As the mother of Iran’s steel industry, Isfahan Steel is the largest producer of long steel in the Middle East and the largest producer of rails in Iran. This company annually supplies about 3 million and 600 thousand tons of steel, various types of construction and industrial steel sections to domestic and international markets and is unique in this field in Iranian industry.
Zobahan has a long history of export success and has been able to export its products to 23 countries over the past twenty years. In this regard, in addition to being a strategic base for the export of steel and industrial products, it has been able to play an important role in the record. Export the country and meet the political and economic challenges of the country. In this article, we try to examine the quarterly performance of Isfahan Steel in the Iran Stock Exchange and to clarify the perspective of this popular symbol to the audience of Artan Press. Please stay with us until the end of the analysis.
*** Check the announcements of the “Melting” symbol during the summer quarter
The products offered in the market by Isfahan Steel are: beams, rebars, coils, rails, commodity ingots, by-products such as corners and ….
Over the past quarter, the company has published a report on its performance and events affecting the stock price trend, some of which have been changing the board of directors and obtaining licenses to purchase raw materials, production and commissioning of new furnaces, and capital increases, each of which These cases alone are part of the essential information and have increased the attractiveness of Zob’s share for shareholders who analyze the market with a technical approach. , Was 772,931 million rials, which has decreased by 40% compared to August of this year. Also, the amount of production of blast furnace molten cast iron during September 1399 is equal to 209053 tons and the amount of production of ready ingots during September 1399 is equal to 200165 tons.
*** Compare the performance of the first six months of the steel year
Comparison of the performance of the first six months of this year also shows that the production of furnace molten cast iron is equal to 1234529 tons and the amount of production of ready ingots during the first six months of 1399 is equal to 1162441 tons. Therefore, it is clear that the performance of Zob Company in August of this year was at its maximum and it is likely that similar to previous years in the second six months of the year the company’s revenue will decrease due to reduced demand for steel products and construction products.
People who plan to buy a stock often set specific time intervals for the various shares in their portfolio. For example, in the hot months of the year, the chances of buying cement and metal shares on the Tehran Stock Exchange peak, and the same is true for steel shares. With the end of the summer season, Zobahan financial statements are expected to be a little attractive for those who study the basic indicators of this share, but as a result, all the factors are a good attraction for those who observe the market with a long-term view. Has a share.
*** Technical analysis of smelting stocks during the summer quarter
At the beginning of the review of the basic indicators of smelting stocks, we evaluate the TTM index of smelting shares. The TTM index is a very acceptable criterion in the fundamental analysis of a stock. According to the logic of this index, a share is worth the investment and investment that in the last report of the company’s profit and loss performance, the company has taken a positive approach for at least the last two months and the monthly profit is at least ten percent higher than the previous month. At first glance, it may have a smaller share of these conditions. But a closer look at steel stocks in quarterly periods shows that most stocks, which are a recurring spectrum of monthly earnings, are good options for entry.
Regarding the share of smelting in the last quarter, according to the published reports of the company’s financial statements, August was at the peak of profitability, but in July and September, the trend of TTL index was downward, so the index is not fundamentally valuable. And this is consistent with the explanations that steel revenues are seasonal. In other words, the profitability trend of Zob Company is a factor that challenges the decisions to enter the shareholding of this share.
*** Review of the consolidation strategy of the smelting share during the summer quarter of ’99
Consil strategy is one of the perfect approaches in deciding to buy or sell a company’s stock based on its fundamental parameters. This approach works very well in inflationary markets and in situations where parallel markets are highly attractive. Based on the consilium strategy, a fundamental shareholder decides to buy the shares of a company that in its reports of the last two years has more than the percentage of definite profitability inflation and the spread of profits among depositors. This symbol of the situation of this index is very favorable and the company has offered nearly 300% of definite profit to its shareholders in the past one year period.
Also, the EPS symbol of the melt symbol on the last trading day of this week is 103, which is a good figure for an account because it is a number that is the net profit per share after tax and the net income of the shareholder from the purchase of the share. Regarding the strategy of the council, it should be noted that it should not be the criterion for decision alone. Last year, due to the high popularity of the stock market and the existence of heavy queues to buy metal and mineral shares, the expectation of double growth in these symbols is not far from expectation.
Therefore, the symbol of melting should be examined in the intervals where the influx of shareholders was not discussed. Assuming these conditions, the smelting company in its 98 year performance has not passed the council strategy and can be a weakness in Fundamental analysis of this share for short-term horizons in the second half of 99.
*** Check the melting symbol power adjustment index in summer
Another powerful tool of fundamental analysis is to examine the company’s sales in the quarter of this year and compare sales in the same period last year. The analysis period of this index is the summer quarter, which has increased by 30% this year compared to the previous year. Therefore, the melting symbol based on the adjustment power filter is in good condition for long-term entry and investment.
*** Examining the strategic commodity approach of the melting symbol
Another channel of fundamental analysis is a contribution to examining the status of the strategic commodity produced by that symbol. As mentioned in the introduction of Zobahan Company, this company is the parent company of Iranian steel production and is undisputedly unrivaled in the production of commodity rails and ingots in Iran. Therefore, examining the sales of these two items of revenue vessels will show this symbol better. Examining the financial statements of the sale of these two items, the status of the melting symbol in the 99-month summer quarter amounted to 211,116,800 million rials, which includes about 54% of the total revenue compared to the total sales of this collection. Therefore, the sales situation of the strategic merger symbol is within a reasonable range and can lead to a buy signal.
*** Technical evaluation of smelting symbol in Tehran Stock Exchange
During the three months leading up to the first week of October, 99 Melting Symbol, like other symbols in its group, experienced significant price fluctuations. The price of each share from the floor of 5110 Rials in the last month reached 11608 on 99 August, 99 Rials, and this was the peak point of the stock price of Zob, and the process of correcting this share began with a relatively steep slope. Currently, on the last trading day of this week, the price per share has reached 5,146 Rials, and some analysts consider this price as the beginning of symbol flooring, which will be examined later.
*** Check the buoyancy of the share
The percentage of floating stock symbol melts is about 26%. This means that 26% of the company’s shares are held by real or legal actors who intend to sell and liquidate their assets and have no decision to share and manage the shares of this group. This shows the liquidity of this symbol. And the percentage of floating steel stocks of this symbol is in the appropriate range. Imagine that the liquidity of a company’s yam is very low or very high. In this case, the risk of entering the shares of this company will be very high.
*** Check the status of group symbols
Examining the symbols of Zobahan Company, it is concluded that there is a positive outlook in the metals category in the medium term. With the total index crossing the 1500 mark and aiming to reach the 1640 index, the sales queue was gathered in the share of smelting and its group symbols, and signals of smart money entering this symbol were observed.
All in all, the evidence in the quarterly performance of Zobahan prepares this company to be as capable as possible in the stock exchange transactions. The acceptable profit of this company in the reports of the first six months of this year and on the other hand the accumulated losses due to the growth of sales and revenue generation, especially in August of this year, obtaining an official license to establish a smelting fund Kurd makes the symbol attractive to analysts. On the other hand, there are rumors about the transfer of this share from the OTC market to the cash exchange, which will be accompanied by positive changes in the pricing mechanisms of this share in the future.
*** Increase in steel capital
On the other hand, the possibility of capital increase by increasing revenue and not just the pricing of existing assets is also good news that the company’s shareholders are waiting for. Zob’s share in the last month’s share has experienced a price correction of about 60%, which is a guarantee for the price increase and stable profitability of this share in the next six months and one year. As soon as the important events in this symbol happen, Artan Press analysis team will provide additional analyzes in this field. However, our recommendation is to examine more steel stocks with stock value factors, and this analysis is only to get to know you, the audience, with the main elements of fundamental and technical analysis, and is not a basis for deciding to buy or sell stocks.
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