BlueScope Steel Limited

OTCPK:BLSF.F Stock Report

Market Cap: US$5.2b

BlueScope Steel Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: BLSF.F ($12) is trading below our estimate of fair value ($28.48)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BLSF.F?

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

The above table shows the Price to Earnings ratio for BLSF.F. This is calculated by dividing BLSF.F's market cap by their current earnings.
What is BLSF.F's PE Ratio?
PE Ratio10.3x
EarningsAU$804.70m
Market CapAU$8.31b

Price to Earnings Ratio vs Peers

How does BLSF.F's PE Ratio compare to its peers?

The above table shows the PE ratio for BLSF.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.6x
CMC Commercial Metals
11.5x4.6%US$5.6b
TX Ternium
72.1x47.9%US$5.7b
X United States Steel
17.5x36.3%US$6.9b
ATI ATI
21.3x16.3%US$8.0b
BLSF.F BlueScope Steel
10.3x8.1%US$8.3b

Price-To-Earnings vs Peers: BLSF.F is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (30.6x).

Price to Earnings Ratio vs Industry

How does BLSF.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VITF.F Victoria Gold
2.1xn/aUS$23.43m
BMXI Brookmount Explorations
0.5xn/aUS$4.68m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
ZCRM.F Zincore Metals
0.5xn/aUS$852.33k
BLSF.F 10.3xIndustry Avg. 15.2xNo. of Companies6PE01020304050+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BLSF.F is good value based on its Price-To-Earnings Ratio (10.3x) compared to the US Metals and Mining industry average (15.2x).

Price to Earnings Ratio vs Fair Ratio

What is BLSF.F'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.

BLSF.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BLSF.F'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 BLSF.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$13.84
0%
10.3%US$15.90US$11.40n/a13
Dec ’25n/a
US$14.16
0%
9.8%US$16.31US$11.70n/a13
Nov ’25US$13.10
US$14.27
+8.9%
10.6%US$16.51US$11.64n/a13
Oct ’25US$15.32
US$14.97
-2.2%
12.6%US$17.47US$11.74n/a13
Sep ’25US$13.71
US$14.81
+8.0%
12.8%US$17.25US$11.47n/a14
Aug ’25US$15.00
US$15.23
+1.5%
14.1%US$18.65US$10.91n/a14
Jul ’25US$13.15
US$15.79
+20.1%
15.8%US$20.02US$10.98n/a14
Jun ’25n/a
US$15.86
0%
13.4%US$19.52US$10.94n/a14
May ’25n/a
US$15.52
0%
13.3%US$18.99US$10.64n/a14
Apr ’25US$15.05
US$15.12
+0.5%
11.1%US$17.19US$10.70n/a14
Mar ’25n/a
US$15.18
0%
11.4%US$17.33US$10.79n/a13
Feb ’25US$15.02
US$14.79
-1.5%
14.7%US$17.36US$10.85n/a12
Jan ’25n/a
US$14.82
0%
13.5%US$17.43US$11.06US$12.0012
Dec ’24US$13.82
US$14.38
+4.0%
14.0%US$17.14US$10.91n/a13
Nov ’24n/a
US$13.53
0%
13.9%US$16.56US$10.55US$13.1013
Oct ’24n/a
US$14.60
0%
12.5%US$17.35US$10.60US$15.3213
Sep ’24n/a
US$14.78
0%
11.2%US$17.34US$10.60US$13.7113
Aug ’24US$13.67
US$15.27
+11.7%
13.1%US$18.13US$10.07US$15.0013
Jul ’24n/a
US$14.82
0%
16.3%US$18.06US$9.63US$13.1514
Jun ’24n/a
US$14.79
0%
16.1%US$17.90US$9.55n/a14
May ’24n/a
US$14.79
0%
16.1%US$17.90US$9.55n/a14
Apr ’24US$13.01
US$13.64
+4.9%
17.0%US$17.31US$8.65US$15.0513
Mar ’24n/a
US$13.38
0%
14.4%US$16.15US$8.75n/a14
Feb ’24n/a
US$13.97
0%
13.2%US$16.94US$9.18US$15.0214
Jan ’24n/a
US$13.03
0%
12.5%US$16.13US$8.74n/a14

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/04 16:45
End of Day Share Price 2024/12/26 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

BlueScope Steel Limited is covered by 28 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Megan Kirby-LewisBarrenjoey Markets Pty Limited
April LowisBarrenjoey Markets Pty Limited
Chen JiangBofA Global Research