Century Aluminum
Market Cap
US$680.1m
Last Updated
2020/10/26 05:22 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
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Fair value with mediocre 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.3%
CENX
2.5%
US Metals and Mining
0.4%
US Market
1 Year Return
23.2%
CENX
23.7%
US Metals and Mining
17.8%
US Market
Return vs Industry: CENX matched the US Metals and Mining industry which returned 23.7% over the past year.
Return vs Market: CENX exceeded the US Market which returned 17.8% over the past year.
Shareholder returns
| CENX | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 2.5% | 0.4% |
| 30 Day | 6.9% | 9.1% | 6.1% |
| 90 Day | 0.1% | 6.1% | 8.9% |
| 1 Year | 23.2%23.2% | 26.4%23.7% | 20.5%17.8% |
| 3 Year | -43.7%-43.7% | 18.1%10.3% | 42.3%32.9% |
| 5 Year | 105.4%105.4% | 101.3%83.2% | 84.2%63.4% |
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
1 week ago | Simply Wall St
Did Century Aluminum Company (NASDAQ:CENX) Insiders Sell Shares?1 month ago | Simply Wall St
Is There An Opportunity With Century Aluminum Company's (NASDAQ:CENX) 41% Undervaluation?1 month ago | Simply Wall St
Would Century Aluminum (NASDAQ:CENX) Be Better Off With Less Debt?Valuation
Is Century Aluminum undervalued compared to its fair value and its price relative to the market?
41.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CENX ($7.6) is trading below our estimate of fair value ($13.07)
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 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 good value based on its PB Ratio (1x) 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 3 analysts?
76.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CENX is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: CENX is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: CENX is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: CENX's revenue (5.3% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: CENX's revenue (5.3% 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
Next Steps
Past Performance
How has Century Aluminum performed over the past 5 years?
-3.2%
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 3.2% 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 (-34.9%).
Return on Equity
High ROE: CENX has a negative Return on Equity (-8.49%), as it is currently unprofitable.
Next Steps
Financial Health
How is Century Aluminum's financial position?
Financial Position Analysis
Short Term Liabilities: CENX's short term assets ($531.4M) exceed its short term liabilities ($249.6M).
Long Term Liabilities: CENX's short term assets ($531.4M) do not cover its long term liabilities ($625.7M).
Debt to Equity History and Analysis
Debt Level: CENX's debt to equity ratio (57.7%) is considered high.
Reducing Debt: CENX's debt to equity ratio has increased from 22.8% to 57.7% 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: Whilst unprofitable CENX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CENX is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 35.2% per year.
Next Steps
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?
2.3yrs
Average management tenure
CEO
Mike Bless (55 yo)
8.92yrs
Tenure
US$5,253,390
Compensation
Mr. Michael A. Bless, also known as Mike, has been the Chief Executive Officer and President at Century Aluminum Company since November 2011. Previously, Mr. Bless served as Chief Financial Officer of Cent ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD5.25M) is above average for companies of similar size in the US market ($USD2.94M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.92yrs | US$5.25m | 0.18% $ 1.2m | |
| Executive VP & CFO | 2.25yrs | US$1.24m | 0.0075% $ 50.8k | |
| Executive VP | 1.5yrs | US$2.46m | 0.065% $ 439.1k | |
| Executive VP of North American Operations | 6.58yrs | US$1.63m | 0.11% $ 750.2k | |
| Senior VP of Finance & Treasurer | 13.67yrs | US$968.65k | 0.070% $ 473.5k | |
| Global Controller & Principal Accounting Officer | 2.08yrs | no data | 0.037% $ 249.4k | |
| Deputy General Counsel | 1.5yrs | no data | no data | |
| Finance Manager | no data | no data | no data |
2.3yrs
Average Tenure
45yo
Average Age
Experienced Management: CENX's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.92yrs | US$5.25m | 0.18% $ 1.2m | |
| Independent Non-Executive Chairman | 2yrs | US$291.99k | 0.063% $ 428.2k | |
| Independent Director | 0.33yr | no data | 0.020% $ 138.5k | |
| Independent Director | 6.75yrs | US$209.99k | 0.0039% $ 26.6k | |
| Independent Director | 14.58yrs | US$198.51k | 0.040% $ 275.0k | |
| Director | 2.83yrs | no data | no data |
4.8yrs
Average Tenure
59.5yo
Average Age
Experienced Board: CENX's board of directors are considered experienced (4.8 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: 1995
- Industry: Aluminum
- Sector: Materials
- Market Cap: US$680.085m
- Shares outstanding: 89.48m
- 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 | 2020/10/26 05:22 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.