Tillkännagivande • Jul 01
Algoma Steel Group Inc. Provides Operating Guidance for the Second Quarter Ended June 30, 2026 Algoma Steel Group Inc. provided operating guidance for the second quarter ended June 30, 2026. For the quarter, the company expects total steel shipments to be in the range of 175,000 tons to 180,000 tons. Tillkännagivande • May 02
Algoma Steel Group Inc. to Report Q1, 2026 Results on May 12, 2026 Algoma Steel Group Inc. announced that they will report Q1, 2026 results After-Market on May 12, 2026 Tillkännagivande • Apr 13
Algoma Steel Group Inc., Annual General Meeting, Jun 23, 2026 Algoma Steel Group Inc., Annual General Meeting, Jun 23, 2026. Tillkännagivande • Feb 27
Algoma Steel Group Inc. to Report Q4, 2025 Results on Mar 11, 2026 Algoma Steel Group Inc. announced that they will report Q4, 2025 results After-Market on Mar 11, 2026 Tillkännagivande • Jan 09
Algoma Steel Group Inc. Provides Operating Guidance for the Fourth Quarter Ended December 31, 2025 Algoma Steel Group Inc. provided operating guidance for the fourth quarter ended December 31, 2025. Total steel shipments for the quarter are expected to be in the range of 375,000 to 380,000 tons. Tillkännagivande • Oct 21
Algoma Steel Group Inc. to Report Q3, 2025 Results on Oct 29, 2025 Algoma Steel Group Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 29, 2025 Tillkännagivande • Jul 16
Algoma Steel Group Inc. to Report Q2, 2025 Results on Jul 29, 2025 Algoma Steel Group Inc. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Tillkännagivande • Jun 25
Algoma Steel Group Inc. Elects Melinda J. Newman as Director Algoma Steel Group Inc. at its annual meeting of shareholders held on June 24, 2025, approved the election of Melinda J. Newman as director. Tillkännagivande • Apr 30
Algoma Steel Group Inc. Declares Regular Quarterly Dividend, Payable on May 30, 2025 The Board of Algoma Steel Group Inc. has declared a regular quarterly dividend in the amount of USD 0.05 on each common share outstanding, payable on May 30, 2025 to holders of record of common shares of the Corporation as of the close of business on May 13, 2025. This dividend is designated as an “eligible dividend” for Canadian income tax purposes. Tillkännagivande • Apr 23
Algoma Steel Group Inc. to Report Q1, 2025 Results on Apr 29, 2025 Algoma Steel Group Inc. announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Tillkännagivande • Apr 14
Algoma Steel Group Inc., Annual General Meeting, Jun 24, 2025 Algoma Steel Group Inc., Annual General Meeting, Jun 24, 2025. Tillkännagivande • Mar 13
Algoma Steel Group Inc. Declares Regular Quarterly Dividend, Payable on April 10, 2025 The Board of Algoma Steel Group Inc. declared a regular quarterly dividend in the amount of USD 0.05 on each common share outstanding, payable on April 10, 2025 to holders of record of common shares of the Corporation as of the close of business on March 21, 2025. This dividend is designated as an “eligible dividend” for Canadian income tax purposes. Tillkännagivande • Feb 28
Algoma Steel Group Inc. to Report Q3, 2025 Results on Mar 12, 2025 Algoma Steel Group Inc. announced that they will report Q3, 2025 results After-Market on Mar 12, 2025 Tillkännagivande • Jan 03
Algoma Steel Group Inc. Provides Guidance for the Quarter Ended December 31, 2024 Algoma Steel Group Inc. Provides Guidance for the Quarter Ended December 31, 2024. Total steel shipments for the quarter are expected to be in the range of 545,000 to 550,000 tons. Declared Dividend • Nov 12
Second quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 27th November 2024 Payment date: 27th December 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 2.5% per year over the past 3 years and payments have been stable during that time. Reported Earnings • Nov 08
Second quarter 2025 earnings released: CA$0.98 loss per share (vs CA$0.29 profit in 2Q 2024) Second quarter 2025 results: CA$0.98 loss per share (down from CA$0.29 profit in 2Q 2024). Revenue: CA$600.3m (down 18% from 2Q 2024). Net loss: CA$106.6m (down 443% from profit in 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 07
Algoma Steel Group Inc. Declares Quarterly Dividend, Payable on December 27, 2024 The Board of Algoma Steel Group Inc. has declared a regular quarterly dividend in the amount of USD 0.05 on each common share outstanding, payable on December 27, 2024 to holders of record of common shares of the Corporation as of the close of business on November 27, 2024. Tillkännagivande • Sep 27
Algoma Steel Group Inc. Provides Total Steel Shipments Guidance for the Fiscal Second Quarter of 2025 Algoma Steel Group Inc. provided total steel shipments guidance for the fiscal second quarter of 2025. Total steel shipments expected to be 510,000 to 520,000 tons for the fiscal second quarter of 2025. New Risk • Sep 27
New major risk - Revenue and earnings growth Earnings have declined by 6.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 6.4% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (€2.5m sold). Recent Insider Transactions • Sep 21
Director recently sold €1.8m worth of stock On the 13th of September, Michael McQuade sold around 202k shares on-market at roughly €9.16 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.2m more than they bought in the last 12 months. Declared Dividend • Aug 19
First quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 23rd August 2024 Payment date: 27th September 2024 Dividend yield will be 2.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 3.2% per year over the past 3 years and payments have been stable during that time. New Risk • Aug 14
New major risk - Revenue and earnings growth Earnings have declined by 6.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 6.4% per year over the past 5 years. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: CA$0.059 (vs CA$1.21 in 1Q 2024) First quarter 2025 results: EPS: CA$0.059 (down from CA$1.21 in 1Q 2024). Revenue: CA$650.5m (down 21% from 1Q 2024). Net income: CA$6.10m (down 95% from 1Q 2024). Profit margin: 0.9% (down from 16% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Europe. Tillkännagivande • Aug 14
Algoma Steel Group Inc. Declares Regular Quarterly Dividend, Payable on September 27, 2024 The Board of Algoma Steel Group Inc. has declared a regular quarterly dividend in the amount of $0.05 on each common share outstanding, payable on September 27, 2024 to holders of record of common shares of the Corporation as of the close of business on August 23, 2024. Tillkännagivande • Aug 07
Algoma Steel Group Inc. to Report Q1, 2025 Results on Aug 13, 2024 Algoma Steel Group Inc. announced that they will report Q1, 2025 results After-Market on Aug 13, 2024 Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €7.60, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 24% over the past year. Tillkännagivande • Jul 15
Algoma Steel Group Inc., Annual General Meeting, Sep 24, 2024 Algoma Steel Group Inc., Annual General Meeting, Sep 24, 2024. Declared Dividend • Jul 01
Fourth quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 2nd July 2024 Payment date: 19th July 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (28% 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 4.7% per year over the past 2 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Jun 21
Full year 2024 earnings released: EPS: CA$0.97 (vs CA$2.43 in FY 2023) Full year 2024 results: EPS: CA$0.97 (down from CA$2.43 in FY 2023). Revenue: CA$2.80b (flat on FY 2023). Net income: CA$105.2m (down 65% from FY 2023). Profit margin: 3.8% (down from 11% in FY 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Tillkännagivande • Jun 08
Algoma Steel Group Inc. to Report Q4, 2024 Results on Jun 20, 2024 Algoma Steel Group Inc. announced that they will report Q4, 2024 results After-Market on Jun 20, 2024 Board Change • May 15
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. No highly experienced directors. Director Mike McQuade is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Feb 15
Algoma Steel Group Inc. Resumes Normal Steel Production Algoma Steel Group Inc. announced the repair and restart of its blast furnace is complete and steel production resumed on February 11, 2024. The company has strengthened its operations while advancing essential repair work required after a structure supporting utilities piping at the company’s coke-making plant collapsed on January 20, 2024. The company remains focused on completing necessary utilities corridor repairs safely and efficiently while increasing coke-making capacity and rebuilding inventory levels. The company will continue to assess supplementing its coke supplies with market purchases to balance its requirement for iron production. Tillkännagivande • Jan 30
Algoma Steel Group Inc. to Report Q3, 2024 Results on Feb 06, 2024 Algoma Steel Group Inc. announced that they will report Q3, 2024 results After-Market on Feb 06, 2024 Tillkännagivande • Jan 24
Algoma Steel Group Inc. Provides Update on Incident at Coke-Making Plant Algoma Steel Group Inc. provided an update further to the incident on January 20 at its coke-making plant when a structure supporting utilities piping collapsed. Algoma advised that the water-related environmental release was fully contained by the evening of January 20, with most of the effluent being contained on-site. As a result, Algoma currently believes that there is a low risk of impact to the adjacent waterway. The Company remains in contact with regulatory authorities, union leadership, and local stakeholders including Indigenous communities. A repair plan for the coke-making plant is being developed with third party engineering support in accordance with Algoma's Environmental Compliance Approval. While the Company is actively assessing coke-making capacity, limited production has resumed at the three coke-production units. At the time of the coke-making incident, for safety reasons Blast Furnace operations were temporarily suspended while the site was secured. Upon the normal course resumption of iron production, Algoma experienced issues at the Blast Furnace related to other utilities supplying the facility as an unexpected consequence of the coke-making incident. As a result, the Blast Furnace was taken offline and work is underway to restart the furnace. The Company is evaluating the potential operational impact of the Blast Furnace being offline and currently expects to resume production within two weeks. The company expects some impact on shipments, the extent of which will depend on the timeline to resume Blast Furnace operations. Algoma's combined plate/strip mill and cold mill operations remain unaffected by the incident, as does the EAF construction. Algoma currently believes that it can source adequate coke from third-party suppliers to augment coke production and coke inventory on site. Algoma has given notice to relevant insurance providers and continues to complete assessments and advance repairs to expedite a return to normal operations while prioritizing the ongoing safety of its employees, the community and the environment. Tillkännagivande • Dec 22
Algoma Steel Group Inc. Announces the Retirement of Andrew Schultz as Director, Effective December 31, 2023 Algoma Steel Group Inc. announced that Andrew Schultz is retiring from the board of directors effective December 31, 2023. Mr. Schultz originally joined the board of Algoma Steel Holdings Inc. in 2018, and continued as a director of Algoma in October 2021 as it became a public company following the merger with Legato Merger Corporation. He served as Chair of both the Human Resources & Compensation Committee and the Risk Committee, and as a valuable member of the Audit Committee and Operations & Capital Projects Committee. Recent Insider Transactions • Dec 10
Independent Director recently sold €350k worth of stock On the 5th of December, David Sgro sold around 44k shares on-market at roughly €7.96 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.0m. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months. Recent Insider Transactions • Nov 24
Independent Director recently sold €1.0m worth of stock On the 21st of November, David Sgro sold around 147k shares on-market at roughly €7.09 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.05 per share at 2.6% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (8.4%). Tillkännagivande • Nov 03
Algoma Steel Group Inc. Declares Regular Quarterly Dividend, Payable on December 29, 2023 The Board of Algoma Steel Group Inc. has declared a regular quarterly dividend in the amount of USD 0.05 on each common share outstanding, payable on December 29, 2023, to holders of record of common shares of the Corporation as of the close of business on November 30, 2023. This dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reported Earnings • Nov 03
Second quarter 2024 earnings released: EPS: CA$0.29 (vs CA$0.72 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.29 (down from CA$0.72 in 2Q 2023). Revenue: CA$732.6m (up 22% from 2Q 2023). Net income: CA$31.1m (down 64% from 2Q 2023). Profit margin: 4.2% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Tillkännagivande • Oct 24
Algoma Steel Group Inc. to Report Q2, 2024 Results on Nov 02, 2023 Algoma Steel Group Inc. announced that they will report Q2, 2024 results After-Market on Nov 02, 2023 Tillkännagivande • Sep 29
Algoma Steel Group Inc. Provides Production Guidance for the Second Quarter of Fiscal Year 2024 Algoma Steel Group Inc. provided production guidance for the second quarter of fiscal year 2024. For the quarter, total steel shipments are expected to be in the range of 540,000 tons to 550,000 tons. New Risk • Sep 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. High level of non-cash earnings (49% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.8% net profit margin). Tillkännagivande • Aug 11
Algoma Steel Group Inc. Declares Regular Quarterly Dividend, Payable on September 29, 2023 Algoma Steel Group Inc. announced the Board has declared a regular quarterly dividend in the amount of USD 0.05 on each common share outstanding, payable on September 29, 2023, to holders of record of common shares of the Corporation as of the close of business on August 25, 2023. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: CA$1.21 (vs CA$2.99 in 1Q 2023) First quarter 2024 results: EPS: CA$1.21 (down from CA$2.99 in 1Q 2023). Revenue: CA$827.2m (down 11% from 1Q 2023). Net income: CA$130.9m (down 57% from 1Q 2023). Profit margin: 16% (down from 32% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Tillkännagivande • Jul 29
Algoma Steel Group Inc. to Report Q1, 2024 Results on Aug 10, 2023 Algoma Steel Group Inc. announced that they will report Q1, 2024 results After-Market on Aug 10, 2023 Tillkännagivande • Jul 15
Algoma Steel Group Inc., Annual General Meeting, Sep 26, 2023 Algoma Steel Group Inc., Annual General Meeting, Sep 26, 2023. New Risk • Jun 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 24% per year for the foreseeable future. High level of non-cash earnings (43% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Jun 22
Full year 2023 earnings released: EPS: CA$2.43 (vs CA$8.53 in FY 2022) Full year 2023 results: EPS: CA$2.43 (down from CA$8.53 in FY 2022). Revenue: CA$2.78b (down 27% from FY 2022). Net income: CA$298.5m (down 65% from FY 2022). Profit margin: 11% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Metals and Mining industry in Europe. Tillkännagivande • Jun 07
Algoma Steel Group Inc. to Report Q4, 2023 Results on Jun 21, 2023 Algoma Steel Group Inc. announced that they will report Q4, 2023 results After-Market on Jun 21, 2023 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €8.65, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total loss to shareholders of 3.6% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.74 per share. Upcoming Dividend • Feb 20
Upcoming dividend of US$0.05 per share at 2.5% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (8.4%). Reported Earnings • Feb 14
Third quarter 2023 earnings released: CA$0.64 loss per share (vs CA$1.15 profit in 3Q 2022) Third quarter 2023 results: CA$0.64 loss per share (down from CA$1.15 profit in 3Q 2022). Revenue: CA$567.8m (down 47% from 3Q 2022). Net loss: CA$69.8m (down 157% from profit in 3Q 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.9% decline forecast for the Metals and Mining industry in Europe. Tillkännagivande • Feb 14
Algoma Steel Group Inc. Declares Regular Quarterly Dividend, Payable on March 31, 2023 Algoma Steel Group Inc. declared a regular quarterly dividend in the amount of $0.05 on each common share outstanding, payable on March 31, 2023 to holders of record of common shares of the Corporation as of the close of business on February 28, 2023. Tillkännagivande • Feb 02
Algoma Steel Group Inc. to Report Q3, 2023 Results on Feb 13, 2023 Algoma Steel Group Inc. announced that they will report Q3, 2023 results After-Market on Feb 13, 2023 Upcoming Dividend • Nov 22
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 3.5% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (9.2%). Board Change • Nov 16
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. Director Mike McQuade is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: CA$0.72 (vs CA$4.01 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.72 (down from CA$4.01 in 2Q 2022). Revenue: CA$599.2m (down 41% from 2Q 2022). Net income: CA$87.2m (down 70% from 2Q 2022). Profit margin: 15% (down from 28% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 5.8% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Recent Insider Transactions • Sep 20
Independent Director recently sold €1.0m worth of stock On the 12th of September, Brian Pratt sold around 112k shares on-market at roughly €9.26 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 1.3% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (9.6%). Reported Earnings • Aug 04
First quarter 2023 earnings released: EPS: CA$1.98 (vs CA$2.84 in 1Q 2022) First quarter 2023 results: EPS: CA$1.98. Revenue: CA$934.1m (up 18% from 1Q 2022). Net income: CA$301.4m (up 48% from 1Q 2022). Profit margin: 32% (up from 26% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 16% compared to a 25% growth forecast for the industry in Germany. Reported Earnings • Jun 16
Full year 2022 earnings released Full year 2022 results: EPS: CA$8.53. Revenue: CA$3.81b (up 112% from FY 2021). Net income: CA$857.7m (up CA$919.7m from FY 2021). Profit margin: 23% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 6.0%, compared to a 31% growth forecast for the mining industry in Germany. Board Change • Apr 28
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Mary Bueschkens is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 31
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Mary Bueschkens is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 17% share price gain to €9.35, the stock trades at a trailing P/E ratio of 2.6x. Average forward P/E is 6x in the Metals and Mining industry in Germany. Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: CA$1.15. Revenue: CA$1.06b (flat on 3Q 2021). Net income: CA$123.0m (up CA$123.0m from 3Q 2021). Profit margin: 12% (up from null in 3Q 2021). Revenue exceeded analyst estimates by 5.1%. Over the next year, revenue is expected to shrink by 5.5% compared to a 15% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €7.40, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €7.31 per share.