I-Olympic Steel Inc. (NASDAQ: ZEUS) ikhulisa ibhizinisi layo ngokuzikhandla ngokuthola izinkampani ezisondelene nezigaba zayo zebhizinisi.Imali engenayo inyukile onyakeni odlule ngenxa ye-supercycle yempahla, kodwa i-Olympic Steel isanda kuba nezinkinga ngenxa yokuwa kwentengo yensimbi, okubangele ukwehla kwenani lempahla yayo. Intengo yesitoko idlule i-S&P 500 kanye ne-Dow Jones Industrial Metals & Mining index (DJUSIM) ngaphezu kwama-30%. Intengo yesitoko idlule i-S&P 500 kanye ne-Dow Jones Industrial Metals & Mining index (DJUSIM) ngaphezu kwama-30%. Цена акций превысила индекс S&P 500 kanye ne-Dow Jones Industrial Metals & Mining (DJUSIM) более чем ku-30%. Intengo yesitoko isebenze kahle kakhulu kune-S&P 500 kanye ne-Dow Jones Industrial Metals & Mining (DJUSIM) ngaphezulu kwama-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).
Ngenkathi i-Olympic Steel ikhombise ukuhlobana okuhle okuqinile nenkomba yentengo yensimbi ngesikhathi sokukhula kwensimbi okwaqala ngesikhathi sodlame lwe-COVID-19, umbuzo manje uthi ingabe inkampani ingakwazi yini ukusimamisa ukukhula futhi ivumele oseyili bayo ukuthi bayiqondise, hhayi umoya.?
Nakuba inkampani iyithenga kahle ngaphansi kwezimo ezijwayelekile, angithathi hlangothi mayelana nokuwohloka komnotho kwamanje kuze kube yilapho izintengo zempahla zibuyela kumazinga avamile, okungenani ekupheleni konyaka.
I-Olympic Steel, Inc., inkampani encane yomphakathi enemali emakethe yezigidi ezingu-US$293.77, iyisikhungo samasevisi ensimbi esicubungula futhi sidayise izinsimbi e-United States.Inkampani isebenza amayunithi ebhizinisi amathathu ahlukene;
I-Specialty Metal Flats kanye ne-Carbon Flats: Lezi zigaba ezimbili zivame ukuhlanganiswa ngenxa yesimo esifanayo sezinsiza ezisetshenziswa izigaba ezimbili, okuholela ekwabelaneni kwezindleko.Ngokombiko waminyaka yonke wale nkampani, imikhiqizo yazo zombili izigaba igcinwa ezindaweni ezivamile, kanti kwezinye izindawo icutshungulwa emishinini ehlanganyelwayo. Umkhiqizo we-carbon flat kanye nezingxenye zensimbi ezikhethekile zenze ingxenye enkulu yemali engenayo ye-Olympic Steel, ebalelwa ku-55% no-29% wemali engenayo ku-MRQ. Umkhiqizo we-carbon flat kanye nezingxenye zensimbi ezikhethekile zenze ingxenye enkulu yemali engenayo ye-Olympic Steel, ebalelwa ku-55% no-29% wemali engenayo ku-MRQ.Izingxenye ze-Carbon Flat kanye ne-Specialty Metals zenze ingxenye enkulu yemali engenayo ye-Olympic Steel, ebalelwa ku-55% no-29% wemali engenayo ye-MRQ.Amasegimenti e-carbon flats kanye nezinsimbi ezikhethekile enza imali eningi ye-Olympic Steel, ebalelwa ku-55% no-29% wemali engenayo ye-MRQ, ngokulandelana.
Ingxenye ye-Carbon & Specialty Sheets ihlanganisa izindawo zokucwenga zamasu ezingu-33 nezokumaketha e-US kanye neyodwa eseMonterrey, e-Mexico.
Ingxenye yesithathu yenkampani, i-Tubular Products, ihlanganisa izakhiwo eziyisishiyagalombili kanye nama-akhawunti we-16% yemali engenayo ye-MRQ.Inkampani kancane kancane ishintsha ukugxila kwayo engxenyeni yensimbi ekhethekile, futhi kusobala emalini engenayo yonyaka ukuthi imali engenayo evela emikhiqizweni eyisicaba iye yanda.Ngokuphambene nalokho, ukukhiqizwa kwamapayipi nemikhiqizo yamapayipi kwehla.
Izinsizakalo zebhizinisi zinikezwa ikakhulukazi abakhiqizi bemishini yezimboni nemishini, abakhiqizi bezimoto, abakhiqizi bezinto zikagesi kanye nabakhiqizi bemishini yezolimo.
Amakhasimende abaluleke kakhulu enkampani abakhiqizi bemishini yezimboni kanye nemishini, ehlanganisa ngaphezu kuka-27.4% wensalela yokuthengiswa kwe-MRQ.Ezinye izibalo ezifanele nazo zikhonjisiwe kuthebula elingezansi.
NgoSepthemba 2021, i-Olympic Steel idayisele i-Venture Steel Inc. iyunithi yebhizinisi layo e-Detroit ngezigidi ezingu-$58.4 kanye nokulungiswa kwezimali zokusebenza okungaba izigidi ezingu-$13.5 ukuze kuvalwe ngasekuqaleni kuka-2022. Lokhu kubonisa ukuthuthuka kokugeleza kwemali okuvela emisebenzini yokutshala izimali ezitatimendeni zayo zezezimali, okwehle ngamaphesenti angaphezu kwangu-50 ukusuka ku-$28.1 wezigidi ezingu-202 ekulahlekelweni kwezigidi ezingu-31 ekulahlekeni kwezigidi ezingu-202 eziphelele ezingu-202.
“Sisagxile esu lethu lesikhathi eside lokuqhubekisela phambili ukuhlukahluka kwebhizinisi lethu, ukuletha inzuzo eqhubekayo nokukhulisa inani labanikazi bamasheya.Inzuzo evela ekuthengisweni kwebhizinisi laseDetroit izosetshenziselwa ukwehlisa isikweletu, okuzoholela ekululameni okukhulu kokutholwa kwezinto eziphilayo kanye nokutshalwa kwezimali ezinhlelweni zokukhula nokuzenzakalela.
Eminyakeni embalwa edlule, i-Olympic Steel iye yasusa ukugxila kwayo emikhiqizweni ye-carbon flat kuya kumashidi ensimbi akhethekile.Ifuna ukuhlanganisa abakhiqizi abasebenzisa insimbi kakhulu kumodeli yayo yebhizinisi ngokuthola izinkampani embonini efanayo.
Ukusebenza e-Detroit kugxile ekusabalaliseni amafulethi ekhabhoni kubakhi bezimoto basekhaya nabahlinzeki babo, ikakhulukazi engxenyeni yamafulethi ekhabhoni.I-Olympic Steel ibika ukuthi ngaphansi kuka-3% kokuthengisiwe kwabo kuvela kubakhi bezimoto noma abakhiqizi bezingxenye zezimoto.
Ngemva nje kokudayiswa kokusebenza kwe-carbon-centric ye-Detroit, i-Olympic Steel yasebenzisa enye yemali etholakele ukuze ithole elinye ibhizinisi lokusabalalisa insimbi engagqwali ne-aluminium, i-Shaw Stainless Steel & Alloy, Inc., ngo-$12.1 Million. Ngemva nje kokudayiswa kokusebenza kwe-carbon-centric ye-Detroit, i-Olympic Steel yasebenzisa enye yemali etholakele ukuze ithole elinye ibhizinisi lokusabalalisa insimbi engagqwali ne-aluminium, i-Shaw Stainless Steel & Alloy, Inc., ngo-$12.1 Million. Сразу после продажи Детройта, ориентированного на выбросы углерода, Olympic Steel использовала часть выручки от проджи жавеющей стали и алюминия, Shaw Stainless Steel & Alloy, Inc., kusukela ku-12,1 миллиона долларов. Ngokushesha ngemva kokudayiswa kwe-Detroit eshayelwa ngekhabhoni, i-Olympic Steel yasebenzisa ingxenye yenzuzo ekuthengisweni ukuze ithole omunye umthengisi wensimbi engagqwali ne-aluminium, i-Shaw Stainless Steel & Alloy, Inc., nge-$12.1 million.在 底 特律 以 碳 为 中心 的 业务 出售 出售 出售 后, I-Olimpiki Yensimbi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 伓 伓 会会w Stainess Steel & Alloy, Inc.. I-После продажи своего углеродоориентированного бизнеса в Детройте Olympic Steel kanye ne-спользовала часть выручки от продажи для приобретения, Inc. ьютора нержавеющей стали и алюминия, 12,1 миллиона долларов. Ngemva kokudayiswa kwebhizinisi layo lekhabhoni laseDetroit, i-Olympic Steel yasebenzisa ingxenye yemali ethengisiwe ukuze ithole i-Shaw Stainless Steel & Alloy, Inc., enye insimbi engagqwali ne-aluminium distributor, ngezigidi ezingu-12.1 zamaRandi. Ngo-2019, i-Olympic Steel iphinde yathola i-Action Stainless & Alloys ngo-$19.5 Million. Ngo-2019, i-Olympic Steel iphinde yathola i-Action Stainless & Alloys ngo-$19.5 Million. В 2019 году Olympic Steel также приобрела Action Stainless & Alloys за 19,5 миллионов долларов. Ngo-2019, i-Olympic Steel iphinde yathola i-Action Stainless & Alloys ngo-$19.5 million. 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 iphinde yathola i-Action Stainless & Alloys ngo-$19.5 million.Ngokufanayo, ekuqaleni kuka-2018, i-Olympic Steel yathola i-Berlin Metal, esinye sezikhungo ezinkulu zesevisi eNyakatho Melika, esicubungula futhi sidayise i-premium tinplate kanye ne-stainless steel strip ngendlela yamakhoyili afakiwe.
Ukuzuza umnotho wesilinganiso kanye nokwehlukanisa iphothifoliyo yayo ngokuthengwa bekugxilwe yi-Olympic Steel kule minyaka emihlanu edlule futhi sekuzuze izinkampani ezingaphezu kwezinhlanu, okuhlanganisa nezine kule minyaka emihlanu edlule.Lokhu kutholwa okuseceleni kukhombisa ngokusobala ukuthi i-Olympic Steel ihlose ukugxila ekwandiseni nasekuhlukaniseni iphothifoliyo yayo kanye nokunciphisa ukujikeleza kwamabhizinisi akhona.
Isidingo samaShayina sesivele sinzima kule nyanga futhi singabona ukwehla komphumela ezinkampanini zaseMelika.Amanani ensimbi nengxenye yawo eyinhloko yensimbi aguquguquka ngesikhathi sokuvalwa kweShanghai, kodwa akhombisa ukwehla ekuqaleni kwale nyanga, ngokusho kwe-CNBC.I-Allied Market Research ilinganisela ukuthi imakethe yezinsimbi ezikhethekile izokhula ku-CAGR ka-3.50% ukuze ifinyelele ku-$276 billion ngo-2031. Lesi silinganiso sokukhula sibonakala singonga kahle enkampanini encane efana ne-Olympic Steel Inc.
Amanani entengo yamasheya emikhakheni eminingi yensimbi, yezimayini neyempahla akhuphukile futhi kungenzeka aqhubeke nokukhuphuka inqobo nje uma kubikwa izibalo zokwehla kwamandla emali ezingaphezu kwabezilindelwe.Ngenxa yalokho, intengo ye-ZEUS ikhuphuke cishe ku-$27 ngonyaka odlule, ngamaviki angu-52 ukuphakama ngaphezudlwana kuka-$43.
Abatshalizimali manje sebebheke ukutshala imali emasheya aqinile alo mkhakha, okungamelana nezikhathi ezinzima uma bezithola besesimweni esiyingozi.Izisekelo eziqinile, amashidi ebhalansi anempilo kanye nokungabi namali ngokweqile kuzoba ezinye zezinto ezibalulekile okufanele uzibheke ezimweni ezinzima zemakethe njengoba umfutho wentengo ungase ungabonisi isikhundla sangempela senkampani.
Inkampani ibike i-MRQ EPS ka-$3.10, izilinganiso ezisebenza kahle kakhulu ngo-$0.84, okuletha isilinganiso senani lemali engenayo esingu-2.06 phakathi nezinyanga eziyi-12 ezedlule.Lesi silinganiso sentengo-kuya-amaholo singcono kakhulu kunezimbangi, isilinganiso esingu-11.76x.Ngokufanayo, wonke ama-metrics angukhiye aphansi kakhulu uma kuqhathaniswa nontanga yawo, ngesaphulelo esimaphakathi kuwo wonke ama-metrics angu-70%, okuphakamisa amathuba aphezulu ezintengo ze-Olympic Steel.
Ngaphezu kwalokho, ngoMeyi 2022, Ibhodi Labaqondisi lagunyaza ukukhokhwa kwesabelo sezimali esivamile sekota esingu-$0.09 ngesheya ngalinye kubanikazi bamasheya ababhalisiwe kusukela ngomhla ka-1 Juni 2022, okumele ikhokhwe ngomhla ka-15 Juni 2022.
Ngokufanayo, i-ROE engama-35% kanye ne-ROTA engu-13% ikhombisa ukusetshenziswa okungcono kwezinsiza kunemboni, okungaphezu kokuphindwe kabili kwabasenzi bemboni ka-12.86% no-5.22%.
Ngilindele ukuthi amanani e-inventory ehle engxenyeni yesithathu ka-2022 ngenxa yokwehla okukhulu kwakamuva kwezintengo zensimbi.Kuze kube manje, intengo kanye nomfutho obalulekile kuhlotshanisiwe.Uma okuyisisekelo kuhlala kuqinile, kungaba ngokungachemi futhi kunengqondo ukucabanga ukuthi amasheya amancane azoletha imbuyiselo ehloniphekile ngokuhamba kwesikhathi.
Okuqaphelekayo ukuthi i-Olympic Steel's credit-to-equity ratio iphezulu impela njengoba ifinyelela ku-73.41%, iningi lesikweletu sayo sithathwa njengesikweletu sesikhathi eside esivikelekile, nakuba sehle ngo-5.83% unyaka nonyaka, sisuka ku-$360 million saya ku-$339.million iku-MRQ.
I-Olympic Steel isayine isivumelwano semalimboleko esingu-$455 million ne-Bank of America (BAC) ngo-2017, esiphelelwa yisikhathi ngoDisemba 2022. Isivumelwano esiguquguqukayo sinweba isikhungo sesikweletu esikhona seminyaka emihlanu esiguqukayo kuze kube uJuni 2026, sivikelwe ngokuyinhloko izinto ezitholwayo zenkampani, i-inventory, nempahla namathuluzi.Lesi sikhwama sihlanganisa kufika ku-$200 wezigidi ezinhlelweni zokukhula.
Njengenkampani embonini yama-cyclical, i-Olympic Steel ibhekene nengozi enkulu yesistimu.Lokhu kuphakama okuphezulu kubangele i-beta ephezulu yenkampani ku-1.51, okubangele ukuguquguquka okuphezulu.
Isakhiwo semali yenkampani kufanele silingane, isikweletu esikhulu senkampani kufanele sibe nezindleko eziphansi zemali, izuze emijikelezweni ngokukhiya amanani enzalo aphansi ngaphambi komjikelezo wokwehla.
I-Fitch ilindele ukuthi izintengo zensimbi zomhlaba wonke zehle ngo-2022 uma kuphela ukusimama kwamanani omhlaba.
Ngaphandle kweChina, i-US isalele emuva kakhulu kwabancintisana nabo emhlabeni wonke ekuqaliseni kabusha umthamo wokukhiqiza ngemuva kokuphazamiseka kwe-Covid-19 kanye nokuncishiswa kokukhiqiza.Ukuqhubekela phambili, i-Fitch ilindele ukuthi ukunikezwa kwe-US kuqale kabusha ezinyangeni ezizayo futhi ukungenisa ezweni kuzothuthuka, okuholela ekuzinzeni kancane kancane kwezintengo zensimbi zase-US ngo-2022.
I-Olympic Steel isebenza kanzima ekukhuliseni ibhizinisi layo kokubili ekhaya naphesheya, kodwa uma inkampani inethemba lokuncintisana nabadlali abakhulu eminyakeni ezayo, idinga ukwandisa ibhizinisi layo, okucatshangwa ukuthi likhule ngezinga eliphezulu lonyaka.isilinganiso kunezinsimbi ezikhethekile, noma 3.5%.I-Olympic Steel inengozi enkulu yokwenyuka kwenani labanikazi bamasheya, okwenza ukutshala imali enkampanini kube yingozi enkulu kanye nesimo somvuzo ngenxa yemali yayo emakethe encane uma kuqhathaniswa.
Uma kubhekwa umlando wenkampani, ithathe izinyathelo eziqinile zokuthola nokwandisa ibhizinisi layo.Kepha manje yisikhathi sokuthi i-Olympic Steel yehlise isikweletu sayo futhi isibuyisele ezingeni elifanele, lapho ukushintshashintsha kwemali engenayo kanye neholo kufanele kwehle ngokuhamba kwesikhathi ukuze kuqhubeke ukukhula kwemvelo.
Uma kubhekwa ukuntengantenga kwemakethe kwamanje kanye nesimo sokujikeleza kwemboni lapho i-Olympic Steel isebenza khona, singabona umgwaqo onamatshe ngaphambili.Izici ezinkulu ezinjengokwenyuka kwamazinga okwehla kwamandla emali, ukuvalwa kweChina okuhlobene ne-COVID kanye nezingcindezi zokuwohloka komnotho kwabhebhethekisa isiphithiphithi semakethe, okungenze ngenze i-Olympic Steel “njengeyibambele” kuze kube yilapho izinto zehlile futhi kuba nokusimama okuthile.
Ukudalula: Mina/asinaso isitoko, izinketho noma izikhundla ezifanayo zokuphuma kunoma yiziphi izinkampani ezishiwo futhi angihleli ukuthatha lezo zikhundla emahoreni angama-72 alandelayo.Ukudalulwa Kobudlelwane Bebhizinisi: Lesi sihloko sabhalwa nguHaider Arshad Research futhi sabuyekezwa futhi sathunyelwa nguMnu Walid Tariq.