Alcoa Corporation, together with its subsidiaries, engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally. The company operates through two segments, Alumina and Aluminum. It operates bauxite and other aluminous ores mining; and processes bauxite into alumina for sale to aluminum smelter customers and customers who process it into industrial chemical products through supply contracts to third parties, as well as aluminum smelting and casting businesses. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for transportation, building and construction, packaging, wire, other industrial markets, and traders. In addition, it provides energy that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania.
Aluminum Titan's Shift | Alcoa navigates complex landscape of tariffs and market dynamics, leveraging its vertically integrated structure and first quartile costs in bauxite and alumina production. |
Financial Resurgence | Projections indicate a dramatic turnaround for Alcoa, with net income expected to swing from a $405 million loss in 2023 to a $1,324 million profit by 2025. |
Tariff Mitigation | Explore Alcoa's strategy to redirect Canadian production to the EU market, potentially offsetting tariff impacts but risking market disruptions and logistical challenges. |
Market Dynamics | Rising alumina prices and strong global demand create opportunities for Alcoa, while tariffs and economic uncertainties pose significant threats to profitability. |
Metrics to compare | AA | Sector Sector - Average of metrics from a broad group of related Basic Materials sector companies | Relationship RelationshipAAPeersSector | |
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P/E Ratio | 8.4x | 9.3x | 2.6x | |
PEG Ratio | 0.04 | −0.31 | 0.00 | |
Price/Book | 1.4x | 1.7x | 1.6x | |
Price / LTM Sales | 0.7x | 1.4x | 1.3x | |
Upside (Analyst Target) | 9.0% | 9.5% | 17.6% | |
Fair Value Upside | Unlock | −5.2% | 0.7% | Unlock |