Century Income Statement Research
| CENX Stock | USD 17.42 0.09 0.51% |
Century |
Most accounts from Century Aluminum's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Century Aluminum current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Century Aluminum Valuation and Century Aluminum Correlation analysis. For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.EBITDA is likely to rise to about 146.5 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 67.5 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 2.1B | 2.7B | 2.1B | 1.4B | EBITDA | 152.5M | 98.4M | 106.6M | 146.5M |
Century Aluminum income statement Correlations
Click cells to compare fundamentals
Century Aluminum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Century Aluminum income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 25.1M | 31.6M | 30.4M | 29.3M | 35.5M | 23.1M | |
| Total Revenue | 1.8B | 1.6B | 2.2B | 2.8B | 2.2B | 1.5B | |
| Gross Profit | (23.9M) | (36.5M) | 124.2M | 46.7M | 92M | 69.6M | |
| Operating Income | (72.4M) | (76.2M) | 66M | 25M | 31.9M | 30.5M | |
| Ebit | (72.4M) | (76.2M) | 66M | 25M | 31.9M | 30.3M | |
| Ebitda | 10.8M | 6.8M | 152.5M | 98.4M | 106.6M | 146.5M | |
| Cost Of Revenue | 1.9B | 1.6B | 2.1B | 2.7B | 2.1B | 1.4B | |
| Income Before Tax | (85.5M) | (126.3M) | (197.6M) | 33.4M | (66.8M) | (70.1M) | |
| Net Income | (77.1M) | (123.2M) | (167M) | (14M) | (43.1M) | (45.3M) | |
| Income Tax Expense | (8.4M) | (3.1M) | (30.6M) | 47.4M | (14.6M) | (13.9M) | |
| Tax Provision | (8.4M) | (3.1M) | (30.6M) | 47.4M | (38.4M) | (36.5M) | |
| Interest Income | 1.4M | 1.5M | 800K | 500K | 1.4M | 856.3K | |
| Net Interest Income | (24.3M) | (30.8M) | (29.6M) | (28.8M) | (33.6M) | (35.3M) |
Century Aluminum Investors Sentiment
The influence of Century Aluminum's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Century. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Century Aluminum's public news can be used to forecast risks associated with an investment in Century. The trend in average sentiment can be used to explain how an investor holding Century can time the market purely based on public headlines and social activities around Century Aluminum. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Century Aluminum'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 Century Aluminum's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Century Aluminum's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Century Aluminum.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Century Aluminum in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Century Aluminum's short interest history, or implied volatility extrapolated from Century Aluminum options trading.
Pair Trading with Century Aluminum
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Century Aluminum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Century Aluminum will appreciate offsetting losses from the drop in the long position's value.Moving together with Century Stock
| 0.97 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.92 | KALU | Kaiser Aluminum Earnings Call This Week | PairCorr |
| 0.88 | CSTM | Constellium Nv Earnings Call This Week | PairCorr |
Moving against Century Stock
| 0.73 | X | United States Steel Earnings Call This Week | PairCorr |
| 0.71 | NC | NACCO Industries | PairCorr |
| 0.7 | VALE | Vale SA ADR Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Century Aluminum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Aluminum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Century Aluminum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Century Aluminum to buy it.
The correlation of Century Aluminum is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Century Aluminum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Aluminum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Century Aluminum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Century Aluminum Valuation and Century Aluminum Correlation analysis. For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Century Stock analysis
When running Century Aluminum's price analysis, check to measure Century Aluminum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Century Aluminum is operating at the current time. Most of Century Aluminum's value examination focuses on studying past and present price action to predict the probability of Century Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Aluminum's price. Additionally, you may evaluate how the addition of Century Aluminum to your portfolios can decrease your overall portfolio volatility.
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Stocks Directory Find actively traded stocks across global markets | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |
Is Century Aluminum's industry 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 Century Aluminum. If investors know Century 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 Century Aluminum 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 (0.80) | Earnings Share (0.47) | Revenue Per Share 23.652 | Quarterly Revenue Growth (0.03) | Return On Assets 0.012 |
The market value of Century Aluminum is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Aluminum's value that differs from its market value or its book value, called intrinsic value, which is Century Aluminum'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 Century Aluminum's market value can be influenced by many factors that don't directly affect Century Aluminum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Century Aluminum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Aluminum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Aluminum'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.