Ke hoʻonui ikaika nei ʻo Olympic Steel Inc. (NASDAQ: ZEUS) i kāna ʻoihana ma o ke kūʻai ʻana i nā ʻoihana e pili pono ana i kāna mau ʻāpana ʻoihana. Ua piʻi aʻe kāna loaʻa kālā i ka makahiki i hala ma muli o ka supercycle waiwai, akā ua loaʻa iā Olympic Steel nā pilikia ma muli o ka hāʻule ʻana o nā kumukūʻai metala, ka mea i hoʻohaʻahaʻa i kāna waihona. Ua ʻoi aku ke kumukūʻai o ka waihona ma mua o ka S&P 500 a me Dow Jones Industrial Metals & Mining index (DJUSIM) ma mua o 30%. Ua ʻoi aku ke kumukūʻai o ka waihona ma mua o ka S&P 500 a me Dow Jones Industrial Metals & Mining index (DJUSIM) ma mua o 30%. Цена акций превысила индекс S&P 500 a me Dow Jones Industrial Metals & Mining (DJUSIM) a me ka 30%. Ua ʻoi aku ka maikaʻi o ke kumukūʻai o ka waihona ma mua o ka S&P 500 a me ka Dow Jones Industrial Metals & Mining (DJUSIM) ma mua o 30%. Акции торгуются более чем на 30% выше индекса S&P 500 и промышленного индекса Dow Jones Industrial Metals & Mining (DJUSIM). ʻOi aku ke kālepa ʻana o ka waihona ma mua o 30% ma luna o ka S&P 500 a me ka Dow Jones Industrial Metals & Mining (DJUSIM).
ʻOiai ua hōʻike ʻo Olympic Steel i kahi pilina maikaʻi ikaika me ka helu kumukūʻai metala i ka wā o ka piʻi ʻana o ke kila i hoʻomaka i ka wā o ka maʻi ahulau COVID-19, ʻo ka nīnau i kēia manawa inā hiki i ka hui ke hoʻomau i ka ulu ʻana a ʻae i kāna mau peʻa e kuhikuhi i ke kuhikuhi, ʻaʻole i ka makani.
ʻOiai he kūʻai maikaʻi ka ʻoihana ma lalo o nā kūlana maʻamau, ʻaʻohe oʻu manaʻo e pili ana i ka hoʻokele waiwai o kēia manawa a hiki i ka hoʻi ʻana o nā kumukūʻai waiwai i nā pae maʻamau, ma ka liʻiliʻi ma ka hopena o ka makahiki.
ʻO Olympic Steel, Inc., he hui lehulehu liʻiliʻi me ka waihona kālā mākeke o US$293.77 miliona, he kikowaena lawelawe metala e hana a kūʻai aku i nā metala ma ʻAmelika Hui Pū ʻIa. Hoʻokele ka hui i ʻekolu mau ʻāpana ʻoihana kaʻawale;
Nā Pā Metala Kūikawā a me nā Pā Kalapona: Hoʻohui pinepine ʻia kēia mau māhele ʻelua ma muli o ke ʻano like o nā kumuwaiwai i hoʻohana ʻia e nā māhele ʻelua, e hopena ana i ka kaʻana like ʻana i nā kumukūʻai. Wahi a ka hōʻike makahiki a ka hui, ua mālama ʻia nā huahana o nā māhele ʻelua i nā hale like, a ma kekahi mau wahi ua hana ʻia ma nā lako i kaʻana like ʻia. ʻO ka huahana pālahalaha kalapona a me nā ʻāpana metala kūikawā i hoʻoulu i ka hapa nui o ka loaʻa kālā no Olympic Steel, e helu ana i 55% a me 29% o ka loaʻa kālā ma ka MRQ. ʻO ka huahana pālahalaha kalapona a me nā ʻāpana metala kūikawā i hoʻoulu i ka hapa nui o ka loaʻa kālā no Olympic Steel, e helu ana i 55% a me 29% o ka loaʻa kālā ma ka MRQ.ʻO nā ʻāpana Carbon Flat a me Specialty Metals ka mea i hoʻoulu i ka hapa nui o ka loaʻa kālā o Olympic Steel, e helu ana i 55% a me 29% o ka loaʻa kālā o MRQ.ʻO nā ʻāpana pālahalaha kalapona a me nā ʻāpana metala kūikawā ka hapa nui o ka loaʻa kālā o Olympic Steel, e helu ana i 55% a me 29% o ka loaʻa kālā o MRQ.
ʻO ka ʻāpana Carbon & Specialty Sheets e komo pū ana me 33 mau hale hana hoʻomaʻemaʻe a me ke kūʻai aku ʻana ma ʻAmelika Hui Pū ʻIa a hoʻokahi ma Monterrey, Mekiko.
ʻO ka ʻāpana ʻekolu o ka hui, ʻo Tubular Products, aia i loko o ʻewalu mau waiwai a he 16% o ka loaʻa kālā o MRQ. Ke neʻe mālie nei ka hui i kāna nānā ʻana i ka ʻāpana metala kūikawā, a ua maopopo mai ka loaʻa kālā makahiki ua piʻi ka loaʻa kālā mai nā huahana pālahalaha. I ka ʻaoʻao ʻē aʻe, ua emi ka hana ʻana o nā paipu a me nā huahana paipu.
ʻO nā lawelawe ʻoihana e hāʻawi nui ʻia e nā mea hana mīkini ʻoihana a me nā lako hana, nā mea hana kaʻa, nā mea hana lako uila a me nā mea hana mīkini mahiʻai.
ʻO nā mea kūʻai aku koʻikoʻi o ka ʻoihana he mau mea hana o nā mīkini ʻoihana a me nā lako, nona ka ʻoi aku ma mua o 27.4% o nā kūʻai aku ʻupena a MRQ. Ua hōʻike ʻia nā helu pili ʻē aʻe ma ka papa ma lalo nei.
I Kepakemapa 2021, ua kūʻai aku ʻo Olympic Steel i kāna ʻāpana ʻoihana Detroit iā Venture Steel Inc. no $58.4 miliona me kahi hoʻoponopono kapikala hana o kahi $13.5 miliona e pani ai i ka hoʻomaka o 2022. Hōʻike kēia i kahi hoʻomaikaʻi ʻana i ke kahe kālā mai nā hana hoʻopukapuka kālā i kāna mau hōʻike kālā, kahi i emi iho ma mua o 50% mai $28.1 miliona i ka makahiki 2020 a i ka huina pohō o $13.5 miliona i ka hopena o 2021.
"Ke hoʻomau nei mākou i ka nānā ʻana i kā mākou hoʻolālā lōʻihi e hoʻonui i ka hoʻololi ʻana i kā mākou ʻoihana, e hāʻawi i ka loaʻa kālā mau a hoʻonui i ka waiwai o ka mea kuleana. E hoʻohana ʻia nā loaʻa mai ke kūʻai aku ʻana o ka ʻoihana Detroit e hōʻemi i ka hōʻaiʻē, e hopena ana i ka maʻalahi no nā loaʻa kālā organik a me nā hoʻopukapuka kālā i nā hoʻolālā no ka ulu ʻana a me ka automation."
I nā makahiki i hala iho nei, ua hoʻololi ʻo Olympic Steel i kona manaʻo mai nā huahana pālahalaha kalapona i nā pepa metala kūikawā. Ke ʻimi nei ia e hoʻohui i nā mea hana metala nui i loko o kāna kumu hoʻohālike ʻoihana ma o ka loaʻa ʻana o nā ʻoihana ma ka ʻoihana like.
Ke kālele nei nā hana ma Detroit i ka hāʻawi ʻana i nā pālahalaha kalapona i nā mea hana kaʻa kūloko a me kā lākou mea hoʻolako, ʻo ia hoʻi ma ka ʻāpana pālahalaha kalapona. Ua hōʻike ʻo Olympic Steel ʻaʻole i hiki i ka 3% o kā lākou kūʻai aku mai nā mea hana kaʻa a i ʻole nā ​​mea hana ʻāpana kaʻa.
Ma hope koke iho o ke kūʻai aku ʻana o Detroit i nā hana kalapona-centric, ua hoʻohana ʻo Olympic Steel i kekahi o nā loaʻa kālā o ke kūʻai aku e kūʻai i kahi ʻoihana hoʻolaha kila kila a me ka alumini ʻē aʻe, ʻo Shaw Stainless Steel & Alloy, Inc., no $12.1 Miliona. Ma hope koke iho o ke kūʻai aku ʻana o Detroit i nā hana kalapona-centric, ua hoʻohana ʻo Olympic Steel i kekahi o nā loaʻa kālā o ke kūʻai aku e kūʻai i kahi ʻoihana hoʻolaha kila kila a me ka alumini ʻē aʻe, ʻo Shaw Stainless Steel & Alloy, Inc., no $12.1 Miliona. Сразу после продажи Детройта, ориентированного на выбросы углерода, 'Olumepika Steel использовала часть выручки от продажиогодруни предприятия по продаже нержавеющей стали и алюминия, Shaw Stainless Steel & Alloy, Inc., no ka 12,1 миллиона долларов. Ma hope koke iho o ke kūʻai ʻia ʻana o Detroit i hoʻokele ʻia e ke kalapona, ua hoʻohana ʻo Olympic Steel i kahi hapa o ke kālā i loaʻa mai ke kūʻai aku e kūʻai i kahi mea kūʻai aku kila kila a me ka alumini ʻē aʻe, ʻo Shaw Stainless Steel & Alloy, Inc., no $12.1 miliona.在底特律以碳为中心的业务出售后，Olympic Steel 使用部分出售收益以1210万美元收购了另一家不锈钢和铝分销企业Shaw Stainless Steel & Alloy, Inc.。1210 万 美元钢 铝 分销 企业 企业 Shaw Stainess Steel & Alloy, Inc .。 После продажи своего углеродоориентированного бизнеса в Детройте Olympic Steel использовала часть выручки от продажи для, Alloy & Shawdy Inc., другого дистрибьютора нержавеющей стали и алюминия, за 12,1 миллиона долларов. Ma hope o ke kūʻai ʻia ʻana aku o kāna ʻoihana kalapona ma Detroit, ua hoʻohana ʻo Olympic Steel i kahi hapa o ke kālā i loaʻa mai ke kūʻai aku e kūʻai iā Shaw Stainless Steel & Alloy, Inc., kahi mea hoʻolaha kila kila a me ka alumini ʻē aʻe, no $12.1 miliona. I ka makahiki 2019, ua kūʻai aku ʻo Olympic Steel iā Action Stainless & Alloys no $19.5 Miliona. I ka makahiki 2019, ua kūʻai aku ʻo Olympic Steel iā Action Stainless & Alloys no $19.5 Miliona. В 2019 году 'Olumepika Steel также приобрела Action Stainless & Alloys за 19,5 миллионов долларов. I ka makahiki 2019, ua kūʻai aku ʻo Olympic Steel iā Action Stainless & Alloys no $19.5 miliona. 2019 年，Olympic Steel 还以1950 万美元收购了Action Stainless & Alloys。 2019 年，Olympic Steel 还以1950 万美元收购了Action Stainless & Alloys。 В 2019 году 'Olumepika Steel также приобрела Action Stainless & Alloys за 19,5 млн долларов. I ka makahiki 2019, ua kūʻai aku ʻo Olympic Steel iā Action Stainless & Alloys no $19.5 miliona.Pēlā nō, i ka hoʻomaka ʻana o 2018, ua loaʻa iā Olympic Steel ʻo Berlin Metal, kekahi o nā kikowaena lawelawe nui loa ma ʻAmelika ʻĀkau, ka mea e hana a kūʻai aku i ka tinplate premium a me ke kila kila kila ma ke ʻano o nā wili slotted.
ʻO ka hoʻokō ʻana i nā hoʻokele waiwai o ka unahi a me ka hoʻololi ʻana i kāna waihona ma o nā loaʻa ʻana, ʻo ia ka mea nui o Olympic Steel i nā makahiki ʻelima i hala iho nei a ua loaʻa iā ia ma mua o ʻelima mau ʻoihana, me ʻehā i nā makahiki ʻelima i hala iho nei. Hōʻike maopopo kēia mau loaʻa ʻaoʻao e manaʻo ana ʻo Olympic Steel e kālele i ka hoʻonui ʻana a me ka hoʻololi ʻana i kāna waihona a me ka hoʻēmi ʻana i ka cyclicality o nā ʻoihana e kū nei.
Ua ʻeha mua ke koi Kina i kēia mahina a e ʻike koke paha mākou i kahi hopena trickle down ma nā ʻoihana US. Ua loli nā kumukūʻai no ke kila a me kāna mea nui o ka hao hao i ka wā o ka laka ʻana o Shanghai, akā ua hōʻike i kahi ʻano iho i mua o kēia mahina, e like me ka CNBC. Ua manaʻo ʻo Allied Market Research e ulu ka mākeke metala kūikawā ma kahi CAGR o 3.50% e hiki i $276 biliona ma ka makahiki 2031. Me he mea lā he mālama pono kēia kuhi ulu no kahi ʻoihana liʻiliʻi e like me Olympic Steel Inc.
Ua piʻi aʻe nā kumukūʻai mahele ma ka hapa nui o nā ʻoihana metala, mining a me nā waiwai a e hoʻomau ʻia ka piʻi ʻana inā hōʻike ʻia nā helu hoʻonui kumukūʻai ma mua o ka mea i manaʻo ʻia. ʻO ka hopena, ua lana ke kumukūʻai o ZEUS ma kahi o $27 i ka makahiki i hala, me ke kiʻekiʻe o 52 mau pule ma luna iki o $43.
Ke nānā nei nā mea hoʻopukapuka kālā i kēia manawa e hoʻopukapuka i nā waihona ikaika o ka ʻoihana, hiki ke kū i nā manawa paʻakikī inā ʻike lākou iā lākou iho i kahi kaiapuni pilikia. ʻO nā kumu paʻa, nā pepa kaulike olakino a me ke kahe nui ʻana kekahi o nā mea nui e makaʻala ai i nā kūlana mākeke paʻakikī no ka mea ʻaʻole paha e hōʻike ka momentum kumukūʻai i ke kūlana maoli o kahi hui.
Ua hōʻike ka hui i kahi MRQ EPS o $3.10, ʻoi aku ka maikaʻi ma mua o nā kuhi ma $0.84, e lawe mai ana i kahi lakio kumukūʻai-i-ka loaʻa kālā o 2.06 i nā mahina 12 i hala. ʻOi aku ka maikaʻi o kēia lakio kumukūʻai-i-ka loaʻa kālā ma mua o nā mea hoʻokūkū, me ka awelika o 11.76x. Pēlā nō, ʻoi aku ka haʻahaʻa o nā metrika koʻikoʻi a pau i ko lākou mau hoa, me ka awelika hoʻemi ma nā metrika a pau o 70%, e hōʻike ana i ka hiki ke piʻi i luna no nā kumukūʻai Olympic Steel.
Eia kekahi, i Mei 2022, ua ʻāpono ka Papa Hoʻokele i ka uku ʻana i ka mahele hapaha maʻamau o $0.09 no kēlā me kēia mahele i nā mea kuleana i hoʻopaʻa inoa ʻia e like me Iune 1, 2022, i ka lā 15 o Iune, 2022.
Pēlā nō, ʻo 35% ROE a me 13% ROTA e hōʻike ana i ka hoʻohana ʻana i nā kumuwaiwai ʻoi aku ka maikaʻi ma mua o ka ʻoihana, ʻoi aku ma mua o ka pālua o nā median ʻoihana o 12.86% a me 5.22%.
Manaʻo wau e emi ana nā waiwai o ka waihona i ka hapaha ʻekolu o 2022 ma muli o ka emi nui ʻana o nā kumukūʻai metala. I kēia manawa, ua pili ke kumukūʻai a me ka ikaika kumu. Inā paʻa ka ikaika o nā kumu, he mea kūpono ʻole a kūpono hoʻi ke manaʻo e hāʻawi nā waihona liʻiliʻi i nā hoʻihoʻi kūpono i ka wā lōʻihi.
ʻO ka mea e hoʻomaopopo ʻia ai, he kiʻekiʻe loa ka lakio aie-i-equity o Olympic Steel ma 73.41%, me ka hapa nui o kāna aie i hoʻokaʻawale ʻia he aie lōʻihi i hoʻopaʻa ʻia, ʻoiai ua emi iho ia ma 5.83% i kēlā me kēia makahiki, mai $360 miliona a i $339. miliona aia ma ka MRQ.
Ua kau inoa ʻo Olympic Steel i kahi ʻaelike hōʻaiʻē he $455 miliona me Bank of America (BAC) i ka makahiki 2017, kahi e pau ai i Dekemaba 2022. Hoʻolōʻihi ka ʻaelike hoʻohuli i ka hale hōʻaiʻē hoʻohuli ʻelima makahiki he $475 miliona a hiki i Iune 2026, i hoʻopaʻa ʻia e nā loaʻa kālā o ka hui, nā waihona, a me nā waiwai a me nā lako. Hoʻokomo pū ka waihona kālā a hiki i $200 miliona i nā koho ulu.
Ma ke ʻano he hui i loko o kahi ʻoihana cyclical, ke kū nei ʻo Olympic Steel i ka nui o ka pilikia ʻōnaehana. ʻO kēia leverage kiʻekiʻe i hopena i kahi beta kiʻekiʻe no ka hui ma 1.51, e hopena ana i ka volatility kiʻekiʻe.
Pono e kaulike ʻia ke ʻano kapikala o ka ʻoihana, ʻo ka mea maikaʻi loa, pono e haʻahaʻa ke kumukūʻai o ke kapikala no ka ʻaiʻē kiʻekiʻe o kahi ʻoihana, e pōmaikaʻi ana mai nā pōʻaiapuni ma o ka hoʻopaʻa ʻana i nā uku paneʻe haʻahaʻa ma mua o kahi pōʻaiapuni i lalo.
Manaʻo ʻo Fitch e hāʻule nā ​​​​kumukūʻai kila honua i ka makahiki 2022 ke pau ka hoʻōla ʻana o nā kumukūʻai honua.
Ma waho o Kina, ke emi nei ʻo ʻAmelika Hui Pū ʻIa ma hope o kona mau hoa paio honua i ka hoʻomaka hou ʻana i ka mana hana ma hope o nā hoʻopilikia Covid-19 a me nā hōʻemi hana. I ka wā e hiki mai ana, manaʻo ʻo Fitch e hoʻomaka hou ka lako o ʻAmelika Hui Pū ʻIa i nā mahina e hiki mai ana a e hoʻomaikaʻi nā mea lawe mai, e alakaʻi ana i ka paʻa mālie ʻana o nā kumukūʻai kila o ʻAmelika Hui Pū ʻIa i ka makahiki 2022.
Ke hana nui nei ʻo Olympic Steel i ka hoʻonui ʻana i kāna ʻoihana ma ka home a ma waho hoʻi, akā inā manaʻolana ka ʻoihana e hoʻokūkū me nā mea pāʻani nui i nā makahiki e hiki mai ana, pono ia e hoʻonui i kāna ʻoihana, ka mea i manaʻo ʻia e ulu ma kahi wikiwiki makahiki kiʻekiʻe aʻe. ma mua o nā metala kūikawā, a i ʻole 3.5%. Loaʻa i ka Olympic Steel ka pilikia leverage kiʻekiʻe i ka hoʻonui ʻana i ka waiwai o ka mea kuleana, ka mea e hoʻolilo ai i ka hoʻopukapuka kālā ʻana i ka ʻoihana i mea pilikia a me ka uku kiʻekiʻe ma muli o kona capitalization mākeke liʻiliʻi.
Ma muli o ka mōʻaukala o ka ʻoihana, ua lawe ʻo ia i nā hana wiwo ʻole e loaʻa a hoʻonui i kāna ʻoihana. Akā i kēia manawa ka manawa no Olympic Steel e hōʻemi i kāna aie a hoʻihoʻi hou iā ia i kahi pae kūpono, kahi e emi ai nā loli o ka loaʻa kālā a me nā loaʻa kālā i ka hala ʻana o ka manawa e hoʻomau i ka ulu kūlohelohe.
Ma muli o ka loli o ka mākeke o kēia manawa a me ke ʻano cyclical o ka ʻoihana e hana nei ʻo Olympic Steel, hiki iā mākou ke ʻike i kahi ala paʻakikī i mua. ʻO nā kumu macro e like me ka piʻi ʻana o nā kumukūʻai inflation, ka laka ʻana e pili ana iā COVID ma Kina a me nā kaomi recession i hoʻonui i ka haunaele o ka mākeke, e koi ana iaʻu e helu iā Olympic Steel ma ke ʻano he "hold" a hiki i ka mālie ʻana o nā mea a loaʻa kekahi paʻa.
Hōʻike: ʻAʻohe oʻu/mākou mau kūlana waiwai, koho a i ʻole nā ​​kūlana derivatives like ma kekahi o nā ʻoihana i ʻōlelo ʻia a ʻaʻole hoʻi e hoʻolālā e lawe i kēlā mau kūlana i loko o nā hola 72 e hiki mai ana. Hōʻike Pilina ʻOihana: Ua kākau ʻia kēia ʻatikala e Haider Arshad Research a ua loiloi ʻia a waiho ʻia e Mr. Walid Tariq.