Acerinox（ACX）株式概要Acerinox, S.A.は、その子会社とともに、スペイン、米国、アフリカ、アジア、その他のヨーロッパ、および国際的なステンレス鋼製品の製造、加工、販売を行っている。 詳細ACX ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長4/6過去の実績0/6財務の健全性3/6配当金1/6報酬収益は年間64.73%増加すると予測されています リスク分析4.07%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 負債は営業キャッシュフローで十分にカバーされていない すべてのリスクチェックを見るACX Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€15.3470.6% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-65m9b2016201920222025202620282031Revenue €8.7bEarnings €1.2bAdvancedSet Fair ValueView all narrativesAcerinox, S.A. 競合他社VoestalpineSymbol: WBAG:VOEMarket cap: €7.9bWienerbergerSymbol: WBAG:WIEMarket cap: €2.5bAMAG Austria MetallSymbol: WBAG:AMAGMarket cap: €987.4mMayr-Melnhof KartonSymbol: WBAG:MMKMarket cap: €1.6b価格と性能株価の高値、安値、推移の概要Acerinox過去の株価現在の株価€15.3452週高値€15.3452週安値€9.96ベータ1.071ヶ月の変化16.12%3ヶ月変化15.51%1年変化49.22%3年間の変化52.41%5年間の変化30.78%IPOからの変化27.73%最新ニュースNew Risk • May 22New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 239%お知らせ • Mar 30Acerinox, S.A., Annual General Meeting, May 05, 2026Acerinox, S.A., Annual General Meeting, May 05, 2026. Location: circulo de bellas artes, planta 2, teatro fernando de rojas, calle del marques de casa riera 2, madrid Spainお知らせ • Dec 30+ 3 more updatesAcerinox, S.A. to Report Q2, 2026 Results on Jul 24, 2026Acerinox, S.A. announced that they will report Q2, 2026 results Pre-Market on Jul 24, 2026Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: €0.10 (vs €0.19 in 3Q 2024)Third quarter 2025 results: EPS: €0.10 (down from €0.19 in 3Q 2024). Revenue: €1.42b (up 8.3% from 3Q 2024). Net income: €25.0m (down 48% from 3Q 2024). Profit margin: 1.8% (down from 3.7% in 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Large one-off items impacting financial results.Reported Earnings • Jul 25Second quarter 2025 earnings released: €0.11 loss per share (vs €0.25 profit in 2Q 2024)Second quarter 2025 results: €0.11 loss per share (down from €0.25 profit in 2Q 2024). Revenue: €1.52b (up 17% from 2Q 2024). Net loss: €27.5m (down 145% from profit in 2Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.最新情報をもっと見るRecent updatesNew Risk • May 22New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 239%お知らせ • Mar 30Acerinox, S.A., Annual General Meeting, May 05, 2026Acerinox, S.A., Annual General Meeting, May 05, 2026. Location: circulo de bellas artes, planta 2, teatro fernando de rojas, calle del marques de casa riera 2, madrid Spainお知らせ • Dec 30+ 3 more updatesAcerinox, S.A. to Report Q2, 2026 Results on Jul 24, 2026Acerinox, S.A. announced that they will report Q2, 2026 results Pre-Market on Jul 24, 2026Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: €0.10 (vs €0.19 in 3Q 2024)Third quarter 2025 results: EPS: €0.10 (down from €0.19 in 3Q 2024). Revenue: €1.42b (up 8.3% from 3Q 2024). Net income: €25.0m (down 48% from 3Q 2024). Profit margin: 1.8% (down from 3.7% in 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Large one-off items impacting financial results.Reported Earnings • Jul 25Second quarter 2025 earnings released: €0.11 loss per share (vs €0.25 profit in 2Q 2024)Second quarter 2025 results: €0.11 loss per share (down from €0.25 profit in 2Q 2024). Revenue: €1.52b (up 17% from 2Q 2024). Net loss: €27.5m (down 145% from profit in 2Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Jul 09Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 16 July 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of Austrian dividend payers (5.0%). Higher than average of industry peers (3.8%).Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. External Independent Director Pedro de Baranda Riva was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 09First quarter 2025 earnings released: EPS: €0.04 (vs €0.21 in 1Q 2024)First quarter 2025 results: EPS: €0.04 (down from €0.21 in 1Q 2024). Revenue: €1.55b (up 4.7% from 1Q 2024). Net income: €10.0m (down 81% from 1Q 2024). Profit margin: 0.6% (down from 3.6% in 1Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €8.90, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.75 per share.お知らせ • Apr 02Acerinox, S.A., Annual General Meeting, May 06, 2025Acerinox, S.A., Annual General Meeting, May 06, 2025. Location: paseo de la castellana 33, auditorio mutua madrilena., madrid Spainお知らせ • Jan 18+ 2 more updatesAcerinox, S.A. to Report Q1, 2025 Results on May 08, 2025Acerinox, S.A. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025お知らせ • Jan 14Acerinox, S.A. to Report Q4, 2024 Results on Feb 28, 2025Acerinox, S.A. announced that they will report Q4, 2024 results at 9:00 AM, Romance Standard Time on Feb 28, 2025Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: €0.19 (vs €0.28 in 3Q 2023)Third quarter 2024 results: EPS: €0.19 (down from €0.28 in 3Q 2023). Revenue: €1.31b (down 16% from 3Q 2023). Net income: €48.0m (down 31% from 3Q 2023). Profit margin: 3.7% (down from 4.5% in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Oct 11Worldwide Stainless Sdn. Bhd, agreed to acquire Bahru Stainless, Sdn. Bhd. from Acerinox, S.A. (BME:ACX) for $95 million.Worldwide Stainless Sdn. Bhd, agreed to acquire Bahru Stainless, Sdn. Bhd. from Acerinox, S.A. (BME:ACX) for $95 million on October 10, 2024. A cash consideration of $95 million will be paid by Worldwide Stainless Sdn. Bhd,. As part of consideration, $95 million is paid towards common equity of Bahru Stainless, Sdn. Bhd. The expected completion of the transaction is at the end of November 2024.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: €0.25 (vs €0.59 in 2Q 2023)Second quarter 2024 results: EPS: €0.25 (down from €0.59 in 2Q 2023). Revenue: €1.31b (down 25% from 2Q 2023). Net income: €61.5m (down 57% from 2Q 2023). Profit margin: 4.7% (down from 8.1% in 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jul 10Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 19 July 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Austrian dividend payers (5.8%). Higher than average of industry peers (3.8%).Reported Earnings • Apr 29First quarter 2024 earnings released: EPS: €0.21 (vs €0.52 in 1Q 2023)First quarter 2024 results: EPS: €0.21 (down from €0.52 in 1Q 2023). Revenue: €1.48b (down 17% from 1Q 2023). Net income: €53.0m (down 61% from 1Q 2023). Profit margin: 3.6% (down from 7.6% in 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.New Risk • Apr 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin).お知らせ • Mar 15Acerinox, S.A., Annual General Meeting, Apr 19, 2024Acerinox, S.A., Annual General Meeting, Apr 19, 2024, at 12:00 Central European Standard Time. Location: Paseo de Juan XXIII, nº 3 Madrid Spain Agenda: To consider and approve the annual financial statements and management reports referring to Acerinox, S.A. and its Consolidated Group, all of which pertain to the year ended December 31, 2023; to examine and approve the Consolidated Nonfinancial Information Statement for the year ended December 31, 2023; to consider and approve the management of the board of directors for the year ended December 31, 2023; and to consider and approve the other matters of business.New Risk • Mar 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin).Reported Earnings • Mar 03Full year 2023 earnings released: EPS: €0.92 (vs €2.16 in FY 2022)Full year 2023 results: EPS: €0.92 (down from €2.16 in FY 2022). Revenue: €8.55b (down 1.9% from FY 2022). Net income: €228.0m (down 59% from FY 2022). Profit margin: 2.7% (down from 6.4% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to decline by 8.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jan 17Upcoming dividend of €0.25 per share at 5.9% yieldEligible shareholders must have bought the stock before 24 January 2024. Payment date: 26 January 2024. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 5.9%. Within top quartile of Austrian dividend payers (5.0%). Lower than average of industry peers (8.5%).お知らせ • Dec 20+ 3 more updatesAcerinox, S.A. to Report Q1, 2024 Results on Apr 24, 2024Acerinox, S.A. announced that they will report Q1, 2024 results Pre-Market on Apr 24, 2024Reported Earnings • Nov 07Third quarter 2023 earnings released: EPS: €0.28 (vs €0.51 in 3Q 2022)Third quarter 2023 results: EPS: €0.28 (down from €0.51 in 3Q 2022). Revenue: €1.56b (down 28% from 3Q 2022). Net income: €70.0m (down 47% from 3Q 2022). Profit margin: 4.5% (down from 6.1% in 3Q 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: €0.59 (vs €1.35 in 2Q 2022)Second quarter 2023 results: EPS: €0.59 (down from €1.35 in 2Q 2022). Revenue: €1.80b (down 29% from 2Q 2022). Net income: €141.7m (down 59% from 2Q 2022). Profit margin: 7.9% (down from 14% in 2Q 2022). Revenue is expected to fall by 2.2% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 06Upcoming dividend of €0.24 per share at 6.2% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of Austrian dividend payers (5.4%). Lower than average of industry peers (8.6%).お知らせ • Jun 01Acerinox, S.A. (BME:ACX) announces an Equity Buyback for 213,000 shares, representing 0.08% for €2.56 million.Acerinox, S.A. (BME:ACX) announces a share repurchase program. Under the program, the company will repurchase up to 213,000 shares, representing 0.08% of its share capital for a total of €2.56 million. The purpose of this plan is to use the repurchased shares for its possible later amortization and to redeem the shares that were issued in the years when the dividend paid was made through scrip dividend. The repurchase program is valid till June 29, 2023.Reported Earnings • Mar 02Full year 2022 earnings released: EPS: €2.16 (vs €2.12 in FY 2021)Full year 2022 results: EPS: €2.16. Revenue: €8.76b (up 31% from FY 2021). Net income: €556.1m (down 2.8% from FY 2021). Profit margin: 6.3% (down from 8.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 11% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Metals and Mining industry in Europe.Board Change • Feb 23Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. President of the Board Carlos Arias-Paz was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Feb 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. President of the Board Carlos Arias-Paz was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Jan 18Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 25 January 2023. Payment date: 27 January 2023. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Within top quartile of Austrian dividend payers (5.2%). Lower than average of industry peers (8.0%).お知らせ • Dec 22+ 3 more updatesAcerinox, S.A. to Report Q3, 2023 Results on Nov 03, 2023Acerinox, S.A. announced that they will report Q3, 2023 results on Nov 03, 2023Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: €0.51 (vs €0.63 in 3Q 2021)Third quarter 2022 results: EPS: €0.51 (down from €0.63 in 3Q 2021). Revenue: €2.18b (up 28% from 3Q 2021). Net income: €133.0m (down 22% from 3Q 2021). Profit margin: 6.1% (down from 10.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 8.8% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: €1.35 (vs €0.46 in 2Q 2021)Second quarter 2022 results: EPS: €1.35 (up from €0.46 in 2Q 2021). Revenue: €2.55b (up 57% from 2Q 2021). Net income: €342.9m (up 175% from 2Q 2021). Profit margin: 13% (up from 7.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 6.8% compared to a 26% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €8.13, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Metals and Mining industry in Europe. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.99 per share.Upcoming Dividend • Jun 24Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 01 July 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Austrian dividend payers (5.4%). Lower than average of industry peers (8.8%).お知らせ • Jun 04+ 1 more updateAcerinox and Aperam Reportedly Studying A MergerAperam S.A. (ENXTAM:APAM) is studying a possible merger with SAcerinox, S.A. (BME:ACX), an operation that would result in the creation of a European giant in the metallurgical sector. This was announced this on June 2, 2022 by the Bloomberg agency, which cites sources close to the companies, although neither of the two companies have commented on the matter at the moment. According to Bloomberg, Aperam has not made any decision for now, so it is not certain that the merger will take place. Both companies are working with advisers to explore the potential deal.Buying Opportunity • Jun 03Now 21% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €15.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 96%. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings is also forecast to decline by 31% per annum over the same time period.Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €9.35, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.74 per share.Reported Earnings • Mar 01Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €2.11 (up from €0.18 in FY 2020). Revenue: €2.02b (down 57% from FY 2020). Net income: €571.9m (up €522.8m from FY 2020). Profit margin: 28% (up from 1.0% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 262%, compared to a 24% growth forecast for the mining industry in Austria. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 05Acerinox, S.A. to Report Fiscal Year 2021 Results on Feb 28, 2022Acerinox, S.A. announced that they will report fiscal year 2021 results Pre-Market on Feb 28, 2022Buying Opportunity • Jan 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.6%. The fair value is estimated to be €13.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% per annum over the last 3 years. The company has become profitable over the last year.Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS €0.63 (vs €0.10 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.70b (up 52% from 3Q 2020). Net income: €171.0m (up €143.0m from 3Q 2020). Profit margin: 10.0% (up from 2.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS €0.46 (vs €0.16 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.64b (up 40% from 2Q 2020). Net income: €124.6m (up €150.5m from 2Q 2020). Profit margin: 7.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jun 18Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €9.78, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.72 per share.お知らせ • Jun 18An unknown buyer acquired 7.9% stake of Acerinox, S.A. (BME:ACX) from Nippon Steel Corporation (TSE:5401).An unknown buyer acquired 7.9% stake of Acerinox, S.A. (BME:ACX) from Nippon Steel Corporation (TSE:5401) on June 17, 2021. An unknown buyer completed the acquisition of 7.9% stake of Acerinox, S.A. (BME:ACX) from Nippon Steel Corporation (TSE:5401) on June 17, 2021.Upcoming Dividend • May 25Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 01 June 2021. Payment date: 03 June 2021. Trailing yield: 4.3%. Within top quartile of Austrian dividend payers (3.2%). In line with average of industry peers (4.5%).Reported Earnings • May 15First quarter 2021 earnings released: EPS €0.29 (vs €0.10 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.44b (up 24% from 1Q 2020). Net income: €78.0m (up 179% from 1Q 2020). Profit margin: 5.4% (up from 2.4% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 28Full year 2020 earnings released: EPS €0.18 (vs €0.22 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €4.71b (down 1.2% from FY 2019). Net income: €49.0m (up €108.6m from FY 2019). Profit margin: 1.0% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 28Revenue beats expectationsRevenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 13%, compared to a 23% growth forecast for the Metals and Mining industry in Austria.Is New 90 Day High Low • Feb 20New 90-day high: €9.91The company is up 14% from its price of €8.72 on 20 November 2020. The Austrian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.14 per share.Is New 90 Day High Low • Jan 04New 90-day high: €9.28The company is up 30% from its price of €7.12 on 06 October 2020. The Austrian market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.27 per share.お知らせ • Dec 30+ 2 more updatesAcerinox, S.A. to Report Q3, 2021 Results on Nov 03, 2021Acerinox, S.A. announced that they will report Q3, 2021 results on Nov 03, 2021お知らせ • Dec 25Acerinox, S.A. to Report Fiscal Year 2020 Results on Feb 26, 2021Acerinox, S.A. announced that they will report fiscal year 2020 results on Feb 26, 2021Upcoming Dividend • Nov 24Upcoming Dividend of €0.32 Per ShareWill be paid on the 2nd of December to those who are registered shareholders by the 30th of November. The trailing yield of 5.7% is in the top quartile of Austrian dividend payers (4.3%), and it is higher than industry peers (5.2%).Is New 90 Day High Low • Nov 11New 90-day high: €7.81The company is up 4.0% from its price of €7.48 on 13 August 2020. The Austrian market is also up 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.73 per share.Analyst Estimate Surprise Post Earnings • Oct 29Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 4.6% at €1.12b. Revenue is forecast to grow 11% over the next year, compared to a 8.2% growth forecast for the Metals and Mining industry in Austria.Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total losses of €141.5m, with earnings decreasing by €268.6m from the prior year. Total revenue was €4.55b over the last 12 months, down 5.5% from the prior year.Is New 90 Day High Low • Sep 22New 90-day low: €6.69The company is down 6.0% from its price of €7.09 on 24 June 2020. The Austrian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.93 per share.株主還元ACXAT Metals and MiningAT 市場7D5.9%1.1%0.9%1Y49.2%86.2%25.4%株主還元を見る業界別リターン: ACX過去 1 年間で86.2 % の収益を上げたAustrian Metals and Mining業界を下回りました。リターン対市場: ACX過去 1 年間で25.4 % の収益を上げたAustrian市場を上回りました。価格変動Is ACX's price volatile compared to industry and market?ACX volatilityACX Average Weekly Movement5.7%Metals and Mining Industry Average Movement8.4%Market Average Movement5.0%10% most volatile stocks in AT Market6.9%10% least volatile stocks in AT Market2.9%安定した株価: ACX 、 Austrian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: ACXの 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19709,094Bernardo Velazquez Herreroswww.acerinox.comアセリノックス社（Acerinox, S.A.）は、その子会社とともに、スペイン、米国、アフリカ、アジア、その他のヨーロッパ、および国際的なステンレス鋼製品の製造、加工、販売を行っている。ステンレス部門と高機能合金部門を通じて事業を展開している。同社は、熱間および冷間圧延コイル・シート、ストリップ、フラットバー、ディスク、刻印コイル・シート、ブラックコイル、スラブ、サークル、ビレット、プレートなどの様々な平らな製品を提供しています。また、線材、六角線材、剥離棒、熱間・冷間補強コイルと棒、黒棒、プロファイル、アングル、鋼プロファイル、ステンレス鋼、カラーコーティング、補強線、冷間引抜仕上げ棒、センターレス研削仕上げ棒、熱間圧延補強コイル、熱間圧延フラットバー、溶接消耗品、バネ、汎用、プレストレス、プロファイルなどの長尺製品も提供している。さらに、オーステナイト系、フェライト系、二相鋼、マルテンサイト系などのステンレス鋼製品、溶接材料用ワイヤーステンレス鋼も提供している。アセリノックスS.A.は1970年に設立され、スペインのマドリッドに本社を置く。もっと見るAcerinox, S.A. 基礎のまとめAcerinox の収益と売上を時価総額と比較するとどうか。ACX 基礎統計学時価総額€3.80b収益（TTM）-€45.07m売上高(TTM)€5.62b0.7xP/Sレシオ-84.4xPER（株価収益率ACX は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計ACX 損益計算書（TTM）収益€5.62b売上原価€3.67b売上総利益€1.95bその他の費用€1.99b収益-€45.07m直近の収益報告Mar 31, 2026次回決算日Jul 24, 2026一株当たり利益（EPS）-0.18グロス・マージン34.70%純利益率-0.80%有利子負債／自己資本比率100.1%ACX の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.1%現在の配当利回り-386%配当性向ACX 配当は確実ですか？ACX 配当履歴とベンチマークを見るACX 、いつまでに購入すれば配当金を受け取れますか？Acerinox 配当日配当落ち日Jul 15 2026配当支払日Jul 17 2026配当落ちまでの日数52 days配当支払日までの日数54 daysACX 配当は確実ですか？ACX 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 09:23終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Acerinox, S.A. 10 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。28 アナリスト機関null nullBanco de Sabadell. S.A.Robert JacksonBanco SantanderTom ZhangBarclays25 その他のアナリストを表示
New Risk • May 22New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 239%
お知らせ • Mar 30Acerinox, S.A., Annual General Meeting, May 05, 2026Acerinox, S.A., Annual General Meeting, May 05, 2026. Location: circulo de bellas artes, planta 2, teatro fernando de rojas, calle del marques de casa riera 2, madrid Spain
お知らせ • Dec 30+ 3 more updatesAcerinox, S.A. to Report Q2, 2026 Results on Jul 24, 2026Acerinox, S.A. announced that they will report Q2, 2026 results Pre-Market on Jul 24, 2026
Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: €0.10 (vs €0.19 in 3Q 2024)Third quarter 2025 results: EPS: €0.10 (down from €0.19 in 3Q 2024). Revenue: €1.42b (up 8.3% from 3Q 2024). Net income: €25.0m (down 48% from 3Q 2024). Profit margin: 1.8% (down from 3.7% in 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Jul 25Second quarter 2025 earnings released: €0.11 loss per share (vs €0.25 profit in 2Q 2024)Second quarter 2025 results: €0.11 loss per share (down from €0.25 profit in 2Q 2024). Revenue: €1.52b (up 17% from 2Q 2024). Net loss: €27.5m (down 145% from profit in 2Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
New Risk • May 22New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 239%
お知らせ • Mar 30Acerinox, S.A., Annual General Meeting, May 05, 2026Acerinox, S.A., Annual General Meeting, May 05, 2026. Location: circulo de bellas artes, planta 2, teatro fernando de rojas, calle del marques de casa riera 2, madrid Spain
お知らせ • Dec 30+ 3 more updatesAcerinox, S.A. to Report Q2, 2026 Results on Jul 24, 2026Acerinox, S.A. announced that they will report Q2, 2026 results Pre-Market on Jul 24, 2026
Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: €0.10 (vs €0.19 in 3Q 2024)Third quarter 2025 results: EPS: €0.10 (down from €0.19 in 3Q 2024). Revenue: €1.42b (up 8.3% from 3Q 2024). Net income: €25.0m (down 48% from 3Q 2024). Profit margin: 1.8% (down from 3.7% in 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
New Risk • Jul 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Jul 25Second quarter 2025 earnings released: €0.11 loss per share (vs €0.25 profit in 2Q 2024)Second quarter 2025 results: €0.11 loss per share (down from €0.25 profit in 2Q 2024). Revenue: €1.52b (up 17% from 2Q 2024). Net loss: €27.5m (down 145% from profit in 2Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Jul 09Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 16 July 2025. Payment date: 18 July 2025. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of Austrian dividend payers (5.0%). Higher than average of industry peers (3.8%).
Board Change • Jun 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. External Independent Director Pedro de Baranda Riva was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 09First quarter 2025 earnings released: EPS: €0.04 (vs €0.21 in 1Q 2024)First quarter 2025 results: EPS: €0.04 (down from €0.21 in 1Q 2024). Revenue: €1.55b (up 4.7% from 1Q 2024). Net income: €10.0m (down 81% from 1Q 2024). Profit margin: 0.6% (down from 3.6% in 1Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €8.90, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.75 per share.
お知らせ • Apr 02Acerinox, S.A., Annual General Meeting, May 06, 2025Acerinox, S.A., Annual General Meeting, May 06, 2025. Location: paseo de la castellana 33, auditorio mutua madrilena., madrid Spain
お知らせ • Jan 18+ 2 more updatesAcerinox, S.A. to Report Q1, 2025 Results on May 08, 2025Acerinox, S.A. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025
お知らせ • Jan 14Acerinox, S.A. to Report Q4, 2024 Results on Feb 28, 2025Acerinox, S.A. announced that they will report Q4, 2024 results at 9:00 AM, Romance Standard Time on Feb 28, 2025
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: €0.19 (vs €0.28 in 3Q 2023)Third quarter 2024 results: EPS: €0.19 (down from €0.28 in 3Q 2023). Revenue: €1.31b (down 16% from 3Q 2023). Net income: €48.0m (down 31% from 3Q 2023). Profit margin: 3.7% (down from 4.5% in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 11Worldwide Stainless Sdn. Bhd, agreed to acquire Bahru Stainless, Sdn. Bhd. from Acerinox, S.A. (BME:ACX) for $95 million.Worldwide Stainless Sdn. Bhd, agreed to acquire Bahru Stainless, Sdn. Bhd. from Acerinox, S.A. (BME:ACX) for $95 million on October 10, 2024. A cash consideration of $95 million will be paid by Worldwide Stainless Sdn. Bhd,. As part of consideration, $95 million is paid towards common equity of Bahru Stainless, Sdn. Bhd. The expected completion of the transaction is at the end of November 2024.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: €0.25 (vs €0.59 in 2Q 2023)Second quarter 2024 results: EPS: €0.25 (down from €0.59 in 2Q 2023). Revenue: €1.31b (down 25% from 2Q 2023). Net income: €61.5m (down 57% from 2Q 2023). Profit margin: 4.7% (down from 8.1% in 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jul 10Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 17 July 2024. Payment date: 19 July 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Austrian dividend payers (5.8%). Higher than average of industry peers (3.8%).
Reported Earnings • Apr 29First quarter 2024 earnings released: EPS: €0.21 (vs €0.52 in 1Q 2023)First quarter 2024 results: EPS: €0.21 (down from €0.52 in 1Q 2023). Revenue: €1.48b (down 17% from 1Q 2023). Net income: €53.0m (down 61% from 1Q 2023). Profit margin: 3.6% (down from 7.6% in 1Q 2023). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
New Risk • Apr 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin).
お知らせ • Mar 15Acerinox, S.A., Annual General Meeting, Apr 19, 2024Acerinox, S.A., Annual General Meeting, Apr 19, 2024, at 12:00 Central European Standard Time. Location: Paseo de Juan XXIII, nº 3 Madrid Spain Agenda: To consider and approve the annual financial statements and management reports referring to Acerinox, S.A. and its Consolidated Group, all of which pertain to the year ended December 31, 2023; to examine and approve the Consolidated Nonfinancial Information Statement for the year ended December 31, 2023; to consider and approve the management of the board of directors for the year ended December 31, 2023; and to consider and approve the other matters of business.
New Risk • Mar 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin).
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: €0.92 (vs €2.16 in FY 2022)Full year 2023 results: EPS: €0.92 (down from €2.16 in FY 2022). Revenue: €8.55b (down 1.9% from FY 2022). Net income: €228.0m (down 59% from FY 2022). Profit margin: 2.7% (down from 6.4% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to decline by 8.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jan 17Upcoming dividend of €0.25 per share at 5.9% yieldEligible shareholders must have bought the stock before 24 January 2024. Payment date: 26 January 2024. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 5.9%. Within top quartile of Austrian dividend payers (5.0%). Lower than average of industry peers (8.5%).
お知らせ • Dec 20+ 3 more updatesAcerinox, S.A. to Report Q1, 2024 Results on Apr 24, 2024Acerinox, S.A. announced that they will report Q1, 2024 results Pre-Market on Apr 24, 2024
Reported Earnings • Nov 07Third quarter 2023 earnings released: EPS: €0.28 (vs €0.51 in 3Q 2022)Third quarter 2023 results: EPS: €0.28 (down from €0.51 in 3Q 2022). Revenue: €1.56b (down 28% from 3Q 2022). Net income: €70.0m (down 47% from 3Q 2022). Profit margin: 4.5% (down from 6.1% in 3Q 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: €0.59 (vs €1.35 in 2Q 2022)Second quarter 2023 results: EPS: €0.59 (down from €1.35 in 2Q 2022). Revenue: €1.80b (down 29% from 2Q 2022). Net income: €141.7m (down 59% from 2Q 2022). Profit margin: 7.9% (down from 14% in 2Q 2022). Revenue is expected to fall by 2.2% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 06Upcoming dividend of €0.24 per share at 6.2% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of Austrian dividend payers (5.4%). Lower than average of industry peers (8.6%).
お知らせ • Jun 01Acerinox, S.A. (BME:ACX) announces an Equity Buyback for 213,000 shares, representing 0.08% for €2.56 million.Acerinox, S.A. (BME:ACX) announces a share repurchase program. Under the program, the company will repurchase up to 213,000 shares, representing 0.08% of its share capital for a total of €2.56 million. The purpose of this plan is to use the repurchased shares for its possible later amortization and to redeem the shares that were issued in the years when the dividend paid was made through scrip dividend. The repurchase program is valid till June 29, 2023.
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: €2.16 (vs €2.12 in FY 2021)Full year 2022 results: EPS: €2.16. Revenue: €8.76b (up 31% from FY 2021). Net income: €556.1m (down 2.8% from FY 2021). Profit margin: 6.3% (down from 8.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 11% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Metals and Mining industry in Europe.
Board Change • Feb 23Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. President of the Board Carlos Arias-Paz was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Feb 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. President of the Board Carlos Arias-Paz was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Jan 18Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 25 January 2023. Payment date: 27 January 2023. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 5.8%. Within top quartile of Austrian dividend payers (5.2%). Lower than average of industry peers (8.0%).
お知らせ • Dec 22+ 3 more updatesAcerinox, S.A. to Report Q3, 2023 Results on Nov 03, 2023Acerinox, S.A. announced that they will report Q3, 2023 results on Nov 03, 2023
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: €0.51 (vs €0.63 in 3Q 2021)Third quarter 2022 results: EPS: €0.51 (down from €0.63 in 3Q 2021). Revenue: €2.18b (up 28% from 3Q 2021). Net income: €133.0m (down 22% from 3Q 2021). Profit margin: 6.1% (down from 10.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 8.8% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: €1.35 (vs €0.46 in 2Q 2021)Second quarter 2022 results: EPS: €1.35 (up from €0.46 in 2Q 2021). Revenue: €2.55b (up 57% from 2Q 2021). Net income: €342.9m (up 175% from 2Q 2021). Profit margin: 13% (up from 7.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 6.8% compared to a 26% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 06Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €8.13, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Metals and Mining industry in Europe. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.99 per share.
Upcoming Dividend • Jun 24Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 01 July 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Austrian dividend payers (5.4%). Lower than average of industry peers (8.8%).
お知らせ • Jun 04+ 1 more updateAcerinox and Aperam Reportedly Studying A MergerAperam S.A. (ENXTAM:APAM) is studying a possible merger with SAcerinox, S.A. (BME:ACX), an operation that would result in the creation of a European giant in the metallurgical sector. This was announced this on June 2, 2022 by the Bloomberg agency, which cites sources close to the companies, although neither of the two companies have commented on the matter at the moment. According to Bloomberg, Aperam has not made any decision for now, so it is not certain that the merger will take place. Both companies are working with advisers to explore the potential deal.
Buying Opportunity • Jun 03Now 21% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €15.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 96%. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings is also forecast to decline by 31% per annum over the same time period.
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €9.35, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.74 per share.
Reported Earnings • Mar 01Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €2.11 (up from €0.18 in FY 2020). Revenue: €2.02b (down 57% from FY 2020). Net income: €571.9m (up €522.8m from FY 2020). Profit margin: 28% (up from 1.0% in FY 2020). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 262%, compared to a 24% growth forecast for the mining industry in Austria. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 05Acerinox, S.A. to Report Fiscal Year 2021 Results on Feb 28, 2022Acerinox, S.A. announced that they will report fiscal year 2021 results Pre-Market on Feb 28, 2022
Buying Opportunity • Jan 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.6%. The fair value is estimated to be €13.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% per annum over the last 3 years. The company has become profitable over the last year.
Reported Earnings • Nov 05Third quarter 2021 earnings released: EPS €0.63 (vs €0.10 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.70b (up 52% from 3Q 2020). Net income: €171.0m (up €143.0m from 3Q 2020). Profit margin: 10.0% (up from 2.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS €0.46 (vs €0.16 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.64b (up 40% from 2Q 2020). Net income: €124.6m (up €150.5m from 2Q 2020). Profit margin: 7.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €9.78, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.72 per share.
お知らせ • Jun 18An unknown buyer acquired 7.9% stake of Acerinox, S.A. (BME:ACX) from Nippon Steel Corporation (TSE:5401).An unknown buyer acquired 7.9% stake of Acerinox, S.A. (BME:ACX) from Nippon Steel Corporation (TSE:5401) on June 17, 2021. An unknown buyer completed the acquisition of 7.9% stake of Acerinox, S.A. (BME:ACX) from Nippon Steel Corporation (TSE:5401) on June 17, 2021.
Upcoming Dividend • May 25Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 01 June 2021. Payment date: 03 June 2021. Trailing yield: 4.3%. Within top quartile of Austrian dividend payers (3.2%). In line with average of industry peers (4.5%).
Reported Earnings • May 15First quarter 2021 earnings released: EPS €0.29 (vs €0.10 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.44b (up 24% from 1Q 2020). Net income: €78.0m (up 179% from 1Q 2020). Profit margin: 5.4% (up from 2.4% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 28Full year 2020 earnings released: EPS €0.18 (vs €0.22 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €4.71b (down 1.2% from FY 2019). Net income: €49.0m (up €108.6m from FY 2019). Profit margin: 1.0% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 28Revenue beats expectationsRevenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 13%, compared to a 23% growth forecast for the Metals and Mining industry in Austria.
Is New 90 Day High Low • Feb 20New 90-day high: €9.91The company is up 14% from its price of €8.72 on 20 November 2020. The Austrian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.14 per share.
Is New 90 Day High Low • Jan 04New 90-day high: €9.28The company is up 30% from its price of €7.12 on 06 October 2020. The Austrian market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.27 per share.
お知らせ • Dec 30+ 2 more updatesAcerinox, S.A. to Report Q3, 2021 Results on Nov 03, 2021Acerinox, S.A. announced that they will report Q3, 2021 results on Nov 03, 2021
お知らせ • Dec 25Acerinox, S.A. to Report Fiscal Year 2020 Results on Feb 26, 2021Acerinox, S.A. announced that they will report fiscal year 2020 results on Feb 26, 2021
Upcoming Dividend • Nov 24Upcoming Dividend of €0.32 Per ShareWill be paid on the 2nd of December to those who are registered shareholders by the 30th of November. The trailing yield of 5.7% is in the top quartile of Austrian dividend payers (4.3%), and it is higher than industry peers (5.2%).
Is New 90 Day High Low • Nov 11New 90-day high: €7.81The company is up 4.0% from its price of €7.48 on 13 August 2020. The Austrian market is also up 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.73 per share.
Analyst Estimate Surprise Post Earnings • Oct 29Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 4.6% at €1.12b. Revenue is forecast to grow 11% over the next year, compared to a 8.2% growth forecast for the Metals and Mining industry in Austria.
Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total losses of €141.5m, with earnings decreasing by €268.6m from the prior year. Total revenue was €4.55b over the last 12 months, down 5.5% from the prior year.
Is New 90 Day High Low • Sep 22New 90-day low: €6.69The company is down 6.0% from its price of €7.09 on 24 June 2020. The Austrian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.93 per share.
