---
title: "Union Steel Holdings Limited (ZB9.SG)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/ZB9.SG.md"
symbol: "ZB9.SG"
name: "Union Steel Holdings Limited"
industry: "Environmental and Facilities Services"
datetime: "2026-05-25T00:03:05.258Z"
locales:
  - [en](https://longbridge.com/en/quote/ZB9.SG.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/ZB9.SG.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/ZB9.SG.md)
---

# Union Steel Holdings Limited (ZB9.SG)

## Company Overview

Union Steel Holdings Limited, an investment holding company, provides metals, scaffolding, and engineering services in Singapore, Indonesia, France, the United States, India, the Middle East, Brazil, Malaysia, the Netherlands, China, and internationally. The company operates through Metals, Scaffolding, Engineering, and Others segments. It engages in the recycling and trading of ferrous and non-ferrous scrap metals; and steel leasing solutions of steel sheet piles, mild plates, test piles, and beams to construction industry. The company also supplies reinforcement steel bars, H-beams, I-beams, pipes, steel plates, and sheet piles, as well as provides steel storage and handling services.

| Item | Detail |
|------|--------|
| Industry | Environmental and Facilities Services |
| Exchange | SG Market |
| Website | [www.unionsteel.com.sg](https://www.unionsteel.com.sg) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: C
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-24T04:30:13.000Z

**Overall: C (0.51)**

**Industry**: Environmental and Facilities Services

| Metric | Value |
|--------|-------|
| Industry Ranking | 4 / 8 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

**Multi Score**: C

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -13.53% |  |
| Net Profit YoY | -31.42% |  |
| P/B Ratio | 0.59 |  |
| Dividend Ratio | 1.70% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 58995137.16 |  |
| Revenue | 103636495.36 |  |

#### Multi Score Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 8.35% | B |
| Profit Margin | 7.78% | B |
| Gross Margin | 23.15% | C |
| Revenue YoY | -13.53% | E |
| Net Profit YoY | -31.42% | D |
| Total Assets YoY | 8.35% | B |
| Net Assets YoY | 7.63% | B |
| Cash Flow Margin | 219.68% | B |
| OCF YoY | -13.53% | E |
| Turnover | 0.55 | C |
| Gearing Ratio | 49.02% | C |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Union Steel Holdings Limited",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-13.53%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "-31.42%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "0.59",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "1.70%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "58995137.16",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "103636495.36",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "8.35%",
          "rating": "B"
        },
        {
          "name": "Profit Margin",
          "value": "7.78%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "23.15%",
          "rating": "C"
        },
        {
          "name": "Revenue YoY",
          "value": "-13.53%",
          "rating": "E"
        },
        {
          "name": "Net Profit YoY",
          "value": "-31.42%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "8.35%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "7.63%",
          "rating": "B"
        },
        {
          "name": "Cash Flow Margin",
          "value": "219.68%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "-13.53%",
          "rating": "E"
        },
        {
          "name": "Turnover",
          "value": "0.55",
          "rating": "C"
        },
        {
          "name": "Gearing Ratio",
          "value": "49.02%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 7.32 | 3/8 | 7.68 | 7.37 | 6.53 |
| PB | 0.59 | 1/8 | 0.77 | 0.73 | 0.63 |
| PS (TTM) | 0.57 | 2/8 | 0.67 | 0.64 | 0.59 |
| Dividend Yield | 1.70% | 2/8 | 2.11% | 1.75% | 1.47% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | Reclaims Global (NEX.SG) | B | B | A | A | C | B |
| 02 | LS 2 (ENV.SG) | B | C | A | B | B | B |
| 03 | 5E Resources (NLC.SG) | A | B | B | A | B | B |
| 04 | UnionSteel (ZB9.SG) | C | D | C | C | C | C |
| 05 | ecoWise Holdings Limited (5CT.SG) | D | D | A | B | B | C |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/ZB9.SG/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/ZB9.SG/norm.md)
- [Related News](https://longbridge.com/en/quote/ZB9.SG/news.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**