Algoma Central (ALC) Stock Price, News & Analysis

Company Overview

Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada. The company operates through Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Global Short Sea Shipping, and Investment Properties segments. The company operates dry-bulk carriers for industrial sectors, including producers in iron and steel, aggregate, cement and building materials, and salt producers as well as, agricultural product distributors. It also provides transportation services for liquid petroleum products throughout the Great Lakes, St. Lawrence Seaway, and Atlantic Canada regions. In addition, the company operates ocean self-unloading vessels; three global fleets, including fleet of specialized cement carriers, short sea mini bulkers, and hand-size bulkers; and provides specialized equipment or services on niche marine transportation markets. The company was formerly known as Algoma Central Railway and changed its name to Algoma Central Corporation in 1990. Algoma Central Corporation was incorporated in 1899 and is headquartered in Saint Catharines, Canada.

Key Stats

• Today's Range: C$15.08 to C$15.44
• 50-Day Range: C$14.21 to C$15.44
• 52-Week Range: C$14.03 to C$15.60
• Volume: 10,124 shs
• Average Volume: 11,583 shs
• Market Capitalization: C$614.64 million
• P/E Ratio: 9.13
• Dividend Yield: 5.02%
• Price Target: C$19.50
• Consensus Rating: N/A

Algoma Central Stock Analysis - MarketRank™

Algoma Central scored higher than 43% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5

Amount of Analyst Coverage

Algoma Central has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Algoma Central is 9.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of Algoma Central is 9.13, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 486.88.

Price to Book Value per Share Ratio

Algoma Central has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ALC.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Algoma Central is a leading dividend payer. It pays a dividend yield of 5.12%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Algoma Central does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Algoma Central is 45.78%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ALC.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Algoma Central this week, compared to 0 articles on an average week.

Search Interest

13 people have searched for ALC on MarketBeat in the last 30 days. This is an increase of 44% compared to the previous 30 days.

MarketBeat Follows

1 people have added Algoma Central to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Algoma Central insiders have not sold or bought any company stock.

Percentage Held by Insiders

54.61% of the stock of Algoma Central is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 16.69% of the stock of Algoma Central is held by institutions.

ALC Stock Analysis - Frequently Asked Questions

How have ALC shares performed this year?

Algoma Central's stock was trading at C$14.95 at the start of the year. Since then, ALC shares have increased by 1.3% and is now trading at C$15.15.
View the best growth stocks for 2024 here.

How were Algoma Central's earnings last quarter?

Algoma Central Co. (TSE:ALC) released its earnings results on Friday, August, 2nd. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.81 by $0.37. The company had revenue of $180.97 million for the quarter, compared to analysts' expectations of $215.80 million. Algoma Central had a net margin of 9.98% and a trailing twelve-month return on equity of 9.14%.

How do I buy shares of Algoma Central?

Shares of ALC stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Algoma Central own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Algoma Central investors own include Toronto-Dominion Bank (TD), BCE (BCE), Royal Bank of Canada (RY), Great-West Lifeco (GWO), Pembina Pipeline (PPL), Chemtrade Logistics Income Fund (CHE.UN) and Enbridge (ENB).

Company Calendar

• Last Earnings: 8/02/2024
• Ex-Dividend for 9/3 Dividend: 8/20/2024
• Dividend Payable: 9/03/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/01/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Industrials
• Industry: Marine Shipping
• Sub-Industry: Medical Equipment
• Current Symbol: TSE:ALC
• CUSIP: N/A
• CIK: N/A
• Web: www.algonet.com
• Phone: +1-905-6877888
• Fax: N/A
• Employees: 25,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$19.50
• High Stock Price Target: C$19.50
• Low Stock Price Target: C$19.50
• Potential Upside/Downside: +28.7%
• Rating Score (0-4): 0.00
• Research Coverage: 0 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.66
• Trailing P/E Ratio: 9.13
• Forward P/E Ratio: 7.98
• P/E Growth: N/A
• Net Income: C$69.58 million
• Net Margins: 9.98%
• Pretax Margin: N/A
• Return on Equity: 9.14%
• Return on Assets: 2.62%

Debt

• Debt-to-Equity Ratio: 56.47
• Current Ratio: 0.65
• Quick Ratio: 2.06

Sales & Book Value

• Annual Sales: C$697.39 million
• Price / Sales: 0.88
• Cash Flow: C$3.32 per share
• Price / Cash Flow: 4.57
• Book Value: C$19.77 per share
• Price / Book: 0.77

Miscellaneous

• Outstanding Shares: 40,570,000
• Free Float: N/A
• Market Cap: C$614.64 million
• Optionable: Not Optionable
• Beta: 0.72