Acerinox stock
ACX.MCBMEAcerinox, S.A., Basic MaterialsISIN ES0132105018
44Score 44 out of 100, Weak
Price and trend
60 / 100
Price history
+39% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 3.0% above it.
Since January 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 42).
The price is 14% below its 52-week high. Largest decline in 20 years: 73% (September 2007 to March 2020).
Chart figures for advanced users
- SMA 50$18.81
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$17.23
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)42
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$12.58
- The lowest closing price of the last twelve months.
- Resistance$20.56
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Acerinox, S.A. belongs to the Steel industry (Spain) and, with a market value of $4.42B, is number 29 of 43 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $6.43B (up 6.8% year on year) and a loss of $44.59M.
- For fiscal 2026, analysts expect on average revenue of $6.86B (up 6.7%) and adjusted earnings per share of $1.05 (up 85%).
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- MEQIRI Score 44 out of 100 (Weak): rank 366 of 467 in Basic Materials, median 58.
- Our model puts fair value at $8.40, with the price 112% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Share buybacksShare count down 8% since 2020.Capital allocation 51
- High dividend yieldDividend yield 3.88%, Steel median 1.78%.Capital allocation 51
Weaknesses
- Above fair valuePrice 112% above the fair value of $8.40.Valuation 25
- Margin fallingOperating margin 2.6%, average of the prior years 6.4% (to 2024).Profitability 17
- Loss-makingLoss of $44.59M over the last 12 months.Fundamentals 61
Its standout strength is momentum, while growth and profitability hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
What lowers it
- low growth grade (crashed less often in the backtest)
Valuation
Valuation signal
Significantly overvaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $6.46 and expensive above $12.00 (uncertainty medium, based on the price swings of the past year).
Calculated with a cost of equity of 11.9%. At 12.9% the fair value would be $7.59, at 10.9% it would be $9.41.
Valuation metrics
From the cash-flow model alone; without earnings there is no industry value.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In fiscal 2025, revenue rose 6.8% on the prior year. Revenue has stayed largely stable since 2006.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 18%, operating 3%, net −1%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 26 Feb 2027in 106 days
- Last reported
- 30 Oct 2026EPS reported $0.38 (expected $0.39)below expectations
Analyst estimates
Analysts have cut their 2026 earnings estimate by 3.0% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $1.05−3.0%
- Revenue
- $6.86B−0.6%
- Earnings per share
- $1.72−1.7%
- Revenue
- $7.62B−1.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +9.7%No formal guidance; the positive earnings trend is expected to continue thanks to a high order book, and net debt is expected to fall by year-end.
“We expect to continue with this positive trend for the future quarter, especially because of the high order book that we are receiving.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 24 Jul 2026 (fiscal Q2 2026), read by AI.
What happened at Acerinox
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
467 rated companies in Basic Materials
- This company
- 44
- Sector median
- 58
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Steel
The next larger and next smaller companies by market value
- APL Apollo TubesAPLAPOLLO.NS $6.51B72
- Jindal StainlessJSL.NS $6.31B62
- WelspunWELCORP.NS $6.23B71
- VallourecVK.PA $5.8B62
- Grupo Simec, S.A.B. de C.V.SIM $3.99B59
- SalzgitterSZG.DE $3.09B47
- AperamAPAM.AS $2.82B51
- AlleimaALLEI.ST $2.42B62
ETFs that hold Acerinox
Held by 32 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares EURO STOXX Small UCITS ETFIQQS | 0.96% | 0.40% | €405.6M |
| iShares STOXX Europe 600 Basic Resources UCITS ETF (DE)EXV6 | 0.89% | 0.46% | €489.65M |
| UBS MSCI EMU Small Cap UCITS ETF EUR disUEFD | 0.56% | 0.28% | €627.81M |
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| Amundi MSCI EMU Small Cap ESG Broad Transition UCITS ETF DISTLGWU | 0.41% | 0.40% | €575.19M |
| Amundi IBEX 35 UCITS ETF AccAMES | 0.40% | 0.30% | €929.16M |
| iShares STOXX Europe Small 200 UCITS ETF (DE)EXSE | 0.40% | 0.20% | €632.25M |
| Xtrackers Spain UCITS ETF 1DXESD | 0.34% | 0.30% | €509.27M |
| WisdomTree Europe Equity UCITS ETF EUR AccWTDF | 0.27% | 0.32% | €131.6M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = €0.8987)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.