I-Olympic Steel Inc. (NASDAQ: ZEUS) ikhulisa ibhizinisi layo ngenkuthalo ngokuthola izinkampani ezihlobene eduze nezigaba zayo zebhizinisi. Imali engenayo yayo inyukile ngonyaka odlule ngenxa ye-supercycle yezimpahla, kodwa i-Olympic Steel muva nje ibe nezinkinga ngenxa yokwehla kwentengo yensimbi, okwabangela ukuthi isitokwe sayo sehle. Intengo yesitoko idlule kakhulu i-S&P 500 kanye ne-Dow Jones Industrial Metals & Mining index (DJUSIM) ngama-30%. Intengo yesitoko idlule kakhulu i-S&P 500 kanye ne-Dow Jones Industrial Metals & Mining index (DJUSIM) ngama-30%. Цена акций превысила индекс S&P 500 kanye ne-Dow Jones Industrial Metals & Mining (DJUSIM) более чем ku-30%. Intengo yesitoko idlule i-S&P 500 kanye ne-Dow Jones Industrial Metals & Mining (DJUSIM) ngama-30%. I-Акции торгуются более чем на 30% выше индекса S&P 500 kanye ne-промышленного индекса I-Dow Jones Industrial Metals & Mining (DJUSIM). Isitoko sihweba ngaphezu kuka-30% ngaphezu kwe-S&P 500 kanye ne-Dow Jones Industrial Metals & Mining (DJUSIM).
Nakuba i-Olympic Steel ibonise ubudlelwano obuhle kakhulu nenkomba yentengo yensimbi ngesikhathi sokukhula kwensimbi okwaqala ngesikhathi sobhubhane lwe-COVID-19, umbuzo manje uwukuthi inkampani ingaqhubeka nokukhula futhi ivumele iziseyili zayo zilawule indlela, hhayi umoya.
Nakuba inkampani ithengiswa kahle ngaphansi kwezimo ezijwayelekile, angithathi hlangothi mayelana nokwehla kwamandla emali kwamanje kuze kube yilapho amanani ezimpahla ebuyela emazingeni ajwayelekile, okungenani ekupheleni konyaka.
I-Olympic Steel, Inc., inkampani encane yomphakathi enemali yemakethe engu-US$293.77 million, iyisikhungo sezinsizakalo zensimbi esicubungula futhi sithengise izinsimbi e-United States. Le nkampani isebenzisa amayunithi amathathu ebhizinisi ahlukene;
Ama-Specialty Metal Flats nama-Carbon Flats: Lawa ma-division amabili avame ukuhlanganiswa ngenxa yohlobo olufanayo lwezinsiza ezisetshenziswa yi-division ezimbili, okuholela ekwabelaneni ngezindleko. Ngokombiko wonyaka wenkampani, imikhiqizo ye-division zombili igcinwa ezindaweni ezivamile, futhi kwezinye izindawo icutshungulwa ngemishini ehlanganyelwe. Umkhiqizo we-carbon flat kanye nezingxenye zensimbi ezikhethekile zenze iningi lemali engenayo ye-Olympic Steel, okwenza u-55% kanye no-29% wemali engenayo ku-MRQ. Umkhiqizo we-carbon flat kanye nezingxenye zensimbi ezikhethekile zenze iningi lemali engenayo ye-Olympic Steel, okwenza u-55% kanye no-29% wemali engenayo ku-MRQ.Izingxenye zeCarbon Flat kanye ne-Specialty Metals zikhiqize iningi lemali engenayo ye-Olympic Steel, zibiza u-55% kanye no-29% wemali engenayo ye-MRQ.Izingxenye ze-carbon flats kanye nezinsimbi ezikhethekile zibangela iningi lemali engenayo ye-Olympic Steel, zibanga u-55% kanye no-29% wemali engenayo ye-MRQ, ngokulandelana.
Ingxenye yeCarbon & Specialty Sheets ihlanganisa izindawo zokuhlaziya nokukhangisa ezingama-33 e-US kanye nenye eMonterrey, eMexico.
Ingxenye yesithathu yenkampani, iTubular Products, ihlanganisa izindawo eziyisishiyagalombili futhi ihlanganisa u-16% wemali engenayo ye-MRQ. Le nkampani ishintsha kancane kancane ukugxila kwayo iye esigabeni sezinsimbi ezikhethekile, futhi kusobala ukuthi imali engenayo yonyaka inyukile. Ngokuphambene nalokho, ukukhiqizwa kwamapayipi nemikhiqizo yamapayipi kwehlile.
Izinsizakalo zezinkampani zihlinzekwa kakhulu ngabakhiqizi bemishini yezimboni nemishini, abakhiqizi bezimoto, abakhiqizi bemishini kagesi kanye nabakhiqizi bemishini yezolimo.
Amakhasimende abaluleke kakhulu enkampani ngabakhiqizi bemishini yezimboni kanye nemishini, okwenza okungaphezu kuka-27.4% kokuthengiswa kwe-MRQ. Ezinye izibalo ezifanele nazo ziboniswe kuthebula elingezansi.
NgoSepthemba 2021, i-Olympic Steel yathengisa iyunithi yayo yebhizinisi eDetroit ku-Venture Steel Inc. ngamaRandi ayizigidi ezingama-58.4 kanye nokulungiswa kwemali yokusebenza okungaba yizigidi ezingama-13.5 zamaRandi ukuze kuvalwe ekuqaleni kuka-2022. Lokhu kukhombisa ukuthuthuka kokugeleza kwemali okuvela emisebenzini yokutshala imali ezitatimendeni zayo zezimali, okwehle ngamaphesenti angaphezu kwama-50 kusuka ku-$28.1 million ngo-2020 kuya ekulahlekelweni okuphelele okungu-$13.5 million ekupheleni kuka-2021.
"Sisagxile esu lethu lesikhathi eside lokusabalalisa ibhizinisi lethu, ukuletha inzuzo eqhubekayo nokukhulisa inani labanikazi bamasheya. Imali etholwa ngokuthengiswa kwebhizinisi laseDetroit izosetshenziselwa ukunciphisa izikweletu, okuzoholela ekuguquguqukeni okukhulu kokuthengwa kwezimpahla zemvelo kanye nokutshalwa kwezimali ezinhlelweni zokukhula kanye nokwenza izinto ngokuzenzakalela."
Eminyakeni embalwa edlule, i-Olympic Steel ishintshe ukugxila kwayo kusuka emikhiqizweni eyisicaba ye-carbon kuya kumashidi ensimbi akhethekile. Ifuna ukuhlanganisa abakhiqizi abasebenzisa insimbi kakhulu emodeli yayo yebhizinisi ngokuthola izinkampani embonini efanayo.
Imisebenzi eDetroit igxile ekusatshalalisweni kwezindawo zokugcina i-carbon flats kubakhiqizi bezimoto basekhaya kanye nabaphakeli babo, ikakhulukazi esigabeni sezindawo zokugcina i-carbon flats. I-Olympic Steel ibika ukuthi ngaphansi kuka-3% wokuthengisa kwabo kuvela kubakhiqizi bezimoto noma abakhiqizi bezingxenye zezimoto.
Ngemva nje kokuthengiswa kwemisebenzi egxile ku-carbon eDetroit, i-Olympic Steel yasebenzisa enye yemali etholakale ekuthengisweni kwayo ukuze ithenge enye ibhizinisi lokusabalalisa insimbi engagqwali kanye ne-aluminium, i-Shaw Stainless Steel & Alloy, Inc., ngamaRandi ayizigidi eziyi-12.1. Ngemva nje kokuthengiswa kwemisebenzi egxile ku-carbon eDetroit, i-Olympic Steel yasebenzisa enye yemali etholakale ekuthengisweni kwayo ukuze ithenge enye ibhizinisi lokusabalalisa insimbi engagqwali kanye ne-aluminium, i-Shaw Stainless Steel & Alloy, Inc., ngamaRandi ayizigidi eziyi-12.1. 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., kusukela ku-12,1 миллиона долларов. Ngemva nje kokuthengiswa kweDetroit eqhutshwa yikhabhoni, i-Olympic Steel yasebenzisa ingxenye yemali etholakale ekuthengisweni ukuze ithenge omunye umthengisi wensimbi engagqwali kanye ne-aluminium, iShaw Stainless Steel & Alloy, Inc., ngamaRandi ayizigidi ezingu-12.1.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钢和锈钢和锈钢I-Alloy, Inc..在 底 特律 以碳 為的 业务 出售 后 , insimbi ye-olympic 使用 出售 收益 以 1210 万 美元 了 另 一 锈 钆 不锈企业 Shaw Stainess Steel & Alloy, Inc.. I-После продажи своего углеродоориентированного бизнеса в Детройте Olympic Steel iphinde ibe nengxenye ye-продажи для приобретения, Inc. дистрибьютора нержавеющей стали и алюминия, 12,1 миллиона долларов. Ngemva kokuthengiswa kwebhizinisi layo lekhabhoni laseDetroit, i-Olympic Steel yasebenzisa ingxenye yemali etholwe ukuthengiswa ukuze ithenge iShaw Stainless Steel & Alloy, Inc., omunye umsabalalisi wensimbi engagqwali ne-aluminium, ngamaRandi ayizigidi ezingu-12.1. Ngo-2019, i-Olympic Steel nayo yathenga i-Action Stainless & Alloys ngamaRandi ayizigidi ezingu-19.5. Ngo-2019, i-Olympic Steel nayo yathenga i-Action Stainless & Alloys ngamaRandi ayizigidi ezingu-19.5. В 2019 году Olympic Steel также приобрела Action Stainless & Alloys за 19,5 миллионов долларов. Ngo-2019, i-Olympic Steel nayo yathenga i-Action Stainless & Alloys ngamaRandi ayizigidi ezingu-19.5. 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. Ngo-2019, i-Olympic Steel nayo yathenga i-Action Stainless & Alloys ngamaRandi ayizigidi ezingu-19.5.Ngokufanayo, ekuqaleni kuka-2018, i-Olympic Steel yathenga i-Berlin Metal, enye yezikhungo zesevisi ezinkulu eNyakatho Melika, ecubungula futhi ithengise i-tinplate yekhwalithi ephezulu kanye ne-stainless steel strip ngesimo sama-slotted coils.
Ukufeza umnotho wezinga kanye nokwandisa iphothifoliyo yayo ngokuthenga kube yinto egxilwe kuyo yi-Olympic Steel eminyakeni emihlanu edlule futhi ithole izinkampani ezingaphezu kwezinhlanu, okuhlanganisa ezine eminyakeni emihlanu edlule. Lokhu kuthengwa kwezinkampani eceleni kubonisa ngokusobala ukuthi i-Olympic Steel ihlose ukugxila ekwandiseni nasekuhlukaniseni iphothifoliyo yayo kanye nokunciphisa ukujikeleza kwamabhizinisi akhona.
Isidingo saseShayina sesivele sithintekile kule nyanga futhi maduze singase sibone umthelela wokwehla kancane ezinkampanini zase-US. Amanani ensimbi kanye nengxenye yayo eyinhloko yensimbi aguquguquka ngesikhathi sokuvalwa kweShanghai, kodwa abonise ukwehla ekuqaleni kwale nyanga, ngokusho kwe-CNBC. I-Allied Market Research ilinganisela ukuthi imakethe yezinsimbi ezikhethekile izokhula ku-CAGR engu-3.50% ukuze ifinyelele ku-$276 billion ngo-2031. Lokhu kukhula kubonakala kungaguquki enkampanini encane efana ne-Olympic Steel Inc.
Amanani amasheya emikhakheni eminingi yensimbi, yezimayini kanye neyezimpahla akhuphukile futhi kungenzeka aqhubeke nokukhuphuka uma nje kubikwa izibalo zokwehla kwamandla emali eziphakeme kunalokho obekulindelwe. Ngenxa yalokho, intengo ye-ZEUS ikhuphuke cishe ngama-$27 ngonyaka odlule, kanti ukuphakama kwamasonto angu-52 kungaphezu nje kwama-$43.
Abatshalizimali manje bafuna ukutshala imali ezitokisini eziqinile zomkhakha, ezingabhekana nezikhathi ezinzima kakhulu uma bezithola besesimweni esiyingozi. Izisekelo eziqinile, ama-balance sheet anempilo kanye nokwanda kwemali kuzoba ezinye zezinto ezibalulekile okufanele uziqaphele ezimweni ezinzima zemakethe njengoba umfutho wentengo ungase ungabonisi isimo sangempela senkampani.
Le nkampani ibike i-MRQ EPS engu-$3.10, idlula izilinganiso ezisebenza kahle ngo-$0.84, iletha isilinganiso sentengo-kuya-inzuzo esingu-2.06 ezinyangeni ezingu-12 ezedlule. Lesi silinganiso sentengo-kuya-inzuzo singcono kakhulu kunezimbangi, silinganiselwa ku-11.76x. Ngokufanayo, zonke izilinganiso ezibalulekile ziphansi kakhulu uma kuqhathaniswa nontanga yazo, ngesaphulelo esimaphakathi kuzo zonke izilinganiso esingu-70%, okuphakamisa amathuba okunyuka kwamanani e-Olympic Steel.
Ngaphezu kwalokho, ngoMeyi 2022, iBhodi Yabaqondisi yavuma ukukhokhwa kwesabelo-mali esijwayelekile sekota esingu-$0.09 ngesabelo ngasinye kubanikazi bamasheya ababhalisiwe kusukela mhla lu-1 kuJuni 2022, okumele sikhishwe mhla lu-15 kuJuni 2022.
Ngokufanayo, i-35% ROE kanye ne-13% ROTA zibonisa ukusetshenziswa okungcono kwezinsizakusebenza kunemboni, okungaphezu kokuphindwe kabili kwesilinganiso semboni esingu-12.86% kanye no-5.22%.
Ngilindele ukuthi amanani esitokwe azokwehla kwikota yesithathu ka-2022 ngenxa yokwehla okukhulu kwamanani ensimbi muva nje. Kuze kube manje, intengo kanye nomfutho oyisisekelo kuye kwahlobana. Uma izisekelo zihlala ziqinile, kungaba ukungakhethi futhi kunengqondo ukucabanga ukuthi amasheya amancane azoletha imbuyiselo enhle ngokuhamba kwesikhathi.
Okuphawulekayo ukuthi isilinganiso sesikweletu se-Olympic Steel siphezulu kakhulu ku-73.41%, kanti iningi lesikweletu sayo libhekwa njengesikweletu sesikhathi eside esiqinisekisiwe, yize sehle ngo-5.83% unyaka nonyaka, sisuka ku-$360 million saya ku-$339 million sise-MRQ.
I-Olympic Steel isayine isivumelwano semalimboleko esingu-$455 million neBank of America (BAC) ngo-2017, esiphela ngoDisemba 2022. Lesi sivumelwano esijikelezayo sandisa isikhungo sesikweletu esijikelezayo seminyaka emihlanu esikhona esingu-$475 million kuze kube uJuni 2026, esivikelwe ngokuyinhloko yimali etholwayo yenkampani, isitokwe, kanye nempahla nemishini. Lesi sikhwama sihlanganisa izinketho zokukhula ezifika ku-$200 million.
Njengenkampani embonini ejikelezayo, i-Olympic Steel ibhekene nengozi enkulu yesistimu. Lokhu kuzuza okuphezulu kuholele ekukhuleni okuphezulu kwe-beta yenkampani ku-1.51, okuholele ekuguqukeni okukhulu kokuguquguquka.
Isakhiwo senkampani kufanele silinganiswe, okungcono kakhulu ukuthi isikweletu esikhulu senkampani sibe nezindleko eziphansi zenkampani, sizuze emijikelezweni ngokugcina amazinga enzalo aphansi ngaphambi komjikelezo wokwehla.
I-Fitch ilindele ukuthi amanani ensimbi emhlabeni wonke azokwehla ngo-2022 uma ukubuya kwamanani omhlaba wonke sekuphelile.
Ngaphandle kweShayina, i-US isalele emuva kakhulu kubancintisani bayo bomhlaba wonke ekuqaliseni kabusha amandla okukhiqiza ngemuva kokuphazamiseka kwe-Covid-19 kanye nokunciphisa ukukhiqiza. Kusukela manje, i-Fitch ilindele ukuthi ukunikezwa kwe-US kuqale kabusha ezinyangeni ezizayo kanye nokungeniswa kwempahla kuthuthuke, okuholela ekuzinzisweni kancane kancane kwentengo yensimbi yase-US ngo-2022.
I-Olympic Steel ikhuthele emsebenzini wokwandisa ibhizinisi layo kokubili ekhaya nakwamanye amazwe, kodwa uma inkampani inethemba lokuncintisana nabadlali abakhulu eminyakeni ezayo, idinga ukwandisa ibhizinisi layo, okulindelwe ukuthi likhule ngesilinganiso esiphezulu sonyaka kunezinsimbi ezikhethekile, noma u-3.5%. I-Olympic Steel inengozi ephezulu yokuthola inzuzo ekukhuleni kwenani labanikazi bamasheya, okwenza ukutshala imali enkampanini kube yisimo sengozi ephezulu kanye nomvuzo ngenxa yemali yayo encane emakethe.
Njengoba inikezwe umlando wale nkampani, ithathe izinyathelo eziqinile zokuthola nokwandisa ibhizinisi layo. Kodwa manje sekuyisikhathi sokuba i-Olympic Steel inciphise isikweletu sayo futhi isibuyisele imali yayo ezingeni elifanele, lapho ukuguquguquka kwemali engenayo kanye nemali engenayo kufanele kwehle ngokuhamba kwesikhathi ukuze kuqhubeke ukukhula kwezinto eziphilayo.
Njengoba sibheka ukuguquguquka kwemakethe kwamanje kanye nokuguquguquka kwemboni lapho i-Olympic Steel isebenza khona, singabona umgwaqo onzima phambili. Izici ezinkulu ezifana nokwenyuka kwamanani okwehla kwamandla emali, ukuvalwa kwezwe okuhlobene ne-COVID eChina kanye nezingcindezi zokwehla kwamandla emali kwandise isiphithiphithi semakethe, okwangenza ngabheka i-Olympic Steel “njengesivimbelo” kuze kube yilapho izinto zizola futhi kube nokuzinza okuthile.
Ukudalulwa: Mina/thina asinazo izikhundla zesitoko, izinketho noma izikhundla ezifanayo ze-derivatives kunoma iyiphi yezinkampani ezishiwo futhi asihleli ukuthatha izikhundla ezinjalo emahoreni angama-72 alandelayo. Ukudalulwa Kobudlelwano Bebhizinisi: Lesi sihloko sabhalwa yiHaider Arshad Research futhi sabuyekezwa futhi sathunyelwa nguMnu. Walid Tariq.