Century Aluminum Intrinsic Value Calculator – CENTURY ALUMINUM Reports Q2 Earnings Results for FY2023
August 13, 2023
🌥️Earnings Overview
CENTURY ALUMINUM ($NASDAQ:CENX) reported that their total revenue for the second quarter of FY2023, ending on June 30 2023, had decreased by 32.8% to USD 575.5 million compared to the same period of the previous year. Net income in the same period also experienced a 79.9% decrease to USD 7.5 million from the same period of the previous year, which was announced on August 9 2023.
Stock Price
On Wednesday, CENTURY ALUMINUM reported its Q2 earnings results for FY2023. The stock opened at $9.0 and closed at $9.0, which was slightly up from the last closing price of $9.0. Operating expenses declined by 3%, mainly due to lower raw material costs and efficiency gains. The strong results reported by CENTURY ALUMINUM indicate that the company is in a solid financial position.
Investors reacted positively to the news of the quarterly earnings report, as evidenced by the 0.1% increase in the company’s stock price. Going forward, CENTURY ALUMINUM is confident that its strategic investments and cost control measures will help it maintain sustained profitability and growth in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Century Aluminum. More…
| Total Revenues | Net Income | Net Margin |
| 2.29k | -97 | -3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Century Aluminum. More…
| Operations | Investing | Financing |
| -44.6 | -51 | 124.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Century Aluminum. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.75k | 1.34k | 4.04 |
Key Ratios Snapshot
Some of the financial key ratios for Century Aluminum are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.6% | -16.8% | -3.2% |
| FCF Margin | ROE | ROA |
| -5.0% | -12.6% | -2.7% |
Analysis – Century Aluminum Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of CENTURY ALUMINUM‘s financials using our proprietary Valuation Line. We have come to the conclusion that the intrinsic value of CENTURY ALUMINUM’s share is around $10.4. Therefore, this presents an opportunity for investors to get a great bargain. More…
Peers
The company’s main competitors are Tianshan Aluminum Group Co Ltd, Noranda Aluminum Holding Corp, and Nanjing Yunhai Special Metals Co Ltd.
– Tianshan Aluminum Group Co Ltd ($SZSE:002532)
Tianshan Aluminum Group Co Ltd is a Chinese aluminum producer. The company has a market cap of 30.98B as of 2022 and a Return on Equity of 16.7%. Tianshan Aluminum Group Co Ltd produces aluminum products for a variety of industries including construction, transportation, and packaging. The company has a strong presence in China and also exports its products to over 50 countries around the world.
– Noranda Aluminum Holding Corp ($OTCPK:NORNQ)
Noranda Aluminum Holding Corp is a Canada-based company that is engaged in the production of aluminum products. The Company operates through two segments: primary aluminum and alumina. The Company’s primary aluminum segment smelts and refines primary aluminum. The Company’s alumina segment mines, refines and markets alumina. The Company’s products include primary aluminum, alumina, aluminum fluoride, aluminum chloride and sodium aluminum fluoride.
– Nanjing Yunhai Special Metals Co Ltd ($SZSE:002182)
Nanjing Yunhai Special Metals Co Ltd is a Chinese company that manufactures and sells specialty metals. It has a market capitalization of 14.83 billion as of 2022 and a return on equity of 18.83%. The company produces a variety of metals such as titanium, zirconium, nickel, and tungsten. It also manufactures and sells a variety of products made from these metals, such as pipes, tubing, and fittings. The company has a strong presence in China and Asia, and its products are used in a variety of industries including aerospace, chemical processing, and oil and gas.
Summary
Investors may want to take a closer look at Century Aluminum following the company’s second quarter earnings report. Total revenue for the quarter ended June 30 2023, was USD 575.5 million, down 32.8% from the same period a year ago. Additionally, net income for the quarter was USD 7.5 million, a decrease of 79.9% compared to the year prior. Although the results are concerning, investors will want to review any potential catalysts that could drive investor sentiment and revenue growth going forward.
