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Algoma Steel Group Inc
Previous close
$8.33
Day range
$8.13 - $8.29
Year range
$6.67 - $12.14
Market cap
858.09M USD
Avg Volume
543.16K
P/E ratio
-
Dividend yield
2.43%
Primary exchange
NASDAQ
Financials
Income Statement
Revenue
Net income
| (CAD) | Sep 2024info | Y/Y change |
|---|---|---|
Revenue | 600.30M | -18.06% |
Operating expense | 67.00M | 43.47% |
Net income | -106.60M | -442.77% |
Net profit margin | -17.76 | -517.88% |
Earnings per share | -0.48 | -308.46% |
EBITDA | -65.20M | -211.45% |
Effective tax rate | 13.89% | — |
Balance Sheet
Total assets
Total liabilities
| (CAD) | Sep 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 452.00M | 111.61% |
Total assets | 3.10B | 14.11% |
Total liabilities | 1.68B | 52.72% |
Total equity | 1.41B | — |
Shares outstanding | 104.42M | — |
Price to book | 0.62 | — |
Return on assets | -8.15% | — |
Return on capital | -12.04% | — |
Cash Flow
Net change in cash
| (CAD) | Sep 2024info | Y/Y change |
|---|---|---|
Net income | -106.60M | -442.77% |
Cash from operations | 25.50M | -55.42% |
Cash from investing | -61.50M | 60.22% |
Cash from financing | 900.00K | -83.02% |
Net change in cash | -41.40M | 52.41% |
Free cash flow | -7.29M | 94.01% |
About
Algoma Steel Inc. is an integrated primary steel producer located on the St. Marys River in Sault Ste. Marie, Ontario, Canada. Algoma Steel was founded in 1901 by Francis Clergue, an American entrepreneur who had settled in Sault Ste. Marie. The company is a traditional blast furnace based steel maker that is building an electric arc furnace to produce steel with a lower carbon footprint.
Algoma Steel has been privately owned several times, listed on the Toronto Stock Exchange at least three times; and has been a subsidiary or affiliate of Canadian Pacific Limited, Dofasco and Essar Group. Reflecting the challenging environment for Canadian steel makers, Algoma emerged from bankruptcy protection in 1992 and 2004, and was in creditor protection again in 2018.
In May 2021, it was announced that Algoma "was to become a public company again" as it had agreed a merger with New York–based acquisition firm Legato Merger Corp, which is a NASDAQ-listed special-purpose acquisition company. Following the deal, Algoma listed its shares on the Toronto Stock Exchange for the third time. Wikipedia
Founded
1902
Headquarters
Website
Employees
2,844
