Algoma Steel Group Stock Net Income
| ASTLW Stock | USD 1.87 0.02 1.06% |
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.
| Last Reported | Projected for Next Year | ||
| Net Income | 105.2 M | 72.1 M | |
| Net Income From Continuing Ops | 105.2 M | 99.9 M | |
| Net Income Per Share | 0.70 | 0.57 | |
| Net Income Per E B T | 0.73 | 1.11 |
Algoma | Net Income |
Algoma Steel Group Company Net Income Analysis
Algoma Steel's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Algoma Steel Net Income | 105.2 M |
Most of Algoma Steel's fundamental indicators, such as Net Income, 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 Net Income 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 Net Income. 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.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Algoma Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
|
Based on the recorded statements, Algoma Steel Group reported net income of 105.2 M. This is 974.16% lower than that of the Metals & Mining sector and 84.87% lower than that of the Materials industry. The net income for all United States stocks is 81.58% higher than that of the company.
Algoma Net Income 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 Net Income 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 net income category among its peers.
Algoma Steel Current Valuation Drivers
We derive many important indicators used in calculating different scores of Algoma Steel from analyzing Algoma Steel's financial statements. These drivers represent accounts that assess Algoma Steel's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Algoma Steel's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.0B | 1.8B | 2.1B | 1.3B | 1.8B | 3.5B |
Algoma Fundamentals
| Return On Equity | -0.1 | ||||
| Return On Asset | -0.0352 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | (0.17) % | ||||
| Number Of Shares Shorted | 2.11 K | ||||
| Revenue | 2.8 B | ||||
| EBITDA | 301.9 M | ||||
| Net Income | 105.2 M | ||||
| Cash And Equivalents | 21.9 M | ||||
| Cash Per Share | 0.22 X | ||||
| Total Debt | 156.5 M | ||||
| Debt To Equity | 1.39 % | ||||
| Current Ratio | 3.20 X | ||||
| Book Value Per Share | 13.54 X | ||||
| Cash Flow From Operations | 294.9 M | ||||
| Earnings Per Share | (0.62) X | ||||
| Number Of Employees | 2.84 K | ||||
| Beta | 1.49 | ||||
| Total Asset | 2.68 B | ||||
| Retained Earnings | 288.4 M | ||||
| Working Capital | 834 M | ||||
| Net Asset | 2.68 B |
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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional 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.