Steel & Tube Holdings Limited

NZSE:STU Stock Report

Market Cap: NZ$137.9m

Steel & Tube Holdings Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 STU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: STU (NZ$0.82) is trading above our estimate of fair value (NZ$0.35)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for STU. This is calculated by dividing STU's market cap by their current earnings.
What is STU's PE Ratio?
PE Ratio52.2x
EarningsNZ$2.64m
Market CapNZ$137.91m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for STU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.5x
ISMQ Iron & Steel for Mines & Quarries
32.7xn/aج.م4.1b
SIDG S.C. ArcelorMittal Hunedoara
11.4xn/aRON 398.5m
5922 Nasu Denki-Tekko
6.3xn/aJP¥13.2b
VRAJ Vraj Iron and Steel
15.7xn/a₹7.4b
STU Steel & Tube Holdings
52.2x64.6%NZ$137.9m

Price-To-Earnings vs Peers: STU is expensive based on its Price-To-Earnings Ratio (52.2x) compared to the peer average (16.5x).

Price to Earnings Ratio vs Industry

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

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
STU 52.2xIndustry Avg. 12.8xNo. of Companies11PE01224364860+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: STU is expensive based on its Price-To-Earnings Ratio (52.2x) compared to the Oceanic Metals and Mining industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is STU'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.

STU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio52.2x
Fair PE Ration/a

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

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 STU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNZ$0.82
NZ$1.08
+31.4%
7.2%NZ$1.15NZ$1.00n/a2
Dec ’25NZ$0.89
NZ$1.13
+26.7%
2.4%NZ$1.15NZ$1.10n/a2
Nov ’25NZ$0.93
NZ$1.16
+24.3%
4.9%NZ$1.21NZ$1.10n/a2
Oct ’25NZ$0.97
NZ$1.16
+19.2%
4.9%NZ$1.21NZ$1.10n/a2
Sep ’25NZ$1.00
NZ$1.16
+15.6%
4.9%NZ$1.21NZ$1.10n/a2
Aug ’25NZ$1.03
NZ$1.09
+5.8%
8.3%NZ$1.18NZ$1.00n/a2
Jul ’25NZ$0.85
NZ$1.09
+28.2%
8.3%NZ$1.18NZ$1.00n/a2
Jun ’25NZ$0.95
NZ$1.21
+26.8%
4.6%NZ$1.26NZ$1.15n/a2
May ’25NZ$1.05
NZ$1.21
+14.8%
4.6%NZ$1.26NZ$1.15n/a2
Apr ’25NZ$1.04
NZ$1.23
+18.3%
2.4%NZ$1.26NZ$1.20n/a2
Mar ’25NZ$1.12
NZ$1.23
+9.8%
2.4%NZ$1.26NZ$1.20n/a2
Feb ’25NZ$1.18
NZ$1.26
+6.8%
4.8%NZ$1.32NZ$1.20n/a2
Jan ’25NZ$1.08
NZ$1.26
+16.7%
4.8%NZ$1.32NZ$1.20n/a2
Dec ’24NZ$1.05
NZ$1.25
+19.0%
4.0%NZ$1.30NZ$1.20NZ$0.892
Nov ’24NZ$1.08
NZ$1.25
+15.7%
4.0%NZ$1.30NZ$1.20NZ$0.932
Oct ’24NZ$1.14
NZ$1.27
+11.0%
2.8%NZ$1.30NZ$1.23NZ$0.972
Sep ’24NZ$1.15
NZ$1.27
+10.0%
2.8%NZ$1.30NZ$1.23NZ$1.002
Aug ’24NZ$1.24
NZ$1.27
+2.4%
1.6%NZ$1.29NZ$1.25NZ$1.032
Jul ’24NZ$1.12
NZ$1.22
+8.5%
4.5%NZ$1.27NZ$1.16NZ$0.852
Jun ’24NZ$1.13
NZ$1.22
+7.5%
4.5%NZ$1.27NZ$1.16NZ$0.952
May ’24NZ$1.05
NZ$1.43
+35.7%
1.8%NZ$1.45NZ$1.40NZ$1.052
Apr ’24NZ$1.07
NZ$1.43
+33.2%
1.8%NZ$1.45NZ$1.40NZ$1.042
Mar ’24NZ$1.24
NZ$1.43
+14.9%
1.8%NZ$1.45NZ$1.40NZ$1.122
Feb ’24NZ$1.34
NZ$1.46
+9.0%
0.7%NZ$1.47NZ$1.45NZ$1.182
Jan ’24NZ$1.27
NZ$1.46
+15.0%
0.7%NZ$1.47NZ$1.45NZ$1.082
Dec ’23NZ$1.29
NZ$1.46
+13.2%
0.7%NZ$1.47NZ$1.45NZ$1.052

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 05:17
End of Day Share Price 2024/12/23 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

Steel & Tube Holdings Limited is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adam IndiktCredit Suisse
Christopher ByrneDeutsche Bank
Rohan Koreman-SmitForsyth Barr Group Ltd.