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Acerinox SA (DE:ACE)
FRANKFURT:ACE

Acerinox SA (ACE) Price & Analysis

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ACE Stock Chart & Stats

€8.05
-€0.10(-1.23%)
At close: 4:00 PM EDT
€8.05
-€0.10(-1.23%)

Bulls Say, Bears Say

Bulls Say
EBITDA Recovery & GuidanceA sharp Q2 EBITDA rebound (+85% QoQ to €176m) and management's >€500m annualized run-rate guidance indicate a meaningful upshift in core earnings power. Sustained higher EBITDA improves debt metrics, funds capex and synergies, and strengthens resilience across steel cycles over coming quarters.
Production And Capacity RestorationProduction rising >10% and restart of the P4 hot‑rolling/pickling line restored full Algeciras capacity, improving utilization and delivery capability. Higher throughput sustainably lowers unit costs, enhances fixed-cost absorption and supports longer-term margin recovery as volumes normalize.
Improved European Market Structure (Trade Measures)Trade measures (CBAM/quota cuts) materially lowered import share in Europe, tightening supply and supporting local pricing. Structural reduction in low-cost imports should sustain better margins and volumes for regional producers, improving competitive dynamics over multiple quarters.
Bears Say
Thin & Volatile ProfitabilityDespite top-line rebound, net margin near 1.1% and prior volatility (including a 2025 net loss) indicate fragile earnings quality. Persistently thin margins limit retained earnings, reduce shock absorption in downturns and make consistent capital allocation and reinvestment harder across cycles.
Elevated LeverageNet debt of ~€1.266bn and a ~2.5x debt/EBITDA position (working-capital driven) constrain financial flexibility. In a cyclical steel market, elevated leverage reduces capacity to smooth cash flow swings, slows deleveraging if demand remains weak, and increases refinancing and covenant risk.
Weak Free Cash Flow ConversionFCF nearly breakeven and plunging (~-90.6% growth) reflects working-capital strain, tax outflows and advance raw-material purchases. Low FCF limits ability to reduce debt, fund expansions or increase shareholder returns, leaving investment plans and targets vulnerable if earnings slip.

Acerinox SA News

ACE FAQ

What was Acerinox SA’s price range in the past 12 months?
Acerinox SA lowest stock price was €5.05 and its highest was €9.05 in the past 12 months.
    What is Acerinox SA’s market cap?
    Acerinox SA’s market cap is €4.25B.
      When is Acerinox SA’s upcoming earnings report date?
      Acerinox SA’s upcoming earnings report date is Oct 30, 2026 which is in 63 days.
        How were Acerinox SA’s earnings last quarter?
        Acerinox SA released its earnings results on Jul 24, 2026. The company reported €0.139 earnings per share for the quarter, beating the consensus estimate of €0.132 by €0.007.
          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 0.17.
              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 €0.139 in its last earnings report, beating expectations of €0.132. Following the earnings report the stock price went down -1.227%.
                  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
                    2.83%
                    Trailing 12-Months
                    Asset Growth
                    -2.38%
                    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

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call conveyed a constructive and improving operational picture: strong Q2 EBITDA (EUR 176m, +85% QoQ), higher production and visible recovery in the U.S. stainless and HPA order books, meaningful synergy capture and active investment for growth. These positives were balanced against short-term headwinds — weak demand, working capital-driven debt increase (net debt ~EUR 1.266bn; debt/EBITDA ~2.5), sector-specific softness (oil & gas, CPI), metal-price volatility and seasonal slowdown. Management expressed confidence in structural improvements in Europe (CBAM/quota reductions) and reiterated targets (reduce debt/EBITDA to ~2x; annualized EBITDA ambition above ~EUR 500m) while warning of limited short-term visibility and possible Q3 seasonality impacts.View all DE:ACE earnings summaries
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