Over the past decade, BlueScope Steel has transitioned away from the highly contested global markets, where returns are generally poor. The company’s strategy is to run a cost-competitive steel business that underpins the profitability of its premium branded products. Serving the residential, nonresidential, and construction markets, key branded products include Colorbond, Truecore, Zincalume, and Lysaght.
North Star is expected to sell additional volumes following its recent capacity expansion and should continue to operate with high utilization and high efficiency.
The addition of competing electric arc furnace-based steel capacity leads to a flattening in the North American steel cost curve, reducing North Star margins.
|
Metric
|
BSL
|
JHX
|
HOLN
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.84 | 21.16 | 19.69 |
Price/Book Value | 1.28 | 2.21 | 2.26 |
Price/Sales | 0.80 | 2.65 | 2.27 |
Price/Cash Flow | 7.69 | 17.30 | 11.55 |
|
Metric
|
BSL
|
JHX
|
HOLN
|
|---|---|---|---|
Quick Ratio | 0.92 | 0.71 | 0.74 |
Current Ratio | 1.92 | 1.59 | 1.09 |
Interest Coverage | 13.33 | 2.08 | 3.39 |
|
Metric
|
BSL
|
JHX
|
HOLN
|
|---|---|---|---|
Return on Assets (Normalized) | 5.32% | 3.36% | 5.67% |
Return on Equity (Normalized) | 8.04% | 7.43% | 12.73% |
Return on Invested Capital (Normalized) | 7.23% | 6.39% | 8.33% |
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1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States