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Acerinox BME:ACX Stock Report

Last Price

€10.34

Market Cap

€2.6b

7D

2.1%

1Y

1.4%

Updated

05 May, 2025

Data

Company Financials +

Acerinox, S.A.

BME:ACX Stock Report

Market Cap: €2.6b

ACX Stock Overview

Manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. More details

ACX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends3/6

Rewards

Trading at 33.9% below our estimate of its fair value

Earnings are forecast to grow 21.87% per year

Analysts in good agreement that stock price will rise by 30.3%

Risk Analysis

Volatile share price over the past 3 months compared to the Spanish market

Dividend of 6% is not well covered by free cash flows

Large one-off items impacting financial results


Community vs My Fair Value

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Acerinox
AN
AnalystConsensusTarget
Consensus Narrative from 15 Analysts

Haynes Acquisition And 20% NAS Expansion Will Strengthen Future Market Position

Key Takeaways The acquisition of Haynes International and focus on core markets enhance Acerinox's market share and revenue potential in high-demand sectors and regions. Investments in sustainability and selling non-core assets strengthen the balance sheet, supporting strategic growth in profitable sectors and boosting future earnings.
View narrative
€13.47
FV
23.3% undervalued intrinsic discount
10.28%
Revenue growth p.a.
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17users have followed this narrative
5 days ago author updated this narrative
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Acerinox, S.A. Competitors

Tubacex

BME:TUB

€457.0m

Tubos Reunidos

BME:TRG

€101.1m

Cementos Molins

BDM:CMO

€1.7b

Vidrala

BME:VID

€3.2b

Price History & Performance

Summary of share price highs, lows and changes for Acerinox
Historical stock prices
Current Share Price€10.34
52 Week High€11.96
52 Week Low€8.30
Beta1.08
1 Month Change11.48%
3 Month Change5.40%
1 Year Change1.37%
3 Year Change4.40%
5 Year Change58.20%
Change since IPO481.21%

Recent News & Updates

Acerinox's (BME:ACX) Returns On Capital Not Reflecting Well On The Business

Mar 20
Acerinox's (BME:ACX) Returns On Capital Not Reflecting Well On The Business

Does Acerinox (BME:ACX) Have A Healthy Balance Sheet?

Feb 26
Does Acerinox (BME:ACX) Have A Healthy Balance Sheet?

Recent updates

Acerinox's (BME:ACX) Returns On Capital Not Reflecting Well On The Business

Mar 20
Acerinox's (BME:ACX) Returns On Capital Not Reflecting Well On The Business

Does Acerinox (BME:ACX) Have A Healthy Balance Sheet?

Feb 26
Does Acerinox (BME:ACX) Have A Healthy Balance Sheet?
author-image

Haynes Acquisition And Europa Plant Revamp Will Boost Future Market Expansion

Feb 09 Completion of the Haynes acquisition and Bahru Stainless sale are poised to enhance future revenue, EBITDA, and net earnings through market expansion and accounting gains.

Acerinox, S.A. (BME:ACX) Not Flying Under The Radar

Jan 28
Acerinox, S.A. (BME:ACX) Not Flying Under The Radar

An Intrinsic Calculation For Acerinox, S.A. (BME:ACX) Suggests It's 38% Undervalued

Jan 03
An Intrinsic Calculation For Acerinox, S.A. (BME:ACX) Suggests It's 38% Undervalued

We Think You Can Look Beyond Acerinox's (BME:ACX) Lackluster Earnings

Nov 04
We Think You Can Look Beyond Acerinox's (BME:ACX) Lackluster Earnings

Earnings Miss: Acerinox, S.A. Missed EPS By 9.5% And Analysts Are Revising Their Forecasts

Nov 02
Earnings Miss: Acerinox, S.A. Missed EPS By 9.5% And Analysts Are Revising Their Forecasts

We Think Acerinox (BME:ACX) Is Taking Some Risk With Its Debt

Oct 30
We Think Acerinox (BME:ACX) Is Taking Some Risk With Its Debt

Are Investors Undervaluing Acerinox, S.A. (BME:ACX) By 32%?

Sep 09
Are Investors Undervaluing Acerinox, S.A. (BME:ACX) By 32%?

Acerinox, S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Jul 27
Acerinox, S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Is Acerinox (BME:ACX) Using Too Much Debt?

Jun 27
Is Acerinox (BME:ACX) Using Too Much Debt?

Acerinox, S.A. (BME:ACX) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Apr 29
Acerinox, S.A. (BME:ACX) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

A Piece Of The Puzzle Missing From Acerinox, S.A.'s (BME:ACX) Share Price

Apr 04
A Piece Of The Puzzle Missing From Acerinox, S.A.'s (BME:ACX) Share Price

These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively

Dec 18
These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively

Calculating The Fair Value Of Acerinox, S.A. (BME:ACX)

Nov 10
Calculating The Fair Value Of Acerinox, S.A. (BME:ACX)

These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively

Sep 09
These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively

Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?

Jul 30
Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?

These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well

Apr 18
These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well

Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?

Mar 31
Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?

Are Acerinox, S.A. (BME:ACX) Investors Paying Above The Intrinsic Value?

Dec 17
Are Acerinox, S.A. (BME:ACX) Investors Paying Above The Intrinsic Value?

We Think Acerinox (BME:ACX) Can Stay On Top Of Its Debt

Nov 22
We Think Acerinox (BME:ACX) Can Stay On Top Of Its Debt

An Intrinsic Calculation For Acerinox, S.A. (BME:ACX) Suggests It's 33% Undervalued

Sep 07
An Intrinsic Calculation For Acerinox, S.A. (BME:ACX) Suggests It's 33% Undervalued

Is Acerinox (BME:ACX) Using Too Much Debt?

Jul 30
Is Acerinox (BME:ACX) Using Too Much Debt?

Acerinox, S.A. (BME:ACX) Shares Could Be 24% Below Their Intrinsic Value Estimate

May 27
Acerinox, S.A. (BME:ACX) Shares Could Be 24% Below Their Intrinsic Value Estimate

These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well

Apr 15
These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well

A Look At The Fair Value Of Acerinox, S.A. (BME:ACX)

Feb 09
A Look At The Fair Value Of Acerinox, S.A. (BME:ACX)

Is Acerinox (BME:ACX) Using Too Much Debt?

Dec 28
Is Acerinox (BME:ACX) Using Too Much Debt?

Acerinox, S.A. (BME:ACX) Shares Could Be 34% Below Their Intrinsic Value Estimate

Oct 25
Acerinox, S.A. (BME:ACX) Shares Could Be 34% Below Their Intrinsic Value Estimate

Are Investors Undervaluing Acerinox, S.A. (BME:ACX) By 20%?

Jul 25
Are Investors Undervaluing Acerinox, S.A. (BME:ACX) By 20%?

Acerinox (BME:ACX) Seems To Use Debt Quite Sensibly

Jun 14
Acerinox (BME:ACX) Seems To Use Debt Quite Sensibly

Should You Or Shouldn't You: A Dividend Analysis on Acerinox, S.A. (BME:ACX)

Apr 11
Should You Or Shouldn't You: A Dividend Analysis on Acerinox, S.A. (BME:ACX)

Acerinox's (BME:ACX) Solid Earnings Have Been Accounted For Conservatively

Mar 06
Acerinox's (BME:ACX) Solid Earnings Have Been Accounted For Conservatively

Does Acerinox (BME:ACX) Have A Healthy Balance Sheet?

Feb 20
Does Acerinox (BME:ACX) Have A Healthy Balance Sheet?

What Type Of Shareholders Make Up Acerinox, S.A.'s (BME:ACX) Share Registry?

Jan 27
What Type Of Shareholders Make Up Acerinox, S.A.'s (BME:ACX) Share Registry?

Acerinox's (BME:ACX) Stock Price Has Reduced 22% In The Past Three Years

Jan 07
Acerinox's (BME:ACX) Stock Price Has Reduced 22% In The Past Three Years

Shareholder Returns

ACXES Metals and MiningES Market
7D2.1%1.5%0.05%
1Y1.4%2.4%19.9%

Return vs Industry: ACX underperformed the Spanish Metals and Mining industry which returned 2.4% over the past year.

Return vs Market: ACX underperformed the Spanish Market which returned 19.9% over the past year.

Price Volatility

Is ACX's price volatile compared to industry and market?
ACX volatility
ACX Average Weekly Movement5.5%
Metals and Mining Industry Average Movement7.6%
Market Average Movement3.8%
10% most volatile stocks in ES Market6.6%
10% least volatile stocks in ES Market0.5%

Stable Share Price: ACX's share price has been volatile over the past 3 months compared to the Spanish market.

Volatility Over Time: ACX's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of Spanish stocks.

About the Company

FoundedEmployeesCEOWebsite
19709,311Bernardo Velazquez Herreroswww.acerinox.com

Acerinox, S.A., together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel and High-performance Alloys segments. The company offers various flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.

Acerinox, S.A. Fundamentals Summary

How do Acerinox's earnings and revenue compare to its market cap?
ACX fundamental statistics
Market cap€2.58b
Earnings (TTM)€224.95m
Revenue (TTM)€5.42b

11.5x

P/E Ratio

0.5x

P/S Ratio

Is ACX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ACX income statement (TTM)
Revenue€5.42b
Cost of Revenue€3.64b
Gross Profit€1.78b
Other Expenses€1.56b
Earnings€224.95m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

May 08, 2025

Earnings per share (EPS)0.90
Gross Margin32.87%
Net Profit Margin4.15%
Debt/Equity Ratio92.5%

How did ACX perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

69%

Payout Ratio

Does ACX pay a reliable dividends?

See ACX dividend history and benchmarks
When do you need to buy ACX by to receive an upcoming dividend?
Acerinox dividend dates
Ex Dividend DateJul 16 2025
Dividend Pay DateJul 18 2025
Days until Ex dividend71 days
Days until Dividend pay date73 days

Does ACX pay a reliable dividends?

See ACX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/05 23:05
End of Day Share Price 2025/05/05 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Acerinox, S.A. is covered by 43 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pierre-Yves GauthierAlphaValue
Bruno BessaBanco BPI, S.A.
Jaime Ojeda de DiegoBanco de Madrid S.A.U.