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NEXA

Nexa ResourcesNYSE:NEXA Stock Report

Market Cap

US$1.0b

7D

-6.8%

1Y

-4.6%

Updated

26 Nov, 2021

Data

Company Financials +
NEXA fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance3/6
Financial Health3/6
Dividends3/6

NEXA Stock Overview

Nexa Resources S.A., through its subsidiaries, engages in the zinc mining and smelting business.

Price History & Performance

Summary of all time highs, changes and price drops for Nexa Resources
Historical stock prices
Current Share PriceUS$7.82
52 Week HighUS$12.86
52 Week LowUS$6.50
Beta1.7
1 Month Change-15.73%
3 Month Change-3.81%
1 Year Change-4.63%
3 Year Change-37.44%
5 Year Changen/a
Change since IPO-56.68%

Recent News & Updates

Nov 11
Investors Will Want Nexa Resources' (NYSE:NEXA) Growth In ROCE To Persist

Investors Will Want Nexa Resources' (NYSE:NEXA) Growth In ROCE To Persist

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

NEXAUS Metals and MiningUS Market
7D-6.8%-2.0%-2.7%
1Y-4.6%26.3%21.3%

Return vs Industry: NEXA underperformed the US Metals and Mining industry which returned 26.3% over the past year.

Return vs Market: NEXA underperformed the US Market which returned 21.3% over the past year.

Price Volatility

Is NEXA's price volatile compared to industry and market?
NEXA volatility
NEXA Average Weekly Movement12.2%
Metals and Mining Industry Average Movement8.8%
Market Average Movement5.9%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.2%

Stable Share Price: NEXA is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: NEXA's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19565,760Titus Martinshttps://www.nexaresources.com

Nexa Resources S.A., through its subsidiaries, engages in the zinc mining and smelting business. It also produces zinc, silver, gold, copper, cement, sulfuric acid, lead, agricultural lime, and copper sulfate deposits. The company owns and operates five underground polymetallic mines, including three located in the Central Andes of Peru; and two located in the state of Minas Gerais in Brazil.

Nexa Resources Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
NEXA income statement (TTM)
RevenueUS$2.58b
Cost of RevenueUS$1.85b
Gross ProfitUS$729.27m
ExpensesUS$565.93m
EarningsUS$163.34m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.23
Gross Margin28.28%
Net Profit Margin6.33%
Debt/Equity Ratio102.1%

How did NEXA perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

21%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NEXA ($7.82) is trading below our estimate of fair value ($55.72)

Significantly Below Fair Value: NEXA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NEXA is good value based on its PE Ratio (6.3x) compared to the US Metals and Mining industry average (9.4x).

PE vs Market: NEXA is good value based on its PE Ratio (6.3x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: NEXA is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: NEXA is good value based on its PB Ratio (0.7x) compared to the US Metals and Mining industry average (2.2x).


Future Growth

How is Nexa Resources forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

12.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEXA's forecast earnings growth (12.5% per year) is above the savings rate (2%).

Earnings vs Market: NEXA's earnings (12.5% per year) are forecast to grow slower than the US market (14.3% per year).

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

Revenue vs Market: NEXA's revenue (2.7% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: NEXA's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NEXA's Return on Equity is forecast to be low in 3 years time (9.2%).


Past Performance

How has Nexa Resources performed over the past 5 years?

-43.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NEXA has high quality earnings.

Growing Profit Margin: NEXA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NEXA has become profitable over the past 5 years, growing earnings by -43.7% per year.

Accelerating Growth: NEXA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NEXA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (102.1%).


Return on Equity

High ROE: NEXA's Return on Equity (11.9%) is considered low.


Financial Health

How is Nexa Resources's financial position?


Financial Position Analysis

Short Term Liabilities: NEXA's short term assets ($1.5B) exceed its short term liabilities ($886.4M).

Long Term Liabilities: NEXA's short term assets ($1.5B) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: NEXA's net debt to equity ratio (53.5%) is considered high.

Reducing Debt: NEXA's debt to equity ratio has increased from 33.3% to 102.1% over the past 5 years.

Debt Coverage: NEXA's debt is well covered by operating cash flow (31.7%).

Interest Coverage: NEXA's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Dividend

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

3.38%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NEXA's dividend (3.38%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: NEXA's dividend (3.38%) is low compared to the top 25% of dividend payers in the US market (3.58%).


Stability and Growth of Payments

Stable Dividend: NEXA has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NEXA has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.4%), NEXA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NEXA's dividends in 3 years are forecast to be well covered by earnings (33.5% payout ratio).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Titus Martins (59 yo)

9.83yrs

Tenure

US$2,340,266

Compensation

Mr. Tito Botelho Martins Jr, also known as Titus, has been Chief Executive Officer of Nexa Resources S.A. (formerly, VM Holding S.A.) since 2012 and served as its President until November 1, 2021 and Membe...


CEO Compensation Analysis

Compensation vs Market: Titus's total compensation ($USD2.34M) is about average for companies of similar size in the US market ($USD2.26M).

Compensation vs Earnings: Titus's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NEXA's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: NEXA's board of directors are considered experienced (3.9 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Nexa Resources S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Nexa Resources S.A.
  • Ticker: NEXA
  • Exchange: NYSE
  • Founded: 1956
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: US$1.036b
  • Shares outstanding: 132.44m
  • Website: https://www.nexaresources.com

Number of Employees


Location

  • Nexa Resources S.A.
  • 37A, Avenue J.F. Kennedy
  • Luxembourg City
  • 1855
  • Luxembourg

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 23:16
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.