CENX
Century Aluminum Company
CENX's fundamentals are strong and it looks cheap: trading at 4.2x earnings, about half its usual 8.5x. Analysts expect strong earnings growth, though they disagree widely on how much.
CENX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
CENX's revenue, profitability, cash flow and balance sheet are all currently strong.
CENX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.6x | $35.51 | — |
| Current | 4.2x | $35.51 | — |
| Cheap | 6x | $51.57 | +45% |
| Fair | 8.4x | $71.72 | +102% |
| Expensive | 27x | $234 | +559% |
Historical ranges are pointers, not guarantees.
CENX's PE is in its cheap range at 4.2x. If earnings grow as analysts expect, today's price would be 3.6x next year's earnings.
CENX Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for CENX, but weaker profitability. However, they disagree widely on these estimates.
CENX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.99 | +17% |
| Q3 2026 | $8.54 | +954% |
| Q2 2026 | $5.80 | +418% |
| Q1 2026 | $3.36 | +195% |
| Q4 2025 | $0.42 | -86% |
| Q3 2025 | $0.81 | -73% |
| Q2 2025 | $1.12 | -47% |
| Q1 2025 | $1.14 | -48% |
| Q4 2024 | $3.11 | +$3.58 |
CENX's earnings per share have jumped to their highest in seven years: $8.54 over the past year, up from $0.81 the year before.
CENX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $961.2M | +52% |
| Q2 2026 | $752.1M | +20% |
| Q1 2026 | $649.2M | +2.4% |
| Q4 2025 | $633.7M | +0.4% |
| Q3 2025 | $632.2M | +17% |
| Q2 2025 | $628.1M | +12% |
| Q1 2025 | $633.9M | +29% |
| Q4 2024 | $630.9M | +23% |
CENX's revenue has grown year over year for eight quarters in a row: $961M last quarter, up 52% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | +21 points |
| Q2 2026 | 28% | +25 points |
| Q1 2026 | 58% | +50 points |
| Q4 2025 | 5.2% | -2.6 points |
| Q3 2025 | 9.2% | -2.6 points |
| Q2 2025 | 3.3% | +2.2 points |
| Q1 2025 | 7.3% | +6.9 points |
| Q4 2024 | 7.8% | +2.1 points |
CENX's operating margin was 30% last quarter, up 21 points from the same quarter a year ago, near the top of its range since 2019.
CENX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $357.1M | +$375.2M |
| Q2 2026 | $108M | +$123.9M |
| Q1 2026 | -$6.4M | -113% |
| Q4 2025 | $67.7M | +$122.3M |
| Q3 2025 | -$18.1M | -$15.7M |
| Q2 2025 | -$15.9M | -$10.5M |
| Q1 2025 | $51.1M | +$95.6M |
| Q4 2024 | -$54.6M | -262% |
CENX's free cash flow has turned positive after five years mostly in the red: $526M over the past year.
CENX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +400K shares |
| 1 year | +6% | +6M shares |
| 3 years | +14% | +12.8M shares |
| 5 years | +17% | +15.1M shares |
| Available history | +18% | +16.4M shares |
CENX has 105M diluted shares, up 6% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
CENX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.4x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | 2.5x | Moderate |
CENX has more cash than debt.
CENX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.7 | Neutral |
| Stochastic | 16.2 | Oversold |
CENX's weekly RSI is 41 (neutral) and its Stochastic is 16 (oversold).
CENX PE vs Basic Materials Sector
| Metric | CENX | Sector median | Relative |
|---|---|---|---|
| PE | 4.2x | 19x | 78% below |
| PE % | 1 | 40 | 39 pts below |
CENX is trading at 4.2x earnings, a 78% discount to the Basic Materials sector's median of 19x.
CENX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.0 | 1.5% above |
| 20 week MA | $41.0 | 13% below |
| 50 week MA | $47.5 | 25% below |
| 100 week MA | $34.5 | 3.1% above |
| 200 week MA | $23.3 | 52% above |
CENX's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
CENX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.40 | $10.5 | +42% |
| 2021 | $10.5 | $16.8 | +60% |
| 2022 | $16.8 | $7.88 | -53% |
| 2023 | $7.88 | $12.1 | +54% |
| 2024 | $12.1 | $18.4 | +52% |
| 2025 | $18.4 | $40.2 | +118% |
| 2026 YTD | $40.2 | $35.5 | -12% |
CENX's yearly returns have swung widely, from +118% in 2025 to −53% in 2022. It's down 12% so far in 2026.