VULCAN STEEL LIMITED (VSL)
Share Price Analysis and Chart

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VSL

VSL - VULCAN STEEL LIMITED

FNArena Sector : Steel & Scrap
Year End: June
GICS Industry Group : No Sector
Debt/EBITDA: 3.99
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.73

19 Jun
2025

-0.050

OPEN

$5.75

-0.87%

HIGH

$5.98

61,186

LOW

$5.71

TARGET
$7.30 27.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BSL . SGM .
FNARENA'S MARKET CONSENSUS FORECASTS
VSL: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 10.9 xxx
DPS (cps) 7.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 48.1 xxx
Dividend Yield 1.4% xxx
Div Pay Ratio(%) 66.7% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 2.98%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.22

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: 26/09 - ex-div 11.81c (franking 95%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx28.2
DPS All xxxxxxxxxxxxxxx24.8
Sales/Revenue xxxxxxxxxxxxxxx984.6 M
Book Value Per Share xxxxxxxxxxxxxxx119.5
Net Operating Cash Flow xxxxxxxxxxxxxxx156.1 M
Net Profit Margin xxxxxxxxxxxxxxx3.76 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx22.55 %
Return on Invested Capital xxxxxxxxxxxxxxx5.21 %
Return on Assets xxxxxxxxxxxxxxx4.20 %
Return on Equity xxxxxxxxxxxxxxx22.55 %
Return on Total Capital xxxxxxxxxxxxxxx12.28 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx78.3 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx23 M
Long Term Debt xxxxxxxxxxxxxxx515 M
Total Debt xxxxxxxxxxxxxxx539 M
Goodwill - Gross xxxxxxxxxxxxxxx12 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx22 M
Price To Book Value xxxxxxxxxxxxxxx5.58

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx24.7 M
Capex % of Sales xxxxxxxxxxxxxxx2.51 %
Cost of Goods Sold xxxxxxxxxxxxxxx683 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx212 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgans

31/01/2025

-1

No Rating

-

FNArena believes Morgans no longer actively covers this company.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

19/06/2025

1

Upgrade to Buy from Neutral

-

-

Jarden notes a modest recovery in 2H25 expected by Vulcan Steel following a tough 1H25 has failed to materialise so far. The company is still waiting for a rebound that was flagged three months before.

The broker cut FY25 EBITDA forecast to NZ$107m from NZ$110m and pushed back expectations for a return to mid-cycle earnings in 2027 from 2H2026.

No impact of the CEO transition announcement.

Target cut to NZ$7.55 from $8.00. Rating upgraded to Buy from Neutral, with the broking noting the current share price provides a good entry point with a FY27 EV/EBITDA multiple of 7.1x.

FORECAST
Jarden forecasts a full year FY25 dividend of 6.84 cents and EPS of 9.76 cents.
Jarden forecasts a full year FY26 dividend of 13.31 cents and EPS of 22.25 cents.
Access Extra Coverage Research History >

VSL STOCK CHART

FNArena News on VSL

Latest Steel & Scrap News

1
BlueScope Steel Transforms US Operations

Apr 13 2022 - Australia
2
Sims Shines In The Scrap Yard

Feb 16 2022 - Australia
3
Positive Trends Should Galvanise Sims

Nov 11 2021 - Australia
4
ESG Focus: Forrest’s Green Steel Plan

Jun 02 2021 - ESG Focus
5
Steel Prices Still Underpinning BlueScope

Apr 28 2021 - Australia
6
Accelerating Demand For Scrap Drives Sims

Apr 20 2021 - Australia
7
BlueScope On Top Of The Housing Boom

Feb 01 2021 - Australia
8
Treasure Chest: Questioning BlueScope Steel Takeover Talk

Nov 24 2020 - Treasure Chest
9
Demand Running In BlueScope’s Favour

Oct 26 2020 - Australia
10
The Short Report – 20 Aug 2020

Aug 20 2020 - Weekly Reports