Aurubis (NDA) AI Stock Analysis

• Market Cap: €4.08B
• Dividend Yield: 1.4%
• Average Volume (3M): 122.87K
• Price to Earnings (P/E): 6.0
• Beta (1Y): 0.86
• Revenue Growth: 9.35%
• EPS Growth: 489.33%
• Country: DE
• Employees: 7,000
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Copper
• EPS (TTM): 1.73
• Shares Outstanding: 44,956,722
• 10 Day Avg. Volume: 122,811
• 30 Day Avg. Volume: 122,868
• PEG Ratio: 0.43
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -26.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €84.43
• Price Target Upside: -11.08% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 79 Outperform
• Price Target: €97.00 ▲(2.16%Upside)

Aurubis demonstrates strong financial performance with notable profitability and stability, contributing significantly to its overall score. The attractive valuation enhances its appeal, although technical indicators suggest caution due to potential volatility. The absence of recent earnings call insights or corporate events concentrates the evaluation on fundamental and technical factors.

Aurubis Business Overview & Revenue Model

Company Description

Aurubis AG processes metal concentrates and recycling materials in Germany. The company processes scrap metals, organic and inorganic metalbearing recycling raw materials, and industrial residues. It also offers wire rods and specialty wires, shapes, bars and profiles, industrial rolled products, and architectural rolled products. In addition, the company also produces gold, silver, lead, lead-bismuth alloy, lead-antimony litharge, tellurium metals, and tellurium dioxide. Further, the company engages in the recycling of copper, copper scrap, alloy scrap and other recycling materials, precious metals, and other non-ferrous metals; and product businesses. Additionally, it produces sulfuric acid, iron-silicate, smelter intermediates, and selenium, as well as produces various products from purchased copper and copper alloy scrap, electronic scrap, and industrial residues. The company was formerly known as Norddeutsche Affinerie AG and changed its name to Aurubis AG in April 2009. Aurubis AG was founded in 1866 and is headquartered in Hamburg, Germany.

How the Company Makes Money

Aurubis makes money through its comprehensive copper production and refining processes, earning revenue from the sale of copper and other non-ferrous metals. The company's primary revenue streams include the sale of copper cathodes, copper wire rods, and flat-rolled products. A significant portion of Aurubis' earnings also comes from recycling operations, where it processes scrap materials to extract valuable metals. Additionally, Aurubis benefits financially from the sale of by-products like sulfuric acid and precious metals, which are obtained during the refining process. Strategic partnerships with suppliers and customers in various industries enhance its market reach and profitability.

Aurubis Financial Statement Overview

Summary

Aurubis exhibits robust financial performance with strong profitability, low leverage, and a solid equity foundation. The income statement shows healthy margins and improved net profit margin, while the balance sheet highlights financial stability. However, high capital expenditures have constrained free cash flow generation.

Income Statement

Aurubis shows strong profitability with a gross profit margin of approximately 9.67% TTM. The EBIT and EBITDA margins are healthy at 4.49% and 5.92% respectively, indicating efficient operations. Revenue growth is modest, with a slight increase in total revenue from the previous annual report. The net profit margin has improved significantly to 3.52% TTM, reflecting better cost management and operational efficiencies.

Balance Sheet

The company's financial stability is strong, with a debt-to-equity ratio of 0.08, indicating low leverage. The equity ratio stands at 57.44%, suggesting a solid equity foundation. Return on equity is a healthy 12.69% TTM, showcasing efficient use of shareholder's capital. The balance sheet reflects a well-capitalized company with ample equity cushioning.

Cash Flow

Aurubis has demonstrated resilience in cash flow management with a positive free cash flow growth rate. The operating cash flow to net income ratio of 1.48 TTM indicates strong cash conversion capabilities. However, the free cash flow to net income ratio is modest at 0.12 due to high capital expenditures, suggesting potential constraints in free cash flow generation.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	18.10B	17.14B	17.11B	18.52B	16.37B	12.43B
Gross Profit	2.03B	1.67B	1.09B	1.81B	1.91B	1.37B
EBITDA	1.16B	770.86M	372.10M	1.12B	1.02B	589.34M
Net Income	694.72M	416.10M	140.93M	714.67M	612.80M	265.17M
Balance Sheet
Total Assets	8.57B	7.85B	7.26B	7.45B	6.61B	5.53B
Cash, Cash Equivalents and Short-Term Investments	490.00M	364.21M	609.72M	766.37M	974.65M	499.01M
Total Debt	0.00	383.22M	262.67M	327.50M	581.31M	583.31M
Total Liabilities	3.57B	3.29B	3.01B	3.19B	3.17B	2.68B
Stockholders Equity	5.00B	4.55B	4.24B	4.26B	3.44B	2.85B
Cash Flow
Free Cash Flow	-148.38M	-309.20M	-52.28M	-59.23M	559.64M	228.98M
Operating Cash Flow	722.19M	537.47M	572.71M	287.82M	812.08M	458.94M
Investing Cash Flow	-760.77M	-725.82M	-609.70M	-201.26M	-232.06M	-555.63M
Financing Cash Flow	264.09M	17.20M	-174.52M	-347.17M	-95.95M	136.50M

Aurubis Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 94.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:NDA, the sentiment is Positive. The current price of 94.95 is above the 20-day moving average (MA) of 85.09, above the 50-day MA of 81.08, and above the 200-day MA of 77.68, indicating a bullish trend. The MACD of 2.69 indicates Negative momentum. The RSI at 76.17 is Negative, neither overbought nor oversold. The STOCH value of 70.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:NDA.

Aurubis Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NDA	79 Outperform	€4.08B	5.97	14.97%	1.40%	9.35%	489.33%
Sector *	43 Neutral	AU$1.39B	-6.14	-40.74%	4.06%	-3.45%	-41.77%
0BFA		€37.85B	50.19	2.02%	4.56%	―	―
0RBE		€11.16B	―	-6.00%	―	―	―
0Q2N		€2.87B	93.32	0.00%	0.94%	―	―
LNXSF		$2.65B	―	-3.92%	0.38%	―	―
WKCMF		$3.98B	15.20	5.37%	3.53%	―	―