Algoma Steel Shares Owned By Insiders vs. Current Valuation

ASTL Stock   14.18  0.16  1.12%   
Taking into consideration Algoma Steel's profitability measurements, Algoma Steel Group is yielding more profit at the present time then in previous quarter. It has a moderate likelihood of reporting better profitability numbers in January. Profitability indicators assess Algoma Steel's ability to earn profits and add value for shareholders. At this time, Algoma Steel's Days Sales Outstanding is very stable compared to the past year. As of the 13th of December 2024, Days Of Sales Outstanding is likely to grow to 42.92, while Price To Sales Ratio is likely to drop 0.60. At this time, Algoma Steel's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 13th of December 2024, Operating Income is likely to grow to about 234.5 M, while Income Before Tax is likely to drop about 121.4 M.
For Algoma Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Algoma Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Algoma Steel Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Algoma Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Algoma Steel Group over time as well as its relative position and ranking within its peers.
  
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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.

Algoma Steel Group Current Valuation vs. Shares Owned By Insiders Fundamental Analysis

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.
Algoma Steel Group is rated fifth in shares owned by insiders category among its peers. It is the top company in current valuation category among its peers reporting about  220,353,319  of Current Valuation per Shares Owned By Insiders. Comparative valuation analysis is a catch-all model that can be used if you cannot value Algoma Steel by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Algoma Steel's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Algoma Current Valuation vs. Shares Owned By Insiders

Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.

Algoma Steel

Insiders Shares

 = 

Executives Shares

+

Employees

 = 
7.55 %
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Algoma Steel

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
1.66 B
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.

Algoma Current Valuation vs Competition

Algoma Steel Group is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is presently estimated at about 2.32 Billion. Algoma Steel totals roughly 1.66 Billion in current valuation claiming about 72% of all equities under Materials industry.

Algoma Steel Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Algoma Steel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Algoma Steel will eventually generate negative long term returns. The profitability progress is the general direction of Algoma Steel's change in net profit over the period of time. It can combine multiple indicators of Algoma Steel, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income267.1 M280.5 M
Operating Income164 M234.5 M
Income Before Tax144.9 M121.4 M
Total Other Income Expense Net-19.1 M-20.1 M
Net Income Applicable To Common Shares343.3 M360.4 M
Net Income105.2 M72.1 M
Income Tax Expense39.7 M76.3 M
Interest Income10 M9.5 M
Net Interest Income-34.9 M-36.6 M
Net Income From Continuing Ops105.2 M99.9 M
Change To Netincome-34 M-32.3 M
Net Income Per Share 0.70  0.57 
Income Quality 2.80  2.94 
Net Income Per E B T 0.73  1.11 

Algoma Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Algoma Steel. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Algoma Steel position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Algoma Steel's important profitability drivers and their relationship over time.

Use Algoma Steel in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algoma Steel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algoma Steel will appreciate offsetting losses from the drop in the long position's value.

Algoma Steel Pair Trading

Algoma Steel Group Pair Trading Analysis

The ability to find closely correlated positions to Algoma Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algoma Steel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algoma Steel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algoma Steel Group to buy it.
The correlation of Algoma Steel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algoma Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algoma Steel Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Algoma Steel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Algoma Steel position

In addition to having Algoma Steel in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Target Risk ETFs Thematic Idea Now

Target Risk ETFs
Target Risk ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Target Risk ETFs theme has 32 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Target Risk ETFs Theme or any other thematic opportunities.
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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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You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
To fully project Algoma Steel's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Algoma Steel Group at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Algoma Steel's income statement, its balance sheet, and the statement of cash flows.
Potential Algoma Steel investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Algoma Steel investors may work on each financial statement separately, they are all related. The changes in Algoma Steel's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Algoma Steel's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.