NasdaqGS:ZEUS

Stock Analysis Report

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Executive Summary

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

Risk Analysis

Has a high level of debt



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

ZEUSIndustryMarket
7 Day11.5%1.1%1.8%
30 Day24.3%8.3%6.0%
90 Day46.3%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 Year42.8%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

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

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

NamePositionTenureCompensationOwnership
Michael Siegal
Executive Chairman26.83yrsUS$409.66k11.42%
$ 20.0m
Richard Marabito
CEO & Director1.83yrsUS$2.06m0.37%
$ 654.0k
David Wolfort
President & Director33.83yrsUS$1.27m3.93%
$ 6.9m
Andrew Greiff
President & COO0.83yrUS$958.15k0.081%
$ 142.5k
Richard Manson
Chief Financial Officer1.83yrsUS$993.19k0.14%
$ 241.3k
Donald McNeeley
Chairman of Chicago Tube & Iron9.33yrsUS$1.34m1.3%
$ 2.3m
Michelle Pearson-Casey
Vice President of Corporate Communications & Marketing0.83yrno datano data
Ken Sloan
Vice President of Human Resources4.75yrsno datano data
Francis Ruane
Executive Vice President of Supply Chain0.83yrno datano data
John Mooney
Managing Director of Commercialno datano datano data
Christopher Kelly
Secretaryno datano datano data
Lisa Christen
Treasurer & Corporate Controller1.83yrsno data0.0034%
$ 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

NamePositionTenureCompensationOwnership
Michael Siegal
Executive Chairman26.83yrsUS$409.66k11.42%
$ 20.0m
Richard Marabito
CEO & Director1.83yrsUS$2.06m0.37%
$ 654.0k
David Wolfort
President & Director33.83yrsUS$1.27m3.93%
$ 6.9m
Arthur Anton
Lead Independent Directorno dataUS$154.99k0.35%
$ 616.3k
Michael Rippey
Independent Director5.83yrsUS$152.49k0.12%
$ 218.0k
Idalene Kesner
Independent Director2.5yrsUS$139.99k0.042%
$ 73.6k
Dirk Kempthorne
Independent Director10.25yrsUS$147.49k0.0090%
$ 15.8k
Richard Stovsky
Director0.50yrno data0.045%
$ 79.0k
Vanessa Whiting
Independent Director1yrUS$15.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZEUSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 1994
OYSDB (Deutsche Boerse AG)YesCommon StockDEEURMar 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 00:04
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.