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Makes rolled and extruded aluminum products for aerospace, automotive and packaging customers.
Makes rolled and extruded aluminum products for aerospace, automotive and packaging customers.
Passes the cost of aluminium through to customers and earns a conversion premium for rolling and extruding it, so profit follows volume and mix, with aerospace plate and auto structures earning more per tonne than can sheet. It was created in 2011 from Alcan's engineered-products units.
In one line: A smaller, aluminum-focused Alcoa.
Moat: narrow (scale, customer qualification). Long-qualified aerospace and auto alloys are costly to re-source; commodity-linked margins limit pricing power.
Headquarters: Paris, France · Founded: 2011 · Employees: 11,500
Size Constellium (CSTM) is a United States Materials company (Aluminum) with a market value of $2.93B, the 1571st largest of 3,117 United States companies the cockpit tracks. Shares closed at $21.81 on 6 Nov 2026.
Performance Over six months the shares fell 35.6%, against -27.8% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 26.1% over the last twelve months (peer median +11.4%); the operating margin is 8.6% (peer median 8.4%).
Valuation It trades at 8.3× forward earnings against a peer median of 10.7× (5th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.6 points above its cost of capital (10.1% WACC).
Short interest Short interest is 4.3% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $10.0B | $8.45B | $7.33B | $7.83B | $8.54B |
| Revenue growth | — | +15% | -6% | -8% | — |
| Gross profit | $1.28B | $857M | $634M | $755M | $697M |
| EBITDA | $1.20B | $804M | $576M | $686M | $669M |
| Net income | $574M | $273M | $56.0M | $152M | $316M |
| Free cash flow | $320M | $159M | -$112M | $66.0M | $186M |
| Capital expenditure | $317M | $330M | $413M | $366M | $287M |
| Total debt | $1.82B | $2.06B | $2.03B | $2.05B | $2.19B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Constellium CSTM | $2.93B | -36% | +26% | 9% | 8.3× | -6.8% |
| Alcoa AA | $10.4B | -37% | +10% | 14% | 7.4× | -4.9% |
| Kaiser Aluminum KALU | $1.75B | -41% | +40% | 8% | 10.9× | 0.8% |
| Norsk Hydro NHY.OL | $14.4B | -34% | -4% | 10% | 8.3× | 0.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CSTM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.8% | -8.2% | 5th lowest of 21 |
| 6-month return | -35.6% | -27.8% | 6th lowest of 21 |
| Distance from 52-week high | -41.0% | -48.3% | 9th highest of 21 |
| Revenue growth (TTM) | +26.1% | +11.4% | 5th highest of 21 |
| Operating margin | 8.6% | 8.4% | 10th highest of 21 |
| Forward P/E | 8.3× | 10.7× | 5th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -6.8% | -2.7% | 3rd least demanding of 12 |
| Growth delivered (Del g) | +8.7% | +14.7% | 3rd lowest of 12 |
| Hurdle (Req g minus delivered) | -15.4 pp | -18.8 pp | 6th most demanding of 12 |
| ROIC minus cost of capital | +12.6 pp | +1.8 pp | 3rd highest of 21 |
| EV / EBITDA | 3.8× | 7.6× | cheapest of 10 |
| Net debt / EBITDA | 1.4× | 2.0× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Constellium CSTM | United States | $2.93B | -36% | +26% | 9% | 8.3× | -6.8% | +8.7% |
| Grupa Kety KTY.WA | Poland | $3.15B | +11% | +8% | 15% | 16.9× | 6.6% | +9.2% |
| Henan Mingtai Aluminum Industrial 601677.SS | China | $2.70B | -17% | +19% | 6% | 7.2× | -2.7% | +16.6% |
| Century Aluminum CENX | United States | $3.31B | -43% | +10% | 15% | 3.2× | 9.9% | +9.5% |
| Henan Zhongfu Industrial 600595.SS | China | $3.36B | -28% | +24% | 16% | 5.7× | -10.2% | +23.3% |
| Xinjiang Joinworld 600888.SS | China | $2.07B | +3% | +21% | 7% | 11.7× | n/a | n/a |
| UACJ 5741.T | Japan | $2.06B | -36% | +28% | 9% | 6.2× | -5.3% | +15.7% |
| United Company RUSAL international PJSC 0486.HK | Hong Kong | $4.26B | -34% | -4% | 6% | n/a | n/a | n/a |
| Jiangsu Dingsheng New Material Joint-Stock 603876.SS | China | $2.00B | -52% | +10% | 4% | 12.4× | 8.1% | +16.2% |
| Shanghai Huafon Aluminium Corporation 601702.SS | China | $1.98B | -29% | +10% | 10% | 9.2× | n/a | n/a |
| Innovation New Material Technology 600361.SS | China | $1.91B | -24% | +4% | 1% | 10.7× | n/a | n/a |
| Granges GRNG.ST | Sweden | $1.83B | -6% | +27% | 6% | 12.1× | n/a | n/a |
| Kaiser Aluminum KALU | United States | $1.75B | -41% | +40% | 8% | 10.9× | 0.8% | +23.5% |
| Jiaozuo Wanfang Aluminum Manufacturing 000612.SZ | China | $1.71B | -28% | +13% | 32% | n/a | -13.0% | +6.6% |
| Nantong Haixing Electronics 603115.SS | China | $1.62B | -22% | +21% | 8% | 33.5× | n/a | n/a |
| Giansun Precision Technology 001400.SZ | China | $1.41B | -35% | 0% | 10% | n/a | n/a | n/a |
| National Aluminium NATIONALUM.NS | India | $6.33B | -19% | +14% | 43% | 8.3× | -4.2% | +14.7% |
| Grinm Metal Composites (Beijing) Technology 688811.SS | China | $1.27B | -30% | 0% | 11% | n/a | n/a | n/a |
| Elkem ELK.OL | Norway | $1.18B | +7% | -12% | 3% | n/a | 17.0% | -7.2% |
| Shandong Nanshan Aluminium 600219.SS | China | $7.53B | -19% | +4% | 13% | 10.7× | -5.7% | +9.4% |
| Yinbang Clad Material 300337.SZ | China | $1.06B | -38% | +45% | 3% | n/a | n/a | n/a |