Added to YB: 2025-05-01
Pitch date: 2025-04-29
NDA.DE [bullish]
Aurubis AG
+51.21%
current return
Author Info
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Company Info
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.
Market Cap
EUR 5.3B
Pitch Price
EUR 76.65
Price Target
129.00 (+11%)
Dividend
1.31%
EV/EBITDA
9.69
P/E
20.49
EV/Sales
0.31
Sector
Metals and Mining
Category
value
A Copper-Bottomed Situation - Aurubis AG
NDA.DE: Europe's largest copper smelter/recycler, strategically positioned to benefit from EU defense/infrastructure spending, currently trading at 5.4x LTM EBITDA. Post €1.7B capex program (completed by FY28), projecting €906M EBITDA, yielding €129 base case target (+69%). Takeover potential with SZG owning 29.9% stake. Key risks: Chinese overcapacity, global recession.
Read full article (15 min)