Vulcan SteelASX:VSL -0.40%60 Dividend Payout Ratio is 0.61 as of Dec. 2025, which is 38% below its 10-year median of 0.99. 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 271 Steel companies, Vulcan Steel ranks worse than 64.58% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Vulcan Steel's Dividend Payout Ratio for the
months ended in Dec. 2025 was 0.61.
The historical rank and industry rank for Vulcan Steel's Dividend Payout Ratio or its related term are showing as below:
ASX:VSL'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.35 Med: 0.99 Max: 1.33
Current: 0.53
During the past 4 years, the highest Dividend Payout Ratio of Vulcan Steel was 1.33. The lowest was 0.35. And the median was 0.99.
ASX:VSL's Dividend Payout Ratio is ranked worse than 64.58% of 271
companies
in the Steel industry
Industry Median: 0.39
vs ASX:VSL: 0.53
During the past 12 months, Vulcan Steel's average Dividends Per Share Growth Rate was -75.20% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -25.80% per year.
During the past 4 years, the highest 3-Year average Dividends Per Share Growth Rate of Vulcan Steel was -25.80% per year. The lowest was -25.80% per year. And the median was -25.80% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Vulcan Steel (ASX:VSL) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Vulcan Steel Dividend Payout Ratio Related Terms
Vulcan Steel Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Vulcan Steel's Dividend Payout Ratio 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.
ASX:VSL vs NUE, STLD, RS: Dividend Payout Ratio Comparison
For the Steel subindustry, Vulcan Steel's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Vulcan Steel's Dividend Payout Ratio falls into.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Vulcan Steel's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as
* 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 Dividend Payout Ratio of 0.61 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Vulcan Steel and its competitors. This is 38% below median its historical median of 0.99. Over the past decade, Vulcan Steel's Dividend Payout Ratio has ranged from 0.35 to 1.33. According to the industry distribution chart, Vulcan Steel ranks #175 out of 271 companies in the Steel industry, placing it in the top 64.6%.
Is Vulcan Steel's Dividend Payout Ratio too high?
Vulcan Steel's current Dividend Payout Ratio of 0.61 is 38% below median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.33. The Steel industry median Dividend Payout Ratio is 0.39. Vulcan Steel's value of 0.61 is 56.4% above this industry median. Based on the distribution chart, Vulcan Steel ranks #175 out of 271 companies in the Steel industry, which is below 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 Dividend Payout Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #175 out of 271 companies for Dividend Payout Ratio. This places Vulcan Steel in the lower half of its industry. The industry median Dividend Payout Ratio is 0.39. Vulcan Steel's value of 0.61 is 56.4% above this benchmark. Historically, Vulcan Steel's own Dividend Payout Ratio has ranged from 0.35 to 1.33 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.39, 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 Dividend Payout Ratio for a Steel company?
The median Dividend Payout Ratio among Steel companies is 0.39, based on 271 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vulcan Steel's current Dividend Payout Ratio of 0.61 is 56.4% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Vulcan Steel and its competitors. For the Steel industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current Dividend Payout Ratio is 0.61, which is 38% below median its own 10-year median of 0.99. 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 Dividend Payout Ratio is 0.61, which is 38% below median its 10-year median of 0.99 and 56.4% above the Steel industry median of 0.39. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Vulcan Steel (ASX:VSL), the current Dividend Payout Ratio is 0.61 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:
Dividend Payout Ratio: 0.61 (38% below median its 10-year median of 0.99)
GF Value™: A$6.22 vs. price of A$4.99 (19.8% below fair value)
Industry Position: 56.4% above the Steel median (#175 of 271)
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
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