General Information

BlueScope Steel Limited

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$5.00 $5.30 $5.50 $4.81 $4.38 14507704 $0.62 ( 14.16% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation


Company Overview

Business Description
BlueScope Steel Limited (BSL) is a flat steel producer and supplier of steel products and solutions focused on the global building and construction markets. It operates in four main geographical regions being Australia, New Zealand, Asia and North America.
Strategy Analysis
BlueScope’s strategy is to grow shareholder value by growing its global building solutions segment, develop a leading position in painted and coated steel in the Asia-Pacific region, improve profitability in manufacturing and distribution operations in Australia and New Zealand and maintain profitability of its Hot Rolled Products North America assets while exploring potential growth options. BlueScope Steel reported a net loss of $12m for the half-year ended 31 December 2012, compared to a net loss of $530m for 1H FY2012, primarily reflecting the operational benefit of Australian restructure with lower loss-making export despatch tonnes, and lower restructure, redundancy and tax impairment charges in the current half. Revenues from ordinary activities were $3.7bn, down 17% from the same period last year, primarily due to lower sales volume arising from the 2011 restructure to reduce loss making export sales. Diluted EPS was (2.2) cents compared to (160.4) cents last year. The net operating cash inflow was $44m compared to an outflow of $151m in the pcp. No dividend was declared.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2017 F 269.5 46.6 28.3% 10.7 10.0 2.0% 100.0%
2016 F 210.0 36.3 107.7% 13.8 10.0 2.0% 100.0%
2015 A 101.1 17.5 162.7% 27.9 6.0 1.2% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2015 A 2016 F 2017 F 2015 A 2016 F 2017 F 2015 A 2016 F 2017 F
Arrium (ARI) $147M 0.0000 0.0000 1.3014 0.0000 6.8493 2.9762 0.00% 0.00% 0.00%
BlueScope Steel (BSL) $2,502M 1.2915 -0.0866 0.6664 17.4711 19.1266 11.4780 1.37% 1.61% 2.28%
Fortescue Metals (FMG) $5,293M -0.8581 0.0892 -0.0402 12.8496 11.7974 12.2921 2.94% 1.36% 1.45%
Mount Gibson Iron (MGX) $191M 0.0000 0.0000 27.2500 0.0000 437.5000 15.4867 0.00% 0.00% 0.00%
Sims Metal Management (SGM) $1,435M 0.4904 -0.5308 0.8811 14.1320 30.1189 16.0117 4.09% 1.52% 3.54%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.76 21.10 0.66 0.90
Market 0.87 14.90 1.17 1.22
Sector 0.72 12.30 0.89 0.83


Name Position Start Date
Mr Paul Francis O'Malley Chief Executive Officer, Managing Director 06/08/2007
Mr Kenneth Alfred Dean Non-Executive Director 21/04/2009
Mr Daniel Bruno Grollo Non-Executive Director 18/10/2006
Ms Penny Bingham-Hall Non-Executive Director 29/03/2011
Mr Ewen Graham Wolseley Crouch Non-Executive Director 12/03/2013
Ms Rebecca Dee-Bradbury Non-Executive Director 22/04/2014
Mr Lloyd Hartley Jones Non-Executive Director 02/09/2013
Mr John Andrew Bevan Non-Executive Director, Non-Executive Chairman 12/03/2014


Name Position
Mark Vassella Chief Executive, BlueScope Australia and New Zealand
Sanjay Dayal Chief Executive, Building Products
Bob Moore Chief Executive, Global Building Solutions
Charlie Elias Chief Financial Officer
Michael Barron Chief Legal Officer,Company Secretary
Ian Cummin Executive General Manager, People & Performance
Pat Finan President, Global Building Solutions

Substantial Shareholders

Holding Name
80,421,229 (14.22%) Perpetual Limited and subsidiaries
43,379,866 (7.67%) Commonwealth Bank of Australia
41,566,202 (7.35%) Ausbil Dexia Limited
33,944,444 (6%) Sumitomo Mitsui Trust Holdings Inc
28,290,408 (5%) Dimensional Entities

Calendar of Events

Date Event
19 September 2016 Report (Annual)
22 August 2016 Report (Prelim)
22 February 2016 Report (Interim)
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