ASTLNasdaqSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)Fiscal year ends March 31Also trades as ASTLW
Algoma Steel Group Inc.
Financials through fiscal 2024, year ended Mar 31, 2024Last filing: 40-F on Mar 12, 2026
$4.13+0.10 (+2.48%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2019 to 2024
Gross margin
10.1%
Operating margin
6.0%
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.6% | +15.9% | – | – | |
| Gross profit | -27.6% | +21.5% | – | – | |
| Operating income | -42.4% | +25.4% | – | – | |
| EPS, diluted | -59.1% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Current ratio | – | – | 2.95 | |
| Interest coverage | – | – | 6.5× | |
| Inventory turnover | – | – | 3.3× | |
| Capex to revenue | – | – | 17.5% | |
| Diluted shares | – | – | 0M |
Where the cash went
Fiscal 2020 to 2024, five years combined
Algoma Steel generated C$1.75B from operations and spent C$1.28B on capital expenditure, dividends and share buybacks. 95% of that went back into the business.
Generated
C$1.75B
Used
C$1.28B
Capital expenditureC$1.21B95%DividendsC$67.90M5%Share buybacksC$00%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
3of 5 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zeroC$294.90M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net incomeC$294.90M vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.98 → 2.95
- No dilutionShare count did not rise147M → 0M
- Gross margin improvedGross margin up on the prior year14.03% → 10.10%
- More efficientAsset turnover rose1.03 → 1.14