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Algoma Steel Group Inc
Previous close
$7.78
Day range
$7.74 - $7.92
Year range
$6.35 - $10.25
Market cap
820.44M USD
Avg Volume
446.14K
P/E ratio
42.62
Dividend yield
1.65%
Primary exchange
NASDAQ
Market news
Financials
Income Statement
Revenue
Net income
(CAD) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 615.40M | 8.38% |
Operating expense | 48.10M | 73.65% |
Net income | -84.80M | -21.49% |
Net profit margin | -13.78 | -12.12% |
Earnings per share | -0.48 | 23.76% |
EBITDA | -21.40M | 53.38% |
Effective tax rate | 12.85% | — |
Balance Sheet
Total assets
Total liabilities
(CAD) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 94.70M | -61.30% |
Total assets | 2.65B | 4.03% |
Total liabilities | 1.21B | 12.21% |
Total equity | 1.44B | — |
Shares outstanding | 104.04M | — |
Price to book | 0.56 | — |
Return on assets | -4.94% | — |
Return on capital | -7.92% | — |
Cash Flow
Net change in cash
(CAD) | Dec 2023info | Y/Y change |
---|---|---|
Net income | -84.80M | -21.49% |
Cash from operations | -47.40M | 63.14% |
Cash from investing | -96.50M | -1.37% |
Cash from financing | 24.60M | 186.05% |
Net change in cash | -118.90M | 46.00% |
Free cash flow | -102.06M | 48.93% |
About
Algoma Steel Inc. is an integrated primary steel producer located on the St. Marys River in Sault Ste. Marie, Ontario, Canada. Its products are sold in Canada and the United States as well as overseas. Algoma Steel was founded in 1902 by Francis Clergue, an American entrepreneur who had settled in Sault Ste. Marie. The company emerged from bankruptcy protection in 2004. In April 2007, Algoma Steel was purchased by India's Essar Group for US$ 1.63 billion, continuing operations as a subsidiary known as Essar Steel Algoma Inc. It was purchased again in 2017, by a group of US investors.
In May 2021, it was announced that Algoma "was to become a public company again" as it had agreed a merger with New York–based acquisition firm Legato Merger Corp, which is a NASDAQ-listed special-purpose acquisition company. The deal would give Algoma just over $1.1 billion US worth of new shares in Legato. Wikipedia
Founded
1902
Headquarters
Website
Employees
2,847