AWC.AX - Alumina Limited

ASX - ASX Delayed Price. Currency in AUD
2.1600
-0.0300 (-1.37%)
At close: 4:10PM AEST
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Previous Close2.1900
Open2.2100
Bid2.3700 x 0
Ask1.9550 x 0
Day's Range2.1400 - 2.2100
52 Week Range2.1200 - 3.2000
Volume21,215,186
Avg. Volume12,086,319
Market Cap6.22B
Beta (3Y Monthly)0.83
PE Ratio (TTM)9.77
EPS (TTM)0.2210
Earnings DateAug 23, 2019
Forward Dividend & Yield0.39 (17.90%)
Ex-Dividend Date2019-02-26
1y Target Est2.09
  • A Spotlight On Alumina Limited's (ASX:AWC) Fundamentals
    Simply Wall St.

    A Spotlight On Alumina Limited's (ASX:AWC) Fundamentals

    Alumina Limited (ASX:AWC) is a company with exceptional fundamental characteristics. Upon building up an investment...

  • Thomson Reuters StreetEvents

    Edited Transcript of AWC.AX earnings conference call or presentation 20-Feb-19 11:00pm GMT

    Full Year 2018 Alumina Ltd Earnings Call

  • What You Must Know About Alumina Limited's (ASX:AWC) Financial Health
    Simply Wall St.

    What You Must Know About Alumina Limited's (ASX:AWC) Financial Health

    Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Alumina Limited...

  • Do You Know What Alumina Limited's (ASX:AWC) P/E Ratio Means?
    Simply Wall St.

    Do You Know What Alumina Limited's (ASX:AWC) P/E Ratio Means?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...

  • Reuters

    COLUMN-Chinese outages a reminder of aluminium's dirty secret: Andy Home

    Chinese alumina prices have jumped to a five-month high on news that at least two refineries in the province of Shanxi are being shut down pending environmental inspections. Shanghai aluminium prices have risen on concerns about the potential knock-on effect on metal production in China. Alumina is the intermediate product derived from bauxite used to smelt aluminium.

  • What Kind Of Shareholder Appears On The Alumina Limited's (ASX:AWC) Shareholder Register?
    Simply Wall St.

    What Kind Of Shareholder Appears On The Alumina Limited's (ASX:AWC) Shareholder Register?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! The big shareholder groups in Alumina Limited (ASX:AWC) have power over the company. Insiders of...

  • Is Alumina Limited's (ASX:AWC) ROE Of 30% Impressive?
    Simply Wall St.

    Is Alumina Limited's (ASX:AWC) ROE Of 30% Impressive?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work thro...

  • Shareholders Are Thrilled That The Alumina (ASX:AWC) Share Price Increased 111%
    Simply Wall St.

    Shareholders Are Thrilled That The Alumina (ASX:AWC) Share Price Increased 111%

    When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really flourishing, you can make more thanRead More...

  • US Aluminum Production Woefully Short of Demand despite Tariffs
    Market Realist

    US Aluminum Production Woefully Short of Demand despite Tariffs

    What's Changed after a Year of Trump’s Metal Tariffs?(Continued from Prior Part)US aluminum producers Previously, we looked at how Section 232 tariffs have lifted US steel production and also looked at steel companies’ investment plans after the

  • Analyzing Alcoa’s 2019 Outlook
    Market Realist

    Analyzing Alcoa’s 2019 Outlook

    Should You Expect More Gains from Alcoa in 2019?(Continued from Prior Part)Alcoa’s 2019 outlookIn the previous part, we discussed Alcoa’s valuation and earnings estimates. In this part, we’ll discuss Alcoa’s outlook after a reasonably strong

  • Is Alcoa Undervalued like Analysts’ Estimates Suggest?
    Market Realist

    Is Alcoa Undervalued like Analysts’ Estimates Suggest?

    Should You Expect More Gains from Alcoa in 2019?(Continued from Prior Part)AlcoaAs we noted in the previous part, brokerages are still bullish on Alcoa (AA). Although some analysts have lowered Alcoa’s target price, the consensus estimates still

  • Century Aluminum Company (CENX) Q4 2018 Earnings Conference Call Transcript
    Motley Fool

    Century Aluminum Company (CENX) Q4 2018 Earnings Conference Call Transcript

    CENX earnings call for the period ending December 31, 2018.

  • No Respite for Alcoa, China Exported Record Aluminum
    Market Realist

    No Respite for Alcoa, China Exported Record Aluminum

    US-China Trade Deficit Narrows: Will It Please Trump?(Continued from Prior Part)AlcoaIn the previous part, we noted that China’s steel exports rose in January. While China’s steel exports have been in a downtrend after hitting a record high in

  • Alumina Limited (ASX:AWC): Commentary On Fundamentals
    Simply Wall St.

    Alumina Limited (ASX:AWC): Commentary On Fundamentals

    Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on Alumina Limited (ASX:AWC) due to its excellent fundamentals in more than Read More...

  • Alcoa: Strong Q4 Numbers Can’t Hide Its Weakness
    Market Realist

    Alcoa: Strong Q4 Numbers Can’t Hide Its Weakness

    Alcoa: Strong Q4 Numbers Can’t Hide Its WeaknessAlcoaAlcoa (AA), the leading US-based aluminum producer (XME), released its fourth-quarter earnings on January 16 after the markets closed. The company reported revenues of $3.3 billion during the

  • Alcoa Corp (AA) Q4 2018 Earnings Conference Call Transcript
    Motley Fool

    Alcoa Corp (AA) Q4 2018 Earnings Conference Call Transcript

    AA earnings call for the period ending December 31, 2018.

  • Alcoa: 2019 Might Be the Real Test
    Market Realist

    Alcoa: 2019 Might Be the Real Test

    Alcoa: Could There Be a Surprise in Its Q4 Earnings? (Continued from Prior Part) ## Alcoa As we noted previously, aluminum producers, including Century Aluminum (CENX), fell sharply last year and aluminum prices fell. Alumina was relatively strong in 2018 amid supply disruptions. While Alcoa (AA) stock also fell last year, its earnings were actually strong due to higher alumina prices (AWC). Analysts polled by Thomson Reuters expect Alcoa to post an adjusted EBITDA of $3.0 billion in 2018, which is ~30% higher than its 2017 EBITDA. ## Fourth-quarter estimates Looking at the fourth-quarter estimates, Alcoa is expected to post revenues of $3.35 billion in the fourth quarter. The company posted revenues of $3.39 billion in the third quarter and $3.17 billion in the fourth quarter of 2017. Alcoa’s adjusted EBITDA is expected to fall to $717 million in the fourth quarter from $795 million in the third quarter. While Alcoa’s fourth-quarter numbers don’t look that bad, the real test could be in 2019. Analysts expect Alcoa’s adjusted EBITDA to fall to $531 million in the first quarter of 2019. Although analysts expect the company’s EBITDA to rise in the following quarters, the estimates seem to be assuming higher aluminum prices from the current levels. ## Key drivers Falling aluminum prices (RIO) have dented Chinese aluminum smelters’ profitability. Later in 2018, Chinese smelters decided on capacity curtailments. The situation is particularly bleak for smelters that don’t have captive alumina refineries. The alumina-to-aluminum ratio is elevated, which hurts standalone smelters’ earnings. While alumina has come off its highs and the alumina-to-aluminum ratio has come down, it’s still high compared to historical averages. Alumina prices might fall more in 2019, which could hurt integrated producers like Alcoa. Alcoa’s fiscal 2019 estimates appear to be on the higher side compared to other metal prices. Next, we’ll discuss how analysts are rating Alcoa before its fourth-quarter earnings release. Continue to Next Part Browse this series on Market Realist: * Part 1 - Alcoa: Could There Be a Surprise in Its Q4 Earnings? * Part 3 - Alcoa Stock: Analysts Might Be a Little Too Optimistic

  • Alcoa: Could There Be a Surprise in Its Q4 Earnings?
    Market Realist

    Alcoa: Could There Be a Surprise in Its Q4 Earnings?

    Alcoa: Could There Be a Surprise in Its Q4 Earnings? ## Alcoa Alcoa (AA), the leading US-based aluminum producer (XME), is scheduled to release its fourth-quarter earnings on January 16 after the markets close. Overall, 2018 was a terrible year for metal and mining companies. Alcoa wasn’t an exception. As aluminum prices fell amid concerns about China’s slowdown, aluminum producers, including Alcoa and Century Aluminum (CENX), also fell sharply. ## Aluminum prices Aluminum prices were volatile last year. In April, prices rose to multiyear highs following the RUSAL sanctions. However, we saw a sharp sell-off in aluminum after the sanctions were relaxed. The RUSAL sanctions could be waived after the company restructured its board towards the end of 2018. Alumina held the baton for volatility last year. Alumina saw several wide price swings. From the RUSAL sanctions to the curtailment of Norsk Hydro’s Alunorte refinery, a series of disruptions hit alumina markets (AWC) (S32). ## Fourth-quarter earnings While 2018 was a somber year for Alcoa, the company managed to generate a surprise in its third-quarter earnings. Alcoa posted better-than-expected earnings and announced a $200 million share buyback during its earnings release. The move led to a sharp rally in Alcoa’s stock after its third-quarter earnings release. However, we saw weakness in Alcoa in the fourth quarter amid the broader market sell-off. In this series, we’ll see what analysts expect from Alcoa’s fourth-quarter earnings. We’ll also discuss how analysts view Alcoa ahead of its fourth-quarter earnings release. Continue to Next Part Browse this series on Market Realist: * Part 2 - Alcoa: 2019 Might Be the Real Test * Part 3 - Alcoa Stock: Analysts Might Be a Little Too Optimistic

  • Estimating The Fair Value Of Alumina Limited (ASX:AWC)
    Simply Wall St.

    Estimating The Fair Value Of Alumina Limited (ASX:AWC)

    Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Alumina Limited (ASX:AWC) as an investment opportunity by estimating the company's Read More...

  • Should Alcoa Be on Your Shopping List for 2019?
    Market Realist

    Should Alcoa Be on Your Shopping List for 2019?

    As we noted previously in this series, Alcoa (AA) and other aluminum producers—including Century Aluminum (CENX)—are having a terrible year as aluminum prices have plunged. With the recent fall in aluminum prices, several Chinese smelters are losing money.

  • Would Alcoa Have Been Better Off without the Section 232 Tariffs?
    Market Realist

    Would Alcoa Have Been Better Off without the Section 232 Tariffs?

    In March, President Trump imposed a 10% tariff on aluminum imports. While Century Aluminum (CENX) responded positively to the move and announced a smelter restart a few days after the tariffs, Alcoa’s (AA) response was measured from the very beginning. The tariffs have affected Alcoa in several ways.

  • Alcoa Falls to Fresh Lows: What’s to Blame?
    Market Realist

    Alcoa Falls to Fresh Lows: What’s to Blame?

    Yesterday, the United States lifted sanctions on RUSAL, the leading Russian aluminum producer. In April, when the sanctions were imposed, aluminum prices (XME) surged to their highest level since 2011. Falling aluminum prices have also led to negative price movements for aluminum producers, such as Alcoa (AA) and Century Aluminum (CENX).

  • Is There a Buying Opportunity in Alcoa?
    Market Realist

    Is There a Buying Opportunity in Alcoa?

    Alcoa (AA), the leading US-based aluminum producer, fell 9.0% in November. Alcoa has fallen 41% in 2018. Century Aluminum (CENX) and Rio Tinto (RIO) have fallen 54% and 6.3% year-to-date, respectively, based on their closing prices on November 30. In this part, we’ll discuss why Alcoa stock fell 9% in November.