Algoma Central Corp (TSE:ALC)
TSX:ALC
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Algoma Central
(TSX:ALC)
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Rating:74Outperform
Price Target:
C$24.50
â–²(29.02% Upside)
Action:ReiteratedDate:03/06/26
The score is driven primarily by attractive valuation (low P/E and solid dividend yield) and a strong uptrend versus key moving averages. Offsetting these positives, financial quality is constrained by deeply negative recent free cash flow and weaker cash conversion, with elevated momentum indicators also suggesting higher near-term pullback risk.
Positive Factors
Revenue & Profitability Rebound
A large TTM revenue rebound coupled with mid-teens net margins and ~23% EBITDA indicates the core shipping business can deliver profitable operations when freight markets recover. This supports durable earnings power across cycles and funds maintenance of fleet and contractual obligations over the next 2–6 months.
Negative Factors
Deep Negative Free Cash Flow TTM
Material negative free cash flow in the trailing twelve months signals that current cash generation is not covering investment and financing needs. Persistently negative FCF can constrain capital allocation, limit ability to de-lever, and pressure liquidity if weak freight conditions persist over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Profitability Rebound
A large TTM revenue rebound coupled with mid-teens net margins and ~23% EBITDA indicates the core shipping business can deliver profitable operations when freight markets recover. This supports durable earnings power across cycles and funds maintenance of fleet and contractual obligations over the next 2–6 months.
Read all positive factors
Algoma Central (ALC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$847.06M
Dividend Yield4.27%
Average Volume (3M)8.47K
Price to Earnings (P/E)5.4
Beta (1Y)0.58
Revenue Growth8.54%
EPS Growth33.89%
CountryCA
Employees1,600
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)2.32
Shares Outstanding40,567,818
10 Day Avg. Volume9,142
30 Day Avg. Volume8,473
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.76
Price to Sales (P/S)1.01
P/FCF Ratio-6.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.97
Revenue Forecast (FY)C$761.90M
Algoma Central Business Overview & Revenue Model
Company Description
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 Tankers, Ocean Self-Unloaders, Global Short...
How the Company Makes Money
Algoma Central generates revenue primarily through its shipping operations, which include the transportation of bulk commodities for various industries. The company operates a fleet of self-unloading vessels, which allows it to efficiently transpo...
Algoma Central Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 761.06M | 703.44M | 721.22M | 677.94M | 598.87M |
| Gross Profit | 132.09M | 632.09M | 655.17M | 612.51M | 531.02M |
| EBITDA | 166.13M | 147.21M | 154.06M | 186.26M | 162.72M |
| Net Income | 143.03M | 91.64M | 82.87M | 84.47M | 63.77M |
Balance Sheet | |||||
| Total Assets | 1.77B | 1.52B | 1.34B | 1.37B | 1.20B |
| Cash, Cash Equivalents and Short-Term Investments | 37.16M | 3.54M | 32.83M | 141.97M | 108.94M |
| Total Debt | 536.44M | 412.59M | 377.37M | 402.79M | 392.22M |
| Total Liabilities | 762.36M | 624.11M | 565.85M | 639.67M | 559.80M |
| Stockholders Equity | 1.01B | 899.85M | 778.31M | 726.02M | 640.28M |
Cash Flow | |||||
| Free Cash Flow | -123.83M | -10.22M | 4.96M | 62.26M | 130.50M |
| Operating Cash Flow | 135.37M | 155.39M | 124.21M | 133.13M | 162.38M |
| Investing Cash Flow | -212.68M | -183.75M | -127.78M | -65.87M | -16.23M |
| Financing Cash Flow | 112.82M | -5.55M | -105.76M | -42.37M | -141.02M |
Algoma Central Technical Analysis
Neutral
18.99
Price Trends
21.05
Negative
19.88
Positive
18.16
Positive
Market Momentum
-0.10
Positive
47.51
Neutral
67.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ALC, the sentiment is Neutral. The current price of 18.99 is below the 20-day moving average (MA) of 20.95, below the 50-day MA of 21.05, and above the 200-day MA of 18.16, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 47.51 is Neutral, neither overbought nor oversold. The STOCH value of 67.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ALC.
Algoma Central Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$847.06M | 5.36 | 15.49% | 4.27% | 8.54% | 33.89% | |
72 Outperform | C$526.61M | 7.03 | 14.89% | 0.76% | -12.42% | 69.23% | |
66 Neutral | C$701.99M | 10.32 | 10.91% | 5.09% | 3.71% | -12.70% | |
64 Neutral | C$2.28B | 33.32 | 21.42% | 2.88% | 6.26% | 0.52% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | C$1.66B | 15.25 | 9.33% | 5.21% | 5.53% | -21.87% | |
52 Neutral | C$1.25B | 16.01 | 10.73% | 1.67% | 7.71% | 3170.43% |
* Industrials Sector Average
TSE:ALC
Algoma Central
20.88
6.71
47.34%
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Algoma Central Corporate Events
Business Operations and StrategyFinancial Disclosures
Algoma Central Lifts 2025 Earnings on Fleet Growth and One-Time Joint Venture Gain
Positive
Mar 5, 2026
Algoma Central Corporation reported stronger financial results for 2025, with revenue rising to $761.1 million and net earnings increasing 56% to $143.0 million, boosted by a one-time gain from the sale of an interest in a cement carrier joint ven...
Business Operations and StrategyM&A Transactions
Algoma Central to Acquire Lower Lakes Fleet, Expanding Great Lakes Dry-Bulk Operations
Positive
Feb 27, 2026
Algoma Central Corporation has signed a definitive agreement to acquire Mainstay Maritime Inc.’s three Canadian operating companies, including Lower Lakes Towing Ltd., along with six Canadian-flagged vessels serving the Great Lakes dry bulk ...
Financial DisclosuresRegulatory Filings and Compliance
Algoma Central Sets March 5 Date for Fiscal 2025 Results
Neutral
Feb 19, 2026
Algoma Central Corporation will release its financial results for the fiscal year ended December 31, 2025, before markets open on March 5, 2026. The full earnings report will be made available on the company’s website and through SEDAR for i...
Financial DisclosuresRegulatory Filings and Compliance
Algoma Central Sets March 5, 2026 Date for Fiscal 2025 Results
Neutral
Feb 19, 2026
Algoma Central Corporation will release its financial results for the year ended December 31, 2025, before markets open on March 5, 2026, with the full earnings report to be made available on its website and through SEDAR. The scheduled disclosure...
DividendsFinancial Disclosures
Algoma Central Lifts Quarterly Dividend by 5% as Payouts More Than Double Since 2018
Positive
Jan 30, 2026
Algoma Central Corporation announced that its board has approved a quarterly dividend of $0.21 per common share, payable on March 2, 2026 to shareholders of record as of February 13, 2026. The new payout represents a 5% increase over the previous ...
Dividends
Algoma Central Lifts Quarterly Dividend by 5% as Payout More Than Doubles Since 2018
Positive
Jan 30, 2026
Algoma Central Corporation announced that its board has approved a quarterly dividend of $0.21 per common share, payable on March 2, 2026 to shareholders of record as of February 13, 2026. The new payout represents a 5% increase from the prior $0....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.