Professional
Added to YB: 2024-03-14
Pitch date: 2024-03-09
STZHF [bullish]
Stelco Holdings Inc.
+70.79%
current return
Author Info
No bio for this author
Company Info
Stelco Holdings Inc. engages in the production and sale of steel products in Canada, the United States, and internationally.
Market Cap
CAD 3.7B
Pitch Price
CAD 39.90
Price Target
N/A
Dividend
7.34%
EV/EBITDA
8.54
P/E
21.69
EV/Sales
1.36
Sector
Metals and Mining
Category
value
Fairfax Financial Portfolio Holding: Stelco Holdings Inc. - $STZHF
$STZHF: Stelco showcased strong performance & cost efficiency amid volatile steel prices. Kestenbaum-led team prioritizes shareholder value, operates top-tier North American blast furnace assets. Recent facility upgrades + Nippon's deal w/ US Steel at 7.8x '24 EBITDA stress industry attractiveness. Stelco holds significant net cash for growth; distributed C$3 special + C$1.68 regular dividends '23, raised to C$2 '24. Book value $22.44/share against market $37.84. Upside seen.
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