Kaiser Aluminum Corporation is a producer of semi-fabricated specialty aluminum products. Co.'s fabricated aluminum mill products include flat-rolled (plate, sheet, and coil), extruded (rod, bar, hollows, and shapes), drawn (rod, bar, pipe, tube and wire) and certain cast aluminum products. Its business focuses on producing rolled, extruded, and drawn aluminum products used principally for aerospace and defense, aluminum beverage and food packaging, general engineering that include consumer durables, electronics and products for electrical and machinery and equipment applications and automotive products. We show 58 historical shares outstanding datapoints in our KALU shares outstanding history coverage, used to compute KALU market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KALU market cap history over the course of time is important for investors
interested in comparing KALU'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 KALU versus a peer is one thing; comparing
KALU 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 KALU can fluctuate over the course of history.
With this page we aim to empower investors researching KALU by allowing them to research the KALU market cap history. |
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Video: The Importance of Market Cap
