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Century Aluminum

Nasdaq:CENX
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CENX
Nasdaq
$661M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. The last earnings update was 75 days ago. More info.


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  • Century Aluminum has significant price volatility in the past 3 months.
CENX Share Price and Events
7 Day Returns
4.6%
NasdaqGS:CENX
2.1%
US Metals and Mining
-1.2%
US Market
1 Year Returns
-44.4%
NasdaqGS:CENX
-13.8%
US Metals and Mining
3.3%
US Market
CENX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Century Aluminum (CENX) 4.6% 7.4% -15% -44.4% 10.7% -59.5%
US Metals and Mining 2.1% 3% 1.9% -13.8% 6.4% -16.5%
US Market -1.2% 0.8% 0.9% 3.3% 35.9% 41.7%
1 Year Return vs Industry and Market
  • CENX underperformed the Metals and Mining industry which returned -13.8% over the past year.
  • CENX underperformed the Market in United States of America which returned 3.3% over the past year.
Price Volatility
CENX
Industry
5yr Volatility vs Market

CENX Value

 Is Century Aluminum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Century Aluminum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Century Aluminum.

NasdaqGS:CENX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CENX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.062 (1 + (1- 21%) (48.44%))
1.314
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.314 * 5.96%)
10.56%

Discounted Cash Flow Calculation for NasdaqGS:CENX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Century Aluminum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:CENX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.56%)
2020 148.43 Analyst x3 134.26
2021 260.50 Analyst x1 213.11
2022 362.64 Est @ 39.21% 268.34
2023 465.15 Est @ 28.27% 311.32
2024 561.00 Est @ 20.61% 339.61
2025 646.51 Est @ 15.24% 353.99
2026 720.79 Est @ 11.49% 356.97
2027 784.66 Est @ 8.86% 351.48
2028 839.76 Est @ 7.02% 340.23
2029 887.92 Est @ 5.73% 325.38
Present value of next 10 years cash flows $2,994.69
NasdaqGS:CENX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $887.92 × (1 + 2.73%) ÷ (10.56% – 2.73%)
$11,649.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $11,649.65 ÷ (1 + 10.56%)10
$4,269.10
NasdaqGS:CENX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,994.69 + $4,269.10
$7,263.79
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,263.79 / 88.82
$81.78
NasdaqGS:CENX Discount to Share Price
Calculation Result
Value per share (USD) From above. $81.78
Current discount Discount to share price of $7.44
= -1 x ($7.44 - $81.78) / $81.78
90.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Century Aluminum is available for.
Intrinsic value
>50%
Share price is $7.44 vs Future cash flow value of $81.78
Current Discount Checks
For Century Aluminum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Century Aluminum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Century Aluminum's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Century Aluminum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Century Aluminum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CENX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-1.15
NasdaqGS:CENX Share Price ** NasdaqGS (2019-07-22) in USD $7.44
United States of America Metals and Mining Industry PE Ratio Median Figure of 45 Publicly-Listed Metals and Mining Companies 10x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Century Aluminum.

NasdaqGS:CENX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CENX Share Price ÷ EPS (both in USD)

= 7.44 ÷ -1.15

-6.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Century Aluminum is loss making, we can't compare its value to the US Metals and Mining industry average.
  • Century Aluminum is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Century Aluminum's expected growth come at a high price?
Raw Data
NasdaqGS:CENX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
105.6%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 23 Publicly-Listed Metals and Mining Companies 0.67x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Century Aluminum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Century Aluminum's assets?
Raw Data
NasdaqGS:CENX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.20
NasdaqGS:CENX Share Price * NasdaqGS (2019-07-22) in USD $7.44
United States of America Metals and Mining Industry PB Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 1.42x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.79x
NasdaqGS:CENX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CENX Share Price ÷ Book Value per Share (both in USD)

= 7.44 ÷ 8.20

0.91x

* Primary Listing of Century Aluminum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Century Aluminum is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Century Aluminum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Century Aluminum has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CENX Future Performance

 How is Century Aluminum expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
105.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Century Aluminum expected to grow at an attractive rate?
  • Century Aluminum's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Century Aluminum's earnings growth is expected to exceed the United States of America market average.
  • Century Aluminum's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CENX Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CENX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 105.6%
NasdaqGS:CENX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.8%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 22.3%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CENX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CENX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,120 188 175 3
2020-12-31 1,990 151 50 4
2019-12-31 1,883 18 -92 4
NasdaqGS:CENX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,929 -58 -101
2018-12-31 1,893 -69 -66
2018-09-30 1,840 -58 32
2018-06-30 1,759 18 72
2018-03-31 1,678 30 60
2017-12-31 1,589 52 45
2017-09-30 1,495 73 -157
2017-06-30 1,428 18 -235
2017-03-31 1,366 12 -251
2016-12-31 1,319 38 -252
2016-09-30 1,363 15 -127
2016-06-30 1,484 -5 -125

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Century Aluminum's earnings are expected to grow significantly at over 20% yearly.
  • Century Aluminum's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CENX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Century Aluminum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CENX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.99 1.99 1.99 1.00
2020-12-31 0.57 0.57 0.57 1.00
2019-12-31 -1.05 -1.00 -1.10 2.00
NasdaqGS:CENX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -1.15
2018-12-31 -0.76
2018-09-30 0.36
2018-06-30 0.82
2018-03-31 0.68
2017-12-31 0.51
2017-09-30 -1.80
2017-06-30 -2.69
2017-03-31 -2.88
2016-12-31 -2.90
2016-09-30 -1.46
2016-06-30 -1.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Century Aluminum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Century Aluminum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Century Aluminum has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CENX Past Performance

  How has Century Aluminum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Century Aluminum's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Century Aluminum does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Century Aluminum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Century Aluminum's 1-year growth to the US Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Century Aluminum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Century Aluminum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CENX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,928.70 -100.50 41.70
2018-12-31 1,893.20 -66.20 37.70
2018-09-30 1,840.18 31.71 42.95
2018-06-30 1,758.98 71.81 48.05
2018-03-31 1,677.80 59.50 49.40
2017-12-31 1,589.10 44.70 49.40
2017-09-30 1,495.04 -156.66 44.96
2017-06-30 1,428.09 -234.74 40.79
2017-03-31 1,366.04 -251.35 41.34
2016-12-31 1,319.10 -252.40 45.20
2016-09-30 1,363.17 -127.03 37.87
2016-06-30 1,484.06 -124.87 39.70
2016-03-31 1,680.80 -146.00 39.77
2015-12-31 1,949.86 -59.31 42.12
2015-09-30 2,117.18 53.40 46.24
2015-06-30 2,163.27 155.78 46.82
2015-03-31 2,098.11 205.10 47.43
2014-12-31 1,931.04 116.12 46.60
2014-09-30 1,780.98 36.81 51.08
2014-06-30 1,680.27 -18.96 44.76
2014-03-31 1,553.89 -66.34 51.51
2013-12-31 1,454.31 -40.31 53.31
2013-09-30 1,370.81 -37.55 47.85
2013-06-30 1,275.51 -40.06 51.21
2013-03-31 1,267.20 -23.64 40.99
2012-12-31 1,272.11 -35.61 39.46
2012-09-30 1,272.61 -57.30 26.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Century Aluminum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Century Aluminum has efficiently used its assets last year compared to the US Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Century Aluminum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Century Aluminum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Century Aluminum has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CENX Health

 How is Century Aluminum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Century Aluminum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Century Aluminum is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Century Aluminum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Century Aluminum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Century Aluminum Company Filings, last reported 3 months ago.

NasdaqGS:CENX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 728.10 295.30 22.20
2018-12-31 762.20 279.70 38.90
2018-09-30 833.50 270.60 73.40
2018-06-30 853.10 256.20 124.00
2018-03-31 830.40 256.10 130.80
2017-12-31 829.60 256.00 167.20
2017-09-30 773.09 255.85 174.21
2017-06-30 750.76 255.74 130.67
2017-03-31 742.74 255.62 125.90
2016-12-31 756.66 255.51 132.40
2016-09-30 937.52 255.41 117.59
2016-06-30 994.44 255.30 129.38
2016-03-31 1,002.85 255.20 126.46
2015-12-31 1,008.81 255.09 115.39
2015-09-30 1,071.27 254.99 122.98
2015-06-30 1,116.54 254.89 167.41
2015-03-31 1,138.95 254.80 226.43
2014-12-31 1,105.13 254.70 163.24
2014-09-30 1,054.33 254.61 133.41
2014-06-30 1,003.63 257.12 61.38
2014-03-31 983.12 257.03 52.50
2013-12-31 1,002.81 262.95 84.09
2013-09-30 965.52 273.59 140.80
2013-06-30 968.90 256.78 127.53
2013-03-31 992.01 258.68 195.47
2012-12-31 982.64 273.77 183.98
2012-09-30 1,009.65 258.12 173.38
  • Century Aluminum's level of debt (40.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (26.1% vs 40.6% today).
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.

  • Century Aluminum has less than a year of cash runway based on current free cash flow.
  • Century Aluminum has less than a year of cash runway if free cash flow continues to grow at historical rates of 50% each year.
X
Financial health checks
We assess Century Aluminum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Century Aluminum has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CENX Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Century Aluminum dividends. Estimated to be 0% next year.
If you bought $2,000 of Century Aluminum shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Century Aluminum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Century Aluminum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CENX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CENX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Century Aluminum has not reported any payouts.
  • Unable to verify if Century Aluminum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Century Aluminum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Century Aluminum has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Century Aluminum's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Century Aluminum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Century Aluminum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Century Aluminum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CENX Management

 What is the CEO of Century Aluminum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Bless
COMPENSATION $6,491,022
AGE 54
TENURE AS CEO 7.7 years
CEO Bio

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 Century Aluminum Co. from January 23, 2006 to November 2011 and its Acting Principal Financial Officer from December 2016 to July 16, 2018. Mr. Bless served as an Acting Chief Executive Officer, Acting President of Century Aluminum Company from November 2011 to February 7, 2012. Mr. Bless served as Executive Vice President at Century Aluminum Co since January 2006 and January 23, 2006 respectively. Mr. Bless served as Principal Accounting Officer of Century Aluminum Company. Mr. Bless served as the Managing Director of M. Safra & Co. from February 2005 to January 2006. Mr. Bless served as an Executive Vice President, finance and Chief Financial Officer of Maxtor Corporation from August 23, 2004 to October 14, 2004 and was responsible for the finance, accounting, treasury, Investor Relations and information technology functions. Mr. Bless served as Senior Vice President and Chief Financial Officer of Rockwell Automation, Inc. from June 2001 to January 5, 2004 and where he joined in 1997. Mr. Bless served as Vice President of Rockwell Automation from February 2001 to June 2001, Vice President, Finance of Rockwell Automation Control Systems from June 1999 to June 2001 and Vice President, Corporate Development and Planning of Rockwell Automation. During his tenure there, he served as Vice President, corporate development and planning and as Vice President, finance (Controller), of Rockwell Automation Controls Systems, Rockwell’s largest operating unit. He has been a Director at CNA Financial Corporation since October 13, 2017. He has been a Director of Simpson Manufacturing Co., Inc. since May 16, 2017. He was instrumental in the development and implementation of a program which resulted in a reduced cost structure and improved profitability as well as a broader growth platform for Maxtor Corp. Mr. Bless spent 10 years in investment banking, working for Merrill Lynch and Dillon, Read & Co. in a variety of areas, including M&A, equities, fixed income and restructurings. He has been a Director at Century Aluminum Company since December 4, 2012. He serves as National Trustee of Boys and Girls Clubs of America since January 2014. Mr. Bless serves on the Board of Directors for Midwest Region for Boys & Girls Club of America. Mr. Bless has an AB Degree from Princeton University.

CEO Compensation
  • Mike's compensation has increased whilst company is loss making.
  • Mike's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Century Aluminum management team in years:

2.4
Average Tenure
44
Average Age
  • The tenure for the Century Aluminum management team is about average.
Management Team

Mike Bless

TITLE
President
COMPENSATION
$6M
AGE
54
TENURE
7.7 yrs

Craig Conti

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
41
TENURE
1 yrs

Jesse Gary

TITLE
COO, Executive VP & General Counsel
COMPENSATION
$3M
AGE
39
TENURE
0.3 yrs

John Hoerner

TITLE
Executive VP of North American Operations
COMPENSATION
$2M
AGE
62
TENURE
5.3 yrs

Shelly Harrison

TITLE
Senior VP of Finance & Treasurer
COMPENSATION
$897K
AGE
44
TENURE
12.4 yrs

Elisabeth Indriani

TITLE
Global Controller & Principal Accounting Officer
TENURE
0.8 yrs

Ragnar Gudmundsson

TITLE
Managing Director of Nordural ehf. & Subsidiaries
TENURE
3.8 yrs

Morgan Walbridge

TITLE
Deputy General Counsel
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Century Aluminum board of directors in years:

5.5
Average Tenure
54
Average Age
  • The tenure for the Century Aluminum board of directors is about average.
Board of Directors

Andrew Michelmore

TITLE
Non-Executive Chairman
COMPENSATION
$155K
AGE
66
TENURE
0.8 yrs

Mike Bless

TITLE
President
COMPENSATION
$6M
AGE
54
TENURE
6.6 yrs

Jarl Berntzen

TITLE
Independent Director
COMPENSATION
$222K
AGE
52
TENURE
13.3 yrs

Errol Glasser

TITLE
Independent Director
COMPENSATION
$218K
AGE
66
TENURE
5.5 yrs

Wilhelm Van Jaarsveld

TITLE
Director
AGE
35
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Century Aluminum individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Jun 19 Buy Andrew Michelmore Individual 13. Jun 19 13. Jun 19 5,000 $5.78 $28,900
25. Mar 19 Sell Michael Bless Individual 21. Mar 19 21. Mar 19 -25,000 $8.96 $-224,000
31. Oct 18 Buy Jarl Berntzen Individual 30. Oct 18 30. Oct 18 10,000 $7.80 $78,000
31. Oct 18 Buy Andrew Michelmore Individual 29. Oct 18 29. Oct 18 5,000 $7.87 $39,350
X
Management checks
We assess Century Aluminum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Century Aluminum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CENX News

Simply Wall St News

Such Is Life: How Century Aluminum (NASDAQ:CENX) Shareholders Saw Their Shares Drop 67%

View our latest analysis for Century Aluminum Because Century Aluminum is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Century Aluminum grew its revenue by 15% over the last year. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

Simply Wall St -

Is Century Aluminum Company's (NASDAQ:CENX) CEO Salary Justified?

At the time of writing our data says that Century Aluminum Company has a market cap of US$600m, and is paying total annual CEO compensation of US$6.5m. … Thus we can conclude that Mike Bless receives more in total compensation than the median of a group of companies in the same market, and of similar size to Century Aluminum Company. … We compared the total CEO remuneration paid by Century Aluminum Company, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

An Intrinsic Calculation For Century Aluminum Company (NASDAQ:CENX) Suggests It's 30% Undervalued

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Century Aluminum Company (NASDAQ:CENX) as an investment opportunity. … Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. … View our latest analysis for Century Aluminum

Simply Wall St -

One Thing To Remember About The Century Aluminum Company (NASDAQ:CENX) Share Price

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Read This Before Selling Century Aluminum Company (NASDAQ:CENX) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Century Aluminum Company (NASDAQ:CENX). … The Last 12 Months Of Insider Transactions At Century Aluminum. … In any event it's generally a positive if insiders are buying shares at around the current price.

Simply Wall St -

Is Century Aluminum Company's (NASDAQ:CENX) 4.1% ROE Worse Than Average?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every $1 worth of shareholders' equity, it generated $0.041 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Century Aluminum Company's (NASDAQ:CENX) CEO Overpaid Relative To Its Peers?

In 2011 Mike Bless was appointed CEO of Century Aluminum Company (NASDAQ:CENX). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Mike Bless's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does The Century Aluminum Company (NASDAQ:CENX) Share Price Tend To Follow The Market?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What Investors Should Know About Century Aluminum Company's (NASDAQ:CENX) Financial Strength

While small-cap stocks, such as Century Aluminum Company (NASDAQ:CENX) with its market cap of US$754m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Should You Be Concerned About Century Aluminum Company's (NASDAQ:CENX) ROE?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Century Aluminum Company (NASDAQ:CENX). … That means that for every $1 worth of shareholders' equity, it generated $0.041 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

CENX Company Info

Description

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 founded in 1995 and is headquartered in Chicago, Illinois.

Details
Name: Century Aluminum Company
CENX
Exchange: NasdaqGS
Founded: 1995
$660,796,672
88,816,757
Website: http://centuryaluminum.com
Address: Century Aluminum Company
One South Wacker Drive,
Suite 1000,
Chicago,
Illinois, 60606,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CENX Common Stock Nasdaq Global Select US USD 29. Mar 1996
DB EY3 Common Stock Deutsche Boerse AG DE EUR 29. Mar 1996
Number of employees
Current staff
Staff numbers
2,069
Century Aluminum employees.
Industry
Aluminum
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 23:35
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.