ETF Managers Group LLC Sees Potential in Kaiser Aluminum Co. Investment
July 7, 2023
🌥️Trending News
ETF Managers Group LLC has taken a stake in Kaiser Aluminum ($NASDAQ:KALU) Co., a promising venture in the industrial products sector. Kaiser Aluminum is a leading producer and distributor of semi-fabricated aluminum products, as well as an aluminum foil converter. With its production capabilities spanning from specialty alloys to sheet and plate products to aluminum extrusions and precision components, Kaiser Aluminum provides solutions to some of the world’s most demanding markets. The company is renowned for its innovative approach to product development, including its proprietary technologies and custom-engineered solutions.
Its unique combination of technical expertise and product knowledge makes it an attractive investment opportunity for ETF Managers Group LLC. The company’s commitment to sustainable growth and success has been evident in its long-term strategy that has allowed it to succeed in the fiercely competitive global market. With a strong balance sheet and a broad set of capabilities, Kaiser Aluminum is positioned to capitalize on opportunities that present themselves in the future.
Stock Price
On Wednesday, KAISER ALUMINUM opened at $72.0 and closed at $70.9, a decrease of 2.8% from the previous closing price of $72.9. This minor dip may not be indicative of the company’s future prospects, as the long-term prospects for Kaiser Aluminum remain strong. As the market shows increasing signs of optimism for the future of this company, ETF Managers Group LLC has made an investment that may prove to be a wise decision in the long-run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kaiser Aluminum. More…
| Total Revenues | Net Income | Net Margin |
| 3.29k | -21.8 | -0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kaiser Aluminum. More…
| Operations | Investing | Financing |
| -63.1 | -125.8 | -56.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kaiser Aluminum. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.33k | 1.69k | 39.79 |
Key Ratios Snapshot
Some of the financial key ratios for Kaiser Aluminum are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.2% | -47.7% | 0.5% |
| FCF Margin | ROE | ROA |
| -6.3% | 1.7% | 0.5% |
Analysis
GoodWhale has analyzed KAISER ALUMINUM‘s financials and the results are interesting. According to our Star Chart, KAISER ALUMINUM has an intermediate health score of 6/10, suggesting that it is likely to sustain future operations in times of crisis. We have also identified that KAISER ALUMINUM is strong in dividend, medium in asset, growth and weak in profitability. Based on these results, we classify KAISER ALUMINUM as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This makes it an attractive option for investors looking for a safe and steady income stream. Given its strong dividend performance and strong cash flow, this company could be especially appealing to investors looking for a reliable, long-term dividend investment. More…
Peers
In the aluminum industry, Kaiser Aluminum Corp competes against Nippon Light Metal Holdings Co Ltd, Alumetal SA, and AMAG Austria Metall AG. Each company produces a variety of aluminum products that are used in a number of industries. While Kaiser Aluminum Corp is the largest aluminum producer in the United States, its competitors are also large producers with a global presence.
– Nippon Light Metal Holdings Co Ltd ($TSE:5703)
Nippon Light Metal Holdings Co. is a holding company that operates through its subsidiaries. The company is engaged in the smelting and refinement of metals, as well as the production and sale of metals and chemical products. Nippon Light Metal also manufactures and sells aluminum products, such as aluminum cans, aluminum foil, and aluminum sheets. The company was founded in 1950 and is headquartered in Tokyo, Japan.
– Alumetal SA ($LTS:0QWL)
Alumetal SA is a publicly traded company with a market capitalization of 1.04 billion as of 2022. The company’s primary business is the production and distribution of aluminum products. Alumetal SA has a return on equity of 18.83%.
– AMAG Austria Metall AG ($LTS:0Q7L)
AMAG Austria Metall AG is a leading metals and mining company with operations in Europe, North America, and Australia. The company has a market capitalization of 1.09 billion as of 2022 and a return on equity of 15.65%. AMAG produces a range of metals and minerals, including aluminum, copper, iron ore, and uranium. The company has a long history of operations and is a well-established player in the global metals and mining industry.
Summary
ETF Managers Group LLC has recently acquired a position in Kaiser Aluminum Co., a provider of high-value aluminum products for aerospace and high-strength, industrial, and automotive applications. The investment in Kaiser Aluminum is seen as a promising one due to the company’s strong fundamentals such as its resilient balance sheet, low debt-to-equity ratio, low price-to-earnings ratio, and strong cash flow.
Additionally, the company has seen an increase in sales driven by higher demand for aluminum products from multiple industries. Kaiser Aluminum also has a strong track record of dividend payments to shareholders and is dedicated to providing long-term value. All these factors make the company a good candidate for investors to consider.
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