Century Aluminum
Market Cap
US$604.5m
Last Updated
2019/12/07 23:34 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.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.6%
CENX
1.8%
US Metals and Mining
-0.3%
US Market
1 Year Return
-19.3%
CENX
11.7%
US Metals and Mining
18.6%
US Market
Return vs Industry: CENX underperformed the US Metals and Mining industry which returned 11.7% over the past year.
Return vs Market: CENX underperformed the US Market which returned 18.6% over the past year.
Shareholder returns
| CENX | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | 1.8% | -0.3% |
| 30 Day | -16.7% | 3.7% | 2.2% |
| 90 Day | 22.2% | 11.1% | 5.6% |
| 1 Year | -19.3%-19.3% | 15.1%11.7% | 21.1%18.6% |
| 3 Year | -29.0%-29.0% | 1.9%-3.5% | 45.6%36.2% |
| 5 Year | -68.7%-68.7% | 30.4%19.9% | 71.1%52.2% |
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
5 days ago | Simply Wall St
Before You Buy Century Aluminum Company (NASDAQ:CENX), Consider Its Volatility3 weeks ago | Simply Wall St
Have Century Aluminum Company (NASDAQ:CENX) Insiders Been Selling Their Stock?4 weeks ago | Simply Wall St
Century Aluminum Company Just Released Its Third-Quarter Earnings: Here's What Analysts ThinkValuation
Is Century Aluminum undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CENX ($6.94) is trading below our estimate of fair value ($129.78)
Significantly Below Fair Value: CENX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CENX is unprofitable, so we can't compare its PE Ratio to the 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 good value based on its PB Ratio (0.9x) compared to the US Metals and Mining industry average (1.6x).
Next Steps
Future Growth
How is Century Aluminum forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
111.9%
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 (1.7%).
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 (5.7% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: CENX's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CENX's Return on Equity is forecast to be low in 3 years time (4.2%).
Next Steps
Past Performance
How has Century Aluminum performed over the past 5 years?
-26.6%
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, and losses have increased over the past 5 years at a rate of -26.6% 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 (0.7%).
Return on Equity
High ROE: CENX has a negative Return on Equity (-20.44%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Century Aluminum's financial position?
Financial Position Analysis
Short Term Liabilities: CENX's short term assets ($474.1M) exceed its short term liabilities ($212.3M).
Long Term Liabilities: CENX's short term assets ($474.1M) do not cover its long term liabilities ($589.6M).
Debt to Equity History and Analysis
Debt Level: CENX's debt to equity ratio (43.1%) is considered high.
Reducing Debt: CENX's debt to equity ratio has increased from 24.1% to 43.1% over the past 5 years.
Balance Sheet
Inventory Level: CENX has a high level of physical assets or inventory.
Debt Coverage by Assets: CENX's debt is covered by short term assets (assets are 1.6x debt).
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.
Next Steps
Dividend
What is Century Aluminum's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CENX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CENX's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
What is the CEO of Century Aluminum's salary, the management and board of directors tenure and is there insider trading?
1.4yrs
Average management tenure
CEO
Mike Bless (54yo)
8.1yrs
Tenure
US$6,491,022
Compensation
Mr. Michael A. Bless, also known as Mike, has been the Chief Executive Officer and President at Century Aluminum Company since November 2011. Previously, Mr. Bless served as Chief Financial Officer of Cent ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD6.49M) is above average for companies of similar size in the US market ($USD2.63M).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
1.4yrs
Average Tenure
44yo
Average Age
Experienced Management: CENX's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Age and Tenure
5.9yrs
Average Tenure
54yo
Average Age
Experienced Board: CENX's board of directors are considered experienced (5.9 years average tenure).
Insider Trading
Insider Buying: CENX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 50,000 |
| Max Price | US$8.26 |
| Entity | Individual |
| Role | Chief Operating Officer COO, Executive VP & General Counsel |
| Shares | 15,244 |
| Max Price | US$8.36 |
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairman |
| Shares | 5,000 |
| Max Price | US$5.78 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 25,000 |
| Max Price | US$8.96 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Mike Bless (54yo)
President
- Tenure: 8.1yrs
- Compensation: US$6.49m
Morgan Walbridge
Deputy General Counsel
- Tenure: 0.7yrs
Jesse Gary (39yo)
COO, Executive VP & General Counsel
- Tenure: 0.7yrs
- Compensation: US$2.64m
Shelly Harrison (44yo)
Senior VP of Finance & Treasurer
- Tenure: 12.8yrs
- Compensation: US$896.62k
John Hoerner (62yo)
Executive VP of North American Operations
- Tenure: 5.8yrs
- Compensation: US$2.04m
Peter Trpkovski
Finance Manager
- Tenure: 0yrs
Craig Conti (41yo)
Executive VP & CFO
- Tenure: 1.4yrs
- Compensation: US$1.14m
Elisabeth Indriani
Global Controller & Principal Accounting Officer
- Tenure: 1.3yrs
Board Members
Andrew Michelmore (66yo)
Non-Executive Chairman
- Tenure: 1.2yrs
- Compensation: US$155.33k
Mike Bless (54yo)
President
- Tenure: 8.1yrs
- Compensation: US$6.49m
Errol Glasser (66yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$218.46k
Jarl Berntzen (52yo)
Independent Director
- Tenure: 13.8yrs
- Compensation: US$221.84k
Wilhelm Van Jaarsveld (35yo)
Independent Director
- Tenure: 2yrs
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: 1995
- Industry: Aluminum
- Sector: Materials
- Market Cap: US$604.478m
- Shares outstanding: 88.89m
- Website: https://centuryaluminum.com
Number of Employees
Location
- Century Aluminum Company
- One South Wacker Drive
- Suite 1000
- Chicago
- Illinois
- 60606
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CENX | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Mar 1996 |
| EY3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1996 |
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 founded in 1995 and is headquar ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/07 23:34 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.