Acerinox, S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Jul 27
Spanish (IBEX) Metals and Mining Industry Analysis
UpdatedJul 27, 2024
DataAggregated Company Financials
Companies4
- 7D2.7%
- 3M-4.5%
- 1Y1.6%
- YTD-9.6%
Over the last 7 days, the Metals and Mining industry has dropped 3.7%, driven by Acerinox declining 5.6%. Overall the industry is down 4.7% in 12 months. Looking forward, earnings are forecast to grow by 27% annually.
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, 27 Jul 2024 | €2.8b | €7.2b | €175.4m | 12.7x | 16x | 0.4x |
| Mon, 24 Jun 2024 | €2.8b | €7.7b | €255.6m | 14x | 11.1x | 0.4x |
| Wed, 22 May 2024 | €3.0b | €7.7b | €263.5m | 11.5x | 11.3x | 0.4x |
| Fri, 19 Apr 2024 | €2.9b | €8.0b | €322.2m | 10.8x | 9x | 0.4x |
| Sun, 17 Mar 2024 | €2.8b | €8.0b | €322.2m | 10.5x | 8.8x | 0.4x |
| Tue, 13 Feb 2024 | €3.1b | €8.2b | €251.8m | 12.9x | 12.1x | 0.4x |
| Thu, 11 Jan 2024 | €3.0b | €8.2b | €251.8m | 13.5x | 11.7x | 0.4x |
| Sat, 09 Dec 2023 | €3.0b | €8.1b | €254.5m | 13.2x | 11.7x | 0.4x |
| Mon, 06 Nov 2023 | €2.8b | €8.7b | €316.3m | 10.7x | 8.7x | 0.3x |
| Wed, 04 Oct 2023 | €2.6b | €8.7b | €316.4m | 9.9x | 8.4x | 0.3x |
| Fri, 01 Sep 2023 | €2.7b | €8.7b | €298.8m | 10.3x | 9x | 0.3x |
| Sun, 30 Jul 2023 | €2.8b | €8.7b | €298.8m | 10.5x | 9.2x | 0.3x |
| Tue, 27 Jun 2023 | €2.9b | €9.4b | €495.8m | 5.8x | 5.8x | 0.3x |
| Thu, 25 May 2023 | €2.8b | €9.4b | €495.8m | 5.7x | 5.6x | 0.3x |
| Sat, 22 Apr 2023 | €2.7b | €9.9b | €619.2m | 4.2x | 4.4x | 0.3x |
| Mon, 20 Mar 2023 | €2.6b | €9.9b | €619.2m | 4x | 4.1x | 0.3x |
| Wed, 15 Feb 2023 | €2.8b | €9.9b | €982.8m | 2.7x | 2.9x | 0.3x |
| Fri, 13 Jan 2023 | €2.9b | €9.9b | €982.8m | 2.7x | 2.9x | 0.3x |
| Sun, 11 Dec 2022 | €2.7b | €9.9b | €982.8m | 2.6x | 2.8x | 0.3x |
| Tue, 08 Nov 2022 | €2.7b | €9.9b | €982.8m | 2.6x | 2.8x | 0.3x |
| Thu, 06 Oct 2022 | €2.5b | €9.4b | €1.0b | 1.2x | 2.4x | 0.3x |
| Sat, 03 Sep 2022 | €2.6b | €9.4b | €998.6m | 1.3x | 2.7x | 0.3x |
| Mon, 01 Aug 2022 | €2.7b | €9.4b | €998.6m | 1.3x | 2.8x | 0.3x |
| Wed, 29 Jun 2022 | €3.0b | €8.3b | €766.4m | 1.8x | 3.9x | 0.4x |
| Fri, 27 May 2022 | €3.3b | €8.3b | €766.4m | 2.1x | 4.3x | 0.4x |
| Sun, 24 Apr 2022 | €2.9b | €7.4b | €578.3m | 2.4x | 5.1x | 0.4x |
| Tue, 22 Mar 2022 | €3.1b | €7.4b | €578.3m | 2.5x | 5.3x | 0.4x |
| Thu, 17 Feb 2022 | €3.4b | €6.7b | €388.7m | 4.1x | 8.8x | 0.5x |
| Sat, 15 Jan 2022 | €3.7b | €6.7b | €388.7m | 4.4x | 9.4x | 0.6x |
| Mon, 13 Dec 2021 | €3.0b | €6.7b | €388.7m | 3.6x | 7.8x | 0.5x |
| Wed, 10 Nov 2021 | €3.3b | €6.7b | €393.1m | 4x | 8.4x | 0.5x |
| Fri, 08 Oct 2021 | €3.3b | €6.1b | €251.5m | 6.2x | 13.1x | 0.5x |
| Sun, 05 Sep 2021 | €3.3b | €6.1b | €248.4m | 6.3x | 13.4x | 0.5x |
| Tue, 03 Aug 2021 | €3.3b | €6.1b | €248.4m | 6.1x | 13.1x | 0.5x |
Price to Earnings Ratio
13.1x
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 10.8x which is higher than its 3-year average PE of 7.4x.
- The industry is trading close to its 3-year average PS ratio of 0.37x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 7.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Spanish Materials industry?
| ES Market | 0.66% | |
| Materials | 1.62% | |
| Metals and Mining | 2.67% | |
| Steel | 2.71% | |
| Copper | 0% | |
| Aluminum | 0% | |
| Gold | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Diversified Metals and Mining | -2.95% | |
Industry PE
- Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 8.7x.
- Analysts are expecting annual earnings growth of 27.0%, which is higher than its past year's earnings decline of 30.0% per year.
- Investors are most pessimistic about the Diversified Metals and Mining industry, which is trading below its 3-year average of 0.94x.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Steel industry is expected to see its earnings grow by 27% 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 | €9.71 | 2.8% +€66.0m | 2.1% | PE37.3x | |
| TUB Tubacex | €2.99 | 2.0% +€7.2m | 3.1% | PE12.7x |