Algoma Steel Group Stock Buy Hold or Sell Recommendation
| ASTL Stock | USD 7.71 0.17 2.16% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Algoma Steel Group is 'Hold'. Macroaxis provides Algoma Steel buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ASTL positions. The advice algorithm takes into account all of Algoma Steel's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Algoma Steel's buy or sell advice are summarized below:
Real Value 9.06 | Target Price 12.88 | Hype Value 7.71 | Market Value 7.71 | Naive Value 7.38 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Algoma Steel Group given historical horizon and risk tolerance towards Algoma Steel. When Macroaxis issues a 'buy' or 'sell' recommendation for Algoma Steel Group, the advice is generated through an automated system that utilizes algorithms and statistical models.
Algoma |
Execute Algoma Steel 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 Steel Group. Macroaxis does not own or have any residual interests in Algoma Steel Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Algoma Steel's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Algoma Steel Trading Alerts and Improvement Suggestions
| Algoma Steel Group generated a negative expected return over the last 90 days | |
| Algoma Steel Group has a frail financial position based on the latest SEC disclosures | |
| About 70.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Closing Bell Algoma Steel Group Inc down on Thursday - The Globe and Mail |
Algoma Steel Returns Distribution Density
The distribution of Algoma Steel's historical returns is an attempt to chart the uncertainty of Algoma Steel's future price movements. The chart of the probability distribution of Algoma Steel daily returns describes the distribution of returns around its average expected value. We use Algoma Steel Group price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Algoma Steel returns is essential to provide solid investment advice for Algoma Steel.
| Mean Return | -0.18 | Value At Risk | -4.21 | Potential Upside | 3.49 | Standard Deviation | 2.34 |
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 Steel 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 Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Algoma Steel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Algoma Steel Group backward and forwards among themselves. Algoma Steel's institutional investor refers to the entity that pools money to purchase Algoma Steel's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Towle & Co | 2023-12-31 | 2.1 M | Sumitomo Mitsui Ds Asset Management Company, Limited | 2023-12-31 | 1.9 M | Gendell Jeffrey L | 2023-12-31 | 1.8 M | Aegis Financial Corporation | 2023-12-31 | 1.6 M | Blackrock Inc | 2023-12-31 | 1.6 M | Scheer, Rowlett & Assoc Invest Mgmt Ltd. | 2023-12-31 | 1.5 M | Littlejohn & Co Llc | 2023-12-31 | 1.2 M | Solas Capital Management Llc | 2023-12-31 | 1.2 M | Fmr Inc | 2023-12-31 | 1.2 M | Donald Smith & Co Inc | 2023-12-31 | 9.6 M | Maple Rock Capital Partners, Inc. | 2023-12-31 | 6.1 M |
Algoma Steel Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 129.5M | (243.8M) | 894.1M | (667.9M) | (601.1M) | (571.1M) | |
| Net Borrowings | 281.8M | (151.8M) | (544.3M) | 17.5M | 15.8M | 15.0M | |
| Free Cash Flow | (118.6M) | (63.7M) | 1.1B | (156.2M) | (179.6M) | (170.6M) | |
| Depreciation | 128.1M | 87.2M | 87M | 95.3M | 85.8M | 82.0M | |
| Other Non Cash Items | 83M | 120.5M | 238.1M | (21.2M) | (24.4M) | (23.2M) | |
| Capital Expenditures | 113.9M | 71.8M | 167.9M | 333.5M | 383.5M | 402.7M | |
| Net Income | (175.9M) | (76.1M) | 857.7M | 298.5M | 343.3M | 360.4M | |
| End Period Cash Flow | 265M | 21.2M | 915.3M | 247.4M | 284.5M | 259.9M | |
| Change To Netincome | (1.5M) | 120.9M | 85.4M | (37.8M) | (34.0M) | (32.3M) |
Algoma Steel 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 Steel or Metals & Mining 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 Steel'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 | -0.33 | |
β | Beta against NYSE Composite | 1.69 | |
σ | Overall volatility | 2.31 | |
Ir | Information ratio | -0.12 |
Algoma Steel Volatility Alert
Algoma Steel Group exhibits very low volatility with skewness of 0.01 and kurtosis of -0.37. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Algoma Steel'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 Steel'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 Steel Fundamentals Vs Peers
Comparing Algoma Steel'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 Steel's direct or indirect competition across all of the common fundamentals between Algoma Steel and the related equities. This way, we can detect undervalued stocks with similar characteristics as Algoma Steel or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Algoma Steel's fundamental indicators could also be used in its relative valuation, which is a method of valuing Algoma Steel by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Algoma Steel to competition |
| Fundamentals | Algoma Steel | Peer Average |
| Return On Equity | 0.039 | -0.31 |
| Return On Asset | 0.037 | -0.14 |
| Profit Margin | 0.02 % | (1.27) % |
| Operating Margin | (0.09) % | (5.51) % |
| Current Valuation | 874.88 M | 16.62 B |
| Shares Outstanding | 104.04 M | 571.82 M |
| Shares Owned By Insiders | 4.85 % | 10.09 % |
| Shares Owned By Institutions | 70.01 % | 39.21 % |
| Number Of Shares Shorted | 3.72 M | 4.71 M |
| Price To Earning | 1.15 X | 28.72 X |
| Price To Book | 0.77 X | 9.51 X |
| Price To Sales | 0.28 X | 11.42 X |
| Revenue | 2.78 B | 9.43 B |
| Gross Profit | 389.8 M | 27.38 B |
| EBITDA | 393.9 M | 3.9 B |
| Net Income | 298.5 M | 570.98 M |
| Cash And Equivalents | 1.14 B | 2.7 B |
| Cash Per Share | 10.79 X | 5.01 X |
| Total Debt | 122.3 M | 5.32 B |
| Debt To Equity | 0.07 % | 48.70 % |
| Current Ratio | 2.09 X | 2.16 X |
| Book Value Per Share | 13.85 X | 1.93 K |
| Cash Flow From Operations | 177.3 M | 971.22 M |
| Short Ratio | 5.84 X | 4.00 X |
| Earnings Per Share | 0.47 X | 3.12 X |
| Target Price | 14.5 | |
| Number Of Employees | 2.85 K | 18.84 K |
| Beta | 1.52 | -0.15 |
| Market Capitalization | 821.08 M | 19.03 B |
| Total Asset | 2.46 B | 29.47 B |
| Retained Earnings | 211.6 M | 9.33 B |
| Working Capital | 1.02 B | 1.48 B |
| Annual Yield | 0.03 % |
Algoma Steel 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 Steel Buy or Sell Advice
When is the right time to buy or sell Algoma Steel Group? 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 | 151.3M | 74.5M | 67.1M | 63.7M | Total Assets | 2.7B | 2.5B | 2.8B | 2.2B |
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In addition to having Algoma Steel in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Algoma Steel 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. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Algoma Stock analysis
When running Algoma Steel's price analysis, check to measure Algoma Steel'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 Steel is operating at the current time. Most of Algoma Steel's value examination focuses on studying past and present price action to predict the probability of Algoma Steel'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 Steel's price. Additionally, you may evaluate how the addition of Algoma Steel to your portfolios can decrease your overall portfolio volatility.
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Is Algoma Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algoma Steel. If investors know Algoma will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algoma Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.34) | Dividend Share 0.266 | Earnings Share 0.47 | Revenue Per Share 26.303 | Quarterly Revenue Growth 0.084 |
The market value of Algoma Steel Group is measured differently than its book value, which is the value of Algoma that is recorded on the company's balance sheet. Investors also form their own opinion of Algoma Steel's value that differs from its market value or its book value, called intrinsic value, which is Algoma Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algoma Steel's market value can be influenced by many factors that don't directly affect Algoma Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Algoma Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algoma Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algoma Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.