Algoma Steel Group: Top 10 Undervalued Steel Industry Stocks (ASTL)
Algoma Steel Group is now ranked among the top 10 undervalued stocks in the Steel industry on the Toronto Stock Exchange or TSX Venture Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Steel: Companies that produce coking coal.
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| CSO | Corsa Coal | 0.29 | 0.58 | 0.29 (97.0%) | 116551 | 30.9 | 0.0 | 1.0 |
| ASTL | Algoma Steel Group | 10.76 | 11.17 | 0.41 (3.8%) | 37610 | 1168.5 | 2.5 | 16.8 |
| TSL | Tree Island Steel | 3.15 | 3.21 | 0.06 (1.9%) | 6331 | 87.6 | 3.8 | 11.7 |
All data provided as of April 23, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Algoma Steel Group
Algoma Steel Group Inc is a Canadian company engaged in the production of clean and consistent light gauge steel. The company offers a range of hot and cold rolled steel sheet and plate products. The firm operates in a single segment of basic steel production including sheets, plates, slabs, and freights.
Algoma Steel Group is listed under ASTL on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
