Algoma Steel Group Stock Fundamentals
ASTL Stock | 10.64 0.10 0.95% |
Algoma Steel Group fundamentals help investors to digest information that contributes to Algoma Steel's financial success or failures. It also enables traders to predict the movement of Algoma Stock. The fundamental analysis module provides a way to measure Algoma Steel's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Algoma Steel stock.
At this time, Algoma Steel's EBITDA is very stable compared to the past year. As of the 15th of May 2024, Total Operating Expenses is likely to grow to about 3 B, while EBIT is likely to drop about 241.6 M. Algoma | Select Account or Indicator |
Algoma Steel Group Company Current Valuation Analysis
Algoma Steel's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Algoma Steel Current Valuation | 1.18 B |
Most of Algoma Steel's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Algoma Steel Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Algoma Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Algoma Steel is extremely important. It helps to project a fair market value of Algoma Stock properly, considering its historical fundamentals such as Current Valuation. Since Algoma Steel's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Algoma Steel's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Algoma Steel's interrelated accounts and indicators.
Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Competition |
In accordance with the recently published financial statements, Algoma Steel Group has a Current Valuation of 1.18 B. This is 89.61% lower than that of the Metals & Mining sector and 82.35% lower than that of the Materials industry. The current valuation for all Canada stocks is 92.87% higher than that of the company.
Algoma Steel Group Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Algoma Steel's current stock value. Our valuation model uses many indicators to compare Algoma Steel value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Algoma Steel competition to find correlations between indicators driving Algoma Steel's intrinsic value. More Info.Algoma Steel Group is number one stock in return on equity category among related companies. It is number one stock in return on asset category among related companies reporting about 0.95 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Algoma Steel Group is roughly 1.05 . At this time, Algoma Steel's Return On Equity is very stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Algoma Steel by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Algoma Steel's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Algoma Steel's earnings, one of the primary drivers of an investment's value.Algoma Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Algoma Steel's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Algoma Steel could also be used in its relative valuation, which is a method of valuing Algoma Steel by comparing valuation metrics of similar companies.Algoma Steel is currently under evaluation in current valuation category among related companies.
Algoma Fundamentals
Return On Equity | 0.039 | ||||
Return On Asset | 0.037 | ||||
Profit Margin | 0.02 % | ||||
Operating Margin | (0.09) % | ||||
Current Valuation | 1.18 B | ||||
Shares Outstanding | 104.04 M | ||||
Shares Owned By Insiders | 4.85 % | ||||
Shares Owned By Institutions | 72.14 % | ||||
Number Of Shares Shorted | 599.75 K | ||||
Price To Book | 0.77 X | ||||
Price To Sales | 0.39 X | ||||
Revenue | 2.78 B | ||||
Gross Profit | 389.8 M | ||||
EBITDA | 488.6 M | ||||
Net Income | 298.5 M | ||||
Total Debt | 11.9 M | ||||
Book Value Per Share | 13.85 X | ||||
Cash Flow From Operations | 177.3 M | ||||
Short Ratio | 18.58 X | ||||
Earnings Per Share | 0.64 X | ||||
Number Of Employees | 2.85 K | ||||
Beta | 1.54 | ||||
Market Capitalization | 1.12 B | ||||
Total Asset | 2.46 B | ||||
Retained Earnings | 211.6 M | ||||
Working Capital | 1.02 B | ||||
Annual Yield | 0.03 % | ||||
Net Asset | 2.46 B | ||||
Last Dividend Paid | 0.27 |
About Algoma Steel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Algoma Steel Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Algoma Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Algoma Steel Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Last Reported | Projected for Next Year | ||
Current Deferred Revenue | 128 M | 113.8 M | |
Total Revenue | 3.2 B | 2.9 B | |
Cost Of Revenue | 2.7 B | 2.4 B | |
Stock Based Compensation To Revenue | 0 | 0 | |
Sales General And Administrative To Revenue | 0.03 | 0.03 | |
Research And Ddevelopement To Revenue | 0.00 | 0.00 | |
Capex To Revenue | (0.14) | (0.13) | |
Revenue Per Share | 20.38 | 21.40 | |
Ebit Per Revenue | 0.09 | 0.1 |
Pair Trading with Algoma Steel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algoma Steel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algoma Steel will appreciate offsetting losses from the drop in the long position's value.Moving together with Algoma Stock
0.62 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to Algoma Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algoma Steel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algoma Steel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algoma Steel Group to buy it.
The correlation of Algoma Steel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algoma Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algoma Steel Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Algoma Steel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Steel Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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.
Stocks Directory Find actively traded stocks across global markets | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |