Acerinox, S.A.

BRSE:ACE1 Stock Report

Market Cap: CHF 2.5b

Acerinox Valuation

Is ACE1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ACE1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CHF 14.50
Fair Value
30.1% undervalued intrinsic discount
15
Number of Analysts

Below Fair Value: ACE1 (CHF10.14) is trading below our estimate of fair value (CHF14.5)

Significantly Below Fair Value: ACE1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ACE1?

Key metric: As ACE1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ACE1. This is calculated by dividing ACE1's market cap by their current earnings.
What is ACE1's PE Ratio?
PE Ratio64.4x
Earnings€42.13m
Market Cap€2.71b

Price to Earnings Ratio vs Peers

How does ACE1's PE Ratio compare to its peers?

The above table shows the PE ratio for ACE1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.5x
CLN Clariant
30.7x32.8%CHF 3.6b
2027 Ta Chen Stainless Pipe
34.5x46.6%NT$94.8b
000709 HBIS
26.2x37.2%CN¥22.2b
SIGN SIG Group
30.4x11.3%CHF 7.9b
ACE1 Acerinox
64.4x39.2%CHF 2.7b

Price-To-Earnings vs Peers: ACE1 is expensive based on its Price-To-Earnings Ratio (64.4x) compared to the peer average (30.5x).

Price to Earnings Ratio vs Industry

How does ACE1's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ACE1 64.4xIndustry Avg. 12.3xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ACE1 is expensive based on its Price-To-Earnings Ratio (64.4x) compared to the European Metals and Mining industry average (12.3x).

Price to Earnings Ratio vs Fair Ratio

What is ACE1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ACE1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio64.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ACE1's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ACE1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CHF 12.30
0%
13.9%CHF 14.63CHF 9.06n/a15
Feb ’26n/a
CHF 12.24
0%
13.9%CHF 14.56CHF 9.02n/a15
Jan ’26n/a
CHF 12.26
0%
13.4%CHF 14.43CHF 8.94n/a14
Dec ’25n/a
CHF 12.07
0%
17.4%CHF 14.43CHF 6.43n/a14
Nov ’25n/a
CHF 12.27
0%
17.1%CHF 14.56CHF 6.48n/a14
Oct ’25n/a
CHF 12.68
0%
16.8%CHF 14.89CHF 7.54n/a15
Sep ’25n/a
CHF 13.14
0%
17.9%CHF 17.03CHF 7.67n/a15
Aug ’25n/a
CHF 13.14
0%
17.9%CHF 17.03CHF 7.67n/a15
Jul ’25n/a
CHF 13.26
0%
17.8%CHF 17.08CHF 7.89n/a15
Jun ’25n/a
CHF 13.48
0%
17.7%CHF 17.37CHF 8.02n/a15
May ’25n/a
CHF 13.36
0%
17.7%CHF 17.33CHF 8.00n/a15
Apr ’25n/a
CHF 13.52
0%
15.5%CHF 17.39CHF 9.48n/a15
Mar ’25n/a
CHF 13.20
0%
15.2%CHF 16.99CHF 9.27n/a16
Feb ’25n/a
CHF 12.99
0%
15.4%CHF 16.76CHF 9.14n/a16
Jan ’25n/a
CHF 12.74
0%
14.0%CHF 15.12CHF 8.98n/a16
Dec ’24n/a
CHF 12.94
0%
14.7%CHF 15.44CHF 9.17n/a16
Nov ’24n/a
CHF 12.46
0%
15.1%CHF 15.15CHF 9.05n/a16
Oct ’24n/a
CHF 12.84
0%
13.4%CHF 15.33CHF 9.20n/a16
Sep ’24n/a
CHF 12.78
0%
12.9%CHF 15.26CHF 9.16n/a16
Aug ’24n/a
CHF 12.78
0%
12.9%CHF 15.26CHF 9.16n/a16
Jul ’24n/a
CHF 12.87
0%
15.2%CHF 16.62CHF 9.39n/a16
Jun ’24n/a
CHF 12.77
0%
17.1%CHF 16.51CHF 8.16n/a16
May ’24n/a
CHF 12.60
0%
17.7%CHF 16.74CHF 8.27n/a16
Apr ’24n/a
CHF 12.74
0%
16.2%CHF 15.94CHF 8.37n/a16
Mar ’24n/a
CHF 12.78
0%
16.3%CHF 16.03CHF 8.42n/a16
Feb ’24n/a
CHF 12.50
0%
17.5%CHF 16.02CHF 8.41n/a16
Analyst Price Target
Consensus Narrative from 15 Analysts
CHF 12.13
Fair Value
16.4% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/22 02:55
End of Day Share Price 2025/02/14 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 45 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.