Aurubis AG
XETRA:NDA
Intrinsic Value
Aurubis AG engages in the production of copper, copper products and precious metals. [ Read More ]
The intrinsic value of one NDA stock under the Base Case scenario is 96.32 EUR. Compared to the current market price of 65.12 EUR, Aurubis AG is Undervalued by 32%.
Valuation Backtest
Aurubis AG
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Fundamental Analysis
Aurubis Q1 Performance and FY23 Outlook
2024-Q1 Earnings Call
Aurubis AG reported a marginally lower gross margin in Q1 due to subdued metal prices, particularly nickel, palladium, and copper. TC/RCs for concentrates and recycling material remained strong while total costs stayed flat year-on-year due to lower energy costs. Legal expenses related to criminal activities against the company increased by roughly EUR 16 million, affecting net financial position expectations, which is anticipated to be around EUR 250 million negative net financial by mid-year followed by an improvement. The company's solid equity ratio has improved to nearly 59%. Aurubis expects an operating EBT of EUR 380-480 million and an ROCE between 10-14% for FY23, with a slight downward trend in Q2. Investments in various plant upgrades and expansions are underway, including work at their new Richmond facility, which is set to begin operations in 2024, with CapEx estimated at EUR 900 million. Despite weaker European construction and consumer segments, wire rod demand remains robust, and the company is minimally affected by disruptions, such as those at Cobre Panama.
Balance Sheet Decomposition
Aurubis AG
Current Assets | 4.6B |
Cash & Short-Term Investments | 134m |
Receivables | 735m |
Other Current Assets | 3.7B |
Non-Current Assets | 2.6B |
Long-Term Investments | 34m |
PP&E | 2.5B |
Other Non-Current Assets | 17m |
Current Liabilities | 1.9B |
Accounts Payable | 1.5B |
Other Current Liabilities | 398m |
Non-Current Liabilities | 1B |
Long-Term Debt | 203m |
Other Non-Current Liabilities | 818m |
Earnings Waterfall
Aurubis AG
Revenue
|
16.9B
EUR
|
Cost of Revenue
|
-16.3B
EUR
|
Gross Profit
|
581.3m
EUR
|
Operating Expenses
|
-417.8m
EUR
|
Operating Income
|
163.5m
EUR
|
Other Expenses
|
-21.6m
EUR
|
Net Income
|
141.9m
EUR
|
Free Cash Flow Analysis
Aurubis AG
What is Free Cash Flow?
NDA Profitability Score
Profitability Due Diligence
Aurubis AG's profitability score is 46/100. The higher the profitability score, the more profitable the company is.
Score
Aurubis AG's profitability score is 46/100. The higher the profitability score, the more profitable the company is.
NDA Solvency Score
Solvency Due Diligence
Aurubis AG's solvency score is 65/100. The higher the solvency score, the more solvent the company is.
Score
Aurubis AG's solvency score is 65/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
NDA Price Targets Summary
Aurubis AG
According to Wall Street analysts, the average 1-year price target for NDA is 82.37 EUR with a low forecast of 61.61 EUR and a high forecast of 115.5 EUR.
Shareholder Return
NDA Price
Aurubis AG
Average Annual Return | 17.16% |
Standard Deviation of Annual Returns | 21.19% |
Max Drawdown | -54% |
Market Capitalization | 2.8B EUR |
Shares Outstanding | 43 609 000 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Aurubis AG engages in the production of copper, copper products and precious metals. The company is headquartered in Hamburg, Hamburg and currently employs 7,135 full-time employees. The company went IPO on 2008-02-25. Its product portfolio comprises rod and specialty wire, such as cast rod, directly cast, oxygen-free copper rod and a variety of drawn products; shapes; industrial rolled products; architectural solutions for surfaces and facades; bars and profiles for the electro-technical industry; cathodes; precious metals, such as gold and silver, which are extracted from copper concentrates and secondary raw materials; sulfuric acid, iron silicate, selenium, and recycled copper, precious metal and other non-ferrous metal products. The firm also operates copper slitting service centers.
Contact
IPO
Employees
Officers
The intrinsic value of one NDA stock under the Base Case scenario is 96.32 EUR.
Compared to the current market price of 65.12 EUR, Aurubis AG is Undervalued by 32%.