BlueScope Steel Limited (BSL) Report Analysis
Corporate Events
BlueScope Steel Limited Kicks Off a Master Plan for its Excess Landholdings at Port Kembla
2022-06-21 22:25:00
BlueScope announced it has appointed Bjarke Ingels Group, to develop a Master Plan for the Company's 200 hectares (approximately 500 acres) of excess landholdings adjacent to the Port Kembla Steelworks. BlueScope is approaching its 100-year anniversary at Port Kembla in 2028 and is now looking to chart a course for the next 100 years.
BlueScope Steel Seeks Acquisitions
2022-05-18 14:05:00
BlueScope Steel Limited (ASX:BSL) is looking for acquisitions. Chief Financial Officer, Tania Archibald, said "we'll continue to look for bolt-on M&A opportunities as they arise. But again, it needs to be basically anything that we can feed into the North Star asset".
BlueScope Steel Limited Announces Resignation of Mark Hutchinson from the Company's Board
2022-05-17 22:22:00
BlueScope Steel Limited announced that Non-Executive Director, Mr. Mark Hutchinson, has resigned from the Company's Board effective 17 May 2022 to take up an executive role at another organisation.
BlueScope Steel Limited Presents at Bank of America 2022 Global Metals, Mining and Steel Conference, May-18-2022 10:05 AM
2022-05-13 04:46:00
BlueScope Steel Limited Presents at Bank of America 2022 Global Metals, Mining and Steel Conference, May-18-2022 10:05 AM. Venue: Miami, Florida, United States. Speakers: Tania J. Archibald, Chief Financial Officer.
BlueScope Steel Limited, Cornerstone Building Brands, Inc. - M&A Call
2022-04-10 22:28:00
To discuss BlueScope's binding agreement to acquire the Coil Coatings business from Cornerstone Building Brands, Inc for $500 million, subject to customary adjustments
BlueScope Steel Limited (ASX:BSL) entered into a binding agreement to acquire Coil Coatings Business of Cornerstone Building Brands, Inc. (NYSE:CNR) for $500 million.
2022-04-10 00:00:00
BlueScope Steel Limited (ASX:BSL) entered into a binding agreement to acquire Coil Coatings Business of Cornerstone Building Brands, Inc. (NYSE:CNR) for $500 million on April 10, 2022. The consideration is subject to customary adjustments. Following completion, Cornerstone Building Brands will remain a key customer of the business. The acquisition will be fully funded from cash on the balance sheet. For the twelve months ended December 31, 2021, the coil coatings business had net sales of approximately $214.9 million. The transaction subject to regulatory approval and other customary closing conditions. The transaction is targeted for completion in calendar year 2022. The acquisition will be immediately accretive to earnings per share. Credit Suisse is acting as financial adviser to BlueScope on the acquisition. Rothschild & Co served as the exclusive financial advisor, Sullivan & Cromwell LLP served as legal counsel, and Alvarez & Marsal Transaction Advisory Group, LLC served as accounting advisor to Cornerstone Building Brands for this transaction.
Tranche Update on BlueScope Steel Limited (ASX:BSL)'s Equity Buyback Plan announced on August 16, 2021.
2022-02-21 08:00:00
From August 16, 2021 to December 31, 2021, the company has repurchased 13,594,756 shares, representing 2.7% for AUD 284.67 million. With this, the company has completed the repurchase of 13,594,756 shares, representing 2.7% for AUD 284.67 million under the buyback announced on August 16, 2021.
BlueScope Steel Limited announces an Increase in Equity Buyback.
2022-02-21 00:00:00
On February 21, 2022, the company announced an increase in its equity buyback plan. The company increased its authorization by AUD 484.97 million, thereby bringing its remaining authorization to AUD 700 million. The company also announced that it has extended its plan duration till February 28, 2023.
BlueScope Steel Limited Appoints ZhiQiang Zhang as Director
2022-01-03 22:12:00
BlueScope Steel Limited announced the appointment of ZhiQiang Zhang as director. Date of appointment is 1 January 2022.
BlueScope Steel Limited Appoints K'lynne Johnson as Director
2022-01-03 22:11:00
BlueScope Steel Limited announced the appointment of K'lynne Johnson as director. Date of appointment is 1 January 2022.
Bank of America Corporation, Bank of America 2022 Global Metals, Mining and Steel Conference, May 17, 2022 through May 19, 2022
2021-12-22 06:08:00
Bank of America Corporation, Bank of America 2022 Global Metals, Mining and Steel Conference, May 17, 2022 through May 19, 2022. Venue: Miami, Florida, United States.
BlueScope Steel Limited (ASX:BSL) completed the acquisition of Ferrous scrap steel recycling business from MetalX LLC.
2021-12-17 00:00:00
BlueScope Steel Limited (ASX:BSL) entered into a binding agreement to acquire Ferrous scrap steel recycling business from MetalX LLC for $240 million on November 4, 2021. As per the transaction, BlueScope Steel Limited will acquire two of MetalX’s operating sites which are located in Indiana and in Ohio, immediately adjacent to the North Star facility in Delta. The transaction is on a cash free and debt free basis and includes working capital. The MetalX ferrous assets will operate under the new name BlueScope Recycling and Materials. As a part of the transaction, MetalX ferrous team will join BlueScope Steel Limited. The acquisition is expected to complete by end of December 2021. BlueScope Steel Limited (ASX:BSL) completed the acquisition of Ferrous scrap steel recycling business from MetalX LLC on December 17, 2021.
BlueScope Steel Limited (ASX:BSL) entered into a binding agreement to acquire Ferrous scrap steel recycling business from MetalX LLC for $240 million.
2021-11-04 00:00:00
BlueScope Steel Limited (ASX:BSL) entered into a binding agreement to acquire Ferrous scrap steel recycling business from MetalX LLC for $240 million on November 4, 2021. As per the transaction, BlueScope Steel Limited will acquire two of MetalX’s operating sites which are located in Indiana and in Ohio, immediately adjacent to the North Star facility in Delta. The transaction is on a cash free and debt free basis and includes working capital. The MetalX ferrous assets will operate under the new name BlueScope Recycling and Materials. As a part of the transaction, MetalX ferrous team will join BlueScope Steel Limited. The acquisition is expected to complete by end of December 2021.
Rio Tinto and BlueScope to Explore Low Carbon-Steelmaking Pathways
2021-10-28 22:01:00
Rio Tinto and BlueScope will work together to explore low-carbon steelmaking pathways using Pilbara iron ores, including the use of clean hydrogen to replace coking coal at BlueScope’s Port Kembla Steelworks. The two companies have signed a Memorandum of Understanding (MOU) to research and design low-emissions processes for the steel value chain, including iron ore processing, iron and steelmaking and related technologies. Rio Tinto and BlueScope will prioritise studying the use of green hydrogen at the Port Kembla Steelworks in Australia to directly reduce Pilbara iron ores into a product that could then be processed in an electric melter to produce metallic iron suitable to be finished into steel. The MOU expands the partnership between the two companies, who were already jointly studying technology to reduce carbon emissions from existing iron and steelmaking processes. It will also allow more projects to be added as technologies mature. The new collaboration will focus on utilising green hydrogen for direct reduction of Rio Tinto’s Pilbara iron ores, which will then be fed into a melter. The first phase of the collaboration will be to determine the scale of a pilot plant to be based at the Port Kembla steelworks, consisting of a hydrogen electrolyser, direct reduction process and melter.
BlueScope Announces Board Changes
2021-10-21 00:00:00
BlueScope announced the appointment of two new internationally based independent Non-executive directors, Ms. K'Lynne Johnson and Mr. Zhi-Qiang Zhang, with effect from 1 January 2022. Ms Johnson brings to the Board relevant experience in the areas of technological lead transformation, sustainability, renewables, human resources, customers and innovation. She also brings traditional high capital-intensive sector experience. Ms Johnson has significant Board experience and is currently on the Boards of two companies listed on the NYSE. Previously she was an executive in the specialty and commodity chemicals industry for over 25 years including most recently as President and Chief Executive Officer of Elevance Renewable Sciences and as Senior Vice President over multiple global business in BP Chemical. Her industry experience has included working in early stage sustainability-driven ventures as well as in more mature businesses. Ms Johnson has had a global career with extensive knowledge of the US market and has spent significant time in Asia. Mr. Zhang has a background in blue-chip manufacturing and product development, including industrial digitisation and robotics. Having worked in asset-heavy industrials for most of his career, Mr. Zhang has deep sector knowledge in automotive and machine tools, telecommunications and infrastructure. Mr. Zhang has extensive business and leadership experience at the senior executive level including over 25 years at Siemens, with his last role as President & Chief Executive Officer, Greater China Region, Nokia Siemens Networks, and more recently as Group Senior Vice President & President ABB China for ABB ASEA Brown Boveri. He also brings to the Board a deep understanding of the China market and insight into areas of impact and growth. At last year's AGM, Ms Penny Bingham-Hall agreed to stand for re-election for a fourth term whilst the Board progressed Board renewal, which had been delayed as a consequence of COVID-19 restrictions in place . At the time, Ms Bingham-Hall advised that she intended to serve no longer than 12 months following the AGM. Accordingly, in view of the appointments announced, Ms Bingham-Hall will now retire from the Board effective 31 October 2021.
BlueScope Steel Limited - Shareholder/Analyst Call
2021-09-20 22:35:00
Annual General Meeting
BlueScope Steel Limited Presents at Credit Suisse 2021 Global Steel and Mining Conference, Sep-08-2021
2021-09-06 07:34:00
BlueScope Steel Limited Presents at Credit Suisse 2021 Global Steel and Mining Conference, Sep-08-2021 . Speakers: Chris Gibbs, Investor Relations Manager, Donald Watters, Treasurer & Head of Investor Relations, Mark Scicluna, VP Commercial & Planning, Tania J. Archibald, Chief Financial Officer.
Macquarie Group Limited, Australia and New Zealand Corporate Day, Sep 01, 2021 through Sep 02, 2021
2021-08-31 02:43:00
Macquarie Group Limited, Australia and New Zealand Corporate Day, Sep 01, 2021 through Sep 02, 2021. Venue: Hong Kong, Hong Kong.
BlueScope Steel Limited Presents at Australia and New Zealand Corporate Day, Sep-01-2021
2021-08-31 02:43:00
BlueScope Steel Limited Presents at Australia and New Zealand Corporate Day, Sep-01-2021 . Venue: Hong Kong, Hong Kong.
BlueScope Steel Limited Presents at 34th Annual Basic Materials Conference, Sep-14-2021
2021-08-24 20:37:00
BlueScope Steel Limited Presents at 34th Annual Basic Materials Conference, Sep-14-2021 . Venue: New York City, New York, United States. Speakers: Chris Gibbs, Investor Relations Manager, Donald Watters, Treasurer & Head of Investor Relations, Mark Scicluna, VP Commercial & Planning, Mark Royce Vassella, MD, CEO & Executive Director, Tania J. Archibald, Chief Financial Officer.
BlueScope Steel Limited, 0.19 (AUD), Cash Dividend, Sep-07-2021
2021-08-19 00:00:00
BlueScope Steel Limited, 0.19 (AUD), Cash Dividend, Sep-07-2021
BlueScope Steel Limited (ASX:BSL) announces an Equity Buyback for AUD 500 million worth of its shares.
2021-08-16 07:04:00
BlueScope Steel Limited (ASX:BSL) announces a share repurchase program. Under the program, the company will repurchase up to AUD 500 million worth of its ordinary shares. The purpose of the program is to supplement the payment of consistent dividends, given the flexibility they provide in managing capital and for the EPS enhancement they can deliver. The share repurchase program is valid till August 29, 2022. As of August 16, 2021, the company has 503,806,240 shares in issue.
BlueScope Steel Limited authorizes a Buyback Plan.
2021-08-16 00:00:00
The Board of Directors of BlueScope Steel Limited has authorized a buyback plan on August 16, 2021.
BlueScope Steel Limited, 0.25 (AUD), Cash Dividend, Sep-07-2021
2021-08-16 00:00:00
BlueScope Steel Limited, 0.25 (AUD), Cash Dividend, Sep-07-2021
BlueScope Steel Limited Announces Dividend for the Six Months Ended June 30, 2021, Payable on October 13, 2021
2021-08-15 22:10:00
BlueScope Steel Limited announced a dividend of AUD 0.44000000 per ordinary full paid security for the six months ended June 30, 2021, payable on October 13, 2021. Record date is September 8, 2021 and Ex-date is September 7, 2020.
BlueScope Steel Limited, 2021 Earnings Call, Aug 16, 2021
2021-08-15 19:10:00
BlueScope Steel Limited, 2021 Earnings Call, Aug 16, 2021
BlueScope Steel Limited Provides Earnings Guidance for the Second Half and for Fiscal Year 2021
2021-07-26 23:12:00
BlueScope Steel Limited provided earnings guidance for the second half and for fiscal year 2021. For the year, the company expects preliminary unaudited underlying earnings before interest and tax (EBIT) for FY2021 to be approximately $1.72 billion.The second half contribution is expected to be approximately $1.19 billion, compared to prior guidance of $1.0 billion to $1.08 billion.
Fundamental Summary
BlueScope Steel's recently released results from Q2 indicate that BlueScope Steel is performing reasonably well and on par with its peers. It is highly likely that the company will be mostly tethered to market performance and sector movements for the near term. Bottom line, BlueScope Steel's financials indicate solid performance in terms of value and growth, which leads us to believe that they may become interesting again in the next few months. But for right now, we gave the company an overall grade of 72 and a HOLD recommendation.
BlueScope Steel announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was AUD 12,902.2 million compared to AUD 11,324.2 million a year ago. Net income was AUD 1,193.3 million compared to AUD 96.5 million a year ago.
Sector Overview
BlueScope Steel is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. BlueScope Steel's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | -20.5 | -1130.2% | 66 | |
| Net Cashflow | -78.1 | 32.5% | 48 | |
| Capital Expenditure | -348.7 | -23.2% | 56 | |
| Asset Turnover | 1.1 | 0.2% | 70 | |
| Free Cashflow | -1.2 | -61.8% | 47 |
* All values are TTM
The below chart reflects BlueScope Steel's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While BlueScope Steel's peer average final assessment score stands on 70.0, BlueScope Steel's score is 72.
- BSL
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. BlueScope Steel's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), BlueScope Steel's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.
5D MA
15.86
50D MA
18.31
200D MA
19.99
MACD
-0.74
RSI
2.58
STOCH
23.46
Balance Sheet Analysis
Two main balance sheet metrics are driving the positive outlook for BlueScope Steel's financial strength going forward. BlueScope Steel's management was effective in improving its cash and cash equivalents metrics, which now sit at 172.2. This represents 99.3% change from the last reporting period. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Therefore, its cash and cash equivalents movement earned a score of 90. Also, BlueScope Steel produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. BlueScope Steel's equity was reported as 4308.8, which represents a -20.5% change from the last report. Companies in the same sector and market capitalization will usually be affected by up to 5.4 percent by this parameter. These metrics are all the more impressive relative to their peers and should support an upswing in their stock price. Consequently, their equity movement received a grade of 87. That said, one metric, Liabilities, stood out as particularly concerning. At filing, BlueScope Steel's liabilities were 3396.9, representing a 17.1% change from the previous period. BlueScope Steel's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Its liabilities movement component, therefore, received a grade of 64. Their balance sheet received an overall score of 85.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 7,793.0 | -7.3% | 75 |
| Liabilities | 3,396.9 | 17.1% | 64 |
| Price to Book | 0.5 | -32.6% | 68 |
| Cash & Equivalents | 172.2 | 99.3% | 90 |
| Equity | 4,308.8 | -20.5% | 87 |
The below chart describes BlueScope Steel's performance as reflected on its balance sheet with respect to its peers. While BlueScope Steel received a balance sheet score of 85, the average of its peers stands on 72.0.
- BSL
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 74 | 92 | 47 | 52 | 76 | 58 | 0 | 1 |
| Fortescue Metals Group Limited | 55.0B | 83 | 66 | 68 | 55 | 69 | 65 | 1 | 1 |
| Newcrest Mining Limited | 19.4B | 85 | 72 | 46 | 46 | 73 | 52 | 2 | 1 |
| South32 Limited | 18.7B | 74 | 73 | 80 | 79 | 74 | 84 | 3 | 1 |
| Mineral Resources Limited | 9.2B | 83 | 73 | 52 | 42 | 90 | 55 | 4 | 1 |
| Lynas Rare Earths Limited | 8.3B | 74 | 59 | 77 | 62 | 68 | 70 | 5 | 1 |
| Northern Star Resources Limited | 8.2B | 87 | 70 | 56 | 48 | 65 | 56 | 6 | 1 |
| IGO Limited | 7.8B | 43 | 37 | 80 | 42 | 63 | 50 | 7 | 1 |
| Pilbara Minerals Limited | 6.9B | 87 | 59 | 81 | 87 | 56 | 86 | 8 | 1 |
| Allkem Limited | 6.9B | 53 | 64 | 44 | 65 | 89 | 57 | 9 | 1 |
| OZ Minerals Limited | 6.2B | 87 | 72 | 72 | 69 | 72 | 74 | 10 | 1 |
| Evolution Mining Limited | 4.8B | 47 | 57 | 76 | 96 | 54 | 82 | 11 | 1 |
| Alumina Limited | 4.4B | 51 | 69 | 50 | 46 | 84 | 50 | 12 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 81 | 62 | 51 | 97 | 87 | 84 | 13 | 1 |
| Iluka Resources Limited | 3.9B | 76 | 66 | 87 | 69 | 53 | 77 | 14 | 1 |
| Andean Resources Ltd. | 3.7B | 70 | 37 | 60 | 97 | 92 | 86 | 15 | 1 |
| Coronado Global Resources Inc. | 2.9B | 44 | 56 | 87 | 85 | 71 | 83 | 16 | 1 |
| Nickel Industries Limited | 2.8B | 41 | 44 | 72 | 50 | 70 | 54 | 17 | 1 |
| AVZ Minerals Limited | 2.8B | 99 | 56 | 82 | 98 | 66 | 95 | 18 | 1 |
| Sims Limited | 2.7B | 85 | 72 | 83 | 49 | 57 | 68 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 80 | 69 | 68 | 76 | 73 | 77 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 43 | 55 | 82 | 97 | 37 | 81 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 81 | 70 | 73 | 82 | 66 | 81 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 99 | 79 | 61 | 75 | 68 | 77 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 41 | 64 | 87 | 87 | 73 | 82 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 37 | 55 | 82 | 94 | 66 | 83 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 98 | 78 | 39 | 46 | 89 | 54 | 26 | 1 |
| Grange Resources Limited | 1.5B | 54 | 70 | 51 | 71 | 92 | 65 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 69 | 59 | 81 | 91 | 65 | 86 | 28 | 1 |
| West African Resources Limited | 1.3B | 92 | 56 | 81 | 92 | 42 | 87 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 69 | 62 | 62 | 71 | 57 | 66 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 44 | 49 | 79 | 69 | 48 | 66 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 83 | 72 | 56 | 65 | 60 | 64 | 32 | 1 |
| Lake Resources NL | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 34 | 1 |
| Regis Resources Limited | 1.1B | 77 | 74 | 51 | 48 | 63 | 53 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 97 | 54 | 82 | 97 | 39 | 88 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 44 | 83 | 54 | 45 | 37 | 47 | 37 | 1 |
| ioneer Ltd | 867.9M | 98 | 56 | 80 | 86 | 52 | 85 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 63 | 75 | 38 | 46 | 94 | 49 | 39 | 1 |
| Equigold NL | 854.0M | 57 | 46 | 86 | 50 | 45 | 50 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 67 | 41 | 78 | 48 | 49 | 56 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 39 | 53 | 80 | 74 | 41 | 67 | 42 | 1 |
| Jervois Global Limited | 813.1M | 71 | 71 | 44 | 94 | 95 | 78 | 43 | 1 |
| Mincor Resources NL | 808.9M | 83 | 78 | 43 | 62 | 56 | 62 | 44 | 1 |
| Imdex Limited | 796.9M | 59 | 69 | 83 | 61 | 75 | 71 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 96 | 56 | 81 | 87 | 42 | 84 | 46 | 1 |
| St Barbara Limited | 701.5M | 80 | 69 | 51 | 49 | 61 | 53 | 47 | 1 |
| Emerald Resources NL | 679.4M | 51 | 58 | 80 | 51 | 57 | 60 | 48 | 1 |
| Red 5 Limited | 671.6M | 49 | 45 | 39 | 55 | 96 | 47 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 85 | 79 | 39 | 60 | 87 | 60 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 94 | 76 | 39 | 41 | 74 | 48 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 77 | 65 | 55 | 47 | 73 | 54 | 52 | 1 |
| OM Holdings Limited | 563.6M | 84 | 69 | 84 | 81 | 50 | 84 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 44 | 69 | 55 | 46 | 84 | 51 | 54 | 1 |
| Neometals Ltd | 531.9M | 97 | 77 | 46 | 50 | 97 | 60 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 78 | 74 | 55 | 64 | 78 | 66 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 78 | 74 | 55 | 64 | 78 | 66 | 57 | 1 |
| Perenti Global Limited | 461.4M | 68 | 71 | 51 | 61 | 74 | 60 | 58 | 1 |
| Champion Iron Limited | 441.1M | 66 | 49 | 73 | 47 | 67 | 58 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 78 | 75 | 43 | 58 | 85 | 58 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 75 | 72 | 56 | 67 | 67 | 65 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 45 | 56 | 83 | 88 | 40 | 78 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 78 | 74 | 55 | 64 | 78 | 66 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 78 | 74 | 55 | 64 | 78 | 66 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 63 | 93 | 46 | 52 | 80 | 66 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 78 | 74 | 55 | 64 | 78 | 66 | 66 | 1 |
| Talga Group Ltd | 359.9M | 90 | 78 | 38 | 45 | 95 | 53 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 86 | 73 | 58 | 67 | 82 | 71 | 68 | 1 |
| Metals X Limited | 344.8M | 90 | 77 | 50 | 67 | 80 | 68 | 69 | 1 |
| Pantoro Limited | 330.8M | 78 | 74 | 55 | 64 | 78 | 66 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 85 | 69 | 59 | 60 | 72 | 65 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 47 | 61 | 72 | 78 | 44 | 68 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 78 | 74 | 55 | 64 | 78 | 66 | 73 | 1 |
| Firefinch Limited | 236.2M | 78 | 74 | 55 | 64 | 78 | 66 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 78 | 74 | 55 | 64 | 78 | 66 | 75 | 1 |
Income Statement Analysis
BlueScope Steel appears likely to maintain its strong income statement metrics, especially Revenue Efficiency and EBITDA. BlueScope Steel's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 6.0%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. Consequently, their revenue efficiency received a grade of 86. Also, BlueScope Steel's management was effective in improving its EBIDTA, which now sits at 141.2 and represents a -71.5% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 6.1%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their EBITDA movement received a grade of 71. On the other hand, Return Factors, jumped out as looking problematic. In this filing, BlueScope Steel reported a return on equity (ROE) ratio of -20.5, which represents a growth of -1130.2%. This metric might have a 13.5 percent impact on companies in the same industry and with the same market capitalization. The company's return factor metrics return on equity and return on assets are even more concerning when compared to their peers. Its return factors (ROA & ROE) components, therefore, received a grade of 66. Consequently, the companie's income statement earned a rank of 72.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 141.2 | -71.5% | 71 |
| Total Revenues | 9,153.1 | 0.1% | 86 |
| Return on Equity | -20.5 | -1130.2% | 66 |
The below chart describes BlueScope Steel's performance as reflected on its income statement with respect to its peers. While BlueScope Steel received a income statement score of 72 , the average of its peers stands on 68.0.
- BSL
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 64 | 79 | 79 | 71 | 0 | 1 |
| Fortescue Metals Group Limited | 55.0B | 58 | 78 | 75 | 67 | 1 | 1 |
| Newcrest Mining Limited | 19.4B | 95 | 45 | 48 | 66 | 2 | 1 |
| South32 Limited | 18.7B | 47 | 94 | 95 | 72 | 3 | 1 |
| Mineral Resources Limited | 9.2B | 94 | 42 | 44 | 63 | 4 | 1 |
| Lynas Rare Earths Limited | 8.3B | 50 | 91 | 83 | 69 | 5 | 1 |
| Northern Star Resources Limited | 8.2B | 48 | 66 | 68 | 56 | 6 | 1 |
| IGO Limited | 7.8B | 98 | 72 | 48 | 78 | 7 | 1 |
| Pilbara Minerals Limited | 6.9B | 38 | 96 | 96 | 69 | 8 | 1 |
| Allkem Limited | 6.9B | 46 | 75 | 74 | 61 | 9 | 1 |
| OZ Minerals Limited | 6.2B | 48 | 82 | 82 | 66 | 10 | 1 |
| Evolution Mining Limited | 4.8B | 94 | 46 | 43 | 64 | 11 | 1 |
| Alumina Limited | 4.4B | 87 | 73 | 76 | 79 | 12 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 39 | 88 | 45 | 61 | 13 | 1 |
| Iluka Resources Limited | 3.9B | 50 | 62 | 89 | 60 | 14 | 1 |
| Andean Resources Ltd. | 3.7B | 37 | 89 | 91 | 97 | 15 | 1 |
| Coronado Global Resources Inc. | 2.9B | 39 | 98 | 97 | 74 | 16 | 1 |
| Nickel Industries Limited | 2.8B | 66 | 61 | 55 | 60 | 17 | 1 |
| AVZ Minerals Limited | 2.8B | 87 | 63 | 41 | 68 | 18 | 1 |
| Sims Limited | 2.7B | 45 | 90 | 92 | 69 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 94 | 50 | 52 | 68 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 87 | 78 | 91 | 84 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 42 | 88 | 83 | 65 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 45 | 83 | 66 | 61 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 64 | 73 | 74 | 69 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 87 | 47 | 81 | 70 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 99 | 65 | 76 | 81 | 26 | 1 |
| Grange Resources Limited | 1.5B | 74 | 61 | 61 | 64 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 37 | 98 | 97 | 69 | 28 | 1 |
| West African Resources Limited | 1.3B | 43 | 84 | 63 | 59 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 95 | 42 | 41 | 63 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 44 | 45 | 76 | 47 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 94 | 48 | 49 | 67 | 32 | 1 |
| Lake Resources NL | 1.2B | 87 | 62 | 66 | 73 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 87 | 62 | 66 | 73 | 34 | 1 |
| Regis Resources Limited | 1.1B | 65 | 50 | 45 | 53 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 87 | 63 | 68 | 77 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 74 | 37 | 56 | 58 | 37 | 1 |
| ioneer Ltd | 867.9M | 87 | 55 | 60 | 69 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 38 | 67 | 62 | 50 | 39 | 1 |
| Equigold NL | 854.0M | 79 | 44 | 91 | 65 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 94 | 51 | 48 | 68 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 87 | 67 | 84 | 78 | 42 | 1 |
| Jervois Global Limited | 813.1M | 37 | 94 | 93 | 71 | 43 | 1 |
| Mincor Resources NL | 808.9M | 98 | 57 | 59 | 77 | 44 | 1 |
| Imdex Limited | 796.9M | 77 | 60 | 56 | 56 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 87 | 44 | 83 | 69 | 46 | 1 |
| St Barbara Limited | 701.5M | 93 | 56 | 53 | 70 | 47 | 1 |
| Emerald Resources NL | 679.4M | 37 | 96 | 94 | 68 | 48 | 1 |
| Red 5 Limited | 671.6M | 95 | 58 | 66 | 75 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 93 | 58 | 67 | 74 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 99 | 62 | 66 | 78 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 84 | 58 | 43 | 65 | 52 | 1 |
| OM Holdings Limited | 563.6M | 50 | 96 | 97 | 75 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 91 | 62 | 66 | 74 | 54 | 1 |
| Neometals Ltd | 531.9M | 87 | 66 | 56 | 72 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 87 | 62 | 66 | 73 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 87 | 62 | 66 | 73 | 57 | 1 |
| Perenti Global Limited | 461.4M | 73 | 81 | 87 | 78 | 58 | 1 |
| Champion Iron Limited | 441.1M | 95 | 50 | 45 | 71 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 95 | 50 | 62 | 71 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 90 | 51 | 53 | 68 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 68 | 74 | 74 | 70 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 87 | 62 | 66 | 73 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 87 | 62 | 66 | 73 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 96 | 46 | 50 | 81 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 87 | 62 | 66 | 73 | 66 | 1 |
| Talga Group Ltd | 359.9M | 87 | 40 | 47 | 60 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 94 | 47 | 56 | 68 | 68 | 1 |
| Metals X Limited | 344.8M | 94 | 84 | 79 | 87 | 69 | 1 |
| Pantoro Limited | 330.8M | 87 | 62 | 66 | 73 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 68 | 58 | 49 | 58 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 88 | 51 | 48 | 65 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 87 | 62 | 66 | 73 | 73 | 1 |
| Firefinch Limited | 236.2M | 87 | 62 | 66 | 73 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 87 | 62 | 66 | 73 | 75 | 1 |
Cash Flow Analysis
BlueScope Steel's most recent cash flow report was not encouraging. BlueScope Steel's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. BlueScope Steel recorded free cash flow of -1.2, which represents -61.8% growth from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 3.9 percent by this parameter. their free cash flow situation appears to be much weaker than their peers. Management needs to do a better job balancing cash flow, asset growth, and resources allocations in general. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 47. Also, BlueScope Steel's net cash flow metrics were -78.1 according to their current filing, which represents a 32.5% change from the previous report. BlueScope Steel's net cash flow metrics are especially disappointing relative to their peers. Hence, their net cash flow earned a score of 48. At the same time, one {cash_flow} metric, Asset Turnover, was actually strongly positive. BlueScope Steel's published asset turnover numbers were encouraging and reflected management's balanced change strategy. BlueScope Steel recorded asset turnover of 1.1, which represents a 0.2% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 4.9 percent by this parameter. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. The company's asset turnover movement, therefore, received a grade of 70. Therefore, its cash flow earned a grade of 52.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | -78.1 | 32.5% | 48 |
| Capital Expenditure | -348.7 | -23.2% | 56 |
| Asset Turnover | 1.1 | 0.2% | 70 |
| Free Cashflow | -1.2 | -61.8% | 47 |
The below chart describes BlueScope Steel's performance as reflected on its cash flow with respect to its peers. While BlueScope Steel received a cash flow score of 52, the average of its peers stands on 63.0.
- BSL
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 70 | 77 | 80 | 71 | 75 | 0 | 1 |
| Fortescue Metals Group Limited | 55.0B | 74 | 78 | 69 | 74 | 75 | 1 | 1 |
| Newcrest Mining Limited | 19.4B | 58 | 48 | 63 | 55 | 57 | 2 | 1 |
| South32 Limited | 18.7B | 72 | 86 | 82 | 75 | 78 | 3 | 1 |
| Mineral Resources Limited | 9.2B | 58 | 69 | 54 | 63 | 61 | 4 | 1 |
| Lynas Rare Earths Limited | 8.3B | 78 | 63 | 76 | 58 | 70 | 5 | 1 |
| Northern Star Resources Limited | 8.2B | 70 | 58 | 54 | 91 | 73 | 6 | 1 |
| IGO Limited | 7.8B | 80 | 73 | 66 | 57 | 72 | 7 | 1 |
| Pilbara Minerals Limited | 6.9B | 87 | 97 | 76 | 78 | 86 | 8 | 1 |
| Allkem Limited | 6.9B | 75 | 77 | 70 | 84 | 82 | 9 | 1 |
| OZ Minerals Limited | 6.2B | 69 | 97 | 66 | 73 | 78 | 10 | 1 |
| Evolution Mining Limited | 4.8B | 54 | 49 | 61 | 39 | 50 | 11 | 1 |
| Alumina Limited | 4.4B | 68 | 74 | 76 | 70 | 72 | 12 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 49 | 86 | 84 | 39 | 50 | 13 | 1 |
| Iluka Resources Limited | 3.9B | 75 | 84 | 52 | 74 | 74 | 14 | 1 |
| Andean Resources Ltd. | 3.7B | 40 | 55 | 56 | 37 | 41 | 15 | 1 |
| Coronado Global Resources Inc. | 2.9B | 77 | 86 | 53 | 93 | 81 | 16 | 1 |
| Nickel Industries Limited | 2.8B | 75 | 63 | 76 | 61 | 70 | 17 | 1 |
| AVZ Minerals Limited | 2.8B | 60 | 69 | 76 | 37 | 58 | 18 | 1 |
| Sims Limited | 2.7B | 83 | 98 | 56 | 82 | 82 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 75 | 77 | 63 | 44 | 64 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 59 | 69 | 76 | 51 | 62 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 69 | 94 | 90 | 83 | 83 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 77 | 88 | 96 | 51 | 75 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 73 | 85 | 63 | 71 | 76 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 61 | 69 | 76 | 72 | 69 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 53 | 62 | 84 | 38 | 55 | 26 | 1 |
| Grange Resources Limited | 1.5B | 75 | 79 | 76 | 62 | 73 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 81 | 83 | 81 | 79 | 82 | 28 | 1 |
| West African Resources Limited | 1.3B | 73 | 84 | 42 | 58 | 66 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 63 | 53 | 64 | 47 | 58 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 80 | 69 | 76 | 61 | 73 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 57 | 57 | 54 | 50 | 56 | 32 | 1 |
| Lake Resources NL | 1.2B | 68 | 69 | 76 | 60 | 68 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 68 | 69 | 76 | 60 | 68 | 34 | 1 |
| Regis Resources Limited | 1.1B | 65 | 76 | 68 | 69 | 69 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 59 | 62 | 69 | 54 | 60 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 55 | 48 | 71 | 71 | 61 | 37 | 1 |
| ioneer Ltd | 867.9M | 47 | 57 | 54 | 51 | 51 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 59 | 58 | 43 | 98 | 69 | 39 | 1 |
| Equigold NL | 854.0M | 91 | 69 | 72 | 84 | 87 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 59 | 56 | 81 | 58 | 62 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 67 | 69 | 76 | 69 | 71 | 42 | 1 |
| Jervois Global Limited | 813.1M | 43 | 51 | 38 | 82 | 54 | 43 | 1 |
| Mincor Resources NL | 808.9M | 63 | 63 | 72 | 45 | 57 | 44 | 1 |
| Imdex Limited | 796.9M | 71 | 72 | 79 | 73 | 74 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 51 | 64 | 56 | 51 | 54 | 46 | 1 |
| St Barbara Limited | 701.5M | 54 | 46 | 71 | 55 | 56 | 47 | 1 |
| Emerald Resources NL | 679.4M | 84 | 81 | 80 | 81 | 84 | 48 | 1 |
| Red 5 Limited | 671.6M | 68 | 49 | 48 | 59 | 59 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 62 | 74 | 81 | 63 | 68 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 68 | 69 | 59 | 56 | 64 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 59 | 69 | 71 | 59 | 63 | 52 | 1 |
| OM Holdings Limited | 563.6M | 75 | 90 | 90 | 75 | 82 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 72 | 69 | 76 | 69 | 72 | 54 | 1 |
| Neometals Ltd | 531.9M | 62 | 54 | 71 | 52 | 60 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 68 | 69 | 76 | 60 | 68 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 68 | 69 | 76 | 60 | 68 | 57 | 1 |
| Perenti Global Limited | 461.4M | 61 | 69 | 54 | 78 | 67 | 58 | 1 |
| Champion Iron Limited | 441.1M | 56 | 69 | 51 | 49 | 55 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 69 | 69 | 79 | 54 | 67 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 65 | 68 | 74 | 57 | 67 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 69 | 58 | 68 | 71 | 68 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 68 | 69 | 76 | 60 | 68 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 68 | 69 | 76 | 60 | 68 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 51 | 51 | 84 | 44 | 50 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 68 | 69 | 76 | 60 | 68 | 66 | 1 |
| Talga Group Ltd | 359.9M | 53 | 48 | 76 | 70 | 62 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 62 | 54 | 76 | 49 | 60 | 68 | 1 |
| Metals X Limited | 344.8M | 70 | 81 | 72 | 55 | 68 | 69 | 1 |
| Pantoro Limited | 330.8M | 68 | 69 | 76 | 60 | 68 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 72 | 58 | 54 | 49 | 60 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 72 | 53 | 46 | 57 | 62 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 68 | 69 | 76 | 60 | 68 | 73 | 1 |
| Firefinch Limited | 236.2M | 68 | 69 | 76 | 60 | 68 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 68 | 69 | 76 | 60 | 68 | 75 | 1 |
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