Algoma Steel Group Inc.

TSX:ASTL Stock Report

Market Cap: CA$1.5b

Algoma Steel Group Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Mike Garcia

Chief executive officer

CA$5.6m

Total compensation

CEO salary percentage18.1%
CEO tenure2.5yrs
CEO ownershipn/a
Management average tenure1.8yrs
Board average tenure3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Garcia's remuneration changed compared to Algoma Steel Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$157m

Jun 30 2024n/an/a

-CA$20m

Mar 31 2024CA$6mCA$1m

CA$105m

Dec 31 2023n/an/a

CA$57m

Sep 30 2023n/an/a

CA$72m

Jun 30 2023n/an/a

CA$128m

Mar 31 2023CA$3mCA$839k

CA$299m

Compensation vs Market: Mike's total compensation ($USD3.88M) is above average for companies of similar size in the Canadian market ($USD1.79M).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.

CEO

Mike Garcia (59 yo)

2.5yrs

Tenure

CA$5,581,132

Compensation

Mr. Michael Dennis Garcia, also known as Mike, serves as Chief Executive Officer and Director at Algoma Steel Group Inc since June 01, 2022. He had been the President of Domtar Pulp and Paper at Domtar Cor...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Garcia
CEO & Director2.5yrsCA$5.58mno data
Rajat Marwah
Chief Financial Officer12.9yrsCA$1.58mno data
John Naccarato
VP of Strategy & Chief Legal Officerno dataCA$1.60m0.014%
CA$ 211.4k
Mike Panzeri
Senior Vice President of Production1.5yrsCA$1.50mno data
Michael Moraca
Treasurer & Investor Relations Officerno datano datano data
Danielle Baker
Chief Human Resource Officer1.8yrsno datano data
Chris Ford
Chief Commercial Officerless than a yearno datano data

1.8yrs

Average Tenure

57yo

Average Age

Experienced Management: ASTL's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Michael Garcia
CEO & Director2.5yrsCA$5.58mno data
Eric Rosenfeld
Independent Director3.2yrsCA$430.90k1.99%
CA$ 29.3m
James Gouin
Independent Director3.2yrsCA$464.77kno data
Ave Lethbridge
Independent Director2.3yrsCA$306.28kno data
Andrew Harshaw
Independent Chairman3.3yrsCA$942.78kno data
Gale Rubenstein
Independent Director3.2yrsCA$333.22kno data
David Sgro
Independent Director3.2yrsCA$312.35k0.46%
CA$ 6.8m
Sean Donnelly
Independent Directorless than a yearno datano data
Sanjay Nakra
Independent Director2.3yrsCA$472.43kno data
Mary Bueschkens
Independent Director3.2yrsCA$430.06kno data

3.2yrs

Average Tenure

63yo

Average Age

Experienced Board: ASTL's board of directors are considered experienced (3.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 02:37
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Algoma Steel Group Inc. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David GaglianoBMO Capital Markets Equity Research
Alexander Robert PearceBMO Capital Markets Equity Research
David OcampoCormark Securities Inc.