Kaiser Aluminum is a holding company. Through its subsidiaries, Co. manufactures and sells semi-fabricated specialty aluminum mill products for the following end market applications: aerospace and high strength, which includes products such as heat treat plate and sheet; packaging, which consists of bare and coated 3000- and 5000-series alloy aluminum coil; automotive, which consists of extruded aluminum products for North American automotive applications; general engineering, which consists mainly of 6000-series alloy plate, sheet, rod, bar, tube, wire and standard extruded shapes products; and other industrial, which consists of rerolled, extruded, drawn and cast billet aluminum products. We show 54 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
