Acerinox/€ACX
Acerinox shares fall after its Q3 results showed cash-flow outflows and higher debt, while management guided to lower fourth-quarter earnings amid seasonal US volume weakness.
19 hours agoLightyear AI
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Capital at risk
About Acerinox
Acerinox SA is a Spanish multinational stainless steel manufacturing corporation founded in 1970. It is one of the world's largest stainless steel producers, specializing in the manufacture and distribution of flat and long stainless steel products. The company operates globally, delivering a wide variety of stainless steel formats, including slabs, billets, coils, plates, rods, and bars.
- Ticker
- €ACX
- Sector
- Materials
- Primary listing
- BME
- Employees
- 9,164
- Headquarters
- Madrid, Spain
- Website
- www.acerinox.com
Acerinox Metrics
BasicAdvanced
€4B
73.46
€0.22
1.08
€0.50
3.13%
Price and volume
Market cap
€4B
Beta
1.08
52-week high
€18.64
52-week low
€11.01
Average daily volume
529K
Dividend rate
€0.50
Financial strength
Current ratio
1.65
Quick ratio
0.785
Long term debt to equity
0.61
Total debt to equity
1.076
Dividend payout ratio (TTM)
285.89%
Interest coverage (TTM)
2.26%
Profitability
EBITDA (TTM)
391.358
Gross margin (TTM)
35.49%
Net profit margin (TTM)
0.95%
Operating margin (TTM)
3.67%
Effective tax rate (TTM)
76.80%
Revenue per employee (TTM)
€620,000
Management effectiveness
Return on assets (TTM)
2.14%
Return on equity (TTM)
1.55%
Valuation
Price to earnings (TTM)
73.457
Price to revenue (TTM)
0.697
Price to book
1.89
Price to tangible book (TTM)
2.18
Price to free cash flow (TTM)
226.266
Free cash flow yield (TTM)
0.44%
Free cash flow per share (TTM)
0.071
Dividend yield (TTM)
3.13%
Growth
Revenue change (TTM)
0.04%
Earnings per share change (TTM)
-41.18%
3-year revenue growth (CAGR)
-8.44%
10-year revenue growth (CAGR)
4.05%
3-year earnings per share growth (CAGR)
-37.49%
10-year earnings per share growth (CAGR)
16.77%
3-year dividend per share growth (CAGR)
-20.20%
10-year dividend per share growth (CAGR)
-3.66%
What the Analysts think about Acerinox
Analyst ratings (Buy, Hold, Sell) for Acerinox stock.
Analyst projections of the future price of Acerinox stock.
Bulls say / Bears say
Acerinox’s recovery is gathering pace: nine-month net profit reached €162 million, against €7 million a year earlier, while EBITDA rose 46% to €470 million. Third-quarter EBITDA also climbed 13% from the previous quarter. (Acerinox)
The US stainless-steel market is supporting results, with apparent demand up 6% quarter on quarter in Q3, imports down 18% year on year and inventories 9% below their historical average. Acerinox says US trade measures are helping to stabilise prices and volumes. (Investing.com)
European trade barriers may give local producers more room to win business: imports into the bloc fell 42% in the first nine months after CBAM and new trade measures took effect. The benefit could become clearer once excess inventories are absorbed. (Acerinox)
Europe remains a weak spot: apparent stainless-steel demand fell 22% quarter on quarter in Q3, and accumulated inventories have delayed the expected recovery despite lower imports. Acerinox sees the benefits of new trade rules emerging more clearly only in early 2027. (MarketScreener)
Cash generation and leverage are a concern: net financial debt rose by €174 million in Q3 to about €1.5 billion, as working capital increased by €152 million and the company paid a €77 million dividend. The company expects working capital to fall by year-end, but that improvement is not yet reflected in the reported debt figure. (Acerinox)
Near-term earnings momentum may ease: management expects Q4 EBITDA to be lower than Q3 because of seasonal weakness in stainless steel activity in the US. High-performance-alloy EBITDA was also down to €59 million for the first nine months from €103 million a year earlier. (Acerinox)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.
Acerinox Financial Performance
Revenues and expenses
Acerinox Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing Acerinox
AllEURUSDGBP
Fund name | Fund size | €ACX weighting |
|---|---|---|
iShares STOXX Europe 600 Basic Resources€EXV6 | €553M | 0.99% |
Xtrackers Spain€XESD | €282M | 0.37% |
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.22% |
Xtrackers MSCI Europe Small Cap€DX2J | $3.6B | 0.22% |
iShares Dow Jones Eurozone Sustainability Screened€EXXV | €217M | 0.14% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.