Acerinox, S.A., through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and rest of Europe. More Details
Reasonable growth potential average dividend payer.
Share Price & News
How has Acerinox's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ACX has not had significant price volatility in the past 3 months.
7 Day Return
ES Metals and Mining
1 Year Return
ES Metals and Mining
Return vs Industry: ACX exceeded the Spanish Metals and Mining industry which returned -19.9% over the past year.
Return vs Market: ACX exceeded the Spanish Market which returned -23.3% over the past year.
Price Volatility Vs. Market
How volatile is Acerinox's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWhat You Need To Know About Acerinox, S.A.'s (BME:ACX) Investor Composition
1 month ago | Simply Wall StIs Acerinox (BME:ACX) A Risky Investment?
2 months ago | Simply Wall StA Look At The Intrinsic Value Of Acerinox, S.A. (BME:ACX)
Is Acerinox undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACX (€6.8) is trading below our estimate of fair value (€7.88)
Significantly Below Fair Value: ACX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ACX is unprofitable, so we can't compare its PE Ratio to the XE Metals and Mining industry average.
PE vs Market: ACX is unprofitable, so we can't compare its PE Ratio to the Spanish market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ACX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ACX is overvalued based on its PB Ratio (1x) compared to the ES Metals and Mining industry average (0.5x).
How is Acerinox forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.3%).
Earnings vs Market: ACX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ACX's is expected to become profitable in the next 3 years.
Revenue vs Market: ACX's revenue (8.5% per year) is forecast to grow faster than the Spanish market (6.1% per year).
High Growth Revenue: ACX's revenue (8.5% per year) is forecast to grow slower than 20% 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 (12.2%).
How has Acerinox performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACX is currently unprofitable.
Growing Profit Margin: ACX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ACX is unprofitable, and losses have increased over the past 5 years at a rate of 2.3% per year.
Accelerating Growth: Unable to compare ACX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ACX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-18.3%).
Return on Equity
High ROE: ACX has a negative Return on Equity (-7.27%), as it is currently unprofitable.
How is Acerinox's financial position?
Financial Position Analysis
Short Term Liabilities: ACX's short term assets (€3.0B) exceed its short term liabilities (€1.5B).
Long Term Liabilities: ACX's short term assets (€3.0B) exceed its long term liabilities (€1.9B).
Debt to Equity History and Analysis
Debt Level: ACX's debt to equity ratio (106.1%) is considered high.
Reducing Debt: ACX's debt to equity ratio has increased from 65.2% to 106.1% over the past 5 years.
Debt Coverage: ACX's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: ACX is unprofitable, therefore interest payments are not well covered by earnings.
What is Acerinox current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ACX's dividend (7.35%) is higher than the bottom 25% of dividend payers in the Spanish market (2.43%).
High Dividend: ACX's dividend (7.35%) is in the top 25% of dividend payers in the Spanish market (6.56%)
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.
Current Payout to Shareholders
Dividend Coverage: ACX is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: ACX's dividends in 3 years are forecast to be covered by earnings (60.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Bernardo Velázquez Herreros (56 yo)
Mr. Bernardo Velázquez 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 2010. Mr. Velázquez Herreros ...
CEO Compensation Analysis
Compensation vs Market: Bernardo's total compensation ($USD0.00) is below average for companies of similar size in the Spanish market ($USD1.05M).
Compensation vs Earnings: Bernardo's compensation has increased whilst the company is unprofitable.
|CEO & Executive Director||10.17yrs||€1.12m||0.010% |
|External Independent Chairman||6.42yrs||€158.00k||0.010% |
|External Proprietary Director||18.33yrs||€81.00k||0.0037% |
|External Independent Director||5.92yrs||€91.00k||no data|
|External Independent Director||12.33yrs||€77.00k||no data|
|External Independent Director||2.92yrs||€74.00k||no data|
|External Independent Director||1.92yrs||no data||no data|
|External Proprietary Director||3.75yrs||no data||no data|
|External Independent Director||3.67yrs||no data||no data|
|External Independent Director||3.67yrs||no data||no data|
|External Propriety Director||1.42yrs||no data||no data|
Experienced Board: ACX's board of directors are considered experienced (3.8 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 company bio, employee growth, exchange listings and data sources
- Name: Acerinox, S.A.
- Ticker: ACX
- Exchange: BME
- Founded: 1970
- Industry: Steel
- Sector: Materials
- Market Cap: €1.840b
- Shares outstanding: 270.45m
- Website: https://www.acerinox.com
Number of Employees
- Acerinox, S.A.
- Calle Santiago de Compostela, nº 100
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ACE1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 1987|
|ACX||BME (Bolsas y Mercados Espanoles)||Yes||Ordinary Shares||ES||EUR||Dec 1987|
|0OIQ||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Dec 1987|
|ACXE||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Dec 1987|
|ACX||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Dec 1987|
|ACX N||BMV (Bolsa Mexicana de Valores)||Yes||Ordinary Shares||MX||MXN||Dec 1987|
|ANIO.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Oct 2008|
Acerinox, S.A., through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and rest of Europe. The company’s Flat Stainless Stee ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/27 03:17|
|End of Day Share Price||2020/09/25 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.