Vulcan SteelNZSE:VSL +2.11%54 EV-to-FCF is 35.13 as of Jul. 02, 2026, which is 172% above its 10-year median of 12.91. GuruFocus rates NZSE:VSL with a GF Score™ of 54/100 and a GF Value™ of NZ$7.99 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 358 Steel companies, Vulcan Steel ranks worse than 69.83% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Vulcan Steel's Enterprise Value is NZ$1,452.4 Mil.
Vulcan Steel's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NZ$41.3 Mil. Therefore, Vulcan Steel's EV-to-FCF for today is 35.13.
The historical rank and industry rank for Vulcan Steel's EV-to-FCF or its related term are showing as below:
NZSE:VSL'
s EV-to-FCF Range Over the Past 10 Years
Min: -27083.48 Med: 12.91 Max: 32.44
Current: 32.44
During the past 4 years, the highest EV-to-FCF of Vulcan Steel was 32.44. The lowest was -27083.48. And the median was 12.91.
NZSE:VSL's EV-to-FCF is ranked worse than 69.83% of 358
companies
in the Steel industry
Industry Median: 15.845
vs NZSE:VSL: 32.44
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Vulcan Steel's PE Ratio (TTM) for today is calculated as:
Vulcan Steel's share price for today is NZ$6.28.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vulcan Steel's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was NZ$0.108.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Vulcan Steel EV-to-FCF Related Terms
Vulcan Steel EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Vulcan Steel's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Steel subindustry, Vulcan Steel's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Vulcan Steel EV-to-FCF vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Vulcan Steel's EV-to-FCF falls into.
Vulcan Steel's current Enterprise Value is NZ$1,452.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vulcan Steel's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NZ$41.3 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Vulcan Steel (NZSE:VSL) has a EV-to-FCF of 35.13 as of Jul. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Vulcan Steel and its competitors. This is 172% above median its historical median of 12.91. According to the industry distribution chart, Vulcan Steel ranks #250 out of 358 companies in the Steel industry, placing it in the top 69.8%.
Is Vulcan Steel's EV-to-FCF too high?
Vulcan Steel's current EV-to-FCF of 35.13 is 172% above median its 10-year median of 12.91. The Steel industry median EV-to-FCF is 15.85. Vulcan Steel's value of 35.13 is 121.7% above this industry median. Based on the distribution chart, Vulcan Steel ranks #250 out of 358 companies in the Steel industry, which is below the industry midpoint. Overall, Vulcan Steel has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's EV-to-FCF compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #250 out of 358 companies for EV-to-FCF. This places Vulcan Steel in the lower half of its industry. The industry median EV-to-FCF is 15.85. Vulcan Steel's value of 35.13 is 121.7% above this benchmark. While the company's 10-year median is 12.91 vs. the industry median of 15.85, Vulcan Steel has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Steel company?
The median EV-to-FCF among Steel companies is 15.85, based on 358 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vulcan Steel's current EV-to-FCF of 35.13 is 121.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Vulcan Steel and its competitors. For the Steel industry, the median EV-to-FCF is 15.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current EV-to-FCF is 35.13, which is 172% above median its own 10-year median of 12.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (NZSE:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$7.99, compared to a current price of NZ$6.28 — trading 21.4% below its estimated fair value. The current EV-to-FCF is 35.13, which is 172% above median its 10-year median of 12.91 and 121.7% above the Steel industry median of 15.85. Vulcan Steel's overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Vulcan Steel (NZSE:VSL), the current EV-to-FCF is 35.13 as of Jul. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Vulcan Steel (NZSE:VSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued.
The current stock price of NZ$6.28 is trading 21.4% below its estimated GF Value™ of NZ$7.99.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for NZSE:VSL:
EV-to-FCF: 35.13 (172% above median its 10-year median of 12.91)
GF Value™: NZ$7.99 vs. price of NZ$6.28 (21.4% below fair value)
Industry Position: 121.7% above the Steel median (#250 of 358)
No single metric tells the full story. See the NZSE:VSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
54GF Score
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