Constellium (CSTM) AI Stock Analysis

• Market Cap: $3.40B
• Dividend Yield: N/A
• Average Volume (3M): 2.48M
• Price to Earnings (P/E): 9.6
• Beta (1Y): 1.15
• Revenue Growth: 8.48%
• EPS Growth: 12.10%
• Country: US
• Employees: 12,000
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Aluminum
• EPS (TTM): 0.71
• Shares Outstanding: 135,069,780
• 10 Day Avg. Volume: 2,499,916
• 30 Day Avg. Volume: 2,482,235
• PEG Ratio: 0.03
• Price to Book (P/B): 2.77
• Price to Sales (P/S): 0.31
• P/FCF Ratio: 16.56
• Enterprise Value/Market Cap: 1.48
• Enterprise Value/Revenue: 0.70
• Enterprise Value/Gross Profit: 6.88
• Enterprise Value/Ebitda: 7.27
• 1Y Price Target: $28.00
• Price Target Upside: 11.24% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 2.01
• Revenue Forecast (FY): $9.13B

• Rating: 64 Neutral
• Price Target: $26.00 ▲(3.30% Upside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is anchored by mid-range financial strength due to still-elevated leverage and uneven revenue/FCF consistency. Offsetting this, the earnings call guidance and commentary point to continued solid EBITDA/FCF generation and improving leverage, technicals show a generally supportive uptrend, and valuation appears attractive on a low P/E.

Positive Factors

Diversified end markets and long-term customer relationships

Serving aerospace, automotive and packaging provides structural diversification across cycles. Long-term contracts and partnerships with major OEMs anchor demand for engineered aluminum solutions, supporting durable revenue streams and reducing single-market dependence over multi-year horizons.

Improving profitability and consistent operating cash flow

Material improvement in EBITDA and positive free cash flow demonstrates strengthened operating leverage and earnings quality. Consistent operating cash generation underpins deleveraging, reinvestment and shareholder returns, enabling multi-year funding for Vision 2028 and capex priorities.

Stronger liquidity profile and reduced near-term refinancing risk

Higher liquidity and a lack of bond maturities until 2028 materially lower refinancing pressure near-term. This provides runway to execute operational improvements, buybacks and targeted capex while management works to reduce leverage toward its 2028 targets, improving strategic optionality.

Negative Factors

Elevated leverage still constrains flexibility

Despite progress, debt remains high versus equity and limits capacity for large discretionary investments or rapid buybacks without further earnings improvement. Elevated leverage increases vulnerability to cyclical earnings swings and reduces room to absorb commodity or demand shocks over the medium term.

Revenue volatility and cyclical demand sensitivity

Top-line volatility reflects sensitivity to end-market cycles, especially automotive and industrials. This uneven revenue trajectory complicates multi-year planning, makes free cash flow outcomes less predictable, and raises execution risk in delivering steady progress toward 2028 targets.

Reliance on metal/scrap spreads and noncash price-lag impacts

Material portions of near-term EBITDA were supported by noncash metal-price lag benefits and improved scrap spreads. Such effects can reverse and are inherently volatile, making the sustainability of current margin levels and free cash flow targets conditional on commodity dynamics beyond operational control.

Constellium Business Overview & Revenue Model

Company Description

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. The Packaging & Automotive Rolled Products segment produces rolled aluminum products, including can stock and closure stock for the beverage and food industry, as well as foil stock for the flexible packaging market. It also supplies automotive body sheets and heat exchangers for the automotive market; and specialty reflective sheets. The Aerospace & Transportation segment provides rolled aluminum products, including aerospace plates, sheets, and extrusions; and aerospace wing skins, as well as plates and sheets for use in transportation, industry, and defense applications. The Automotive Structures & Industry segment offers extruded products and technologically advanced structures for the automotive industry, including crash-management systems, body structures, side impact beams, and battery enclosures; and hard and soft alloy extruded profiles for various industry applications in the automotive, engineering, rail, and other transportation end markets. This segment also provides downstream technology and services, which include pre-machining, surface treatment, research and development, and technical support services. The company sells its products directly or through distributors in France, Germany, the Czech Republic, the United Kingdom, Switzerland, and the United States, as well as Shanghai, and Seoul. Constellium SE was incorporated in 2010 and is headquartered in Paris, France.

How the Company Makes Money

Constellium generates revenue through the production and sale of aluminum products across its three primary sectors. Its revenue model is built on manufacturing high-value products that cater to specific industry needs, including lightweight components for automotive applications that enhance fuel efficiency and advanced materials for aerospace projects that require high strength and durability. Key revenue streams include sales from rolled and extruded products, as well as specialized solutions and services offered to clients. The company has established significant partnerships with leading automotive manufacturers and aerospace companies, which help ensure a steady demand for its products. Additionally, Constellium benefits from long-term contracts and relationships with customers, providing a stable income source, while also adapting its offerings to meet evolving industry trends and regulations.

Constellium Financial Statement Overview

Summary

Financials are improving but still mixed. Income statement trends show better 2025 profitability (net income up sharply vs. 2024) but uneven/declining revenue and cyclical sensitivity. The balance sheet remains a constraint with still-elevated leverage despite meaningful equity repair. Cash generation is supported by consistently positive operating cash flow, but free cash flow has been volatile (notably negative in 2024 before recovering in 2025).

Income Statement

Revenue has been volatile, with a strong rebound in 2021–2022 followed by declines in 2023 and a modest drop again in 2025 (annual revenue down ~8%). Profitability is positive and improved meaningfully in 2025 versus 2024 (net income rose from $56M to $232M, and EBIT/EBITDA also strengthened), but margins have not been consistently strong across the period and the business remains sensitive to down-cycles (including a loss in 2020). Overall: improving recent earnings power, but uneven top-line trajectory and cyclical pressure keep the score mid-range.

Balance Sheet

Leverage is the main constraint. Total debt remains high (about $1.65B in 2025) relative to equity (~$810M), though the debt load has come down from 2021–2022 peaks. Equity has improved materially from negative territory in 2020 and very low levels in 2021, which is a clear positive, but historical debt-to-equity levels have been elevated (roughly 2–3x in 2022–2024, and extremely high in 2021 due to low equity). Overall: balance sheet is on a better footing than earlier years, but leverage still limits financial flexibility.

Cash Flow

Operating cash flow is consistently positive (roughly $301M–$473M in 2021–2024 and $416M in 2025), which supports underlying earnings quality. Free cash flow, however, is more volatile: negative in 2024 (-$112M) before recovering to positive in 2025 ($135M). This swing suggests higher reinvestment needs and/or working-capital variability, reducing reliability of cash available for debt reduction or shareholder returns. Overall: solid operating cash generation, but free cash flow consistency is a key weakness.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.19B	7.33B	7.24B	8.53B	6.15B
Gross Profit	729.39M	938.00M	710.00M	963.00M	664.00M
EBITDA	720.88M	542.00M	605.00M	539.00M	764.00M
Net Income	232.35M	56.00M	125.00M	308.00M	257.00M
Balance Sheet
Total Assets	4.56B	4.73B	4.66B	5.27B	5.26B
Cash, Cash Equivalents and Short-Term Investments	102.13M	141.00M	210.00M	177.16M	167.17M
Total Debt	1.65B	1.94B	1.87B	2.19B	2.42B
Total Liabilities	3.73B	4.01B	3.80B	4.47B	4.93B
Stockholders Equity	810.25M	706.00M	843.00M	780.16M	311.59M
Cash Flow
Free Cash Flow	135.32M	-112.00M	66.00M	186.02M	125.00M
Operating Cash Flow	416.19M	301.00M	432.00M	472.94M	357.00M
Investing Cash Flow	-268.95M	-318.00M	-219.00M	-285.87M	-221.00M
Financing Cash Flow	-177.03M	-56.00M	-174.00M	-168.16M	-435.00M

Constellium Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CSTM, the sentiment is Positive. The current price of 25.17 is below the 20-day moving average (MA) of 25.46, above the 50-day MA of 23.84, and above the 200-day MA of 17.33, indicating a neutral trend. The MACD of 0.36 indicates Positive momentum. The RSI at 52.68 is Neutral, neither overbought nor oversold. The STOCH value of 41.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CSTM.

Constellium Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AA	75 Outperform	$17.26B	12.08	18.80%	0.75%	20.08%	―
MTRN	67 Neutral	$3.00B	34.48	8.14%	0.43%	3.93%	-73.94%
CENX	65 Neutral	$5.59B	88.30	5.54%	―	20.15%	-72.89%
KALU	65 Neutral	$1.94B	16.51	14.22%	2.64%	7.69%	91.86%
CSTM	64 Neutral	$3.40B	9.64	29.22%	―	8.48%	12.10%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
NGVT	56 Neutral	$2.39B	-12.82	-38.91%	―	-13.39%	88.25%

Constellium Corporate Events

Constellium Launches New $300 Million Share Repurchase Program

On March 12, 2026, Constellium announced that its Board of Directors authorized a new share repurchase program of up to $300 million of outstanding ordinary shares, effective after the May 21, 2026 Annual General Meeting and running through December 31, 2028. The plan replaces a buyback program approved in February 2024, with the company continuing to repurchase shares under the existing authorization until the new one takes effect.

Management framed the program as part of a balanced capital allocation strategy aimed at returning cash to shareholders while preserving flexibility. The company may execute repurchases in open market or privately negotiated transactions, including via Rule 10b5-1 plans, with timing and volume contingent on market conditions and other capital allocation priorities, and the Board retaining the right to modify or terminate the program, subject to annual shareholder approvals at future meetings.

The most recent analyst rating on (CSTM) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on Constellium stock, see the CSTM Stock Forecast page.