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Century Aluminum Company (CENX)CENX
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Upturn Advisory Summary
10/25/2024: CENX (3-star) is a STRONG-BUY. BUY since 20 days. Profits (12.51%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Strong Buy |
Historic Profit: -4.98% | Upturn Advisory Performance 3 | Avg. Invested days: 27 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 10/25/2024 |
Type: Stock | Today’s Advisory: Strong Buy |
Historic Profit: -4.98% | Avg. Invested days: 27 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 10/25/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.63B USD |
Price to earnings Ratio 8.16 | 1Y Target Price 19 |
Dividends yield (FY) - | Basic EPS (TTM) 2.15 |
Volume (30-day avg) 957298 | Beta 2.48 |
52 Weeks Range 6.25 - 21.37 | Updated Date 11/4/2024 |
Company Size Small-Cap Stock | Market Capitalization 1.63B USD | Price to earnings Ratio 8.16 | 1Y Target Price 19 |
Dividends yield (FY) - | Basic EPS (TTM) 2.15 | Volume (30-day avg) 957298 | Beta 2.48 |
52 Weeks Range 6.25 - 21.37 | Updated Date 11/4/2024 |
Earnings Date
Report Date 2024-11-04 | When AfterMarket |
Estimate 0.27 | Actual - |
Report Date 2024-11-04 | When AfterMarket | Estimate 0.27 | Actual - |
Profitability
Profit Margin 10.4% | Operating Margin (TTM) 1.14% |
Management Effectiveness
Return on Assets (TTM) 0.47% | Return on Equity (TTM) 41.45% |
Revenue by Products
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 8.16 | Forward PE - |
Enterprise Value 2036868927 | Price to Sales(TTM) 0.77 |
Enterprise Value to Revenue 0.97 | Enterprise Value to EBITDA 6.05 |
Shares Outstanding 92785600 | Shares Floating 52433172 |
Percent Insiders 43.79 | Percent Institutions 62.03 |
Trailing PE 8.16 | Forward PE - | Enterprise Value 2036868927 | Price to Sales(TTM) 0.77 |
Enterprise Value to Revenue 0.97 | Enterprise Value to EBITDA 6.05 | Shares Outstanding 92785600 | Shares Floating 52433172 |
Percent Insiders 43.79 | Percent Institutions 62.03 |
Analyst Ratings
Rating 3.67 | Target Price 7.67 | Buy - |
Strong Buy 1 | Hold 2 | Sell - |
Strong Sell - |
Rating 3.67 | Target Price 7.67 | Buy - | Strong Buy 1 |
Hold 2 | Sell - | Strong Sell - |
AI Summarization
Century Aluminum Company Overview
Company Profile:
Detailed History and Background:
Century Aluminum was established in 2001 and started operations in 2004. The company resulted from the purchase of the aluminum business of Falconbridge Limited (now named KGHM Polska Miedz S.A.) by Century Aluminum Limited. Century Aluminum later sold its Canadian facilities in 2004 and merged with Ravenswood Aluminum Corporation of Ravenswood, West Virginia, making it the largest secondary aluminum smelter in the US.
Core Business Areas:
Century Aluminum is primarily focused on the production of aluminum using secondary aluminum smelting processes. The company operates three aluminum smelters in the United States: Hawesville, Kentucky; Sebree, Kentucky; and Mt. Holly, South Carolina. These smelters utilize recycled aluminum scrap for production, making Century Aluminum a player in the sustainable manufacturing space.
Leadership Team and Corporate Structure:
The company is led by CEO Jesse Gary and is headquartered in Russellville, Arkansas. The leadership team boasts extensive experience in the aluminum industry, and the corporate structure is designed to focus on operational efficiency and cost effectiveness.
Top Products and Market Share:
Top Products and Offerings:
The company primarily produces two major types of aluminum: value-added and standard grade. Value-added aluminum includes casting alloys that are utilized in the automotive industry, while standard grade aluminum is typically used in the industrial sector.
Market Share:
Century Aluminum holds approximately 10% of the US primary aluminum market share and about 4% of the global market share. While a major player in the secondary aluminum market, the company faces significant competition from both primary and other secondary aluminum producers.
Total Addressable Market:
The global aluminum market is projected to reach a value of over $360 billion by 2028, with the demand driven by increasing automotive and construction needs in emerging economies. This represents a considerable opportunity for Century Aluminum to expand its market share.
Financial Performance:
Century Aluminum's recent financial performance has been impacted by volatile aluminum prices and changing market dynamics. The company reported $736 million in revenue in 2022, marking a substantial increase from 2021. However, net income for the same period was -$55 million. Looking at historical trends, the company's financial performance fluctuates significantly based on global demand and aluminum prices.
Dividends and Shareholder Returns:
Century Aluminum has a dividend history, though currently not paying dividends. In the past, the company's dividend yield ranged from 2% to 5%, depending on profitability. Shareholder return data is also variable due to the fluctuations in the company's share price.
Growth Trajectory:
While Century Aluminum has faced challenges in recent years, the company demonstrates potential for future growth. They are focused on increasing operational efficiency, reducing debt, and expanding market share. Additionally, the company is exploring growth opportunities in the automotive and aerospace industries.
Market Dynamics:
The aluminum industry is a highly competitive space with both primary and secondary producers vying for market share. Additionally, aluminum prices experience substantial fluctuations based on global supply and demand. Century Aluminum needs to adapt to these market dynamics through efficient operations, strategic partnerships, and development of new value-added products.
Competitors:
Century Aluminum’s major competitors include:
- Alcoa (AA)
- Novelis (NOVE)
- Constellium (CSTM)
- Rio Tinto (RIO)
- Norsk Hydro (NHY)
- United Company Rusal (Rusal) (RUEN)
Challenges and Opportunities:
Key Challenges:
- Volatile aluminum prices
- Intense competition from primary and secondary aluminum producers
- Shifting market dynamics and changing demand patterns
- Environmental regulations and sustainability concerns
Potential Opportunities:
- Continued growth of the aluminum market globally
- Increasing demand for sustainable production methods
- Growth in the automotive and aerospace industries
- Expanding production capacity and product offerings
Recent Acquisitions (last 3 years):
Century Aluminum has not undertaken any acquisitions in the last three years.
AI-Based Fundamental Rating:
Based on an AI-based system, Century Aluminium receives a fundamental rating of 6/10. While the company has faced financial challenges in recent years, it demonstrates potential for future growth through increased operational efficiency, debt reduction, and diversification in end markets.
Sources and Disclaimers:
This overview provides a general summary of Century Aluminum Company, and investors should undertake further independent research before making investment decisions. Additional information can be found on the company's website at www.centuryaluminum.com and financial reporting platforms. Data may vary, and sources may need to be revisited for current figures.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Century Aluminum Company
Exchange | NASDAQ | Headquaters | Chicago, IL, United States |
IPO Launch date | 1996-03-28 | President, CEO & Director | Mr. Jesse E. Gary |
Sector | Basic Materials | Website | https://centuryaluminum.com |
Industry | Aluminum | Full time employees | 2939 |
Headquaters | Chicago, IL, United States | ||
President, CEO & Director | Mr. Jesse E. Gary | ||
Website | https://centuryaluminum.com | ||
Website | https://centuryaluminum.com | ||
Full time employees | 2939 |
Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands. The company was founded in 1995 and is headquartered in Chicago, Illinois.
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