Aurubis (NDA) AI Stock Analysis

• Market Cap: €5.13B
• Dividend Yield: 1.26%
• Average Volume (3M): 143.34K
• Price to Earnings (P/E): 9.5
• Beta (1Y): 1.15
• Revenue Growth: 6.03%
• EPS Growth: 29.57%
• Country: DE
• Employees: 7,000
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): 1.04
• Shares Outstanding: 44,956,722
• 10 Day Avg. Volume: 182,420
• 30 Day Avg. Volume: 143,336
• PEG Ratio: 0.29
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 0.26
• P/FCF Ratio: -55.86
• 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: €117.00
• Price Target Upside: -1.18% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: €130.00 ▲(9.80% Upside)

Aurubis is on a positive trajectory with strong financial performance and technical indicators. The stock's undervaluation enhances its appeal, though challenges in cash flow conversion should be monitored. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand and effective market strategies, positioning Aurubis well for sustained expansion in its industry.

Operational Efficiency

Improved margins suggest enhanced operational efficiency, which can lead to better profitability and competitive positioning over time.

Balance Sheet Health

A stable balance sheet with low leverage provides financial flexibility and reduces risk, supporting long-term strategic initiatives.

Negative Factors

Cash Flow Conversion Challenges

Challenges in cash flow conversion can limit the ability to fund new projects or reduce debt, impacting long-term growth and stability.

Decreasing Gross Profit Margin

A declining gross profit margin may signal rising costs or pricing pressures, which could erode profitability if not managed effectively.

Free Cash Flow Concerns

Negative free cash flow, despite improvements, suggests ongoing issues in cash generation, potentially affecting future investments and financial health.

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 generates revenue primarily through the production and sale of copper cathodes, which are sold to various industries for further processing into various copper products. Additionally, the company has significant revenue streams from the recycling of copper and precious metals, deriving income from the processing of scrap metals. Key partnerships with suppliers and customers enhance its operational efficiency and market presence. The company also benefits from fluctuating metal prices in global markets, which can impact its earnings positively or negatively, depending on market conditions.

Aurubis Financial Statement Overview

Summary

Aurubis shows strong revenue growth and improved profitability margins, indicating operational efficiencies. The balance sheet is stable with low leverage, supporting financial stability. However, challenges in converting earnings to free cash flow could impact future financial flexibility.

Income Statement

Aurubis has demonstrated strong revenue growth over the past year, with a notable increase of 66.3% in the latest period. However, the gross profit margin has decreased from previous years, indicating potential cost pressures. The net profit margin has improved slightly, suggesting better cost management or pricing strategies. EBIT and EBITDA margins have also shown improvement, reflecting operational efficiency gains.

Balance Sheet

The company's balance sheet is stable with a low debt-to-equity ratio of 0.11, indicating conservative leverage. Return on equity has improved to 10.75%, showing effective use of equity capital. The equity ratio remains healthy, suggesting a strong capital structure. However, the decrease in gross profit margin could pose a risk to future equity returns.

Cash Flow

Aurubis has shown a significant improvement in free cash flow growth, although it remains negative. The operating cash flow to net income ratio is stable, indicating consistent cash generation relative to earnings. However, the negative free cash flow to net income ratio highlights challenges in converting profits into free cash flow, which could impact future investments or debt repayments.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	18.23B	18.17B	17.14B	17.11B	18.52B	16.37B
Gross Profit	1.74B	996.00M	1.67B	1.09B	1.81B	1.91B
EBITDA	976.00M	981.00M	770.86M	372.10M	1.12B	1.04B
Net Income	539.00M	539.00M	416.10M	140.93M	714.67M	612.80M
Balance Sheet
Total Assets	8.97B	8.97B	7.85B	7.26B	7.45B	6.61B
Cash, Cash Equivalents and Short-Term Investments	319.00M	319.00M	364.21M	609.72M	766.37M	974.65M
Total Debt	541.00M	541.00M	383.22M	262.67M	327.50M	581.31M
Total Liabilities	3.96B	3.96B	3.29B	3.01B	3.19B	3.17B
Stockholders Equity	5.01B	5.01B	4.55B	4.24B	4.26B	3.44B
Cash Flow
Free Cash Flow	-83.00M	-83.00M	-309.20M	-52.28M	-59.23M	559.64M
Operating Cash Flow	675.00M	675.00M	537.47M	572.71M	287.82M	812.08M
Investing Cash Flow	-754.00M	-769.00M	-725.82M	-609.70M	-201.26M	-232.06M
Financing Cash Flow	76.00M	91.00M	17.20M	-174.52M	-347.17M	-95.95M

Aurubis Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 118.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• 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 118.4 is above the 20-day moving average (MA) of 116.17, above the 50-day MA of 112.81, and above the 200-day MA of 94.66, indicating a bullish trend. The MACD of 1.74 indicates Positive momentum. The RSI at 57.69 is Neutral, neither overbought nor oversold. The STOCH value of 39.32 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	74 Outperform	€5.13B	9.52	11.26%	1.26%	6.03%	29.57%
WCH	62 Neutral	$3.36B	13.96	―	3.67%	-10.63%	-23.15%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BAS	61 Neutral	€39.56B	144.88	0.71%	5.11%	-2.94%	-45.21%
SDF	55 Neutral	€2.20B	-1.28	-32.34%	1.23%	-1.67%	-6688.89%
1COV	52 Neutral	€12.46B	-24.60	-7.19%	―	-5.27%	-75.47%
LXS	46 Neutral	€1.49B	-6.06	-5.69%	0.57%	-6.82%	71.94%