ALCOA CORPORATION (AAI)
Share Price Analysis and Chart

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AAI

AAI - ALCOA CORPORATION

FNArena Sector : Aluminium, Bauxite & Alumina
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 1.65
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$83.56

03 Feb
2026

1.990

OPEN

$83.50

2.44%

HIGH

$84.19

148,022

LOW

$83.00

TARGET
$87.00 4.1% upside
OTHER COMPANIES IN THE SAME SECTOR
A4N . CAA . CAY . LIN . RIO .
FNARENA'S MARKET CONSENSUS FORECASTS
AAI: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 535.5 xxx
DPS (cps) N/A xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 16.3 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.01%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.01

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 03/11 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx699.6
DPS All xxxxxxxxxxxxxxx62.2
Sales/Revenue xxxxxxxxxxxxxxx19,898.8 M
Book Value Per Share xxxxxxxxxxxxxxx-
Net Operating Cash Flow xxxxxxxxxxxxxxx1,837.7 M
Net Profit Margin xxxxxxxxxxxxxxx9.12 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx20.71 %
Return on Invested Capital xxxxxxxxxxxxxxx14.21 %
Return on Assets xxxxxxxxxxxxxxx7.72 %
Return on Equity xxxxxxxxxxxxxxx20.71 %
Return on Total Capital xxxxxxxxxxxxxxx14.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx716.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx3,656 M
Total Debt xxxxxxxxxxxxxxx3,657 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,432 M
Price To Book Value xxxxxxxxxxxxxxx-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx958.4 M
Capex % of Sales xxxxxxxxxxxxxxx4.82 %
Cost of Goods Sold xxxxxxxxxxxxxxx17,466 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx501 M
Research & Development xxxxxxxxxxxxxxx37 M
Investments - Total xxxxxxxxxxxxxxx2,966 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

27/01/2026

3

Neutral

$71.00

-15.03%

It is UBS' assessment Alcoa released a rather mixed December quarterly, though EBITDA was ahead of market consensus; US$546m versus US$532m.

However, without a one-off benefit from CO2 credits (US$50m) the result would have missed expectations, the broker explains.

Key guidance items for 2026 are deemed broadly in-line with expectations. With debt reduction on the agenda, the broker is not counting on further share buybacks short term.

Buybacks can be seen in H2 on the back of asset sales and greater free cash flows. Neutral. Target $71. No changes made to forecasts.

FORECAST
UBS forecasts a full year FY25 EPS of 535.47 cents.
UBS forecasts a full year FY26 EPS of 601.63 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

AAI STOCK CHART

FNArena News on AAI

Latest Aluminium, Bauxite & Alumina News

1
Is Aluminium Pivoting Towards A Structural Bull Market?

Sep 14 2021 - Commodities
2
Weekly Ratings, Targets, Forecast Changes – 17-07-20

Jul 20 2020 - Weekly Reports
3
Treasure Chest: Can Alumina Maintain Dividends?

Jul 11 2019 - Treasure Chest
4
Alumina Strikes Record Earnings, Dividend

Feb 25 2019 - Australia
5
Treasure Chest: More Upside For Alumina?

Apr 19 2018 - Treasure Chest
6
Weekly Ratings, Targets, Forecast Changes

Dec 12 2016 - Weekly Reports
7
Material Matters: US Energy, Coal, Chrome, Steel And Oz Miners

Nov 17 2016 - Commodities
8
Alumina Ltd Cuts A Better Deal From JV

Sep 05 2016 - Australia
9
Alumina Ltd Basks In Higher Margins

Jul 13 2016 - Australia
10
Next Week At A Glance

Jul 08 2016 - Weekly Reports