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Lysaght Galvaized Steel has been able to maintain its revenue and profits over the past 12 years. While not fantastic considering that global demand is projected to grow at around 4% CAGR, the company is profitable.
The company is also financially ok with about half of its total assets in cash form. There is also currently > 30 % margin of safety from its Asset Value and Earnings Value. It is not in a sunset sector and there is no sign of digital disruption. As such I do not think Lysaght is value trap. https://www.i4value.asia/2024/08/is-lysaght-value-trap.html#more
I have screened for steel companies based on the past 14 years average gross profitability and the 2022 Graham Net Net. This company was one of the 8 that came out of my screen. You should start with this one if you are interested in the steel sector
