Vulcan SteelASX:VSL -0.60%60 FCF Margin % is 4.55% as of Dec. 2025, which is 51% below its 10-year median of 9.33. GuruFocus rates ASX:VSL with a GF Score™ of 60/100 and a GF Value™ of A$6.22 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 617 Steel companies, Vulcan Steel ranks better than 67.75% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Vulcan Steel's Free Cash Flow for the
six
months ended in Dec. 2025 was A$21.2 Mil. Vulcan Steel's Revenue for the
six
months ended in Dec. 2025 was A$466.3 Mil. Therefore, Vulcan Steel's FCF Margin % for the quarter that ended in Dec. 2025 was 4.55%.
The historical rank and industry rank for Vulcan Steel's FCF Margin % or its related term are showing as below:
ASX:VSL'
s FCF Margin % Range Over the Past 10 Years
Min: -0.01 Med: 9.33 Max: 13.34
Current: 4.16
During the past 4 years, the highest FCF Margin % of Vulcan Steel was 13.34%. The lowest was -0.01%. And the median was 9.33%.
ASX:VSL's FCF Margin % is ranked better than 67.75% of 617
companies
in the Steel industry
Industry Median: 1.1
vs ASX:VSL: 4.16
Vulcan Steel FCF Margin % Related Terms
Vulcan Steel FCF Margin % Historical Data
* Premium members only.
The historical data trend for Vulcan Steel's FCF Margin % 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 FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Vulcan Steel's FCF Margin % falls into.
* 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 (ASX:VSL) has a FCF Margin % of 4.55% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Vulcan Steel and its competitors. This is 51% below median its historical median of 9.33. According to the industry distribution chart, Vulcan Steel ranks #199 out of 617 companies in the Steel industry, placing it in the top 32.3%.
Is Vulcan Steel's FCF Margin % too high?
Vulcan Steel's current FCF Margin % of 4.55% is 51% below median its 10-year median of 9.33. The Steel industry median FCF Margin % is 1.10. Vulcan Steel's value of 4.55% is 313.6% above this industry median. Based on the distribution chart, Vulcan Steel ranks #199 out of 617 companies in the Steel industry, which is above the industry midpoint. Overall, Vulcan Steel has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's FCF Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #199 out of 617 companies for FCF Margin %. This puts Vulcan Steel in the upper half of its industry. The industry median FCF Margin % is 1.10. Vulcan Steel's value of 4.55% is 313.6% above this benchmark. While the company's 10-year median is 9.33 vs. the industry median of 1.10, 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 FCF Margin % for a Steel company?
The median FCF Margin % among Steel companies is 1.10, based on 617 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vulcan Steel's current FCF Margin % of 4.55% is 313.6% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Vulcan Steel and its competitors. For the Steel industry, the median FCF Margin % is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current FCF Margin % is 4.55%, which is 51% below median its own 10-year median of 9.33. 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 (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.22, compared to a current price of A$5.01 — trading 19.5% below its estimated fair value. The current FCF Margin % is 4.55%, which is 51% below median its 10-year median of 9.33 and 313.6% above the Steel industry median of 1.10. Vulcan Steel's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Vulcan Steel (ASX:VSL), the current FCF Margin % is 4.55% as of Dec. 2025. 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 (ASX:VSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued.
The current stock price of A$5.01 is trading 19.5% below its estimated GF Value™ of A$6.22.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for ASX:VSL:
FCF Margin %: 4.55% (51% below median its 10-year median of 9.33)
GF Value™: A$6.22 vs. price of A$5.01 (19.5% below fair value)
Industry Position: 313.6% above the Steel median (#199 of 617)
No single metric tells the full story. See the ASX: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.
60GF Score
Get the complete analysis for ASX:VSL
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:VSL has been successfully added to your 
