Kaiser Aluminum Corporation (KALU) AI Stock Analysis

Kaiser Aluminum Corporation manufactures and distributes specialty aluminum mill products from its headquarters in Foothill Ranch, California. Its product portfolio features rolled, extruded, and drawn aluminum solutions tailored for aerospace and defense, automotive, beverage and food packaging, and general engineering markets. In aerospace and defense, the company delivers structural components, crash management systems, and specialized alloys designed for high strength-to-weight applications. For packaging, it supplies bare and coated coils used in food and beverage containers. It also manufactures alloy plate, sheet, rod, bar, tube, wire, and standard extrusions for military vehicles, electronics, semiconductor manufacturing cells, and industrial equipment across North America, Europe, and Asia.

Revenue grew from $2.62B in FY2021 to $3.43B in FY2022, followed by contractions of 9.9% in FY2023 to $3.09B and 2.0% in FY2024 to $3.02B. In FY2025, revenue increased 11.5% to $3.37B, bringing five-year revenue CAGR from FY2020 to 23.5%. Profitability turned positive from net income of -$18.5M in FY2021 and -$29.6M in FY2022 to $46.8M in FY2024 and $112.5M in FY2025, when operating margin reached 5.7%. Over the trailing twelve months ended June 30, 2026, revenue totaled $4.14B with an operating margin of 10.6% and EPS of $13.48, supported by quarterly revenue growth of 52.7% and quarterly earnings growth of 305.7%.

As of June 30, 2026, Kaiser Aluminum held $58.5M in cash and short-term investments alongside total debt of $1.07B, resulting in net debt of $1.01B and a debt-to-equity ratio of 1.13. The company reported total assets of $2.91B and a current ratio of 2.50. In FY2025, operating cash flow reached $111.4M, while capital expenditures of $136.9M led to free cash flow of -$25.5M. Capital return included $51.3M in dividends paid, while share count rose 6.5% over five years.

At a share price of $147.25, Kaiser Aluminum has a market capitalization of $2.41B and an enterprise value of $3.57B. The stock trades at a trailing P/E of 10.9x and an EV/EBITDA of 7.5x, below the median of its US-listed Basic Materials peers at 19.7x and 10.5x, respectively. Its price-to-sales multiple of 0.6x sits below the peer median of 1.8x, whereas its forward P/E of 27.7x exceeds the peer median of 13.4x. Over the past year, the stock gained 89.4%, outperforming the 16.8% return of the S&P 500 (SPY).

Kaiser Aluminum pays a quarterly dividend with an annualized forward payout of $3.08 per share, yielding 2.09% with a payout ratio of 24.3%. The company has paid consecutive dividends for 20 years and has achieved a five-year annualized dividend growth rate of 2.8%. Its most recent ex-dividend date was October 23, 2026.

Wall Street coverage consists of 2 Strong Buy, 1 Buy, 1 Hold, and 1 Sell rating. The mean price target is $170.20, representing 15.6% upside compared to the last close of $147.25. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $14.09 on revenue of $4.79B. For the following fiscal year, 5 analysts project EPS to decline 17.5% to $11.63 on revenue of $4.78B. The company beat EPS estimates in 3 of the last 4 quarters, with next earnings scheduled for October 21, 2026.

This page is an AI-written research summary of Kaiser Aluminum Corporation (KALU). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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