Olympic Steel processes and distributes metal products in the United States, Canada, Puerto Rico, Mexico, and internationally. It operates in two segments, Flat Products, and Tubular and Pipe Products. The company was founded in 1954 and is based in Bedford Heights, Ohio.
ZEUS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for ZEUS, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Olympic Steel Inc ranked in the 59th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Olympic Steel Inc, consider:
As a business, ZEUS is generating more cash flow than merely 21.53% of positive cash flow stocks in the Basic Materials.
45% of the company's capital comes from equity, which is greater than merely 20.23% of stocks in our cash flow based forecasting set.
Olympic Steel Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.47. This coverage rate is greater than that of merely 23.24% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Basic Materials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ZEUS, try SCL, CE, CSL, ROCK, and HGLD.
Olympic Steel, Inc. (ZEUS) Q2 2020 Earnings Conference Call August 06, 2020 10:00 AM ET Company Participants Rich Manson - Chief Financial Officer Rick Marabito - Chief Executive Officer Andrew Greiff - President and Chief Operating Officer Conference Call Participants Chris Sakai - Singular Research Presentation Operator Good morning, and...
CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the opening of its newest 120,000-square-foot metal processing facility, located in Buford, Georgia. The location expands the Company’s southeastern region footprint, which also includes facilities in Locust, North Carolina; Winder, Georgia; and Hanceville, Alabama. The Buford facility will act as the region’s primary flat rolled fabrication hub, with first-stage metal proces
CLEVELAND--(BUSINESS WIRE)--Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the three months ended March 31, 2020. Net income for the first quarter totaled $0.6 million, or $0.05 per diluted share, compared to $2.1 million, or $0.18 per diluted share, in the first quarter of 2019. Sales for the first quarter of 2020 totaled $354 million, compared with $446 million in the first quarter of 2019. The results include $0.5 million o