Algoma Free Cash Flow Yield vs Invested Capital Analysis

ALC Stock

CAD 14.14 0.03 0.21%

Algoma Central financial indicator trend analysis is way more than just evaluating Algoma Central prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algoma Central is a good investment. Please check the relationship between Algoma Central Free Cash Flow Yield and its Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Central. 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.

Free Cash Flow Yield vs Invested Capital

Free Cash Flow Yield vs Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Central Free Cash Flow Yield account and Invested Capital. At this time, the significance of the direction appears to have weak relationship.

The correlation between Algoma Central's Free Cash Flow Yield and Invested Capital is 0.36. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Algoma Central, assuming nothing else is changed. The correlation between historical values of Algoma Central's Free Cash Flow Yield and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Algoma Central are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Free Cash Flow Yield i.e., Algoma Central's Free Cash Flow Yield and Invested Capital go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Algoma Central. There are two different methods for calculating Algoma Central invested capital: operating approach and financing approach. Understanding Algoma Central invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Most indicators from Algoma Central's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algoma Central current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Central. 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.

At this time, Algoma Central's Discontinued Operations is very stable compared to the past year. As of the 5th of June 2024, Enterprise Value Over EBITDA is likely to grow to 6.87, while Selling General Administrative is likely to drop about 26.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	531.0M	612.5M	655.2M	687.9M
Total Revenue	598.9M	677.9M	721.2M	499.6M

Gross Profit Total Revenue

Algoma Central fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Common Stock Total Equity	Common Stock	Short Term Debt	Current Deferred Revenue
Total Assets		0.33	0.69	0.94	0.95	0.59	0.96	0.79	0.13	0.95	0.1	0.25	0.27	0.22	0.92	0.62	0.08	-0.84	0.93	0.64	0.28	0.74	-0.13	0.43	0.03	-0.89
Other Current Liab	0.33		0.73	0.14	0.4	0.58	0.18	0.26	-0.27	0.42	-0.47	-0.07	-0.31	-0.1	0.35	0.18	0.03	-0.16	0.49	0.53	-0.24	0.62	-0.51	0.47	-0.09	-0.24
Total Current Liabilities	0.69	0.73		0.51	0.82	0.76	0.57	0.62	-0.31	0.81	-0.3	-0.19	-0.05	-0.06	0.63	0.43	-0.21	-0.44	0.8	0.59	-0.29	0.71	-0.52	0.43	-0.07	-0.5
Total Stockholder Equity	0.94	0.14	0.51		0.85	0.47	0.99	0.64	0.17	0.86	0.18	0.3	0.34	0.29	0.77	0.52	0.19	-0.85	0.75	0.55	0.37	0.63	0.08	0.4	0.16	-0.91
Property Plant And Equipment Net	0.95	0.4	0.82	0.85		0.76	0.89	0.81	-0.14	0.99	-0.13	-0.02	0.23	0.1	0.88	0.58	-0.09	-0.74	0.93	0.7	-0.02	0.78	-0.32	0.4	-0.03	-0.79
Net Debt	0.59	0.58	0.76	0.47	0.76		0.54	0.61	-0.63	0.76	-0.6	-0.44	0.14	0.0	0.54	0.4	-0.23	-0.44	0.65	0.85	-0.45	0.87	-0.57	0.43	-0.31	-0.43
Retained Earnings	0.96	0.18	0.57	0.99	0.89	0.54		0.67	0.11	0.9	0.14	0.24	0.34	0.28	0.8	0.52	0.14	-0.85	0.8	0.58	0.3	0.66	0.0	0.38	0.13	-0.91
Accounts Payable	0.79	0.26	0.62	0.64	0.81	0.61	0.67		0.04	0.78	-0.11	0.12	0.31	0.09	0.85	0.74	-0.29	-0.68	0.85	0.7	0.11	0.72	-0.24	0.38	-0.15	-0.61
Cash	0.13	-0.27	-0.31	0.17	-0.14	-0.63	0.11	0.04		-0.16	0.82	0.89	-0.03	0.44	0.2	0.11	0.35	-0.31	0.06	-0.28	0.9	-0.2	0.57	-0.18	0.34	-0.31
Non Current Assets Total	0.95	0.42	0.81	0.86	0.99	0.76	0.9	0.78	-0.16		-0.15	-0.02	0.21	0.05	0.87	0.59	-0.08	-0.7	0.92	0.71	-0.04	0.78	-0.36	0.47	-0.06	-0.78
Non Currrent Assets Other	0.1	-0.47	-0.3	0.18	-0.13	-0.6	0.14	-0.11	0.82	-0.15		0.61	0.27	0.49	0.11	-0.06	0.29	-0.32	-0.01	-0.49	0.79	-0.34	0.64	-0.41	0.17	-0.28
Cash And Short Term Investments	0.25	-0.07	-0.19	0.3	-0.02	-0.44	0.24	0.12	0.89	-0.02	0.61		-0.16	0.25	0.27	0.28	0.38	-0.39	0.16	-0.02	0.86	0.05	0.49	0.19	0.28	-0.39
Net Receivables	0.27	-0.31	-0.05	0.34	0.23	0.14	0.34	0.31	-0.03	0.21	0.27	-0.16		0.34	0.22	0.06	-0.18	-0.46	0.16	-0.03	0.23	0.05	0.38	-0.26	-0.16	-0.31
Common Stock Shares Outstanding	0.22	-0.1	-0.06	0.29	0.1	0.0	0.28	0.09	0.44	0.05	0.49	0.25	0.34		0.17	-0.02	0.26	-0.57	0.12	0.12	0.56	0.21	0.47	-0.41	0.24	-0.51
Non Current Liabilities Total	0.92	0.35	0.63	0.77	0.88	0.54	0.8	0.85	0.2	0.87	0.11	0.27	0.22	0.17		0.67	0.02	-0.75	0.97	0.61	0.28	0.7	-0.24	0.35	-0.13	-0.77
Inventory	0.62	0.18	0.43	0.52	0.58	0.4	0.52	0.74	0.11	0.59	-0.06	0.28	0.06	-0.02	0.67		-0.07	-0.49	0.65	0.64	0.18	0.57	-0.19	0.69	-0.19	-0.34
Other Current Assets	0.08	0.03	-0.21	0.19	-0.09	-0.23	0.14	-0.29	0.35	-0.08	0.29	0.38	-0.18	0.26	0.02	-0.07		-0.17	-0.05	-0.1	0.53	-0.06	0.39	0.06	0.2	-0.16
Other Stockholder Equity	-0.84	-0.16	-0.44	-0.85	-0.74	-0.44	-0.85	-0.68	-0.31	-0.7	-0.32	-0.39	-0.46	-0.57	-0.75	-0.49	-0.17		-0.72	-0.53	-0.54	-0.69	-0.28	-0.15	-0.1	0.91
Total Liab	0.93	0.49	0.8	0.75	0.93	0.65	0.8	0.85	0.06	0.92	-0.01	0.16	0.16	0.12	0.97	0.65	-0.05	-0.72		0.66	0.14	0.76	-0.34	0.4	-0.13	-0.75
Property Plant And Equipment Gross	0.64	0.53	0.59	0.55	0.7	0.85	0.58	0.7	-0.28	0.71	-0.49	-0.02	-0.03	0.12	0.61	0.64	-0.1	-0.53	0.66		-0.14	0.94	-0.46	0.64	-0.22	-0.52
Total Current Assets	0.28	-0.24	-0.29	0.37	-0.02	-0.45	0.3	0.11	0.9	-0.04	0.79	0.86	0.23	0.56	0.28	0.18	0.53	-0.54	0.14	-0.14		-0.03	0.71	-0.09	0.27	-0.47
Short Long Term Debt Total	0.74	0.62	0.71	0.63	0.78	0.87	0.66	0.72	-0.2	0.78	-0.34	0.05	0.05	0.21	0.7	0.57	-0.06	-0.69	0.76	0.94	-0.03		-0.37	0.54	-0.2	-0.67
Common Stock Total Equity	-0.13	-0.51	-0.52	0.08	-0.32	-0.57	0.0	-0.24	0.57	-0.36	0.64	0.49	0.38	0.47	-0.24	-0.19	0.39	-0.28	-0.34	-0.46	0.71	-0.37		-0.36	0.35	-0.12
Common Stock	0.43	0.47	0.43	0.4	0.4	0.43	0.38	0.38	-0.18	0.47	-0.41	0.19	-0.26	-0.41	0.35	0.69	0.06	-0.15	0.4	0.64	-0.09	0.54	-0.36		-0.19	-0.15
Short Term Debt	0.03	-0.09	-0.07	0.16	-0.03	-0.31	0.13	-0.15	0.34	-0.06	0.17	0.28	-0.16	0.24	-0.13	-0.19	0.2	-0.1	-0.13	-0.22	0.27	-0.2	0.35	-0.19		-0.19
Current Deferred Revenue	-0.89	-0.24	-0.5	-0.91	-0.79	-0.43	-0.91	-0.61	-0.31	-0.78	-0.28	-0.39	-0.31	-0.51	-0.77	-0.34	-0.16	0.91	-0.75	-0.52	-0.47	-0.67	-0.12	-0.15	-0.19

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Algoma Central Account Relationship Matchups

Algoma Central fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	1.2B	1.2B	1.4B	1.3B	829.0M
Other Current Liab	28.6M	107.2M	5.9M	60.4M	69.4M	72.9M
Total Current Liabilities	156.8M	179.3M	84.5M	150.8M	147.2M	103.8M
Total Stockholder Equity	660.4M	560.6M	640.3M	726.0M	778.3M	484.0M
Property Plant And Equipment Net	840.0M	841.9M	819.6M	859.9M	891.7M	560.2M
Net Debt	316.4M	287.2M	283.3M	260.8M	344.2M	361.4M
Retained Earnings	674.8M	582.0M	660.2M	719.5M	769.4M	469.1M
Accounts Payable	60.7M	70.9M	77.2M	83.5M	70.3M	58.4M
Cash	18.9M	103.9M	108.9M	142.0M	32.8M	31.2M
Non Current Assets Total	1.0B	1.0B	1.0B	1.1B	1.2B	650.0M
Non Currrent Assets Other	38.9M	38.7M	26.9M	38.6M	91K	86.5K
Cash And Short Term Investments	18.9M	103.9M	108.9M	142.0M	163.3M	82.3M
Net Receivables	75.6M	69.7M	60.6M	69.1M	44.0M	72.1M
Common Stock Shares Outstanding	42.2M	42.0M	42.9M	42.9M	38.6M	44.6M
Liabilities And Stockholders Equity	1.1B	1.2B	1.2B	1.4B	1.6B	803.3M
Non Current Liabilities Total	330.1M	483.2M	475.3M	488.8M	418.7M	239.7M
Inventory	10.6M	8.9M	12.5M	19.1M	15.8M	9.9M
Other Current Assets	9K	6.3M	8.6M	20.2M	23.2M	13.9M
Other Stockholder Equity	3.5M	3.3M	3.3M	2.9M	2.6M	2.4M
Total Liab	487.0M	662.5M	559.8M	639.7M	565.8M	343.4M
Property Plant And Equipment Gross	840.0M	841.9M	1.3B	1.4B	1.4B	1.5B
Total Current Assets	114.4M	188.8M	190.6M	250.3M	161.4M	179.1M
Accumulated Other Comprehensive Income	(26.0M)	(32.8M)	(31.3M)	(8.1M)	(9.3M)	(9.8M)
Short Long Term Debt Total	335.2M	391.2M	392.2M	402.8M	463.2M	486.4M
Common Stock Total Equity	19.0M	17.1M	9.3M	9.1M	10.5M	14.7M
Common Stock	8.2M	8.1M	8.1M	11.7M	13.5M	9.3M
Short Term Debt	80.1M	337K	282K	5.3M	6.1M	5.8M
Other Liab	75.0M	92.3M	83.4M	91.4M	105.1M	84.6M
Net Tangible Assets	649.2M	552.7M	632.4M	718.1M	825.8M	690.8M
Other Assets	38.9M	38.7M	26.9M	29.4M	33.8M	42.0M
Long Term Debt	254.8M	390.5M	391.5M	397.2M	316.4M	318.1M
Long Term Investments	142.8M	145.8M	155.1M	209.0M	260.9M	274.0M
Short Long Term Debt	80.1M	143K	150K	5.2M	60.7M	64.6M
Property Plant Equipment	840.0M	841.9M	819.6M	851.0M	978.7M	789.3M
Long Term Debt Total	255.1M	390.8M	391.9M	397.5M	457.1M	332.7M
Capital Surpluse	1.2M	1.0M	985K	582K	523.8K	497.6K
Net Invested Capital	995.3M	951.2M	1.0B	1.1B	1.2B	1.1B
Net Working Capital	(42.4M)	9.5M	106.1M	99.5M	14.2M	13.5M

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Other Information on Investing in Algoma Stock

Balance Sheet is a snapshot of the financial position of Algoma Central at a specified time, usually calculated after every quarter, six months, or one year. Algoma Central Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Algoma Central and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Algoma currently owns. An asset can also be divided into two categories, current and non-current.

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Algoma Free Cash Flow Yield vs Invested Capital Analysis

Free Cash Flow Yield vs Invested Capital

Free Cash Flow Yield vs Invested Capital Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Invested Capital

Algoma Central fundamental ratios Correlations

Algoma Central Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Algoma Central fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Other Information on Investing in Algoma Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.97	Non Current Liabilities Total
Retained Earnings	+ 0.96	Total Assets
Property Plant And Equipment Net	+ 0.95	Total Assets
Non Current Assets Total	+ 0.95	Total Assets

Current Deferred Revenue	- 0.91	Retained Earnings
Current Deferred Revenue	- 0.91	Total Stockholder Equity
Current Deferred Revenue	- 0.89	Total Assets
Other Stockholder Equity	- 0.85	Retained Earnings
Other Stockholder Equity	- 0.85	Total Stockholder Equity
Other Stockholder Equity	- 0.84	Total Assets