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Olympic Steel, Inc. (ZEUS)
Key financial summary
Financials in USD| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 1,579 | 1,234 | 2,312 | 2,560 | 2,158 | 1,942 | 1,899 |
| Operating profit | $m | 48 | 35 | |||||
| Net profit | $m | 4 | -6 | 121 | 91 | 45 | 23 | 14 |
| EPS reported | $ | 1.97 | 1.17 | |||||
| Operating cashflow per share | $ | 2.88 | 0.86 | |||||
| Capex per share | $ | 2.53 | 1.38 | |||||
| FCF per share | $ | 0.36 | -0.52 | |||||
| Free cash flow | $m | 4 | 42 | |||||
| Net debt | $m | 261 | 277 | |||||
| Book value equity | $m | 574 | 579 | |||||
| Book value per share | $ | 49.15 | 49.24 | |||||
| Number of shares | m | 11.68 | 11.76 | |||||
| DPS (TTM paid) | $ | 0.60 | 0.16 |
Financial summary
Financials in USD| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 16.65 | 40.91 | |||||
| P/B LTM | x | 0.67 | 0.93 | |||||
| P/S LTM | x | 0.20 | 0.28 | |||||
| P/FCF LTM | x | 91.39 | 12.86 | |||||
| EV/EBITDA LTM | x | 8.69 | 11.84 | |||||
| EV/Sales LTM | x | 0.35 | 0.43 | |||||
| Earnings Yield LTM | % | 6.01% | 2.44% | |||||
| FCF Yield | % | 1.09% | 7.78% | |||||
| Quality | ||||||||
| ROE | % | 4.00% | 1.28% | |||||
| ROIC | % | 3.82% | 1.46% | |||||
| Operating margin | % | 2.46% | 1.89% | |||||
| Gross margin | % | 23.24% | 136.52% | |||||
| FCF/Sales | % | 0.22% | -0.61% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | -48.83% | -48.68% | |||||
| Sales Growth YoY | % | -10.03% | -5.64% | |||||
| Net Income Growth YoY | % | -48.39% | -47.96% | |||||
| FCF Growth | % | -97.27% | -10.80% | |||||
| Operating Profit Growth | % | -38.38% | -32.05% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 1.74% | 0.33% | |||||
| Dividend Growth | % | +20.00% | - | |||||
| Payout Ratio | % | 29.07% | 51.26% | |||||
| FCF/Debt | x | 0.01 | 0.15 | |||||
| Net Debt/EBITDA | x | 3.82 | 7.98 | |||||
| EBIT/Net interest | x | 2.91 | 2.30 | |||||
| Net debt/market cap | % | 68.01% | 51.45% | |||||
| Net debt/Equity | x | 0.45 | 0.48 | |||||
| Gross debt/equity | x | 0.55 | 0.49 | |||||
Company overview
Established in 1954 and headquartered in Bedford Heights, Ohio, Olympic Steel, Inc. is a leading provider of metal processing, distribution, and storage solutions, operating across both the United States and international markets. The company's operations are divided into three main business units: Carbon Flat Products: This segment specializes in the sale and delivery of processed carbon and coated flat-rolled sheets, coils, plates, and custom-fabricated components. Specialty Metals Flat Products: This division offers a diverse selection of processed aluminum and stainless steel flat-rolled sheets, coils, and flat bar products, along with fabricated parts. It also provides stainless steel and aluminum plates, sheets, angles, rounds, flat bars, tubing, pipe, and premium tin mill products. Tubular and Pipe Products: This unit focuses on the distribution of various metal tubing products, pipes, bars, valves, fittings, and pre-fabricated pressure components. Beyond its core distribution activities, Olympic Steel offers an extensive suite of value-added processing services. These capabilities encompass cutting (including cut-to-length, laser, and saw), slitting, shearing, roll forming, shape correction, and surface refinement. Additional services include blanking, tempering, plate burning, stamping, beveling, threading, grooving, shot blasting, grinding, edging, and polishing. The company further provides bending, drilling, milling, tapping, boring, and sawing metal, as well as machining, welding, assembly, and painting of individual component parts. Through these processes, Olympic Steel precisely transforms metals to meet specific length, width, shape, and surface finish requirements. The firm serves a wide array of metal-consuming industries via a direct sales force. Its clientele includes manufacturers and fabricators across sectors such as transportation, material handling, construction, mining, agriculture, energy generation, automotive, food service, commercial appliances, and electrical equipment. They also supply to the military for vehicles and equipment, general and plate fabricators, and various metals service centers.
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Olympic Steel, Inc. (ZEUS)
Established in 1954 and headquartered in Bedford Heights, Ohio, Olympic Steel, Inc. is a leading provider of metal processing, distribution, and storage solutions, operating across both the United States and international markets. The company's operations are divided into three main business units: Carbon Flat Products: This segment specializes in the sale and delivery of processed carbon and coated flat-rolled sheets, coils, plates, and custom-fabricated components. Specialty Metals Flat Products: This division offers a diverse selection of processed aluminum and stainless steel flat-rolled sheets, coils, and flat bar products, along with fabricated parts. It also provides stainless steel and aluminum plates, sheets, angles, rounds, flat bars, tubing, pipe, and premium tin mill products. Tubular and Pipe Products: This unit focuses on the distribution of various metal tubing products, pipes, bars, valves, fittings, and pre-fabricated pressure components. Beyond its core distribution activities, Olympic Steel offers an extensive suite of value-added processing services. These capabilities encompass cutting (including cut-to-length, laser, and saw), slitting, shearing, roll forming, shape correction, and surface refinement. Additional services include blanking, tempering, plate burning, stamping, beveling, threading, grooving, shot blasting, grinding, edging, and polishing. The company further provides bending, drilling, milling, tapping, boring, and sawing metal, as well as machining, welding, assembly, and painting of individual component parts. Through these processes, Olympic Steel precisely transforms metals to meet specific length, width, shape, and surface finish requirements. The firm serves a wide array of metal-consuming industries via a direct sales force. Its clientele includes manufacturers and fabricators across sectors such as transportation, material handling, construction, mining, agriculture, energy generation, automotive, food service, commercial appliances, and electrical equipment. They also supply to the military for vehicles and equipment, general and plate fabricators, and various metals service centers.
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