BlueScope Steel Ltd
ASX:BSL
Prices of ASX stocks are not being updated. The latest BSL price on Alpha Spread is from Oct 15, 2026. Financials, forecasts and intrinsic value keep updating.
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BlueScope Steel Ltd
ASX:BSL
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AU |
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Intrinsic Value
The intrinsic value of BlueScope Steel Ltd (BSL) under the Base Case is 25.27 AUD per share.
Compared with the last price of 30.67 AUD on Oct 15, the stock appears
Overvalued by 18% .
The intrinsic value is calculated using the DCF method. The model assumes net margin rises from 4.8% last year to 8.3% by 2031, above its five-year average of 6.1%. If net margin stayed at its five-year average of 6.1%, the estimate would be about AU$17.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What BlueScope Steel Does
BlueScope Steel makes steel and steel building products, with a strong focus on coated and painted steel used in construction, roofing, walls, sheds, and light industrial buildings. It also produces steel for manufacturing and infrastructure, including flat steel products that move into other makers and fabricators. In simple terms, BlueScope is a major middleman in the steel value chain: it turns raw steel into finished and semi-finished products that are easier for builders and manufacturers to use.
- Headquarters
- Australia AU
- Employees
- 16 500
- IPO date
- Jul 15, 2002
BlueScope Steel has no economic moat
Steel buyers can choose among BlueScope and other suppliers, including overseas mills and importers, so customers are not automatically locked in. The steel does not become more useful just because more buyers use BlueScope, and the company’s size does not shut other suppliers out of its markets.
Read the full moat analysis
Earnings Waterfall
BlueScope Steel Ltd
The intrinsic value for BlueScope Steel Ltd (BSL) under the Base Case is 25.27 AUD.
Compared with the last price of 30.67 AUD on Oct 15, the stock appears Overvalued by 18% .