Algoma Steel Total Debt vs. Return On Equity
| ASTL Stock | 15.71 0.21 1.32% |
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.
Algoma |
Algoma Steel Group Return On Equity vs. Total Debt 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 total debt category among its peers. It also is rated fifth in return on equity category among its peers . At this time, Algoma Steel's Return On Equity is very stable compared to the past year. 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 Total Debt vs. Competition
Algoma Steel Group is rated fifth in total debt category among its peers. Total debt of Materials industry is presently estimated at about 1.91 Billion. Algoma Steel holds roughly 156.5 Million in total debt claiming about 8% of all equities under Materials industry.
Algoma Return On Equity vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Algoma Steel |
| = | 156.5 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Algoma Steel |
| = | -0.1 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Algoma Return On Equity Comparison
Algoma Steel is currently under evaluation in return on equity category among its peers.
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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 267.1 M | 280.5 M | |
| Operating Income | 164 M | 234.5 M | |
| Income Before Tax | 144.9 M | 121.4 M | |
| Total Other Income Expense Net | -19.1 M | -20.1 M | |
| Net Income Applicable To Common Shares | 343.3 M | 360.4 M | |
| Net Income | 105.2 M | 72.1 M | |
| Income Tax Expense | 39.7 M | 76.3 M | |
| Interest Income | 10 M | 9.5 M | |
| Net Interest Income | -34.9 M | -36.6 M | |
| Net Income From Continuing Ops | 105.2 M | 99.9 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.
Learn to be your own money manager
Our tools can tell you how much better you can do entering a position in Algoma Steel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Idea Optimizer Now
Idea OptimizerUse advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |
| All Next | Launch Module |
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.Did You Try This Idea?
Run Tips ETFs Thematic Idea Now
Tips ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Tips ETFs theme has 41 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 Tips ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Trending Equities. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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.