ACE Stock Overview

Manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. More details

ACE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 41.7% below our estimate of its fair value

Earnings are forecast to grow 39.14% per year

Risk Analysis

Large one-off items impacting financial results

Profit margins (0.7%) are lower than last year (2.4%)

Dividend of 6.73% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Acerinox, S.A. Competitors

Eisen- und Hüttenwerke

DB:EIS

€211.2m

Aurubis

XTRA:NDA

€3.5b

K+S

XTRA:SDF

€1.9b

Wacker Chemie

XTRA:WCH

€3.3b

Price History & Performance

Summary of share price highs, lows and changes for Acerinox
Historical stock prices
Current Share Price	€4.34
52 Week High	€5.10
52 Week Low	€4.00
Beta	1.21
1 Month Change	0%
3 Month Change	-6.87%
1 Year Change	-14.06%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-2.25%

Recent updates

Shareholder Returns

	ACE	DE Metals and Mining	DE Market
7D	-10.7%	-5.1%	-2.6%
1Y	-14.1%	-22.3%	7.1%

Return vs Industry: ACE exceeded the German Metals and Mining industry which returned -23.3% over the past year.

Return vs Market: ACE underperformed the German Market which returned 8% over the past year.

Price Volatility

Is ACE's price volatile compared to industry and market?
ACE volatility
ACE Average Weekly Movement	4.5%
Metals and Mining Industry Average Movement	11.9%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.6%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: ACE has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: ACE's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1970	8,002	Bernardo Velazquez Herreros	www.acerinox.com

Acerinox, S.A., together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally. It operates through Stainless steel, and High-performance Alloys segments. The company offers flat products, including hot and cold rolled coils and sheets, strips, flat bars, and discs, as well as engraved coil and sheet, black coil, slabs, circles, billets, and plates.

Acerinox, S.A. Fundamentals Summary

How do Acerinox's earnings and revenue compare to its market cap?
ACE fundamental statistics
Market cap	€2.30b
Earnings (TTM)	€42.13m
Revenue (TTM)	€5.62b

54.5x

P/E Ratio

0.4x

P/S Ratio

Is ACE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ACE income statement (TTM)
Revenue	€5.62b
Cost of Revenue	€3.79b
Gross Profit	€1.84b
Other Expenses	€1.80b
Earnings	€42.13m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.17
Gross Margin	32.67%
Net Profit Margin	0.75%
Debt/Equity Ratio	92.5%

How did ACE perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

183%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 06:55
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Acerinox, S.A. is covered by 44 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.

Analyst	Institution
César Sánchez-Grande Bergon	Ahorro Corporación
Pierre-Yves Gauthier	AlphaValue
Bruno Bessa	Banco BPI, S.A.