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

$21.15

05 Dec
2023

-0.230

OPEN

$21.22

-1.08%

HIGH

$21.37

1,309,167

LOW

$20.95

TARGET
$19.78 -6.5% downside
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 217.4 181.0 xxx
DPS (cps) xxx 50.0 50.0 xxx
EPS Growth xxx - 62.0% - 16.7% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 11.8 xxx
Dividend Yield xxx N/A 2.3% xxx
Div Pay Ratio(%) xxx 23.0% 27.6% xxx

Dividend yield today if purchased 3 years ago: 2.84%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.35

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: 12/09 - ex-div 25c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

22/11/2023

5

Underweight

$18.00

-14.89%

Morgan Stanley expects a mildly positive reaction at best to BlueScope Steel's trading update, and still anticipates a significantly tougher 2H. US spreads improved, but the East Asian spread remains well below historical averages.

Management reiterated 1H earnings (EBIT) guidance of $620-670m, though expects the top end of the range will be achieved, which compares to forecasts by the broker and consensus of $647m and $645m, respectively.

The Underweight rating and $18 target are unchanged. Industry view: In-line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 50.00 cents and EPS of 143.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 50.00 cents and EPS of 125.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

BSL STOCK CHART

FNArena News on BSL

1
Australian Broker Call *Extra* Edition – Nov 30, 2023

Nov 30 2023 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Nov 29, 2023

Nov 29 2023 - Daily Market Reports
3
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
4
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
5
Australian Broker Call *Extra* Edition – Nov 14, 2023

Nov 14 2023 - Daily Market Reports

Latest Steel & Scrap News

1
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
2
Short Term Pain Continues For Sims

Sep 14 2023 - Australia
3
ESG Focus: Green Steel Innovation On Fire

Jun 22 2023 - ESG Focus
4
ESG Focus: Green Steel Rolling In

Jun 15 2023 - ESG Focus
5
BlueScope Steel Undervalued?

Nov 21 2022 - Australia
6
BlueScope Steel Committed To Emissions Targets

Sep 28 2022 - ESG Focus
7
BlueScope Steel Transforms US Operations

Apr 13 2022 - Australia
8
Sims Shines In The Scrap Yard

Feb 16 2022 - Australia
9
Positive Trends Should Galvanise Sims

Nov 11 2021 - Australia
10
ESG Focus: Forrest’s Green Steel Plan

Jun 02 2021 - ESG Focus