Nalco gets an aluminum price boost, but other worries could limit gains
Amid strong demand and firm prices, Nalco’s shares have more than doubled over the past year. The stock trades at an enterprise value of 7 to 7.5 times FY27 estimated Ebitda, according to various brokerages. Further upside may be difficult. “Despite strong fundamentals, zero debt, favorable LME prices and a robust demand outlook for aluminum…