Century Aluminum is a holding company. Through its subsidiaries, Co. produces main aluminum and operates aluminum reduction facilities, or smelters in the U.S. and Iceland. Co.'s main subsidiaries are Century Kentucky, Inc. (CAKY), Nordural ehf (Nordural), Century Aluminum Sebree LLC (Century Sebree) and Century Aluminum of South Carolina (CASC). CAKY operates a primary aluminum reduction facility in Hawesville, KY. Nordural Grundartangi ehf, a subsidiary of Nordural, operates a primary aluminum reduction facility in Grundartangi, Iceland. Century Sebree operates a primary aluminum reduction facility in Robards, KY. CASC operates a primary aluminum reduction facility in Goose Creek, SC. We show 61 historical shares outstanding datapoints in our CENX shares outstanding history coverage, used to compute CENX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CENX market cap history over the course of time is important for investors
interested in comparing CENX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CENX versus a peer is one thing; comparing
CENX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CENX can fluctuate over the course of history.
With this page we aim to empower investors researching CENX by allowing them to research the CENX market cap history. |
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Video: The Importance of Market Cap
