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CENXCentury Aluminum Company
$33.47$3.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CENX logo

Century Aluminum Company

CENX
NASDAQ · Steel & Aluminum
$33.47
At close - Nov 6, 4:00 PM EST - USD
Market Cap$3.31B
P/E4.0x
52W High$70.43
Volume3.15M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Cyclical Peak Margins Mask Power Contract Risk

Century Aluminum is in the midst of a powerful cyclical upswing, with Q2 2026 revenue surging 19.7% YoY to $752.1M and gross margin expanding to 30.3% from 5.8% a year earlier, driving record EPS of $2.39.

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

CENX price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-76% Peers

P/E is 76% below peer median

03

Market leadership

RS 22 · Lag

Laggard (Underperforming 78% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 5
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 19.7% YoY in Q2 2026, with gross margin expanding to 30.3% from 5.8% a year earlier, though the record EPS of $2.39 included a $37.7M tax benefit.

Analyst Consensus+73.3% target
Hold(23 analysts)
10 Buy11 Hold2 Sell

The Bull Case

Upside Catalysts

Strong revenue growth potential

In a bull case with aluminum prices above $3,000/t, revenue growth could exceed +30% and EPS could jump significantly from a low base.

Attractive valuation metrics

The stock has a forward P/E of 3.91x and is currently trading 24% below its 52-week high, indicating potential upside.

Strategic joint venture expansion

The partnership with Emirates Global Aluminium to build a new primary aluminum plant in Oklahoma will more than double current U.S. primary aluminum capacity.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CENX-18.25%
S&P 500 (^GSPC)+7.63%
1-Year Return
CENX+15.49%
S&P 500 (^GSPC)+9.69%
3-Year Return
CENX+391.48%
S&P 500 (^GSPC)+95.42%
5-Year Return
CENX+142.19%
S&P 500 (^GSPC)+75.79%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
4.0x
Forward P/EExpansion
3.3x
EV/EBITDA0th %ile
5.2x
FCF YieldCash Flow
15.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
4.0x
93.3x
0th· Low
EV/EBITDA
5.2x
14.1x
0th· Low
Price/FCF
6.3x
105.8x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$17.81-46.8%
Base (Fair)$38.98+16.5%
Bull$53.82+60.8%
$17.81 Bear$38.98 Base$53.82 Bull
Current Market Price: $33.47
Trades at a 14.1% discount to Base DCF ($38.98)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$2.53B+13.9% YoY
Net income FY25
$42M-87.6% YoY
Free cash flow FY25
$85M+179.3% YoY
Operating margin FY25
6.3%+0.8 pts YoY
ROIC (FY25)9.5%
Avg ROIC 5Y3%
ROE (TTM)63.6%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
$2.58-3.4%
vs $2.67
$961M+1.0%
vs $952M
Q3 2026
Aug 6, 2026
$2.46+5.6%
vs $2.33
$752M-8.0%
vs $817M
Q2 2026
May 7, 2026
$1.06-8.6%
vs $1.16
$649M+2.0%
vs $636M
Q1 2026
Feb 19, 2026
$0.02-98.4%
vs $1.25
$634M-2.7%
vs $652M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·1d ago
Century Aluminum Company (CENX) Q3 2026 Earnings Call Transcript

Century Aluminum Company ( CENX ) Q3 2026 Earnings Call November 5, 2026 5:00 PM EST Company Participants Chad Rigg - Vice President of Finance & Treasurer Jesse Gary - President, CEO & Director Peter Trpkovski - Executive VP & CFO Conference Call Participants Nick Giles - B. Riley Securities, Inc., Research Division Matthew Key - Texas Capital Securities, Research Division Katja Jancic - BMO Capital Markets Equity Research Richard Garchitorena - Barclays Bank PLC, Research Division John Tumazos - John Tumazos Very Independent Research, LLC Timna Tanners - Wells Fargo Securities, LLC, Research Division Presentation Operator Hello, everyone.

The Motley Fool·1d ago
Century Aluminum: 3 Key Takeaways for Long-Term Investors

Third-quarter net sales reached nearly $1 billion. Third-quarter shipments rose 33% sequentially to 174,000 tons.

MarketBeat·2d ago
Century Aluminum Q3 Earnings Call Highlights

Century Aluminum NASDAQ: CENX reported third-quarter net sales of nearly $1 billion and adjusted EBITDA of $332 million as higher aluminum prices and increased shipments followed production restarts at its Mt. Holly and Grundartangi facilities.

Zacks Investment Research·2d ago
Century Aluminum (CENX) Surpasses Q3 Earnings Estimates

Century Aluminum (CENX) came out with quarterly earnings of $2.89 per share, beating the Zacks Consensus Estimate of $2.61 per share. This compares to earnings of $0.15 per share a year ago.

Filtered for Century Aluminum CompanyMore Headlines
04

Compare before deciding

Benchmark CENX against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Century Aluminum Company (CENX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CENX logoCENXCentury Aluminum CompanyCurrent
$33.47$3.31B3.9513.85%29.74%63.59%—
AA logoAAAlcoa Corporation
$39.54$10.43B6.885.31%10.68%21.25%1%
KALU logoKALUKaiser Aluminum Corporation
$106.84$1.75B8.2611.54%4.85%24.13%2.89%
CSTM logoCSTMConstellium SE
$21.81$2.96B5.2819.28%5.71%48.88%—
NEM logoNEMNewmont Corporation
$120.91$127.4B13.7522.16%35.05%26.32%0.83%
FCX logoFCXFreeport-McMoRan Inc.
$59.42$85.42B24.871.12%13.03%10.76%1.01%

Compare CENX vs Peers

Century Aluminum Company (CENX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AA

Most directly comparable listed peer for CENX.

Scale Benchmark

vs NEM

Larger-name benchmark to compare CENX against a more recognizable public peer.

Peer Set

Compare Top 5

vs AA, KALU, CSTM, NEM

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CENX SEC Filings & Documents

Century Aluminum Company (CENX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jun 17, 2026·SEC

Material company update

May 7, 2026·SEC

10-K Annual Reports

4
FY 2026

Mar 3, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Mar 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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CENX Frequently Asked Questions

Century Aluminum Company (CENX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Century Aluminum Company's revenue?

Century Aluminum Company (CENX) reported $3.00B in revenue over the trailing twelve months. Revenue was $2.53B in fiscal year 2025. That is 267% more than the $688.9M of fiscal year 1996.

How fast is Century Aluminum Company growing?

Century Aluminum Company (CENX) grew revenue by 18.7% over the trailing twelve months, compared with the twelve months before.

Is CENX profitable?

Yes. Century Aluminum Company (CENX) earned $891.2M in net income over the trailing twelve months (a 29.7% net margin).

Dividend & Returns
What is CENX's return on equity?

Century Aluminum Company (CENX) had a return on equity (ROE) of 63.6% over the trailing twelve months. That is well above the market's typical 10-15%.

What is Century Aluminum Company's free cash flow?

Century Aluminum Company (CENX) generated $526.4M in free cash flow over the trailing twelve months.

What if you invested $1,000 in CENX back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →