company background image
ACX

Acerinox BME:ACX Stock Report

Last Price

€10.22

Market Cap

€2.5b

7D

-0.2%

1Y

9.0%

Updated

04 Dec, 2023

Data

Company Financials +

Acerinox, S.A.

BME:ACX Stock Report

Mkt Cap: €2.5b

ACX Stock Overview

Acerinox, S.A., together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the Americas, Africa, Asia, Rest of Europe, and internationally.

About the company

ACX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance1/6
Financial Health5/6
Dividends3/6

Rewards

Trading at 10.2% below our estimate of its fair value
Earnings are forecast to grow 14.05% per year
Analysts in good agreement that stock price will rise by 31.2%

Risk Analysis

Large one-off items impacting financial results
Dividend of 5.87% is not well covered by earnings
Profit margins (2.4%) are lower than last year (10.5%)

Acerinox, S.A. Competitors

Tubacex

BME:TUB

€413.7m

Tubos Reunidos

BME:TRG

€113.2m

Vidrala

BME:VID

€2.7b

Cementos Molins

BDM:CMO

€1.2b

Price History & Performance

Summary of all time highs, changes and price drops for Acerinox
Historical stock prices
Current Share Price€10.22
52 Week High€10.45
52 Week Low€8.67
Beta1.26
1 Month Change5.78%
3 Month Change8.89%
1 Year Change8.98%
3 Year Change15.17%
5 Year Change22.75%
Change since IPO153.92%

Recent News & Updates

Calculating The Fair Value Of Acerinox, S.A. (BME:ACX)

Nov 10
Calculating The Fair Value Of Acerinox, S.A. (BME:ACX)

These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively

Sep 09
These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively

Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?

Jul 30
Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?

Recent updates

Calculating The Fair Value Of Acerinox, S.A. (BME:ACX)

Nov 10
Calculating The Fair Value Of Acerinox, S.A. (BME:ACX)

These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively

Sep 09
These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Extensively

Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?

Jul 30
Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?

These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well

Apr 18
These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well

Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?

Mar 31
Does This Valuation Of Acerinox, S.A. (BME:ACX) Imply Investors Are Overpaying?

Are Acerinox, S.A. (BME:ACX) Investors Paying Above The Intrinsic Value?

Dec 17
Are Acerinox, S.A. (BME:ACX) Investors Paying Above The Intrinsic Value?

We Think Acerinox (BME:ACX) Can Stay On Top Of Its Debt

Nov 22
We Think Acerinox (BME:ACX) Can Stay On Top Of Its Debt

An Intrinsic Calculation For Acerinox, S.A. (BME:ACX) Suggests It's 33% Undervalued

Sep 07
An Intrinsic Calculation For Acerinox, S.A. (BME:ACX) Suggests It's 33% Undervalued

Is Acerinox (BME:ACX) Using Too Much Debt?

Jul 30
Is Acerinox (BME:ACX) Using Too Much Debt?

Acerinox, S.A. (BME:ACX) Shares Could Be 24% Below Their Intrinsic Value Estimate

May 27
Acerinox, S.A. (BME:ACX) Shares Could Be 24% Below Their Intrinsic Value Estimate

These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well

Apr 15
These 4 Measures Indicate That Acerinox (BME:ACX) Is Using Debt Reasonably Well

A Look At The Fair Value Of Acerinox, S.A. (BME:ACX)

Feb 09
A Look At The Fair Value Of Acerinox, S.A. (BME:ACX)

Is Acerinox (BME:ACX) Using Too Much Debt?

Dec 28
Is Acerinox (BME:ACX) Using Too Much Debt?

Acerinox, S.A. (BME:ACX) Shares Could Be 34% Below Their Intrinsic Value Estimate

Oct 25
Acerinox, S.A. (BME:ACX) Shares Could Be 34% Below Their Intrinsic Value Estimate

Are Investors Undervaluing Acerinox, S.A. (BME:ACX) By 20%?

Jul 25
Are Investors Undervaluing Acerinox, S.A. (BME:ACX) By 20%?

Acerinox (BME:ACX) Seems To Use Debt Quite Sensibly

Jun 14
Acerinox (BME:ACX) Seems To Use Debt Quite Sensibly

Should You Or Shouldn't You: A Dividend Analysis on Acerinox, S.A. (BME:ACX)

Apr 11
Should You Or Shouldn't You: A Dividend Analysis on Acerinox, S.A. (BME:ACX)

Acerinox's (BME:ACX) Solid Earnings Have Been Accounted For Conservatively

Mar 06
Acerinox's (BME:ACX) Solid Earnings Have Been Accounted For Conservatively

Does Acerinox (BME:ACX) Have A Healthy Balance Sheet?

Feb 20
Does Acerinox (BME:ACX) Have A Healthy Balance Sheet?

What Type Of Shareholders Make Up Acerinox, S.A.'s (BME:ACX) Share Registry?

Jan 27
What Type Of Shareholders Make Up Acerinox, S.A.'s (BME:ACX) Share Registry?

Acerinox's (BME:ACX) Stock Price Has Reduced 22% In The Past Three Years

Jan 07
Acerinox's (BME:ACX) Stock Price Has Reduced 22% In The Past Three Years

Should You Buy Acerinox, S.A. (BME:ACX) For Its Dividend?

Dec 16
Should You Buy Acerinox, S.A. (BME:ACX) For Its Dividend?

Don't Race Out To Buy Acerinox, S.A. (BME:ACX) Just Because It's Going Ex-Dividend

Nov 25
Don't Race Out To Buy Acerinox, S.A. (BME:ACX) Just Because It's Going Ex-Dividend

We Think Acerinox (BME:ACX) Is Taking Some Risk With Its Debt

Nov 18
We Think Acerinox (BME:ACX) Is Taking Some Risk With Its Debt

Shareholder Returns

ACXES Metals and MiningES Market
7D-0.2%2.2%1.9%
1Y9.0%-17.7%18.4%

Return vs Industry: ACX exceeded the Spanish Metals and Mining industry which returned -17.7% over the past year.

Return vs Market: ACX underperformed the Spanish Market which returned 18.4% over the past year.

Price Volatility

Is ACX's price volatile compared to industry and market?
ACX volatility
ACX Average Weekly Movement2.4%
Metals and Mining Industry Average Movement6.3%
Market Average Movement3.2%
10% most volatile stocks in ES Market6.0%
10% least volatile stocks in ES Market0.8%

Stable Share Price: ACX is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ACX's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19708,298Bernardo Velazquez Herreroshttps://www.acerinox.com

Acerinox, S.A., together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the Americas, 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, slabs, billets, and plates.

Acerinox, S.A. Fundamentals Summary

How do Acerinox's earnings and revenue compare to its market cap?
ACX fundamental statistics
Market Cap€2.55b
Earnings (TTM)€163.05m
Revenue (TTM)€6.80b

15.6x

P/E Ratio

0.4x

P/S Ratio

Is ACX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACX income statement (TTM)
Revenue€6.80b
Cost of Revenue€4.39b
Gross Profit€2.40b
Other Expenses€2.24b
Earnings€163.05m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.65
Gross Margin35.37%
Net Profit Margin2.40%
Debt/Equity Ratio80.7%

How did ACX perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

92%

Payout Ratio