Algoma Steel Group Inc. issues update on outage at Lake Superior Power Plant affecting operations. Power plant outage risks temporary production disruption and financial effects for the steelmaker.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | ‡‡‡‡‡ |
|
| 2025 | 0.10 |
—
—
|
| 2024 | 0.20 |
—
—
—
—
|
| 2023 | 0.20 |
—
—
—
—
|
| 2022 | 0.25 |
—
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 190.11 | 75.46 | 55.54 | 45.22 |
| Receivables | 220.29 | 197.70 | 285.99 | 311.38 |
| Inventory | 546.72 | 598.82 | 407.45 | 324.31 |
| Other | 5.07 | 4.23 | 3.94 | 4.55 |
| 1,033.61 | 935.89 | 774.67 | 707.28 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 154.78 | 212.60 | 145.93 | 152.62 |
| ST’ Debt | 9.00 | 12.23 | 131.83 | 55.98 |
| Other | 85.11 | 70.50 | 54.82 | 42.47 |
| 259.78 | 317.65 | 355.99 | 284.01 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 216.41 | 193.22 | — | — |
—
|
| ’25 | 360.11 | 475.32 | 440.02 | 325.98 |
1,492.74
|
| ’24 | 459.30 | — | — | — |
2,072.53
|
| ’23 | — | 615.27 | 546.01 | 451.95 |
2,779.00
|
| ’23 | 492.70 | — | — | — |
2,101.94
|
| ’22 | — | 731.49 | 459.11 | 418.64 |
3,806.00
|
| ’22 | 1,389.05 | — | — | — |
3,036.43
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (8.89) | (57.27) | — | — |
—
|
| ’25 | 64.14 | 9.13 | 18.72 | (1.50) |
(47.31)
|
| ’24 | 218.61 | — | — | — |
218.61
|
| ’23 | — | 121.91 | 42.88 | (37.22) |
177.00
|
| ’23 | 134.13 | — | — | — |
134.13
|
| ’22 | — | 216.61 | (55.32) | (100.90) |
1,227.00
|
| ’22 | 1,007.94 | — | — | — |
1,007.94
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (23.76) | (78.08) | — | — |
—
|
| ’25 | (24.30) | (62.69) | (47.04) | (19.36) |
(281.56)
|
| ’24 | (144.70) | — | — | — |
(144.70)
|
| ’23 | — | 42.77 | (81.60) | (105.11) |
177.00
|
| ’23 | (118.17) | — | — | — |
(118.17)
|
| ’22 | — | 153.88 | (119.25) | (159.24) |
1,227.00
|
| ’22 | 875.35 | — | — | — |
875.35
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (1.06) | (0.64) | — | — |
—
|
| ’25 | (0.33) | (0.05) | (0.72) | (2.41) |
(6.48)
|
| ’24 | 0.07 | — | — | — |
0.52
|
| ’23 | — | 0.63 | 0.18 | (0.57) |
1.71
|
| ’23 | (0.14) | — | — | — |
1.29
|
| ’22 | — | 1.17 | 0.28 | (0.47) |
5.80
|
| ’22 | 1.15 | — | — | — |
6.12
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | ‡‡‡‡ | 5.64 | 5.79 | 6.67 | 3.02 | — | — | — |
Low Price
|
| — | — | — | — | — | ‡‡‡‡‡ | 12.50 | 10.25 | 12.14 | 9.85 | — | — | — |
High Price
|
| — | — | — | — | — | — | — | — | 2,844 | 2,400 | — | — | — |
Employees
|
| — | — | — | — | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.73 | 0.62 | — | — | — |
Revenue/Emp
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,036.43 | 2,101.94 | 2,072.53 | 1,492.74 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 39.78% | 14.03% | 10.10% | (31.87%) | — | — | — |
Gross Margin
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 922.74 | 284.52 | 107.41 | (930.91) | — | — | — |
EBT
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡ | 30.39% | 13.54% | 5.18% | (62.36%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| — | — | ‡‡‡ | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 684.27 | 225.82 | 77.98 | (704.89) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| — | — | — | — | ‡‡‡ | ‡‡‡ | 69.41 | 72.09 | 85.25 | 254.72 | — | — | — |
Depreciation
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡ | 30.18 | 17.13 | 19.12 | 13.73 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.73 | 1.84 | 0.72 | (6.48) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.02 | 1.09 | 2.02 | (0.44) | — | — | — |
Cash Flow/Sh
|
| — | — | — | — | ‡‡‡ | ‡‡‡ | (1.32) | (2.06) | (3.35) | (2.15) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.70 | (0.96) | (1.33) | (2.59) | — | — | — |
Free CF/Sh
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.55 | 9.02 | 10.27 | 3.23 | — | — | — |
Book Value/Sh
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 100.60 | 122.70 | 108.40 | 108.70 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.67 | 5.42 | 11.66 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | 0.30 | 0.47 | 0.45 | 0.30 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.90 | 0.90 | 0.84 | 1.27 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | 0.12 | 0.43 | 0.47 | 0.67 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| — | — | — | — | ‡‡‡ | ‡‡‡‡‡ | 0.29 | (3.68) | (3.35) | (3.55) | — | — | — |
EV/FCF
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,007.94 | 134.13 | 218.61 | (47.31) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | — | — | — | ‡‡‡ | ‡‡‡ | (132.59) | (252.29) | (363.31) | (234.25) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 875.35 | (118.17) | (144.70) | (281.56) | — | — | — |
FCF
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,100.17 | 773.82 | 618.24 | 418.68 | — | — | — |
Working Cap'
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 76.03 | 92.52 | 106.67 | 610.56 | — | — | — |
Total Debt
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | (657.31) | (97.59) | 31.21 | 555.03 | — | — | — |
Net Debt
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,262.60 | 1,106.15 | 1,113.73 | 351.48 | — | — | — |
Sh' Equity
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.84% | 9.92% | 3.51% | (40.30%) | — | — | — |
ROA
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 116.24% | 13.62% | 6.77% | (63.18%) | — | — | — |
ROIC
|
| — | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 64.39% | 16.79% | 6.06% | (96.22%) | — | — | — |
ROE
|
Algoma Steel Group Inc. (ASTL), Canada’s largest producer of hot-rolled steel plate and sheet, exemplifies the steel industry’s boom-to-bust cycles, with shares now near multi-year lows after peaking amid 2021-2022 post-pandemic demand surges. Revenue hit $3.04 billion in those years, driving net income to $684 million and EPS to $6.73, but normalized prices led to a 31% revenue drop to $2.10 billion in 2023, with profits cratering and free cash flow turning negative amid heavy capex. A standout strength is the balance sheet: debt slashed 87% to $107 million by 2024, net debt at just $31 million, and equity above $1.1 billion, providing a solid buffer against volatility.
The company is midway through a transformative $1.1 billion+ green steel project, including an electric arc furnace (EAF) and direct-reduced iron plant set for late 2025 commissioning, targeting 70% emissions cuts and 30% lower costs. Analyst forecasts show near-term pain—revenue dipping to $1.54 billion in 2025 and losses through 2026 due to steel price softness, global overcapacity, and transition costs—but a rebound to profitability in 2027. Risks abound, from project delays to prolonged commodity troughs, yet this positions ASTL as a potential low-cost North American green leader amid carbon taxes and tariffs.
Trading at discounted multiples (P/E ~12x, P/S 0.45x, P/B ~0.8x), ASTL offers 25-140% upside per analyst targets, blending undervalued assets with a decarbonization moat and cyclical recovery potential. Patient investors eyeing steady balance sheets may find the full transformation narrative compelling, though downside protection hinges on execution in a high-risk sector.
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