Posted by admin on Aug 16th, 2022

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

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

This table compares Algoma Steel Group and its rivals top-line revenue, earnings per share and valuation.

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

This is a breakdown of recent ratings and price targets for Algoma Steel Group and its rivals, as provided by MarketBeat.com.

Algoma Steel Group currently has a consensus price target of $16.00, suggesting a potential upside of 68.42%. As a group, “Blast furnaces & steel mills” companies have a potential upside of 26.91%. Given Algoma Steel Group’s stronger consensus rating and higher possible upside, equities analysts clearly believe Algoma Steel Group is more favorable than its rivals.

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, large money managers and endowments believe a company is poised for long-term growth.

Algoma Steel Group has a beta of 1.22, suggesting that its share price is 22% more volatile than the S&P 500. Comparatively, Algoma Steel Group’s rivals have a beta of 1.52, suggesting 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.

Algoma Steel Group rivals 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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