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Earnings transcript
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AA
Alcoa Corporation
$50.18
2.7
(5.69%)
| Exchange: | NYSE |
| Market Cap: | 13.243B |
| Shares Outstanding: | 181.7M |
Delayed data
About The Company
| Sector: | Basic Materials | |||||
| Industry: | Aluminum | |||||
| CEO: | William F. Oplinger | |||||
| Full Time Employees: | 14900 | |||||
| Address: |
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| Website: | https://www.alcoa.com |
Alcoa Corporation stands as a global industrial leader, primarily focused on the production and sale of bauxite, alumina, and aluminum products. Its extensive operations span multiple continents, including North America (United States, Canada), Europe (Spain, Iceland, Norway), South America (Brazil), and Australia, along with other international markets. The company’s activities are strategically divided into three principal segments: Bauxite, Alumina, and Aluminum. Alcoa initiates its process with bauxite mining. This raw material is then refined into alumina, which is subsequently sold to customers for conversion into various industrial chemical products. Additionally, the company is involved in aluminum smelting and casting, supplying primary aluminum in forms like alloy or value-added ingots. These aluminum products cater to a diverse range of industries, including transportation, building and construction, packaging, wire manufacturing, and other industrial applications. Beyond its core metals business, Alcoa also operates hydroelectric power generation facilities. These plants generate and sell electricity into the wholesale market, serving a wide array of clients, from traders and large industrial consumers to distribution companies and other power generators. Founded in 1888, the company is headquartered in Pittsburgh, Pennsylvania. It officially adopted the name Alcoa Corporation in October 2016, prior to which it was known as Alcoa Upstream Corporation.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 10,706,000 | 12,184,000 | 12,831,000 |
| Gross Profit | 241,000 | 1,498,000 | 2,173,000 |
| EBITDA | 155,000 | 1,087,000 | 1,845,000 |
| Operating Income | -24,000 | 1,166,000 | 758,000 |
| Net Income | -651,000 | 60,000 | 1,157,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 14,155,000 | 14,064,000 | 16,212,000 |
| Total Liabilities | 8,310,000 | 8,907,000 | 10,003,000 |
| Total Stockholders Equity | 4,251,000 | 5,157,000 | 6,133,000 |
| Total Debt | 1,971,000 | 2,818,000 | 1,000 |
| Cash and Cash Equivalents | 944,000 | 1,138,000 | 1,597,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 91,000 | 622,000 | 1,185,000 |
| Capital Expenditure | -531,000 | -580,000 | -618,000 |
| Free Cash Flow | -440,000 | 42,000 | 567,000 |
| Net Income | -773,000 | 24,000 | 1,132,000 |
| Net Change in Cash | -427,000 | 187,000 | 458,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 12,539,030.117 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 14,792,259.168 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 13,684,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 1,315,643.211 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,552,060.659 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 1,435,777.849 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 253,840.441 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 299,454.867 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 277,019.241 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 4 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Alcoa reported a 15% sequential revenue increase in the fourth quarter of 2025, as highlighted in the earnings call transcript, reflecting strong operational performance and effective market positioning within the aluminum industry.
- Positive Industry Context: The company operates in the Materials sector, which may be benefiting from favorable industry trends, as evidenced by competitive performance metrics over various timeframes (1-week to 5-year periods) compared to sector averages.
- Operational Efficiency: Key financial metrics such as gross profit margin (TTM) and ROIC (TTM) indicate a solid operational foundation, supporting profitability and efficient capital utilization.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates AA intrinsic value between $2.91 – $344.73 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about AA valuation
Is Alcoa Corporation (AA) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Alcoa Corporation (AA) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is AA a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether AA trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is AA’s P/E ratio?
You can see AA’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for AA?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is AA a good long-term investment?
Whether AA fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
AA
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Daily snapshot
5.69
Trading Metrics:
| Open: | 48.75 | Previous Close: | 47.48 | |
| Day Low: | 48.7 | Day High: | 50.2 | |
| Year Low: | 28.92 | Year High: | 84.38 | |
| Price Avg 50: | 57.5 | Price Avg 200: | 56.14 | |
| Volume: | 5.345M | Average Volume: | 5.407M |
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YouTube Video Transcript: Comprehensive Stock Analysis of Alcoa Corporation (AA) Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive stock analysis of Alcoa Corporation, ticker symbol AA, a major player in the aluminum and bauxite industry. If you’re looking to understand whether Alcoa is a solid long-term investment or just a short-term play, stick around because we’re covering everything—from financials to recent performance, valuation, and even intrinsic value. Let’s get started! Alright, before we jump…
