NOT FOR DISTRIBUTION
Header cover image

Market Cap

US$1.4b

Last Updated

2021/05/07 23:01 UTC

Data Sources

Company Financials +

Executive Summary

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. More Details


Snowflake Analysis

Reasonable growth potential with worrying balance sheet.


Similar Companies

Share Price & News

How has Century Aluminum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CENX is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: CENX's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

1.0%

CENX

9.9%

US Metals and Mining

-0.3%

US Market


1 Year Return

226.7%

CENX

96.2%

US Metals and Mining

50.2%

US Market

Return vs Industry: CENX exceeded the US Metals and Mining industry which returned 98.1% over the past year.

Return vs Market: CENX exceeded the US Market which returned 52.8% over the past year.


Shareholder returns

CENXIndustryMarket
7 Day1.0%9.9%-0.3%
30 Day3.8%13.1%2.2%
90 Day34.9%24.0%3.8%
1 Year226.7%226.7%100.4%96.2%52.7%50.2%
3 Year-0.4%-0.4%57.8%47.6%63.4%53.1%
5 Year141.7%141.7%151.7%129.4%129.6%104.0%

Long-Term Price Volatility Vs. Market

How volatile is Century Aluminum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Century Aluminum undervalued compared to its fair value and its price relative to the market?

3.49x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CENX ($15.24) is trading above our estimate of fair value ($14.68)

Significantly Below Fair Value: CENX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CENX is unprofitable, so we can't compare its PE Ratio to the US Metals and Mining industry average.

PE vs Market: CENX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CENX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CENX is overvalued based on its PB Ratio (3.4x) compared to the US Metals and Mining industry average (2.4x).


Future Growth

How is Century Aluminum forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

86.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CENX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: CENX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CENX's is expected to become profitable in the next 3 years.

Revenue vs Market: CENX's revenue (11.5% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: CENX's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CENX's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Century Aluminum performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CENX is currently unprofitable.

Growing Profit Margin: CENX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CENX is unprofitable, but has reduced losses over the past 5 years at a rate of 6.5% per year.

Accelerating Growth: Unable to compare CENX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CENX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (17.3%).


Return on Equity

High ROE: CENX has a negative Return on Equity (-63.83%), as it is currently unprofitable.


Financial Health

How is Century Aluminum's financial position?


Financial Position Analysis

Short Term Liabilities: CENX's short term assets ($440.9M) exceed its short term liabilities ($364.3M).

Long Term Liabilities: CENX's short term assets ($440.9M) do not cover its long term liabilities ($590.8M).


Debt to Equity History and Analysis

Debt Level: CENX's debt to equity ratio (77.1%) is considered high.

Reducing Debt: CENX's debt to equity ratio has increased from 25.4% to 77.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CENX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CENX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Century Aluminum current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CENX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CENX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CENX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CENX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CENX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Mike Bless (55 yo)

9.5yrs

Tenure

US$5,208,386

Compensation

Mr. Michael A. Bless, also known as Mike, has been the Chief Executive Officer and President at Century Aluminum Company since November 2011. Previously, Mr. Bless served as Chief Financial Officer of Cent...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD5.21M) is above average for companies of similar size in the US market ($USD3.76M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CENX's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: CENX's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CENX insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Century Aluminum Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Century Aluminum Company
  • Ticker: CENX
  • Exchange: NasdaqGS
  • Founded: 1981
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: US$1.372b
  • Shares outstanding: 90.09m
  • Website: https://centuryaluminum.com

Number of Employees


Location

  • Century Aluminum Company
  • One South Wacker Drive
  • Suite 1000
  • Chicago
  • Illinois
  • 60606
  • United States

Listings


Biography

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The company was incorporated in 1981 and is hea...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 23:01
End of Day Share Price2021/05/07 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.