Century Historical Cash Flow
| CENX Stock | USD 16.01 1.34 7.72% |
Analysis of Century Aluminum cash flow over time is an excellent tool to project Century Aluminum future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change In Cash of 36.5 M or Stock Based Compensation of 6.9 M as it is a great indicator of Century Aluminum ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Century Aluminum latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Century Aluminum is a good buy for the upcoming year.
Century |
About Century Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Century balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Century's non-liquid assets can be easily converted into cash.
Century Aluminum Cash Flow Chart
Century Cash Flow Statement became part of mandatory reporting in 1987. It is now one of three main statements in accounting used to measure how well a company manages its liquidity and overall cash position. The rate of cash utilization and preservation is now part of the leading indicators of a healthy entity, and the Century Aluminum Cash Flow Statement shows how well the company generates cash to payout debt obligations or to cover ongoing operating expenses.
At this time, Century Aluminum's Sale Purchase Of Stock is fairly stable compared to the past year. Net Borrowings is likely to rise to about 104.7 M in 2024, whereas Other Cashflows From Financing Activities is likely to drop slightly above 35 M in 2024. Add Fundamental
Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by Century Aluminum to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Century Aluminum operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Most accounts from Century Aluminum's cash flow statement are interrelated and interconnected. However, analyzing cash flow 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 cash flow 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.At this time, Century Aluminum's Sale Purchase Of Stock is fairly stable compared to the past year. Net Borrowings is likely to rise to about 104.7 M in 2024, whereas Other Cashflows From Financing Activities is likely to drop slightly above 35 M in 2024.
Century Aluminum cash flow statement Correlations
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Century Aluminum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Century Aluminum cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 4.4M | (15.5M) | (134.5M) | (12.8M) | 25.8M | 27.1M | |
| Free Cash Flow | (41.9M) | 29.5M | (147.7M) | (60.4M) | 10.6M | 11.1M | |
| Change In Working Capital | 11.5M | 24.4M | (73.5M) | (39M) | 23.5M | 24.7M | |
| Other Cashflows From Financing Activities | 431.5M | 501.4M | 1.3B | 1.2B | 36.8M | 35.0M | |
| Depreciation | 83.2M | 83M | 82.6M | 73.4M | 74.7M | 67.4M | |
| Other Non Cash Items | 3.8M | 58.8M | (3.7M) | (38M) | 198.8M | 208.7M | |
| Capital Expenditures | 83M | 59.6M | 13.4M | 86.3M | 95M | 99.8M | |
| Total Cash From Operating Activities | 17.7M | 42.9M | (64.7M) | 25.9M | 105.6M | 110.9M | |
| Net Income | (80.8M) | (123.3M) | (167.1M) | (14.1M) | (43.1M) | (45.3M) | |
| Total Cash From Financing Activities | 21.1M | 13.5M | 103.7M | 74.4M | (13M) | (12.4M) | |
| Change To Account Receivables | 12.4M | 19.1M | (16.2M) | 13.7M | (33.8M) | (32.1M) | |
| Other Cashflows From Investing Activities | 100K | 20.8M | 1.6M | 400K | 360K | 342K | |
| Investments | 20.8M | (11.8M) | 1.6M | (85.5M) | (33M) | (31.4M) | |
| Change Receivables | (51.8M) | 5.3M | 39.9M | (15.5M) | (14.0M) | (13.3M) | |
| Net Borrowings | 388.1M | 250M | 129.4M | 75.9M | 87.3M | 104.7M | |
| Total Cashflows From Investing Activities | (38.8M) | (11.8M) | (82.6M) | (85.5M) | (77.0M) | (80.8M) | |
| Cash And Cash Equivalents Changes | 34.8M | (128.3M) | 44.6M | (43.6M) | (50.1M) | (52.6M) | |
| Cash Flows Other Operating | (4.5M) | (300K) | 2M | 11.1M | 12.8M | 13.4M | |
| Change To Netincome | 5.8M | 59.8M | 70.6M | 10M | 11.5M | 10.9M | |
| Change To Liabilities | 100K | (3M) | 88.1M | (15.8M) | (18.2M) | (17.3M) | |
| Change To Operating Activities | 17.9M | (1.8M) | 30.4M | (28.5M) | (25.7M) | (24.4M) |
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 |
| 0.88 | TX | Ternium SA ADR | PairCorr |
| 0.65 | WS | Worthington Steel | PairCorr |
Moving against Century Stock
| 0.89 | PKX | POSCO Holdings | PairCorr |
| 0.8 | X | United States Steel | PairCorr |
| 0.66 | PFH | Prudential Financial 4125 | PairCorr |
| 0.59 | PRS | Prudential Financial | PairCorr |
| 0.51 | MSB | Mesabi Trust | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.
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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.