BLUESCOPE STEEL LIMITED (BSL)
Share Price Analysis and Chart

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BSL

BSL - BLUESCOPE STEEL LIMITED

FNArena Sector : Steel & Scrap
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.68
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

BlueScope Steel is an Australian manufacturer of coated and painted flat steel products for the construction and engineering sector. It was de-merged from BHP and listed in 2002.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$31.92

30 Jul
2026

-0.180

OPEN

$31.85

-0.56%

HIGH

$32.07

1,320,427

LOW

$31.37

TARGET
$35.267 10.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
SGM . VSL .
FNARENA'S MARKET CONSENSUS FORECASTS
BSL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 19.1 195.1 xxx
DPS (cps) xxx 60.0 180.0 xxx
EPS Growth xxx - 89.4% 100.0% xxx
DPS Growth xxx 9.1% 100.0% xxx
PE Ratio xxx N/A 16.6 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 314.3% 92.3% xxx

Dividend yield today if purchased 3 years ago: 2.75%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.88

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 20/02 - ex-div 65.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx19.1
DPS All xxxxxxxxxxxxxxx60.0
Sales/Revenue xxxxxxxxxxxxxxx16,294.4 M
Book Value Per Share xxxxxxxxxxxxxxx2,432.2
Net Operating Cash Flow xxxxxxxxxxxxxxx1,412.9 M
Net Profit Margin xxxxxxxxxxxxxxx0.46 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx0.69 %
Return on Invested Capital xxxxxxxxxxxxxxx0.65 %
Return on Assets xxxxxxxxxxxxxxx0.47 %
Return on Equity xxxxxxxxxxxxxxx0.69 %
Return on Total Capital xxxxxxxxxxxxxxx4.89 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-66.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx146 M
Long Term Debt xxxxxxxxxxxxxxx740 M
Total Debt xxxxxxxxxxxxxxx886 M
Goodwill - Gross xxxxxxxxxxxxxxx2,447 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx858 M
Price To Book Value xxxxxxxxxxxxxxx0.95

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,233.4 M
Capex % of Sales xxxxxxxxxxxxxxx7.57 %
Cost of Goods Sold xxxxxxxxxxxxxxx14,462 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,242 M
Research & Development xxxxxxxxxxxxxxx30 M
Investments - Total xxxxxxxxxxxxxxx134 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Macquarie

02/06/2026

1

Outperform

$35.95

12.63%

Macquarie reckons the outlook for BlueScope Steel has continued to improve with stronger US steel spreads and a recent recovery in Asian spreads supporting earnings expectations.

The analyst notes North America now accounts for the majority of valuation, highlighting the strategic importance of the region.

The broker believes takeover dynamics remain unresolved following SGH's ((SGH)) "best and final" bid, with the BlueScope board continuing to assess options to maximise shareholder value.

Australian housing conditions are becoming more challenging, although the company's exposure to owner-occupied residential activity is viewed as relatively resilient.

EPS forecasts are tweaked higher for FY26 and up 6.2% for FY27. Target price rises to $35.95 from $33.80. Buy rating retained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 130.00 cents and EPS of 199.10 cents.
Macquarie forecasts a full year FY27 dividend of 130.00 cents and EPS of 200.40 cents.

Citi

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

09/03/2026

3

Neutral

$28.50

-10.71%

The BlueScope Steel board "remains open to a transaction" with SGH ((SGH))/Steel Dynamics but considers the revised proposal insufficient on both price and process grounds, outlining the conditions on which it would be prepared to engage further.

Whilst BlueScope Steel's board has now indicated willingness to engage with the consortium under certain conditions, seemingly material differences in views on valuation amidst the consortium's 'best and final' offer stance continue to cloud prospects of a successful transaction, Jarden suggests.

Target falls back to $28.50 from $30.00, Neutral retained.

FORECAST
Jarden forecasts a full year FY26 dividend of 130.00 cents and EPS of 195.00 cents.
Jarden forecasts a full year FY27 dividend of 130.00 cents and EPS of 187.60 cents.
Access Extra Coverage Research History >

BSL STOCK CHART

FNArena News on BSL

1
Rudi’s View: The August Earnings Test Is Approaching

Jul 29 2026 - Rudi's View
2
Rudi’s View: Pre-August Picks In Resources, Retail & Small Caps

Jul 23 2026 - Rudi's View
3
Next Week At A Glance – 13-17 Jul 2026

Jul 10 2026 - Weekly Reports
4
Rudi’s View: Best Buys & Conviction Calls In July

Jul 02 2026 - Rudi's View
5
Rudi’s View: When Aussie Companies Move Overseas

Jun 17 2026 - Rudi's View

Latest Steel & Scrap News

1
Sims Has Further Room To Run

Mar 25 2025 - Technicals
2
Treasure Chest: Sims

May 31 2024 - Treasure Chest
3
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
4
Short Term Pain Continues For Sims

Sep 14 2023 - Australia
5
ESG Focus: Green Steel Innovation On Fire

Jun 22 2023 - ESG Focus
6
ESG Focus: Green Steel Rolling In

Jun 15 2023 - ESG Focus
7
BlueScope Steel Undervalued?

Nov 21 2022 - Australia
8
BlueScope Steel Committed To Emissions Targets

Sep 28 2022 - ESG Focus
9
BlueScope Steel Transforms US Operations

Apr 13 2022 - Australia
10
Sims Shines In The Scrap Yard

Feb 16 2022 - Australia