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AMG ADVANCED METALLURGICAL GROUP NV
(AMG)
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Rating:53Neutral
Price Target:
€33.00
▼(-7.15% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weak financial performance (margin compression, TTM net loss, and negative free cash flow alongside elevated leverage). Technicals are a key offset, showing a strong uptrend and positive momentum. Valuation is neutral-to-slightly negative given a higher P/E and modest dividend yield.
Positive Factors
Diversified business model
AMG operates both a materials business (production, upgrading, recycling of critical metals) and an engineered-equipment business, providing revenue diversification across commodity-exposed products and higher-value capital goods and services. This mix supports resilience as different end-markets and revenue types (recurring services vs project sales) balance cyclical swings and create cross-selling and margin upside over time.
Negative Factors
Margin compression
A sustained drop in gross margin from mid-20s to ~18% materially erodes the business's ability to generate profit from sales. Lower unit economics reduce operating leverage, make investment and R&D funding harder, and leave the firm more exposed to commodity cycles and pricing pressure—adversely affecting durable profitability unless structural remediation occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
AMG operates both a materials business (production, upgrading, recycling of critical metals) and an engineered-equipment business, providing revenue diversification across commodity-exposed products and higher-value capital goods and services. This mix supports resilience as different end-markets and revenue types (recurring services vs project sales) balance cyclical swings and create cross-selling and margin upside over time.
Read all positive factors
AMG ADVANCED METALLURGICAL GROUP NV (AMG) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€994.54M
Dividend Yield1.46%
Average Volume (3M)255.83K
Price to Earnings (P/E)―
Beta (1Y)1.50
Revenue Growth11.26%
EPS Growth11.66%
CountryNL
Employees3,600
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.39
Shares Outstanding32,504,166
10 Day Avg. Volume318,454
30 Day Avg. Volume255,828
Financial Highlights & Ratios
PEG Ratio1.33
Price to Book (P/B)1.97
Price to Sales (P/S)0.63
P/FCF Ratio-54.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€52.00Price Target Upside46.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.04
Revenue Forecast (FY)€1.73B
AMG ADVANCED METALLURGICAL GROUP NV Business Overview & Revenue Model
Company Description
AMG Critical Materials N.V. specializes in the production and sale of advanced metals and state-of-the-art metallurgical vacuum furnace systems, alongside offering comprehensive engineering services. The company's operations are divided into three...
How the Company Makes Money
AMG makes money primarily by (1) selling critical materials and related products and (2) selling equipment and services for advanced thermal processing.
1) Critical materials sales (AMG Critical Materials): This segment generates revenue from the...
AMG ADVANCED METALLURGICAL GROUP NV Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
44
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.76B | 1.71B | 1.44B | 1.63B | 1.64B | 1.20B |
| Gross Profit | 325.15M | 308.22M | 228.03M | 425.70M | 409.49M | 208.24M |
| EBITDA | 193.56M | 163.95M | 118.66M | 297.84M | 352.10M | 91.46M |
| Net Income | -12.36M | -19.38M | -33.35M | 101.32M | 187.59M | 13.77M |
Balance Sheet | ||||||
| Total Assets | 2.23B | 2.26B | 2.04B | 1.96B | 1.87B | 1.70B |
| Cash, Cash Equivalents and Short-Term Investments | 191.21M | 278.75M | 294.25M | 345.37M | 346.11M | 337.88M |
| Total Debt | 846.44M | 860.29M | 814.62M | 721.86M | 731.76M | 766.32M |
| Total Liabilities | 1.66B | 1.70B | 1.49B | 1.36B | 1.35B | 1.41B |
| Stockholders Equity | 557.24M | 542.93M | 506.08M | 561.78M | 490.55M | 268.43M |
Cash Flow | ||||||
| Free Cash Flow | -49.59M | -19.61M | -70.15M | 69.62M | -6.95M | -71.45M |
| Operating Cash Flow | 33.92M | 65.32M | 37.52M | 223.00M | 167.57M | 90.79M |
| Investing Cash Flow | -113.55M | -99.98M | -147.04M | -185.34M | -103.10M | -62.95M |
| Financing Cash Flow | -9.80M | 5.70M | 71.59M | -41.54M | -49.29M | 111.07M |
AMG ADVANCED METALLURGICAL GROUP NV Technical Analysis
Negative
35.54
Price Trends
36.00
Negative
35.23
Negative
32.92
Negative
Market Momentum
-1.24
Positive
34.28
Neutral
28.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:AMG, the sentiment is Negative. The current price of 35.54 is above the 20-day moving average (MA) of 33.08, below the 50-day MA of 36.00, and above the 200-day MA of 32.92, indicating a bearish trend. The MACD of -1.24 indicates Positive momentum. The RSI at 34.28 is Neutral, neither overbought nor oversold. The STOCH value of 28.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:AMG.
AMG ADVANCED METALLURGICAL GROUP NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | €68.40M | 19.63 | 7.37% | 7.70% | -2.97% | -40.85% | |
58 Neutral | €43.10B | 17.28 | 6.11% | 1.24% | -5.78% | 142.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €3.38B | 113.34 | -0.24% | 5.41% | -4.14% | -87.08% | |
53 Neutral | €994.54M | -86.87 | 6.84% | 1.46% | 11.26% | 11.66% | |
50 Neutral | €858.78M | -2.88 | ― | 229.25% | ― | ― | |
46 Neutral | €180.73M | -4.11 | -26.08% | ― | -30.63% | 43.45% |
* General Sector Average
NL:AMG
AMG ADVANCED METALLURGICAL GROUP NV
29.60
4.45
17.67%
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57.98
30.32
109.65%
NL:AVTX
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6.98
-2.93
-29.59%
NL:HOLCO
Holland Colours N.V.
79.50
-18.98
-19.27%
NL:OCI
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4.08
-0.60
-12.84%
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.