Alumina: Improved Alumina Price Lifts Near-Term Outlook
No-moat Alumina Limited's first-quarter 2024 earnings bettered the prior quarter, but that's not saying much given the sub-optimal performance for some time now.
No-moat Alumina Limited's first-quarter 2024 earnings bettered the prior quarter, but that's not saying much given the sub-optimal performance for some time now.
Alumina is a beneficiary of continued global economic growth and increased demand for aluminium via electrification of transport.
Aluminium is abundant. Barriers to entry in bauxite mining are low, and China's alumina production is willing to behave irrationally.
Metric
|
AWC
|
RIO
|
---|---|---|
Price/Earnings (Normalized) | — | 12.05 |
Price/Book Value | 2.14 | 2.65 |
Price/Sales | 6,000.25 | 2.62 |
Price/Cash Flow | 4,282.34 | 8.56 |
Metric
|
AWC
|
RIO
|
---|---|---|
Quick Ratio | 0.47 | 1.04 |
Current Ratio | 1.14 | 1.69 |
Interest Coverage | −6.58 | 8.04 |
Metric
|
AWC
|
RIO
|
---|---|---|
Return on Assets (Normalized) | −5.35% | 11.84% |
Return on Equity (Normalized) | −6.12% | 22.48% |
Return on Invested Capital (Normalized) | −4.21% | 19.38% |
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
---|---|---|---|---|---|
ALMMF
| Aluminum Corp of China Ltd Class H | — | Tcgzj | $16.0 Bil | |
NHYDY
| Norsk Hydro ASA ADR | — | Mmrp | $12.7 Bil | |
NHYKF
| Norsk Hydro ASA | — | Cmhv | $12.4 Bil | |
CHHQY
| China Hongqiao Group Ltd ADR | — | Kdqt | $11.8 Bil | |
CHHQF
| China Hongqiao Group Ltd | — | Jhs | $11.7 Bil | |
AA
| Alcoa Corp | Qywptstd | Tdjv | $6.5 Bil | |
CSTM
| Constellium SE Class A | — | Vyn | $3.1 Bil | |
AWCMY
| Alumina Ltd ADR | Jbymvqg | Qnpk | $2.9 Bil | |
AWCMF
| Alumina Ltd | — | Ptt | $2.9 Bil | |
CENX
| Century Aluminum Co | Sxb | Zxlz | $1.6 Bil |