Algoma Steel Group Inc
TSX:ASTL
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (0.7), the stock would be worth CA$3.44 (46% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1.4 | CA$6.4 |
0%
|
| 3-Year Average | 0.7 | CA$3.44 |
-46%
|
| 5-Year Average | 0.8 | CA$3.66 |
-43%
|
| Industry Average | 4.2 | CA$19.65 |
+207%
|
| Country Average | 2.7 | CA$12.4 |
+94%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
A
|
Algoma Steel Group Inc
TSX:ASTL
|
484.8m CAD | 1.4 | -0.7 | |
| ZA |
K
|
Kumba Iron Ore Ltd
JSE:KIO
|
98.3B ZAR | 1.8 | 6.7 | |
| BR |
|
Vale SA
BOVESPA:VALE3
|
365B BRL | 2 | 26.2 | |
| US |
|
Nucor Corp
NYSE:NUE
|
51.5B USD | 2.5 | 29.7 | |
| AU |
|
Fortescue Metals Group Ltd
ASX:FMG
|
61.9B AUD | 2 | 11.3 | |
| AU |
F
|
Fortescue Ltd
XMUN:FVJ
|
37.8B EUR | 2.1 | 11.7 | |
| LU |
|
ArcelorMittal SA
AEX:MT
|
37.5B EUR | 0.8 | 13.7 | |
| IN |
|
JSW Steel Ltd
NSE:JSWSTEEL
|
3.1T INR | 3.7 | 41.7 | |
| US |
|
Steel Dynamics Inc
NASDAQ:STLD
|
32.8B USD | 3.6 | 23.9 | |
| IN |
|
Tata Steel Ltd
NSE:TATASTEEL
|
2.7T INR | 2.8 | 29.4 | |
| KR |
|
Posco Holdings Inc
KRX:005490
|
35.5T KRW | 0.6 | 53.7 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.6 |
| Median | 2.7 |
| 70th Percentile | 4.9 |
| Max | 1 402.4 |
Other Multiples
Algoma Steel Group Inc
Glance View
Algoma Steel Group, Inc. engages in the production of hot and cold rolled steel products. The company is headquartered in Sault Ste. Marie, Ontario. Ltd., is a Canada-based company, which is an integrated producer of hot and cold rolled steel products with its operations located in Canada. The company produces sheet and plate products that are sold primarily to customers in Canada and Midwest United States of America. The firm has a raw steel production capacity of an estimated 2.8 million tons per year. The Company’s mill produces hot rolled sheet steel (HRC) in North America owing in part to its direct strip production complex (DSPC), which is a thin slab caster in North America with direct coupling to a basic oxygen furnace (BOF) melt shop. Algoma delivers its solutions to direct applications in the automotive, construction, energy, defense, and manufacturing sectors. Its subsidiaries include Algoma Steel Holdings Inc., Algoma Steel Inc., Algoma Steel Inc. USA, Algoma Docks GP Inc., Algoma Steel Intermediate Holdings Inc. and Legato Merger Corp.
