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ZEUS

Olympic SteelNasdaqGS:ZEUS Stock Report

Last Price

US$23.50

Market Cap

US$260.3m

7D

-9.3%

1Y

45.9%

Updated

19 Jan, 2022

Data

Company Financials +
ZEUS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends0/6

ZEUS Stock Overview

Olympic Steel, Inc. processes and distributes metal products in the United States and internationally.

Olympic Steel Competitors

Nucor

NYSE:NUE

US$28.4b

Steel Dynamics

NasdaqGS:STLD

US$11.7b

Reliance Steel & Aluminum

NYSE:RS

US$10.3b

United States Steel

NYSE:X

US$6.1b

Price History & Performance

Summary of all time highs, changes and price drops for Olympic Steel
Historical stock prices
Current Share PriceUS$23.50
52 Week HighUS$40.00
52 Week LowUS$13.38
Beta1.7
1 Month Change5.81%
3 Month Change-6.23%
1 Year Change45.87%
3 Year Change33.75%
5 Year Change2.85%
Change since IPO51.61%

Recent News & Updates

Dec 27
These 4 Measures Indicate That Olympic Steel (NASDAQ:ZEUS) Is Using Debt Extensively

These 4 Measures Indicate That Olympic Steel (NASDAQ:ZEUS) Is Using Debt Extensively

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Nov 16
Olympic Steel (NASDAQ:ZEUS) Is Looking To Continue Growing Its Returns On Capital

Olympic Steel (NASDAQ:ZEUS) Is Looking To Continue Growing Its Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...

Shareholder Returns

ZEUSUS Metals and MiningUS Market
7D-9.3%-2.3%-4.6%
1Y45.9%18.7%7.7%

Return vs Industry: ZEUS exceeded the US Metals and Mining industry which returned 18.2% over the past year.

Return vs Market: ZEUS exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is ZEUS's price volatile compared to industry and market?
ZEUS volatility
ZEUS Average Weekly Movement7.8%
Metals and Mining Industry Average Movement8.6%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: ZEUS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ZEUS's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19541,600Rick Marabitohttps://www.olysteel.com

Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.

Olympic Steel Fundamentals Summary

How do Olympic Steel's earnings and revenue compare to its market cap?
ZEUS fundamental statistics
Market CapUS$260.32m
Earnings (TTM)US$97.98m
Revenue (TTM)US$2.02b

2.7x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZEUS income statement (TTM)
RevenueUS$2.02b
Cost of RevenueUS$1.56b
Gross ProfitUS$454.61m
ExpensesUS$356.63m
EarningsUS$97.98m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)8.84
Gross Margin22.51%
Net Profit Margin4.85%
Debt/Equity Ratio75.7%

How did ZEUS perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

0.937%

Payout Ratio

Valuation

Is Olympic Steel undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ZEUS ($23.5) is trading below our estimate of fair value ($479.97)

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


Price To Earnings Ratio

PE vs Industry: ZEUS is good value based on its PE Ratio (2.7x) compared to the US Metals and Mining industry average (8.8x).

PE vs Market: ZEUS is good value based on its PE Ratio (2.7x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: ZEUS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ZEUS is good value based on its PB Ratio (0.7x) compared to the US Metals and Mining industry average (2.2x).


Future Growth

How is Olympic Steel forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-84.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZEUS's earnings are forecast to decline over the next 3 years (-84.6% per year).

Earnings vs Market: ZEUS's earnings are forecast to decline over the next 3 years (-84.6% per year).

High Growth Earnings: ZEUS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ZEUS's revenue is expected to decline over the next 3 years (-2.1% per year).

High Growth Revenue: ZEUS's revenue is forecast to decline over the next 3 years (-2.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ZEUS's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Olympic Steel performed over the past 5 years?

25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZEUS has a high level of non-cash earnings.

Growing Profit Margin: ZEUS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ZEUS has become profitable over the past 5 years, growing earnings by 25.8% per year.

Accelerating Growth: ZEUS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ZEUS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (125.5%).


Return on Equity

High ROE: ZEUS's Return on Equity (24.6%) is considered high.


Financial Health

How is Olympic Steel's financial position?


Financial Position Analysis

Short Term Liabilities: ZEUS's short term assets ($748.8M) exceed its short term liabilities ($229.4M).

Long Term Liabilities: ZEUS's short term assets ($748.8M) exceed its long term liabilities ($343.2M).


Debt to Equity History and Analysis

Debt Level: ZEUS's net debt to equity ratio (71.9%) is considered high.

Reducing Debt: ZEUS's debt to equity ratio has increased from 64.7% to 75.7% over the past 5 years.

Debt Coverage: ZEUS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ZEUS's interest payments on its debt are well covered by EBIT (19.6x coverage).


Balance Sheet


Dividend

What is Olympic Steel current dividend yield, its reliability and sustainability?

0.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ZEUS's dividend (0.34%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: ZEUS's dividend (0.34%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: ZEUS is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: ZEUS is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ZEUS is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ZEUS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Rick Marabito (57 yo)

3yrs

Tenure

US$913,611

Compensation

Mr. Richard T. Marabito, also known as Rick, has been an Independent Director at CBIZ, Inc. since August 12, 2021. He is the Director & CEO of Olympic Steel Inc since January 1, 2019. He was the Chief Fina...


CEO Compensation Analysis

Compensation vs Market: Rick's total compensation ($USD913.61K) is about average for companies of similar size in the US market ($USD1.10M).

Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ZEUS's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: ZEUS's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ZEUS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Olympic Steel, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Olympic Steel, Inc.
  • Ticker: ZEUS
  • Exchange: NasdaqGS
  • Founded: 1954
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: US$260.317m
  • Shares outstanding: 11.08m
  • Website: https://www.olysteel.com

Number of Employees


Location

  • Olympic Steel, Inc.
  • 22901 Millcreek Boulevard
  • Bedford Heights
  • Ohio
  • 44146
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:35
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.