BLUESCOPE STEEL LIMITED (BSL)
Share Price Analysis and Chart

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BSL - BLUESCOPE STEEL LIMITED

FNArena Sector : Steel & Scrap
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.39
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

$20.87

18 Nov
2024

-0.080

OPEN

$20.90

-0.38%

HIGH

$21.18

1,099,915

LOW

$20.81

TARGET
$22.59 8.2% upside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
SGM . VSL .
FNARENA'S MARKET CONSENSUS FORECASTS
BSL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 180.0 83.1 xxx
DPS (cps) xxx 55.0 58.8 xxx
EPS Growth xxx - 17.2% - 53.8% xxx
DPS Growth xxx 10.0% 6.8% xxx
PE Ratio xxx N/A 25.3 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 30.6% 70.7% xxx

Dividend yield today if purchased 3 years ago: 2.66%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.61

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: 10/09 - ex-div 100c (franking 30%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx180.0
DPS All xxxxxxxxxxxxxxx55.0
Sales/Revenue xxxxxxxxxxxxxxx17,055.3 M
Book Value Per Share xxxxxxxxxxxxxxx2,441.7
Net Operating Cash Flow xxxxxxxxxxxxxxx1,410.0 M
Net Profit Margin xxxxxxxxxxxxxxx4.72 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.60 %
Return on Invested Capital xxxxxxxxxxxxxxx7.21 %
Return on Assets xxxxxxxxxxxxxxx5.09 %
Return on Equity xxxxxxxxxxxxxxx7.60 %
Return on Total Capital xxxxxxxxxxxxxxx9.66 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx221.8 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx191 M
Long Term Debt xxxxxxxxxxxxxxx531 M
Total Debt xxxxxxxxxxxxxxx722 M
Goodwill - Gross xxxxxxxxxxxxxxx2,411 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,086 M
Price To Book Value xxxxxxxxxxxxxxx0.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx976.3 M
Capex % of Sales xxxxxxxxxxxxxxx5.72 %
Cost of Goods Sold xxxxxxxxxxxxxxx14,594 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,311 M
Research & Development xxxxxxxxxxxxxxx31 M
Investments - Total xxxxxxxxxxxxxxx159 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

0.5

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

30/10/2024

1

Buy

$23.75

13.80%

BlueScope Steel delivered a good old fashioned profit warning and UBS analysts point out multiple factors have been responsible, with no single driver to be held responsible, albeit North Star and BCPNA are most impacted, the report highlights.

UBS does believe BlueScope Steel is currently experiencing bottom of the cycle conditions, hence with a strong balance sheet and valuation support kicking in, the broker's Buy rating remains in place.

UBS does make a point of the fact BCPNA has been a material underperformer since the US painting acquisition, and a turnaround is considered as critical to the midstream expansion.

Price target has been increased by 25c to $23.75. Forecasts have been culled. A strong EPS recovery is still anticipated for FY26.

FORECAST
UBS forecasts a full year FY25 dividend of 60.00 cents and EPS of 0.93 cents.
UBS forecasts a full year FY26 dividend of 60.00 cents and EPS of 169.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

01/11/2024

1

Buy

$25.10

20.27%

Goldman Sachs notes BlueScope Steel has lowered its guidance due to lower-than-expected earnings recovery from weak East Asian and US steel markets.

Goldman Sachs highlights 1H25  EBIT guidance fell to $270-310m from $350-420m, impacted by subdued steel spreads and inflationary pressures in the US and East Asia.

Australian volumes remain stable, while a -$200m cost reduction program aims to mitigate rising costs. Goldman Sachs lowers EPS forecasts for FY25-26 by -16% and -5%, respectively.

Target price slips to $25.10 from $26.80. Buy rating retained.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 60.00 cents and EPS of 102.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 60.00 cents and EPS of 184.00 cents.
Access Extra Coverage Research History >

BSL STOCK CHART

FNArena News on BSL

1
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
2
Rudi’s View: Preparing For The Trump Years

Nov 13 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Nov 12, 2024

Nov 12 2024 - Daily Market Reports
4
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View
5
Rudi’s View: Mate, Where Have The Profits Gone?

Nov 06 2024 - Rudi's View

Latest Steel & Scrap News

1
Treasure Chest: Sims

May 31 2024 - Treasure Chest
2
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
3
Short Term Pain Continues For Sims

Sep 14 2023 - Australia
4
ESG Focus: Green Steel Innovation On Fire

Jun 22 2023 - ESG Focus
5
ESG Focus: Green Steel Rolling In

Jun 15 2023 - ESG Focus
6
BlueScope Steel Undervalued?

Nov 21 2022 - Australia
7
BlueScope Steel Committed To Emissions Targets

Sep 28 2022 - ESG Focus
8
BlueScope Steel Transforms US Operations

Apr 13 2022 - Australia
9
Sims Shines In The Scrap Yard

Feb 16 2022 - Australia
10
Positive Trends Should Galvanise Sims

Nov 11 2021 - Australia