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May 07
Australian (ASX) Steel Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies40
- 7D1.8%
- 3M-6.2%
- 1Y20.9%
- YTDn/a
In the last week, the Steel industry is up 1.8%, with Fortescue up 2.8%. In the same time, Sims was down 8.3%. This takes the industry's 12 month performance to a gain of 21%. Looking forward, earnings are forecast to decline by 14% per year.
Industry Valuation and Performance
Has the Australian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$110.6b | AU$68.0b | AU$11.2b | 11.4x | 9.9x | 1.6x |
| Fri, 05 Apr 2024 | AU$105.3b | AU$68.1b | AU$11.4b | 8.8x | 9.2x | 1.5x |
| Sun, 03 Mar 2024 | AU$109.8b | AU$68.4b | AU$11.6b | 9.5x | 9.5x | 1.6x |
| Tue, 30 Jan 2024 | AU$121.0b | AU$66.0b | AU$10.5b | 10x | 11.6x | 1.8x |
| Thu, 28 Dec 2023 | AU$118.8b | AU$64.8b | AU$10.1b | 8.6x | 11.7x | 1.8x |
| Sat, 25 Nov 2023 | AU$105.8b | AU$66.2b | AU$10.5b | 8.6x | 10.1x | 1.6x |
| Mon, 23 Oct 2023 | AU$93.3b | AU$67.8b | AU$11.1b | 8.6x | 8.4x | 1.4x |
| Wed, 20 Sep 2023 | AU$93.2b | AU$67.2b | AU$10.9b | 9.4x | 8.6x | 1.4x |
| Fri, 18 Aug 2023 | AU$88.7b | AU$68.0b | AU$13.2b | 6.9x | 6.7x | 1.3x |
| Sun, 16 Jul 2023 | AU$97.4b | AU$66.5b | AU$13.0b | 6.5x | 7.5x | 1.5x |
| Tue, 13 Jun 2023 | AU$90.3b | AU$66.8b | AU$13.2b | 6.3x | 6.9x | 1.4x |
| Thu, 11 May 2023 | AU$90.7b | AU$67.0b | AU$13.4b | 6.4x | 6.7x | 1.4x |
| Sat, 08 Apr 2023 | AU$94.6b | AU$67.5b | AU$13.6b | 6.5x | 7x | 1.4x |
| Mon, 06 Mar 2023 | AU$97.8b | AU$62.9b | AU$12.5b | 7.1x | 7.8x | 1.6x |
| Wed, 01 Feb 2023 | AU$95.8b | AU$62.6b | AU$14.2b | 6.3x | 6.8x | 1.5x |
| Fri, 30 Dec 2022 | AU$88.8b | AU$63.8b | AU$14.6b | 6.8x | 6.1x | 1.4x |
| Sun, 27 Nov 2022 | AU$82.5b | AU$63.6b | AU$14.6b | 5.5x | 5.7x | 1.3x |
| Tue, 25 Oct 2022 | AU$73.2b | AU$65.3b | AU$15.3b | 5.9x | 4.8x | 1.1x |
| Thu, 22 Sep 2022 | AU$74.6b | AU$63.1b | AU$14.7b | 6x | 5.1x | 1.2x |
| Sat, 20 Aug 2022 | AU$84.8b | AU$67.3b | AU$18.6b | 5.1x | 4.6x | 1.3x |
| Mon, 18 Jul 2022 | AU$73.1b | AU$63.4b | AU$18.1b | 4.1x | 4x | 1.2x |
| Wed, 15 Jun 2022 | AU$86.7b | AU$62.5b | AU$17.7b | 5.5x | 4.9x | 1.4x |
| Fri, 13 May 2022 | AU$88.4b | AU$62.8b | AU$17.9b | 5.5x | 4.9x | 1.4x |
| Sun, 10 Apr 2022 | AU$97.6b | AU$59.5b | AU$16.5b | 6.5x | 5.9x | 1.6x |
| Tue, 08 Mar 2022 | AU$88.1b | AU$59.1b | AU$16.5b | 5.4x | 5.3x | 1.5x |
| Thu, 03 Feb 2022 | AU$87.7b | AU$56.0b | AU$16.9b | 8x | 5.2x | 1.6x |
| Sat, 01 Jan 2022 | AU$83.8b | AU$55.4b | AU$16.7b | 8x | 5x | 1.5x |
| Mon, 29 Nov 2021 | AU$75.8b | AU$56.0b | AU$17.0b | 7x | 4.5x | 1.4x |
| Wed, 27 Oct 2021 | AU$68.7b | AU$54.0b | AU$16.1b | 8.7x | 4.3x | 1.3x |
| Fri, 24 Sep 2021 | AU$71.8b | AU$55.1b | AU$16.5b | 8.7x | 4.3x | 1.3x |
| Sun, 22 Aug 2021 | AU$88.0b | AU$54.5b | AU$16.1b | 11.9x | 5.5x | 1.6x |
| Fri, 09 Jul 2021 | AU$97.6b | AU$54.5b | AU$16.1b | 11.9x | 6.1x | 1.8x |
Price to Earnings Ratio
7.6x
Current Industry PE
- Investors are optimistic on the Australian Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.9x which is higher than its 3-year average PE of 6.7x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 2.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 13% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Australian Steel compare with similar industries?
| AU Market | 1.62% | |
| Materials | 0.83% | |
| Metals and Mining | 0.77% | |
| Steel | 1.79% | |
| Silver | 3.03% | |
| Copper | 1.61% | |
| Diversified Metals and Mining | 1.03% | |
| Precious Metals and Minerals | 0.071% | |
| Aluminum | -0.98% | |
| Gold | -2.33% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FMG Fortescue | AU$26.64 | 5.2% +AU$4.1b | 29.1% | PE9.3x | |
| CIA Champion Iron | AU$7.23 | 4.9% +AU$176.1m | 10.9% | PE11.4x | |
| SMR Stanmore Resources | AU$3.29 | 3.5% +AU$99.2m | 10.0% | PE4.1x | |
| DRR Deterra Royalties | AU$5.00 | 2.7% +AU$68.7m | 9.4% | PE15.8x | |
| BSL BlueScope Steel | AU$22.52 | 0.7% +AU$68.4m | 15.2% | PE11.8x |
