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Stelco Holdings Inc STZHF


Primary Symbol: T.STLC

Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. The Company produces flat-rolled value-added steels, including coated, cold-rolled, and hot-rolled steel products, as well as pig iron and metallurgical coke. It also provides gauge, crown, and shape control, as well as uniform through-coil mechanical properties. The Company’s steel products are supplied to customers in the steel service center, construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States. It operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.


TSX:STLC - Post by User

Post by fishcarrieron Sep 16, 2021 9:01am
169 Views
Post# 33867634

Fun with figures

Fun with figuresMy computer this morning says that STLC trades at 46.62, which is 11.92 x its earnings of 3.91. I am not sure where the 3.91 comes from. 2020? 
Q3, 2020 loss was .91 says my machine; Q 4 was .51, Q1 2021 was 1.75, Q2 was 4.28 for a total of 5.62. $46.62/ 5.62 would be 8.28 times earnings of last 4 quarters.
Assuming earnings of $7 this quarter, the 4 figures would be .51, 1.75, 4.28 and 7 for a total of 13.54. Assuming a p/e ratio of 5, then 5 x 13.54 would be $67.70/sh.
Assuming earnings of $6 for Q4, that would be a total of $19.03 for the year. Assuming a p/e of 5, we get 5 x 19.03 = $95.15 per share. 

If they want to use future earnings, then my computer says ~ 9.50 for 2022. Then 5 x 9.50 = $47.50. If they still use ~11 x, then 11 x 9.50 = 104.50. 

Note: a p/e of 5, isn't even half of what it is now. 
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