Algoma Retained Earnings vs Common Stock Analysis

ASTLW Stock

USD 1.62 0.11 6.36%

Algoma Steel financial indicator trend analysis is way more than just evaluating Algoma Steel Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Algoma Steel Group is a good investment. Please check the relationship between Algoma Steel Retained Earnings and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Steel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Retained Earnings vs Common Stock

Retained Earnings vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Algoma Steel Group Retained Earnings account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Algoma Steel's Retained Earnings and Common Stock is 0.53. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock in the same time period over historical financial statements of Algoma Steel Group, assuming nothing else is changed. The correlation between historical values of Algoma Steel's Retained Earnings and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Algoma Steel Group are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Retained Earnings i.e., Algoma Steel's Retained Earnings and Common Stock go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Common Stock

Most indicators from Algoma Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Algoma Steel Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Steel Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, Algoma Steel's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 0.97 in 2024, whereas Selling General Administrative is likely to drop slightly above 98 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	3.8B	2.8B	2.8B	2.7B
Depreciation And Amortization	87.1M	98.9M	118.3M	83.9M

Total Revenue Depreciation And Amortization

Algoma Steel fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Long Term Debt Total	Long Term Debt	Net Receivables	Other Current Assets	Net Invested Capital
Total Assets		-0.03	-0.03	0.86	0.38	-0.71	0.62	0.75	0.48	0.23	0.27	0.41	0.48	-0.59	-0.64	0.76	-0.02	-0.58	0.75	-0.28	0.94	-0.92	-0.96	0.71	-0.16	0.99
Other Current Liab	-0.03		0.94	-0.27	0.39	-0.18	-0.45	0.11	-0.22	0.4	-0.4	0.18	-0.22	0.19	-0.64	-0.23	0.67	0.41	-0.31	0.37	0.0	0.08	0.05	-0.08	0.21	0.01
Total Current Liabilities	-0.03	0.94		-0.18	0.09	-0.11	-0.3	0.01	0.03	0.11	-0.15	0.34	0.03	0.11	-0.64	-0.22	0.44	0.22	-0.1	0.12	0.03	0.05	0.04	0.03	0.06	0.01
Total Stockholder Equity	0.86	-0.27	-0.18		0.01	-0.36	0.92	0.44	0.52	-0.22	0.68	0.61	0.52	-0.76	-0.5	0.85	-0.46	-0.9	0.89	-0.69	0.81	-0.91	-0.91	0.72	-0.26	0.85
Property Plant And Equipment Net	0.38	0.39	0.09	0.01		-0.46	-0.24	0.51	-0.52	0.94	-0.61	-0.15	-0.52	0.05	-0.36	0.24	0.72	0.36	-0.32	0.59	0.24	-0.25	-0.29	-0.11	0.39	0.38
Net Debt	-0.71	-0.18	-0.11	-0.36	-0.46		0.02	-0.98	-0.39	-0.43	0.35	0.19	-0.39	0.25	0.62	-0.15	-0.52	0.01	-0.36	-0.33	-0.82	0.63	0.66	-0.71	0.32	-0.69
Retained Earnings	0.62	-0.45	-0.3	0.92	-0.24	0.02		0.07	0.45	-0.45	0.89	0.7	0.45	-0.7	-0.22	0.83	-0.75	-0.97	0.83	-0.89	0.53	-0.7	-0.69	0.49	-0.17	0.62
Accounts Payable	0.75	0.11	0.01	0.44	0.51	-0.98	0.07		0.3	0.45	-0.3	-0.18	0.3	-0.34	-0.63	0.27	0.48	-0.09	0.37	0.29	0.84	-0.71	-0.73	0.7	-0.36	0.73
Cash	0.48	-0.22	0.03	0.52	-0.52	-0.39	0.45	0.3		-0.51	0.49	0.26	1.0	-0.31	-0.22	0.17	-0.41	-0.53	0.84	-0.5	0.6	-0.41	-0.44	0.71	-0.44	0.48
Non Current Assets Total	0.23	0.4	0.11	-0.22	0.94	-0.43	-0.45	0.45	-0.51		-0.73	-0.27	-0.51	0.19	-0.22	0.09	0.78	0.52	-0.44	0.72	0.12	-0.07	-0.11	-0.26	0.29	0.21
Non Currrent Assets Other	0.27	-0.4	-0.15	0.68	-0.61	0.35	0.89	-0.3	0.49	-0.73		0.75	0.49	-0.56	-0.03	0.58	-0.92	-0.91	0.74	-1.0	0.22	-0.39	-0.36	0.31	-0.22	0.27
Other Assets	0.41	0.18	0.34	0.61	-0.15	0.19	0.7	-0.18	0.26	-0.27	0.75		0.26	-0.56	-0.44	0.68	-0.49	-0.71	0.57	-0.78	0.32	-0.48	-0.47	0.21	-0.02	0.41
Cash And Short Term Investments	0.48	-0.22	0.03	0.52	-0.52	-0.39	0.45	0.3	1.0	-0.51	0.49	0.26		-0.31	-0.22	0.17	-0.41	-0.53	0.84	-0.5	0.6	-0.41	-0.44	0.71	-0.44	0.48
Common Stock Shares Outstanding	-0.59	0.19	0.11	-0.76	0.05	0.25	-0.7	-0.34	-0.31	0.19	-0.56	-0.56	-0.31		0.45	-0.68	0.36	0.76	-0.66	0.57	-0.64	0.78	0.73	-0.59	0.49	-0.54
Non Current Liabilities Total	-0.64	-0.64	-0.64	-0.5	-0.36	0.62	-0.22	-0.63	-0.22	-0.22	-0.03	-0.44	-0.22	0.45		-0.36	-0.36	0.27	-0.4	0.07	-0.7	0.69	0.7	-0.61	0.25	-0.66
Inventory	0.76	-0.23	-0.22	0.85	0.24	-0.15	0.83	0.27	0.17	0.09	0.58	0.68	0.17	-0.68	-0.36		-0.4	-0.79	0.64	-0.59	0.6	-0.8	-0.8	0.31	-0.12	0.75
Other Stockholder Equity	-0.02	0.67	0.44	-0.46	0.72	-0.52	-0.75	0.48	-0.41	0.78	-0.92	-0.49	-0.41	0.36	-0.36	-0.4		0.76	-0.56	0.9	0.03	0.12	0.09	-0.1	0.16	-0.01
Total Liab	-0.58	0.41	0.22	-0.9	0.36	0.01	-0.97	-0.09	-0.53	0.52	-0.91	-0.71	-0.53	0.76	0.27	-0.79	0.76		-0.87	0.92	-0.56	0.72	0.7	-0.55	0.39	-0.57
Total Current Assets	0.75	-0.31	-0.1	0.89	-0.32	-0.36	0.83	0.37	0.84	-0.44	0.74	0.57	0.84	-0.66	-0.4	0.64	-0.56	-0.87		-0.74	0.78	-0.77	-0.78	0.78	-0.43	0.74
Intangible Assets	-0.28	0.37	0.12	-0.69	0.59	-0.33	-0.89	0.29	-0.5	0.72	-1.0	-0.78	-0.5	0.57	0.07	-0.59	0.9	0.92	-0.74		-0.24	0.41	0.38	-0.32	0.23	-0.29
Common Stock	0.94	0.0	0.03	0.81	0.24	-0.82	0.53	0.84	0.6	0.12	0.22	0.32	0.6	-0.64	-0.7	0.6	0.03	-0.56	0.78	-0.24		-0.93	-0.95	0.87	-0.42	0.91
Short Long Term Debt Total	-0.92	0.08	0.05	-0.91	-0.25	0.63	-0.7	-0.71	-0.41	-0.07	-0.39	-0.48	-0.41	0.78	0.69	-0.8	0.12	0.72	-0.77	0.41	-0.93		0.99	-0.78	0.42	-0.89
Long Term Debt	-0.96	0.05	0.04	-0.91	-0.29	0.66	-0.69	-0.73	-0.44	-0.11	-0.36	-0.47	-0.44	0.73	0.7	-0.8	0.09	0.7	-0.78	0.38	-0.95	0.99		-0.77	0.35	-0.94
Net Receivables	0.71	-0.08	0.03	0.72	-0.11	-0.71	0.49	0.7	0.71	-0.26	0.31	0.21	0.71	-0.59	-0.61	0.31	-0.1	-0.55	0.78	-0.32	0.87	-0.78	-0.77		-0.52	0.68
Other Current Assets	-0.16	0.21	0.06	-0.26	0.39	0.32	-0.17	-0.36	-0.44	0.29	-0.22	-0.02	-0.44	0.49	0.25	-0.12	0.16	0.39	-0.43	0.23	-0.42	0.42	0.35	-0.52		-0.11
Net Invested Capital	0.99	0.01	0.01	0.85	0.38	-0.69	0.62	0.73	0.48	0.21	0.27	0.41	0.48	-0.54	-0.66	0.75	-0.01	-0.57	0.74	-0.29	0.91	-0.89	-0.94	0.68	-0.11

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Algoma Retained Earnings vs Common Stock Analysis

Retained Earnings vs Common Stock

Retained Earnings vs Common Stock Correlation Analysis

Correlation Coefficient

Retained Earnings

Common Stock

Algoma Steel fundamental ratios Correlations

Algoma Steel Account Relationship Matchups

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Cash And Short Term Investments	+ 1.0	Cash
Net Invested Capital	+ 0.99	Total Assets
Long Term Debt	+ 0.99	Short Long Term Debt Total
Common Stock	+ 0.94	Total Assets
Total Current Liabilities	+ 0.94	Other Current Liab
Non Current Assets Total	+ 0.94	Property Plant And Equipment Net

Intangible Assets	- 1.0	Non Currrent Assets Other
Accounts Payable	- 0.98	Net Debt
Total Liab	- 0.97	Retained Earnings
Long Term Debt	- 0.96	Total Assets
Long Term Debt	- 0.95	Common Stock
Net Invested Capital	- 0.94	Long Term Debt