Posted by admin on Aug 12th, 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 businesses based on the strength of its valuation, analyst recommendations, earnings, dividends, risk, profitability and institutional ownership.

This is a summary of recent ratings for Algoma Steel Group and its peers, as reported by MarketBeat.com.

Algoma Steel Group presently has a consensus target price of $16.00, indicating a potential upside of 71.49%. As a group, “Blast furnaces & steel mills” companies have a potential upside of 26.70%. Given Algoma Steel Group’s stronger consensus rating and higher possible upside, equities analysts clearly believe Algoma Steel Group is more favorable than its peers.

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

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

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

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.

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.

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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