Algoma Steel Group Stock Performance
| ASTL Stock | USD 10.77 0.10 0.94% |
Algoma Steel has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.52, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Algoma Steel will likely underperform. Algoma Steel Group right now shows a risk of 2.26%. Please confirm Algoma Steel Group value at risk, and the relationship between the jensen alpha and skewness , to decide if Algoma Steel Group will be following its price patterns.
Risk-Adjusted Performance
4 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Algoma Steel Group are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite quite weak basic indicators, Algoma Steel may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
Actual Historical Performance (%)
One Day Return 0.94 | Five Day Return (4.94) | Year To Date Return 13.01 | Ten Year Return 10.92 | All Time Return 10.92 |
Forward Dividend Yield 0.0187 | Payout Ratio 0.3854 | Forward Dividend Rate 0.2 | Dividend Date 2024-12-27 | Ex Dividend Date 2024-11-27 |
| Algoma Steel dividend paid on 27th of September 2024 | 09/27/2024 |
1 | Donald Smith Co. Reduces Stake in Algoma Steel Group Inc. | 10/25/2024 |
2 | Algoma Steel Group Set to Announce Earnings on Wednesday | 10/30/2024 |
3 | MMCAP International Inc. SPC Acquires New Stake in Launch One Acquisition Corp | 11/07/2024 |
4 | Algoma Steel Group Second Quarter 2025 Earnings Revenues Beat Expectations, EPS Lags | 11/08/2024 |
5 | Bear of the Day Commercial Metals | 11/12/2024 |
6 | Algoma Steel Group Inc. Announces Quarterly Dividend of 0.05 | 11/25/2024 |
| Begin Period Cash Flow | 247.4 M |
Algoma |
Algoma Steel Relative Risk vs. Return Landscape
If you would invest 1,006 in Algoma Steel Group on September 1, 2024 and sell it today you would earn a total of 71.00 from holding Algoma Steel Group or generate 7.06% return on investment over 90 days. Algoma Steel Group is currently generating 0.1329% in daily expected returns and assumes 2.2569% risk (volatility on return distribution) over the 90 days horizon. In different words, 20% of stocks are less volatile than Algoma, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Algoma Steel Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Algoma Steel's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Algoma Steel Group, and traders can use it to determine the average amount a Algoma Steel's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0589
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Estimated Market Risk
| 2.26 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Algoma Steel is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Algoma Steel by adding it to a well-diversified portfolio.
Algoma Steel Fundamentals Growth
Algoma Stock prices reflect investors' perceptions of the future prospects and financial health of Algoma Steel, and Algoma Steel fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Algoma Stock performance.
| Return On Equity | -0.1 | ||||
| Return On Asset | -0.0352 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | (0.17) % | ||||
| Current Valuation | 1.23 B | ||||
| Shares Outstanding | 104.42 M | ||||
| Price To Earning | 1.15 X | ||||
| Price To Book | 1.11 X | ||||
| Price To Sales | 0.45 X | ||||
| Revenue | 2.8 B | ||||
| Gross Profit | 389.8 M | ||||
| EBITDA | 301.9 M | ||||
| Net Income | 105.2 M | ||||
| Cash And Equivalents | 1.14 B | ||||
| Cash Per Share | 10.79 X | ||||
| Total Debt | 146.1 M | ||||
| Debt To Equity | 0.07 % | ||||
| Current Ratio | 2.09 X | ||||
| Book Value Per Share | 13.54 X | ||||
| Cash Flow From Operations | 294.9 M | ||||
| Earnings Per Share | (1.03) X | ||||
| Market Capitalization | 1.11 B | ||||
| Total Asset | 2.68 B | ||||
| Retained Earnings | 288.4 M | ||||
| Working Capital | 834 M | ||||
About Algoma Steel Performance
By examining Algoma Steel's fundamental ratios, stakeholders can obtain critical insights into Algoma Steel's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Algoma Steel is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 118.46 | 68.16 | |
| Return On Tangible Assets | 0.04 | 0.04 | |
| Return On Capital Employed | 0.07 | 0.08 | |
| Return On Assets | 0.04 | 0.04 | |
| Return On Equity | 0.07 | 0.09 |
Things to note about Algoma Steel Group performance evaluation
Checking the ongoing alerts about Algoma Steel for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Algoma Steel Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Algoma Steel Group has a poor financial position based on the latest SEC disclosures | |
| Over 76.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from thelincolnianonline.com: Algoma Steel Group Inc. Announces Quarterly Dividend of 0.05 |
- Analyzing Algoma Steel's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Algoma Steel's stock is overvalued or undervalued compared to its peers.
- Examining Algoma Steel's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Algoma Steel's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Algoma Steel's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Algoma Steel's stock. These opinions can provide insight into Algoma Steel's potential for growth and whether the stock is currently undervalued or overvalued.
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 closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Diversified Metals & Mining space 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 (0.93) | Dividend Share 0.236 | Earnings Share (1.03) | Revenue Per Share 22.941 | Quarterly Revenue Growth (0.18) |
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.