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Steel Valuation Multiples

Steel is valued at $28M as of October 2026, a 0.2x revenue multiple. In the last fiscal year, Steel revenue was $195M and Steel EBITDA was $2M.

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Steel Overview

About Steel

The Steel PCL supplies steel products and raw materials. Its products include hot-rolled coil, transformed steel such as coil slitting, steel sheets, hot-formed, cold-formed, steel rods, steel pipes, and other steel products. In addition, it is also involved in providing logistic services. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.

Founded

1991

HQ

Thailand

Employees

443

Financials (Last FY)

Revenue: $195M
EBITDA: $2M

EV

$47M

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Steel Financials

Steel reported last fiscal year revenue of $195M and EBITDA of $2M.

In the same fiscal year, Steel generated $4M in gross profit, $2M in EBITDA, and had net loss of ($2M).

Steel P&L

In the most recent fiscal year, Steel reported revenue of $195M and EBITDA of $2M.

Steel is unprofitable as of last fiscal year, with gross margin of 2%, EBITDA margin of 1%, and net margin of (1%).

See analyst estimates for Steel
Last FY2025202620272028
Revenue$195M$195M
Gross Profit$4M$4M
Gross Margin2%2%
EBITDA$2M$2M
EBITDA Margin1%1%
EBIT Margin(0%)(0%)
Net Profit($2M)($2M)
Net Margin(1%)(1%)
Net Debt$35M-

Financial data powered by Morningstar, Inc.

Steel Stock Performance

Steel has current market cap of $28M, and enterprise value of $47M.

Market Cap Evolution

Steel's stock price is $0.03.

See more trading valuation data for Steel
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$47M$28M-3.5%---$-0.00

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Steel Valuation Multiples

Steel trades at 0.2x EV/Revenue multiple, and 26.5x EV/EBITDA.

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Steel Financial Valuation Multiples

As of October 23, 2026, Steel has market cap of $28M and EV of $47M.

Steel has a P/E ratio of (13.8x).

Last FY2025202620272028
EV/Revenue0.2x0.2x
EV/EBITDA26.5x26.5x
EV/EBIT(104.2x)(104.2x)
EV/Gross Profit11.3x11.3x
P/E(13.8x)(13.8x)
EV/FCF4.0x4.0x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Steel Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Steel Margins & Growth Rates

In the most recent fiscal year, Steel reported gross margin of 2%, EBITDA margin of 1%, and net margin of (1%).

See estimated margins and future growth rates for Steel

Steel Margins

Last FY2025202720282029
Gross Margin2%2%
EBITDA Margin1%1%
EBIT Margin(0%)(0%)
Net Margin(1%)(1%)
FCF Margin6%6%

Data powered by FactSet, Inc. and Morningstar, Inc.

Steel Operational KPIs

Steel's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.0M for the same period.

Access forward-looking KPIs for Steel
Last FY2025202620272028
Revenue per Employee$0.4M-
Opex per Employee$0.0M-
S&M Expenses to Revenue1%1%
G&A Expenses to Revenue1%1%
Opex to Revenue2%2%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Steel Competitors

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E

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Steel VC Funding History

Before going public, Steel raised $3M in total equity funding, across 1 round.

Last private valuation of Steel was $10M, after raising $3M in November 2025 from Elica.

Steel Funding Rounds

DateStageInvestorsRaisedValuationRev. MultipleDeal Summary
Nov-25Strategic investmentElica$3M$10MElica completed the purchase of 28 percent of the capital of Steel, an Italian range cooker maker, on 6 November 2025, after signing a preliminary agreement on 30 July 2025. The consideration for the stake was EUR 2.5 million, half paid at signing as a deposit and half at closing. The rest of the capital stays with members of the Po family. The agreement lets Elica raise its holding to the majority level of 85 percent by October 2028, through reciprocal options on a 57 percent stake, and then buy the remaining 15 percent by the fifth year, with the historic shareholders able to stay on for up to 10 percent. The value of later steps depends on the business plan, with a floor of EUR 8.5 million and a cap of EUR 10.5 million. Elica framed the investment as part of its repositioning in cooking and as a way to strengthen its product range and reach North America.

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About Steel

When was Steel founded?Steel was founded in 1991.
Where is Steel headquartered?Steel is headquartered in Thailand.
How many employees does Steel have?As of today, Steel has over 443 employees.
Is Steel publicly listed?Yes, Steel is a public company listed on Stock Exchange of Thailand.
What is the stock symbol of Steel?Steel trades under THE ticker.
When did Steel go public?Steel went public in 2007.
Who are competitors of Steel?Steel main competitors include
What is the current market cap of Steel?Steel's current market cap is $28M.
What is the current revenue of Steel?Steel's last fiscal year revenue is $195M.
What is the current EV/Revenue multiple of Steel?Current revenue multiple of Steel is 0.2x.
Is Steel profitable?No, Steel is not profitable.
How many companies Steel has acquired to date?Steel hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Steel has invested to date?Steel hasn't invested in any companies yet (or none have been disclosed publicly).

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