Century Aluminum Company (CENX) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-104.1%

-$1.38

vs $33.53 price

Levered DCF

-$9.63

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	93.29×	5.27×	-25.83×	-54.53×	-8.95×	-7.99×	-8.64×	-9.62×
P/B	4.47×	2.43×	3.15×	1.87×	3.55×	1.81×	0.99×	0.84×
P/S	1.46×	0.76×	0.51×	0.27×	0.68×	0.62×	0.36×	0.34×
EV / EBITDA	28.86×	4.85×	34.72×	9.13×	-22.92×	-106.48×	40.89×	21.03×
Gross margin	10.1%	8.3%	4.2%	1.7%	5.6%	-2.3%	-1.3%	-1.2%
Operating margin	6.3%	5.5%	1.5%	-5.4%	3.0%	-5.0%	-3.9%	-3.1%
Net margin	1.7%	15.2%	-2.0%	-0.5%	-7.6%	-7.7%	-4.4%	-3.5%
Current ratio	1.97×	1.73×	1.01×	1.65×	1.13×	1.9×	2.09×	2.26×
Debt / equity	0.66×	0.75×	1.33×	1.37×	1.13×	0.62×	0.45×	0.37×
Interest coverage	3.31×	2.82×	0.9×	-5.13×	2.17×	-2.55×	-2.88×	-2.63×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.1%	48.5%	-12.1%	-3.5%	-39.7%	-22.6%	-12.0%	-8.7%
Return on invested capital	8.7%	7.8%	2.2%	5.3%	4.9%	-6.6%	-5.1%	-4.4%
Return on assets	1.8%	17.4%	-2.3%	-1.0%	-10.6%	-8.8%	-5.4%	-4.3%
Free cash flow yield	2.3%	-6.3%	0.9%	-8.1%	-9.9%	3.0%	-6.3%	-23.8%
Earnings yield	1.1%	19.9%	-3.8%	-1.9%	-11.2%	-12.5%	-12.1%	-10.3%
Enterprise value	$4.1B	$2.2B	$1.5B	$1.2B	$1.9B	$1.2B	$932.2M	$881.2M
Net debt / EBITDA	2.9×	1.08×	8.87×	3.63×	-5.26×	-22.1×	11.62×	5.75×
Cash conversion cycle (days)	104	95	68	40	56	55	64	63