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    Aluminum
Aluar Aluminio Argentino S.A.I.C.

Aluar Aluminio Argentino S.A.I.C.

ALUA.BA
Aluar Aluminio Argentino S.A.I.C.AR flagBuenos Aires Stock Exchange
996.00
ARS
-0.50
- -
2.79TMarket Cap
Aluar Aluminio Argentino S.A.I.C.
ALUA.BA
(Buenos Aires Stock Exchange)

Recent

price

996.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.46
1.66
1.74
2.1
2.72
3.39
3.98
5.22
15.17
25.83
34.01
49.62
132.58
432.32
615.64
558
784.32
Revenue per Share
0.18
0.27
0.11
0.08
0.25
0.46
0.43
0.7
0.74
3.43
-1.96
2.56
22.67
91.44
60.77
2.68
38.03
Basic EPS, GAAP
0.35
0.22
-0.08
0.19
0.3
-0.12
0.17
0.87
0.31
-2.15
5.89
8.98
15.82
31.82
36.03
-108.93
26.98
Free Cash Flow per Basic Share
0.02
0.08
0.09
0.04
0.04
0.05
0.06
0.27
3.39
1.99
2.96
0.16
3.76
73.78
1.56
3.24
0.18
Dividend per Share
0.91
1.49
1.34
1.61
1.83
1.46
1.43
1.7
2.3
- -
- -
2.5
23.85
96.08
71.94
5.54
54.36
Book Value per Share
1.75
1.82
1.86
1.92
2.14
2.57
2.98
3.42
9.64
14.22
18.39
32.82
90.79
357.88
561.48
565.59
760.97
Tangible Book Value per Share
2,665
2,800
2,800
2,800
2,800
2,800
2,800
2,800
2,800
2,800
2,800
2,800
2,800
2,800
2,800
2,800
2,800
Basic Weighted Avg Shares
3,889
4,661
4,880
5,875
7,620
9,484
11,157
14,605
42,475
72,316
95,241
138,939
371,212
1,210,505
1,723,793
1,562,412
2,196,094
Sales/Revenue/Turnover
- -
- -
12.95
9.98
16.94
- -
- -
- -
15.64
12.77
5.84
-74.78
24.75
9.57
16.21
- -
13.79
Operating Margin (%)
401
429
492
484
528
522
580
590
3,925
4,984
7,910
13,231
26,461
77,557
98,127
101,511
102,273
Depreciation Expense
470
761
320
224
698
1,277
1,193
1,949
2,068
9,614
-5,494
7,182
63,475
256,044
170,169
7,513
106,492
Net Income, GAAP
36.57
35.69
35.44
33.63
35.08
35.17
35.5
34.42
63.21
24.12
- -
63.01
41.75
7.54
42.65
84.32
46.98
Effective Tax Rate (%)
12.08
16.33
6.56
3.81
9.16
13.46
10.7
13.35
4.87
13.3
-5.77
5.17
17.1
21.15
9.87
0.48
4.85
Profit Margin (%)
1,219
1,600
1,550
1,722
2,336
3,568
4,874
6,093
5,748
23,204
24,812
63,286
178,654
602,364
1,354,447
868,800
902,488
Working Capital
937
745
581
637
614
424
445
275
3
14,014
26,072
39,046
51,311
258,627
652,654
417,391
- -
LT Debt
4,853
5,168
5,285
5,445
6,119
7,358
8,471
9,656
28,259
41,457
53,577
94,666
258,828
1,014,104
1,581,790
1,586,320
2,132,514
Total Equity
- -
- -
6.1
5.62
11.37
- -
- -
- -
8.78
12.2
- -
-31.85
20.94
12.28
8.51
- -
8.58
Return on Invested Capital (%)
14.24
16.76
5.73
4.47
10.7
20.05
20.14
31.29
18.31
45.72
- -
14.09
62.4
66.03
22.72
0.58
63.28
Return on Capital (%)
38.93
23.09
8.08
5.43
14.5
27.74
29.58
44.59
36.97
298.54
- -
205.43
172.09
152.49
72.34
6.93
101.67
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,800
2,800
2,800
Market Capitalization
1,948,800
2,781,800
2,623,600

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,568,591
1,672,257
1,772,790
Cash, Cash Equivalents & STI
246,955
254,939
276,361
Accounts Receivable, Net
57,014
169,776
202,972
Inventories
1,167,160
1,134,550
1,160,264
Total Current Liabilities
734,640
745,184
870,302
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
89.59%
119.64%
0.29%
Free Cash Flow
-123.38%
-31.89%
-402.31%
Net Income, GAAP
99.8%
145.47%
-95.58%
Sales/Revenue/Turnover
81.35%
94.44%
-9.36%
Total Cash Common Dividend
562.64%
819.76%
107.36%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
349,900
384,440
362,585
473,016
1,723,793
2025
472,974
534,873
382,726
411,335
1,562,412
2026
505,539
689,097
590,123
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13.08
-15.29
58.24
- -
60.77
2025
12.29
-1.12
10.2
- -
2.68
2026
-7.85
18.27
42.64
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
1.01
0.45
- -
1.56
2025
- -
- -
3.14
- -
3.24
2026
- -
- -
- -
- -
- -
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Business
Aluar Aluminio Argentino S.A.I.C. Aluar Aluminio Argentino S.A.I.C. (ALUA.BA) operates as Argentina's sole primary aluminum producer and one of South America's largest, focusing on the production and commercialization of primary aluminum and value-added alloy products; elaborated aluminum items such as profiles, bars, tubes, thick laminates, and foils; zincalum; ingots, wire rods, and plates; as well as primary foundry remelt ingots, T-bars, and aluminum alloys. The company maintains four main business segments encompassing primary aluminum production, processed value-added products, renewable energy generation through its wind farm, and engineering services including industrial construction and assembly. Operations span two production plants--the Primary Division in Puerto Madryn, Chubut, with an annual capacity of 460,000 tons of primary aluminum, and the Elaborated Products Division in Abasto, Buenos Aires, producing 32,000 tons yearly of extrusions and rolled products--alongside an administrative office in San Fernando, Buenos Aires, and a registered office in Buenos Aires city; it fully supplies the domestic market while exporting 30% of output to regions including the United States, Brazil, Japan, and Europe, employing 2,272 people and serving industries from construction and automotive to packaging. Founded in 1970 and headquartered at Marcelo T. de Alvear 590 in Buenos Aires, the majority family-owned entity manages energy-intensive processes with 44% renewable sources at the primary plant and 94% at elaborated products, including 246 MW from 63 wind turbines at its Aluar Wind Farm near Puerto Madryn. Recent developments include the early 2024 completion of Wind Farm Stage 2 Phase III with an additional USD 125 million investment adding 18 turbines to reduce CO2 emissions by 150,000 tons annually and exceed 2025 renewable targets; planning for Phase IV adding 56 turbines and 336 MW for USD 400 million to double renewable capacity; a March 2024 issuance of USD-denominated fixed-rate notes at 6.25% maturing 2027; creation of an ESG Management area in December 2023 and Diversity, Equity, and Inclusion Committee with new policies on human rights and anti-harassment; advancements toward Aluminum Stewardship Initiative certification at the Primary Division; a reverse osmosis plant project for seawater desalination; revamping of the sewage treatment plant to membrane bioreactor technology for USD 500,000; and ongoing circular economy initiatives like bagging carbonaceous powders for reuse and oil recovery reducing 10 tons of monthly waste.