Vulcan Steel (ASX:VSL) Goodwill: A$0.0 Mil (As of Dec. 2025)


ASX:VSL Vulcan Steel Ltd ASX:VSL
60 GF Score
Price A$4.99
GF Value A$6.22
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Vulcan Steel Goodwill?

Vulcan Steel ASX:VSL -0.40% 60 Goodwill is A$0.0 Mil as of Dec. 2025. 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.

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Vulcan Steel's goodwill for the quarter that ended in Dec. 2025 was A$0.0 Mil.


Vulcan Steel  (ASX:VSL) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Vulcan Steel's Goodwill-to-Asset Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Goodwill-to-Asset (A: Jun. 2025 )=Goodwill/Total Assets
=11.068/795.959
=0.01

Vulcan Steel's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

Goodwill-to-Asset (Q: Dec. 2025 )=Goodwill/Total Assets
=0/937.748
=0.00

* 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.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Vulcan Steel Goodwill Related Terms


Vulcan Steel Goodwill Historical Data

* Premium members only.

The historical data trend for Vulcan Steel's Goodwill 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.

Vulcan Steel Goodwill Chart

Vulcan Steel Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Goodwill
10.64 10.96 11.10 11.07

Vulcan Steel Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Goodwill Get a 7-Day Free Trial Premium Member Only 0.00 11.10 0.00 11.07 0.00
ASX:VSL
60GF Score
Vulcan Steel Ltd ASX:VSL
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vulcan Steel Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.

Frequently Asked Questions Learn more about Goodwill →
What does a Goodwill of A$0.0 Mil mean?
Vulcan Steel (ASX:VSL) has a Goodwill of A$0.0 Mil as of Dec. 2025. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Vulcan Steel and its competitors.
Is Vulcan Steel's Goodwill too high?
Vulcan Steel's current Goodwill is A$0.0 Mil. 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 Goodwill compare to NUE and STLD?
Vulcan Steel's Goodwill of A$0.0 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill for a Steel company?
A good Goodwill depends on the Steel industry context. However, Goodwill should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill mean?
A high Goodwill can signal that a stock is expensive relative to its fundamentals. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Vulcan Steel and its competitors. Vulcan Steel's current Goodwill is A$0.0 Mil. 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$4.99 — trading 19.8% below its estimated fair value. The current Goodwill is A$0.0 Mil. 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 Goodwill calculated?
Goodwill is calculated from a company's financial statements. For Vulcan Steel (ASX:VSL), the current Goodwill is A$0.0 Mil 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$4.99 is trading 19.8% below its estimated GF Value™ of A$6.22. GuruFocus considers Vulcan Steel to be Modestly Undervalued.

Key valuation signals for ASX:VSL:

  • Goodwill: A$0.0 Mil
  • GF Value™: A$6.22 vs. price of A$4.99 (19.8% below fair value)
  • GF Score™: 60/100 with 5 warning signs

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 Business Description

Other Exchanges VSL:New Zealand
Address 29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013
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

Goodwill is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$4.99
Price
A$6.22
GF Value