ALGOMA STEEL GROUP INC
ALGOMA STEEL GROUP INC logo
ASTL

ALGOMA STEEL GROUP INC (ASTL)

$6.843.48%

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– opens on 8 PM, 05 Dec 2022
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Key Stats

$6.545
Day's Range
$6.86
$6.16
52-Week Range
$12.27
1 month return5.52%
3 month return24.08%
1 year return30.06%
5 year return41.69%

Company Information

Based in Sault Ste. Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate. With a current raw steel production capacity of an estimated 2.8 million tons per year, Algoma’s size and diverse capabilities enable it to deliver responsive, customer-driven product solutions straight from the ladle to direct applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada. Algoma’s mill is one of the lowest cost producers of hot rolled sheet steel (HRC) in North America owing in part to its state-of-the-art Direct Strip Production Complex ("DSPC"), which is the newest thin slab caster in North America with direct coupling to a basic oxygen furnace (BOF) melt shop. Algoma has achieved several meaningful improvements over the last several years that are expected to result in enhanced long-term profitability for the business. Algoma has upgraded its DSPC facility and recently installed its No. 2 Ladle Metallurgy Furnace. Additionally, Algoma has cost cutting initiatives underway and is in the process of modernizing its plate mill facilities. Today Algoma is returning to its roots as a customer-focused, entrepreneurial company with the courage and growing capability to meet the industry’s challenges head-on. It is investing in its people and processes, optimizing and modernizing so that it will continue to be your partner in steel.
OrganizationALGOMA STEEL GROUP INC
Employees0
CEOMr. Rajat Marwah
IndustryBasic Materials

Analyst Forecast

What analysts predicted

Upside of 87.87%

Current

$6.84

Target

$12.85

Highlights

Market Capitalization
693.9M
Book Value
$14.78
Dividend Share
0.2
Dividend Yield
3.1%
Earnings Per Share (EPS)
4.9
PE Ratio
1.35
Wall Street Target Price
12.85

Valuation

Trailing PE1.35
Forward PE4.37
Price/Book (mrq)
0.58
Enterprise Value
402.6M
Enterprise Value/Revenue
0.11
Enterprise Value/Ebitda
0.35

Technicals

50 Day MA
6.81
200 Day MA
8.89

Institutional Holdings

Bain Capital Credit

19.43%

Barclays PLC

10.16%

Contrarian Capital Management LLC

7.22%

Maple Rock Capital Partners, Inc.

5.91%

MSD Partners, L.P.

5.1%

Finepoint Capital LP

3.58%

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