A Business at a Glance
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OLYMPIC STEEL INC
ZEUS
$374M
Mkt Cap
OLYMPIC STEEL INC (ZEUS) has a current P/E ratio of 40.9, compared to its historical median P/E of 16.3. The stock is currently considered Expensive based on its historical valuation range.
OLYMPIC STEEL INC (ZEUS) has a 5-year average return on invested capital (ROIC) of 8.8%. This is below average and may indicate limited pricing power.
OLYMPIC STEEL INC (ZEUS) has a market capitalization of $536M. It is classified as a small-cap stock.
Yes, OLYMPIC STEEL INC (ZEUS) pays a dividend with a trailing twelve-month yield of 1.31%.
Based on historical P/E analysis, OLYMPIC STEEL INC (ZEUS) appears expensive. The current P/E of 40.9 is 152% above its historical median of 16.3. The estimated fair value CAGR (P/E method) is 52.1%.
OLYMPIC STEEL INC (ZEUS) operates in the Wholesale-Metals Service Centers & Of Fices industry, within the Consumer Cyclical sector.
OLYMPIC STEEL INC (ZEUS) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
The Company We are a leading metals service center focused on the direct sale and value-added processing of carbon and coated sheet, plate and coil products; stainless steel sheet, plate, bar and coil; aluminum sheet, plate and coil; pipe, tube, bar, valves and fittings, tin plate and metal-intensive end-use products. We provide metals processing and distribution services for a wide range of customers. We operate in three reportable segments: specialty metals flat products, carbon flat products, and tubular and pipe products. Our specialty metals flat products segment's focus is on the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, prime tin mill products and fabricated parts.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.9B | 2.2B | 2.6B | 2.3B | 1.2B |
| Net Income | 14M | 23M | 45M | 91M | 121M | -5.6M |
| EPS | $1.17 | $1.97 | $3.85 | $7.87 | $10.52 | $-0.49 |
| Free Cash Flow | 42M | 4.2M | 154M | 166M | -157M | 52M |
| ROIC | 4.5% | 4.5% | 7.7% | 14.7% | 17.1% | 0.1% |
| Gross Margin | - | 23.2% | 21.9% | 19.0% | 22.1% | 20.7% |
| Debt/Equity | 0.00 | 0.47 | 0.34 | 0.32 | 0.77 | 0.53 |
| Dividends/Share | $0.63 | $0.60 | $0.50 | $0.36 | $0.08 | $0.08 |
| Operating Income | 35M | 48M | 78M | 134M | 172M | 500K |
| Operating Margin | 1.9% | 2.5% | 3.6% | 5.2% | 7.5% | 0.0% |
| ROE | 2.4% | 4.1% | 8.0% | 17.6% | 28.5% | -1.9% |
| Shares Outstanding | 11M | 12M | 12M | 12M | 12M | 11M |
| Metric | |||||||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 1.6B | 1.2B | 2.3B | 2.6B | 2.2B | 1.9B | 1.9B |
| Gross Margin | 18.9% | 20.7% | 22.1% | 19.0% | 21.9% | 23.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 17M | 500K | 172M | 134M | 78M | 48M | 35M |
| Op. Margin | 1.1% | 0.0% | 7.5% | 5.2% | 3.6% | 2.5% | 1.9% |
| Net Income | 3.9M | -5.6M | 121M | 91M | 45M | 23M | 14M |
| Net Margin | 0.2% | -0.5% | 5.2% | 3.6% | 2.1% | 1.2% | 0.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | 2.4% | 0.1% | 17.1% | 14.7% | 7.7% | 4.5% | 4.5% |
| ROE | 1.3% | -1.9% | 28.5% | 17.6% | 8.0% | 4.1% | 2.4% |
| ROA | 0.6% | -0.9% | 11.8% | 10.2% | 4.5% | 2.3% | 1.3% |
| Cash Flow | |||||||
| Op. Cash Flow | 130M | 62M | -146M | 186M | 175M | 34M | 74M |
| Free Cash Flow | 119M | 52M | -157M | 166M | 154M | 4.2M | 42M |
| Owner Earnings | 108M | 40M | -168M | 164M | 146M | 769K | 41M |
| CapEx | 10M | 9.8M | 11M | 20M | 21M | 29M | 32M |
| Maint. CapEx | 20M | 20M | 21M | 20M | 27M | 31M | 31M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 1.3M |
| D&A | 20M | 20M | 21M | 20M | 27M | 31M | 31M |
| CapEx/OCF | 7.8% | 15.9% | N/A | 10.7% | 12.2% | 87.6% | 43.4% |
| Capital Allocation | |||||||
| Dividends Paid | 879K | 885K | 886K | 4.0M | 5.6M | 6.7M | 7.0M |
| Dividend Yield | 0.5% | 0.7% | 0.3% | 1.2% | 1.0% | 1.1% | 1.3% |
| Share Buybacks | 1.5M | 145K | 0 | 2.2M | 0 | 0 | 0 |
| Buyback Yield | 0.8% | 0.1% | N/A | 0.6% | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.2M | 1.2M | 1.0M | 1.3M | 1.8M | 2.0M | 2.0M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||
| Net Debt | 187M | 155M | 318M | 153M | 177M | 261M | -7.5M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | 7.5M |
| Long-Term Debt | 193M | 161M | 328M | 166M | 190M | 272M | 272M |
| Debt/Equity | 0.63 | 0.53 | 0.77 | 0.32 | 0.34 | 0.47 | 0.00 |
| Interest Coverage | 1.5 | 0.1 | 22.6 | 13.3 | 4.9 | 2.9 | 2.9 |
| Equity | 308M | 301M | 424M | 516M | 555M | 574M | 579M |
| Total Assets | 650M | 641M | 1.0B | 892M | 985M | 1.0B | 1.1B |
| Total Liabilities | 341M | 340M | 599M | 376M | 429M | 471M | 511M |
| Intangibles | 33M | 38M | 44M | 43M | 145M | 202M | 202M |
| Retained Earnings | 179M | 173M | 293M | 380M | 419M | 435M | 435M |
| Working Capital | 319M | 275M | 565M | 493M | 423M | 448M | 448M |
| Current Assets | 420M | 402M | 789M | 658M | 603M | 581M | 581M |
| Current Liabilities | 101M | 127M | 224M | 165M | 180M | 133M | 133M |
| Per Share Data | |||||||
| EPS | 0.34 | -0.49 | 10.52 | 7.87 | 3.85 | 1.97 | 1.17 |
| Owner EPS | 9.51 | 3.54 | -14.63 | 14.22 | 12.64 | 0.07 | 3.68 |
| Book Value | 27.19 | 26.36 | 36.89 | 44.66 | 48.03 | 49.20 | 51.72 |
| Cash Flow/Share | 11.43 | 5.40 | -12.72 | 16.09 | 15.14 | 2.89 | 3.99 |
| Dividends/Share | 0.08 | 0.08 | 0.08 | 0.36 | 0.50 | 0.60 | 0.63 |
| Shares Out. | 11.3M | 11.4M | 11.5M | 11.6M | 11.6M | 11.7M | 11.2M |
| Valuation | |||||||
| P/E Ratio | 48.8 | N/A | 2.0 | 4.0 | 17.1 | 16.3 | 40.9 |
| P/FCF | 1.6 | 2.8 | N/A | 2.2 | 4.9 | 89.2 | 12.8 |
| EV/EBIT | 22.6 | 595.9 | 3.3 | 3.9 | 12.1 | 13.3 | 14.9 |
| Price/Book | 0.6 | 0.5 | 0.6 | 0.7 | 1.4 | 0.7 | 0.9 |
| Price/Sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | 0.3 |
| FCF Yield | 63.5% | 36.3% | -63.5% | 45.2% | 20.2% | 1.1% | 7.8% |
| Market Cap | 188M | 143M | 248M | 367M | 761M | 374M | 536M |
| Avg. Price | 14.25 | 11.29 | 24.20 | 27.92 | 47.89 | 49.81 | 47.86 |
| Year-End Price | 16.58 | 12.51 | 21.55 | 31.77 | 65.77 | 32.04 | 47.86 |
OLYMPIC STEEL INC passes 3 of 9 quality checks, indicating weak fundamentals.
OLYMPIC STEEL INC trades at 40.9x trailing earnings, compared to its 15-year median P/E of 16.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 12.8x vs a median of 2.8x. The company's 5-year average ROIC is 8.8% with a gross margin of 21.4%. Total shareholder yield (dividends) is 1.3%. At current prices, the estimated annualized return to fair value is -5.4%.
OLYMPIC STEEL INC (ZEUS) has a net profit margin of 1.2%. This is a modest margin.
OLYMPIC STEEL INC (ZEUS) generated $4 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
OLYMPIC STEEL INC (ZEUS) has a debt-to-equity ratio of 0.47. This indicates a conservatively financed balance sheet.
OLYMPIC STEEL INC (ZEUS) reported earnings per share (EPS) of $1.97 in its most recent fiscal year.
OLYMPIC STEEL INC (ZEUS) has a return on equity (ROE) of 4.1%. This indicates moderate shareholder returns.
OLYMPIC STEEL INC (ZEUS) has a 5-year average gross margin of 21.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 6 years of financial data for OLYMPIC STEEL INC (ZEUS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
OLYMPIC STEEL INC (ZEUS) has a book value per share of $49.20, based on its most recent annual SEC filing.