Announcement • Apr 30
Algoma Central Corporation to Report Q1, 2026 Results on May 07, 2026 Algoma Central Corporation announced that they will report Q1, 2026 results on May 07, 2026 Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: CA$3.53 (vs CA$2.29 in FY 2024) Full year 2025 results: EPS: CA$3.53 (up from CA$2.29 in FY 2024). Revenue: CA$761.1m (up 8.2% from FY 2024). Net income: CA$143.0m (up 56% from FY 2024). Profit margin: 19% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Mar 04
Algoma Central Corporation, Annual General Meeting, May 07, 2026 Algoma Central Corporation, Annual General Meeting, May 07, 2026. Buy Or Sell Opportunity • Feb 23
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to CA$22.97. The fair value is estimated to be CA$18.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Announcement • Feb 19
Algoma Central Corporation to Report Fiscal Year 2025 Results on Mar 05, 2026 Algoma Central Corporation announced that they will report fiscal year 2025 results Pre-Market on Mar 05, 2026 Declared Dividend • Feb 02
Third quarter dividend increased to CA$0.21 Dividend of CA$0.21 is 5.0% higher than last year. Ex-date: 13th February 2026 Payment date: 2nd March 2026 Dividend yield will be 4.2%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 30
Algoma Central Corporation Announces Quarterly Dividend, Payable on March 2, 2026 Algoma Central Corporation announced that the company’s Board of Directors authorized payment of a quarterly dividend to shareholders of $0.21 per common share. The dividend is payable on March 2, 2026 to shareholders of record on February 13, 2026. This $0.21 common share dividend represents a 5% increase from the $0.20 per share dividend paid on December 1, 2025. Since 2018, Algoma’s quarterly dividend has more than doubled. Declared Dividend • Nov 06
Third quarter dividend of CA$0.20 announced Shareholders will receive a dividend of CA$0.20. Ex-date: 17th November 2025 Payment date: 1st December 2025 Dividend yield will be 4.6%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 05
Algoma Central Corporation announces Quarterly dividend, payable on December 01, 2025 Algoma Central Corporation announced Quarterly dividend of CAD 0.2000 per share payable on December 01, 2025, ex-date on November 17, 2025 and record date on November 17, 2025. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: CA$0.97 (vs CA$0.98 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.97 (down from CA$0.98 in 3Q 2024). Revenue: CA$228.0m (up 11% from 3Q 2024). Net income: CA$39.4m (down 1.2% from 3Q 2024). Profit margin: 17% (down from 20% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Recent Insider Transactions • Oct 09
Independent Chairman of the Board recently bought CA$302k worth of stock On the 6th of October, Duncan Newton Jackman bought around 18k shares on-market at roughly CA$16.51 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Duncan Newton's only on-market trade for the last 12 months. Declared Dividend • Aug 10
Second quarter dividend of CA$0.20 announced Shareholders will receive a dividend of CA$0.20. Ex-date: 19th August 2025 Payment date: 2nd September 2025 Dividend yield will be 4.8%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 08
Algoma Central Corporation announces Quarterly dividend, payable on September 02, 2025 Algoma Central Corporation announced Quarterly dividend of CAD 0.2000 per share payable on September 02, 2025, ex-date on August 19, 2025 and record date on August 19, 2025. Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: CA$0.81 (vs CA$0.44 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.81 (up from CA$0.44 in 2Q 2024). Revenue: CA$211.7m (up 17% from 2Q 2024). Net income: CA$32.9m (up 88% from 2Q 2024). Profit margin: 16% (up from 9.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 2.4% decline forecast for the Shipping industry in North America. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jul 31
Algoma Central Corporation to Report Q2, 2025 Results on Aug 06, 2025 Algoma Central Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Declared Dividend • May 07
First quarter dividend of CA$0.20 announced Shareholders will receive a dividend of CA$0.20. Ex-date: 16th May 2025 Payment date: 2nd June 2025 Dividend yield will be 5.1%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 04
First quarter 2025 earnings released: CA$0.57 loss per share (vs CA$0.44 loss in 1Q 2024) First quarter 2025 results: CA$0.57 loss per share (further deteriorated from CA$0.44 loss in 1Q 2024). Revenue: CA$107.2m (down 1.8% from 1Q 2024). Net loss: CA$23.3m (loss widened 35% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 11
Algoma Central Corporation to Report Q1, 2025 Results on May 02, 2025 Algoma Central Corporation announced that they will report Q1, 2025 results on May 02, 2025 Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: CA$2.29 (vs CA$2.15 in FY 2023) Full year 2024 results: EPS: CA$2.29 (up from CA$2.15 in FY 2023). Revenue: CA$703.4m (down 2.5% from FY 2023). Net income: CA$91.6m (up 11% from FY 2023). Profit margin: 13% (up from 12% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Price Target Changed • Feb 25
Price target decreased by 17% to CA$18.50 Down from CA$22.25, the current price target is provided by 1 analyst. New target price is 25% above last closing price of CA$14.84. Stock is down 1.3% over the past year. The company posted earnings per share of CA$2.15 last year. Announcement • Feb 18
Algoma Central Corporation, Annual General Meeting, May 02, 2025 Algoma Central Corporation, Annual General Meeting, May 02, 2025. Announcement • Feb 13
Algoma Central Corporation to Report Fiscal Year 2024 Results on Feb 27, 2025 Algoma Central Corporation announced that they will report fiscal year 2024 results Pre-Market on Feb 27, 2025 Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.20 per share Eligible shareholders must have bought the stock before 14 February 2025. Payment date: 03 March 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (12%). Declared Dividend • Jan 20
Third quarter dividend increased to CA$0.20 Dividend of CA$0.20 is 5.3% higher than last year. Ex-date: 14th February 2025 Payment date: 3rd March 2025 Dividend yield will be 5.2%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 17
Algoma Central Corporation Announces 5% Increase in Quarterly Dividend, Payable on March 3, 2025 Algoma Central Corporation announced that the Company’s Board of Directors authorized payment of a quarterly dividend to shareholders of $0.20 per common share. The dividend is payable on March 3, 2025 to shareholders of record on February 14, 2025. This $0.20 common share dividend represents a 5% increase from the $0.19 per share dividend paid on December 2, 2024. Declared Dividend • Nov 06
Third quarter dividend of CA$0.19 announced Shareholders will receive a dividend of CA$0.19. Ex-date: 18th November 2024 Payment date: 2nd December 2024 Dividend yield will be 5.0%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 05
Algoma Central Corporation Announces Quarterly Dividend on Common Share, Payable on December 2, 2024 Algoma Central Corporation's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.19 per common share. The dividend will be paid on December 2, 2024 to shareholders of record on November 18, 2024. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: CA$0.98 (vs CA$0.93 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.98 (up from CA$0.93 in 3Q 2023). Revenue: CA$204.6m (flat on 3Q 2023). Net income: CA$39.9m (up 12% from 3Q 2023). Profit margin: 20% (up from 17% in 3Q 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, while revenues in the Shipping industry in North America are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Announcement • Oct 21
Algoma Central Corporation to Report Q3, 2024 Results on Nov 04, 2024 Algoma Central Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 04, 2024 Announcement • Sep 05
Algoma Central Corporation Announces CFO Changes Algoma Central Corporation announced that after 14 years of dedicated service as Chief Financial Officer with Algoma, Peter Winkley will be retiring, effective December 31, 2024. Peter has served as Chief Financial Officer since joining Algoma in 2010. The Company is also announcing the appointment of Christopher Lazarz to the position of Chief Financial Officer, effective January 1, 2025. Christopher joined Algoma in 2011 having held a variety of finance positions of increasing responsibility and currently serves as Vice-President, Corporate Finance. He is a Chartered Professional Accountant (CPA, CA) and holds an Honours Bachelor of Accounting (BAcc) degree from Brock University. Declared Dividend • Aug 07
Second quarter dividend of CA$0.19 announced Shareholders will receive a dividend of CA$0.19. Ex-date: 20th August 2024 Payment date: 3rd September 2024 Dividend yield will be 5.3%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: CA$0.44 (vs CA$0.86 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.44 (down from CA$0.86 in 2Q 2023). Revenue: CA$181.0m (down 11% from 2Q 2023). Net income: CA$17.5m (down 47% from 2Q 2023). Profit margin: 9.7% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in North America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 02
Algoma Central Corporation Announces Quarterly Dividend, Payable on September 3, 2024 Algoma Central Corporation's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.19 per common share. The dividend will be paid on September 3, 2024 to shareholders of record on August 20, 2024. Announcement • Jul 20
Algoma Central Corporation to Report Q2, 2024 Results on Aug 02, 2024 Algoma Central Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 02, 2024 Price Target Changed • Jul 05
Price target increased by 20% to CA$22.25 Up from CA$18.50, the current price target is an average from 2 analysts. New target price is 57% above last closing price of CA$14.15. Stock is down 6.0% over the past year. The company posted earnings per share of CA$2.15 last year. Declared Dividend • May 05
First quarter dividend of CA$0.19 announced Shareholders will receive a dividend of CA$0.19. Ex-date: 16th May 2024 Payment date: 3rd June 2024 Dividend yield will be 5.0%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 03
Algoma Central Corporation Announces Quarterly Dividend, Payable on June 3, 2024 Algoma Central Corporation's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.19 per common share. The dividend will be paid on June 3, 2024 to shareholders of record on May 17, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: CA$0.44 loss per share (vs CA$0.51 loss in 1Q 2023) First quarter 2024 results: CA$0.44 loss per share (improved from CA$0.51 loss in 1Q 2023). Revenue: CA$109.2m (down 2.1% from 1Q 2023). Net loss: CA$17.3m (loss narrowed 12% from 1Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in North America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Apr 19
Algoma Central Corporation to Report Q1, 2024 Results on May 01, 2024 Algoma Central Corporation announced that they will report Q1, 2024 results on May 01, 2024 New Risk • Mar 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CA$2.15 (vs CA$3.17 in FY 2022) Full year 2023 results: EPS: CA$2.15 (down from CA$3.17 in FY 2022). Revenue: CA$721.2m (up 6.4% from FY 2022). Net income: CA$82.9m (down 31% from FY 2022). Profit margin: 12% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, while revenues in the Shipping industry in North America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 21
Algoma Central Corporation, Annual General Meeting, May 01, 2024 Algoma Central Corporation, Annual General Meeting, May 01, 2024. Announcement • Feb 13
Algoma Central Corporation to Report Q4, 2023 Results on Feb 26, 2024 Algoma Central Corporation announced that they will report Q4, 2023 results Pre-Market on Feb 26, 2024 Upcoming Dividend • Feb 08
Upcoming dividend of CA$0.19 per share at 5.0% yield Eligible shareholders must have bought the stock before 15 February 2024. Payment date: 01 March 2024. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (8.1%). Announcement • Jan 16
Algoma Central Corporation Announces Quarterly Dividend, Payable on March 1, 2024 Algoma Central Corporation announced that the Company's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.19 per common share. The dividend is payable on March 1, 2024 to shareholders of record on February 16, 2024. This $0.19 common share dividend represents a 6% increase from the $0.18 per share dividend paid on December 1, 2023. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: CA$0.93 (vs CA$1.13 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.93 (down from CA$1.13 in 3Q 2022). Revenue: CA$205.9m (up 3.3% from 3Q 2022). Net income: CA$35.7m (down 16% from 3Q 2022). Profit margin: 17% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Shipping industry in North America. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Algoma Central Corporation Approves Quarterly Dividend to Be Paid on December 1, 2023 Algoma Central Corporation authorized payment of a quarterly dividend to shareholders of $0.18per common share. The dividend will be paid on December 1, 2023 to shareholders of record on November 17, 2023. Announcement • Oct 28
Algoma Central Corporation to Report Q3, 2023 Results on Nov 03, 2023 Algoma Central Corporation announced that they will report Q3, 2023 results After-Market on Nov 03, 2023 Price Target Changed • Sep 28
Price target decreased by 15% to CA$20.00 Down from CA$23.50, the current price target is provided by 1 analyst. New target price is 35% above last closing price of CA$14.85. Stock is down 7.8% over the past year. The company posted earnings per share of CA$3.17 last year. Announcement • Aug 05
Algoma Central Corporation Declares Quarterly Dividend, Payable on September 1, 2023 Algoma Central Corporation's Board of Directors have authorized payment of a quarterly dividend to shareholders of $0.18 per common share. The dividend will be paid on September 1, 2023 to shareholders of record on August 18, 2023. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: CA$0.86 (vs CA$1.25 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.86 (down from CA$1.25 in 2Q 2022). Revenue: CA$202.4m (up 10% from 2Q 2022). Net income: CA$33.1m (down 30% from 2Q 2022). Profit margin: 16% (down from 26% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 4.2% decline forecast for the Shipping industry in North America. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jul 24
Algoma Central Corporation to Report Q2, 2023 Results on Aug 04, 2023 Algoma Central Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 04, 2023 Announcement • Jul 15
Algoma Central Corporation, Annual General Meeting, Sep 26, 2023 Algoma Central Corporation, Annual General Meeting, Sep 26, 2023. Upcoming Dividend • May 10
Upcoming dividend of CA$0.18 per share at 4.7% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (23%). Announcement • May 06
Algoma Central Corporation Announces Board Changes Algoma Central Corporation at its AGM held on May 3, 2023 approved election of Mats H. Berglund and Jens GrØnning as directors until the next annual general meeting of shareholders. Harold (Hap) Stephen will be retiring from Algoma’s Board of Directors after 21 years of service. Mr. Stephen did not stand for re-election this year in accordance with the Company’s age limit policy for Board members. Mr. Stephen also served on the Audit, Investment, and Environment, Health and Safety Committees. Announcement • May 04
Algoma Central Corporation Authorizes Payment of Quarterly Dividend to Shareholders, Payable June 1, 2023 Algoma Central Corporation authorized payment of a quarterly dividend to shareholders of $0.18 per common share. The dividend will be paid on June 1, 2023 to shareholders of record on May 18, 2023. Reported Earnings • May 03
First quarter 2023 earnings released: CA$0.51 loss per share (vs CA$0.52 loss in 1Q 2022) First quarter 2023 results: CA$0.51 loss per share. Revenue: CA$111.6m (up 31% from 1Q 2022). Net loss: CA$19.6m (flat on 1Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 5.7% decline forecast for the Shipping industry in North America. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CA$3,170 (vs CA$2.17 in FY 2021) Full year 2022 results: EPS: CA$3,170 (up from CA$2.17 in FY 2021). Revenue: CA$677.9m (up 13% from FY 2021). Net income: CA$120.0m (up 46% from FY 2021). Profit margin: 18% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 9.5% decline forecast for the Shipping industry in North America. Over the last 3 years on average, earnings per share has increased by 171% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Algoma Central Corporation, Annual General Meeting, May 03, 2023 Algoma Central Corporation, Annual General Meeting, May 03, 2023. Announcement • Feb 14
Algoma Central Corporation to Report Fiscal Year 2022 Results on Feb 27, 2023 Algoma Central Corporation announced that they will report fiscal year 2022 results Pre-Market on Feb 27, 2023 Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.18 per share at 4.5% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 01 March 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Canadian dividend payers (5.8%). Lower than average of industry peers (26%). Buying Opportunity • Feb 05
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CA$20.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 50%. Announcement • Jan 14
Algoma Central Corporation Increases Quarterly Dividend, Payable on March 1, 2023 Algoma Central Corporation announced that the Company's Board of Directors authorized payment of a quarterly dividend to shareholders of $0.18 per common share. The dividend is payable on March 1, 2023 to shareholders of record on February 15, 2023. This $0.18 common share dividend represents a 6% increase from the $0.17 per share dividend paid on December 1, 2022. Buying Opportunity • Dec 30
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be CA$23.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 50%. Upcoming Dividend • Dec 27
Upcoming dividend of CA$1.35 per share Eligible shareholders must have bought the stock before 03 January 2023. Payment date: 18 January 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (28%). Announcement • Dec 15
Algoma Central Corporation Announces Special Dividend, Payable on January 18, 2023 Algoma Central Corporation announced that the Board of Directors authorized payment of a Special Dividend to shareholders of $1.35 per common share. The dividend is payable on January 18, 2023 to shareholders of record on January 4, 2023. Price Target Changed • Nov 16
Price target increased to CA$24.17 Up from CA$22.25, the current price target is an average from 3 analysts. New target price is 44% above last closing price of CA$16.75. Stock is down 4.3% over the past year. The company posted earnings per share of CA$2.17 last year. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Director Trinity Jackman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 13
Price target increased to CA$24.17 Up from CA$22.25, the current price target is an average from 3 analysts. New target price is 44% above last closing price of CA$16.73. Stock is down 5.2% over the past year. The company posted earnings per share of CA$2.17 last year. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: CA$1.13 (vs CA$1.06 in 3Q 2021) Third quarter 2022 results: EPS: CA$1.13 (up from CA$1.06 in 3Q 2021). Revenue: CA$199.3m (up 14% from 3Q 2021). Net income: CA$42.5m (up 6.4% from 3Q 2021). Profit margin: 21% (down from 23% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 7.8% decline forecast for the Shipping industry in North America. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 25
Algoma Central Corporation to Report Q3, 2022 Results on Nov 07, 2022 Algoma Central Corporation announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 07, 2022 Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: CA$1.24 (vs CA$0.85 in 2Q 2021) Second quarter 2022 results: EPS: CA$1.24 (up from CA$0.85 in 2Q 2021). Revenue: CA$183.5m (up 9.4% from 2Q 2021). Net income: CA$47.0m (up 46% from 2Q 2021). Profit margin: 26% (up from 19% in 2Q 2021). Over the next year, revenue is expected to shrink by 2.0% compared to a 4.7% decline forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Algoma Central Corporation Announces Quarterly Dividend, Payable on September 1, 2022 Algoma Central Corporation Board of Directors have authorized payment of a quarterly dividend to shareholders of $0.17 per common share. The dividend will be paid on September 1, 2022 to shareholders of record on August 18, 2022. Announcement • Jul 30
Algoma Central Corporation to Report Q2, 2022 Results on Aug 05, 2022 Algoma Central Corporation announced that they will report Q2, 2022 results After-Market on Aug 05, 2022 Upcoming Dividend • May 10
Upcoming dividend of CA$0.17 per share Eligible shareholders must have bought the stock before 17 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Canadian dividend payers (5.0%). Lower than average of industry peers (17%). Reported Earnings • May 05
First quarter 2022 earnings released: CA$0.52 loss per share (vs CA$0.59 loss in 1Q 2021) First quarter 2022 results: CA$0.52 loss per share (up from CA$0.59 loss in 1Q 2021). Revenue: CA$85.1m (up 9.7% from 1Q 2021). Net loss: CA$19.6m (loss narrowed 13% from 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 8.2% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 05
Algoma Central Corporation Announces Quarterly Dividend, Payable on June 1, 2022 Algoma Central Corporation Board of Directors have authorized payment of a quarterly dividend to shareholders of $0.17 percommon share. The dividend will be paid on June 1, 2022 to shareholders of record on May 18, 2022. Price Target Changed • Apr 27
Price target increased to CA$22.83 Up from CA$20.50, the current price target is an average from 3 analysts. New target price is 33% above last closing price of CA$17.18. Stock is up 2.4% over the past year. The company posted earnings per share of CA$2.17 last year. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Trinity Jackman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 08
Price target increased to CA$22.83 Up from CA$20.50, the current price target is an average from 4 analysts. New target price is 33% above last closing price of CA$17.11. Stock is down 1.4% over the past year. The company posted earnings per share of CA$2.17 last year. Reported Earnings • Mar 01
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$2.17 (up from CA$1.21 in FY 2020). Revenue: CA$598.9m (up 9.8% from FY 2020). Net income: CA$82.2m (up 79% from FY 2020). Profit margin: 14% (up from 8.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 5.8%, compared to a 14% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Mar 01
Algoma Central Corporation Announces Quarterly Dividend, Payable on March 1, 2022 Algoma Central Corporation announced that its board of directors have authorized payment of a quarterly dividend to shareholders of $0.17 per common share. The dividend will be paid on March 1, 2022 to shareholders of record on February 15, 2022.