Algoma Historical Financial Ratios
| ASTL Stock | 15.11 0.38 2.45% |
Algoma Steel is presently reporting on over 91 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0115, PTB Ratio of 1.23 or Days Sales Outstanding of 42.92 will help investors to properly organize and evaluate Algoma Steel Group financial condition quickly.
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About Algoma Financial Ratios Analysis
Algoma Steel GroupFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Algoma Steel investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Algoma financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Algoma Steel history.
Algoma Steel Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Algoma Steel Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Algoma Steel sales, a figure that is much harder to manipulate than other Algoma Steel Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Algoma Steel Group dividend as a percentage of Algoma Steel stock price. Algoma Steel Group dividend yield is a measure of Algoma Steel stock productivity, which can be interpreted as interest rate earned on an Algoma Steel investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Most ratios from Algoma Steel's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Algoma Steel Group current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 board of governors. At this time, Algoma Steel's Payables Turnover is very stable compared to the past year. As of the 27th of November 2024, Capex To Revenue is likely to grow to 0.18, while Price To Sales Ratio is likely to drop 0.60.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0229 | 0.0159 | 0.0115 | Price To Sales Ratio | 0.48 | 0.63 | 0.6 |
Algoma Steel fundamentals Correlations
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Algoma Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Algoma Steel fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 1.03 | 1.0 | 0.55 | 0.48 | 0.63 | 0.6 | |
| Operating Cash Flow Per Share | (0.0318) | 0.0547 | 8.54 | 1.44 | 1.96 | 1.27 | |
| Capex To Depreciation | 0.89 | 0.82 | 1.93 | 3.5 | 4.26 | 4.47 | |
| Free Cash Flow Per Share | (0.8) | (0.43) | 7.4 | (1.27) | (1.3) | (1.23) | |
| Net Income Per Share | (1.19) | (1.08) | 5.8 | 2.43 | 0.7 | 0.57 | |
| Pocfratio | (429.73) | 222.11 | 1.65 | 7.56 | 5.97 | 5.67 | |
| Capex To Operating Cash Flow | (24.23) | 8.86 | 0.13 | 1.88 | 1.66 | 1.75 | |
| Pfcf Ratio | (17.03) | (28.24) | 1.9 | (8.58) | (9.02) | (8.57) | |
| Income Quality | 0.0267 | (0.11) | 1.47 | 0.59 | 2.8 | 2.94 | |
| Pe Ratio | (11.48) | (11.22) | 2.43 | 4.49 | 16.73 | 20.24 | |
| Earnings Yield | (0.0871) | (0.0892) | 0.41 | 0.22 | 0.0598 | 0.0424 | |
| Capex Per Share | 0.77 | 0.49 | 1.13 | 2.72 | 3.26 | 3.42 |
Pair Trading with Algoma Steel
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.Moving against Algoma Stock
| 0.82 | PFE | Pfizer Inc CDR | PairCorr |
| 0.59 | ORE | Orezone Gold Corp | PairCorr |
| 0.55 | INFM | Infinico Metals Corp | PairCorr |
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.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 board of governors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.