Algoma Steel Group (ASTL) & The Competition Head-To-Head Analysis

Algoma Steel Group (NASDAQ:ASTLGet Rating) is one of 27 publicly-traded companies in the “Blast furnaces & steel mills” industry, but how does it weigh in compared to its peers? We will compare Algoma Steel Group to related businesses based on the strength of its risk, dividends, institutional ownership, earnings, profitability, analyst recommendations and valuation.

Dividends

Algoma Steel Group pays an annual dividend of $0.20 per share and has a dividend yield of 2.3%. Algoma Steel Group pays out 3.2% of its earnings in the form of a dividend. As a group, “Blast furnaces & steel mills” companies pay a dividend yield of 3.1% and pay out 9.1% of their earnings in the form of a dividend.

Profitability

This table compares Algoma Steel Group and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Algoma Steel Group 24.16% 83.33% 36.40%
Algoma Steel Group Competitors 13.39% 29.82% 15.11%

Institutional and Insider Ownership

60.7% of Algoma Steel Group shares are owned by institutional investors. Comparatively, 54.4% of shares of all “Blast furnaces & steel mills” companies are owned by institutional investors. 5.5% of shares of all “Blast furnaces & steel mills” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Valuation and Earnings

This table compares Algoma Steel Group and its peers revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Algoma Steel Group $3.00 billion $684.27 million 1.42
Algoma Steel Group Competitors $17.04 billion $2.37 billion 3.70

Algoma Steel Group’s peers have higher revenue and earnings than Algoma Steel Group. Algoma Steel Group is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Risk & Volatility

Algoma Steel Group has a beta of 1.21, meaning that its share price is 21% more volatile than the S&P 500. Comparatively, Algoma Steel Group’s peers have a beta of 1.52, meaning that their average share price is 52% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent ratings and price targets for Algoma Steel Group and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Algoma Steel Group 0 1 1 0 2.50
Algoma Steel Group Competitors 331 1174 1443 36 2.40

Algoma Steel Group currently has a consensus price target of $16.00, suggesting a potential upside of 80.38%. As a group, “Blast furnaces & steel mills” companies have a potential upside of 36.86%. Given Algoma Steel Group’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Algoma Steel Group is more favorable than its peers.

Summary

Algoma Steel Group beats its peers on 8 of the 15 factors compared.

About Algoma Steel Group

(Get Rating)

Algoma Steel Group Inc. produces and sells steel products primarily in North America. It provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.

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