Acerinox Stock Fundamentals
| ACX Stock | EUR 9.97 0.01 0.10% |
Acerinox fundamentals help investors to digest information that contributes to Acerinox's financial success or failures. It also enables traders to predict the movement of Acerinox Stock. The fundamental analysis module provides a way to measure Acerinox's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Acerinox stock.
Acerinox |
Acerinox Company Current Valuation Analysis
Acerinox's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Acerinox Current Valuation | 3.05 B |
Most of Acerinox's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Acerinox is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Acerinox has a Current Valuation of 3.05 B. This is 73.29% lower than that of the Metals & Mining sector and 54.61% lower than that of the Materials industry. The current valuation for all Spain stocks is 81.67% higher than that of the company.
Acerinox Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Acerinox's current stock value. Our valuation model uses many indicators to compare Acerinox value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Acerinox competition to find correlations between indicators driving Acerinox's intrinsic value. More Info.Acerinox is number one stock in return on equity category among related companies. It is number one stock in return on asset category among related companies reporting about 0.33 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Acerinox is roughly 3.01 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Acerinox by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Acerinox's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Acerinox's earnings, one of the primary drivers of an investment's value.Acerinox Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Acerinox's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Acerinox could also be used in its relative valuation, which is a method of valuing Acerinox by comparing valuation metrics of similar companies.Acerinox is currently under evaluation in current valuation category among related companies.
Acerinox Fundamentals
| Return On Equity | 0.38 | |||
| Return On Asset | 0.13 | |||
| Profit Margin | 0.11 % | |||
| Operating Margin | 0.15 % | |||
| Current Valuation | 3.05 B | |||
| Shares Outstanding | 259.7 M | |||
| Shares Owned By Insiders | 7.39 % | |||
| Shares Owned By Institutions | 45.21 % | |||
| Price To Earning | 32.90 X | |||
| Price To Book | 0.79 X | |||
| Price To Sales | 0.26 X | |||
| Revenue | 6.71 B | |||
| Gross Profit | 2.36 B | |||
| EBITDA | 976.49 M | |||
| Net Income | 571.88 M | |||
| Cash And Equivalents | 1.01 B | |||
| Cash Per Share | 3.72 X | |||
| Total Debt | 1.37 B | |||
| Debt To Equity | 1.06 % | |||
| Current Ratio | 1.80 X | |||
| Book Value Per Share | 11.85 X | |||
| Cash Flow From Operations | 387.81 M | |||
| Earnings Per Share | 3.51 X | |||
| Price To Earnings To Growth | 0.49 X | |||
| Target Price | 12.5 | |||
| Number Of Employees | 8.28 K | |||
| Beta | 1.38 | |||
| Market Capitalization | 2.47 B | |||
| Total Asset | 5.98 B | |||
| Z Score | 1.6 | |||
| Annual Yield | 0.08 % | |||
| Five Year Return | 4.10 % | |||
| Net Asset | 5.98 B |
About Acerinox Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Acerinox's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Acerinox using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Acerinox based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Acerinox, S.A., through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and rest of Europe. Acerinox, S.A. was founded in 1970 and is headquartered in Madrid, Spain. ACERINOX S operates under Steel classification in Spain and is traded on Madrid SE C.A.T.S.. It employs 8384 people.
Pair Trading with Acerinox
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Acerinox position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Acerinox will appreciate offsetting losses from the drop in the long position's value.Moving together with Acerinox Stock
| 0.77 | APAM | Aperam SA | PairCorr |
Moving against Acerinox Stock
| 0.49 | IBG | Iberpapel Gestion | PairCorr |
The ability to find closely correlated positions to Acerinox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acerinox when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acerinox - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acerinox to buy it.
The correlation of Acerinox is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acerinox moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acerinox moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Acerinox can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acerinox. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Acerinox Stock analysis
When running Acerinox's price analysis, check to measure Acerinox's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Acerinox is operating at the current time. Most of Acerinox's value examination focuses on studying past and present price action to predict the probability of Acerinox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acerinox's price. Additionally, you may evaluate how the addition of Acerinox to your portfolios can decrease your overall portfolio volatility.
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |