Olympic Steel Inc (ZEUS) - Net Assets
Based on the latest financial reports, Olympic Steel Inc (ZEUS) has net assets worth $579.13 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.09 Billion) and total liabilities ($510.93 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Olympic Steel Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $579.13 Million |
| % of Total Assets | 53.13% |
| Annual Growth Rate | 7.41% |
| 5-Year Change | 90.67% |
| 10-Year Change | 125.34% |
| Growth Volatility | 20.53 |
Olympic Steel Inc - Net Assets Trend (1994–2024)
This chart illustrates how Olympic Steel Inc's net assets have evolved over time, based on quarterly financial data. Also explore ZEUS total asset value for the complete picture of this company's asset base.
Annual Net Assets for Olympic Steel Inc (1994–2024)
The table below shows the annual net assets of Olympic Steel Inc from 1994 to 2024. For live valuation and market cap data, see Olympic Steel Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $573.92 Million | +3.32% |
| 2023-12-31 | $555.48 Million | +7.66% |
| 2022-12-31 | $515.97 Million | +21.56% |
| 2021-12-31 | $424.44 Million | +41.00% |
| 2020-12-31 | $301.01 Million | -2.38% |
| 2019-12-31 | $308.35 Million | +0.44% |
| 2018-12-31 | $306.99 Million | +12.62% |
| 2017-12-31 | $272.58 Million | +7.57% |
| 2016-12-31 | $253.39 Million | -0.51% |
| 2015-12-31 | $254.69 Million | -9.29% |
| 2014-12-31 | $280.78 Million | -5.97% |
| 2013-12-31 | $298.62 Million | +3.02% |
| 2012-12-31 | $289.86 Million | +1.14% |
| 2011-12-31 | $286.58 Million | +9.53% |
| 2010-12-31 | $261.64 Million | +0.78% |
| 2009-12-31 | $259.61 Million | -19.61% |
| 2008-12-31 | $322.96 Million | +22.56% |
| 2007-12-31 | $263.52 Million | +12.50% |
| 2006-12-31 | $234.24 Million | +16.93% |
| 2005-12-31 | $200.32 Million | +13.48% |
| 2004-12-31 | $176.53 Million | +57.28% |
| 2003-12-31 | $112.24 Million | -2.82% |
| 2002-12-31 | $115.50 Million | -4.76% |
| 2001-12-31 | $121.27 Million | -2.92% |
| 2000-12-31 | $124.92 Million | -8.68% |
| 1999-12-31 | $136.80 Million | -0.65% |
| 1998-12-31 | $137.70 Million | -5.81% |
| 1997-12-31 | $146.20 Million | +6.48% |
| 1996-12-31 | $137.30 Million | +85.54% |
| 1995-12-31 | $74.00 Million | +10.12% |
| 1994-12-31 | $67.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Olympic Steel Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4208.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $435.20 Million | 75.83% |
| Common Stock | $138.54 Million | 24.14% |
| Other Comprehensive Income | $190.00K | 0.03% |
| Total Equity | $573.92 Million | 100.00% |
Olympic Steel Inc Competitors by Market Cap
The table below lists competitors of Olympic Steel Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aneka Gas Industri Tbk PT
JK:AGII
|
$539.08 Million |
|
Shenzhen Emperor Technology Co Ltd
SHE:300546
|
$539.10 Million |
|
ATCO Ltd.
TO:ACO-Y
|
$539.28 Million |
|
Tibet Tourism Co Ltd
SHG:600749
|
$539.37 Million |
|
NRJ Group
PA:NRG
|
$538.93 Million |
|
Runa Smart Equipment Co. Ltd.
SHE:301129
|
$538.91 Million |
|
Maanshan Iron & Steel Company Limited
F:YM9A
|
$538.91 Million |
|
Hangzhou Juheshun New Material Co Ltd
SHG:605166
|
$538.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Olympic Steel Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 555,478,000 to 573,924,000, a change of 18,446,000 (3.3%).
- Net income of 22,980,000 contributed positively to equity growth.
- Dividend payments of 6,680,000 reduced retained earnings.
- Other comprehensive income increased equity by 149,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $22.98 Million | +4.0% |
| Dividends Paid | $6.68 Million | -1.16% |
| Other Comprehensive Income | $149.00K | +0.03% |
| Other Changes | $2.00 Million | +0.35% |
| Total Change | $- | 3.32% |
Book Value vs Market Value Analysis
This analysis compares Olympic Steel Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.97x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.34x to 0.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $8.96 | $47.86 | x |
| 1995-12-31 | $8.61 | $47.86 | x |
| 1996-12-31 | $14.56 | $47.86 | x |
| 1997-12-31 | $13.67 | $47.86 | x |
| 1998-12-31 | $12.74 | $47.86 | x |
| 1999-12-31 | $13.03 | $47.86 | x |
| 2000-12-31 | $12.91 | $47.86 | x |
| 2001-12-31 | $12.65 | $47.86 | x |
| 2002-12-31 | $11.98 | $47.86 | x |
| 2003-12-31 | $11.64 | $47.86 | x |
| 2004-12-31 | $17.27 | $47.86 | x |
| 2005-12-31 | $19.16 | $47.86 | x |
| 2006-12-31 | $22.03 | $47.86 | x |
| 2007-12-31 | $24.48 | $47.86 | x |
| 2008-12-31 | $29.64 | $47.86 | x |
| 2009-12-31 | $23.85 | $47.86 | x |
| 2010-12-31 | $23.96 | $47.86 | x |
| 2011-12-31 | $26.17 | $47.86 | x |
| 2012-12-31 | $26.36 | $47.86 | x |
| 2013-12-31 | $26.97 | $47.86 | x |
| 2014-12-31 | $25.25 | $47.86 | x |
| 2015-12-31 | $22.76 | $47.86 | x |
| 2016-12-31 | $22.60 | $47.86 | x |
| 2017-12-31 | $23.95 | $47.86 | x |
| 2018-12-31 | $26.83 | $47.86 | x |
| 2019-12-31 | $26.79 | $47.86 | x |
| 2020-12-31 | $26.30 | $47.86 | x |
| 2021-12-31 | $36.90 | $47.86 | x |
| 2022-12-31 | $44.64 | $47.86 | x |
| 2023-12-31 | $47.98 | $47.86 | x |
| 2024-12-31 | $49.15 | $47.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Olympic Steel Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.18%
- • Asset Turnover: 1.86x
- • Equity Multiplier: 1.82x
- Recent ROE (4.00%) is below the historical average (4.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 1.34% | 0.24% | 1.90x | 2.99x | $-5.82 Million |
| 1995 | 9.05% | 1.21% | 2.74x | 2.73x | $-700.00K |
| 1996 | 10.27% | 2.52% | 2.32x | 1.76x | $370.00K |
| 1997 | 6.02% | 1.45% | 2.29x | 1.82x | $-5.82 Million |
| 1998 | -6.10% | -1.46% | 2.25x | 1.86x | $-22.17 Million |
| 1999 | 2.34% | 0.61% | 1.97x | 1.95x | $-10.48 Million |
| 2000 | -6.98% | -1.68% | 2.31x | 1.80x | $-21.21 Million |
| 2001 | -3.01% | -0.88% | 1.77x | 1.94x | $-15.78 Million |
| 2002 | -4.99% | -1.25% | 1.75x | 2.28x | $-17.31 Million |
| 2003 | -2.90% | -0.69% | 1.90x | 2.22x | $-14.48 Million |
| 2004 | 34.03% | 6.72% | 2.39x | 2.12x | $42.43 Million |
| 2005 | 11.03% | 2.35% | 3.07x | 1.53x | $2.06 Million |
| 2006 | 13.25% | 3.16% | 2.42x | 1.73x | $7.62 Million |
| 2007 | 9.59% | 2.46% | 2.67x | 1.47x | $-1.08 Million |
| 2008 | 20.96% | 5.52% | 2.59x | 1.47x | $35.41 Million |
| 2009 | -23.58% | -11.70% | 1.55x | 1.30x | $-87.19 Million |
| 2010 | 0.81% | 0.26% | 1.87x | 1.64x | $-24.03 Million |
| 2011 | 8.71% | 1.98% | 1.78x | 2.47x | $-3.69 Million |
| 2012 | 0.79% | 0.16% | 1.96x | 2.44x | $-26.71 Million |
| 2013 | 2.56% | 0.61% | 1.81x | 2.34x | $-22.21 Million |
| 2014 | -6.79% | -1.33% | 2.05x | 2.50x | $-47.14 Million |
| 2015 | -10.51% | -2.28% | 2.29x | 2.02x | $-52.25 Million |
| 2016 | -0.43% | -0.10% | 1.90x | 2.19x | $-26.42 Million |
| 2017 | 6.96% | 1.43% | 2.20x | 2.22x | $-8.30 Million |
| 2018 | 11.00% | 1.97% | 2.25x | 2.48x | $3.06 Million |
| 2019 | 1.25% | 0.24% | 2.43x | 2.11x | $-26.98 Million |
| 2020 | -1.86% | -0.45% | 1.93x | 2.13x | $-35.70 Million |
| 2021 | 28.52% | 5.24% | 2.26x | 2.41x | $78.61 Million |
| 2022 | 17.62% | 3.55% | 2.87x | 1.73x | $39.33 Million |
| 2023 | 8.02% | 2.06% | 2.19x | 1.77x | $-11.02 Million |
| 2024 | 4.00% | 1.18% | 1.86x | 1.82x | $-34.41 Million |
Industry Comparison
This section compares Olympic Steel Inc's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $422,895,585
- Average return on equity (ROE) among peers: 11.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Olympic Steel Inc (ZEUS) | $579.13 Million | 1.34% | 0.88x | $538.98 Million |
| Cleveland-Cliffs Inc (CLF) | $407.40 Million | 13.48% | 0.70x | $5.92 Billion |
| Commercial Metals Company (CMC) | $1.40 Billion | 3.31% | 1.12x | $7.61 Billion |
| Friedman Industries Inc. Common Stock (FRD) | $63.05 Million | 4.38% | 0.18x | $137.98 Million |
| Friedman Industries Inc. Common Stock (FRD) | $62.96 Million | 9.75% | 0.22x | $138.83 Million |
| Gerdau SA ADR (GGB) | $2.18 Billion | 16.21% | 1.92x | $5.42 Billion |
| Hongli Group Inc. Ordinary Shares (HLP) | $53.49 Million | -3.52% | 0.22x | $61.39 Million |
| Huadi International Group Co Ltd (HUDI) | $12.00 Million | 76.97% | 5.60x | $17.02 Million |
| Inno Holdings Inc. Common Stock (INHD) | $15.17 Million | -46.68% | 0.06x | $9.59 Million |
| FST Corp. Ordinary Shares (KBSX) | $25.03 Million | -0.36% | 0.86x | $51.70 Million |
| Luda Technology Group Limited (LUD) | $13.12 Million | 37.67% | 1.43x | $136.59 Million |
About Olympic Steel Inc
Olympic Steel, Inc. processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets… Read more