Obermatt

Vulcan Steel

ASX:VSL · AU0000181984
Metals & MiningMedium

360

45
EV / EBIT53
Price / Owner Earnings3
Owner Earnings Yield52
Dividend Yield79
Price/Sales44
EV / Gross Profit63
Price/Book5
Return on Capital77
Cash Return on Capital59
Return on Equity70
EBIT Margin72
Gross Profitability90
Cash Conversion75
Accruals27
Owner Earnings Margin61
Sales growth91
Profit Growth28
Long-Term EPS Growth100
Owner Earnings Growth55
Reinvestment89
Price momentum16
Debt load3
Refinancing29
Debt Payback4
Liquidity38
Analyst ratings13
Opinion Changes50
Price Target Upside58
Market mood100
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Vulcan Steel clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryNew Zealand
IndustryMetals & Mining
SizeMedium
TypePublic Company
ExchangeASX
Founded1995
Employees283
Websitevulcan.co
ISINAU0000181984
Last UpdateApr 2, 2026

Description

Vulcan Steel Limited operates primarily in the processing and distribution of steel and metal products across Australia and New Zealand. Business Segments The company operates through distinct segments which have been classified based on internal r…

Analysis

Middle-of-the-road

Vulcan Steel Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 68.2×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 23% a year, against analyst forecasts of 68%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
40
2026

All-time high

40

Jun 2026

All-time low

11

Mar 2026

Average rank

26

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
44
Price/Earnings
21
Price/Book
5
Dividend Yield
79
Value (overall)
34

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

Similar Stocks

The companies this stock is ranked against.

Compare Vulcan Steel with its peers
Ta Chen Stainless Pipe
TAI:2027
77
CountryTaiwan
IndustryMetals & Mining
SizeMedium
Full Stock Analysis →
Nippon Light Metal
TYO:5703
44
CountryJapan
IndustryMetals & Mining
SizeLarge
Full Stock Analysis →
YC Inox
TAI:2034
2
CountryTaiwan
IndustryMetals & Mining
SizeSmall
Full Stock Analysis →
Posco
KSC:005490
52
CountrySouth Korea
IndustryMetals & Mining
SizeSmall
Full Stock Analysis →
Hanil Iron & Steel
KSC:002220
17
CountrySouth Korea
IndustryMetals & Mining
SizeSmall
Full Stock Analysis →
Hwang Kum Steel & Technology
KSC:032560
75
CountrySouth Korea
IndustryMetals & Mining
SizeSmall
Full Stock Analysis →

Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →