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BlueScope Steel Limited

BSL.AXBasic MaterialsASX

Steel · Last scanned May 29, 2026

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Financials · Annual
Revenue
$16.25B
-4.4% YoY
Net Income
$83.8M
-89.6% YoY
EBITDA
$994.5M
-50.1% YoY
Free Cash Flow
$48.1M

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About BlueScope Steel Limited

BlueScope Steel Limited engages in the production and marketing of metal-coated and painted steel building products in Australia, New Zealand, Asia, and North America. At a $13.92B market cap, BlueScope Steel Limited ranks as a large-cap company within basic materials. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Buildings and Coated Products North America, Coated Products Asia, and New Zealand & Pacific Islands.

Key stats
Market Cap$13.92B
P/E (TTM)55.76
Fwd P/E15.33
EPS$0.57
Beta1.21
52W Change+38.0%
Dividend Yield3.03%
ROE3.4%
Analysis

The company holds $1.08B in cash, though total debt stands at $1.08B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company generates $48.1M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 3.4% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.7% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $18.99B (2022) to $16.25B (2025), a 14% decline worth watching.

The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence BlueScope Steel Limited's trajectory.

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