Are Investors Undervaluing Acerinox, S.A. (BME:ACX) By 44%?
Jun 02
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Spanish (IBEX) Metals and Mining Industry Analysis
UpdatedJun 07, 2025
DataAggregated Company Financials
Companies5
- 7D3.0%
- 3M-7.6%
- 1Y9.2%
- YTD12.5%
All of the companies in the Metals and Mining industry have been up over the last week, with the industry up 3.0%. This means that the industry has gained 9.2% over the past year. As for the next few years, earnings are expected to grow by 30% per annum.
Industry Valuation and Performance
Has the Spanish Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 07 Jun 2025 | €3.3b | €6.8b | €300.7m | 8.6x | 11x | 0.5x |
| Mon, 05 May 2025 | €3.1b | €6.7b | €377.6m | 6.9x | 8.3x | 0.5x |
| Wed, 02 Apr 2025 | €3.4b | €6.7b | €371.2m | 7.4x | 9.1x | 0.5x |
| Fri, 28 Feb 2025 | €3.4b | €7.2b | €185.8m | 11.8x | 18.2x | 0.5x |
| Sun, 26 Jan 2025 | €3.0b | €7.2b | €185.8m | 10.5x | 16x | 0.4x |
| Tue, 24 Dec 2024 | €2.8b | €7.3b | €183.2m | 9.9x | 15.4x | 0.4x |
| Thu, 21 Nov 2024 | €2.8b | €7.3b | €183.2m | 10x | 15x | 0.4x |
| Sat, 19 Oct 2024 | €2.8b | €7.6b | €206.0m | 10x | 13.5x | 0.4x |
| Mon, 16 Sep 2024 | €2.7b | €7.2b | €163.2m | 14.8x | 16.3x | 0.4x |
| Wed, 14 Aug 2024 | €2.6b | €7.2b | €169.8m | 15.2x | 15.4x | 0.4x |
| Fri, 12 Jul 2024 | €2.9b | €7.7b | €255.6m | 13.3x | 11.2x | 0.4x |
| Sun, 09 Jun 2024 | €2.9b | €7.7b | €255.6m | 14.1x | 11.3x | 0.4x |
| Tue, 07 May 2024 | €2.9b | €7.7b | €239.2m | 10.3x | 12.3x | 0.4x |
| Thu, 04 Apr 2024 | €3.0b | €8.0b | €322.2m | 11.2x | 9.3x | 0.4x |
| Sat, 02 Mar 2024 | €2.8b | €8.2b | €251.8m | 12.8x | 11.1x | 0.3x |
| Mon, 29 Jan 2024 | €2.9b | €8.2b | €251.8m | 13.4x | 11.5x | 0.4x |
| Wed, 27 Dec 2023 | €3.1b | €8.2b | €251.8m | 14x | 12.3x | 0.4x |
| Fri, 24 Nov 2023 | €2.9b | €8.1b | €254.5m | 12.2x | 11.5x | 0.4x |
| Sun, 22 Oct 2023 | €2.6b | €8.7b | €316.4m | 9.8x | 8.1x | 0.3x |
| Tue, 19 Sep 2023 | €2.6b | €8.7b | €298.8m | 10x | 8.8x | 0.3x |
| Thu, 17 Aug 2023 | €2.7b | €8.7b | €298.8m | 10.2x | 8.9x | 0.3x |
| Sat, 15 Jul 2023 | €2.9b | €9.4b | €495.8m | 5.9x | 5.9x | 0.3x |
| Mon, 12 Jun 2023 | €2.9b | €9.4b | €495.8m | 5.8x | 5.8x | 0.3x |
| Wed, 10 May 2023 | €2.8b | €9.9b | €625.8m | 4.4x | 4.5x | 0.3x |
| Fri, 07 Apr 2023 | €2.6b | €9.9b | €619.2m | 4x | 4.2x | 0.3x |
| Sun, 05 Mar 2023 | €2.9b | €9.9b | €619.2m | 4.6x | 4.7x | 0.3x |
| Tue, 31 Jan 2023 | €3.0b | €9.9b | €982.8m | 2.8x | 3x | 0.3x |
| Thu, 29 Dec 2022 | €2.7b | €9.9b | €982.8m | 2.6x | 2.7x | 0.3x |
| Sat, 26 Nov 2022 | €2.7b | €9.9b | €982.8m | 2.6x | 2.8x | 0.3x |
| Mon, 24 Oct 2022 | €2.5b | €9.4b | €1.0b | 1.2x | 2.5x | 0.3x |
| Wed, 21 Sep 2022 | €2.5b | €9.4b | €998.6m | 1.2x | 2.5x | 0.3x |
| Fri, 19 Aug 2022 | €2.8b | €9.4b | €998.6m | 1.4x | 2.8x | 0.3x |
| Sun, 17 Jul 2022 | €2.6b | €8.3b | €766.4m | 1.6x | 3.3x | 0.3x |
| Tue, 14 Jun 2022 | €3.2b | €8.3b | €766.4m | 2x | 4.2x | 0.4x |
Price to Earnings Ratio
4.2x
Current Industry PE
- Investors are optimistic on the Spanish Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.0x which is higher than its 3-year average PE of 8.8x.
- The industry is trading close to its 3-year average PS ratio of 0.35x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 27% per year over the last three years,
- Revenues have also declined 6.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Spanish Materials industry?
| ES Market | 0.79% | |
| Materials | 2.95% | |
| Metals and Mining | 3.03% | |
| Steel | 3.03% | |
| Diversified Metals and Mining | 2.85% | |
Industry PE
- Investors are most optimistic about the Steel industry, which is trading close to its 3-year average PE ratio of 12.4x.
- Analysts are expecting annual earnings growth of 29.8%, which is higher than its past year's earnings growth of 25.4% per year.
- Investors are most pessimistic about the Diversified Metals and Mining industry, which is trading below its 3-year average of 0.65x.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 30% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Steel industry is expected to see its earnings grow by 30% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ACX Acerinox | €10.72 | 3.0% +€77.3m | 8.5% | PE14.7x | |
| TUB Tubacex | €4.09 | 3.9% +€18.9m | 23.0% | PE17x | |
| ELZ Asturiana de Laminados | €0.11 | 3.6% +€510.3k | -9.5% | PS0.2x | |
| TRG Tubos Reunidos | €0.61 | 0.2% +€174.0k | -17.7% | PE2.4x |