ALCOA CORPORATION (AAI)
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AAI

AAI - ALCOA CORPORATION

FNArena Sector : Aluminium, Bauxite & Alumina
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 1.65
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$46.00

07 Aug
2025

-0.450

OPEN

$45.95

-0.97%

HIGH

$46.23

392,542

LOW

$45.66

TARGET
$50.00 8.7% upside
OTHER COMPANIES IN THE SAME SECTOR
A4N . CAA . CAY . LIN . RIO .
FNARENA'S MARKET CONSENSUS FORECASTS
AAI: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 507.3 xxx
DPS (cps) 61.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.2 xxx
Dividend Yield 1.3% xxx
Div Pay Ratio(%) 12.2% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 30/07 - (franking Ex-Di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx42.9
DPS All xxxxxxxxxxxxxxx30.0
Sales/Revenue xxxxxxxxxxxxxxx18,471.8 M
Book Value Per Share xxxxxxxxxxxxxxx3,223.8
Net Operating Cash Flow xxxxxxxxxxxxxxx943.0 M
Net Profit Margin xxxxxxxxxxxxxxx0.49 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx1.25 %
Return on Invested Capital xxxxxxxxxxxxxxx0.84 %
Return on Assets xxxxxxxxxxxxxxx0.42 %
Return on Equity xxxxxxxxxxxxxxx1.25 %
Return on Total Capital xxxxxxxxxxxxxxx14.56 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-72.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx183 M
Long Term Debt xxxxxxxxxxxxxxx4,350 M
Total Debt xxxxxxxxxxxxxxx4,532 M
Goodwill - Gross xxxxxxxxxxxxxxx1,428 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,033 M
Price To Book Value xxxxxxxxxxxxxxx1.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx879.3 M
Capex % of Sales xxxxxxxxxxxxxxx4.76 %
Cost of Goods Sold xxxxxxxxxxxxxxx16,201 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx503 M
Research & Development xxxxxxxxxxxxxxx86 M
Investments - Total xxxxxxxxxxxxxxx1,668 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

18/07/2025

3

Neutral

$50.00

8.70%

UBS describes Alcoa Corporation’s second quarter as solid, with adjusted earnings (EBITDA) of US$313m in line with consensus and EPS beating by 7%.

Free cash flow of US$357m exceeded expectations due to lower capex and a large working capital release, explain the analysts, reducing net debt to US$1.7bn from US$2.06bn in Q1.

UBS sees modest upside to the third quarter consensus earnings forecast based on spot prices and updated guidance, with a key catalyst being potential exemptions from Canadian aluminium tariffs under S232.

While the broker sees tariff removal as a net positive, delays to bauxite licences in WA may impact alumina output from 2027, while ongoing cash burn at San Ciprian remains a concern.

UBS retains a Neutral rating and an unchanged $50 target price on Alcoa Corp.

FORECAST
UBS forecasts a full year FY25 dividend of 61.86 cents and EPS of 507.27 cents.
UBS forecasts a full year FY26 dividend of 61.86 cents and EPS of 354.16 cents.
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EXTRA COVERAGE
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No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

AAI STOCK CHART

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What’s Happening Next Week?

May 01 2009 - FYI

Latest Aluminium, Bauxite & Alumina News

1
Is Aluminium Pivoting Towards A Structural Bull Market?

Sep 14 2021 - Commodities
2
Weekly Ratings, Targets, Forecast Changes – 17-07-20

Jul 20 2020 - Weekly Reports
3
Treasure Chest: Can Alumina Maintain Dividends?

Jul 11 2019 - Treasure Chest
4
Alumina Strikes Record Earnings, Dividend

Feb 25 2019 - Australia
5
Treasure Chest: More Upside For Alumina?

Apr 19 2018 - Treasure Chest
6
Weekly Ratings, Targets, Forecast Changes

Dec 12 2016 - Weekly Reports
7
Material Matters: US Energy, Coal, Chrome, Steel And Oz Miners

Nov 17 2016 - Commodities
8
Alumina Ltd Cuts A Better Deal From JV

Sep 05 2016 - Australia
9
Alumina Ltd Basks In Higher Margins

Jul 13 2016 - Australia
10
Next Week At A Glance

Jul 08 2016 - Weekly Reports