Kaiser Aluminum Corporation (KALU) - Net Assets
Based on the latest financial reports, Kaiser Aluminum Corporation (KALU) has net assets worth $877.30 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.79 Billion) and total liabilities ($1.91 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash flow conversion of Kaiser Aluminum Corporation to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $877.30 Million |
| % of Total Assets | 31.45% |
| Annual Growth Rate | 2.43% |
| 5-Year Change | 19.29% |
| 10-Year Change | 2.66% |
| Growth Volatility | 62.96 |
Kaiser Aluminum Corporation - Net Assets Trend (1990–2025)
This chart illustrates how Kaiser Aluminum Corporation's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Kaiser Aluminum Corporation for the complete picture of this company's asset base.
Annual Net Assets for Kaiser Aluminum Corporation (1990–2025)
The table below shows the annual net assets of Kaiser Aluminum Corporation from 1990 to 2025. For live valuation and market cap data, see KALU market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $826.10 Million | +23.67% |
| 2024-12-31 | $668.00 Million | +2.42% |
| 2023-12-31 | $652.20 Million | +3.33% |
| 2022-12-31 | $631.20 Million | -8.85% |
| 2021-12-31 | $692.50 Million | -5.45% |
| 2020-12-31 | $732.40 Million | -0.20% |
| 2019-12-31 | $733.90 Million | -0.88% |
| 2018-12-31 | $740.40 Million | -0.79% |
| 2017-12-31 | $746.30 Million | -7.26% |
| 2016-12-31 | $804.70 Million | +3.91% |
| 2015-12-31 | $774.40 Million | -23.77% |
| 2014-12-31 | $1.02 Billion | -6.30% |
| 2013-12-31 | $1.08 Billion | +1.25% |
| 2012-12-31 | $1.07 Billion | +25.64% |
| 2011-12-31 | $852.30 Million | -6.57% |
| 2010-12-31 | $912.20 Million | +1.22% |
| 2009-12-31 | $901.20 Million | +14.35% |
| 2008-12-31 | $788.10 Million | -16.41% |
| 2007-12-31 | $942.80 Million | +154.33% |
| 2006-12-31 | $370.70 Million | +111.80% |
| 2005-12-31 | $-3.14 Billion | -31.76% |
| 2004-12-31 | $-2.38 Billion | -47.40% |
| 2003-12-31 | $-1.62 Billion | -67.77% |
| 2002-12-31 | $-963.80 Million | -198.76% |
| 2001-12-31 | $-322.60 Million | -276.00% |
| 2000-12-31 | $183.30 Million | +0.16% |
| 1999-12-31 | $183.00 Million | -24.60% |
| 1998-12-31 | $242.70 Million | -0.82% |
| 1997-12-31 | $244.70 Million | +28.12% |
| 1996-12-31 | $191.00 Million | +5.88% |
| 1995-12-31 | $180.40 Million | +35.13% |
| 1994-12-31 | $133.50 Million | -0.67% |
| 1993-12-31 | $134.40 Million | -79.94% |
| 1992-12-31 | $670.10 Million | +0.81% |
| 1991-12-31 | $664.70 Million | +86.71% |
| 1990-12-31 | $356.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kaiser Aluminum Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 33.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $142.50 Million | 17.25% |
| Common Stock | $200.00K | 0.02% |
| Other Comprehensive Income | $26.80 Million | 3.24% |
| Other Components | $656.60 Million | 79.48% |
| Total Equity | $826.10 Million | 100.00% |
Kaiser Aluminum Corporation Competitors by Market Cap
The table below lists competitors of Kaiser Aluminum Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ASPEN PHAR.UN.ADR /1 O.N.
F:LDZU
|
$2.95 Billion |
|
Sinopec Shanghai Petrochemical Co Ltd Class A
SHG:600688
|
$2.95 Billion |
|
National HealthCare Corporation
NYSE MKT:NHC
|
$2.95 Billion |
|
Zhejiang Huazheng New Material
SHG:603186
|
$2.95 Billion |
|
First BanCorp
F:OLWN
|
$2.94 Billion |
|
Fuchs Petrolub SE Preference Shares
XETRA:FPE3
|
$2.94 Billion |
|
ERMENEGILDO ZEG.DL -0001
F:JN0
|
$2.94 Billion |
|
Ero Copper Corp
TO:ERO
|
$2.94 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kaiser Aluminum Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 668,000,000 to 826,100,000, a change of 158,100,000 (23.7%).
- Net income of 112,500,000 contributed positively to equity growth.
- Dividend payments of 51,300,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,300,000.
- Other factors increased equity by 90,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $112.50 Million | +13.62% |
| Dividends Paid | $51.30 Million | -6.21% |
| Other Comprehensive Income | $6.30 Million | +0.76% |
| Other Changes | $90.60 Million | +10.97% |
| Total Change | $- | 23.67% |
Book Value vs Market Value Analysis
This analysis compares Kaiser Aluminum Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.76x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 26.27x to 3.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | $7.12 | $187.03 | x |
| 1991-12-31 | $10.41 | $187.03 | x |
| 1992-12-31 | $9.88 | $187.03 | x |
| 1993-12-31 | $0.52 | $187.03 | x |
| 1994-12-31 | $0.30 | $187.03 | x |
| 1995-12-31 | $0.80 | $187.03 | x |
| 1996-12-31 | $0.97 | $187.03 | x |
| 1997-12-31 | $1.57 | $187.03 | x |
| 1998-12-31 | $1.51 | $187.03 | x |
| 1999-12-31 | $0.82 | $187.03 | x |
| 2000-12-31 | $1.03 | $187.03 | x |
| 2001-12-31 | $-5.50 | $187.03 | x |
| 2002-12-31 | $-13.46 | $187.03 | x |
| 2003-12-31 | $-21.65 | $187.03 | x |
| 2004-12-31 | $-29.87 | $187.03 | x |
| 2005-12-31 | $-39.43 | $187.03 | x |
| 2006-12-31 | $18.44 | $187.03 | x |
| 2007-12-31 | $46.43 | $187.03 | x |
| 2008-12-31 | $39.44 | $187.03 | x |
| 2009-12-31 | $45.89 | $187.03 | x |
| 2010-12-31 | $47.08 | $187.03 | x |
| 2011-12-31 | $44.91 | $187.03 | x |
| 2012-12-31 | $55.55 | $187.03 | x |
| 2013-12-31 | $56.33 | $187.03 | x |
| 2014-12-31 | $54.64 | $187.03 | x |
| 2015-12-31 | $45.02 | $187.03 | x |
| 2016-12-31 | $44.62 | $187.03 | x |
| 2017-12-31 | $43.24 | $187.03 | x |
| 2018-12-31 | $43.88 | $187.03 | x |
| 2019-12-31 | $45.29 | $187.03 | x |
| 2020-12-31 | $46.03 | $187.03 | x |
| 2021-12-31 | $43.73 | $187.03 | x |
| 2022-12-31 | $39.68 | $187.03 | x |
| 2023-12-31 | $40.43 | $187.03 | x |
| 2024-12-31 | $40.93 | $187.03 | x |
| 2025-12-31 | $49.70 | $187.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kaiser Aluminum Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.34%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 3.10x
- Recent ROE (13.62%) is above the historical average (-71.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 60.03% | 10.20% | 0.99x | 5.95x | $178.10 Million |
| 1991 | 19.50% | 5.42% | 0.94x | 3.84x | $52.82 Million |
| 1992 | 4.76% | 1.41% | 0.91x | 3.71x | $-29.62 Million |
| 1993 | -2218.37% | -37.94% | 0.68x | 85.98x | $-655.14 Million |
| 1994 | -617.34% | -5.99% | 0.66x | 155.96x | $-108.53 Million |
| 1995 | 104.51% | 2.69% | 0.80x | 48.76x | $54.53 Million |
| 1996 | 11.83% | 0.37% | 0.75x | 42.34x | $1.27 Million |
| 1997 | 41.03% | 2.02% | 0.79x | 25.76x | $36.30 Million |
| 1998 | 0.50% | 0.03% | 0.75x | 25.09x | $-11.32 Million |
| 1999 | -82.85% | -2.65% | 0.64x | 48.99x | $-60.63 Million |
| 2000 | 20.44% | 0.77% | 0.65x | 40.67x | $8.58 Million |
| 2001 | 0.00% | -26.51% | 0.63x | 0.00x | $-415.29 Million |
| 2002 | 0.00% | -31.89% | 0.66x | 0.00x | $-360.14 Million |
| 2003 | 0.00% | -57.73% | 0.84x | 0.00x | $-614.10 Million |
| 2004 | 0.00% | -79.24% | 0.50x | 0.00x | $-508.38 Million |
| 2005 | 0.00% | -69.17% | 0.71x | 0.00x | $-439.58 Million |
| 2006 | 7.07% | 3.93% | 1.02x | 1.77x | $-10.87 Million |
| 2007 | 10.71% | 6.71% | 1.29x | 1.24x | $6.72 Million |
| 2008 | -8.69% | -4.54% | 1.32x | 1.45x | $-147.31 Million |
| 2009 | 7.65% | 6.98% | 0.91x | 1.20x | $-21.22 Million |
| 2010 | 1.55% | 1.31% | 0.80x | 1.47x | $-77.12 Million |
| 2011 | 3.12% | 2.04% | 1.00x | 1.53x | $-58.63 Million |
| 2012 | 8.01% | 6.31% | 0.78x | 1.64x | $-21.28 Million |
| 2013 | 9.67% | 8.08% | 0.73x | 1.63x | $-3.62 Million |
| 2014 | 7.07% | 5.29% | 0.78x | 1.72x | $-29.79 Million |
| 2015 | -30.55% | -17.00% | 1.11x | 1.61x | $-314.04 Million |
| 2016 | 11.40% | 6.89% | 0.92x | 1.79x | $11.23 Million |
| 2017 | 6.08% | 3.25% | 1.01x | 1.86x | $-29.23 Million |
| 2018 | 12.39% | 5.78% | 1.12x | 1.92x | $17.66 Million |
| 2019 | 8.45% | 4.09% | 0.99x | 2.08x | $-11.39 Million |
| 2020 | 3.93% | 2.46% | 0.63x | 2.55x | $-44.44 Million |
| 2021 | -2.67% | -0.71% | 1.08x | 3.50x | $-87.75 Million |
| 2022 | -4.69% | -0.86% | 1.50x | 3.63x | $-92.72 Million |
| 2023 | 7.24% | 1.53% | 1.36x | 3.48x | $-18.02 Million |
| 2024 | 7.01% | 1.55% | 1.31x | 3.47x | $-20.00 Million |
| 2025 | 13.62% | 3.34% | 1.32x | 3.10x | $29.89 Million |
Industry Comparison
This section compares Kaiser Aluminum Corporation's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $2,575,616,333
- Average return on equity (ROE) among peers: 6.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kaiser Aluminum Corporation (KALU) | $877.30 Million | 60.03% | 2.18x | $2.95 Billion |
| Alcoa Corp (AA) | $5.89 Billion | -19.11% | 1.49x | $10.77 Billion |
| Century Aluminum Company (CENX) | $1.04 Billion | 1.09% | 0.74x | $5.83 Billion |
| Constellium Nv (CSTM) | $802.57 Million | 38.38% | 5.57x | $3.39 Billion |
About Kaiser Aluminum Corporation
Kaiser Aluminum Corporation, together with its subsidiaries, manufactures and sells semi-fabricated specialty aluminum mill products. It offers flat-rolled plate, sheet, and coil; extruded rod, bar, hollows, and shapes; drawn rod, bar, pipe, tube, and wire; and cast aluminum products. The company also offers aero/HS products, such as heat-treated plates and sheets, hard alloy extruded shapes, col… Read more