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Vulcan Steel Limited, together with its subsidiaries, engages in the sale and distribution of steel and metal products in New Zealand and Australia. It operates through Steel and Metals segments. The company sells steel hollows; merchant products, including bars, beams, angles, channels, and unprocessed coils and plates; stainless steel products, such as fittings and sheets; and high-performance steel and metal products. It also offers processing services including cutting, drilling, tapping, countersinking, and folding of plates, as well as sheeting and slitting services. In addition, the company distributes aluminium sheets, plates, and coils. Further, it is involved in the fabrication and sale of roofing and roofing-related products. Vulcan Steel Limited was incorporated in 1995 and is based in Auckland, New Zealand.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Vulcan Steel Ltd (ASX: VSL) is an Australian industrial company that appears to operate in steel processing, fabrication and distribution for construction and infrastructure customers. Long-term growth drivers may include domestic construction and public infrastructure spending, local processing capacity replacing imports, and supply-chain dynamics that could support pricing and volumes while providing exposure to domestic steel demand.
Key risks include cyclicality of construction and steel prices, competition from imports and larger producers, execution risk for a small-cap operator, and potential financial or liquidity constraints.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Income before tax | 33.22M | 22.36M | 58.85M | 124.90M | 163.54M |
| Net income | 21.72M | 15.73M | 39.98M | 87.90M | 111.82M |
| Selling general administrative | - | 160.58M | 152.09M | 153.29M | 91.11M |
| Selling and marketing expenses | - | 22.52M | 27.52M | 26.66M | 16.60M |
| Gross profit | 340.58M | 324.60M | 374.95M | 443.89M | 350.64M |
| Reconciled depreciation | - | 84.17M | 80.75M | 45.27M | 24.68M |
| Ebit | 71.11M | 40.70M | 82.28M | 147.12M | 167.37M |
| Ebitda | 135.59M | 124.87M | 163.02M | 192.39M | 192.05M |
| Depreciation and amortization | 64.49M | 84.17M | 80.75M | 45.27M | 24.68M |
| Operating income | 71.11M | 27.92M | 98.99M | 147.12M | 167.37M |
| Other operating expenses | 1147.27M | 920.24M | 965.33M | 1071.22M | 699.49M |
| Interest expense | 39.61M | 18.35M | 40.91M | 22.22M | 3.83M |
| Tax provision | - | 6.63M | 18.87M | 37.00M | 51.72M |
| Interest income | - | 0.17M | 0.26M | 35.63M | 0.00M |
| Net interest income | - | -36.14M | -40.14M | -38.53M | -14.20M |
| Income tax expense | 10.28M | 6.63M | 18.87M | 37.00M | 51.72M |
| Total revenue | 1218.37M | 948.15M | 1064.33M | 1244.84M | 877.22M |
| Total operating expenses | 269.47M | 296.68M | 275.95M | 270.28M | 172.90M |
| Cost of revenue | 877.79M | 623.55M | 689.38M | 800.94M | 526.59M |
| Total other income expense net | -37.89M | -5.56M | -40.14M | -10.18M | -3.83M |
| Net income from continuing ops | - | 15.73M | 39.98M | 87.90M | 111.82M |
| Net income applicable to common shares | - | 15.73M | 39.98M | 87.90M | 123.98M |
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Total assets | 1132.50M | 858.66M | 827.03M | 1004.21M | 717.33M |
| Intangible assets | 8.04M | 0.14M | 1.39M | 3.03M | 0.92M |
| Other current assets | 2.46M | - | 1.32M | 5.93M | 4.72M |
| Total liab | 824.00M | 689.01M | 670.05M | 818.29M | 550.25M |
| Total stockholder equity | 299.17M | 169.65M | 156.98M | 185.92M | 167.09M |
| Other current liab | 29.50M | - | 18.90M | 25.80M | 42.19M |
| Common stock | 105.80M | - | 10.94M | 11.99M | 10.81M |
| Capital stock | - | 11.99M | 11.99M | 11.99M | 10.81M |
| Retained earnings | 161.90M | 148.45M | 134.83M | 163.64M | 141.80M |
| Good will | 41.30M | 11.94M | 10.96M | 11.99M | 10.61M |
| Other assets | - | - | - | 8.64M | 6.17M |
| Cash | 30.70M | 17.37M | 22.00M | 20.32M | 21.67M |
| Cash and equivalents | - | - | - | 20.32M | 24.03M |
| Total current liabilities | 229.39M | 173.34M | 154.56M | 191.23M | 190.18M |
| Current deferred revenue | - | - | 0.00M | - | - |
| Net debt | 600.60M | 232.38M | 516.51M | 629.41M | 351.03M |
| Short term debt | 36.69M | - | 23.03M | 22.66M | 12.63M |
| Short long term debt total | 631.29M | - | 538.51M | 649.73M | 372.70M |
| Other stockholder equity | - | - | 0.00M | -2.19M | 16.05M |
| Property plant equipment | - | - | - | 347.21M | 236.87M |
| Total current assets | 600.32M | 485.07M | 486.57M | 633.34M | 486.61M |
| Net tangible assets | - | - | - | 170.90M | 172.48M |
| Net receivables | 182.90M | 131.03M | 134.20M | 169.35M | 141.64M |
| Long term debt | - | 249.75M | 299.90M | 360.00M | 190.27M |
| Inventory | 384.26M | 333.89M | 329.06M | 437.75M | 318.58M |
| Accounts payable | 163.21M | 125.87M | 112.64M | 142.76M | 135.36M |
| Accumulated other comprehensive income | 31.47M | - | 11.21M | 10.29M | 14.47M |
| Non currrent assets other | - | - | 1.27M | - | 0.00M |
| Non current assets total | 532.18M | 373.59M | 340.46M | 370.87M | 230.72M |
| Capital lease obligations | - | 295.29M | 290.31M | 289.73M | 182.43M |
| Long term debt total | - | - | - | 627.07M | 399.25M |
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Investments | - | -17.22M | -23.98M | -193.24M | -10.45M |
| Change to liabilities | - | - | - | -20.89M | 26.17M |
| Total cashflows from investing activities | -118.99M | -17.22M | -23.98M | -193.24M | -11.59M |
| Net borrowings | - | -48.09M | -60.10M | 128.33M | 116.57M |
| Total cash from financing activities | 50.73M | -94.19M | -141.18M | 43.16M | 11.21M |
| Net income | 21.72M | 15.73M | 39.98M | 87.90M | 111.82M |
| Change in cash | 11.10M | -6.74M | 3.79M | -3.71M | 12.51M |
| Begin period cash flow | 19.60M | 24.11M | 20.32M | 24.03M | 9.17M |
| End period cash flow | 30.70M | 17.37M | 24.11M | 20.32M | 21.67M |
| Total cash from operating activities | 76.76M | 104.95M | 168.71M | 146.77M | 10.95M |
| Depreciation | 64.49M | - | 49.18M | 45.14M | 24.68M |
| Other cashflows from investing activities | - | 4.10M | 2.70M | -170.28M | 0.62M |
| Dividends paid | 9.24M | -19.36M | -57.42M | 85.17M | 93.92M |
| Change to inventory | -0.87M | - | 73.28M | 38.58M | -161.71M |
| Change to account receivables | -21.01M | - | 24.34M | 28.90M | -29.10M |
| Sale purchase of stock | - | - | - | - | 0.00M |
| Other cashflows from financing activities | -32.58M | -26.74M | -22.90M | 128.33M | 105.13M |
| Change to netincome | - | - | - | -1.80M | 9.48M |
| Capital expenditures | 27.97M | 21.32M | 26.69M | 22.95M | 11.01M |
| Change in working capital | -11.71M | 0.17M | 97.62M | 1.42M | 0.00M |
| Stock based compensation | - | - | 2.03M | - | - |
| Other non cash items | 6.07M | 104.95M | -20.10M | - | -136.50M |
| Free cash flow | 48.78M | 83.63M | 142.02M | 123.82M | -0.06M |
Sector: Basic Materials Industry: Steel
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| VSL Vulcan Steel Ltd |
-0.16 2.76% |
5.64 | 48.33 | 25.71 | 0.73 | 3.36 | 1.39 | 10.89 |
| BSL Bluescope Steel Ltd |
-0.49 1.54% |
31.41 | 17.62 | 9.66 | 0.86 | 1.38 | 0.89 | 7.89 |
| SGM Sims Ltd |
-1.53 7.22% |
19.65 | 16.94 | 11.38 | 0.51 | 1.52 | 0.58 | 6.89 |
| BCI BCI Minerals Ltd |
-0.02 3.60% |
0.54 | 55.50 | 243.90 | 263.19 | 1.89 | 8.58 | 62.11 |
| CIA Champion Iron Ltd |
-0.01 0.48% |
2.06 | 207.00 | 68.49 | 0.70 | 0.61 | 1.34 | 7.78 |
Vulcan Steel Limited, together with its subsidiaries, engages in the sale and distribution of steel and metal products in New Zealand and Australia. It operates through Steel and Metals segments. The company sells steel hollows; merchant products, including bars, beams, angles, channels, and unprocessed coils and plates; stainless steel products, such as fittings and sheets; and high-performance steel and metal products. It also offers processing services including cutting, drilling, tapping, countersinking, and folding of plates, as well as sheeting and slitting services. In addition, the company distributes aluminium sheets, plates, and coils. Further, it is involved in the fabrication and sale of roofing and roofing-related products. Vulcan Steel Limited was incorporated in 1995 and is based in Auckland, New Zealand.
| Name | Title | Year Born |
|---|---|---|
| Mr. Rhys Jones B.Sc., BBS | CEO, MD & Exec. Director | NA |
| Mr. Kar Yue Yeo | Chief Financial Officer | NA |
| Mr. Adrian Casey | COO & Director | NA |
| James Wells | Chief Information Officer | NA |
| Sarah-Jane Lawson | Company Sec. | NA |
| Mr. Rhys Jones B.Sc., BBS | CEO, MD & Executive Director | NA |
| Mr. James Wells | Chief Information Officer | NA |
| Ms. Sarah-Jane Lawson | Company Secretary | NA |
| Mr. Rhys Jones B.Sc., BBS | CEO, MD & Executive Director | NA |
| Mr. James Wells | Chief Information Officer | NA |
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