I-Olympic Steel Inc. (NASDAQ: ZEUS) iyandisa ishishini layo ngokufumana iinkampani ezinxulumene kakhulu namacandelo ayo eshishini. Ingeniso yayo inyukile kunyaka ophelileyo ngenxa ye-supercycle yeempahla, kodwa i-Olympic Steel kutshanje ibe neengxaki ngenxa yokuhla kwamaxabiso esinyithi, nto leyo ebangele ukuba impahla yayo yehle. Ixabiso lesitokhwe lidlule i-S&P 500 kunye ne-Dow Jones Industrial Metals & Mining index (DJUSIM) ngaphezulu kwama-30%. Ixabiso lesitokhwe lidlule i-S&P 500 kunye ne-Dow Jones Industrial Metals & Mining index (DJUSIM) ngaphezulu kwama-30%. Цена акций превысила индекс S&P 500 kunye neDow Jones Industrial Metals & Mining (DJUSIM) более чем на 30%. Ixabiso lesitokhwe lidlule i-S&P 500 kunye ne-Dow Jones Industrial Metals & Mining (DJUSIM) ngaphezulu kwama-30%. Акции торгуются более чем на 30% выше индекса S&P 500 и промышленного индекса iDow Jones Industrial Metals & Mining (DJUSIM). Izabelo zirhweba ngaphezulu kwama-30% ngaphezu kwe-S&P 500 kunye ne-Dow Jones Industrial Metals & Mining (DJUSIM).
Nangona i-Olympic Steel ibonakalise unxibelelwano oluhle kakhulu ne-index yexabiso lesinyithi ngexesha lokukhula kwesinyithi okwaqala ngexesha lobhubhane we-COVID-19, umbuzo ngoku kukuba ingaba inkampani ingakwazi na ukuqhubeka nokukhula kwaye ivumele iiseyile zayo zilawule icala, hayi umoya.
Nangona le nkampani ithengiswa kakuhle phantsi kweemeko eziqhelekileyo, andithathi cala malunga nokudodobala koqoqosho okwangoku de amaxabiso eemveliso abuyele kumanqanaba aqhelekileyo, ubuncinane ekupheleni konyaka.
I-Olympic Steel, Inc., inkampani encinci kawonke-wonke enemali yemarike ye-US$293.77 yezigidi, liziko leenkonzo zesinyithi elicwangcisa kwaye lithengisa isinyithi eMelika. Le nkampani isebenzisa iiyunithi ezintathu zoshishino ezahlukeneyo;
IiFlati zeMetal ezikhethekileyo kunye neeFlati zeCarbon: Ezi candelo zimbini zihlala zidityanisiwe ngenxa yohlobo olufanayo lwezixhobo ezisetyenziswa ziicandelo ezimbini, nto leyo ekhokelela ekwabelaneni ngeendleko. Ngokwengxelo yonyaka yenkampani, iimveliso zamacandelo omabini zigcinwa kwiindawo ezisetyenziswa ngabantu bonke, kwaye kwezinye iindawo zicutshungulwa kwizixhobo ezisetyenziswa ngabantu bonke. Imveliso ye-carbon flat kunye neenxalenye zesinyithi ezikhethekileyo zivelise uninzi lwengeniso ye-Olympic Steel, i-55% kunye ne-29% yengeniso kwi-MRQ. Imveliso ye-carbon flat kunye neenxalenye zesinyithi ezikhethekileyo zivelise uninzi lwengeniso ye-Olympic Steel, i-55% kunye ne-29% yengeniso kwi-MRQ.Icandelo leCarbon Flat kunye neSpecialty Metals livelise uninzi lwengeniso yeOlympic Steel, libalelwa kwi-55% kunye ne-29% yengeniso yeMRQ.Iikhabhoni ezithe tyaba kunye neentsimbi ezikhethekileyo zibangela uninzi lwengeniso yeOlympic Steel, zibanga i-55% kunye ne-29% yengeniso yeMRQ, ngokwahlukeneyo.
Icandelo leCarbon & Specialty Sheets liquka amaziko angama-33 okucoca nokuthengisa amaqhinga e-US kunye nelinye eliseMonterrey, eMexico.
Icandelo lesithathu lenkampani, iiTubular Products, liquka iipropati ezisibhozo kwaye lithatha i-16% yengeniso ye-MRQ. Le nkampani itshintsha kancinci kancinci igxile kwicandelo leentsimbi ezikhethekileyo, kwaye kucacile kwingeniso yonyaka ukuba ingeniso evela kwiimveliso ezithe tyaba inyukile. Ngokwahlukileyo koko, imveliso yeepayipi kunye neemveliso zeepayipi yehlile.
Iinkonzo zenkampani zinikezelwa ikakhulu ngabavelisi boomatshini bemizi-mveliso kunye nezixhobo, abavelisi beemoto, abavelisi bezixhobo zombane kunye nabavelisi boomatshini bezolimo.
Abathengi ababalulekileyo benkampani ngabavelisi bezixhobo zoshishino, abangaphezulu kwe-27.4% yentengiso ye-MRQ. Amanye amanani afanelekileyo aboniswe kwitheyibhile engezantsi.
NgoSeptemba ka-2021, i-Olympic Steel ithengise iyunithi yayo yeshishini eDetroit kwiVenture Steel Inc. nge-$58.4 yezigidi kunye nohlengahlengiso lwemali yokusebenza olumalunga ne-$13.5 yezigidi ukuze kuvalwe ekuqaleni kuka-2022. Oku kubonisa ukuphucuka kwemali evela kwimisebenzi yotyalo-mali kwiingxelo zayo zemali, eye yehla ngaphezulu kwama-50% ukusuka kwi-$28.1 yezigidi ngo-2020 ukuya kwilahleko iyonke ye-$13.5 yezigidi ekupheleni kuka-2021.
"Sisagxile kwisicwangciso sethu sexesha elide sokwandisa ishishini lethu, ukubonelela ngenzuzo eqhubekayo kunye nokunyusa ixabiso labaninizabelo. Imali evela kwintengiso yeshishini laseDetroit iya kusetyenziselwa ukunciphisa amatyala, nto leyo ekhokelela ekubeni kubekho ukuguquguquka okukhulu kokuthengwa kwezinto eziphilayo kunye notyalo-mali kwizicwangciso zokukhula kunye noomatshini."
Kwiminyaka embalwa edlulileyo, i-Olympic Steel itshintshe ingqwalasela yayo ukusuka kwimveliso ezisicaba zekhabhoni ukuya kwiishiti zesinyithi ezikhethekileyo. Ifuna ukuhlanganisa abavelisi abasebenzisa isinyithi kakhulu kwimodeli yayo yeshishini ngokufumana iinkampani kushishino olufanayo.
Imisebenzi eDetroit igxile ekusasazeni ii-carbon flats kubavelisi beemoto basekhaya kunye nababoneleli bazo, ikakhulu kwicandelo lee-carbon flats. I-Olympic Steel ibika ukuba ngaphantsi kwe-3% yentengiso yabo ivela kubavelisi beemoto okanye abavelisi bezinto zeemoto.
Emva nje kokuthengiswa kwemisebenzi egxile kwikhabhoni eDetroit, i-Olympic Steel isebenzise enye yemali efunyenweyo ekuthengisweni kwayo ukuze ithenge enye ishishini lokusasaza intsimbi engagqwaliyo kunye ne-aluminium, iShaw Stainless Steel & Alloy, Inc., nge-$12.1 yezigidi. Emva nje kokuthengiswa kwemisebenzi egxile kwikhabhoni eDetroit, i-Olympic Steel isebenzise enye yemali efunyenweyo ekuthengisweni kwayo ukuze ithenge enye ishishini lokusasaza intsimbi engagqwaliyo kunye ne-aluminium, iShaw Stainless Steel & Alloy, Inc., nge-$12.1 yezigidi. Сразу после продажи Детройта, ориентированного на выбросы углерода, Olympic Steel использовала часть выручки от продажи для приобрепения продаже нержавеющей стали и алюминия, Shaw Stainless Steel & Alloy, Inc., 12,1 миллиона долларов. Emva nje kokuthengiswa kweDetroit eqhutywa yikhabhoni, iOlympic Steel yasebenzisa inxalenye yemali efunyenwe kwintengiso ukuze ithenge omnye umthengisi wentsimbi engagqwaliyo kunye ne-aluminium, iShaw Stainless Steel & Alloy, Inc., nge-$12.1 yezigidi.在底特律以碳為中心的业务出售后，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锈里和锡市 kunye ne-Steel I-alloy, Inc..在 底 特律 以碳 為 的 业务 出售 后 , intsimbi ye olympiki 使用 出售 收益 以 1210 万 美元 了 另 一 隆会 一 锈 钆 锈 锡 锡 锡 一企业 Shaw Stainess Steel & Alloy, Inc.. После продажи своего углеродоориентированного бизнеса в Детройте Olympic Steel использовала часть выручки от продажи для приобретения, Inc. дистрибьютора нержавеющей стали и алюминия, за 12,1 миллиона долларов. Emva kokuthengiswa kweshishini layo lekhabhoni eDetroit, i-Olympic Steel isebenzise inxalenye yemali efunyenweyo ukuze ithenge iShaw Stainless Steel & Alloy, Inc., enye inkampani ehambisa intsimbi engagqwaliyo kunye ne-aluminium, nge-$12.1 yezigidi. Ngowama-2019, i-Olympic Steel ikwathenge i-Action Stainless & Alloys nge-$19.5 yezigidi. Ngowama-2019, i-Olympic Steel ikwathenge i-Action Stainless & Alloys nge-$19.5 yezigidi. В 2019 году Olympic Steel также приобрела Action Stainless & Alloys за 19,5 миллионов долларов. Ngowama-2019, i-Olympic Steel ikwathenge i-Action Stainless & Alloys nge-$19.5 yezigidi. 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 Olympic Steel также приобрела Action Stainless & Alloys за 19,5 млн долларов. Ngowama-2019, i-Olympic Steel ikwathenge i-Action Stainless & Alloys nge-$19.5 yezigidi.Ngokufanayo, ekuqaleni kowama-2018, i-Olympic Steel yathenga iBerlin Metal, enye yezona ziko zikhulu zeenkonzo eMntla Melika, ecubungula kwaye ithengise i-tinplate yekhwalithi ephezulu kunye ne-stainless steel strip ngendlela yee-slotsted coils.
Ukufikelela kuqoqosho oluphezulu kunye nokwandisa ipotifoliyo yayo ngokuthenga kube yinto ephambili kwi-Olympic Steel kwiminyaka emihlanu edlulileyo kwaye ifumene iinkampani ezingaphezu kwesihlanu, kuquka ezine kwiminyaka emihlanu edlulileyo. Ezi zinto zithengwa ecaleni zibonisa ngokucacileyo ukuba i-Olympic Steel iceba ukugxila ekwandiseni nasekuhlukaniseni ipotifoliyo yayo kunye nokunciphisa ukujikeleza kwamashishini akhoyo.
Imfuno yaseTshayina sele ichaphazelekile kule nyanga kwaye kungekudala singabona impembelelo ehla kancinci kwiinkampani zaseMelika. Amaxabiso esinyithi kunye nenxalenye yayo ephambili yesinyithi aguquguquka ngexesha lokuvalwa kweShanghai, kodwa abonise ukuhla ekuqaleni kwale nyanga, ngokutsho kwe-CNBC. Uphando lweMarike ye-Allied luqikelela ukuba imakethi yeesinyithi ezikhethekileyo iya kukhula kwi-CAGR ye-3.50% ukufikelela kwi-$276 yeebhiliyoni ngo-2031. Olu qikelelo lokukhula lubonakala lulungele inkampani encinci efana ne-Olympic Steel Inc.
Amaxabiso ezabelo kumacandelo amaninzi esinyithi, ezemigodi kunye neempahla anyukile kwaye kusenokwenzeka ukuba aqhubeke enyuka logama nje kuxelwa amanani aphezulu kunoko bekulindelwe. Ngenxa yoko, ixabiso le-ZEUS lijikeleze i-$27 kunyaka ophelileyo, kunye nokuphakama kweeveki ezingama-52 ngaphezulu nje kwe-$43.
Abatyali-mali ngoku bajonge ukutyala imali kwizabelo eziqinileyo zeli candelo, ezinokumelana namaxesha anzima ngakumbi ukuba bazifumana bekwimeko enobungozi. Iziseko eziqinileyo, amaphepha okulinganisela asempilweni kunye nokuguquguquka kwemali kuya kuba zezinye zezinto ezibalulekileyo ekufuneka ziqwalaselwe kwiimeko ezinzima zemarike njengoko ukunyuka kwamaxabiso kusenokungabonisi imeko yokwenyani yenkampani.
Le nkampani ibike i-MRQ EPS ye-$3.10, uqikelelo olusebenza ngcono nge-$0.84, nto leyo eyenze ukuba ixabiso lilingane nengeniso libe yi-2.06 kwiinyanga ezili-12 ezidlulileyo. Lo mlinganiselo wexabiso-kwinzuzo ungcono kakhulu kunowabakhuphisana nabo, umyinge we-11.76x. Ngokufanayo, zonke iimilinganiselo eziphambili ziphantsi kakhulu xa kuthelekiswa noontanga babo, kunye nesaphulelo esiphakathi kuzo zonke iimilinganiselo ze-70%, nto leyo ebonisa ukuba amaxabiso e-Olympic Steel angase anyuke.
Ukongeza, ngoMeyi ka-2022, iBhodi yabaLawuli yavuma ukuhlawulwa kwesabelo-mali sekota esiqhelekileyo se-$0.09 ngesabelo ngasinye kubaninizabelo ababhalisiweyo ukusukela nge-1 kaJuni ka-2022, ekufuneka sihlawulwe nge-15 kaJuni ka-2022.
Ngokufanayo, i-35% ROE kunye ne-13% ROTA zibonisa ukusetyenziswa okungcono kwezixhobo kuneshishini, ngaphezulu kwesibini kwe-median yeshishini ye-12.86% kunye ne-5.22%.
Ndilindele ukuba amaxabiso ezinto ezisetyenzisiweyo ehle kwikota yesithathu ka-2022 ngenxa yokwehla okukhulu kwamaxabiso esinyithi kutshanje. Okwangoku, ixabiso kunye nomfutho osisiseko ziye zadibana. Ukuba izinto ezisisiseko zihlala ziqinile, bekungayi kuba bubunyulu kwaye kusengqiqweni ukucinga ukuba amasheya amancinci aya kubonelela ngembuyekezo entle ekuhambeni kwexesha.
Okubalulekileyo kukuba umlinganiselo wetyala kwi-Olympic Steel uphezulu kakhulu kwi-73.41%, uninzi lwamatyala ayo luchazwa njengetyala eliqinisekisiweyo lexesha elide, nangona lehle nge-5.83% unyaka nonyaka, ukusuka kwi-$360 yezigidi ukuya kwi-$339 yezigidi kwi-MRQ.
I-Olympic Steel ityikitye isivumelwano semali mboleko se-$455 yezigidi neBank of America (BAC) ngo-2017, esiphela ngoDisemba 2022. Esi sivumelwano sijikelezayo sandisa isibonelelo semali mboleko esijikelezayo se-$475 yezigidi seminyaka emihlanu esikhoyo kude kube ngoJuni 2026, esikhuselwe ikakhulu zizinto ezifunyenweyo zenkampani, uluhlu lwezinto ezisetyenzisiweyo, kunye nepropathi kunye nezixhobo. Esi sibonelelo siquka ukuya kuthi ga kwi-$200 yezigidi kwiinketho zokukhula.
Njengenkampani ekwishishini elijikelezayo, i-Olympic Steel ijongene nomngcipheko omkhulu wenkqubo. Olu xabiso luphezulu lubangele ukuba inkampani inyuke kakhulu kwi-beta eyi-1.51, nto leyo ebangele ukuguquguquka okuphezulu.
Ulwakhiwo lwemali yenkampani kufuneka lulungelelaniswe, ngokungcono ityala eliphezulu lenkampani kufuneka libe nexabiso eliphantsi lemali, lizuze kwimijikelo ngokubeka amazinga enzala aphantsi ngaphambi komjikelo wokwehla.
UFitch ulindele ukuba amaxabiso entsimbi yehlabathi aza kwehla ngo-2022 xa amaxabiso ehlabathi ephela.
Ngaphandle kweTshayina, i-US isemva kakhulu kubakhuphisana nayo behlabathi ekuqaliseni kwakhona amandla okuvelisa emva kokuphazamiseka kwe-Covid-19 kunye nokuncitshiswa kwemveliso. Ukuya phambili, iFitch ilindele ukuba ukuhanjiswa kwe-US kuqhubeke kwakhona kwiinyanga ezizayo kwaye ukungeniswa kwempahla kwamanye amazwe kuphucuke, nto leyo ekhokelela ekuzinzisweni kancinci kancinci kwamaxabiso entsimbi e-US ngo-2022.
I-Olympic Steel ikhuthele emsebenzini wokwandisa ishishini layo ekhaya nakwamanye amazwe, kodwa ukuba inkampani inethemba lokukhuphisana nabadlali abakhulu kwiminyaka ezayo, kufuneka yandise ishishini layo, ekucingelwa ukuba liza kukhula ngesantya esiphezulu sonyaka kunezinyithi ezikhethekileyo, okanye i-3.5%. I-Olympic Steel inomngcipheko ophezulu wokunyusa ixabiso labaninizabelo, nto leyo eyenza ukutyala imali kwinkampani kube ngumngcipheko ophezulu kunye nomvuzo ngenxa yemali yayo encinci yemarike.
Ngenxa yembali yale nkampani, ithathe amanyathelo aqatha okufumana nokwandisa ishishini layo. Kodwa ngoku lixesha lokuba i-Olympic Steel inciphise amatyala ayo kwaye iyibuyisele kwinqanaba elifanelekileyo, apho ukuguquguquka kwengeniso kunye nengeniso kufuneka kunciphe ngokuhamba kwexesha ukuze kugcinwe ukukhula kwezinto eziphilayo.
Ngenxa yokuguquguquka kwemarike okwangoku kunye nokuguquguquka kweshishini apho i-Olympic Steel isebenza khona, sinokubona indlela enzima phambili. Izinto ezinkulu ezifana nokunyuka kwamazinga okunyuka kwamaxabiso, ukuvalwa kweTshayina ngenxa ye-COVID kunye noxinzelelo lokudodobala koqoqosho kubangele ukuba kubekho ukungazinzi okukhulu kwimarike, nto leyo eyandenza ndayibeka i-Olympic Steel njenge "ibambe" de izinto zithomalale kwaye kubekho uzinzo oluthile.
Ukutyhilwa: Mna/thina asinazo izikhundla zesitokhwe, iinketho okanye ezinye izikhundla ezifanayo ze-derivatives kuyo nayiphi na inkampani ekhankanyiweyo kwaye asicebi ukuthatha ezo zikhundla kwiiyure ezingama-72 ezizayo. Ukutyhilwa koBudlelwane beShishini: Eli nqaku libhalwe yiHaider Arshad Research kwaye lihlolwe kwaye lingeniswe nguMnu. Walid Tariq.