Acerinox, S.A.

BRSE:ACE1 Stock Report

Market Cap: CHF 2.3b

Acerinox Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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.

Below Fair Value: ACE1 (CHF9.7) is trading below our estimate of fair value (CHF21.34)

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 Ratio16.2x
Earnings€145.13m
Market Cap€2.35b

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 Average24.8x
CLN Clariant
31.1x29.4%CHF 3.7b
SIGN SIG Group
26.3x11.1%CHF 6.8b
VETN Vetropack Holding
25.1x40.2%CHF 552.1m
ARCH Arch Resources
16.8x43.3%US$3.0b
ACE1 Acerinox
16.2x27.5%CHF 2.4b

Price-To-Earnings vs Peers: ACE1 is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (21.4x).

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 16.2xIndustry Avg. 12.9xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ACE1 is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the European Metals and Mining industry average (15.8x).

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 Ratio16.2x
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?

Analyst Forecast: Insufficient data to show price forecast.

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