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Acerinox, S.A. (ACX.MC)

EUR16.28 -0.20 (-1.21%)
ES BME Basic Materials Steel
Address C/ Santiago de Compostela 28035
Madrid, ES
CEO Bernardo Velazquez Herreros
IPO 2000-01-03
ISIN ES0132105018

Explore sections of this company profile

Also trades on Madrid Stock Exchange · ACX.MC (EUR) Other OTC · ANIOY (USD) Vienna Stock Exchange · ACX.VI (EUR)
Description

Acerinox, S.A. is a major participant in the stainless steel industry, utilizing its subsidiaries to produce, process, and globally distribute its products. Its operational footprint extends across Spain, the Americas, Africa, Asia, Oceania, and Europe. The company's diverse portfolio encompasses a variety of flat stainless steel products, such as cold-rolled coils, hot-rolled and black coils, teardrop steel, and both hot and cold-rolled sheets, in addition to roughing materials, industrial discs, billets, and plates. Acerinox also supplies a wide array of long stainless steel items, including steel and color-coated wires, corrugated wires, hexagonal wire rods, various types of bars (like hot and cold rebars, decorticated bars, and black bars), steel profiles, and corrugated hot rolls. The company was founded in 1970 and maintains its corporate headquarters in Madrid, Spain.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR16.28 -0.20 (-1.21%)
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Volume Profile
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Liquidity & share structure
Average Volume
880.3K
Beta
1.09
Float Shares
178.07M
Free Float %
71.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+4.88% +4.01% +11.40% +14.19% +28.30% +18.88% +39.09% +51.26% +28.30% +52.79% +51.87%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
16.28
DCF (Unlevered) 7.50 -53.9%
DCF (Levered) 12.70 -22.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 79% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 8 0
Hold 2 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.52
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Steel: +1.2%
    +6.8% Q1'26: -10.8% (vs Q1'25)
  • EPS growth Steel: +17.4%
    -117.8% Q1'26: -50.1% (vs Q1'25)
  • FCF margin FCF growth · Steel: +44.2%
    +3.9% Q1'26: +9.1% (vs Q1'25)
  • EBIT margin Steel: +5.8%
    +2.6% Q1'26: +0.0% (vs Q1'25)
  • ROIC Steel: +4.3%
    +2.7% Q1'26: +0.0% (vs Q1'25)
  • Share dilution Steel: +0.0%
    0.0% Q1'26: +0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Steel: 0.57×
    6.42×
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.07) × ERP
WACC = 63% × Ke + 37% × Kd (4.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 7.63 Current price: 16.28
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
8 EPS Ana.
Dec 2027
10 Rev. Ana.
10 EPS Ana.
Dec 2028
8 Rev. Ana.
8 EPS Ana.
Dec 2029
7 Rev. Ana.
6 EPS Ana.
Dec 2030
7 Rev. Ana.
6 EPS Ana.
Revenue
4.22B
est: 4.32B (-2.3%)
3.97B
est: 3.96B (+0.2%)
4.63B
est: 4.70B (-1.5%)
5.01B
est: 4.99B (+0.5%)
4.75B
est: 4.85B (-1.9%)
4.67B
est: 4.52B (+3.3%)
6.71B
est: 6.55B (+2.4%)
8.69B
est: 8.76B (-0.8%)
6.61B
est: 5.87B (+12.6%)
5.41B
est: 5.34B (+1.3%)
5.78B
est: 5.75B (+0.5%)
6.52B
6.27B – 6.74B
+13.3% YoY
7.11B
6.82B – 7.44B
+9.0% YoY
7.51B
7.50B – 7.52B
+5.7% YoY
8.16B
7.84B – 8.49B
+8.6% YoY
8.57B
8.23B – 8.91B
+5.0% YoY
EBITDA
291.76M
est: 490.51M (-40.5%)
341.04M
est: 449.52M (-24.1%)
510.56M
est: 533.19M (-4.2%)
513.98M
est: 566.03M (-9.2%)
232.72M
est: 550.20M (-57.7%)
401.07M
est: 512.95M (-21.8%)
994.38M
est: 743.34M (+33.8%)
1.09B
est: 994.35M (+9.9%)
627.52M
est: 635.05M (-1.2%)
609.63M
est: 578.26M (+5.4%)
343.35M
est: 622.49M (-44.8%)
705.23M
678.78M – 729.54M
+13.3% YoY
769.01M
737.52M – 804.52M
+9.0% YoY
812.99M
812.03M – 813.95M
+5.7% YoY
882.91M
848.21M – 918.80M
+8.6% YoY
926.84M
890.41M – 964.51M
+5.0% YoY
EBIT
128.07M
est: 367.22M (-65.1%)
171.25M
est: 336.53M (-49.1%)
341.22M
est: 399.17M (-14.5%)
348.18M
est: 423.76M (-17.8%)
61.62M
est: 411.90M (-85.0%)
222.29M
est: 384.02M (-42.1%)
811.01M
est: 556.50M (+45.7%)
894.07M
est: 744.41M (+20.1%)
456.39M
est: 472.86M (-3.5%)
449.72M
est: 430.58M (+4.4%)
147.88M
est: 463.51M (-68.1%)
525.11M
505.43M – 543.22M
+13.3% YoY
572.61M
549.16M – 599.05M
+9.0% YoY
605.35M
604.64M – 606.07M
+5.7% YoY
657.42M
631.58M – 684.14M
+8.6% YoY
690.13M
663.00M – 718.18M
+5.0% YoY
Net Income
42.89M
est: 57.04M (-24.8%)
80.32M
est: 71.33M (+12.6%)
234.14M
est: 189.63M (+23.5%)
237.09M
est: 214.72M (+10.4%)
-59.55M
est: 132.48M (-144.9%)
49.05M
est: 75.07M (-34.7%)
571.88M
est: 522.31M (+9.5%)
556.05M
est: 782.71M (-29.0%)
228.13M
est: 64.93M (+251.3%)
224.95M
est: 219.48M (+2.5%)
-40.07M
est: 40.77M (-198.3%)
248.28M
222.86M – 275.45M
+509.0% YoY
360.47M
270.12M – 432.79M
+45.2% YoY
413.79M
330.82M – 517.44M
+14.8% YoY
363.99M
345.39M – 383.22M
-12.0% YoY
383.94M
364.32M – 404.22M
+5.5% YoY
SGA
87.39M
est: 432.91M (-79.8%)
89.46M
est: 396.73M (-77.5%)
98.45M
est: 470.57M (-79.1%)
97.05M
est: 499.56M (-80.6%)
104.17M
est: 485.58M (-78.5%)
561.53M
est: 452.71M (+24.0%)
819.99M
est: 656.05M (+25.0%)
1.11B
est: 877.57M (+26.2%)
827.98M
est: 616.23M (+34.4%)
29.89M
est: 561.13M (-94.7%)
834.63M
est: 604.05M (+38.2%)
684.33M
658.67M – 707.92M
+13.3% YoY
746.22M
715.67M – 780.68M
+9.0% YoY
788.90M
787.96M – 789.83M
+5.7% YoY
856.75M
823.07M – 891.57M
+8.6% YoY
899.38M
864.03M – 935.93M
+5.0% YoY
EPS
0.16
est: 0.23 (-30.1%)
0.30
est: 0.29 (+4.9%)
0.85
est: 0.76 (+11.8%)
0.86
est: 0.86 (-0.1%)
-0.22
est: 0.53 (-141.4%)
0.18
est: 0.30 (-40.2%)
2.11
est: 2.09 (+0.7%)
2.16
est: 3.10 (-30.3%)
0.92
est: 0.26 (+252.3%)
0.90
est: 0.88 (+2.3%)
-0.16
est: 0.16 (-197.9%)
0.98
0.89 – 1.10
+496.8% YoY
1.42
1.08 – 1.74
+45.7% YoY
1.59
1.33 – 2.08
+11.8% YoY
1.46
1.39 – 1.54
-8.0% YoY
1.54
1.46 – 1.62
+5.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-20 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-19 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-18 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-15 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-14 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-13 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-12 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-11 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
631.27M
OE per share TTM
2.53
Owner's Yield
16.78%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
29.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 119 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck Steel ETF SLX 1.41% 2.23M 0.55%
2 Invesco STOXX Europe 600 Optimised Basic Resources UCITS ETF SC0W.DE 1.16% 409.4K 0.20%
3 iShares EURO STOXX Small UCITS ETF DJSC.L 1.07% 5.23M 0.40%
4 iShares STOXX Europe 600 Basic Resources UCITS ETF (DE) EXV6.DE 0.95% 5.03M 0.46%
5 iShares International Developed Small Cap Value Factor ETF ISVL 0.61% 1.93M 0.31%
6 iShares MSCI EMU Small Cap UCITS ETF CES1.L 0.55% 5.74M 0.58%
7 UBS MSCI EMU Small Cap UCITS ETF EUR dis UEFD.DE 0.53% 3.94M 0.33%
8 iShares STOXX Europe Small 200 UCITS ETF (DE) EXSE.DE 0.46% 3.14M 0.20%
9 WisdomTree Europe Equity UCITS ETF - USD Hedged Acc HEDK.L 0.43% 480.4K 0.58%
10 WisdomTree Europe Equity UCITS ETF - GBP Hedged HEDP.L 0.43% 642.5K 0.35%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
15.8K
Shares Outstanding
249.33M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bernardo Velazquez Herreros Chief Executive Officer & Executive Director 1M male
Carlos Castillo Legal Affairs Director male
Carlos Lora-Tamayo Investor Relations, Communication, Consolidation & Reporting Director male
Carlos Ruiz Director of Sustainability male
Clive A. Grannum Chief Executive Officer of North American Stainless male
Esther Camós Chief Financial Officer female
Fernando Gutierrez Chief Strategy Officer male
Johannes Christiaan Van Coller Chief Operating Officer of Columbus Stainless male
Jose Manuel Garcelan Compliance Director male
Marisa Dafauce Human Resources Director female
Marlin Clarence Losch Chief Operating Officer of Haynes International male
Miguel Ferrandis Torres Chief Corporate Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits