Constellium SE· CSTM

Constellium SE, along with its various subsidiaries, specializes in the development, production, and distribution of high-performance rolled and extruded aluminum solutions. These solutions primarily serve the packaging, aerospace, and automotive industries. Its operations are structured into three distinct business segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. The Packaging & Automotive Rolled Products division manufactures rolled aluminum materials. This includes stock for beverage and food cans and closures, as well as foil for flexible packaging applications. Additionally, this segment provides crucial components for the automotive sector, such as body sheets and heat exchangers, alongside specialized reflective sheets. Within the Aerospace & Transportation segment, the company supplies an array of rolled aluminum products. These encompass plates, sheets, and extrusions specifically tailored for aerospace applications, including wing skins. Furthermore, it delivers plates and sheets for various transportation, industrial, and defense uses. The Automotive Structures & Industry division is responsible for advanced extruded products and structural components designed for the automotive sector. Its offerings include critical items like crash-management systems, body structures, side impact beams, and battery enclosures. It also produces both hard and soft alloy extruded profiles utilized across diverse industrial contexts, spanning automotive, engineering, rail, and other transport-related markets. Beyond manufacturing, this segment delivers value-added downstream services such as pre-machining, surface treatment, research and development, and comprehensive technical support. Constellium distributes its products either directly to customers or via a network of distributors. Its global footprint includes sales operations in European nations such as France, Germany, the Czech Republic, the United Kingdom, and Switzerland, as well as in the United States, Shanghai, and Seoul. Established in 2010, Constellium SE maintains its corporate headquarters in Paris, France.

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  Constellium SE: The Market Is Still Pricing The Old Earnings Base

  I initiate coverage of Constellium SE with a Strong Buy rating and a $55 price target. Aerospace is my strongest growth driver, supported by recovering aircraft production, easing destocking and higher EBITDA per ton, while packaging, automotive rolled products and AS&I provide additional earnings growth. The valuation remains difficult for me to ignore, with CSTM trading at 6.54x FWD non-GAAP P/E and 5.23x FWD EV/EBITDA.

  Aug 31, 2026

• WF

  Constellium price target raised to $35 from $29 at Wells Fargo

  Wells Fargo· Timna Tanners· $35.00
  Apr 15, 2026
• BC

  Constellium price target raised to $32 from $30 at BMO Capital

  BMO Capital· Katja Jancic· $32.00
  Apr 9, 2026
• DB

  Constellium price target raised to $28 from $25 at Deutsche Bank

  Deutsche Bank· Corinne Blanchard· $28.00
  Feb 19, 2026
• BC

  Constellium (CSTM) PT Raised to $30 at BMO Capital

  BMO Capital· Katja Jancic· $30.00
  Feb 18, 2026
• BC

  Constellium (CSTM) PT Lowered to $18 at BMO Capital

  BMO Capital· Katja Jancic· $18.00
  Oct 24, 2024