ACX Stock Overview
Acerinox, S.A., through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and Europe.
Price History & Performance
|Historical stock prices|
|Current Share Price||€8.72|
|52 Week High||€12.91|
|52 Week Low||€9.10|
|1 Month Change||-28.48%|
|3 Month Change||-14.03%|
|1 Year Change||-16.34%|
|3 Year Change||6.16%|
|5 Year Change||-25.45%|
|Change since IPO||116.70%|
Recent News & Updates
Acerinox, S.A. (BME:ACX) Shares Could Be 24% Below Their Intrinsic Value Estimate
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Acerinox, S.A...
|ACX||ES Metals and Mining||ES Market|
Return vs Industry: ACX exceeded the Spanish Metals and Mining industry which returned -17.5% over the past year.
Return vs Market: ACX underperformed the Spanish Market which returned -9.4% over the past year.
|ACX Average Weekly Movement||5.6%|
|Metals and Mining Industry Average Movement||6.9%|
|Market Average Movement||3.8%|
|10% most volatile stocks in ES Market||6.9%|
|10% least volatile stocks in ES Market||1.1%|
Stable Share Price: ACX is more volatile than 75% of Spanish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ACX's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Spanish stocks.
About the Company
|1970||8,284||Bernardo Velazquez Herreros||https://www.acerinox.com|
Acerinox, S.A., through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and Europe. The company offers flat products, including coil cold rollings, hot rolled and black coils, teardrop steel or coils, and hot and cold rolled sheets, as well as roughing materials, discs, billets, and plates. It also provides long products, which include steel and color coated wires, corrugated wires, hexagonal wire rods, bars, hot and cold rebars, decorticated bars, black bars, steel profiles, and corrugated hot rolls.
Acerinox Fundamentals Summary
|ACX fundamental statistics|
Is ACX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ACX income statement (TTM)|
|Cost of Revenue||€4.35b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 28, 2022
|Earnings per share (EPS)||2.82|
|Net Profit Margin||10.06%|
How did ACX perform over the long term?See historical performance and comparison
5.7%Current Dividend Yield
Does ACX pay a reliable dividends?See ACX dividend history and benchmarks
|Acerinox dividend dates|
|Ex Dividend Date||Jul 01 2022|
|Dividend Pay Date||Jul 05 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||3 days|
Does ACX pay a reliable dividends?See ACX dividend history and benchmarks
Is ACX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ACX?
Other financial metrics that can be useful for relative valuation.
|What is ACX's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ACX's PE Ratio compare to its peers?
|ACX PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CMO Cementos Molins
000778 Xinxing Ductile Iron Pipes
601969 Hainan Mining
Price-To-Earnings vs Peers: ACX is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (13.5x).
Price to Earnings Ratio vs Industry
How does ACX's PE Ratio compare vs other companies in the European Metals and Mining Industry?
Price-To-Earnings vs Industry: ACX is good value based on its Price-To-Earnings Ratio (3.1x) compared to the European Metals and Mining industry average (5.2x)
Price to Earnings Ratio vs Fair Ratio
What is ACX'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.
|Current PE Ratio||3.1x|
|Fair PE Ratio||6.2x|
Price-To-Earnings vs Fair Ratio: ACX is good value based on its Price-To-Earnings Ratio (3.1x) compared to the estimated Fair Price-To-Earnings Ratio (6.2x).
Share Price vs Fair Value
What is the Fair Price of ACX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ACX (€8.72) is trading below our estimate of fair value (€12.93)
Significantly Below Fair Value: ACX is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: ACX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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How is Acerinox forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACX's earnings are forecast to decline over the next 3 years (-24.9% per year).
Earnings vs Market: ACX's earnings are forecast to decline over the next 3 years (-24.9% per year).
High Growth Earnings: ACX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ACX's revenue is expected to decline over the next 3 years (-11% per year).
High Growth Revenue: ACX's revenue is forecast to decline over the next 3 years (-11% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACX's Return on Equity is forecast to be low in 3 years time (11.7%).
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How has Acerinox performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACX has high quality earnings.
Growing Profit Margin: ACX's current net profit margins (10.1%) are higher than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: ACX's earnings have grown by 12.5% per year over the past 5 years.
Accelerating Growth: ACX's earnings growth over the past year (667.2%) exceeds its 5-year average (12.5% per year).
Earnings vs Industry: ACX earnings growth over the past year (667.2%) exceeded the Metals and Mining industry 96.2%.
Return on Equity
High ROE: ACX's Return on Equity (31.4%) is considered high.
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How is Acerinox's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ACX's short term assets (€4.7B) exceed its short term liabilities (€2.4B).
Long Term Liabilities: ACX's short term assets (€4.7B) exceed its long term liabilities (€1.9B).
Debt to Equity History and Analysis
Debt Level: ACX's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: ACX's debt to equity ratio has increased from 53.9% to 84.1% over the past 5 years.
Debt Coverage: ACX's debt is well covered by operating cash flow (21.2%).
Interest Coverage: ACX's interest payments on its debt are well covered by EBIT (27.1x coverage).
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What is Acerinox current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ACX's dividend (5.73%) is higher than the bottom 25% of dividend payers in the Spanish market (2.04%).
High Dividend: ACX's dividend (5.73%) is in the top 25% of dividend payers in the Spanish market (5.65%)
Stability and Growth of Payments
Stable Dividend: ACX's dividend payments have been volatile in the past 10 years.
Growing Dividend: ACX's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (17.8%), ACX's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (39.2%), ACX's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Bernardo Velazquez Herreros (58 yo)
Mr. Bernardo Velazquez Herreros has been the Chief Executive Officer of Acerinox, S.A. since July 2010. Mr. Herreros served as Managing Director of Acerinox, S.A. from 2007 to July 2010. Mr. Velázquez Her...
CEO Compensation Analysis
Compensation vs Market: Insufficient data to establish whether Bernardo's total compensation is reasonable compared to companies of similar size in the Spanish market.
Compensation vs Earnings: Insufficient data to compare Bernardo's compensation with company performance.
Experienced Board: ACX's board of directors are considered experienced (5.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Acerinox, S.A.'s employee growth, exchange listings and data sources
- Name: Acerinox, S.A.
- Ticker: ACX
- Exchange: BME
- Founded: 1970
- Industry: Steel
- Sector: Materials
- Implied Market Cap: €2.490b
- Shares outstanding: 269.64m
- Website: https://www.acerinox.com
Number of Employees
- Acerinox, S.A.
- C/ Santiago de Compostela
- nº 100
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/01 00:00|
|End of Day Share Price||2022/07/01 00:00|
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.