Algoma Central Stock Buy Hold or Sell Recommendation
| ALC Stock | CAD 14.71 0.04 0.27% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Algoma Central is 'Strong Sell'. Macroaxis provides Algoma Central buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ALC positions. The advice algorithm takes into account all of Algoma Central's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Algoma Central's buy or sell advice are summarized below:
Real Value 13.2 | Hype Value 14.71 | Market Value 14.71 | Naive Value 14.61 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Algoma Central given historical horizon and risk tolerance towards Algoma Central. When Macroaxis issues a 'buy' or 'sell' recommendation for Algoma Central, the advice is generated through an automated system that utilizes algorithms and statistical models.
Algoma |
Execute Algoma Central Buy or Sell Advice
The Algoma recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Algoma Central. Macroaxis does not own or have any residual interests in Algoma Central or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Algoma Central's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Algoma Central Trading Alerts and Improvement Suggestions
| The company has C$60.66 Million in debt which may indicate that it relies heavily on debt financing | |
| The company has accumulated 60.66 M in total debt with debt to equity ratio (D/E) of 64.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Algoma Central has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Algoma Central until it has trouble settling it off, either with new capital or with free cash flow. So, Algoma Central's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Algoma Central sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Algoma to invest in growth at high rates of return. When we think about Algoma Central's use of debt, we should always consider it together with cash and equity. | |
| About 56.0% of Algoma Central shares are held by company insiders | |
| Latest headline from news.google.com: Algoma Central Sets Date for 2024 Shareholders Meeting - TipRanks.com - TipRanks |
Algoma Central Returns Distribution Density
The distribution of Algoma Central's historical returns is an attempt to chart the uncertainty of Algoma Central's future price movements. The chart of the probability distribution of Algoma Central daily returns describes the distribution of returns around its average expected value. We use Algoma Central price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Algoma Central returns is essential to provide solid investment advice for Algoma Central.
| Mean Return | 0 | Value At Risk | -1.13 | Potential Upside | 1.22 | Standard Deviation | 0.74 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Algoma Central historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Algoma Central Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (2.4M) | 1.4M | (3.5M) | (6.1M) | 3.2M | 3.3M | |
| Change In Cash | (6.7M) | 85.0M | 5.0M | 33.0M | (109.3M) | (103.9M) | |
| Free Cash Flow | (71.4M) | 81.9M | 130.5M | 62.3M | 4.8M | 5.0M | |
| Depreciation | 70.0M | 75.2M | 67.9M | 65.4M | 66.0M | 36.1M | |
| Other Non Cash Items | 28.6M | 12.4M | (12.2M) | (51.2M) | 15.3M | 16.1M | |
| Dividends Paid | 43.4M | 18.4M | 122.7M | 25.1M | 77.1M | 81.0M | |
| Capital Expenditures | 209.1M | 75.2M | 31.9M | 70.9M | 119.4M | 84.9M | |
| Net Income | 24.2M | 45.9M | 82.2M | 120.0M | 82.9M | 43.8M | |
| End Period Cash Flow | 18.9M | 103.9M | 108.9M | 142.0M | 32.8M | 31.2M | |
| Investments | (153.4M) | (87.2M) | 8.5M | (65.9M) | (127.8M) | (134.2M) | |
| Net Borrowings | 81.7M | 65.2M | (143K) | (150K) | (172.5K) | (163.9K) | |
| Change To Netincome | 32.6M | 20.5M | (351K) | (34.3M) | (30.9M) | (29.3M) |
Algoma Central Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Algoma Central or Marine Transportation sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Algoma Central's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Algoma stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.0027 | |
β | Beta against NYSE Composite | -0.07 | |
σ | Overall volatility | 0.74 | |
Ir | Information ratio | -0.13 |
Algoma Central Volatility Alert
Algoma Central exhibits relatively low volatility with skewness of 0.06 and kurtosis of -0.16. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Algoma Central's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Algoma Central's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Algoma Central Fundamentals Vs Peers
Comparing Algoma Central's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Algoma Central's direct or indirect competition across all of the common fundamentals between Algoma Central and the related equities. This way, we can detect undervalued stocks with similar characteristics as Algoma Central or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Algoma Central's fundamental indicators could also be used in its relative valuation, which is a method of valuing Algoma Central by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Algoma Central to competition |
| Fundamentals | Algoma Central | Peer Average |
| Return On Equity | 0.11 | -0.31 |
| Return On Asset | 0.0343 | -0.14 |
| Profit Margin | 0.11 % | (1.27) % |
| Operating Margin | 0.16 % | (5.51) % |
| Current Valuation | 913.08 M | 16.62 B |
| Shares Outstanding | 39.52 M | 571.82 M |
| Shares Owned By Insiders | 56.05 % | 10.09 % |
| Shares Owned By Institutions | 16.96 % | 39.21 % |
| Number Of Shares Shorted | 374.4 K | 4.71 M |
| Price To Earning | 11.51 X | 28.72 X |
| Price To Book | 0.74 X | 9.51 X |
| Price To Sales | 0.80 X | 11.42 X |
| Revenue | 721.22 M | 9.43 B |
| Gross Profit | 187.9 M | 27.38 B |
| EBITDA | 140.15 M | 3.9 B |
| Net Income | 82.87 M | 570.98 M |
| Cash And Equivalents | 26.67 M | 2.7 B |
| Cash Per Share | 0.70 X | 5.01 X |
| Total Debt | 60.66 M | 5.32 B |
| Debt To Equity | 64.20 % | 48.70 % |
| Current Ratio | 0.61 X | 2.16 X |
| Book Value Per Share | 20.14 X | 1.93 K |
| Cash Flow From Operations | 124.21 M | 971.22 M |
| Short Ratio | 26.53 X | 4.00 X |
| Earnings Per Share | 2.00 X | 3.12 X |
| Target Price | 21.75 | |
| Number Of Employees | 1.6 K | 18.84 K |
| Beta | 0.72 | -0.15 |
| Market Capitalization | 581.38 M | 19.03 B |
| Total Asset | 1.34 B | 29.47 B |
| Retained Earnings | 769.38 M | 9.33 B |
| Working Capital | 14.2 M | 1.48 B |
| Annual Yield | 0.05 % |
Algoma Central Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Algoma . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Algoma Central Buy or Sell Advice
When is the right time to buy or sell Algoma Central? Buying financial instruments such as Algoma Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 5.9M | 60.4M | 69.4M | 72.9M | Total Assets | 1.2B | 1.4B | 1.3B | 829.0M |
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Check out Algoma Central Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Algoma Central information on this page should be used as a complementary analysis to other Algoma Central's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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When running Algoma Central's price analysis, check to measure Algoma Central's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Algoma Central is operating at the current time. Most of Algoma Central's value examination focuses on studying past and present price action to predict the probability of Algoma Central's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algoma Central's price. Additionally, you may evaluate how the addition of Algoma Central to your portfolios can decrease your overall portfolio volatility.
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