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Aurubis AG
XETRA:NDA

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Aurubis AG
XETRA:NDA
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Price: 65.12 EUR 0.25%
Updated: Mar 28, 2024

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%.

Key Points:
NDA Intrinsic Value
Base Case
96.32 EUR
Undervaluation 32%
Intrinsic Value
Price
A
Worst Case
Base Case
Best Case

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Aurubis AG

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Fundamental Analysis

Aurubis Q1 Performance and FY23 Outlook
2024-Q1 Earnings Call

Aurubis Q1 Performance and FY23 Outlook

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

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.

Positive 3-Year Average ROE
Positive 3-Years Revenue Growth
Positive Revenue Growth Forecast
Positive 3-Year Average ROIC
46/100
Profitability
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.

High Altman Z-Score
Low D/E
Long-Term Solvency
Short-Term Solvency
65/100
Solvency
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

Wall Street analysts forecast NDA stock price to rise over the next 12 months.

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.

Lowest
Price Target
61.61 EUR
5% Downside
Average
Price Target
82.37 EUR
26% Upside
Highest
Price Target
115.5 EUR
77% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

NDA Price
Aurubis AG

1M 1M
+10%
6M 6M
-6%
1Y 1Y
-21%
3Y 3Y
-4%
5Y 5Y
+52%
10Y 10Y
+105%
Annual Price Range
65.12
52w Low
57.4
52w High
87.92
Price Metrics
Average Annual Return 17.16%
Standard Deviation of Annual Returns 21.19%
Max Drawdown -54%
Shares Statistics
Market Capitalization 2.8B EUR
Shares Outstanding 43 609 000
Percentage of Shares Shorted
N/A

NDA Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Aurubis AG

Country

Germany

Industry

Metals & Mining

Market Cap

2.8B EUR

Dividend Yield

2.14%

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

HAMBURG
Hamburg
Hovestrasse 50
+494078830.0
https://www.aurubis.com/

IPO

2008-02-25

Employees

7 135

Officers

CEO, Director of Industrial Relations & Chairman of the Executive Board
Mr. Roland Harings
CFO & Member of the Executive Board
Mr. Herr Rainer Verhoeven
COO & Member of Executive Board
Dr. Heiko Arnold
COO of Multimetal Recycling & Member of the Executive Board
Ms. Inge Hofkens
Head of Investor Relations
Elke Brinkmann
Head of Corporate Legal Affairs
Dr. Bjoern Carsten Frenzel
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Vice President of Investor Relations, Corporate Communications & Sustainability
Ms. Angela Seidler
Senior Vice President of Corporate Development
Dr. Thomas Sturm
Senior Vice President of Corporate Energy & Climate Affairs
Mr. Ulf Gehrckens
Head of Primary Copper Production Hamburg
Dr. Andreas Specht
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See Also

Discover More
What is the Intrinsic Value of one NDA stock?

The intrinsic value of one NDA stock under the Base Case scenario is 96.32 EUR.

Is NDA stock undervalued or overvalued?

Compared to the current market price of 65.12 EUR, Aurubis AG is Undervalued by 32%.