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Acerinox SA (DE:ACE)
FRANKFURT:ACE

Acerinox SA (ACE) Price & Analysis

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ACE Stock Chart & Stats

€6.60
€0.00(0.00%)
At close: 4:00 PM EST
€6.60
€0.00(0.00%)

Bulls Say, Bears Say

Bulls Say
North America Capacity ExpansionA committed €249m North American cold‑rolled expansion increases locally produced higher‑value product supply by ~20%, reducing import exposure and improving regional mix. Structurally this should support pricing power and margins in a market where imports have materially declined.
Strong HPA/aerospace Order BookA record order book and lengthening lead times for Haynes (HPA/aerospace) provide durable revenue visibility and higher-margin exposure versus commodity stainless. This backlog reduces near-term cyclic exposure and supports margin recovery as aerospace and turbine demand normalizes.
Working‑capital Discipline And Positive OCFMulti‑year working‑capital reductions that released ~€400m and continuing positive operating cash flow demonstrate strong cash management. That cash discipline supports capex and dividends through cycles, enhances liquidity and cushions earnings volatility inherent in steel markets.
Bears Say
Cyclicality And Recent Swing To LossThe business remains highly cyclical: a swing to a 2025 net loss after sharp revenue decline highlights earnings volatility. Persistent cyclicality increases forecasting risk, can force pro‑cyclical cost cuts, and undermines consistent cash flow for strategic investments and returns.
Moderate Leverage And Rising Net DebtLeverage near parity with equity and Q1 net debt around €1.3bn reduce balance‑sheet flexibility for a cyclical steel producer. Combined with ongoing capex and dividends, this moderates resilience to prolonged demand weakness and increases refinancing and interest‑rate sensitivity.
European Margin Pressure From Nickel Pass‑through GapIncomplete alloy surcharge pass‑through in Europe amid elevated nickel costs structurally compresses local margins. With European base prices below long‑term averages and weak HPA demand there, margin recovery depends on either regulatory/pricing fixes or a sustained demand rebound.

Acerinox SA News

ACE FAQ

What was Acerinox SA’s price range in the past 12 months?
Acerinox SA lowest stock price was €4.76 and its highest was €8.45 in the past 12 months.
    What is Acerinox SA’s market cap?
    Acerinox SA’s market cap is €3.92B.
      When is Acerinox SA’s upcoming earnings report date?
      Acerinox SA’s upcoming earnings report date is Jul 24, 2026 which is in 15 days.
        How were Acerinox SA’s earnings last quarter?
        Acerinox SA released its earnings results on May 08, 2026. The company reported €0.01 earnings per share for the quarter, missing the consensus estimate of €0.075 by -€0.066.
          Is Acerinox SA overvalued?
          According to Wall Street analysts Acerinox SA’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Acerinox SA pay dividends?
            Acerinox SA does not currently pay dividends.
            What is Acerinox SA’s EPS estimate?
            Acerinox SA’s EPS estimate is 0.14.
              How many shares outstanding does Acerinox SA have?
              Acerinox SA has 498,670,750 shares outstanding.
                What happened to Acerinox SA’s price movement after its last earnings report?
                Acerinox SA reported an EPS of €0.01 in its last earnings report, missing expectations of €0.075. Following the earnings report the stock price went down -7.742%.
                  Which hedge fund is a major shareholder of Acerinox SA?
                  Currently, no hedge funds are holding shares in DE:ACE
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Acerinox SA Stock Smart Score

                    5
                    Neutral
                    1
                    2
                    3
                    4
                    5
                    6
                    7
                    8
                    9
                    10

                    Technicals

                    SMA
                    Positive
                    20 days / 200 days
                    Momentum
                    46.92%
                    12-Months-Change

                    Fundamentals

                    Return on Equity
                    -0.47%
                    Trailing 12-Months
                    Asset Growth
                    -1.67%
                    Trailing 12-Months

                    Company Description

                    Acerinox SA

                    Acerinox, S.A. is a global enterprise that, through its subsidiaries, manufactures, processes, and distributes stainless steel products. Its reach spans continents, including Spain, the Americas, Africa, Asia, Oceania, and Europe. The company's offerings comprise a diverse selection of flat products, featuring items like cold and hot-rolled coils (including black and teardrop varieties), hot and cold-rolled sheets, alongside foundational materials such as roughing materials, discs, billets, and plates. Additionally, Acerinox provides a broad spectrum of long products. These include steel and color-coated wires, corrugated wires, hexagonal wire rods, various types of bars (hot-rolled, cold-rolled, decorticated, and black rebars), steel profiles, and corrugated hot rolls. Established in 1970, Acerinox maintains its corporate headquarters in Madrid, Spain.

                    Acerinox SA (ACE) Earnings & Revenues

                    ACE Company Deck

                    ACE Earnings Call

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call conveyed cautious optimism: the company reported clear operational improvements (sales +6%, melting +22%), solid adjusted EBITDA (EUR 119m) and positive operating cash flow despite geopolitical uncertainty, supply-chain inflation and higher raw-material prices. Strategic investments in North America and aerospace, stronger order books (Haynes) and continued working-capital discipline underpin an improving outlook. However, Europe remains the main drag — with inventory adjustments (EUR 25m), incomplete pass-through of nickel costs, weak HPA demand in oil & gas and a modest rise in net debt after dividends and heavy CapEx. Management expects further improvement into Q2 and beyond but acknowledges lingering risks.View all DE:ACE earnings summaries
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