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    ACX   ES0132105018

ACERINOX S.A.

(ACX)
  Report
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Acerinox S.A. : The underlying trend is to the upside

07/29/2021 | 05:59am EDT
long trade
Live
Entry price : 11.425€ | Target : 14€ | Stop-loss : 10€ | Potential : 22.54%
The underlying tendency is to the upside for shares in Acerinox S.A. and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Investors have an opportunity to buy the stock and target the € 14.
Acerinox S.A. : Acerinox S.A. : The underlying trend is to the upside
Summary
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • Overall, and from a short-term perspective, the company presents an interesting fundamental situation.
  • Acerinox S.A. accounts for 4.28 % of our European Portfolio. A trade is currently open since 02/17/2021 with a purchase price of € 9.71. Discover the other 19 stocks of the European portfolio managed by the MarketScreener portfolio management team.

Strengths
  • The company's profit outlook over the next few years is a strong asset.
  • The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
  • The stock, which is currently worth 2021 to 0.59 times its sales, is clearly overvalued in comparison with peers.
  • Given the positive cash flows generated by its business, the company's valuation level is an asset.
  • The company is one of the best yield companies with high dividend expectations.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • For several months, analysts have been revising their EPS estimates roughly upwards.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
  • The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.

Weaknesses
  • As a percentage of sales and without taking into account depreciation and amortization, the company has relatively low margins.
  • The overall consensus opinion of analysts has deteriorated sharply over the past four months.
  • The price targets of various analysts who make up the consensus differ significantly. This reflects different assessments and/or a difficulty in valuing the company.
  • The company's earnings releases usually do not meet expectations.
Ratings chart
Subsector Iron, Steel Mills & Foundries
1st jan.Capitalization (M$)Investor Rating
ACERINOX S.A.28.74%3 692
BAOSHAN IRON & STEEL CO., L..75.63%35 309
INNER MONGOLIA BAOTOU STEEL..188.89%23 829
JSW STEEL LIMITED76.10%22 270
CHINA STEEL CORPORATION52.73%20 973
CITIC PACIFIC SPECIAL STEEL..10.46%18 789
EVRAZ PLC24.26%11 757
TERNIUM S.A.63.14%9 313
BLUESCOPE STEEL LIMITED31.58%8 259
EREGLI DEMIR VE ÇELIK FABRI..14.13%6 906
FUSHUN SPECIAL STEEL CO.,LT..40.00%6 362
More Results

ę MarketScreener.com 2021

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2021 6 320 M 7 403 M 7 403 M
Net income 2021 439 M 514 M 514 M
Net Debt 2021 547 M 641 M 641 M
P/E ratio 2021 7,11x
Yield 2021 4,57%
Capitalization 3 145 M 3 692 M 3 684 M
EV / Sales 2021 0,58x
EV / Sales 2022 0,54x
Nbr of Employees 8 384
Free-Float 66,1%
Upcoming event on ACERINOX S.A.
11/03/21
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 11,63 €
Average target price 15,17 €
Spread / Average Target 30,4%
EPS Revisions
Managers and Directors
Bernardo Velßzquez Herreros Chief Executive Officer & Executive Director
Miguel Ferrandis Torres Chief Financial Officer
Rafael Miranda Robredo Independent Chairman
Hans O. Helmrich Chief Operating Officer
George Donald Johnston Independent Director