Is Olympic Steel Stock a Good Investment?
Olympic Steel Investment Advice | ZEUS |
- Examine Olympic Steel's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Olympic Steel's leadership team and their track record. Good management can help Olympic Steel navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Metals & Mining space and any emerging trends that could impact Olympic Steel's business and its evolving consumer preferences.
- Compare Olympic Steel's performance and market position to its competitors. Analyze how Olympic Steel is positioned in terms of product offerings, innovation, and market share.
- Check if Olympic Steel pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Olympic Steel's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Olympic Steel stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Olympic Steel is a good investment.
Sell | Buy |
Hold
Market Performance | Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Olympic Steel Stock
Researching Olympic Steel's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 12.0% of the company outstanding shares are owned by insiders. The company has Price to Book (P/B) ratio of 0.83. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Olympic Steel has Price/Earnings To Growth (PEG) ratio of 0.46. The entity last dividend was issued on the 2nd of December 2024.
To determine if Olympic Steel is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Olympic Steel's research are outlined below:
| Olympic Steel is unlikely to experience financial distress in the next 2 years | |
| Olympic Steel has a strong financial position based on the latest SEC filings | |
| Over 80.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from bizjournals.com: Olympic Steel buys Georgia metal former MetalWorks |
Olympic Steel Quarterly Good Will |
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Olympic Steel uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Olympic Steel. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Olympic Steel's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Olympic Steel's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Olympic Steel's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2003-10-30 | 2003-09-30 | -0.02 | -0.01 | 0.01 | 50 | ||
1999-10-20 | 1999-09-30 | 0.09 | 0.08 | -0.01 | 11 | ||
1998-10-22 | 1998-09-30 | -0.04 | -0.03 | 0.01 | 25 | ||
1995-10-24 | 1995-09-30 | 0.09 | 0.1 | 0.01 | 11 | ||
2019-11-08 | 2019-09-30 | 0.07 | 0.05 | -0.02 | 28 | ||
2019-08-01 | 2019-06-30 | 0.16 | 0.18 | 0.02 | 12 | ||
2010-04-29 | 2010-03-31 | 0.18 | 0.16 | -0.02 | 11 | ||
2002-08-01 | 2002-06-30 | 0.13 | 0.15 | 0.02 | 15 |
Know Olympic Steel's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Olympic Steel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Olympic Steel backward and forwards among themselves. Olympic Steel's institutional investor refers to the entity that pools money to purchase Olympic Steel's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Bridgeway Capital Management, Llc | 2024-09-30 | 182.9 K | Jb Capital Partners Lp | 2024-09-30 | 182.5 K | Bank Of New York Mellon Corp | 2024-06-30 | 141.8 K | Jacobs Levy Equity Management, Inc. | 2024-09-30 | 122.8 K | Aqr Capital Management Llc | 2024-06-30 | 121.9 K | Cubist Systematic Strategies, Llc | 2024-09-30 | 105.8 K | Northern Trust Corp | 2024-09-30 | 100.5 K | Charles Schwab Investment Management Inc | 2024-09-30 | 95.5 K | Jpmorgan Chase & Co | 2024-06-30 | 90.9 K | Blackrock Inc | 2024-06-30 | 2.1 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 852.2 K |
Olympic Steel's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 452.54 M.Market Cap |
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Olympic Steel's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.05 | 0.05 | |
| Return On Capital Employed | 0.09 | 0.08 | |
| Return On Assets | 0.04 | 0.05 | |
| Return On Equity | 0.08 | 0.08 |
Determining Olympic Steel's profitability involves analyzing its financial statements and using various financial metrics to determine if Olympic Steel is a good buy. For example, gross profit margin measures Olympic Steel's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Olympic Steel's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Olympic Steel's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Olympic Steel. Check Olympic Steel's Beneish M Score to see the likelihood of Olympic Steel's management manipulating its earnings.
Evaluate Olympic Steel's management efficiency
Olympic Steel has return on total asset (ROA) of 0.0347 % which means that it generated a profit of $0.0347 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0473 %, meaning that it created $0.0473 on every $100 dollars invested by stockholders. Olympic Steel's management efficiency ratios could be used to measure how well Olympic Steel manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Olympic Steel's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.05 in 2024, whereas Return On Capital Employed is likely to drop 0.08 in 2024. At this time, Olympic Steel's Non Current Assets Total are comparatively stable compared to the past year. Intangible Assets is likely to gain to about 97.3 M in 2024, despite the fact that Non Currrent Assets Other are likely to grow to (51.6 M).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 48.00 | 50.40 | |
| Tangible Book Value Per Share | 35.49 | 37.27 | |
| Enterprise Value Over EBITDA | 9.25 | 6.43 | |
| Price Book Value Ratio | 1.39 | 0.95 | |
| Enterprise Value Multiple | 9.25 | 6.43 | |
| Price Fair Value | 1.39 | 0.95 | |
| Enterprise Value | 155.7 M | 138.4 M |
Olympic Steel benefits from a management team that prioritizes both innovation and efficiency. We analyze these priorities to gauge the stock's future performance.
Dividend Yield 0.0148 | Forward Dividend Yield 0.0148 | Forward Dividend Rate 0.6 | Beta 1.473 |
Basic technical analysis of Olympic Stock
As of the 24th of November, Olympic Steel holds the Coefficient Of Variation of 2186.68, risk adjusted performance of 0.0424, and Semi Deviation of 2.48. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Olympic Steel, as well as the relationship between them. Please check Olympic Steel standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Olympic Steel is priced some-what accurately, providing market reflects its current price of 42.41 per share. Given that Olympic Steel has jensen alpha of (0.16), we recommend you to check out Olympic Steel's recent market performance to make sure the company can sustain itself at a future point.Olympic Steel's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Olympic Steel insiders, such as employees or executives, is commonly permitted as long as it does not rely on Olympic Steel's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Olympic Steel insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Kempthorne Dirk A over three months ago Acquisition by Kempthorne Dirk A of 1628 shares of Olympic Steel subject to Rule 16b-3 | ||
Rippey Michael G over six months ago Acquisition by Rippey Michael G of 3434 shares of Olympic Steel subject to Rule 16b-3 | ||
David Wolfort over six months ago Disposition of 3000 shares by David Wolfort of Olympic Steel at 35.81 subject to Rule 16b-3 | ||
David Wolfort over six months ago Disposition of 189 shares by David Wolfort of Olympic Steel at 26.75 subject to Rule 16b-3 | ||
Arthur Anton over six months ago Acquisition by Arthur Anton of 1675 shares of Olympic Steel subject to Rule 16b-3 | ||
David Wolfort over six months ago Disposition of 5000 shares by David Wolfort of Olympic Steel subject to Rule 16b-3 | ||
David Wolfort over a year ago Bona fide gift to David Wolfort of 6000 shares of Olympic Steel subject to Section 16 | ||
David Wolfort over a year ago Sale by David Wolfort of 4250 shares of Olympic Steel |
Olympic Steel's Outstanding Corporate Bonds
Olympic Steel issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Olympic Steel uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Olympic bonds can be classified according to their maturity, which is the date when Olympic Steel has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US681639AB60 Corp BondUS681639AB60 | View | |
| US681639AA87 Corp BondUS681639AA87 | View |
Understand Olympic Steel's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Olympic Steel's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0424 | |||
| Market Risk Adjusted Performance | 0.0625 | |||
| Mean Deviation | 2.11 | |||
| Semi Deviation | 2.48 | |||
| Downside Deviation | 2.63 | |||
| Coefficient Of Variation | 2186.68 | |||
| Standard Deviation | 2.86 | |||
| Variance | 8.17 | |||
| Information Ratio | (0.000027) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.000029) | |||
| Treynor Ratio | 0.0525 | |||
| Maximum Drawdown | 14.9 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 4.04 | |||
| Downside Variance | 6.91 | |||
| Semi Variance | 6.17 | |||
| Expected Short fall | (2.24) | |||
| Skewness | 0.6868 | |||
| Kurtosis | 3.16 |
| Risk Adjusted Performance | 0.0424 | |||
| Market Risk Adjusted Performance | 0.0625 | |||
| Mean Deviation | 2.11 | |||
| Semi Deviation | 2.48 | |||
| Downside Deviation | 2.63 | |||
| Coefficient Of Variation | 2186.68 | |||
| Standard Deviation | 2.86 | |||
| Variance | 8.17 | |||
| Information Ratio | (0.000027) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.000029) | |||
| Treynor Ratio | 0.0525 | |||
| Maximum Drawdown | 14.9 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 4.04 | |||
| Downside Variance | 6.91 | |||
| Semi Variance | 6.17 | |||
| Expected Short fall | (2.24) | |||
| Skewness | 0.6868 | |||
| Kurtosis | 3.16 |
Consider Olympic Steel's intraday indicators
Olympic Steel intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Olympic Steel stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Olympic Steel Corporate Filings
10Q | 1st of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 31st of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 18th of October 2024 An amended filing to the original Schedule 13G | ViewVerify |
| 1st of April 2024 Other Reports | ViewVerify |
Olympic Stock media impact
Far too much social signal, news, headlines, and media speculation about Olympic Steel that are available to investors today. That information is available publicly through Olympic media outlets and privately through word of mouth or via Olympic internal channels. However, regardless of the origin, that massive amount of Olympic data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Olympic Steel news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Olympic Steel relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Olympic Steel's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Olympic Steel alpha.
Olympic Steel Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Olympic Steel can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Olympic Steel Corporate Management
| Lisa Christen | Treasurer Controller | Profile | |
| Ken Sloan | VP HR | Profile | |
| Michelle SPHR | Vice Marketing | Profile | |
| Richard CPA | Chief Officer | Profile | |
| Francis Ruane | Executive Chain | Profile |
Already Invested in Olympic Steel?
The danger of trading Olympic Steel is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Olympic Steel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Olympic Steel. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Olympic Steel is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additional Tools for Olympic Stock Analysis
When running Olympic Steel's price analysis, check to measure Olympic Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.