Alcoa Corp

Alcoa Corp

AA

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Market Cap$20.49B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Alcoa CorpAlcoa Corp200.52%15%1.7-

Earnings Call Q1 2026

April 16, 2026 - AI Summary

Strong Q1 start; execution + higher aluminum prices offset volume/friction (financial highlights) - Revenue: $3.2B, down 7% sequentially (mainly Alumina -33% from lower shipments, purchased/resold volumes, and Middle East/Cyclone logistics disruptions; Aluminum +3% from higher realized price and San Ciprián shipments). - Net income (attributable): $425M vs $213M prior quarter; EPS $1.60. - Adjusted EBITDA: $595M (+$68M QoQ), driven mainly by higher metal prices (LME and Midwest premium) with partial offset from lower shipping volumes.
Guidance / outlook: Q2 and full-year positioning remains intact, with specific cost/tail risks - Management expects to deliver a strong Q2 and full-year 2026; Alumina segment unfavorable by ~$15M and Aluminum favorable by ~$55M (netting to a positive skew for overall EBITDA vs segment headwinds). - Q2 alumina headwinds: guided lower bauxite offtake margins/volumes (~$10M) plus higher diesel energy costs (primarily mining diesel), with other energy/inputs lag effects. - Pricing benefit expected in Q2: higher LME and Midwest premium and higher shipments, but also tariff cost up ~ $35M (Canadian metal into the U.S. under Section 232).
Cash flow: EBITDA strength but seasonal working capital keeps free cash flow negative; delevering via note redemption - Cash: ended Q1 with $1.4B. - Free cash flow: - $298M (seasonal working capital build, capex, and environmental/ARO payments). - Adjusted net debt: $1.8B. - Capital allocation / balance sheet: on April 14 gave notice to redeem $219M of 2028 notes in May at par, expected to reduce interest expense to ~$135M for 2026 (slightly lower).

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$74.33

Target Price by Analysts

8.1% downsideAlcoa Target Price DetailsTarget Price
$4.77

Current Fair Value

94.1% downside

Overvalued by 94.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$20.49 Billion
Enterprise Value$19.45 Billion
Dividend Yield$0.40 (0.52%)
Earnings per Share$4.47
Beta1.51
Outstanding Shares263,650,023

Return

Return on Equity15.02%ROE
Return on Assets6.16%
Return on Invested Capital8.51%

Valuation & Multiples

P/E Ratio19.97P/E Ratio
PEG-88.99PEG
Price to Sales1.72Price to Sales
Price to Book Ratio3.11Price to Book Ratio
Enterprise Value to Revenue1.54
Enterprise Value to EBIT17.84
Enterprise Value to Net Income18
Total Debt to Enterprise0.02
Debt to Equity0.05Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 16, 2026
EPS Estimate
$1.60
Average shareholder expectation
Revenue Estimate
$3.28 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 15, 2026
EPS Estimate
$2.11
Average shareholder expectation
Revenue Estimate
$3.96 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.0334▼ 4.09%
Total Calls9,099,162▼ 24.63%
Total Puts9,403,200▼ 27.50%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %76.42%▼ 0.13%
Total Invested$13.20B▲ 23.88%
Investors Holding804▲ 109.00%

ESG Score

No data

About Alcoa Corp

14,600 employees
CEO: Roy Harvey

Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made alu...

Relevant Senate Committees

Finance

Has direct control over tax policy (corporate valuations) and international trade (tariffs, import/export regulations) which profoundly impact Alcoa's global operations and profitability.

Appropriations

Directly allocates federal spending for infrastructure, defense programs, and other areas that significantly drive demand for aluminum products, impacting Alcoa's order books.

Energy and Natural Resources

Aluminum smelting is extremely energy-intensive, making national energy policy and energy costs overseen by this committee critically important to Alcoa's operational expenses and profitability. Also impacts mining regulations.

Environment and Public Works

Directly regulates environmental compliance for Alcoa's mining, refining, and smelting operations (EPA), and promotes infrastructure projects which drive demand for aluminum.

Foreign Relations

As a global company, Alcoa is highly susceptible to U.S. foreign policy, international trade agreements, and sanctions that influence its operations, raw material access, and global markets.