Algoma Steel Group/$ASTL
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About Algoma Steel Group
Algoma Steel Group Inc is a fully integrated steel producer of hot and cold rolled steel products, including coiled sheet and plate, strategically located. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights. The company's revenue is generated from contracts to produce, ship, and deliver steel products Geographically it serves Canada, the United States, and the rest of the world, whilst driving key revenue from United States. The company generates the majority of its revenue from the sale of Steel sheets and strips.
- Ticker
- $ASTL
- Sector
- Materials
- Primary listing
- NASDAQ
- Employees
- 2,400
- Headquarters
- Sault Sainte Marie, Canada
- Website
- algoma.com
ASTL Metrics
BasicAdvanced
$434M
-
-$7.14
1.64
-
Price and volume
Market cap
$434M
Beta
1.64
52-week high
$5.90
52-week low
$3.02
Average daily volume
938K
Financial strength
Current ratio
2.49
Quick ratio
1.205
Long term debt to equity
3.431
Total debt to equity
3.68
Interest coverage (TTM)
-11.76%
Profitability
EBITDA (TTM)
-356.604
Gross margin (TTM)
-45.53%
Net profit margin (TTM)
-71.61%
Operating margin (TTM)
-54.77%
Effective tax rate (TTM)
18.48%
Revenue per employee (TTM)
$450,240
Management effectiveness
Return on assets (TTM)
-21.09%
Return on equity (TTM)
-139.13%
Valuation
Price to revenue (TTM)
0.412
Price to book
1.47
Price to tangible book (TTM)
1.47
Price to free cash flow (TTM)
-1.742
Free cash flow yield (TTM)
-57.41%
Free cash flow per share (TTM)
-2.359
Growth
Revenue change (TTM)
-32.82%
Earnings per share change (TTM)
236.70%
What the Analysts think about ASTL
Analyst ratings (Buy, Hold, Sell) for Algoma Steel Group stock.
Analyst projections of the future price of Algoma Steel Group stock.
Bulls say / Bears say
Algoma’s first electric arc furnace is running around the clock, while the second is nearing completion and is expected to begin producing steel in the third quarter. Once fully ramped, the converted site should provide about 3.7 million tons of annual raw-steel capacity with roughly 70% lower emissions. (Stock Titan)
The turnaround is beginning to show in unit economics: average net sales realisation rose 20.2% year on year to C$1,361 per ton, while adjusted EBITDA turned positive at C$13.8 million. The C$54.7 million capacity-utilisation charge was down from C$90.2 million in the previous quarter and management expects it to disappear by the fourth quarter. (Stock Titan, Exa)
Algoma is concentrating on discrete plate, where it is Canada’s only producer, rather than competing as heavily in oversupplied coil. Plate shipments reached a second consecutive record and Canadian infrastructure, construction and defence demand remained healthy; Canadian retaliation against US steel imports could further support domestic sourcing. (Exa, The Globe and Mail)
The transition has caused a severe near-term volume shock: second-quarter shipments fell to about 181,000 tons from 472,000 a year earlier, and revenue dropped to C$267.5 million from C$589.7 million. Algoma still reported a C$96 million net loss and a C$134.2 million operating loss, so the improvement in adjusted EBITDA has not yet reached the bottom line. (Stock Titan, Stock Observer)
Liquidity relies heavily on borrowing while earnings remain weak: Algoma held only C$62.6 million of cash at quarter-end, with total available liquidity of about C$437 million including undrawn facilities. It also received C$124.5 million of government-loan advances during the quarter, while shareholders’ equity fell to C$295.6 million from C$491.1 million at the end of 2025. (Stock Titan)
The new operating model remains exposed to execution and infrastructure risk: an unplanned turbine outage halted EAF production in August. Production resumed under interim power arrangements, but the turbine remained unavailable and Algoma was still assessing the effect on production and shipments. (GlobeNewswire)
Data summarised monthly by Lightyear AI. Last updated on 20 Sept 2026.
ASTL Financial Performance
Revenues and expenses
ASTL Earnings Performance
Company profitability
Upcoming events
No upcoming events
ASTL News
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