Algoma Steel Intrinsic Stock Value – Algoma Steel Anticipates Record Q3 Steel Shipments of 515,000 Tons
January 4, 2024
🌥️Trending News
Algoma Steel ($NASDAQ:ASTL) is a leading steel manufacturer in Canada, providing high-quality steel products to customers across North America. Recently, Algoma Steel announced that it is anticipating record total steel shipments for the third quarter of the year to reach 515,000 tons. The record shipment volume will be a great boost for Algoma Steel, as it highlights the company’s commitment to providing customers with quality steel products. The increased shipment volume is due to higher demand, as customers are increasingly turning to Algoma Steel for their steel needs.
The company is also investing in research and development to ensure their products remain competitive in the current market. Algoma Steel is confident that the positive trend in their steel shipments will continue into the fourth quarter and beyond. The company is well-positioned to take advantage of any potential growth opportunities in the steel industry, and they are confident that their commitment to quality and customer service will serve them well in the future.
Stock Price
Algoma Steel, the Ontario-based steel producer, is anticipating a record third quarter for steel shipments. This news has been met with enthusiasm from investors, as ALGOMA STEEL stock opened on Wednesday at $9.5 and closed at $9.6, up by 1.3% from the last closing price of $9.5. This news is being viewed as a positive sign for the company and the steel industry as a whole. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Algoma Steel. More…
| Total Revenues | Net Income | Net Margin |
| 2.81k | 71.8 | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Algoma Steel. More…
| Operations | Investing | Financing |
| 187.9 | -434.2 | 3.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Algoma Steel. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.71k | 1.1k | 15.56 |
Key Ratios Snapshot
Some of the financial key ratios for Algoma Steel are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.4% | – | 5.2% |
| FCF Margin | ROE | ROA |
| -8.8% | 5.8% | 3.4% |
Analysis – Algoma Steel Intrinsic Stock Value
At GoodWhale, we have analyzed the fundamentals of ALGOMA STEEL to determine its fair value. After thorough examination, our proprietary Valuation Line has concluded that the fair value of ALGOMA STEEL share is around $9.7. This is great news for potential investors, as ALGOMA STEEL stock is currently traded at $9.6, a fair price. Further analysis by GoodWhale has confirmed that ALGOMA STEEL is a great potential investment, making it a sound financial decision. More…
Summary
Algoma Steel is an experienced steel producer based in Ontario, Canada. This outlook is indicative of both the strong demand for steel and Algoma Steel’s capability to deliver high-quality steel products. Investment analysis is favourable for Algoma Steel, as its shipment forecast indicates a significant improvement over previous quarters. With a steady upward trend, solid financials and strong management team in place, Algoma Steel is likely to remain a sound investment over the long-term.
