Algoma Steel Group Ord Shs T.ASTL

ASTL: Its EV at C$9 is 1 times the adj. EBITDA !!!

[stockfy]

ASTL must be the cheapest steelmaker now at C$9. Algoma's Enterprise Value now at C$9 is only 1 times the estimated adj. EBITDA for this year (FY 2023) while all the other steelmakers on the NYSE and Nasdaq trade from 5 to 14 their adj. EBITDA.

The recent fire that weighed on the production has been overplayed although it's an one-time event, and investors fail to realize all the positives including ASTL's strong profitability and insanely low multiples.

ASTL can go vertical at any time because the valuation gap is tremendous.

[stockfy]

Given that the fire is behind us and the repair has been largely completed, estimated adj. EBITDA for FY 2023 is about C$650-C$750 million. Therefore, it's easy to calculate that ASTL's current Enterprise Value is only 1 times this year's est. adj. EBITDA. Estimated adj. EBITDA for the first six months of FY 2023 was C$440 million:     https://ir.algoma.com/news

[Stocker46]

You're living in the past Stockfy. Algoma had some very good quarters over the past year (excluding the last quarter). Most Steel companies experienced the same due to record high product prices. You state "Estimated adj. EBITDA for the first six months of FY 2023 was C$440 million". This is not an estimate, it's an actual number made up of approx. $353M in 1st Q 2023 & $87M

[stockfy]

stocker, I will post it again while deleting the word "estimated" from the adj. EBITDA for the first six months of FY 2023 (good catch by the way), so: Given that the fire is behind us and the repair has been largely completed, estimated adj. EBITDA for FY 2023 is about C$650-C$750 million. Therefore, it's easy to calculate that ASTL's current Enterprise Value is only 1