Algoma Steel Group Inc (ASTL) - Net Assets
Based on the latest financial reports, Algoma Steel Group Inc (ASTL) has net assets worth CA$345.90 Million CAD (≈ $250.22 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.00 Billion ≈ $1.45 Billion USD) and total liabilities (CA$1.66 Billion ≈ $1.20 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Algoma Steel Group Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$345.90 Million |
| % of Total Assets | 17.28% |
| Annual Growth Rate | N/A |
| 5-Year Change | -68.97% |
| 10-Year Change | N/A |
| Growth Volatility | 311.59 |
Algoma Steel Group Inc - Net Assets Trend (2013–2026)
This chart illustrates how Algoma Steel Group Inc's net assets have evolved over time, based on quarterly financial data. See how many days can Algoma Steel Group Inc fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Algoma Steel Group Inc (2013–2026)
The table below shows the annual net assets of Algoma Steel Group Inc from 2013 to 2026. For live valuation and market cap data, see Algoma Steel Group Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | CA$491.10 Million ≈ $355.25 Million |
-67.44% |
| 2025-03-31 | CA$1.51 Billion ≈ $1.09 Billion |
+0.41% |
| 2024-03-31 | CA$1.50 Billion ≈ $1.09 Billion |
+2.75% |
| 2023-03-31 | CA$1.46 Billion ≈ $1.06 Billion |
-7.61% |
| 2022-03-31 | CA$1.58 Billion ≈ $1.14 Billion |
+810.59% |
| 2021-03-31 | CA$173.80 Million ≈ $125.72 Million |
-42.05% |
| 2020-03-31 | CA$299.90 Million ≈ $216.94 Million |
+156.49% |
| 2014-03-31 | CA$-530.90 Million ≈ $-384.04 Million |
-76.85% |
| 2013-03-31 | CA$-300.20 Million ≈ $-217.16 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Algoma Steel Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 13790000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$975.50 Million | 198.64% |
| Other Comprehensive Income | CA$414.40 Million | 84.38% |
| Total Equity | CA$491.10 Million | 100.00% |
Algoma Steel Group Inc Competitors by Market Cap
The table below lists competitors of Algoma Steel Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greenlight Capital Re Ltd
NASDAQ:GLRE
|
$513.08 Million |
|
Fuchun Technology Co Ltd
SHE:300299
|
$513.14 Million |
|
Zhejiang Yueling Co Ltd
SHE:002725
|
$513.21 Million |
|
MH Robot & Automation Co. Ltd.
SHE:301199
|
$513.28 Million |
|
OPTHEA LTD (SP.ADR/8)
F:UKJ2
|
$512.99 Million |
|
Kearny Financial Corp
NASDAQ:KRNY
|
$512.49 Million |
|
Anhui Jiuhuashan Tourism Dvlp
SHG:603199
|
$512.44 Million |
|
JiangSu JiangHuai Engine Co Ltd
SHE:000816
|
$512.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Algoma Steel Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 1,508,500,000 to 491,100,000, a change of -1,017,400,000 (-67.4%).
- Net loss of 984,900,000 reduced equity.
- Dividend payments of 14,800,000 reduced retained earnings.
- Other comprehensive income decreased equity by 25,200,000.
- Other factors increased equity by 7,500,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-984.90 Million | -200.55% |
| Dividends Paid | CA$14.80 Million | -3.01% |
| Other Comprehensive Income | CA$-25.20 Million | -5.13% |
| Other Changes | CA$7.50 Million | +1.53% |
| Total Change | CA$- | -67.44% |
Book Value vs Market Value Analysis
This analysis compares Algoma Steel Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | CA$-0.60 | CA$6.73 | x |
| 2014-03-31 | CA$-1.06 | CA$6.73 | x |
| 2020-03-31 | CA$2.03 | CA$6.73 | x |
| 2021-03-31 | CA$1.17 | CA$6.73 | x |
| 2022-03-31 | CA$10.70 | CA$6.73 | x |
| 2023-03-31 | CA$9.95 | CA$6.73 | x |
| 2024-03-31 | CA$11.30 | CA$6.73 | x |
| 2025-03-31 | CA$13.90 | CA$6.73 | x |
| 2026-03-31 | CA$4.52 | CA$6.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Algoma Steel Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -200.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -47.22%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 4.31x
- Recent ROE (-200.55%) is below the historical average (-26.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | -10.90% | 0.99x | 0.00x | CA$-173.28 Million |
| 2014 | 0.00% | -17.51% | 0.99x | 0.00x | CA$-260.71 Million |
| 2020 | -58.65% | -8.99% | 1.07x | 6.10x | CA$-205.89 Million |
| 2021 | -43.79% | -4.24% | 1.16x | 8.94x | CA$-93.48 Million |
| 2022 | 54.20% | 22.54% | 1.41x | 1.70x | CA$699.44 Million |
| 2023 | 20.41% | 10.74% | 1.13x | 1.68x | CA$152.28 Million |
| 2024 | 7.00% | 3.76% | 1.04x | 1.78x | CA$-45.04 Million |
| 2025 | -14.76% | -9.07% | 0.77x | 2.11x | CA$-373.52 Million |
| 2026 | -200.55% | -47.22% | 0.99x | 4.31x | CA$-1.03 Billion |
Industry Comparison
This section compares Algoma Steel Group Inc's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $529,828,100
- Average return on equity (ROE) among peers: -8.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Algoma Steel Group Inc (ASTL) | CA$345.90 Million | 0.00% | 4.79x | $513.07 Million |
| Champion Iron Ltd (CIA) | $1.16 Billion | 44.98% | 0.71x | $1.56 Billion |
| Labrador Iron Ore Royalty Corp (LIF) | $413.15 Million | 18.17% | 0.31x | $1.34 Billion |
| Tree Island Steel Ltd. (TSL) | $14.64 Million | -87.85% | 5.22x | $44.36 Million |
About Algoma Steel Group Inc
Algoma Steel Group Inc. produces and sells steel products in Canada, the United States, and internationally. The company offers flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural tube product manufacturers, and the light manufacturing and transportation indu… Read more