Algoma Steel Financials
| ASTLW Stock | USD 0.41 0.01 2.50% |
Algoma |
Understanding current and past Algoma Steel Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Algoma Steel's financial statements are interrelated, with each one affecting the others. For example, an increase in Algoma Steel's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Algoma Steel's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Algoma Steel Group. Check Algoma Steel's Beneish M Score to see the likelihood of Algoma Steel's management manipulating its earnings.
Algoma Steel Stock Summary
Algoma Steel competes with Algoma Steel, and Evolv Technologies. Algoma Steel Group Inc. produces and sells steel products in Canada and the United States. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Algoma Steel operates under Steel classification in the United States and is traded on NASDAQ Exchange. It employs 2696 people.Specialization | Basic Materials, Steel |
| Instrument | USA Stock View All |
| Exchange | NASDAQ Exchange |
| CUSIP | 015658115 52473X114 |
| Location | Ontario; Canada |
| Business Address | 105 West Street, |
| Sector | Metals & Mining |
| Industry | Materials |
| Benchmark | Dow Jones Industrial |
| Website | algoma.com |
| Phone | 705 945 2351 |
| Currency | USD - US Dollar |
Algoma Steel Key Financial Ratios
| Return On Equity | -0.1 | ||||
| Return On Asset | -0.0352 | ||||
| Beta | 1.47 |
Algoma Financial Ratios 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 rated third in return on equity category among its peers. It is number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Algoma Steel by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Algoma Steel Group Systematic Risk
Algoma Steel's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Algoma Steel volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Algoma Steel Group correlated with the market. If Beta is less than 0 Algoma Steel generally moves in the opposite direction as compared to the market. If Algoma Steel Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Algoma Steel Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Algoma Steel is generally in the same direction as the market. If Beta > 1 Algoma Steel moves generally in the same direction as, but more than the movement of the benchmark.
Steps to analyze company Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Algoma Steel is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Algoma has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Algoma Steel's financials are consistent with your investment objective using the following steps:- Review Algoma Steel's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Algoma Steel's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Algoma Steel's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Algoma Steel's stock is overvalued or undervalued.
Algoma Steel Thematic Clasifications
Algoma Steel Group is part of Steel Works Etc investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Steel Works Etc industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Steel Works Etc industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
| Steel Works Etc | View |
Algoma Steel March 23, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Algoma Steel help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Algoma Steel Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Algoma Steel Group based on widely used predictive technical indicators. In general, we focus on analyzing Algoma Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Algoma Steel's daily price indicators and compare them against related drivers.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 30.33 | |||
| Value At Risk | (15.38) | |||
| Potential Upside | 10.61 |
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.