Algoma Steel Group Inc. (ASTL) vs NWPX Infrastructure, Inc. (NWPX)

Algoma Steel Group Inc. and NWPX Infrastructure, Inc. are both Steel companies. NWPX Infrastructure, Inc. is the larger, with a market value of $976.6M against $442.7M — 2.2× the size. Algoma Steel Group Inc. has negative trailing earnings, so its P/E is not meaningful; NWPX Infrastructure, Inc. trades at 20.3×. NWPX Infrastructure, Inc. grew revenue faster over the last twelve months: 15.1% against −34.4%. NWPX Infrastructure, Inc. has the higher net margin (8.49% vs −71.1%) and the higher return on invested capital (10.1% vs −72.5%). Across the 19 metrics below, NWPX Infrastructure, Inc. leads on 15 and Algoma Steel Group Inc. on 4.

Valuation

Metric ASTL NWPX Steel median
P/E n/m 20.32 21.10
P/S 0.42 1.73 0.70
P/B 2.18 2.37 1.39
Price to free cash flow n/m 12.44 23.71
EV/EBITDA n/m 11.36 10.71
EV/Sales 0.97 1.71 0.85
Earnings yield (172.54%) 4.92% 4.56%
Free cash flow yield (55.91%) 8.04% 0.00%

Profitability

Metric ASTL NWPX Steel median
Gross margin (47.42%) 20.88% 13.91%
Operating margin (86.59%) 11.47% 4.77%
Net margin (71.10%) 8.49% 3.40%
Free cash flow margin (23.33%) 13.87% 0.00%
Return on equity (138.17%) 12.22% 2.21%
Return on assets (43.83%) 7.83% 1.83%
Return on invested capital (72.46%) 10.06% 2.52%

Growth

Metric ASTL NWPX Steel median
Revenue growth (TTM) (34.43%) 15.09% 11.33%
EPS growth (last fiscal year) (1,205.05%) 4.71% —
Revenue growth, 5-year CAGR (13.24%) 12.97% 6.73%
Net income growth, 5-year CAGR 0.00% 13.20% 0.00%

Health

Metric ASTL NWPX Steel median
Debt to equity 3.12 0.02 0.22
Current ratio 2.49 2.71 2.58
Net debt to EBITDA (0.84) 0.13 0.10

Dividend

Metric ASTL NWPX Steel median
Dividend yield 2.52% — 2.48%
Payout ratio 0.25 0.00 0.04

Size

Metric ASTL NWPX Steel median
Market cap 442.72m 976.63m 1.46b

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