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How to buy Bluescope Steel (BSL) shares in Australia

Learn how to easily invest in Bluescope Steel shares.

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 $17.5 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in Bluescope Steel

To buy shares listed in Australia such as Bluescope Steel, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. 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.
  3. 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.
  4. 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.
  5. 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 2024-07-19.
52-week range$17.0405 - $24.255
50-day moving average $20.7342
200-day moving average $21.6428
Target price$23.61
PE ratio 11.6304
Dividend yield $0.5 (2.34%)
Earnings per share (TTM) $1.84

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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.
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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$21.2

1 week (2024-07-16) 1.63%
1 month (2024-06-21) 5.89%
3 months (2024-04-23) -7.87%
6 months (2024-01-23) -6.48%
1 year (2023-07-21) 4.90%
2 years (2022-07-22) 30.06%
3 years (2021-07-23) -6.48%
5 years (2019-07-23) 64.85%

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 12x. In other words, Bluescope Steel shares trade at around 12x 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 $1.9 billion (£0.0 million).

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

Bluescope Steel financials

Revenue TTM $17.5 billion
Operating margin TTM 8.21%
Gross profit TTM $6.8 billion
Return on assets TTM 5.58%
Return on equity TTM 8.83%
Profit margin 4.86%
Book value 23.457
Market capitalisation $9.4 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 12/31/2018) 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

27%

Dividend payout ratio: 27.21% of net profits

Recently Bluescope Steel has paid out, on average, around 27.21% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.34% 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 2.34% 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 fairly standard, it's worth remembering that Bluescope Steel may be investing much of the rest of its net profits in future growth.

The latest dividend was paid out to all shareholders who bought their shares by 22 February 2024 (the "ex-dividend date").

Have Bluescope Steel's shares ever split?

Bluescope Steel's shares were split on a 1:6 basis on 6 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 $17.0405 up to $24.255. A popular way to gauge a stock's volatility is its "beta".

BSL.AU volatility(beta: 1.31)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 1.31. 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, Asia, North America, and internationally. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Coated Products Asia, Buildings and Coated Products 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, 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.

Bluescope Steel in the news

There are no recent company news

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