Added to YB: 2026-10-06
Pitch date: 2026-09-29
CENX [bullish]
Century Aluminum Company
-6.17%
current return
Author Info
P14 Capital is a former buy-side research analyst who uncovers undervalued opportunities in SMID-cap equities. Long-biased and generalist. Sign up for the newsletter.
Company Info
Century Aluminum Company, together with its subsidiaries, produces primary aluminum and alumina in the United States and Iceland.
Market Cap
$3.5B
Pitch Price
$36.45
Price Target
60.00 (+75%)
Dividend
N/A
EV/EBITDA
7.82
P/E
5.91
EV/Sales
1.42
Sector
Metals and Mining
Category
value
$CENX - Century Aluminum Company
CENX: Century Aluminum trades at ~3.0x estimated FY27 EBITDA despite a production-led cash-flow inflection: Mt. Holly at full capacity and Grundartangi’s recovery should lift shipments 20.1% to 754.7 kMT, while flat LME and lower Midwest Premium assumptions still produce ~$1.3B of FY27 free cash flow. If Oklahoma stalls, normalized capex could enable major buybacks, supporting a ~$60 target and 56% upside; weaker tariffs, pricing or operations imply a ~$30 bear case.
Read full article (17 min)