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Also traded in: Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.59
AA's Cash-to-Debt is ranked lower than
70% of the 1515 Companies
in the Global Aluminum industry.

( Industry Median: 1683.91 vs. AA: 0.59 )
Ranked among companies with meaningful Cash-to-Debt only.
AA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.59  Med: 1.63 Max: N/A
Current: 0.59
Equity-to-Asset 0.34
AA's Equity-to-Asset is ranked lower than
78% of the 696 Companies
in the Global Aluminum industry.

( Industry Median: 0.59 vs. AA: 0.34 )
Ranked among companies with meaningful Equity-to-Asset only.
AA' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34  Med: 0.57 Max: 0.58
Current: 0.34
0.34
0.58
Altman Z-Score: 0.91
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 2/10

vs
industry
vs
history
Operating Margin % -0.19
AA's Operating Margin % is ranked lower than
55% of the 718 Companies
in the Global Aluminum industry.

( Industry Median: 1.27 vs. AA: -0.19 )
Ranked among companies with meaningful Operating Margin % only.
AA' s Operating Margin % Range Over the Past 10 Years
Min: -19.31  Med: -0.16 Max: 2.31
Current: -0.19
-19.31
2.31
Net Margin % -4.40
AA's Net Margin % is ranked lower than
57% of the 721 Companies
in the Global Aluminum industry.

( Industry Median: 0.10 vs. AA: -4.40 )
Ranked among companies with meaningful Net Margin % only.
AA' s Net Margin % Range Over the Past 10 Years
Min: -23.14  Med: -6 Max: -1.95
Current: -4.4
-23.14
-1.95
ROE % -3.60
AA's ROE % is ranked higher than
63% of the 1363 Companies
in the Global Aluminum industry.

( Industry Median: -10.74 vs. AA: -3.60 )
Ranked among companies with meaningful ROE % only.
AA' s ROE % Range Over the Past 10 Years
Min: -8.61  Med: -5.3 Max: -3.6
Current: -3.6
-8.61
-3.6
ROA % -2.46
AA's ROA % is ranked higher than
66% of the 1534 Companies
in the Global Aluminum industry.

( Industry Median: -9.85 vs. AA: -2.46 )
Ranked among companies with meaningful ROA % only.
AA' s ROA % Range Over the Past 10 Years
Min: -4.92  Med: -2.74 Max: -2.41
Current: -2.46
-4.92
-2.41
ROC (Joel Greenblatt) % 0.73
AA's ROC (Joel Greenblatt) % is ranked higher than
71% of the 1458 Companies
in the Global Aluminum industry.

( Industry Median: -14.33 vs. AA: 0.73 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
AA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.65  Med: 0.87 Max: 4.34
Current: 0.73
-0.65
4.34
GuruFocus has detected 2 Warning Signs with Alcoa Corp $AA.
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» AA's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

AA Guru Trades in

AA Guru Trades in

Q3 2016

AA Guru Trades in Q3 2016

Steven Romick 13,705,716 sh (unchged)
Manning & Napier Advisors, Inc 7,680,748 sh (unchged)
» More
Q4 2016

AA Guru Trades in Q4 2016

Paul Tudor Jones 106,256 sh (New)
David Einhorn 1,275,000 sh (New)
Paul Singer 10,237,457 sh (New)
Stanley Druckenmiller 1,200,800 sh (New)
First Pacific Advisors 6,514,702 sh (New)
Jim Simons 1,911,296 sh (New)
Mario Gabelli 287,250 sh (New)
Manning & Napier Advisors, Inc 3,750,311 sh (-51.17%)
Steven Romick 4,810,740 sh (-64.90%)
» More
» Details

Insider Trades

Latest Guru Trades with AA

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Business Description

Industry: Metals & Mining » Aluminum    NAICS: 331313    SIC: 3356
Compare:OTCPK:ALMMF, NAS:KALU, NAS:CENX, NYSE:CSTM, OTCPK:EORBF, OTCPK:NHYDY » details
Traded in other countries:185.Germany, AA1.Mexico,


Alcoa is a vertically integrated aluminum company involved in every phase of aluminum production, from bauxite mining to the manufacturing of finished aluminum goods. The firm is the world's largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain. Its rolling and casting operations manufacture finished aluminum goods that serve a wide variety of industrial end markets.

Guru Investment Theses on Alcoa Corp

Royce Funds Comments on Alcoa - Mar 15, 2016

RTI International Metals specializes in titanium and other metals and sells primarily to the aerospace industry. Its shares shot up quickly in March when Alcoa (NYSE:AA) announced an agreement to buy the company. Better-than-expected revenues helped the stock price of RF and mixed-signal integrated circuit specialist MaxLinear to climb in 2015 while earnings strength drove the rising share price of NeoPhotonics Corporation, which makes hybrid photonic integrated optoelectronic modules and subsystems for high-speed communications networks.





From the Royce Opportunity Fund fourth quarter 2015 commentary.



Check out Chuck Royce latest stock trades

Steven Romick Comments on Alcoa - Feb 01, 2016

Weak aluminum prices and inventory adjustments in the aerospace supply chain negatively impacted Alcoa (NYSE:AA)’s profitability and its stock price in 2015. We support the company’s decision to separate its highly engineered, value-added aerospace business from its commodity aluminum operations. As the price has declined in the last year, we have doubled the number of shares we own and are hopeful that the pending spin-off will create clarity and value for the enterprise.


From Steven Romick (Trades, Portfolio)'s FPA Crescent Fund 4th quarter commentary.

Check out Steven Romick latest stock trades

Top Ranked Articles about Alcoa Corp

First Pacific Advisors Buys Alcoa, Baidu,Yahoo The guru's largest investments in the 4th quarter
Robert L. Rodriguez, CFA, is the CEO of First Pacific Advisors (Trades, Portfolio), a Los Angeles-based institutional money management firm, employing a disciplined approach to value investing, prudently seeking superior long-term returns while maintaining a focus on capital preservation. During the fourth quarter the guru traded shares in the following stocks: Read more...
Gurus Trim Positions in Alcoa and Netflix High debt burden decreases growth potential
On the sell side, gurus reduced positions in Alcoa Inc. (NYSE:AA) and Netflix Inc. (NASDAQ:NFLX), two companies that have high debt burden. As these companies have declining financial strength, these companies have downside potential and possible bankruptcy risk. Read more...
First Pacific Advisors Invests in American Express, AIG, Alcoa Fund's largest buys in the 1st quarter
Robert L. Rodriguez, CFA, is the chief executive officer of First Pacific Advisors (Trades, Portfolio) Capital, which bought shares in many companies in the first quarter: Read more...
Steven Romick Adds to Stake in Alcoa Weak aluminum prices are likely to have influenced guru
Guru Steven Romick added 6,932,590 shares to his stake in Alcoa Inc. (NYSE:AA) in the first quarter. Read more...
Manning & Napier Exits Position in Apple Guru also divests stakes in Alcoa and Baidu in 1st quarter
Manning & Napier Advisors Inc. made several buys in the first quarter, and it bought or sold shares in a number of companies that sold for average prices in triple digits, but its top deal of the quarter was the sale of a stake for an average price that was just under triple digits. Read more...
Dismal Earnings Outlook Projected for 1st Quarter Analysts are projecting another down quarter for earnings with few growth catalysts in the short term
The S&P 500’s Alcoa (NYSE:AA) still continues to signify the beginning of earnings season, and this year’s first quarter appears to be one that will continue to see a continued decline in earnings growth. Analysts are projecting the fourth consecutive quarter of earnings declines for S&P 500 companies, and the outlook for Dow 30 companies appears to be similar with banks expected to report their worst earnings in 10 years. Read more...

Ratios

vs
industry
vs
history
Forward PE Ratio 15.92
AA's Forward PE Ratio is ranked lower than
57% of the 266 Companies
in the Global Aluminum industry.

( Industry Median: 13.70 vs. AA: 15.92 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 1.06
AA's PB Ratio is ranked higher than
74% of the 1744 Companies
in the Global Aluminum industry.

( Industry Median: 1.97 vs. AA: 1.06 )
Ranked among companies with meaningful PB Ratio only.
AA' s PB Ratio Range Over the Past 10 Years
Min: 0.91  Med: 1.12 Max: 1.24
Current: 1.06
0.91
1.24
PS Ratio 0.67
AA's PS Ratio is ranked higher than
79% of the 825 Companies
in the Global Aluminum industry.

( Industry Median: 1.88 vs. AA: 0.67 )
Ranked among companies with meaningful PS Ratio only.
AA' s PS Ratio Range Over the Past 10 Years
Min: 0.55  Med: 0.68 Max: 0.75
Current: 0.67
0.55
0.75
EV-to-EBIT 122.53
AA's EV-to-EBIT is ranked lower than
95% of the 655 Companies
in the Global Aluminum industry.

( Industry Median: 18.57 vs. AA: 122.53 )
Ranked among companies with meaningful EV-to-EBIT only.
AA' s EV-to-EBIT Range Over the Past 10 Years
Min: 109.5  Med: 126 Max: 135.8
Current: 122.53
109.5
135.8
EV-to-EBITDA 11.02
AA's EV-to-EBITDA is ranked higher than
52% of the 713 Companies
in the Global Aluminum industry.

( Industry Median: 10.94 vs. AA: 11.02 )
Ranked among companies with meaningful EV-to-EBITDA only.
AA' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.9  Med: 11.3 Max: 12.2
Current: 11.02
9.9
12.2
Current Ratio 1.13
AA's Current Ratio is ranked lower than
68% of the 1467 Companies
in the Global Aluminum industry.

( Industry Median: 2.21 vs. AA: 1.13 )
Ranked among companies with meaningful Current Ratio only.
AA' s Current Ratio Range Over the Past 10 Years
Min: 1.07  Med: 1.07 Max: 1.13
Current: 1.13
1.07
1.13
Quick Ratio 0.72
AA's Quick Ratio is ranked lower than
72% of the 1467 Companies
in the Global Aluminum industry.

( Industry Median: 1.72 vs. AA: 0.72 )
Ranked among companies with meaningful Quick Ratio only.
AA' s Quick Ratio Range Over the Past 10 Years
Min: 0.52  Med: 0.58 Max: 0.72
Current: 0.72
0.52
0.72
Days Inventory 54.47
AA's Days Inventory is ranked higher than
65% of the 583 Companies
in the Global Aluminum industry.

( Industry Median: 75.38 vs. AA: 54.47 )
Ranked among companies with meaningful Days Inventory only.
AA' s Days Inventory Range Over the Past 10 Years
Min: 25.97  Med: 53.89 Max: 54.47
Current: 54.47
25.97
54.47
Days Sales Outstanding 26.17
AA's Days Sales Outstanding is ranked higher than
58% of the 583 Companies
in the Global Aluminum industry.

( Industry Median: 35.22 vs. AA: 26.17 )
Ranked among companies with meaningful Days Sales Outstanding only.
AA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.39  Med: 13.16 Max: 26.17
Current: 26.17
12.39
26.17
Days Payable 67.24
AA's Days Payable is ranked higher than
62% of the 437 Companies
in the Global Aluminum industry.

( Industry Median: 49.53 vs. AA: 67.24 )
Ranked among companies with meaningful Days Payable only.
AA' s Days Payable Range Over the Past 10 Years
Min: 55.68  Med: 60.21 Max: 67.24
Current: 67.24
55.68
67.24

Buy Back

vs
industry
vs
history

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.12
AA's Price-to-Tangible-Book is ranked higher than
75% of the 1743 Companies
in the Global Aluminum industry.

( Industry Median: 2.17 vs. AA: 1.12 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
AA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.96  Med: 0.96 Max: 1.14
Current: 1.12
0.96
1.14
Price-to-Median-PS-Value 0.95
AA's Price-to-Median-PS-Value is ranked higher than
59% of the 751 Companies
in the Global Aluminum industry.

( Industry Median: 1.05 vs. AA: 0.95 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
AA' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.81  Med: 0.81 Max: 0.97
Current: 0.95
0.81
0.97
Earnings Yield (Greenblatt) % 0.79
AA's Earnings Yield (Greenblatt) % is ranked higher than
65% of the 1744 Companies
in the Global Aluminum industry.

( Industry Median: -2.50 vs. AA: 0.79 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
AA' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.7  Med: 0.8 Max: 0.9
Current: 0.79
0.7
0.9

More Statistics

Revenue (TTM) (Mil) $9,318
EPS (TTM) $ -1.57
Short Percentage of Float2.59%
52-Week Range $20.00 - 39.78
Shares Outstanding (Mil)184.22

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 10,709 10,788 10,939
EPS ($) 2.00 1.64 1.35
EPS without NRI ($) 2.00 1.64 1.35
EPS Growth Rate
(Future 3Y To 5Y Estimate)
1.70%
Dividends per Share ($)

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