Olympic Steel
Market Cap
US$175.0m
Last Updated
2020/11/25 00:04 UTC
Data Sources
Company Financials
Executive Summary
Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. More Details
Snowflake Analysis
Adequate balance sheet and overvalued.
Similar Companies
Share Price & News
How has Olympic Steel's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ZEUS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: ZEUS's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
11.5%
ZEUS
1.1%
US Metals and Mining
1.8%
US Market
1 Year Return
-4.7%
ZEUS
29.9%
US Metals and Mining
20.4%
US Market
Return vs Industry: ZEUS underperformed the US Metals and Mining industry which returned 29.9% over the past year.
Return vs Market: ZEUS underperformed the US Market which returned 20.4% over the past year.
Shareholder returns
| ZEUS | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.5% | 1.1% | 1.8% |
| 30 Day | 24.3% | 8.3% | 6.0% |
| 90 Day | 46.3% | 10.9% | 6.8% |
| 1 Year | -4.1%-4.7% | 32.8%29.9% | 23.2%20.4% |
| 3 Year | -17.0%-18.3% | 27.0%18.5% | 47.4%37.6% |
| 5 Year | 42.8%39.5% | 137.9%115.3% | 91.9%70.8% |
Long-Term Price Volatility Vs. Market
How volatile is Olympic Steel's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
What Olympic Steel's (NASDAQ:ZEUS) Returns On Capital Can Tell Us1 month ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Olympic Steel, Inc.'s (NASDAQ:ZEUS) Shares?2 months ago | Simply Wall St
Olympic Steel's(NASDAQ:ZEUS) Share Price Is Down 36% Over The Past Three Years.Valuation
Is Olympic Steel undervalued compared to its fair value and its price relative to the market?
0.59x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: ZEUS ($15.8) is trading above our estimate of fair value ($1.22)
Significantly Below Fair Value: ZEUS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ZEUS is unprofitable, so we can't compare its PE Ratio to the US Metals and Mining industry average.
PE vs Market: ZEUS is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ZEUS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ZEUS is good value based on its PB Ratio (0.6x) compared to the US Metals and Mining industry average (1.7x).
Next Steps
Future Growth
How is Olympic Steel forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
26.7%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Olympic Steel has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Olympic Steel's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Materials industry.
Past Performance
How has Olympic Steel performed over the past 5 years?
38.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ZEUS is currently unprofitable.
Growing Profit Margin: ZEUS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ZEUS is unprofitable, but has reduced losses over the past 5 years at a rate of 38.5% per year.
Accelerating Growth: Unable to compare ZEUS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ZEUS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-12.4%).
Return on Equity
High ROE: ZEUS has a negative Return on Equity (-2.77%), as it is currently unprofitable.
Next Steps
Financial Health
How is Olympic Steel's financial position?
Financial Position Analysis
Short Term Liabilities: ZEUS's short term assets ($394.7M) exceed its short term liabilities ($96.5M).
Long Term Liabilities: ZEUS's short term assets ($394.7M) exceed its long term liabilities ($224.0M).
Debt to Equity History and Analysis
Debt Level: ZEUS's debt to equity ratio (59.3%) is considered high.
Reducing Debt: ZEUS's debt to equity ratio has reduced from 72% to 59.3% over the past 5 years.
Debt Coverage: ZEUS's debt is well covered by operating cash flow (33.2%).
Interest Coverage: Insufficient data to determine if ZEUS's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Olympic Steel current dividend yield, its reliability and sustainability?
0.51%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ZEUS's dividend (0.51%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: ZEUS's dividend (0.51%) is low compared to the top 25% of dividend payers in the US market (4.05%).
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?
1.8yrs
Average management tenure
CEO
Rick Marabito (56 yo)
1.83yrs
Tenure
US$2,055,820
Compensation
Mr. Richard T. Marabito, also known as Rick, is the Director & CEO of Olympic Steel Inc since January 1, 2019.He was the Chief Financial Officer of Olympic Steel Inc. from March 2000 to January 1 2019. Mr....
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD2.06M) is above average for companies of similar size in the US market ($USD1.10M).
Compensation vs Earnings: Rick's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 26.83yrs | US$409.66k | 11.42% $ 20.0m | |
| CEO & Director | 1.83yrs | US$2.06m | 0.37% $ 654.0k | |
| President & Director | 33.83yrs | US$1.27m | 3.93% $ 6.9m | |
| President & COO | 0.83yr | US$958.15k | 0.081% $ 142.5k | |
| Chief Financial Officer | 1.83yrs | US$993.19k | 0.14% $ 241.3k | |
| Chairman of Chicago Tube & Iron | 9.33yrs | US$1.34m | 1.3% $ 2.3m | |
| Vice President of Corporate Communications & Marketing | 0.83yr | no data | no data | |
| Vice President of Human Resources | 4.75yrs | no data | no data | |
| Executive Vice President of Supply Chain | 0.83yr | no data | no data | |
| Managing Director of Commercial | no data | no data | no data | |
| Secretary | no data | no data | no data | |
| Treasurer & Corporate Controller | 1.83yrs | no data | 0.0034% $ 5.9k |
1.8yrs
Average Tenure
62.5yo
Average Age
Experienced Management: ZEUS's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 26.83yrs | US$409.66k | 11.42% $ 20.0m | |
| CEO & Director | 1.83yrs | US$2.06m | 0.37% $ 654.0k | |
| President & Director | 33.83yrs | US$1.27m | 3.93% $ 6.9m | |
| Lead Independent Director | no data | US$154.99k | 0.35% $ 616.3k | |
| Independent Director | 5.83yrs | US$152.49k | 0.12% $ 218.0k | |
| Independent Director | 2.5yrs | US$139.99k | 0.042% $ 73.6k | |
| Independent Director | 10.25yrs | US$147.49k | 0.0090% $ 15.8k | |
| Director | 0.50yr | no data | 0.045% $ 79.0k | |
| Independent Director | 1yr | US$15.00k | no data |
4.2yrs
Average Tenure
63yo
Average Age
Experienced Board: ZEUS's board of directors are considered experienced (4.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Olympic Steel, Inc.
- Ticker: ZEUS
- Exchange: NasdaqGS
- Founded: 1954
- Industry: Steel
- Sector: Materials
- Market Cap: US$174.983m
- Shares outstanding: 11.07m
- Website: https://www.olysteel.com
Number of Employees
Location
- Olympic Steel, Inc.
- 5096 Richmond Road
- Bedford Heights
- Ohio
- 44146
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ZEUS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Mar 1994 |
| OYS | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1994 |
Biography
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 P...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/25 00:04 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.