Constellium SE: My Conviction Just Got A Boost As Earnings Come In Strong

Constellium SE is upgraded to Strong Buy after a robust Q1 FY2026, with sustained pass-through pricing power and sector-leading performance. CSTM's packaging segment demonstrates strong pricing power, with revenues up 22.9% despite only 3.5% shipment growth, validating pass-through protection. Management raised FY2026 guidance to $920M adjusted EBITDA, and CSTM trades at a discounted 6.73x EV/EBITDA versus a sector median of 8.3x.