Nexa Resources S.A.

NYSE:NEXA Stock Report

Market Cap: US$1.1b

Nexa Resources Valuation

Is NEXA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NEXA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NEXA ($7.88) is trading below our estimate of fair value ($18.55)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NEXA?

Key metric: As NEXA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NEXA. This is calculated by dividing NEXA's market cap by their current revenue.
What is NEXA's PS Ratio?
PS Ratio0.4x
SalesUS$2.66b
Market CapUS$1.08b

Price to Sales Ratio vs Peers

How does NEXA's PS Ratio compare to its peers?

The above table shows the PS ratio for NEXA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average17.3x
GSM Ferroglobe
0.4x5.3%US$710.2m
CMP Compass Minerals International
0.4x3.0%US$469.2m
MTRN Materion
1.2x6.4%US$2.1b
EUBG Entrepreneur Universe Bright Group
67xn/aUS$370.5m
NEXA Nexa Resources
0.4x0.3%US$1.1b

Price-To-Sales vs Peers: NEXA is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (17.3x).

Price to Sales Ratio vs Industry

How does NEXA's PS Ratio compare vs other companies in the US Metals and Mining Industry?

26 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.2x5.2%
NEXA Nexa Resources
 0.4x0.3%US$1.08b
TX Ternium
0.3x2.7%US$5.70b
CLF Cleveland-Cliffs
0.2x4.8%US$4.61b
NEXA 0.4xIndustry Avg. 1.2xNo. of Companies26PS01.63.24.86.48+
26 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.2x19.4%
NEXA Nexa Resources
 0.4x79.0%US$1.08b
No more companies

Price-To-Sales vs Industry: NEXA is good value based on its Price-To-Sales Ratio (0.4x) compared to the US Metals and Mining industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is NEXA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NEXA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: NEXA is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NEXA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.88
US$7.86
-0.2%
14.6%US$10.00US$5.75n/a7
Dec ’25US$7.62
US$7.82
+2.6%
14.8%US$10.00US$5.75n/a7
Nov ’25US$7.91
US$7.82
-1.1%
14.8%US$10.00US$5.75n/a7
Oct ’25US$7.53
US$7.86
+4.3%
13.9%US$10.00US$6.00n/a7
Sep ’25US$6.00
US$7.86
+31.0%
13.9%US$10.00US$6.00n/a7
Aug ’25US$7.26
US$8.19
+12.8%
11.8%US$10.00US$7.00n/a8
Jul ’25US$7.68
US$8.06
+5.0%
14.4%US$10.00US$7.00n/a8
Jun ’25US$7.85
US$7.63
-2.9%
12.2%US$10.00US$7.00n/a8
May ’25US$7.39
US$7.25
-1.9%
7.7%US$8.00US$6.00n/a8
Apr ’25US$7.10
US$6.73
-5.3%
17.1%US$8.00US$4.50n/a8
Mar ’25US$6.98
US$6.41
-8.1%
18.4%US$8.00US$4.50n/a8
Feb ’25US$7.17
US$6.36
-11.3%
20.6%US$8.25US$4.50n/a9
Jan ’25US$7.14
US$6.33
-11.4%
20.9%US$8.25US$4.50n/a10
Dec ’24US$5.88
US$6.28
+6.7%
20.8%US$8.25US$4.50US$7.6210
Nov ’24US$5.73
US$6.23
+8.6%
21.9%US$8.25US$4.50US$7.9110
Oct ’24US$6.05
US$6.38
+5.4%
20.7%US$8.25US$4.50US$7.5310
Sep ’24US$6.39
US$6.15
-3.8%
23.4%US$8.25US$4.20US$6.0010
Aug ’24US$4.94
US$6.15
+24.4%
23.9%US$8.25US$4.20US$7.2610
Jul ’24US$4.86
US$6.30
+29.6%
21.3%US$8.25US$4.50US$7.6810
Jun ’24US$4.96
US$7.31
+47.4%
15.4%US$9.00US$5.25US$7.8510
May ’24US$5.75
US$7.34
+27.6%
14.7%US$9.00US$5.50US$7.3910
Apr ’24US$6.28
US$8.19
+30.3%
26.8%US$12.00US$5.00US$7.1010
Mar ’24US$6.16
US$7.76
+25.9%
23.0%US$12.00US$4.80US$6.9810
Feb ’24US$7.08
US$7.70
+8.8%
27.8%US$12.00US$4.80US$7.179
Jan ’24US$6.03
US$7.31
+21.2%
30.7%US$12.00US$4.80US$7.149
Dec ’23US$5.39
US$7.21
+33.8%
29.2%US$12.00US$4.80US$5.889

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 22:52
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Nexa Resources S.A. is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David GaglianoBMO Capital Markets Equity Research
Lawson WinderBofA Global Research
Rafael BarcellosBradesco S.A. Corretora de Títulos e Valores Mobiliários