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How to buy Bluescope Steel (BSL) shares

Learn how to easily invest in Bluescope Steel shares.

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Bluescope Steel is a steel business based in Australia. Bluescope Steel shares (BSL) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Bluescope Steel has a trailing 12-month revenue of around $16.5 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in Bluescope Steel

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for Bluescope Steel. Find the share by name or ticker symbol: BSL. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Bluescope Steel reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check on your investment. Congratulations, you own a part of Bluescope Steel. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Bluescope Steel stock price (ASX:BSL)

Use our graph to track the performance of BSL stocks over time.

Bluescope Steel shares at a glance

Information last updated 2022-06-21.
52-week range$15.35 - $25.6017
50-day moving average $18.905
200-day moving average $20.1003
Target price$23.98
PE ratio 3.2028
Dividend yield $0.5 (3.22%)
Earnings per share (TTM) $4.955

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
1 - 10 of 10
Name Product Standard brokerage fee Inactivity fee Markets
ThinkMarkets Share Trading
$8
No
ASX shares
Exclusive: Sign up through Finder and get 3 months of free trading up to 50 trades. Offer available to new customers only.
Following your first three months, enjoy $8 flat fee CHESS sponsored brokerage as well as free live stock data all from the convenience of an easy-to-use mobile app
IG Share Trading
$5 – 8
No
ASX shares, US shares, UK shares, ETFs, and more
Exclusive: Finder customers who apply for a share trading account in June will be able to trade Aussie shares from $2.50 commission until the end of August. T&Cs apply.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Tiger Brokers
Exclusive
Tiger Brokers
$6.49
No
ASX shares, Global shares, Options trading, US shares, ETFs
Exclusive to Finder: Sign up to Tiger through Finder and on completion of your first deposit of any amount or transfer of shares receive 4 extra free grab shares. T&Cs apply.
Get started with $0 brokerage on ASX and US stocks for the first 3 months upon completion of your first qualifying deposit. Also receive a free Apple share if you deposit $3,000 or more.
SelfWealth (Basic account)
$9.5
No
ASX shares, US shares
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
CMC Markets Invest
$0
No
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 35,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges. Plus, buy Aussie shares for $0 brokerage up to $1,000. (Limited to one buy order per stock per trading day).
Bendigo Invest Direct
$19.95
No
ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants
Gain access to 12 markets from one account with Bendigo.
Invest in Australian shares and access major international markets through a trusted local brand. Plus, fine tune your investment knowledge with Bendigo’s advanced research and analysis tools.
GO Markets Share Trading
$7.70
No
ASX shares, Forex, CFDs, ETFs
Zero Brokerage on your next 50 trades!
Simply transfer an existing HIN before 30 June and pay no fees on your next 50 transactions. Alternatively, transfer your existing shares and receive 5 transactions at zero cost for each shareholding transferred, once again up to 50 free trades. T & Cs apply
Saxo Capital Markets (Classic account)
$5
No
ASX shares, Global shares, ETFs
Access 22,000+ stocks on 50+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
Bell Direct Share Trading
$15
No
ASX shares, mFunds, ETFs
Get $300 free brokerage until 30 June when you move to Bell Direct. T&Cs apply.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
Superhero share trading
$5
No
ASX shares, US shares, ETFs
Sign up & fund your account with A$100 or more and receive US$10 of Tesla stocks on Superhero. T&Cs apply.
Enjoy $0 brokerage on US stocks and buying ETFs as well as a flat $5 fee to trade Australian shares.
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Is it a good time to buy Bluescope Steel stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Bluescope Steel price performance over time

Historical closes compared with the last close of A$15.47

1 week (2022-06-17) -1.28%
1 month (2022-05-25) -14.39%
3 months (2022-03-25) -27.91%
6 months (2021-12-24) -26.19%
1 year (2021-06-25) -30.50%
2 years (2020-06-25) 40.13%
3 years (2019-06-25) 32.45%
5 years (2017-06-23) 23.96%

Is Bluescope Steel under- or over-valued?

Valuing Bluescope Steel stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Bluescope Steel's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Bluescope Steel's P/E ratio

Bluescope Steel's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Bluescope Steel shares trade at around 3x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Bluescope Steel's EBITDA

Bluescope Steel's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $3.8 billion (£2.2 billion).

The EBITDA is a measure of a Bluescope Steel's overall financial performance and is widely used to measure a its profitability.

Bluescope Steel financials

Revenue TTM $16.5 billion
Operating margin TTM 20.68%
Gross profit TTM $5.5 billion
Return on assets TTM 16.33%
Return on equity TTM 32.1%
Profit margin 15.18%
Book value 18.191
Market capitalisation $7.5 billion

TTM: trailing 12 months

Bluescope Steel's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Bluescope Steel.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Bluescope Steel's total ESG risk score

Total ESG risk: 41.02

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Bluescope Steel's overall score of 41.02 (as at 01/01/2019) is pretty weak – landing it in it in the 81st percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Bluescope Steel is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Bluescope Steel's environmental score

Environmental score: 19.5/100

Bluescope Steel's environmental score of 19.5 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that Bluescope Steel is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Bluescope Steel's social score

Social score: 15.58/100

Bluescope Steel's social score of 15.58 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that Bluescope Steel is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Bluescope Steel's governance score

Governance score: 9.93/100

Bluescope Steel's governance score puts it squarely in the 6th percentile of companies rated in the same sector. That could suggest that Bluescope Steel is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Bluescope Steel's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Bluescope Steel scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Bluescope Steel has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Bluescope Steel Ltd was last rated for ESG on: 2019-01-01.

Total ESG score 41.02
Total ESG percentile 81.36
Environmental score 19.5
Environmental score percentile 6
Social score 15.58
Social score percentile 6
Governance score 9.93
Governance score percentile 6
Level of controversy 2

Bluescope Steel share dividends

9%

Dividend payout ratio: 9.22% of net profits

Recently Bluescope Steel has paid out, on average, around 9.22% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.22% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Bluescope Steel shareholders could enjoy a 3.22% return on their shares, in the form of dividend payments. In Bluescope Steel's case, that would currently equate to about A$0.5 per share.

While Bluescope Steel's payout ratio might seem low, this can signify that Bluescope Steel is investing more in its future growth.

The latest dividend was paid out to all shareholders who bought their shares by 25 February 2022 (the "ex-dividend date").

Have Bluescope Steel's shares ever split?

Bluescope Steel's shares were split on a 1:6 basis on 7 December 2012. So if you had owned 6 shares the day before the split, the next day you would own 1 share. This wouldn't directly have changed the overall worth of your Bluescope Steel shares – just the quantity. However, indirectly, the new 500% higher share price could have impacted the market appetite for Bluescope Steel shares which in turn could have impacted Bluescope Steel's share price.

Bluescope Steel share price volatility

Over the last 12 months, Bluescope Steel's shares have ranged in value from as little as $15.35 up to $25.6017. A popular way to gauge a stock's volatility is its "beta".

BSL.AU volatility(beta: 1.43)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Bluescope Steel's is 1.4339. This would suggest that Bluescope Steel's shares are more volatile than the average for this exchange and represent, relatively speaking, a higher risk (but potentially also market-beating returns).

Bluescope Steel overview

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Thailand, Indonesia, Malaysia, Vietnam, North America, the Pacific Islands, and Asia. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Building Products Asia & North America, Buildings North America, and New Zealand & Pacific Islands. It offers steel slabs, plates, hot and cold rolled coils, coated and painted strip products, roof and wall claddings, and purlins and house framings under the LYSAGHT steel building products, COLORBOND steel, COLORSTEEL, ZINCALUME steel, GALVABOND steel, GALVASPAN steel, BlueScope Zacs, and SuperDyma brands. The company also provides engineered building solutions to industrial and commercial markets under the Butler, Varco Pruden, EcoBuild, and PROBUILD brands. It serves customers in the residential and non-residential building, and construction; manufacturing, automotive and transport, agricultural, and mining industries directly, as well as through a network of service centers and steel distribution businesses. The company was formerly known as BHP Steel Limited and changed its name to BlueScope Steel Limited in November 2003. BlueScope Steel Limited was founded in 1885 and is headquartered in Melbourne, Australia.

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