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Vulcan Steel Ltd

Company price
5.64 AUD -0.16 ( 2.76%)
Last update at 2026-11-06T05:31:00Z
VOLUME
132950
Market Cap
849.87M
P/E
48.33

Momentum Score

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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.

Source: TradingView
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Day Price Range
5.47
Low
5.65
High
52 Week Price Range
4.55
Low
7.89
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
5.80
Dividend Yield
1.27%
Revenue TTM
1158.81M
Revenue Per Share
8.07
Gross Profit TTM
385.26M
Debt / Equity
2.11
ROE
9.13%
Net Debt
600.60M
ROCE
7.87%
Diluted EPS TTM
0.12

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

Vulcan Steel Ltd

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.

116 Harris Road, Auckland, New Zealand, 2013

64 9 272 7495

1669

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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