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Vulcan Steel Ltd. (VSL) Share Price & Analysis
VSL Stock Chart & Stats
- Day’s Range
- AUD 5.53 - AUD 5.70
- 52-Week Range
- AUD 4.59 - AUD 7.98
- Previous Close
- AUD 5.74
- Volume
- 31.78K
- Average Volume (3M)
- 56.86K
- Market Cap
- AUD 813.24M
- Enterprise Value
- AUD 1.25B
- Total Cash (Recent Filing)
- AUD 30.70M
- Total Debt (Recent Filing)
- AUD 631.29M
- Price to Earnings (P/E)
- 47.8
- Beta
- 1.21
- Next Earnings
- Feb 16, 2027 (Est.)
- EPS Estimate
- 0.1
- Last Dividend Ex-Date
- Oct 01, 2026
- Dividend Yield
- 1.10%
Bulls Say, Bears Say
Bulls Say
Revenue Recovery
The strong 2026 revenue rebound indicates recovering customer demand across Vulcan’s steel distribution and processing markets. Sustained volume recovery would improve operating leverage and provide a broader base for earnings and cash generation over the next several quarters.
Positive Cash Generation
Positive operating and free cash flow supports liquidity and demonstrates that the business can convert ongoing operations into funding for working capital, investment and debt service. This provides resilience even though cash conversion remains exposed to steel inventory cycles.
Improved Equity Base
A stronger equity base improves balance-sheet resilience and has reduced leverage from prior levels. While debt remains substantial, this capital improvement gives Vulcan greater capacity to absorb cyclical volatility and support operations through changing steel demand conditions.
Bears Say
Elevated Leverage
High leverage remains a material structural risk because steel demand and margins are cyclical. Interest and debt obligations can constrain investment and cash flexibility, while a downturn in construction or manufacturing could amplify pressure on earnings and equity.
Thin Profit Margins
Thin net margins leave limited protection against procurement costs, pricing pressure and weaker volumes. Profitability well below prior-cycle peaks suggests Vulcan has limited durable pricing power, making earnings more dependent on market conditions and operating discipline.
Volatile Cash Conversion
Uneven cash conversion shows that working-capital and reinvestment requirements can materially change liquidity from year to year. Inventory movements and steel-price volatility may therefore weaken free cash flow even when accounting earnings remain positive.
Vulcan Steel Ltd. News
Vulcan Steel lifts profit and dividend as it navigates tougher markets and advances governance overhaul
An update from Vulcan Steel Ltd. ( ($AU:VSL) ) is now available. Vulcan Steel used its 2026 annual shareholder meeting to highlight a resilient financial performance in a challenging macroeconomic
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Vulcan Steel Ltd. Stock Smart Score
Company Description
Vulcan Steel Ltd.
Vulcan Steel Limited, operating with its subsidiaries, focuses on the distribution and sale of steel and various metal products across New Zealand and Australia. The company's activities are structured into two principal divisions: Steel and Metals. Its product range is comprehensive, featuring hollow sections; general merchant steel items such as bars, beams, angles, channels, and raw coils and plates; and a variety of stainless steel goods including hollows, bars, fittings, and sheets. They also supply specialized high-performance steel and metal products. In addition to sales, Vulcan Steel provides a suite of processing services like cutting, drilling, tapping, countersinking, and folding for plates, alongside sheeting and slitting capabilities. Established in 1995, Vulcan Steel Limited maintains its primary base in Auckland, New Zealand.
- Sector
- Basicmaterials
- Industry
- Steel
- CEO
- Gavin William Street B.Comp
- Employees
- 1,669
- Website
- www.vulcan.co
- Address
- 116 Harris Road, Auckland, AUK, 2013, NZ
Vulcan Steel Ltd. (VSL) Earnings & Revenues
VSL Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 10 | 3 | 9 |
| Technical Analysis | 4 | 3 | 3 |
| Moving Averages | 6 | 0 | 6 |








