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← CockpitCompetitor Analysis › ASTL.TO Algoma Steel Group Inc.Open in the cockpit ↗

Algoma Steel Group Inc.ASTL.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Metal Fabrication
Momentum leader 95
Mkt cap
$573M
US dollars, full cap
Free float
93%
of shares outstanding
$/day
$3.77M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-55.7 pp
WACC 7.3%
Hurdle
n/a
no reverse DCF
Next earnings
131 days
17 Mar 2027
Close · CADC$7.60
1D+8.6%
1W+13.9%
1M+25.6%
3M+33.8%
6M+7.0%
YTD+34.5%
1Y+34.8%
ATR %5.9%
52w lowhigh6.9% off high

What Algoma Steel does

Employees: 2,400

Algoma Steel at a glance

Size Algoma Steel (ASTL.TO) is a Canada Materials company (Metal Fabrication) with a market value of $573M, the 321st largest of 420 Canada companies the cockpit tracks. Shares closed at C$7.60 on 6 Nov 2026.

Performance Over six months the shares gained 7.0%, against -16.0% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue fell 42.9% over the last twelve months (peer median +50.5%); the operating margin is -62.0% (peer median 25.9%).

Valuation It trades at 1.4× enterprise value to sales against a peer median of 2.0× (5th cheapest of 11).

Capital Return on invested capital runs 55.7 points below its cost of capital (7.3% WACC).

Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026ASTL.TO 108Peer median 82
Six months, rebased to 100: Algoma Steel against the median of its 20 peers (local-currency closes).

Algoma Steel financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2022FY2021
RevenueC$1.27BC$2.09BC$2.45BC$2.78BC$3.81B
Revenue growth—-15%-12%-27%—
Gross profit-C$694M-C$668M-C$162MC$386MC$1.51B
EBITDA-C$473M-C$421M-C$157MC$386MC$1.50B
Net income-C$750M-C$985M-C$223MC$298MC$858M
Free cash flow-C$228M-C$443M-C$363M-C$156MC$1.06B
Capital expenditureC$153MC$328MC$300MC$334MC$168M
Total debtC$1.15BC$917MC$660MC$123MC$95.3M

Quarterly statements and history in the cockpit →

Algoma Steel competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%+100%-20%0%+20%GRZAPMBYNMNOISOLMCUGSKRTLGIFPMARIGAUGORONFGCLCFSFFHSTRMKOASTL.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Algoma Steel is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%0×2.5×5×7.5×APMIFPGAUGOROLCFSTHXSCZMKOASTL.TORevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Algoma Steel is the large dot.

Algoma Steel competitors and peer comparison

How Algoma Steel compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Algoma Steel against its 20 peers (data as of 6 Nov 2026)
MeasureASTL.TOPeer medianRank in peer set
1-month return+25.6%-10.0%2nd highest of 21
6-month return+7.0%-16.0%7th highest of 20
Distance from 52-week high-6.9%-33.5%highest of 21
Revenue growth (TTM)-42.9%+50.5%lowest of 9
Operating margin-62.0%25.9%2nd lowest of 11
EV / Sales1.4×2.0×5th cheapest of 11
ROIC minus cost of capital-55.7 pp-7.6 pplowest of 16

Peer table

Peer set: Sector in the same market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Algoma Steel ASTL.TOCanada$573M+7%-43%-62%1.4×n/an/a
Gold Reserve GRZ.VCanada$560M-19%n/an/an/an/an/a
Andean Precious Metals APM.TOCanada$555M-20%+63%32%1.1×-7.2%+52.9%
Banyan Gold BYN.VCanada$554M+18%n/an/an/an/an/a
Meridian Mining MNO.TOCanada$598M-8%n/an/an/an/an/a
IsoEnergy ISO.TOCanada$549M-30%n/an/an/an/an/a
Lumina Metals LMCU.TOCanada$544M-33%n/an/an/an/an/a
Goldsky Resources GSKR.VCanada$543M-28%n/an/an/an/an/a
Troilus Mining TLG.TOCanada$611M-8%n/an/an/an/an/a
Interfor IFP.TOCanada$634M+42%-7%1%0.6×n/an/a
Thesis Gold & Silver TAU.VCanada$516M-31%n/an/an/an/an/a
Marimaca Copper MARI.TOCanada$652M-18%n/an/an/an/an/a
Galiano Gold GAU.TOCanada$653M+2%+91%44%1.1×-13.8%+51.1%
Goldgroup Mining GORO.VCanada$500M-21%+215%3%8.9×n/an/a
New Found Gold NFGC.TOCanada$662M-16%n/a-233%25.2×n/an/a
Tidewater Renewables LCFS.TOCanada$495M+97%+24%20%2.4×-3.0%+126.4%
First Mining Gold FF.TOCanada$670M+33%n/an/an/an/an/a
Heliostar Metals HSTR.TOCanada$475M+10%n/a22%3.5×15.3%n/a
Thor Explorations THX.VCanada$466M-26%+29%63%0.8×n/an/a
Santacruz Silver Mining SCZ.TOCanada$707Mn/a+38%30%1.6×7.1%+59.3%
Mako Mining MKO.VCanada$712M+7%+79%41%3.1×1.5%+156.3%

Questions

Which companies are Algoma Steel's closest peers?
The cockpit's peer set: Gold Reserve (GRZ.V), Andean Precious Metals (APM.TO), Banyan Gold (BYN.V), Meridian Mining (MNO.TO), IsoEnergy (ISO.TO), Lumina Metals (LMCU.TO), Goldsky Resources (GSKR.V), Troilus Mining (TLG.TO).
Is Algoma Steel expensive compared with its peers?
On ev / sales it trades at 1.4× against a peer median of 2.0×, 5th cheapest of 11 in its peer set.
How has Algoma Steel stock performed?
Over six months to 6 Nov 2026 the shares returned +7.0% against -16.0% for the median peer; over one year +34.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.