Acerinox/€ACX
1D1W1MYTD1Y5YMAX
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
€4.4B
80.42
€0.22
1.07
€0.50
2.86%
Price and volume
Market cap
€4.4B
Beta
1.07
52-week high
€18.64
52-week low
€10.68
Average daily volume
585K
Dividend rate
€0.50
Financial strength
Current ratio
1.65
Quick ratio
0.785
Long term debt to equity
61.021
Total debt to equity
107.644
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)
80.416
Price to revenue (TTM)
0.763
Price to book
2.07
Price to tangible book (TTM)
2.38
Price to free cash flow (TTM)
247.701
Free cash flow yield (TTM)
0.40%
Free cash flow per share (TTM)
0.071
Dividend yield (TTM)
2.86%
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 achieved a meaningful earnings turnaround: first-half 2026 net profit was €77 million versus an €18 million loss a year earlier, while EBITDA rose 27% to €271 million; management also expects third-quarter EBITDA to be slightly above the second quarter. (CNMV)
European policy is improving the competitive backdrop: CBAM and new trade-defense measures helped reduce European imports by 31% in the first half, with July measures cutting quotas by 55% and raising out-of-quota tariffs to 50%. (CNMV)
The Haynes acquisition is gaining traction: Acerinox reported more than $16 million of accumulated synergies, while aerospace and industrial-gas-turbine demand strengthened Haynes’ order backlog and supports a planned $200 million U.S. investment program through 2028. (CNMV)
Final demand remains weak: Acerinox reported that first-half 2026 stainless-steel consumption fell in both the U.S. and Europe, while European apparent consumption continued declining. (CNMV)
Cash conversion and leverage are risks: first-half operating cash flow was only €43 million, working capital increased by €146 million, investment payments reached €148 million, and net financial debt rose to €1.36 billion. (CNMV)
The High-Performance Alloys division remains exposed to cyclical weakness: oil and gas and chemical-processing demand underperformed, while lower nickel prices could pressure alloy surcharges and transaction prices. (CNMV)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
Acerinox Financial Performance
Revenues and expenses
Acerinox Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing Acerinox
AllEURGBPUSD
Fund name | Fund size | €ACX weighting |
|---|---|---|
iShares STOXX Europe 600 Basic Resources€EXV6 | €563M | 1.07% |
Xtrackers Spain€XESD | €269M | 0.37% |
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.23% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.23% |
iShares Dow Jones Eurozone Sustainability Screened€EXXV | €217M | 0.13% |
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.