Added to YB: 2024-07-31
Pitch date: 2024-07-30
ALC.TO [bullish]
Algoma Central Corporation
+37.83%
current return
Author Info
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Company Info
Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers activities in Canada.
Market Cap
CAD 596.3M
Pitch Price
CAD 14.08
Price Target
N/A
Dividend
5.44%
EV/EBITDA
5.46
P/E
6.43
EV/Sales
1.43
Sector
Marine Transportation
Category
growth
Algoma Central Corporation - $ALC.TO
ALC.TO: 100+ yr marine transport co, 4 segments. Great Lakes barriers (locks, regs) limit competition. 7.5x P/E, 8-9x FCF. Tanker fleet growing 2.7x by 2026. 74% owned by E-L Financial. 5% yield, growing div. Trading below replacement value. 10% ROE, aiming for 9.5%. Risks: declining industry, slow growth.
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