Century Aluminum Company
Find Ratings ReportsCENTURY ALUMINUM CO's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. CENTURY ALUMINUM CO has very weak liquidity. Currently, the Quick Ratio is 0.39 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 10.94% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 512.3 | 529.9 |
EBITDA ($mil) | 50.7 | -10.2 |
EBIT ($mil) | 31.3 | -26.1 |
Net Income ($mil) | 30.0 | -113.5 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 90.3 | 55.5 |
Total Assets ($mil) | 1852.2 | 1472.0 |
Total Debt ($mil) | 479.2 | 550.4 |
Equity ($mil) | 355.6 | 399.3 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 11.48 | 0.21 |
EBITDA Margin | 9.89 | -1.92 |
Operating Margin | 6.11 | -4.93 |
Sales Turnover | 1.18 | 1.89 |
Return on Assets | -2.32 | -0.95 |
Return on Equity | -12.12 | -3.53 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.14 | 1.65 |
Debt/Capital | 0.57 | 0.58 |
Interest Expense | 8.9 | 8.4 |
Interest Coverage | 3.52 | -3.11 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 92.69 | 92.32 |
Div / share | 0.0 | 0.0 |
EPS | 0.3 | -1.24 |
Book value / share | 3.84 | 4.33 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1553387.0 | 1232933.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. Conducting a second comparison, its price-to-book ratio of 3.07 indicates a significant discount versus the S&P 500 average of 4.68 and a significant premium versus the subsector average of 1.56. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. After reviewing these and other key valuation criteria, CENTURY ALUMINUM CO proves to trade at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CENX NM | Peers 15.23 | CENX 10.35 | Peers 9.34 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. CENX's P/E is negative making this valuation measure meaningless. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CENX is trading at a premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CENX 11.79 | Peers 11.93 | CENX NA | Peers 0.43 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. CENX is trading at a significant premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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CENX 3.07 | Peers 1.56 | CENX -85.18 | Peers 0.85 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CENX is trading at a significant premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CENX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CENX 0.50 | Peers 0.92 | CENX -21.32 | Peers -2.96 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CENX is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CENX significantly trails its peers on the basis of sales growth. |
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