Algoma Central
Market Cap
CA$379.9m
Last Updated
2020/09/30 23:52 UTC
Data Sources
Company Financials +
Executive Summary
Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Share Price & News
How has Algoma Central's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ALC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.2%
ALC
3.9%
CA Shipping
1.1%
CA Market
1 Year Return
-25.6%
ALC
-35.4%
CA Shipping
-5.8%
CA Market
Return vs Industry: ALC exceeded the Canadian Shipping industry which returned -36.9% over the past year.
Return vs Market: ALC underperformed the Canadian Market which returned -5.6% over the past year.
Shareholder returns
| ALC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 3.9% | 1.1% |
| 30 Day | -2.4% | -1.4% | -2.6% |
| 90 Day | -2.2% | 1.9% | 4.0% |
| 1 Year | -22.3%-25.6% | -33.7%-35.4% | -2.5%-5.8% |
| 3 Year | -1.7%-15.9% | -25.7%-32.0% | 5.7%-4.5% |
| 5 Year | -19.9%-34.6% | -55.6%-62.1% | 32.6%12.3% |
Price Volatility Vs. Market
How volatile is Algoma Central's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is There Now An Opportunity In Algoma Central Corporation (TSE:ALC)?3 weeks ago | Simply Wall St
Read This Before Buying Algoma Central Corporation (TSE:ALC) For Its Dividend1 month ago | Simply Wall St
How Much Are Algoma Central Corporation (TSE:ALC) Insiders Spending On Buying Shares?Valuation
Is Algoma Central undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALC (CA$10.07) is trading below our estimate of fair value (CA$126.09)
Significantly Below Fair Value: ALC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ALC is poor value based on its PE Ratio (20.1x) compared to the XN Shipping industry average (9.7x).
PE vs Market: ALC is poor value based on its PE Ratio (20.1x) compared to the Canadian market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: ALC is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: ALC is overvalued based on its PB Ratio (0.6x) compared to the XN Shipping industry average (0.3x).
Next Steps
Future Growth
How is Algoma Central forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
49.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALC's forecast earnings growth (49.7% per year) is above the savings rate (1.7%).
Earnings vs Market: ALC's earnings (49.7% per year) are forecast to grow faster than the Canadian market (22.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ALC's revenue (4.1% per year) is forecast to grow slower than the Canadian market (5.3% per year).
High Growth Revenue: ALC's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ALC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Algoma Central performed over the past 5 years?
1.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALC has high quality earnings.
Growing Profit Margin: ALC's current net profit margins (3.3%) are lower than last year (8.3%).
Past Earnings Growth Analysis
Earnings Trend: ALC's earnings have grown by 1.1% per year over the past 5 years.
Accelerating Growth: ALC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ALC had negative earnings growth (-57.8%) over the past year, making it difficult to compare to the Shipping industry average (-29.8%).
Return on Equity
High ROE: ALC's Return on Equity (3%) is considered low.
Next Steps
Financial Health
How is Algoma Central's financial position?
Financial Position Analysis
Short Term Liabilities: ALC's short term assets (CA$126.1M) do not cover its short term liabilities (CA$170.2M).
Long Term Liabilities: ALC's short term assets (CA$126.1M) do not cover its long term liabilities (CA$358.3M).
Debt to Equity History and Analysis
Debt Level: ALC's debt to equity ratio (56.7%) is considered high.
Reducing Debt: ALC's debt to equity ratio has increased from 38.5% to 56.7% over the past 5 years.
Debt Coverage: ALC's debt is well covered by operating cash flow (37.3%).
Interest Coverage: ALC's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Algoma Central current dividend yield, its reliability and sustainability?
5.16%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ALC's dividend (5.16%) is higher than the bottom 25% of dividend payers in the Canadian market (1.72%).
High Dividend: ALC's dividend (5.16%) is low compared to the top 25% of dividend payers in the Canadian market (5.93%).
Stability and Growth of Payments
Stable Dividend: ALC's dividends per share have been stable in the past 10 years.
Growing Dividend: ALC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (90%), ALC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Gregg Ruhl
1.5yrs
Tenure
CA$922,746
Compensation
Mr. Gregg A. Ruhl has been President and Chief Executive Officer of Algoma Central Corporation since February 7, 2019 and served as its Chief Operating Officer since September 25, 2017 until February 7, 20 ...
CEO Compensation Analysis
Compensation vs Market: Gregg's total compensation ($USD692.57K) is about average for companies of similar size in the Canadian market ($USD680.51K).
Compensation vs Earnings: Gregg's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 1.5yrs | CA$922.75k | 0.46% CA$ 1.7m | |
| Chief Finance Officer | 10yrs | CA$537.51k | 0.29% CA$ 1.1m | |
| Senior Vice-President of Operations & Technical | 1.5yrs | CA$597.97k | no data | |
| Senior VP of Corporate Development | no data | CA$409.95k | 0.21% CA$ 801.2k | |
| Vice-President of Corporate Finance | 3.08yrs | no data | 0.0042% CA$ 16.0k | |
| Vice -President of Finance & Administration | 1.5yrs | no data | no data | |
| Assistant Vice-President of Marketing | 2.67yrs | no data | no data | |
| Assistant Vice-President of Human Resources | no data | no data | no data | |
| Vice President of Real Estate | 10.25yrs | CA$737.23k | no data |
2.7yrs
Average Tenure
Experienced Management: ALC's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 5.33yrs | CA$57.46k | 0.013% CA$ 50.3k | |
| Independent Chairman of the Board | 13.67yrs | CA$274.66k | 0.079% CA$ 301.5k | |
| Independent Director | 21.67yrs | CA$81.48k | 0.029% CA$ 110.6k | |
| Independent Director | 18.67yrs | CA$83.99k | 0.053% CA$ 201.0k | |
| Independent Director | 17.67yrs | CA$62.62k | 0.015% CA$ 55.3k | |
| Independent Director | 10yrs | CA$95.06k | 0.015% CA$ 55.3k | |
| Independent Director | 7.33yrs | CA$85.45k | 0.019% CA$ 70.4k | |
| Independent Director | 3.33yrs | CA$64.57k | no data |
11.8yrs
Average Tenure
53yo
Average Age
Experienced Board: ALC's board of directors are seasoned and experienced ( 11.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Algoma Central Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Algoma Central Corporation
- Ticker: ALC
- Exchange: TSX
- Founded: 1899
- Industry: Marine
- Sector: Transportation
- Market Cap: CA$379.899m
- Shares outstanding: 37.80m
- Website: https://www.algonet.com
Number of Employees
Location
- Algoma Central Corporation
- 63 Church Street
- Suite 600
- St. Catharines
- Ontario
- L2R 3C4
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ALC | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Dec 1972 |
| AGMJ.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Dec 1972 |
Biography
Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway in Canada. The company operates in six segments: Domestic Dry-Bulk, Product T ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/30 23:52 |
| End of Day Share Price | 2020/09/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.