Inside the research
Alcoa Corporation
AA Research profile · latest available data
Price overview
$42.85
▲ +0.17 (+0.4%)
| 52w hi | $83.63 |
|---|---|
| 52w lo | $31.20 |
| Vol | 3.40M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.18
| Short | -0.44 |
|---|---|
| Medium | -0.21 |
| Long | +0.42 |
computed 2026-09-27
Key fundamentals
Alcoa Corporation
Basic Materials · Aluminum
| Market cap | $11.31B |
|---|---|
| Enterprise value | $12.25B |
| Trailing P/E | 8.91x |
| Forward P/E | 7.56x |
| EV / EBITDA | 5.30x |
| P / S (ttm) | 0.83x |
| Profit margin | 9.4% |
| Return on equity | 18.2% |
| Revenue growth | +31.4% |
| Earnings growth | +146.8% |
| Debt / equity | 29.92 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.47 | |
| Sector | -0.02 | |
| Technical | -0.32 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Alcoa Corporation, together with its subsidiaries, engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally. The company operates through two segments: Alumina and Aluminum. It operates bauxite and other aluminous ores mining and processes bauxite into alumina for sale to aluminum smelter customers and customers who process it into industrial chemical products through supply contracts to third parties, as well as aluminum smelting and casting businesses. The company also offers aluminium powder and scrap and primary aluminum in the form of commodity grade ingot and value-add ingot to customers that produce products for transportation, building and construction, packaging, wire, and other industrial markets. In addition, it provides energy that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in May 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania.
Risk Metrics
| Beta vs SPX | 1.63 |
|---|---|
| Corr SPX | 0.49 |
| Annual vol | 53.4% |
| Annual ret | +26.0% |
| Sharpe | 0.49 |
| Max DD | -52.4% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $75.25 |
|---|---|
| High / Low | $92.00 / $52.00 |
| Median | $76.00 |
| Analysts | 13 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 8 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong Sell | 2 |
Recent rating actions
| 2026-05-07 | Wells Fargo | → Overweight |
| 2026-04-09 | Morgan Stanley | → Overweight |
| 2026-04-09 | JP Morgan | → Neutral |
| 2026-04-09 | BMO Capital | → Market Perform |
| 2026-04-07 | B. Riley Securities | → Buy |
| 2026-03-16 | Citigroup | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-16 | Earnings Release, Exhibits | read |
| 2026-07-02 | Material Agreement, Other Material Event… | read |
| 2026-07-01 | Reg FD Disclosure, Exhibits | read |
| 2026-05-11 | Officer / Director Change, Shareholder Vote… | read |
| 2026-05-04 | Material Agreement, Material Obligation… | read |
| 2026-04-16 | Earnings Release, Exhibits | read |
| 2026-04-14 | Other Material Event, Exhibits | read |
| 2026-01-22 | Earnings Release, Exhibits | read |
| 2025-11-25 | Other Material Event, Exhibits | read |
| 2025-10-22 | Earnings Release, Exhibits | read |
| 2025-09-30 | Restructuring, 2.06 | read |
| 2025-07-16 | Earnings Release, Exhibits | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 95.4% |
| HHI | 2,584 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $886.18M | 17.00M |
| State Street Corp | $567.07M | 10.88M |
| Citadel Advisors | $329.00M | 6.31M |
| AQR Capital Management | $213.08M | 4.09M |
| Millennium Management | $129.95M | 2.49M |
| Capital Research / Capital World | $69.96M | 1.34M |
| Renaissance Technologies | $29.50M | 565.70K |
| Bridgewater Associates | $3.50M | 67.04K |
| T. Rowe Price Group | $68.88K | 1.32M |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.47% |
|---|---|
| $ / share (TTM) | $0.20 |
| 5y CAGR | — |
Annual dividend per share
| 2021 | $0.10 |
|---|---|
| 2022 | $0.40 |
| 2023 | $0.40 |
| 2024 | $0.40 |
| 2025 | $0.40 |
| 2026 | $0.10 |
SEC Filings
The Long Run
FY 2016–2025 · 10 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $12.83B | +3.6% | |
| Net income | $1.16B | +220.0% | |
| Cash from ops | $91.00M | -27.2% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $42.52 | $43.18 | $42.25 | $42.85 | 3.40M |
| Sep 24 | $43.49 | $43.49 | $42.28 | $42.68 | 4.58M |
| Sep 23 | $44.11 | $44.86 | $43.97 | $44.02 | 3.28M |
| Sep 22 | $44.76 | $46.13 | $43.87 | $44.71 | 4.33M |
| Sep 21 | $44.36 | $44.90 | $44.28 | $44.64 | 3.10M |
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