Is Alcoa Corp Stock a Good Investment?
Alcoa Corp Investment Advice | AA |
- Examine Alcoa Corp's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Alcoa Corp's leadership team and their track record. Good management can help Alcoa Corp navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Metals & Mining space and any emerging trends that could impact Alcoa Corp's business and its evolving consumer preferences.
- Compare Alcoa Corp's performance and market position to its competitors. Analyze how Alcoa Corp is positioned in terms of product offerings, innovation, and market share.
- Check if Alcoa Corp pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Alcoa Corp's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Alcoa Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Alcoa Corp is a good investment.
Sell | Buy |
Hold
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Alcoa Corp Stock
Researching Alcoa Corp's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 76.0% of the company shares are held by institutions such as insurance companies. The book value of Alcoa Corp was presently reported as 20.32. The company recorded a loss per share of 1.56. Alcoa Corp last dividend was issued on the 29th of October 2024. The entity had 1000:801 split on the 1st of November 2016.
To determine if Alcoa Corp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Alcoa Corp's research are outlined below:
| Alcoa Corp appears to be risky and price may revert if volatility continues | |
| The company generated the yearly revenue of 10.55 B. Annual Net Loss to common stockholders was (773 M) with gross profit of 2.31 B. | |
| Alcoa Corp has a poor financial position based on the latest SEC disclosures | |
| Over 76.0% of the company shares are held by institutions such as insurance companies | |
| On 15th of November 2024 Alcoa Corp paid $ 0.1 per share dividend to its current shareholders | |
| Latest headline from thewest.com.au: Mining giant Alcoa digging up its past to keep Pinjarra plant filled |
Alcoa Corp Quarterly Liabilities And Stockholders Equity |
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Alcoa Corp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Alcoa Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Alcoa Corp's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 17th of April 2024 Upcoming Quarterly Report | View | |
| 17th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 15th of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Alcoa Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Alcoa Corp's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2016-12-01 | 2016-09-30 | 0.04 | 0.02 | -0.02 | 50 | ||
2017-01-24 | 2016-12-31 | 0.2 | 0.14 | -0.06 | 30 | ||
2024-07-17 | 2024-06-30 | 0.09 | 0.16 | 0.07 | 77 | ||
2018-04-18 | 2018-03-31 | 0.7 | 0.77 | 0.07 | 10 | ||
2020-01-15 | 2019-12-31 | -0.22 | -0.31 | -0.09 | 40 | ||
2019-04-17 | 2019-03-31 | -0.13 | -0.23 | -0.1 | 76 | ||
2017-04-24 | 2017-03-31 | 0.53 | 0.63 | 0.1 | 18 | ||
2019-10-16 | 2019-09-30 | -0.33 | -0.44 | -0.11 | 33 |
Alcoa Corp Target Price Consensus
Alcoa target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Alcoa Corp's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 14 | Strong Buy |
Most Alcoa analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Alcoa stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Alcoa Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationAlcoa Corp Target Price Projection
Alcoa Corp's current and average target prices are 46.43 and 35.27, respectively. The current price of Alcoa Corp is the price at which Alcoa Corp is currently trading. On the other hand, Alcoa Corp's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Alcoa Corp Market Quote on 30th of November 2024
Target Price
Analyst Consensus On Alcoa Corp Target Price
Alcoa Corp Analyst Ratings
Alcoa Corp's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Alcoa Corp stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Alcoa Corp's financials, market performance, and future outlook by experienced professionals. Alcoa Corp's historical ratings below, therefore, can serve as a valuable tool for investors.Know Alcoa Corp's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Alcoa Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Alcoa Corp backward and forwards among themselves. Alcoa Corp's institutional investor refers to the entity that pools money to purchase Alcoa Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Arga Investment Management, Lp | 2024-09-30 | 2.3 M | Antipodes Partners Limited | 2024-09-30 | 2.2 M | Encompass Capital Advisors Llc | 2024-09-30 | 2.1 M | Voloridge Investment Management, Llc | 2024-09-30 | 2.1 M | Norges Bank | 2024-06-30 | 2 M | Jpmorgan Chase & Co | 2024-06-30 | 1.9 M | Charles Schwab Investment Management Inc | 2024-09-30 | 1.9 M | Fisher Asset Management, Llc | 2024-09-30 | 1.9 M | Two Sigma Investments Llc | 2024-09-30 | 1.8 M | Vanguard Group Inc | 2024-09-30 | 25.8 M | Blackrock Inc | 2024-06-30 | 17.2 M |
Alcoa Corp's market capitalization trends
The company currently falls under 'Large-Cap' category with a market capitalization of 12 B.Market Cap |
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Alcoa Corp's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.05) | (0.04) | |
| Return On Capital Employed | (0.02) | (0.02) | |
| Return On Assets | (0.05) | (0.04) | |
| Return On Equity | (0.15) | (0.15) |
Determining Alcoa Corp's profitability involves analyzing its financial statements and using various financial metrics to determine if Alcoa Corp is a good buy. For example, gross profit margin measures Alcoa Corp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Alcoa Corp's profitability and make more informed investment decisions.
Please note, the presentation of Alcoa Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Alcoa Corp's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Alcoa Corp's management manipulating its earnings.
Evaluate Alcoa Corp's management efficiency
Alcoa Corp has Return on Asset (ROA) of 0.0186 % which means that for every $100 of assets, it generated a profit of $0.0186. This is way below average. Likewise, it shows a return on total equity (ROE) of (0.0714) %, which implies that it produced no returns to current stockholders. Alcoa Corp's management efficiency ratios could be used to measure how well Alcoa Corp manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to -0.04. The current year's Return On Capital Employed is expected to grow to -0.02. At present, Alcoa Corp's Net Tangible Assets are projected to decrease significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 46.1 M, whereas Total Assets are forecasted to decline to about 12.7 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 32.84 | 45.66 | |
| Tangible Book Value Per Share | 31.81 | 44.42 | |
| Enterprise Value Over EBITDA | 45.31 | 47.58 | |
| Price Book Value Ratio | 1.42 | 1.02 | |
| Enterprise Value Multiple | 45.31 | 47.58 | |
| Price Fair Value | 1.42 | 1.02 | |
| Enterprise Value | 6.5 B | 7.8 B |
Evaluating the management effectiveness of Alcoa Corp allows investors to assess its financial health and operational efficiency. Coupled with an analysis of its growth prospects and the current market dynamics, we evaluate the stock's true value and future potential. Key indicators such as revenue, earnings or debt levels are examined alongside external factors like economic trends and regulatory changes. The Alcoa Stock analysis seeks to determine whether the stock is undervalued, appropriately priced, or overvalued, thereby guiding your investment decisions.
Dividend Yield 0.0087 | Forward Dividend Yield 0.0087 | Forward Dividend Rate 0.4 | Beta 2.419 |
Basic technical analysis of Alcoa Stock
As of the 30th of November, Alcoa Corp shows the risk adjusted performance of 0.156, and Mean Deviation of 2.39. Alcoa Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Alcoa Corp's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Alcoa Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Alcoa Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Alcoa Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Tammi Jones over three weeks ago Acquisition by Tammi Jones of 960 shares of Alcoa Corp subject to Rule 16b-3 | ||
Tammi Jones over two months ago Acquisition by Tammi Jones of 4040 shares of Alcoa Corp subject to Rule 16b-3 | ||
Bevan John A over three months ago Acquisition by Bevan John A of 77 shares of Alcoa Corp subject to Rule 16b-3 | ||
Field Alistair over three months ago Acquisition by Field Alistair of 77 shares of Alcoa Corp subject to Rule 16b-3 | ||
Tammi Jones over six months ago Disposition of 1440 shares by Tammi Jones of Alcoa Corp at 30.67 subject to Rule 16b-3 | ||
Steven Williams over a year ago Acquisition by Steven Williams of 2577 shares of Alcoa Corp subject to Rule 16b-3 | ||
Tomas Sigurdsson over a year ago Acquisition by Tomas Sigurdsson of 13420 shares of Alcoa Corp subject to Rule 16b-3 | ||
John Slaven over a year ago Acquisition by John Slaven of 65870 shares of Alcoa Corp subject to Rule 16b-3 |
Alcoa Corp's Outstanding Corporate Bonds
Alcoa Corp issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Alcoa Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Alcoa bonds can be classified according to their maturity, which is the date when Alcoa Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US013822AG68 Corp BondUS013822AG68 | View | |
| ALCOA NEDERLAND HLDG Corp BondUS013822AE11 | View | |
| Alcoa Nederland Holding Corp BondUS013822AC54 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Howmet Aerospace 5,95 Corp BondUS013817AK77 | View | |
| Arconic 59 percent Corp BondUS013817AJ05 | View |
Understand Alcoa Corp's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Alcoa Corp's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.156 | |||
| Market Risk Adjusted Performance | 0.3233 | |||
| Mean Deviation | 2.39 | |||
| Semi Deviation | 2.45 | |||
| Downside Deviation | 2.8 | |||
| Coefficient Of Variation | 515.22 | |||
| Standard Deviation | 3.16 | |||
| Variance | 10.0 | |||
| Information Ratio | 0.1506 | |||
| Jensen Alpha | 0.3578 | |||
| Total Risk Alpha | 0.0759 | |||
| Sortino Ratio | 0.1703 | |||
| Treynor Ratio | 0.3133 | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 6.1 | |||
| Downside Variance | 7.82 | |||
| Semi Variance | 5.98 | |||
| Expected Short fall | (2.72) | |||
| Skewness | 0.313 | |||
| Kurtosis | 0.2688 |
| Risk Adjusted Performance | 0.156 | |||
| Market Risk Adjusted Performance | 0.3233 | |||
| Mean Deviation | 2.39 | |||
| Semi Deviation | 2.45 | |||
| Downside Deviation | 2.8 | |||
| Coefficient Of Variation | 515.22 | |||
| Standard Deviation | 3.16 | |||
| Variance | 10.0 | |||
| Information Ratio | 0.1506 | |||
| Jensen Alpha | 0.3578 | |||
| Total Risk Alpha | 0.0759 | |||
| Sortino Ratio | 0.1703 | |||
| Treynor Ratio | 0.3133 | |||
| Maximum Drawdown | 14.99 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 6.1 | |||
| Downside Variance | 7.82 | |||
| Semi Variance | 5.98 | |||
| Expected Short fall | (2.72) | |||
| Skewness | 0.313 | |||
| Kurtosis | 0.2688 |
Consider Alcoa Corp's intraday indicators
Alcoa Corp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Alcoa Corp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Alcoa Corp Corporate Filings
13A | 14th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
13A | 7th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 31st of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 24th of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Alcoa Stock media impact
Far too much social signal, news, headlines, and media speculation about Alcoa Corp that are available to investors today. That information is available publicly through Alcoa media outlets and privately through word of mouth or via Alcoa internal channels. However, regardless of the origin, that massive amount of Alcoa data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Alcoa Corp news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Alcoa Corp relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Alcoa Corp's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Alcoa Corp alpha.
Alcoa Corp Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Alcoa Corp can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Alcoa Corp Historical Investor Sentiment
Investor biases related to Alcoa Corp's public news can be used to forecast risks associated with an investment in Alcoa. The trend in average sentiment can be used to explain how an investor holding Alcoa can time the market purely based on public headlines and social activities around Alcoa Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Alcoa Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alcoa Corp and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Alcoa Corp news discussions. The higher the estimate score, the more favorable the investor's outlook on Alcoa Corp.
Alcoa Corp Maximum Pain Price across 2024-12-06 Option Contracts
Alcoa Corp's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Alcoa Corp close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Alcoa Corp's options.
Alcoa Corp Corporate Directors
| Carol Roberts | Independent Director | Profile | |
| James Hughes | Independent Director | Profile | |
| Kathryn Fuller | Independent Director | Profile | |
| Mary Citrino | Independent Director | Profile |
Already Invested in Alcoa Corp?
The danger of trading Alcoa Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alcoa Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alcoa Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alcoa Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alcoa Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For information on how to trade Alcoa Stock refer to our How to Trade Alcoa Stock guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.81 | Dividend Share 0.4 | Earnings Share (1.56) | Revenue Per Share 57.238 | Quarterly Revenue Growth 0.116 |
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Alcoa Corp's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.