Algoma Steel Group Inc.
Algoma Steel Group Inc. Common Shares represent equity ownership in Algoma Steel Group Inc., a North American steel producer headquartered in Sault Ste. Marie, Ontario. The company focuses on the production of hot-rolled and cold-rolled steel products, including sheet and plate, serving customers across construction, manufacturing, energy, infrastructure, and distribution channels. Algoma Steel Group Inc. operates as a fully integrated steelmaker with electric arc furnace and rolling mill capabilities, using scrap and direct reduced iron as key inputs in its production process. Its common shares provide exposure to a business centered on essential steel materials used in industrial and commercial applications. Algoma Steel Group Inc. is a publicly traded issuer in the Canadian and U.S. markets, and its share class is a standard common equity instrument within the basic materials sector.
$4.49
+$0.38 (+9.25%)
EOD Oct 21, 2026
The business is unprofitable at the operating level (-37.25% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 25.4% YoY. Margins deteriorated 43.2pp alongside, both lines moving the wrong way.
ROIC dropped from 7.51% to -40.90%, capital efficiency is deteriorating. Negative free cash flow of -C$395M. The business is consuming cash, not generating it.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
C$1.54B
▼ -25.4% YoY
Net Income (TTM)
-C$1.11B
▼ -1036.2% YoY
Op. Margin
-54.41%
▼ -43.2pp YoY
ROIC
-40.90%
▼ -48.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-C$365M
▼ -102.2% YoY
Op. Cash Flow (TTM)
-C$212M
▼ -121.6% YoY
Net Debt
C$785M
Cash & Equiv.
C$78M
3Y CAGR: -18.2%
Continue Research
Is Algoma Steel Group (ASTL) overvalued?
Algoma Steel Group (ASTL)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Algoma Steel Group scores 10/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Algoma Steel Group a high-quality business?+
Algoma Steel Group scores 10 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -54.4% operating margin and a -40.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Algoma Steel Group a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh ASTL's valuation and scores 10/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Steel
Spot a number that looks wrong?
Download this analysis as a PDF (Pro)
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Keep analysing ASTL
Create a free account and get 14 days of Premium: every stock and every tool.
- Unlimited stocks
- Stock screener
- Portfolio tracker
- Editable DCF
- Compare side by side
- Unlimited alerts
No card. Moves to Free after, unless you upgrade.
Already have an account?
Or come back tomorrow. Stocks on your watchlist are always free to view.