Acerinox ACX.MC
Acerinox is a global stainless steel manufacturer with integrated operations from melting to transformation, and is one of the world's largest producers. Acerinox has a tight financial health (debt/EBITDA 3.52) and low profitability (ROE 1.55), but its forward valuation is attractive (P/E 11.01) and momentum is strong (7.63). The main risk is the threat of US tariffs, which could impact its North American operations.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Acerinox is a global stainless steel manufacturer with integrated operations from melting to transformation, and is one of the world's largest producers. Acerinox has a tight financial health (debt/EBITDA 3.52) and low profitability (ROE 1.55), but its forward valuation is attractive (P/E 11.01) and momentum is strong (7.63). The main risk is the threat of US tariffs, which could impact its North American operations.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.0 |
| Quality / Moat | 4.0 |
| Valuation | 4.3 |
| Growth | 5.4 |
| Dividend | 3.6 |
| Momentum | 7.6 |
| Risk & Context | 4.5 |
OVERALL SCORE: 4.7/10
Context and risks
Geopolitical risk from Trump's threat to end trade with Spain. Acerinox has operations in the US (North American Stainless), so a trade war could affect its exports and demand in that market.
News considered in the analysis
- European Indexes Little Moved in Early Trade — Ruido de mercado sin información específica para Acerinox.
- European midcaps: Where Jefferies sees upside into H2 — Opinión de analista sin catalizador concreto para Acerinox.
- Acerinox SA (ACRXF) Q2 2026 Earnings Call Highlights: Strong EBITDA Growth Amid Market Challenges — Resultados del Q2 con fuerte crecimiento de EBITDA, aunque en un entorno de mercado desafiante. La noticia es positiva pero ya podría estar parcialmente descontada.
- Spanish Stocks Drop After Trump Says He Wants to End Trade With Spain — Amenaza de fin del comercio con España. Acerinox, con operaciones en EE. UU., podría verse afectada por aranceles o restricciones, aunque su exposición es global.
- Acerinox SA (ACRXF) Q1 2026 Earnings Call Highlights: Strong Revenue Growth and Expanding ... — Resultados del Q1 ya conocidos y descontados por el mercado.
Verdict: Hold pending trade war developments; geopolitical risk limits short-term upside.
Main risk: Geopolitical risk from potential US tariffs on Spanish goods, directly impacting its North American operations (North American Stainless).
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