Professional
Added to YB: 2024-05-31
Pitch date: 2024-05-23
ACX.MC [bullish]
Acerinox, S.A.
+27.11%
current return
Author Info
No bio for this author
Company Info
Acerinox, S.A., together with its subsidiaries, manufactures, process, and markets stainless steel products in Spain, the United States, Africa, Asia, Rest of Europe, and internationally.
Market Cap
EUR 2.4B
Pitch Price
EUR 9.43
Price Target
N/A
Dividend
6.41%
EV/EBITDA
6.06
P/E
57.21
EV/Sales
0.50
Sector
Metals and Mining
Category
value
Horos Asset Management New Position: Acerinox, S.A.
Acerinox (ACX.MC): Stainless steel co penalized by weak EU demand & inventory buildup, but bottoming out. Strong US position, healthy financials enabling value-accretive M&A in high value-add segments (VDM Metals 2020, pending Haynes Intl acquisition). Attractive valuation.
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