Algoma Free Cash Flow Yield vs Invested Capital Analysis

ASTL Stock

10.67 0.11 1.02%

Algoma Steel financial indicator trend analysis is way more than just evaluating Algoma Steel Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algoma Steel Group is a good investment. Please check the relationship between Algoma Steel 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 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.

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 Steel Group Free Cash Flow Yield account and Invested Capital. At this time, the significance of the direction appears to have no relationship.

The correlation between Algoma Steel's Free Cash Flow Yield and Invested Capital is 0.01. 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 Steel Group, assuming nothing else is changed. The correlation between historical values of Algoma Steel'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 Steel Group 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 Steel's Free Cash Flow Yield and Invested Capital go up and down completely randomly.

Correlation Coefficient

0.01

Relationship Direction	Positive
Relationship Strength	Insignificant

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 Steel Group. There are two different methods for calculating Algoma Steel Group invested capital: operating approach and financing approach. Understanding Algoma Steel invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

Most indicators from Algoma Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algoma Steel Group 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 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.

As of the 29th of May 2024, Tax Provision is likely to drop to about 86.3 M. In addition to that, Selling General Administrative is likely to drop to about 86.8 M

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	87M	95.3M	85.8M	79.5M
Total Operating Expenses	103M	2.5B	2.9B	3.0B

Reconciled Depreciation Total Operating Expenses

Algoma Steel fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Shares Outstanding	Long Term Debt Total
Other Current Liab		0.23	-0.64	0.55	0.48	-0.33	-0.69	0.85	0.12	-0.11	0.07	0.72	0.58	-0.62	0.42	-0.48	0.44	-0.17	-0.46	0.75	-0.18	-0.67	-0.47	0.36	-0.04	-0.21
Total Current Liabilities	0.23		-0.01	-0.2	-0.34	-0.15	0.25	-0.13	-0.31	0.01	-0.09	-0.15	-0.03	0.12	-0.07	0.11	-0.09	-0.18	0.09	0.14	-0.18	-0.12	0.09	-0.08	0.15	0.12
Other Liab	-0.64	-0.01		-0.77	-0.89	0.16	0.87	-0.8	-0.59	-0.21	-0.66	-0.77	-0.37	0.85	-0.43	0.54	-0.46	-0.28	0.49	-0.21	-0.28	0.25	0.51	-0.45	0.42	0.47
Net Tangible Assets	0.55	-0.2	-0.77		0.92	0.38	-0.78	0.86	0.81	-0.22	0.81	0.89	0.78	-0.44	0.86	-0.92	0.87	0.64	-0.91	0.48	0.64	-0.58	-0.92	0.9	-0.75	-0.74
Retained Earnings	0.48	-0.34	-0.89	0.92		0.11	-0.9	0.81	0.78	0.09	0.78	0.85	0.53	-0.68	0.63	-0.71	0.65	0.52	-0.69	0.27	0.51	-0.35	-0.7	0.67	-0.59	-0.58
Accounts Payable	-0.33	-0.15	0.16	0.38	0.11		0.26	-0.03	0.46	-0.67	0.56	0.04	0.45	0.53	0.56	-0.61	0.54	0.73	-0.61	-0.02	0.73	-0.15	-0.61	0.68	-0.79	-0.69
Other Assets	-0.69	0.25	0.87	-0.78	-0.9	0.26		-0.88	-0.58	-0.29	-0.47	-0.9	-0.48	0.79	-0.52	0.51	-0.53	-0.23	0.52	-0.48	-0.23	0.48	0.52	-0.47	0.25	0.28
Net Receivables	0.85	-0.13	-0.8	0.86	0.81	-0.03	-0.88		0.6	-0.17	0.45	0.96	0.78	-0.62	0.72	-0.76	0.75	0.3	-0.74	0.65	0.29	-0.65	-0.75	0.65	-0.37	-0.46
Inventory	0.12	-0.31	-0.59	0.81	0.78	0.46	-0.58	0.6		-0.19	0.82	0.73	0.64	-0.17	0.78	-0.75	0.81	0.9	-0.76	0.08	0.9	-0.2	-0.75	0.73	-0.66	-0.53
Other Current Assets	-0.11	0.01	-0.21	-0.22	0.09	-0.67	-0.29	-0.17	-0.19		-0.09	-0.08	-0.59	-0.46	-0.45	0.58	-0.51	-0.3	0.53	-0.19	-0.3	0.2	0.54	-0.45	0.37	0.42
Other Stockholder Equity	0.07	-0.09	-0.66	0.81	0.78	0.56	-0.47	0.45	0.82	-0.09		0.54	0.44	-0.27	0.64	-0.73	0.64	0.8	-0.71	-0.02	0.8	-0.16	-0.72	0.76	-0.88	-0.78
Total Current Assets	0.72	-0.15	-0.77	0.89	0.85	0.04	-0.9	0.96	0.73	-0.08	0.54		0.81	-0.51	0.82	-0.77	0.83	0.47	-0.79	0.65	0.46	-0.67	-0.78	0.73	-0.41	-0.42
Common Stock	0.58	-0.03	-0.37	0.78	0.53	0.45	-0.48	0.78	0.64	-0.59	0.44	0.81		0.0	0.95	-0.9	0.96	0.58	-0.92	0.72	0.57	-0.77	-0.92	0.86	-0.51	-0.51
Property Plant Equipment	-0.62	0.12	0.85	-0.44	-0.68	0.53	0.79	-0.62	-0.17	-0.46	-0.27	-0.51	0.0		-0.01	0.14	-0.02	0.19	0.07	-0.13	0.19	0.1	0.1	-0.04	0.08	0.21
Total Assets	0.42	-0.07	-0.43	0.86	0.63	0.56	-0.52	0.72	0.78	-0.45	0.64	0.82	0.95	-0.01		-0.91	0.98	0.76	-0.95	0.62	0.76	-0.72	-0.94	0.95	-0.68	-0.63
Short Long Term Debt Total	-0.48	0.11	0.54	-0.92	-0.71	-0.61	0.51	-0.76	-0.75	0.58	-0.73	-0.77	-0.9	0.14	-0.91		-0.94	-0.68	0.98	-0.48	-0.67	0.58	0.99	-0.94	0.77	0.77
Total Stockholder Equity	0.44	-0.09	-0.46	0.87	0.65	0.54	-0.53	0.75	0.81	-0.51	0.64	0.83	0.96	-0.02	0.98	-0.94		0.76	-0.97	0.57	0.75	-0.66	-0.96	0.93	-0.64	-0.59
Property Plant And Equipment Net	-0.17	-0.18	-0.28	0.64	0.52	0.73	-0.23	0.3	0.9	-0.3	0.8	0.47	0.58	0.19	0.76	-0.68	0.76		-0.71	0.0	1.0	-0.17	-0.7	0.75	-0.75	-0.58
Net Debt	-0.46	0.09	0.49	-0.91	-0.69	-0.61	0.52	-0.74	-0.76	0.53	-0.71	-0.79	-0.92	0.07	-0.95	0.98	-0.97	-0.71		-0.56	-0.7	0.66	1.0	-0.97	0.74	0.72
Cash	0.75	0.14	-0.21	0.48	0.27	-0.02	-0.48	0.65	0.08	-0.19	-0.02	0.65	0.72	-0.13	0.62	-0.48	0.57	0.0	-0.56		-0.01	-0.98	-0.55	0.55	-0.1	-0.18
Non Current Assets Total	-0.18	-0.18	-0.28	0.64	0.51	0.73	-0.23	0.29	0.9	-0.3	0.8	0.46	0.57	0.19	0.76	-0.67	0.75	1.0	-0.7	-0.01		-0.16	-0.69	0.74	-0.75	-0.57
Non Currrent Assets Other	-0.67	-0.12	0.25	-0.58	-0.35	-0.15	0.48	-0.65	-0.2	0.2	-0.16	-0.67	-0.77	0.1	-0.72	0.58	-0.66	-0.17	0.66	-0.98	-0.16		0.65	-0.68	0.29	0.34
Long Term Debt	-0.47	0.09	0.51	-0.92	-0.7	-0.61	0.52	-0.75	-0.75	0.54	-0.72	-0.78	-0.92	0.1	-0.94	0.99	-0.96	-0.7	1.0	-0.55	-0.69	0.65		-0.97	0.77	0.76
Cash And Short Term Investments	0.36	-0.08	-0.45	0.9	0.67	0.68	-0.47	0.65	0.73	-0.45	0.76	0.73	0.86	-0.04	0.95	-0.94	0.93	0.75	-0.97	0.55	0.74	-0.68	-0.97		-0.83	-0.79
Common Stock Shares Outstanding	-0.04	0.15	0.42	-0.75	-0.59	-0.79	0.25	-0.37	-0.66	0.37	-0.88	-0.41	-0.51	0.08	-0.68	0.77	-0.64	-0.75	0.74	-0.1	-0.75	0.29	0.77	-0.83		0.96
Long Term Debt Total	-0.21	0.12	0.47	-0.74	-0.58	-0.69	0.28	-0.46	-0.53	0.42	-0.78	-0.42	-0.51	0.21	-0.63	0.77	-0.59	-0.58	0.72	-0.18	-0.57	0.34	0.76	-0.79	0.96

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Algoma Steel Account Relationship Matchups

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When determining whether Algoma Steel Group is a strong investment it is important to analyze Algoma Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Algoma Steel's future performance. For an informed investment choice regarding Algoma Stock, refer to the following important reports:

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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 Steel fundamental ratios Correlations

Algoma Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Long Term Debt	+ 1.0	Net Debt
Long Term Debt	+ 0.99	Short Long Term Debt Total
Total Stockholder Equity	+ 0.98	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Total Current Assets	+ 0.96	Net Receivables

Non Currrent Assets Other	- 0.98	Cash
Cash And Short Term Investments	- 0.97	Long Term Debt
Cash And Short Term Investments	- 0.97	Net Debt
Net Debt	- 0.97	Total Stockholder Equity
Long Term Debt	- 0.96	Total Stockholder Equity
Net Debt	- 0.95	Total Assets