ALCOA CORP (185.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:185 • US0138721065

49.955 EUR
-1.62 (-3.13%)
Last: Feb 4, 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 is valued correctly, 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.
  • In the past year 185 had a positive cash flow from operations.
  • 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

  • The Return On Assets of 185 (7.22%) is better than 70.45% of its industry peers.
  • The Return On Equity of 185 (19.08%) is better than 86.36% of its industry peers.
  • 185's Return On Invested Capital of 7.05% is fine compared to the rest of the industry. 185 outperforms 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.
  • The Operating Margin of 185 (9.71%) is comparable to the rest of the industry.
  • 185's Operating Margin has improved in the last couple of years.
  • 185's Gross Margin of 17.08% is on the low side compared to the rest of the industry. 185 is outperformed by 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 185 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
  • Compared to 1 year ago, 185 has an improved debt to assets ratio.
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 2.06 indicates that 185 is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • 185's Altman-Z score of 2.06 is on the low side compared to the rest of the industry. 185 is outperformed by 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.
  • The Debt to FCF ratio of 185 (4.30) is better than 65.91% of its industry peers.
  • 185 has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of 185 (0.40) is worse than 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 4.3
Altman-Z 2.06
ROIC/WACC0.68
WACC10.31%
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

  • 185 has a Current Ratio of 1.45. This is a normal value and indicates that 185 is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.45, 185 is doing worse than 77.27% of the companies in the same industry.
  • A Quick Ratio of 0.87 indicates that 185 may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.87, 185 is doing worse than 72.73% of the companies in the same industry.
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

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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.
  • Measured over the past years, 185 shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.00% on average per year.
  • Looking at the last year, 185 shows a small growth in Revenue. The Revenue has grown by 7.87% in the last year.
  • The Revenue has been growing slightly by 6.68% on average over the past years.
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

  • 185 is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.37% yearly.
  • 185 is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.16% yearly.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • 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

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6

4. Valuation

4.1 Price/Earnings Ratio

  • 185 is valuated correctly with a Price/Earnings ratio of 15.61.
  • 185's Price/Earnings ratio is rather cheap when compared to the industry. 185 is cheaper than 86.36% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of 185 to the average of the S&P500 Index (28.25), we can say 185 is valued slightly cheaper.
  • 185 is valuated correctly with a Price/Forward Earnings ratio of 13.44.
  • Based on the Price/Forward Earnings ratio, 185 is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, 185 is valued rather cheaply.
Industry RankSector Rank
PE 15.61
Fwd PE 13.44
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

  • 185's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. 185 is cheaper than 72.73% of the companies in the same industry.
  • 185's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. 185 is cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 26.97
EV/EBITDA 8.63
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

  • 185's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • 185's earnings are expected to decrease with -6.34% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.96
PEG (5Y)N/A
EPS Next 2Y18.3%
EPS Next 3Y-6.34%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. Dividend

5.1 Amount

  • 185 has a yearly dividend return of 0.66%, which is pretty low.
  • 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 1.82.
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

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ALCOA CORP

FRA:185 (2/4/2026, 7:00:00 PM)

49.955

-1.62 (-3.13%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-22
Earnings (Next)04-14
Inst Owners82.31%
Inst Owner ChangeN/A
Ins Owners0.37%
Ins Owner ChangeN/A
Market Cap12.94B
Revenue(TTM)12.83B
Net Income(TTM)1.17B
Analysts78.18
Price Target42.67 (-14.58%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.66%
Yearly Dividend0.34
Dividend Growth(5Y)N/A
DP8.97%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)62.11%
Min EPS beat(2)33.63%
Max EPS beat(2)90.58%
EPS beat(4)4
Avg EPS beat(4)44.4%
Min EPS beat(4)21.88%
Max EPS beat(4)90.58%
EPS beat(8)7
Avg EPS beat(8)38.74%
EPS beat(12)9
Avg EPS beat(12)21.75%
EPS beat(16)12
Avg EPS beat(16)2%
Revenue beat(2)1
Avg Revenue beat(2)-2.68%
Min Revenue beat(2)-7.1%
Max Revenue beat(2)1.74%
Revenue beat(4)2
Avg Revenue beat(4)-2.94%
Min Revenue beat(4)-7.39%
Max Revenue beat(4)1.74%
Revenue beat(8)3
Avg Revenue beat(8)-2.2%
Revenue beat(12)3
Avg Revenue beat(12)-2.63%
Revenue beat(16)4
Avg Revenue beat(16)-2.82%
PT rev (1m)11.17%
PT rev (3m)22.32%
EPS NQ rev (1m)8.49%
EPS NQ rev (3m)56.26%
EPS NY rev (1m)5.79%
EPS NY rev (3m)54.55%
Revenue NQ rev (1m)-0.47%
Revenue NQ rev (3m)-0.47%
Revenue NY rev (1m)1.44%
Revenue NY rev (3m)7.4%
Valuation
Industry RankSector Rank
PE 15.61
Fwd PE 13.44
P/S 1.19
P/FCF 26.97
P/OCF 12.9
P/B 2.49
P/tB 2.49
EV/EBITDA 8.63
EPS(TTM)3.2
EY6.41%
EPS(NY)3.72
Fwd EY7.44%
FCF(TTM)1.85
FCFY3.71%
OCF(TTM)3.87
OCFY7.75%
SpS41.92
BVpS20.04
TBVpS20.04
PEG (NY)0.96
PEG (5Y)N/A
Graham Number37.98
Profitability
Industry RankSector Rank
ROA 7.22%
ROE 19.08%
ROCE 10.01%
ROIC 7.05%
ROICexc 8.08%
ROICexgc 8.08%
OM 9.71%
PM (TTM) 9.12%
GM 17.08%
FCFM 4.42%
ROA(3y)1.01%
ROA(5y)1.01%
ROE(3y)1.64%
ROE(5y)2.34%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-5.41%
ROICexgc growth 5Y22.38%
ROICexc growth 3Y-4.87%
ROICexc growth 5Y22.83%
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%
F-Score7
Asset Turnover0.79
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 4.3
Debt/EBITDA 1.3
Cap/Depr 99.2%
Cap/Sales 4.82%
Interest Coverage 250
Cash Conversion 63.4%
Profit Quality 48.46%
Current Ratio 1.45
Quick Ratio 0.87
Altman-Z 2.06
F-Score7
WACC10.31%
ROIC/WACC0.68
Cap/Depr(3y)91.19%
Cap/Depr(5y)82.02%
Cap/Sales(3y)4.91%
Cap/Sales(5y)4.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)293.75%
EPS 3Y-7%
EPS 5YN/A
EPS Q2Q%21.15%
EPS Next Y16.25%
EPS Next 2Y18.3%
EPS Next 3Y-6.34%
EPS Next 5Y-8.37%
Revenue 1Y (TTM)7.87%
Revenue growth 3Y1.01%
Revenue growth 5Y6.68%
Sales Q2Q%-1.06%
Revenue Next Year7.64%
Revenue Next 2Y4.29%
Revenue Next 3Y3.32%
Revenue Next 5Y-1.16%
EBIT growth 1Y42.08%
EBIT growth 3Y-3.49%
EBIT growth 5Y23.65%
EBIT Next Year89.83%
EBIT Next 3Y35.1%
EBIT Next 5Y2.98%
FCF growth 1Y1250%
FCF growth 3Y18.35%
FCF growth 5Y69.11%
OCF growth 1Y90.51%
OCF growth 3Y12.97%
OCF growth 5Y24.64%

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 6 / 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.