CSTM
Constellium SE
CSTM's fundamentals are strong and it looks cheap: trading at 5.5x earnings, about half its usual 12x. Analysts expect earnings to hold roughly steady.
CSTM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
CSTM's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
CSTM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 5.5x | $22.59 | — |
| Cheap | 6.7x | $27.51 | +22% |
| Forward | 8.6x | $22.59 | — |
| Fair | 12x | $48.94 | +117% |
| Expensive | 26x | $106 | +369% |
Historical ranges are pointers, not guarantees.
CSTM's PE is in its cheap range at 5.5x. On analysts' estimates for next year's earnings, today's price would be 8.6x.
CSTM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect CSTM's earnings, revenue and profitability to hold roughly steady.
CSTM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.63 | -36% |
| Q3 2026 | $4.09 | +376% |
| Q2 2026 | $3.87 | +1388% |
| Q1 2026 | $3.08 | +470% |
| Q4 2025 | $1.92 | +380% |
| Q3 2025 | $0.86 | +25% |
| Q2 2025 | $0.26 | -77% |
| Q1 2025 | $0.54 | -36% |
| Q4 2024 | $0.40 | -55% |
CSTM's earnings per share have jumped to their highest in seven years: $4.09 over the past year, up from $0.86 the year before.
CSTM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +22% |
| Q2 2026 | $2.7B | +31% |
| Q1 2026 | $2.5B | +24% |
| Q4 2025 | $2.2B | +31% |
| Q3 2025 | $2.2B | +19% |
| Q2 2025 | $2.1B | -2% |
| Q1 2025 | $2B | -5.2% |
| Q4 2024 | $1.7B | -26% |
CSTM's revenue has grown year over year for five quarters in a row: $2.6B last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.1% | +0.2 points |
| Q2 2026 | 7.8% | +5.1 points |
| Q1 2026 | 11% | +7.9 points |
| Q4 2025 | 7.5% | +5.7 points |
| Q3 2025 | 5.8% | +2.9 points |
| Q2 2025 | 2.7% | -4.4 points |
| Q1 2025 | 3.1% | -0.2 points |
| Q4 2024 | 1.8% | -3.1 points |
CSTM's operating margin was 6.1% last quarter, about level with the same quarter a year ago.
CSTM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $125M | +421% |
| Q2 2026 | $84M | +127% |
| Q1 2026 | $1M | +$12M |
| Q4 2025 | $109M | +$271.1M |
| Q3 2025 | $24M | +$35.1M |
| Q2 2025 | $37M | -55% |
| Q1 2025 | -$11M | +$4.6M |
| Q4 2024 | -$162.1M | -$100.9M |
CSTM's free cash flow has turned positive after two years mostly in the red: $319M over the past year.
CSTM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -1.2M shares |
| 1 year | -1.1% | -1.5M shares |
| 3 years | -6.5% | -9.7M shares |
| 5 years | -5.5% | -8.2M shares |
| Available history | -2.6% | -3.7M shares |
CSTM has 139M diluted shares, down 1.1% from a year ago, with $118M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $30M |
| Q2 2026 | $20M |
| Q1 2026 | $28M |
| Q4 2025 | $40M |
| Q3 2025 | $25M |
| Q2 2025 | $35M |
| Q1 2025 | $15M |
| Q4 2024 | $17.6M |
CSTM spent $118M buying back its own shares over the past year, up 27% from the year before.
CSTM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.5x | Healthy |
| Q2 2026 | 1.6x | Healthy |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 3.5x | Elevated |
| Q2 2025 | 4.2x | High |
| Q1 2025 | 3.6x | Elevated |
| Q4 2024 | 3.7x | Elevated |
CSTM's net debt is about 1.4 years of its operating earnings (EBITDA), down from 3.5 years a year ago.
CSTM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.2 | Neutral |
| Stochastic | 10.9 | Oversold |
CSTM's weekly RSI is 37 (neutral) and its Stochastic is 11 (oversold).
CSTM PE vs Basic Materials Sector
| Metric | CSTM | Sector median | Relative |
|---|---|---|---|
| PE | 5.5x | 19x | 70% below |
| PE % | 3 | 40 | 37 pts below |
CSTM is trading at 5.5x earnings, a 70% discount to the Basic Materials sector's median of 19x.
CSTM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $23.9 | 5.5% below |
| 20 week MA | $26.4 | 14% below |
| 50 week MA | $26.4 | 14% below |
| 100 week MA | $19.5 | 16% above |
| 200 week MA | $18.3 | 24% above |
CSTM has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 24% above its 200-week average.
CSTM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.7 | $13.6 | -0.4% |
| 2021 | $13.6 | $18.0 | +32% |
| 2022 | $18.0 | $11.8 | -35% |
| 2023 | $11.8 | $20.0 | +70% |
| 2024 | $20.0 | $10.2 | -49% |
| 2025 | $10.2 | $19.0 | +86% |
| 2026 YTD | $19.0 | $22.6 | +19% |
CSTM has finished lower in three of the last six years. It's up 19% so far in 2026.