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

$19.94

20 Jun
2024

-0.110

OPEN

$19.88

-0.55%

HIGH

$20.12

2,389,600

LOW

$19.84

TARGET
$23.09 15.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
SGM . VSL .
FNARENA'S MARKET CONSENSUS FORECASTS
BSL: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 217.4 208.6 xxx
DPS (cps) xxx 50.0 50.0 xxx
EPS Growth xxx - 62.0% - 4.0% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 9.6 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 23.0% 24.0% xxx

Dividend yield today if purchased 3 years ago: 2.38%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.49

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: 23/02 - ex-div 25c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx217.4
DPS All xxxxxxxxxxxxxxx50.0
Sales/Revenue xxxxxxxxxxxxxxx18,174.2 M
Book Value Per Share xxxxxxxxxxxxxxx2,308.6
Net Operating Cash Flow xxxxxxxxxxxxxxx2,150.9 M
Net Profit Margin xxxxxxxxxxxxxxx5.52 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.91 %
Return on Invested Capital xxxxxxxxxxxxxxx9.35 %
Return on Assets xxxxxxxxxxxxxxx6.17 %
Return on Equity xxxxxxxxxxxxxxx9.91 %
Return on Total Capital xxxxxxxxxxxxxxx11.47 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,120.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx172 M
Long Term Debt xxxxxxxxxxxxxxx614 M
Total Debt xxxxxxxxxxxxxxx787 M
Goodwill - Gross xxxxxxxxxxxxxxx2,421 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,490 M
Price To Book Value xxxxxxxxxxxxxxx0.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx808.7 M
Capex % of Sales xxxxxxxxxxxxxxx4.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx15,539 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,283 M
Research & Development xxxxxxxxxxxxxxx29 M
Investments - Total xxxxxxxxxxxxxxx187 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

0.1

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

05/03/2024

5

Underweight

$20.00

0.30%

Morgan Stanley highlights a -27% decline in US hot rolled coil (HRC) prices has caused spreads to decline by around -46% since the beginning of 2024, and leading indicators remain soft.

The broker points out these declining spreads contrast with BlueScope Steel buoyant share price performance, and an Underweight rating is maintained.

The broker believes there is potentially -20% downside to the midpoint of management's 2H guidance for earnings (EBIT) of between $620-690m.

The $20 target is unchanged. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 50.00 cents and EPS of 218.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 50.00 cents and EPS of 137.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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BSL STOCK CHART