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Olympic Steel

Nasdaq:ZEUS
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZEUS
Nasdaq
$106M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Olympic Steel has significant price volatility in the past 3 months.
ZEUS Share Price and Events
7 Day Returns
-6.3%
NasdaqGS:ZEUS
11.6%
US Metals and Mining
12.5%
US Market
1 Year Returns
-44.2%
NasdaqGS:ZEUS
-29.3%
US Metals and Mining
-12.7%
US Market
ZEUS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Olympic Steel (ZEUS) -6.3% -19.7% -46% -44.2% -49.7% -23.7%
US Metals and Mining 11.6% -18.7% -33.1% -29.3% -29.6% -13.8%
US Market 12.5% -14.7% -21.5% -12.7% 5.4% 17.5%
1 Year Return vs Industry and Market
  • ZEUS underperformed the Metals and Mining industry which returned -29.3% over the past year.
  • ZEUS underperformed the Market in United States of America which returned -12.7% over the past year.
Price Volatility
ZEUS
Industry
5yr Volatility vs Market

Value

 Is Olympic Steel undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Olympic Steel to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Olympic Steel.

NasdaqGS:ZEUS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ .080000
Payout Ratio Company Filings (2019-12-31) 465.3%
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ZEUS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.823 (1 + (1- 21%) (208.96%))
1.09
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.09 * 5.44%)
7.67%

Discounted Cash Flow Calculation for NasdaqGS:ZEUS using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Olympic Steel is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NasdaqGS:ZEUS Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.08 / (7.67% - 1.74%)
$1.35
NasdaqGS:ZEUS Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.35
Current discount Discount to share price of $9.68
= -1 x ($9.68 - $1.35) / $1.35
-617.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Olympic Steel is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Olympic Steel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Olympic Steel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ZEUS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.34
NasdaqGS:ZEUS Share Price ** NasdaqGS (2020-03-30) in USD $9.68
United States of America Metals and Mining Industry PE Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 7.78x
United States of America Market PE Ratio Median Figure of 2,942 Publicly-Listed Companies 12.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Olympic Steel.

NasdaqGS:ZEUS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ZEUS Share Price ÷ EPS (both in USD)

= 9.68 ÷ 0.34

28.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Olympic Steel is overvalued based on earnings compared to the US Metals and Mining industry average.
  • Olympic Steel is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Olympic Steel's expected growth come at a high price?
Raw Data
NasdaqGS:ZEUS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Metals and Mining Industry PEG Ratio Median Figure of 22 Publicly-Listed Metals and Mining Companies -0.09x
United States of America Market PEG Ratio Median Figure of 2,006 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Olympic Steel, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Olympic Steel's assets?
Raw Data
NasdaqGS:ZEUS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $28.04
NasdaqGS:ZEUS Share Price * NasdaqGS (2020-03-30) in USD $9.68
United States of America Metals and Mining Industry PB Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 1.07x
United States of America Market PB Ratio Median Figure of 5,143 Publicly-Listed Companies 1.26x
NasdaqGS:ZEUS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ZEUS Share Price ÷ Book Value per Share (both in USD)

= 9.68 ÷ 28.04

0.35x

* Primary Listing of Olympic Steel.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Olympic Steel is good value based on assets compared to the US Metals and Mining industry average.
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Value checks
We assess Olympic Steel's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Olympic Steel has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Olympic Steel expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Olympic Steel has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Olympic Steel expected to grow at an attractive rate?
  • Unable to compare Olympic Steel's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Olympic Steel's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Olympic Steel's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ZEUS Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:ZEUS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ZEUS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
NasdaqGS:ZEUS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,579 130 4
2019-09-30 1,689 112 3
2019-06-30 1,762 64 14
2019-03-31 1,785 -8 28
2018-12-31 1,715 -51 34
2018-09-30 1,594 -36 39
2018-06-30 1,468 -42 30
2018-03-31 1,371 -37 19
2017-12-31 1,331 -19 19
2017-09-30 1,277 -47 13
2017-06-30 1,214 -59 9
2017-03-31 1,132 -38 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Olympic Steel is high growth as no earnings estimate data is available.
  • Unable to determine if Olympic Steel is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ZEUS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Olympic Steel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ZEUS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
NasdaqGS:ZEUS Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.34
2019-09-30 0.30
2019-06-30 1.26
2019-03-31 2.46
2018-12-31 2.95
2018-09-30 3.44
2018-06-30 2.63
2018-03-31 1.66
2017-12-31 1.67
2017-09-30 1.12
2017-06-30 0.76
2017-03-31 0.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Olympic Steel will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Olympic Steel's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Olympic Steel's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Olympic Steel's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess Olympic Steel's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Olympic Steel has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Olympic Steel performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Olympic Steel's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Olympic Steel has delivered over 20% year on year earnings growth in the past 5 years.
  • Olympic Steel's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Olympic Steel's 1-year earnings growth is negative, it can't be compared to the US Metals and Mining industry average.
Earnings and Revenue History
Olympic Steel's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Olympic Steel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ZEUS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,579.04 3.86 263.29
2019-09-30 1,688.89 3.43 266.83
2019-06-30 1,761.64 14.44 270.72
2019-03-31 1,785.40 28.20 271.95
2018-12-31 1,715.08 33.76 267.47
2018-09-30 1,593.66 39.26 258.65
2018-06-30 1,468.12 29.94 246.55
2018-03-31 1,371.40 18.89 237.40
2017-12-31 1,330.70 18.96 234.02
2017-09-30 1,277.43 12.67 226.01
2017-06-30 1,214.25 8.64 222.10
2017-03-31 1,131.66 7.39 217.93
2016-12-31 1,055.12 -1.08 210.84
2016-09-30 1,037.72 -3.96 212.55
2016-06-30 1,046.38 -2.80 213.41
2016-03-31 1,088.03 -28.61 213.12
2015-12-31 1,175.54 -26.78 217.12
2015-09-30 1,264.73 -48.68 222.35
2015-06-30 1,364.43 -46.53 231.46
2015-03-31 1,435.22 -20.77 238.78
2014-12-31 1,436.27 -19.06 240.55
2014-09-30 1,400.05 6.45 238.66
2014-06-30 1,327.42 6.23 229.38
2014-03-31 1,272.18 5.26 224.96
2013-12-31 1,263.33 7.65 222.23
2013-09-30 1,264.58 -1.09 220.69
2013-06-30 1,303.15 -0.79 223.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Olympic Steel has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Olympic Steel used its assets less efficiently than the US Metals and Mining industry average last year based on Return on Assets.
  • Olympic Steel has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Olympic Steel's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Olympic Steel has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Olympic Steel's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Olympic Steel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Olympic Steel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Olympic Steel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Olympic Steel's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Olympic Steel Company Filings, last reported 3 months ago.

NasdaqGS:ZEUS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 308.35 195.97 5.74
2019-09-30 308.65 226.80 8.49
2019-06-30 308.46 264.65 6.37
2019-03-31 309.20 313.27 5.11
2018-12-31 306.99 302.53 9.32
2018-09-30 308.35 304.48 4.27
2018-06-30 296.79 297.67 5.50
2018-03-31 281.02 248.96 3.41
2017-12-31 272.58 197.17 3.01
2017-09-30 268.46 221.34 4.16
2017-06-30 266.26 211.66 4.13
2017-03-31 261.54 194.80 2.80
2016-12-31 253.39 166.42 2.32
2016-09-30 255.57 165.34 2.85
2016-06-30 257.37 144.31 3.99
2016-03-31 254.58 147.90 2.43
2015-12-31 254.70 148.49 1.60
2015-09-30 260.01 187.87 5.04
2015-06-30 260.26 212.51 6.93
2015-03-31 281.96 238.14 4.91
2014-12-31 280.78 247.62 2.24
2014-09-30 307.80 273.65 9.09
2014-06-30 305.99 238.13 4.71
2014-03-31 302.27 231.89 5.40
2013-12-31 298.62 200.26 3.19
2013-09-30 299.96 202.23 6.00
2013-06-30 298.42 208.65 3.80
  • Olympic Steel's level of debt (63.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (88.1% vs 63.6% today).
  • Debt is well covered by operating cash flow (66.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Olympic Steel's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Olympic Steel has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Olympic Steel's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.83%
Current annual income from Olympic Steel dividends.
If you bought $2,000 of Olympic Steel shares you are expected to receive $17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Olympic Steel's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.98%).
  • Olympic Steel's dividend is below the markets top 25% of dividend payers in United States of America (5.49%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:ZEUS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ZEUS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
NasdaqGS:ZEUS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-11 0.080 0.709
2019-11-08 0.080 0.494
2019-08-01 0.080 0.609
2019-02-08 0.080 0.537
2018-11-08 0.080 0.457
2018-08-02 0.080 0.390
2018-02-12 0.080 0.358
2017-08-03 0.080 0.396
2017-04-28 0.080 0.441
2017-02-14 0.080 0.393
2016-08-10 0.080 0.353
2016-04-29 0.080 0.317
2015-11-05 0.080 0.673
2015-08-06 0.080 0.712
2015-02-17 0.080 0.540
2014-08-07 0.080 0.437
2014-04-30 0.080 0.339
2014-02-10 0.080 0.289
2013-10-31 0.080 0.289
2013-05-03 0.080 0.300
2013-02-19 0.080 0.369
2012-11-08 0.080 0.397
2012-08-09 0.080 0.468
2012-05-03 0.080 0.485
2012-02-21 0.080 0.345
2011-11-04 0.080 0.333
2011-08-04 0.080 0.422
2011-05-06 0.080 0.292
2011-02-24 0.080 0.265
2010-11-04 0.080 0.309
2010-04-29 0.080 0.329
2009-10-29 0.080 0.261
2009-07-30 0.080 0.286
2009-04-29 0.080 0.380

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Olympic Steel is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Olympic Steel is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Olympic Steel's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Olympic Steel's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Olympic Steel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Olympic Steel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Olympic Steel has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Olympic Steel's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rick Marabito
COMPENSATION $1,489,865
AGE 55
TENURE AS CEO 1.2 years
CEO Bio

Mr. Richard T. Marabito, also known as Rick, is the Director & CEO of Olympic Steel Inc since January 1, 2019.He was the Chief Financial Officer of Olympic Steel Inc. from March 2000 to January 1 2019. Mr. Marabito served as Treasurer of Olympic Steel Inc., from March 2010 to 2012. Mr. Marabito served as Treasurer of Olympic Steel from 1994 to 2002 and as Corporate Controller from 1994 to March 2000 and served as its Assistant Secretary. Prior to joining Olympic Steel Inc., in 1994, he served as Corporate Controller for Waxman Industries, Inc., a publicly traded wholesale distribution company. He was employed by Arthur Andersen LLP in its Audit Division from 1985 to 1990. He has been Vice Chairman of Metals Service Center Institute since May 2016. He serves as a Director for OLP LLC, a joint venture of Olympic Steel Inc. He serves a Director of Metals Service Center Institute. He serves on the board of the Make-A-Wish Foundation of Northeast Ohio. He serves as a Member of the Board of Trustees for the Foundation for Continuing Education of MSCI. He served as a Director of Hawk Corp. from June 4, 2008 to December 1, 2011. Mr. Marabito is a Certified Public Accountant. He is a 1985 graduate of Mount Union College. Mr. Marabito serves on the Board of Trustees and was the Treasurer for Hawken School in Cleveland, Ohio.

CEO Compensation
  • Rick's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Rick's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Olympic Steel management team in years:

1.2
Average Tenure
61.5
Average Age
  • The average tenure for the Olympic Steel management team is less than 2 years, this suggests a new team.
Management Team

Michael Siegal

TITLE
Executive Chairman
COMPENSATION
$2M
AGE
67
TENURE
1.2 yrs

Rick Marabito

TITLE
CEO & Director
COMPENSATION
$1M
AGE
55
TENURE
1.2 yrs

David Wolfort

TITLE
President & Director
COMPENSATION
$2M
AGE
67
TENURE
19.2 yrs

Andrew Greiff

TITLE
President & COO
COMPENSATION
$1M
AGE
58
TENURE
0.2 yrs

Richard Manson

TITLE
Chief Financial Officer
COMPENSATION
$763K
AGE
50
TENURE
1.2 yrs

Don McNeeley

TITLE
Chairman and CEO of Chicago Tube & Iron
COMPENSATION
$2M
AGE
65
TENURE
8.7 yrs

Michelle Pearson-Casey

TITLE
Vice President of Corporate Communications & Marketing
TENURE
0.2 yrs

Ken Sloan

TITLE
Vice President of Human Resources
TENURE
4 yrs

Frank Ruane

TITLE
Executive Vice President of Supply Chain
TENURE
0.2 yrs

John Mooney

TITLE
President & COO of Flat Rolled
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Olympic Steel board of directors in years:

9.6
Average Tenure
63.5
Average Age
  • The tenure for the Olympic Steel board of directors is about average.
Board of Directors

Michael Siegal

TITLE
Executive Chairman
COMPENSATION
$2M
AGE
67
TENURE
26.2 yrs

Rick Marabito

TITLE
CEO & Director
COMPENSATION
$1M
AGE
55
TENURE
1.2 yrs

David Wolfort

TITLE
President & Director
COMPENSATION
$2M
AGE
67
TENURE
33.2 yrs

Howard Goldstein

TITLE
Independent Director
COMPENSATION
$147K
AGE
67
TENURE
16 yrs

Dirk Kempthorne

TITLE
Independent Director
COMPENSATION
$144K
AGE
67
TENURE
9.6 yrs

Mike Rippey

TITLE
Independent Director
COMPENSATION
$144K
AGE
62
TENURE
5.2 yrs

Art Anton

TITLE
Lead Independent Director
COMPENSATION
$151K
AGE
62

Ralph Della Ratta

TITLE
Independent Director
COMPENSATION
$144K
AGE
65
TENURE
15.8 yrs

Idie Kesner

TITLE
Independent Director
COMPENSATION
$58K
AGE
61
TENURE
1.8 yrs

Vanessa Whiting

TITLE
Independent Director
AGE
59
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Olympic Steel individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Mar 20 Buy Arthur Anton Individual 12. Mar 20 12. Mar 20 5,229 $9.56 $49,989
02. Mar 20 Buy Richard Marabito Individual 28. Feb 20 28. Feb 20 2,000 $12.15 $24,303
02. Mar 20 Buy Richard Manson Individual 28. Feb 20 28. Feb 20 1,000 $12.25 $12,250
07. Jun 19 Buy Ralph Della Ratta Individual 05. Jun 19 05. Jun 19 1,925 $12.83 $24,704
X
Management checks
We assess Olympic Steel's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Olympic Steel has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Calculating The Intrinsic Value Of Olympic Steel, Inc. (NASDAQ:ZEUS)

(NASDAQ:ZEUS) by estimating the company's future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $4.6m $11.0m $10.0m $13.0m $15.3m $17.3m $19.0m $20.5m $21.8m $23.0m Growth Rate Estimate Source Analyst x2 Analyst x1 Analyst x1 Analyst x1 Est @ 17.63% Est @ 13.16% Est @ 10.03% Est @ 7.84% Est @ 6.31% Est @ 5.23% Present Value ($, Millions) Discounted @ 14.65% $4.0 $8.4 $6.6 $7.5 $7.7 $7.6 $7.3 $6.9 $6.4 $5.9 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $68.0m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 14.7%.

Simply Wall St -

Read This Before Selling Olympic Steel, Inc. (NASDAQ:ZEUS) Shares

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Olympic Steel Olympic Steel Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by CEO & Director Richard Marabito for US$101k worth of shares, at about US$18.95 per share. … While Olympic Steel insiders bought shares last year, they didn't sell. … NasdaqGS:ZEUS Recent Insider Trading, August 19th 2019 Insiders at Olympic Steel Have Bought Stock Recently Over the last three months, we've seen a bit of insider buying at Olympic Steel.

Simply Wall St -

These 4 Measures Indicate That Olympic Steel (NASDAQ:ZEUS) Is Using Debt Extensively

NasdaqGS:ZEUS Historical Debt, August 2nd 2019 How Strong Is Olympic Steel's Balance Sheet? … Over the last three years, Olympic Steel saw substantial negative free cash flow, in total. … Our View On the face of it, Olympic Steel's conversion of EBIT to free cash flow left us tentative about the stock, and its level of total liabilities was no more enticing than the one empty restaurant on the busiest night of the year.

Simply Wall St -

Is Olympic Steel, Inc.’s (NASDAQ:ZEUS) Return On Capital Employed Any Good?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Olympic Steel: 0.076 = US$51m ÷ (US$799m - US$130m) (Based on the trailing twelve months to March 2019.) Therefore, Olympic Steel has an ROCE of 7.6%. … How Olympic Steel's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

What Kind Of Shareholder Owns Most Olympic Steel, Inc. (NASDAQ:ZEUS) Stock?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Olympic Steel is not a large company by global standards. … See our latest analysis for Olympic Steel NasdaqGS:ZEUS Ownership Summary, June 25th 2019 What Does The Institutional Ownership Tell Us About Olympic Steel? … NasdaqGS:ZEUS Income Statement, June 25th 2019 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions.

Simply Wall St -

Do Institutions Own Olympic Steel, Inc. (NASDAQ:ZEUS) Shares?

With a market capitalization of US$142m, Olympic Steel is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Olympic Steel NasdaqGS:ZEUS Ownership Summary, June 25th 2019 What Does The Institutional Ownership Tell Us About Olympic Steel? … Insider Ownership Of Olympic Steel The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

A Look At The Intrinsic Value Of Olympic Steel, Inc. (NASDAQ:ZEUS)

(NASDAQ:ZEUS) by taking the expected future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $87.30 $21.00 $21.00 $10.00 $11.00 $9.08 $8.05 $7.48 $7.16 $7.01 Growth Rate Estimate Source Analyst x2 Analyst x1 Analyst x1 Analyst x1 Analyst x1 Est @ -17.42% Est @ -11.37% Est @ -7.14% Est @ -4.18% Est @ -2.11% Present Value ($, Millions) Discounted @ 14.65% $76.14 $15.98 $13.93 $5.79 $5.55 $4.00 $3.09 $2.50 $2.09 $1.79 Present Value of 10-year Cash Flow (PVCF)= $130.87m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … NasdaqGS:ZEUS Intrinsic value, May 23rd 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Is Olympic Steel, Inc. (NASDAQ:ZEUS) A Financially Sound Company?

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like Olympic Steel, Inc. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

How Many Olympic Steel, Inc. (NASDAQ:ZEUS) Shares Did Insiders Buy, In The Last Year?

So we'll take a look at whether insiders have been buying or selling shares in Olympic Steel, Inc. … The Last 12 Months Of Insider Transactions At Olympic Steel. … In the last twelve months Olympic Steel insiders were buying shares, but not selling

Simply Wall St -

Those Who Purchased Olympic Steel (NASDAQ:ZEUS) Shares Five Years Ago Have A 40% Loss To Show For It

During five years of share price growth, Olympic Steel moved from a loss to profitability. … Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining. … We don't think that the 0.5% is big factor in the share price, since it's quite small, as dividends go.

Simply Wall St -

Company Info

Description

Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts. The Specialty Metals Flat Products segment sells and distributes processed aluminum and stainless flat-rolled sheets and coil products, flat bar products, and fabricated parts. The Tubular and Pipe Products segment distributes metal tubing products, pipes, bars, valves and fittings, and fabricated pressure parts. The company also provides various processing services comprising cutting-to-length, slitting, flattening, sawing and shearing, and value-added processing of blanking, tempering, plate burning, laser cutting, precision machining, welding, fabricating, bending, beveling, polishing, kitting, and painting to process metals to specified lengths, widths, and shapes. It serves metal consuming industries, such as manufacturers and fabricators of transportation and material handling lift equipment, construction, mining and farm equipment, storage tanks, environmental and energy generation equipment, automobiles, food service and electrical equipment, and military vehicles and equipment, as well as general and plate fabricators, and metals service centers through direct sales force. The company was founded in 1954 and is headquartered in Bedford Heights, Ohio.

Details
Name: Olympic Steel, Inc.
ZEUS
Exchange: NasdaqGS
Founded: 1954
$106,438,753
10,995,739
Website: http://www.olysteel.com
Address: Olympic Steel, Inc.
5096 Richmond Road,
Bedford Heights,
Ohio, 44146,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ZEUS Common Stock Nasdaq Global Select US USD 10. Mar 1994
DB OYS Common Stock Deutsche Boerse AG DE EUR 10. Mar 1994
Number of employees
Current staff
Staff numbers
1,860
Olympic Steel employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 01:08
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.