Steel & Tube Holdings Limited

NZSE:STU Stock Report

Market Cap: NZ$148.0m

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$0.88) 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 Ratio56.1x
EarningsNZ$2.64m
Market CapNZ$148.00m

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 Average16x
OAJ Fortress Minerals
9.7x13.3%S$128.2m
VRAJ Vraj Iron and Steel
14.8xn/a₹7.0b
ISMQ Iron & Steel for Mines & Quarries
32.7xn/aج.م4.1b
5922 Nasu Denki-Tekko
6.7xn/aJP¥13.5b
STU Steel & Tube Holdings
56.1x58.0%NZ$148.0m

Price-To-Earnings vs Peers: STU is expensive based on its Price-To-Earnings Ratio (56.1x) compared to the peer average (16.1x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
STU 56.1xIndustry Avg. 12.0xNo. of Companies13PE01224364860+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: STU is expensive based on its Price-To-Earnings Ratio (56.1x) compared to the Oceanic Metals and Mining industry average (12x).

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 Ratio56.1x
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$0.88
NZ$1.13
+28.1%
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$1.20n/a2
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
Nov ’23NZ$1.30
NZ$1.54
+18.1%
5.5%NZ$1.62NZ$1.45NZ$1.082

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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