Posted by admin on Aug 18th, 2022

Algoma Steel Group (NASDAQ:ASTL – Get Rating) is one of 27 public companies in the “Blast furnaces & steel mills” industry, but how does it contrast to its peers? We will compare Algoma Steel Group to similar companies based on the strength of its analyst recommendations, institutional ownership, valuation, risk, dividends, profitability and earnings.

Algoma Steel Group pays an annual dividend of $0.20 per share and has a dividend yield of 2.1%. Algoma Steel Group pays out 3.2% of its earnings in the form of a dividend. As a group, “Blast furnaces & steel mills” companies pay a dividend yield of 2.9% and pay out 9.4% of their earnings in the form of a dividend.

Algoma Steel Group has a beta of 1.21, suggesting that its stock price is 21% more volatile than the S&P 500. Comparatively, Algoma Steel Group’s peers have a beta of 1.52, suggesting that their average stock price is 52% more volatile than the S&P 500.

This table compares Algoma Steel Group and its peers gross revenue, earnings per share and valuation.

Algoma Steel Group’s peers have higher revenue and earnings than Algoma Steel Group. Algoma Steel Group is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

This is a breakdown of current recommendations for Algoma Steel Group and its peers, as provided by MarketBeat.com.

Algoma Steel Group currently has a consensus target price of $16.00, indicating a potential upside of 69.31%. As a group, “Blast furnaces & steel mills” companies have a potential upside of 28.35%. Given Algoma Steel Group’s stronger consensus rating and higher probable upside, equities analysts clearly believe Algoma Steel Group is more favorable than its peers.

This table compares Algoma Steel Group and its peers’ net margins, return on equity and return on assets.

63.4% of shares of all “Blast furnaces & steel mills” companies are owned by institutional investors. 3.5% of shares of all “Blast furnaces & steel mills” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Algoma Steel Group peers beat Algoma Steel Group on 8 of the 15 factors compared.

Algoma Steel Group Inc. produces and sells steel products primarily in North America. It provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications. Algoma Steel Group Inc. was founded in 1901 and is headquartered in Sault Ste. Marie, Canada.

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