Acerinox SA (ANIOY)
OTHER OTC:ANIOY
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Acerinox SA
(OTC:ANIOY)
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Rating:48Neutral
Price Target:
$7.00
▼(-9.44% Downside)
Action:ReiteratedDate:03/29/26
The score is held down primarily by deteriorating financial performance (2025 loss and revenue decline) and a not-strong technical setup (negative MACD and price below key moving averages). The main offset is a supportive dividend yield, though valuation is constrained by negative earnings.
Positive Factors
Diversified product mix
Acerinox’s broad product slate—commodity stainless plus high-performance alloys—and downstream finishing/services supports durable demand diversification and margin mix. Over several months this reduces reliance on any single end market and enables cross-selling of higher-value specialty products.
Negative Factors
Sharp 2025 revenue & profit decline
A steep revenue drop and a shift to net loss in 2025 indicate weakened end-market demand and margin compression. Persisting through the medium term, this erodes retained earnings, limits reinvestment capacity, and pressures operational adjustments and dividend sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified product mix
Acerinox’s broad product slate—commodity stainless plus high-performance alloys—and downstream finishing/services supports durable demand diversification and margin mix. Over several months this reduces reliance on any single end market and enables cross-selling of higher-value specialty products.
Read all positive factors
Acerinox SA (ANIOY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.28B
Dividend Yield2.89%
Average Volume (3M)397.00
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth-2.44%
EPS Growth43.14%
CountryUS
Employees9,344
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding498,670,750
10 Day Avg. Volume1,005
30 Day Avg. Volume397
Financial Highlights & Ratios
PEG Ratio0.64
Price to Book (P/B)1.40
Price to Sales (P/S)0.52
P/FCF Ratio19.94
Enterprise Value/Market Cap1.29
Enterprise Value/Revenue0.73
Enterprise Value/Gross Profit1.21
Enterprise Value/Ebitda12.33
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.61
Revenue Forecast (FY)$7.69B
Acerinox SA Business Overview & Revenue Model
Company Description
Acerinox, S.A., through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and Europe. The company offers flat products, including coil cold rollings, hot rolled and blac...
How the Company Makes Money
Acerinox primarily makes money by manufacturing and selling stainless steel and specialty alloy products to industrial customers and distributors. Its core revenue stream is the sale of stainless steel flat products (e.g., coils, sheet, plate) and...
Acerinox SA Earnings Call Summary
Earnings Call Date:Oct 31, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 08, 2026
Earnings Call Sentiment Neutral
Acerinox is navigating a challenging market environment with weak demand and price pressures, particularly in Europe. However, strategic investments, strong cash flow generation, and positive developments in North America provide some optimism for the future.Positive Updates
Stable Cash Flow Generation
Despite challenging market conditions, Acerinox generated an operating cash flow of EUR 152 million in Q3 and EUR 299 million year-to-date, covering CapEx and dividends.
Negative Updates
Weak Demand and Market Uncertainty
The market continues to be affected by geopolitical conflicts and tariff uncertainties, with demand remaining weak for three consecutive years.
Read all updates
Q3-2025 Updates
Positive
Negative
Stable Cash Flow Generation
Despite challenging market conditions, Acerinox generated an operating cash flow of EUR 152 million in Q3 and EUR 299 million year-to-date, covering CapEx and dividends.
Read all positive updates
Company Guidance
In the Acerinox third quarter 2025 results call, the company provided guidance indicating that the fourth quarter is expected to be lower than the third quarter, primarily due to seasonality factors. The company emphasized its focus on cost-cutting and cash generation, with a reported operating cash flow of EUR 152 million for the third quarter. The EBITDA for Q3 was EUR 108 million, slightly below Q2 due to factors like the depreciation of the U.S. dollar. Acerinox also highlighted ongoing challenges, such as geopolitical uncertainties and tariff negotiations, affecting demand and market conditions. The company is optimistic about future recovery, supported by new trade measures in the EU and the U.S., which aim to create a more competitive environment. Additionally, the company continues to implement its strategy of diversification and investment in high-performance alloys and North American Stainless. The integration of Haynes International is progressing well, with synergies expected to gradually increase. Despite current market challenges, Acerinox maintains a positive long-term outlook, driven by its strategic initiatives and market opportunities.Acerinox SA Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
56
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.55B | 5.41B | 6.61B | 8.69B | 6.71B |
| Gross Profit | 1.00B | 1.86B | 2.18B | 3.08B | 2.43B |
| EBITDA | 329.80M | 609.63M | 627.52M | 1.09B | 994.38M |
| Net Income | -38.49M | 224.95M | 228.13M | 556.05M | 571.88M |
Balance Sheet | |||||
| Total Assets | 5.69B | 6.47B | 6.10B | 6.32B | 5.98B |
| Cash, Cash Equivalents and Short-Term Investments | 973.62M | 1.35B | 1.80B | 1.56B | 1.29B |
| Total Debt | 2.20B | 2.38B | 2.15B | 1.99B | 1.85B |
| Total Liabilities | 3.56B | 3.89B | 3.64B | 3.77B | 3.77B |
| Stockholders Equity | 2.06B | 2.53B | 2.41B | 2.47B | 2.16B |
Cash Flow | |||||
| Free Cash Flow | 144.92M | 88.89M | 306.58M | 407.37M | 285.67M |
| Operating Cash Flow | 437.84M | 293.67M | 481.48M | 544.08M | 387.81M |
| Investing Cash Flow | -233.04M | -896.46M | -174.70M | -125.50M | -90.44M |
| Financing Cash Flow | -372.87M | -36.03M | -5.57M | -216.03M | 10.31M |
Acerinox SA Technical Analysis
Negative
7.73
Price Trends
7.47
Negative
7.20
Negative
6.73
Positive
Market Momentum
-0.14
Negative
41.36
Neutral
47.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANIOY, the sentiment is Negative. The current price of 7.73 is above the 20-day moving average (MA) of 7.06, above the 50-day MA of 7.47, and above the 200-day MA of 6.73, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 41.36 is Neutral, neither overbought nor oversold. The STOCH value of 47.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ANIOY.
Acerinox SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $5.01B | 61.64 | 6.07% | ― | -16.81% | -67.68% | |
65 Neutral | $7.55B | 17.63 | 3.53% | 7.02% | -16.69% | 585.38% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $6.65B | 29.29 | 2.53% | 2.92% | -2.53% | -36.08% | |
48 Neutral | $3.28B | -75.08 | -0.23% | 2.89% | -2.44% | 43.14% | |
45 Neutral | $4.63B | -4.42 | -24.89% | ― | -6.76% | -255.94% | |
45 Neutral | $1.54B | -5.92 | -13.62% | ― | -5.79% | -5.30% |
* Basic Materials Sector Average
ANIOY
Acerinox SA
6.87
1.06
18.29%
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GGB
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3.46
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SIM
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29.80
3.47
13.16%
SID
Companhia Siderúrgica Nacional
1.18
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TX
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36.17%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.