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Stelco Holdings Inc T.STLC


Primary Symbol: STZHF

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. It produces flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products, as well as pig iron and metallurgical coke. With its gauge, crown, and shape control, as well as uniform through-coil mechanical properties, the Company’s steel products are supplied to customers in the construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States as well as to a variety of steel service centers, which are distributors of steel products. The Company operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.


OTCPK:STZHF - Post by User

Post by Jasonuwon Oct 29, 2021 9:23am
294 Views
Post# 34062525

EPS Estimates & Prices Realized

EPS Estimates & Prices Realized We've had several US Steel producers announce results (US Steel today) and their prices realized are below current spot or prices during Q3. On average I am seeing $1320 USD across the 4 Steel Producers I follow. This a result of long term contracts that the mills sign. Silver lining is the higher prices for longer rather than 1 quarter blip. If I use 1320 USD in my estimate for Q3, I see about 650 million CAD profit before tax. I have no idea what the conditions are on using the tax attributes but let's say there are 2 scenarios. 1 (No tax). EPS of $8.2 CAD per share. 2 ( 25% Tax) EPS of 6.1 CAD per share. If they had ~ 250 million in Cash at end of Q2, used 400 million to buy back 13% of the shares and now have earned 650 million ( no tax scenario). They should be sitting on 500 million of Cash on the balance sheet. About 15% of their market cap. I say that because I like limiting my downside risk. If a company has that much cash, it puts a floor on their share price. Anyways. Bottom line is EPS forecast of $8.2. Anybody else want to post their EPS estimates?
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