value based on its PE Ratio (11.8x) compared to the Oceanic Metals and Mining industry average (14.3x).
PE vs Market: STU is good value based on its PE Ratio (11.8x) compared to the NZ market (22.4x).
Price to Earnings Growth Ratio
PEG Ratio: STU is poor value based on its PEG Ratio (5.2x)
Price to Book Ratio
PB vs Industry: STU is good value based on its PB Ratio (1x) compared to the XO Metals and Mining industry average (2.6x).
How is Steel & Tube Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STU's forecast earnings growth (2.3% per year) is above the savings rate (2.1%).
Earnings vs Market: STU's earnings (2.3% per year) are forecast to grow slower than the NZ market (9.2% per year).
High Growth Earnings: STU's earnings are forecast to grow, but not significantly.
Revenue vs Market: STU's revenue (2% per year) is forecast to grow slower than the NZ market (5.2% per year).
High Growth Revenue: STU's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STU's Return on Equity is forecast to be low in 3 years time (5.8%).
How has Steel & Tube Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STU has high quality earnings.
Growing Profit Margin: STU became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: STU has become profitable over the past 5 years, growing earnings by -43% per year.
Accelerating Growth: STU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: STU has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.4%).
Return on Equity
High ROE: STU's Return on Equity (8.2%) is considered low.
How is Steel & Tube Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: STU's short term assets (NZ$222.5M) exceed its short term liabilities (NZ$80.0M).
Long Term Liabilities: STU's short term assets (NZ$222.5M) exceed its long term liabilities (NZ$92.0M).
Debt to Equity History and Analysis
Debt Level: STU is debt free.
Reducing Debt: STU has no debt compared to 5 years ago when its debt to equity ratio was 54.4%.
Debt Coverage: STU has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: STU has no debt, therefore coverage of interest payments is not a concern.
What is Steel & Tube Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: STU's dividend (3.91%) is higher than the bottom 25% of dividend payers in the NZ market (2.44%).
High Dividend: STU's dividend (3.91%) is low compared to the top 25% of dividend payers in the NZ market (4.91%).
Stability and Growth of Payments
Stable Dividend: STU's dividend payments have been volatile in the past 10 years.
Growing Dividend: STU's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.1%), STU's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: STU's dividends in 3 years are forecast to be covered by earnings (66.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Mark Roy Malpass, MBA, BE (Mech Hons), NZCE, serves as Independent Director at Z Energy Limited since October 30, 2019. He has been Chief Executive Officer of Steel & Tube Holdings Limited since Februa...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD712.11K) is above average for companies of similar size in the NZ market ($USD370.50K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Experienced Management: STU's management team is considered experienced (2.3 years average tenure).
Experienced Board: STU's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: STU insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Steel & Tube Holdings Limited's employee growth, exchange listings and data sources
- Name: Steel & Tube Holdings Limited
- Ticker: STU
- Exchange: NZSE
- Founded: 1953
- Industry: Steel
- Sector: Materials
- Market Cap: NZ$188.128m
- Shares outstanding: 165.02m
- Website: https://steelandtube.co.nz
Number of Employees
- Steel & Tube Holdings Limited
- 7 Bruce Roderick Drive
- East Tamaki
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 06:01|
|End of Day Share Price||2021/10/20 00:00|
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.