Financials BlueScope Steel Limited

Equities

BSL

AU000000BSL0

Iron & Steel

Market Closed - Australian S.E. 02:10:43 2024-04-26 am EDT 5-day change 1st Jan Change
22.62 AUD -0.62% Intraday chart for BlueScope Steel Limited -1.48% -3.33%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,157 5,769 11,064 7,251 9,330 9,992 - -
Enterprise Value (EV) 1 5,464 5,690 9,724 6,345 8,626 9,386 9,318 8,934
P/E ratio 6.42 x 61.5 x 9.27 x 2.78 x 9.45 x 10.9 x 10.6 x 10.2 x
Yield 1.16% 1.2% 2.28% 3.14% 2.43% 2.23% 2.27% 2.26%
Capitalization / Revenue 0.49 x 0.51 x 0.86 x 0.38 x 0.51 x 0.57 x 0.57 x 0.57 x
EV / Revenue 0.43 x 0.51 x 0.75 x 0.33 x 0.47 x 0.54 x 0.53 x 0.51 x
EV / EBITDA 3.1 x 5.18 x 4.4 x 1.46 x 3.81 x 4.5 x 4.5 x 4.15 x
EV / FCF 4.22 x 22.2 x 10.7 x 3.68 x 6.44 x 18 x 28 x 9.91 x
FCF Yield 23.7% 4.5% 9.3% 27.2% 15.5% 5.56% 3.57% 10.1%
Price to Book 0.91 x 0.9 x 1.45 x 0.76 x 0.91 x 0.94 x 0.88 x 0.82 x
Nbr of stocks (in thousands) 510,923 493,494 503,806 456,026 454,001 441,743 - -
Reference price 2 12.05 11.69 21.96 15.90 20.55 22.62 22.62 22.62
Announcement Date 8/18/19 8/16/20 8/15/21 8/14/22 8/20/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,586 11,234 12,902 19,030 18,242 17,496 17,528 17,672
EBITDA 1 1,761 1,099 2,212 4,337 2,266 2,085 2,069 2,155
EBIT 1 1,348 564 1,724 3,787 1,608 1,392 1,343 1,424
Operating Margin 10.71% 5.02% 13.36% 19.9% 8.81% 7.96% 7.66% 8.06%
Earnings before Tax (EBT) 1 1,303 256.3 1,686 3,787 1,450 1,375 1,346 1,381
Net income 1 1,016 97 1,193 2,810 1,009 912.4 911.9 961.4
Net margin 8.07% 0.86% 9.25% 14.77% 5.53% 5.21% 5.2% 5.44%
EPS 2 1.876 0.1900 2.370 5.715 2.174 2.067 2.125 2.215
Free Cash Flow 1 1,294 256.2 904.8 1,726 1,340 522.2 332.6 901.7
FCF margin 10.28% 2.28% 7.01% 9.07% 7.35% 2.98% 1.9% 5.1%
FCF Conversion (EBITDA) 73.49% 23.31% 40.9% 39.81% 59.14% 25.05% 16.08% 41.85%
FCF Conversion (Net income) 127.37% 264.12% 75.82% 61.44% 132.78% 57.23% 36.47% 93.79%
Dividend per Share 2 0.1400 0.1400 0.5000 0.5000 0.5000 0.5038 0.5145 0.5109
Announcement Date 8/18/19 8/16/20 8/15/21 8/14/22 8/20/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 5,883 5,442 5,831 7,071 9,436 9,594 9,358 8,649 8,539 8,699 8,945 9,081 - -
EBITDA 1 564.3 534 772.5 1,439 2,461 1,876 1,172 1,094 1,058 1,008 - - - -
EBIT 1 302.4 262 530.6 1,193 2,204 1,583 851.1 756.6 718.4 658.3 669.9 755 - -
Operating Margin 5.14% 4.81% 9.1% 16.87% 23.36% 16.5% 9.1% 8.75% 8.41% 7.57% 7.49% 8.31% - -
Earnings before Tax (EBT) - - - - - - 811.8 - - - - - - -
Net income 1 185.8 - - - 1,644 1,167 598.9 410.3 439.3 416.5 - - - -
Net margin 3.16% - - - 17.42% 12.16% 6.4% 4.74% 5.14% 4.79% - - - -
EPS 2 0.3600 - 0.6560 - 3.291 2.424 1.282 0.8920 0.9730 0.9480 1.320 1.370 - -
Dividend per Share 2 0.0600 0.0800 0.0600 0.4400 0.2500 0.2500 0.2500 0.2500 - 0.2550 0.2500 0.2500 0.2500 0.2500
Announcement Date 2/23/20 8/16/20 2/21/21 8/15/21 2/20/22 8/14/22 2/19/23 8/20/23 2/18/24 - - - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 693 79.1 1,339 906 703 606 674 1,059
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,294 256 905 1,726 1,340 522 333 902
ROE (net income / shareholders' equity) 15.3% 5.27% 16.5% 31% 10.9% 8.78% 8.15% 8.13%
ROA (Net income/ Total Assets) 8.98% 3.04% 9.44% 18.2% 6.75% 6.83% 6.77% 6.44%
Assets 1 11,316 3,195 12,644 15,480 14,946 13,353 13,468 14,933
Book Value Per Share 2 13.30 13.00 15.20 20.90 22.60 24.20 25.80 27.60
Cash Flow per Share 2 3.110 1.610 3.260 5.030 4.600 3.440 3.650 4.140
Capex 1 388 562 753 746 809 1,081 1,316 915
Capex / Sales 3.08% 5% 5.84% 3.92% 4.43% 6.18% 7.51% 5.18%
Announcement Date 8/18/19 8/16/20 8/15/21 8/14/22 8/20/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
22.62 AUD
Average target price
24.11 AUD
Spread / Average Target
+6.59%
Consensus
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  4. Financials BlueScope Steel Limited