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Page: Company Financials

Vulcan Steel Limited

Ticker: VSL.AX | Industry: Steel | Sector: Basic Materials
$7.09 -0.12 (-1.66%)
As of: 2026-01-28

Master Data Export

Enterprise Value

Metric 2024 2023 2022 2021 2020 2019 2018
Stock Price 7.30 8.58 8.61 8.88 7.66 7.45 7.66
Market Capitalization 978.87M 1,127.43M 1,131.19M 1,170.05M 1,009.05M 978.49M 1,006.57M
(-) Cash & Equivalents 16.54M 12.17M 11.96M 11.40M 7.10M 7.05M 4.46M
(+) Total Debt 563.64M 620.78M 544.67M 293.99M 153.79M 175.78M 88.87M
Enterprise Value 1,525.97M 1,736.04M 1,663.89M 1,452.64M 1,155.74M 1,147.23M 1,090.98M

Income Statement

Metric TTM TTM-1 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30 2018-06-30
Revenue 2,006M 2,218M 948M 1,064M 1,245M 968M 731M 650M 671M 542M
Cost of Revenue 1,356M 1,423M 624M 689M 801M 581M 579M 543M 557M 421M
Gross Profit 649M 795M 325M 375M 444M 387M 153M 107M 115M 121M
Gross Profit Margin 32.4% 35.8% 34.2% 35.2% 35.7% 40.0% 20.9% 16.4% 17.1% 22.3%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 494M 432M 183M 180M 180M 119M 53M 52M 56M 67M
Operating Expenses 492M 432M 297M 276M 270M 191M 53M 52M 56M 67M
Operating Income (EBIT) 157M 362M 28M 99M 174M 196M 100M 55M 59M 54M
Operating Income Margin 7.8% 16.3% 2.9% 9.3% 13.9% 20.3% 13.6% 8.4% 8.7% 10.0%
Interest Income 0M 7M 0M 1M 0M 0M 12M 13M 3M 2M
Interest Expense 96M 38M 18M 41M 22M 4M 14M 14M 14M 0M
Net Interest Income -96M -31M -18M -40M -22M -4M -2M 0M -10M 2M
Unusual Items 20M -24M 13M 0M -27M -11M -12M -11M -3M -3M
EBT Excluding Unusual Items 61M 331M 10M 59M 151M 192M 98M 54M 48M 56M
Pre-Tax Income 81M 307M 22M 59M 125M 181M 86M 44M 45M 53M
Pre-Tax Margin 4.0% 13.9% 2.4% 5.5% 10.0% 18.6% 11.7% 6.7% 6.7% 9.8%
Income Tax Expense 25M 95M 7M 19M 37M 57M 25M 11M 14M 14M
Net Income 56M 213M 16M 40M 88M 124M 61M 32M 31M 42M
Net Income Margin 2.8% 9.6% 1.7% 3.8% 7.1% 12.8% 8.4% 5.0% 4.6% 7.7%
Depreciation & Amortization 66M 73M 84M 81M 45M 28M 30M 32M 30M 9M
EBITDA 224M 435M 112M 180M 219M 225M 129M 86M 89M 63M
EBITDA Margin 11.2% 19.6% 11.8% 16.9% 17.6% 23.2% 17.7% 13.3% 13.3% 11.6%
NOPAT 108M 251M 20M 67M 122M 134M 71M 41M 41M 40M
NOPAT Margin 5.4% 11.3% 2.1% 6.3% 9.8% 13.9% 9.7% 6.2% 6.1% 7.3%
Owner's Earnings 74M 250M 79M 94M 110M 140M 85M 59M 46M 36M
Owner's Earnings Margin 3.7% 11.3% 8.3% 8.8% 8.8% 14.5% 11.7% 9.1% 6.8% 6.6%
EPS (Basic) 0.42 1.62 0.12 0.30 0.66 1.08 0.47 0.25 0.24 0.32
EPS (Diluted) 0.42 1.62 0.12 0.30 0.67 0.94 0.46 0.25 0.24 0.32
Shares (Basic) 133M 131M 133M 133M 131M 131M 131M 131M 131M 131M
Shares (Diluted) 132M 131M 133M 131M 131M 131M 131M 131M 131M 131M

Balance Sheet

Metric MRQ MRQ-1 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30 2018-06-30
Cash & Cash Equivalents 17.37M 8.96M 17.37M 24.11M 20.32M 23.93M 10.17M 14.20M 4.66M 4.39M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 17.37M 8.96M 17.37M 24.11M 20.32M 23.93M 10.17M 14.20M 4.66M 4.39M
Net Receivables 129.14M 121.07M 129.14M 143.38M 169.35M 157.05M 119.22M 95.72M 105.83M 104.65M
Inventory 333.89M 361.97M 333.89M 360.65M 437.75M 351.69M 190.97M 189.18M 201.87M 166.35M
Other Current Assets 3.04M 11.84M 3.04M 3.70M 4.61M 5.04M 1.12M 0.00M 0.00M 2.64M
Total Current Assets 483.44M 503.84M 483.44M 531.84M 632.02M 537.71M 321.47M 299.10M 312.36M 278.04M
Property, Plant & Equipment 350.67M 350.50M 350.67M 350.43M 347.21M 235.83M 230.16M 237.67M 67.95M 55.53M
Goodwill 11.94M 0.00M 11.94M 12.01M 11.99M 11.71M 11.63M 11.61M 11.51M 9.31M
Intangible Assets 0.14M 12.77M 0.14M 1.39M 3.03M 1.02M 1.68M 2.51M 3.14M 1.28M
Long-Term Investments 0.00M 0.00M 0.00M 0.00M -8.64M 0.00M 0.00M 0.00M 0.00M 9.79M
Tax Assets 10.84M 0.00M 10.84M 0.00M 8.64M 6.15M 7.28M 0.00M 0.00M 3.10M
Other Non-Current Assets 0.00M 10.03M 0.00M 9.31M 8.64M 0.00M 0.00M 5.38M 0.75M 2.43M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 373.59M 373.30M 373.59M 373.14M 370.87M 254.70M 250.74M 257.18M 83.34M 81.45M
Total Assets 857.03M 877.14M 857.03M 904.98M 1,002.90M 792.41M 572.21M 556.28M 395.70M 359.48M
Accounts Payable 125.87M 170.83M 125.87M 123.45M 142.76M 150.09M 146.95M 95.19M 90.32M 92.99M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 24.87M 17.16M
Tax Payables 0.00M 0.00M 0.00M 0.00M 1.69M 29.73M 13.80M 0.00M 0.00M 6.90M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 13.76M 0.00M 0.00M 46.90M
Other Current Liabilities 0.71M 0.00M 0.71M 20.72M 25.80M 46.78M 25.66M 7.53M 19.24M -6.90M
Total Current Liabilities 126.58M 170.83M 126.58M 144.17M 170.25M 226.59M 200.17M 102.72M 134.44M 157.05M
Long-Term Debt 249.75M 250.47M 249.75M 299.90M 360.00M 210.97M 120.99M 124.34M 106.97M 57.39M
Capital Lease Obligations 295.29M 286.59M 295.29M 290.31M 289.73M 201.39M 194.16M 183.25M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 9.89M 4.23M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 20.74M 0.00M 0.04M 0.00M
Total Non-Current Liabilities 545.04M 537.07M 545.04M 590.21M 659.62M 416.59M 335.88M 307.59M 107.01M 57.39M
Total Liabilities 671.62M 707.90M 671.62M 734.38M 829.87M 643.18M 536.05M 410.31M 241.45M 214.44M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 11.99M 11.99M 11.99M 11.99M 11.99M 11.94M 11.97M 11.86M 11.59M 11.59M
Retained Earnings 148.45M 141.15M 148.45M 156.33M 163.64M 156.54M 69.21M 120.55M 121.32M 108.64M
Accumulated OCI 9.22M 16.11M 9.22M 3.74M 10.29M 15.98M 4.69M 2.56M 1.07M 6.31M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 6.60M 5.50M
Total Shareholders’ Equity 169.65M 169.24M 169.65M 172.06M 185.92M 184.45M 85.86M 134.97M 133.98M 126.53M
Total Equity 169.65M 169.24M 169.65M 172.06M 185.92M 184.45M 85.86M 134.97M 140.58M 132.03M
Total Liabilities & Equity 841.27M 877.14M 841.27M 906.43M 1,015.79M 827.63M 621.92M 545.28M 382.03M 346.48M
Tangible Assets 844.95M 864.37M 844.95M 891.58M 987.88M 779.68M 558.91M 542.15M 381.05M 348.89M
Tangible Equity 157.58M 156.47M 157.58M 158.65M 170.90M 171.72M 72.56M 120.85M 125.94M 121.44M
Tangible Book Value 157.58M 156.47M 157.58M 158.65M 170.90M 171.72M 72.56M 120.85M 125.94M 121.44M
Total Investments 0.00M 0.00M 0.00M 0.00M -8.64M 0.00M 0.00M 0.00M 0.00M 9.79M
Net Debt 232.38M 241.51M 232.38M 275.79M 339.68M 187.04M 110.81M 110.14M 127.18M 70.16M

Capital Metrics

Metric MRQ MRQ-1 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30 2018-06-30
Working Capital 311.7M 304.7M 311.7M 363.9M 442.1M 327.2M 145.9M 172.7M 164.2M 108.0M
Total Capital 714.7M 706.3M 714.7M 762.3M 835.7M 595.9M 409.7M 442.6M 265.8M 201.1M
Capital Employed 685.3M 678.0M 685.3M 737.0M 813.0M 581.9M 396.6M 429.9M 247.6M 189.4M
Invested Capital 697.3M 697.3M 697.3M 738.2M 815.3M 572.0M 399.5M 428.4M 261.2M 196.7M

Cash Flow Statement

Metric TTM TTM-1 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30 2018-06-30
Net Income 55.57M 212.53M 0.00M 39.99M 87.33M 141.93M 64.83M 28.69M 36.06M 41.93M
Depreciation & Amortization 97.83M 72.57M 0.00M 49.18M 44.97M 31.33M 29.44M 30.72M 9.32M 8.55M
Deferred Income Tax 18.83M -73.07M 0.00M 0.00M 0.16M -1.24M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 3.27M 972.18M 0.00M 2.03M 1,243.37M 701.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 91.80M -134.56M 0.00M 97.62M 13.79M -168.97M -34.73M 0.00M 0.00M 0.00M
Accounts Receivable 37.23M -1.40M 0.00M 24.34M 28.71M -33.31M -32.38M 0.00M 0.00M 0.00M
Inventory 95.89M -122.84M 0.00M 73.28M 38.33M -185.12M -2.35M 0.00M 0.00M 0.00M
Accounts Payable -37.25M 5.97M 0.00M 0.00M -20.92M 31.20M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -4.07M -16.29M 0.00M 0.00M -32.34M 18.26M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items 6.30M 270.23M 104.95M -20.10M -1,145.31M -690.98M 45.91M 11.86M -22.34M -9.70M
Net Cash from Operating Activities 273.61M 156.43M 104.95M 168.71M 146.77M 12.09M 105.45M 71.27M 23.04M 23.68M
Capital Expenditures (PPE) -47.97M -35.11M -21.32M -26.69M -22.95M -12.16M -5.66M -4.97M -15.52M -14.79M
Acquisitions (Net) 6.28M -168.89M 0.00M 0.00M -170.54M 0.71M -5.37M -27.69M 3.18M -18.87M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.33M
Other Investing Activities 1.70M 0.79M 4.10M 2.70M 0.26M -0.09M 10.21M 0.45M 3.33M 3.12M
Net Cash from Investing Activities -41.22M -203.51M -17.22M -23.98M -193.24M -11.54M -0.82M -32.21M -9.01M -33.33M
Net Debt Issuance -120.16M 231.50M -48.09M -60.85M 128.33M 116.57M -56.58M -15.01M 46.67M 25.43M
Long-Term Debt Issuance -120.16M 231.50M -48.09M -60.85M 149.70M 129.43M -56.58M -15.01M 46.67M 25.43M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M -21.37M -12.87M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -76.74M -188.07M -19.36M -57.42M -84.62M -107.99M -53.00M -15.00M -62.00M -16.09M
Common Dividends Paid -94.45M -188.07M -19.36M -57.42M -84.62M -107.99M -53.00M -15.00M -62.00M -16.09M
Preferred Dividends Paid 17.71M 39.72M 0.00M 0.00M -0.55M 3.85M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -38.54M -27.34M -26.74M -22.90M 0.00M 0.00M 0.88M -0.16M 1.69M 1.20M
Net Cash from Financing Activities -235.45M 55.82M -94.19M -141.18M 43.16M 12.38M -108.70M -29.74M -13.65M 10.54M
Effect of FX on Cash 0.02M 0.24M -0.29M 0.24M -0.41M 0.88M 0.04M 0.20M -0.11M 0.05M
Net Change in Cash 21.15M 7.86M -6.74M 3.79M -3.72M 13.81M -4.03M 9.53M 0.27M 0.94M
Cash at Beginning of Period 33.29M 46.28M 24.11M 20.32M 24.03M 10.12M 14.20M 4.66M 4.39M 3.46M
Cash at End of Period 54.44M 54.14M 17.37M 24.11M 20.32M 23.93M 10.16M 14.20M 4.66M 4.39M
Operating Cash Flow 273.61M 156.43M 104.95M 168.71M 146.77M 12.09M 105.45M 71.27M 23.04M 23.68M
Capital Expenditure -47.97M -35.11M -21.32M -26.69M -22.95M -12.16M -5.66M -4.97M -15.52M -14.79M
Free Cash Flow 225.63M 121.32M 83.63M 142.02M 123.82M -0.06M 99.79M 66.31M 7.51M 8.89M

Free Cash Flow

Metric TTM TTM-1 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30 2018-06-30
EBITDA 221.54M 434.78M 225.66M 276.08M 308.92M 296.56M 129.49M 86.44M 88.95M 62.77M
(-) Tax Adjustment 69.58M 134.01M 66.91M 88.52M 91.51M 93.79M 37.39M 22.16M 27.19M 16.89M
(-) Change In Working Capital 91.80M -134.56M 0.00M 97.62M 13.79M -168.97M -34.73M 0.00M 0.00M 0.00M
(-) Capital Expenditure -47.97M -35.11M -21.32M -26.69M -22.95M -12.16M -5.66M -4.97M -15.52M -14.79M
Unlevered Free Cash Flow 12.19M 400.22M 137.43M 63.26M 180.66M 359.58M 121.18M 59.31M 46.23M 31.08M
(-) Net Interest Income After Taxes -65.87M -21.68M -12.79M -27.27M -15.60M -2.89M -1.42M -0.19M -7.22M 1.49M
Net Debt Issuance -120.16M 231.50M -48.09M -60.85M 128.33M 116.57M -56.58M -15.01M 46.67M 25.43M
Levered Free Cash Flow -42.10M 653.41M 102.13M 29.68M 324.60M 479.04M 66.02M 44.49M 100.12M 55.03M