ALCOA CORP (185.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:185 • US0138721065

48.375 EUR
-2.2 (-4.36%)
Last: Jan 30, 2026, 07:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to 185. 185 was compared to 44 industry peers in the Metals & Mining industry. While 185 is still in line with the averages on profitability rating, there are concerns on its financial health. 185 has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year 185 was profitable.
  • 185 had a positive operating cash flow in the past year.
  • In multiple years 185 reported negative net income over the last 5 years.
  • 185 had a positive operating cash flow in each of the past 5 years.
185.DE Yearly Net Income VS EBIT VS OCF VS FCF185.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

1.2 Ratios

  • 185 has a better Return On Assets (7.22%) than 70.45% of its industry peers.
  • 185 has a better Return On Equity (19.08%) than 86.36% of its industry peers.
  • 185 has a better Return On Invested Capital (7.05%) than 61.36% of its industry peers.
Industry RankSector Rank
ROA 7.22%
ROE 19.08%
ROIC 7.05%
ROA(3y)1.01%
ROA(5y)1.01%
ROE(3y)1.64%
ROE(5y)2.34%
ROIC(3y)N/A
ROIC(5y)N/A
185.DE Yearly ROA, ROE, ROIC185.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • Looking at the Profit Margin, with a value of 9.12%, 185 is in the better half of the industry, outperforming 70.45% of the companies in the same industry.
  • With a Operating Margin value of 9.71%, 185 perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
  • In the last couple of years the Operating Margin of 185 has grown nicely.
  • 185 has a Gross Margin of 17.08%. This is in the lower half of the industry: 185 underperforms 65.91% of its industry peers.
  • 185's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 9.71%
PM (TTM) 9.12%
GM 17.08%
OM growth 3Y-4.45%
OM growth 5Y15.91%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.69%
GM growth 5Y3.79%
185.DE Yearly Profit, Operating, Gross Margins185.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

3

2. Health

2.1 Basic Checks

  • 185 has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for 185 has been increased compared to 1 year ago.
  • Compared to 5 years ago, 185 has more shares outstanding
  • 185 has a better debt/assets ratio than last year.
185.DE Yearly Shares Outstanding185.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
185.DE Yearly Total Debt VS Total Assets185.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 2.04 indicates that 185 is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of 185 (2.04) is worse than 61.36% of its industry peers.
  • 185 has a debt to FCF ratio of 4.30. This is a neutral value as 185 would need 4.30 years to pay back of all of its debts.
  • 185's Debt to FCF ratio of 4.30 is fine compared to the rest of the industry. 185 outperforms 65.91% of its industry peers.
  • A Debt/Equity ratio of 0.40 indicates that 185 is not too dependend on debt financing.
  • 185's Debt to Equity ratio of 0.40 is on the low side compared to the rest of the industry. 185 is outperformed by 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 4.3
Altman-Z 2.04
ROIC/WACC0.69
WACC10.27%
185.DE Yearly LT Debt VS Equity VS FCF185.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.45 indicates that 185 should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.45, 185 is not doing good in the industry: 77.27% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.87 indicates that 185 may have some problems paying its short term obligations.
  • 185's Quick ratio of 0.87 is on the low side compared to the rest of the industry. 185 is outperformed by 72.73% of its industry peers.
Industry RankSector Rank
Current Ratio 1.45
Quick Ratio 0.87
185.DE Yearly Current Assets VS Current Liabilites185.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

3

3. Growth

3.1 Past

  • 185 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 293.75%, which is quite impressive.
  • 185 shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.00% yearly.
  • Looking at the last year, 185 shows a small growth in Revenue. The Revenue has grown by 7.87% in the last year.
  • Measured over the past years, 185 shows a small growth in Revenue. The Revenue has been growing by 6.68% on average per year.
EPS 1Y (TTM)293.75%
EPS 3Y-7%
EPS 5YN/A
EPS Q2Q%21.15%
Revenue 1Y (TTM)7.87%
Revenue growth 3Y1.01%
Revenue growth 5Y6.68%
Sales Q2Q%-1.06%

3.2 Future

  • The Earnings Per Share is expected to decrease by -8.37% on average over the next years.
  • Based on estimates for the next years, 185 will show a decrease in Revenue. The Revenue will decrease by -1.16% on average per year.
EPS Next Y16.25%
EPS Next 2Y18.3%
EPS Next 3Y-6.34%
EPS Next 5Y-8.37%
Revenue Next Year7.64%
Revenue Next 2Y4.29%
Revenue Next 3Y3.32%
Revenue Next 5Y-1.16%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
185.DE Yearly Revenue VS Estimates185.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B
185.DE Yearly EPS VS Estimates185.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 2 -2 4 6

5

4. Valuation

4.1 Price/Earnings Ratio

  • 185 is valuated correctly with a Price/Earnings ratio of 15.26.
  • Based on the Price/Earnings ratio, 185 is valued cheaper than 84.09% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.32. 185 is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 13.12, which indicates a correct valuation of 185.
  • 77.27% of the companies in the same industry are more expensive than 185, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 25.57. 185 is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 15.26
Fwd PE 13.12
185.DE Price Earnings VS Forward Price Earnings185.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 72.73% of the companies in the same industry are more expensive than 185, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, 185 is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 26.33
EV/EBITDA 8.44
185.DE Per share data185.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A cheap valuation may be justified as 185's earnings are expected to decrease with -6.34% in the coming years.
PEG (NY)0.94
PEG (5Y)N/A
EPS Next 2Y18.3%
EPS Next 3Y-6.34%

2

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.66%, 185 is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.63, 185 has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.66, 185 pays less dividend than the S&P500 average, which is at 1.83.
Industry RankSector Rank
Dividend Yield 0.66%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years3
185.DE Yearly Dividends per share185.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0 0 0 0 0

5.3 Sustainability

  • 8.97% of the earnings are spent on dividend by 185. This is a low number and sustainable payout ratio.
DP8.97%
EPS Next 2Y18.3%
EPS Next 3Y-6.34%
185.DE Yearly Income VS Free CF VS Dividend185.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B -1B
185.DE Dividend Payout.185.DE Dividend Payout, showing the Payout Ratio.185.DE Dividend Payout.PayoutRetained Earnings

ALCOA CORP / 185.DE FAQ

What is the fundamental rating for 185 stock?

ChartMill assigns a fundamental rating of 4 / 10 to 185.DE.


What is the valuation status of ALCOA CORP (185.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to ALCOA CORP (185.DE). This can be considered as Fairly Valued.


What is the profitability of 185 stock?

ALCOA CORP (185.DE) has a profitability rating of 5 / 10.


What is the financial health of ALCOA CORP (185.DE) stock?

The financial health rating of ALCOA CORP (185.DE) is 3 / 10.


What is the expected EPS growth for ALCOA CORP (185.DE) stock?

The Earnings per Share (EPS) of ALCOA CORP (185.DE) is expected to grow by 16.25% in the next year.