XTRA:NDA

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Aurubis AG provides non-ferrous metals worldwide.


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Aurubis's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NDA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.6%

NDA

-4.8%

DE Metals and Mining

3.1%

DE Market


1 Year Return

68.4%

NDA

-10.3%

DE Metals and Mining

14.0%

DE Market

Return vs Industry: NDA exceeded the German Metals and Mining industry which returned -10.3% over the past year.

Return vs Market: NDA exceeded the German Market which returned 14% over the past year.


Shareholder returns

NDAIndustryMarket
7 Day2.6%-4.8%3.1%
30 Day5.1%-3.5%2.3%
90 Day24.1%33.0%18.4%
1 Year73.2%68.4%-9.6%-10.3%16.5%14.0%
3 Year-7.2%-14.5%-62.5%-63.6%7.4%-1.2%
5 Year22.1%6.3%-51.1%-53.7%23.8%7.2%

Price Volatility Vs. Market

How volatile is Aurubis's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Aurubis undervalued compared to its fair value and its price relative to the market?

9.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NDA (€60.64) is trading above our estimate of fair value (€19.55)

Significantly Below Fair Value: NDA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NDA is good value based on its PE Ratio (9.8x) compared to the XE Metals and Mining industry average (11.9x).

PE vs Market: NDA is good value based on its PE Ratio (9.8x) compared to the German market (21.9x).


Price to Earnings Growth Ratio

PEG Ratio: NDA is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: NDA is good value based on its PB Ratio (1x) compared to the DE Metals and Mining industry average (3.4x).


Next Steps

Future Growth

How is Aurubis forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NDA's forecast earnings growth (7.5% per year) is above the savings rate (0.2%).

Earnings vs Market: NDA's earnings (7.5% per year) are forecast to grow slower than the German market (25.2% per year).

High Growth Earnings: NDA's earnings are forecast to grow, but not significantly.

Revenue vs Market: NDA's revenue (4.3% per year) is forecast to grow slower than the German market (5.8% per year).

High Growth Revenue: NDA's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NDA's Return on Equity is forecast to be low in 3 years time (7%).


Next Steps

Past Performance

How has Aurubis performed over the past 5 years?

9.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NDA has high quality earnings.

Growing Profit Margin: NDA's current net profit margins (2.5%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: NDA's earnings have grown by 9.3% per year over the past 5 years.

Accelerating Growth: NDA's earnings growth over the past year (120.2%) exceeds its 5-year average (9.3% per year).

Earnings vs Industry: NDA earnings growth over the past year (120.2%) exceeded the Metals and Mining industry -7.8%.


Return on Equity

High ROE: NDA's Return on Equity (10%) is considered low.


Next Steps

Financial Health

How is Aurubis's financial position?


Financial Position Analysis

Short Term Liabilities: NDA's short term assets (€3.6B) exceed its short term liabilities (€1.5B).

Long Term Liabilities: NDA's short term assets (€3.6B) exceed its long term liabilities (€1.1B).


Debt to Equity History and Analysis

Debt Level: NDA's debt to equity ratio (18.5%) is considered satisfactory.

Reducing Debt: NDA's debt to equity ratio has reduced from 25.5% to 18.5% over the past 5 years.

Debt Coverage: NDA's debt is well covered by operating cash flow (132.2%).

Interest Coverage: NDA's interest payments on its debt are well covered by EBIT (26.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Aurubis's current dividend yield, its reliability and sustainability?

2.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NDA's dividend (2.06%) is higher than the bottom 25% of dividend payers in the German market (1.23%).

High Dividend: NDA's dividend (2.06%) is low compared to the top 25% of dividend payers in the German market (3.78%).


Stability and Growth of Payments

Stable Dividend: NDA's dividends per share have been stable in the past 10 years.

Growing Dividend: NDA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.2%), NDA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NDA's dividends in 3 years are forecast to be well covered by earnings (30.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Roland Harings (57 yo)

1.08yrs

Tenure

€1,135,333

Compensation

Mr. Roland Harings serves as Chairman of the Executive Board at Aurubis AG since July 01, 2019. Mr. Harings served as Vice Chairman of the Executive Board at Aurubis AG since May 20, 2019 until June 30, 20 ...


CEO Compensation Analysis

Compensation vs Market: Roland's total compensation ($USD1.34M) is below average for companies of similar size in the German market ($USD2.54M).

Compensation vs Earnings: Insufficient data to compare Roland's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Roland Harings
Chairman of the Executive Board1.08yrs€1.14mno data
Rainer Verhoeven
CFO & Member of the Executive Board2.58yrs€1.21mno data
Thomas Bünger
COO & Member of Executive Board1.83yrs€1.03mno data
Jo Rogiers
Senior Vice President of Technologyno datano datano data
Angela Seidler
Vice President of Investor Relations & Corporate Communicationsno datano datano data
Bjoern Frenzel
Head of Corporate Legal Affairsno datano datano data
William Scotting
Senior Vice President of Corporate Developmentno datano datano data
Ulf Gehrckens
Senior Vice President of Corporate Energy & Climate Affairsno datano datano data
Andreas Specht
Head of Primary Copper Production Hamburgno datano datano data
Mehdi Al-Radhi
Senior Vice President of Transformation & Business Improvementno datano datano data
Mario Lobbus
Head of Researchno datano datano data
Michaela Hessling
Executive Director of Corporate Communicationsno datano datano data

1.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: NDA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Karl Jakob
Independent Supervisory Board Member2.42yrs€109.54kno data
Fritz Vahrenholt
Independent Chairman of the Supervisory Board2.42yrs€285.00kno data
Heinz Fuhrmann
Supervisory Board Member11.58yrs€114.00kno data
Stephan Krümmer
Independent Supervisory Board Member2.42yrs€128.78kno data
Jan Koltze
Employee Representative Supervisory Board Member9.42yrs€106.56kno data
Sandra Reich
Independent Supervisory Board Member7.5yrs€102.00kno data
Andrea Bauer
Independent Supervisory Board Member2.17yrs€94.06kno data
Elke Lossin
Employee Representative Supervisory Board Member2.42yrs€102.00kno data
Stefan Schmidt
Employee Representative Deputy Chairman of the Supervisory Board1.17yrs€129.37kno data
Melf Singer
Employee Representative Supervisory Board Member2.42yrs€93.80kno data
Christian Ehrentraut
Employee Representative Supervisory Board Member1.25yrs€40.59kno data
Deniz Acar
Employee Representative Supervisory Board Member1.25yrs€38.59kno data

2.4yrs

Average Tenure

55yo

Average Age

Experienced Board: NDA's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aurubis AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aurubis AG
  • Ticker: NDA
  • Exchange: XTRA
  • Founded: 1866
  • Industry: Copper
  • Sector: Materials
  • Market Cap: €2.681b
  • Shares outstanding: 44.22m
  • Website: https://www.aurubis.com

Number of Employees


Location

  • Aurubis AG
  • Hovestrasse 50
  • Hamburg
  • Hamburg
  • 20539
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NDADB (Deutsche Boerse AG)YesBearer SharesDEEURJul 1998
NDAXTRA (XETRA Trading Platform)YesBearer SharesDEEURJul 1998
0K7FLSE (London Stock Exchange)YesBearer SharesGBEURJul 1998
AIAG.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJul 1998
NDADBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJul 1998
OXNDASWX (SIX Swiss Exchange)YesBearer SharesCHCHFJul 1998
NDAWBAG (Wiener Boerse AG)YesBearer SharesATEURJul 1998
AIAG.YOTCPK (Pink Sheets LLC)ADRUSUSDApr 2009

Biography

Aurubis AG provides non-ferrous metals worldwide. It processes complex metal concentrates, scrap metals, and metal-bearing recycling materials to produce metals. The company produces continuous cast, direc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 11:02
End of Day Share Price2020/08/13 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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 here.