NEXA Stock Analysis: Nexa Resources | NYSE
Other Industrial Metals & Mining | NYSE, USA | Market Cap: 1.828m USD | 12M Return: 192.9% | LU1701428291 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.82M
Qual. Beats: 0
Rev. Trend: 86.8%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 8.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Nexa Resources S.A. is a Luxembourg-headquartered, vertically integrated zinc producer that operates across both mining and smelting. The company runs three polymetallic mines in Peru and two in Brazil, supported by one zinc smelter in Peru and two in Brazil. Its product portfolio includes metallic zinc, zinc oxide, zamac (a zinc-aluminum alloy), gold, and sulfuric acid, along with by-products such as silver and lead concentrates and copper cement, reflecting the diversified output typical of polymetallic ore bodies.
The company reports under two segments-Mining and Smelting-giving it exposure to both upstream extraction and downstream processing margins. Founded in 1956 and formerly known as VM Holding S.A., Nexa adopted its current name in September 2017 ahead of its NYSE listing later that year. It is a subsidiary of Votorantim S.A., a major Brazilian industrial conglomerate with long-standing metals and mining operations.
As a Diversified Metals & Mining constituent of the Materials sector, Nexas business is closely tied to global zinc demand, which is dominated by steel galvanizing for corrosion protection, and to by-product credits from copper, lead, silver, and gold, which can help offset volatility in zinc prices.
- Zinc prices decline pressures Mining segment profitability
- Peruvian mine permit delays disrupt production volumes
- Smelting margins compress on energy costs and treatment charges
| Net Income: 277.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 2.53 > 1.0 |
| NWC/Revenue: -8.65% < 20% (prev -3.10%; Δ -5.55% < -1%) |
| CFO/TA 0.11 > 3% & CFO 565.7m > Net Income 277.6m |
| Net Debt (1.60b) to EBITDA (1.20b): 1.33 < 3 |
| Current Ratio: 0.80 > 1.5 & < 3 |
| Outstanding Shares: last quarter (132.4m) vs 12m ago 0.0% < -2% |
| Gross Margin: 24.13% > 18% (prev 18.99%; Δ 5.14% > 0.5%) |
| Asset Turnover: 67.00% > 50% (prev 57.16%; Δ 9.84% > 0%) |
| Interest Coverage Ratio: 3.24 > 6 (EBIT TTM 834.7m / Interest Expense TTM 257.7m) |
| A: -0.06 (Total Current Assets 1.15b - Total Current Liabilities 1.45b) / Total Assets 5.38b |
| B: -0.18 (Retained Earnings -949.9m / Total Assets 5.38b) |
| C: 0.16 (EBIT TTM 834.7m / Avg Total Assets 5.13b) |
| D: 0.31 (Book Value of Equity 1.20b / Total Liabilities 3.87b) |
| Altman-Z'' = 0.48 = B |
| DSRI: 0.85 (Receivables 185.0m/175.8m, Revenue 3.44b/2.79b) |
| GMI: 0.79 (GM 18.99% / 24.13%) |
| AQI: 1.60 (AQ_t 0.29 / AQ_t-1 0.18) |
| SGI: 1.23 (Revenue 3.44b / 2.79b) |
| TATA: -0.05 (NI 277.6m - CFO 565.7m) / TA 5.38b) |
| Beneish M = -2.82 (Cap -4..+1) = A |
As of September 09, 2026, the stock is trading at USD 14.12 with a total of 1,099,995 shares traded. Over the past week, the price has changed by +3.75%, over one month by -4.98%, over three months by +14.22% and over the past year by +192.94%.
Current recommended Stop Loss: 12.80 (which is 9.3% or 1.6 ATR below the current price).
Nexa Resources has received a consensus analysts rating of 2.75. Therefore, it is recommended to hold NEXA.
- StrongBuy: 0
- Buy: 0
- Hold: 6
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 14.9 | 5.5% |
P/E Trailing = 6.6029
P/E Forward = 3.4495
P/S = 0.5278
P/B = 1.5238
Revenue TTM = 3.44b USD
EBIT TTM = 834.7m USD
EBITDA TTM = 1.20b USD
Long Term Debt = 1.63b USD (from longTermDebt, last quarter)
Short Term Debt = 141.6m USD (from shortTermDebt, last quarter)
Debt = 1.99b USD (from shortLongTermDebtTotal, last quarter) + Leases 132.7m
Net Debt = 1.60b USD (calculated: Debt 1.99b - CCE 386.8m)
Enterprise Value = 3.43b USD (1.83b + Debt 1.99b - CCE 386.8m)
Interest Coverage Ratio = 3.24 (Ebit TTM 834.7m / Interest Expense TTM 257.7m)
EV/FCF = 19.79x (Enterprise Value 3.43b / FCF TTM 173.2m)
FCF Yield = 5.05% (FCF TTM 173.2m / Enterprise Value 3.43b)
FCF Margin = 5.04% (FCF TTM 173.2m / Revenue TTM 3.44b)
Net Margin = 8.08% (Net Income TTM 277.6m / Revenue TTM 3.44b)
Gross Margin = 24.13% ((Revenue TTM 3.44b - Cost of Revenue TTM 2.61b) / Revenue TTM)
Gross Margin QoQ = 25.31% (prev 30.64%)
Tobins Q-Ratio = 0.64 (Enterprise Value 3.43b / Total Assets 5.38b)
Interest Expense / Debt = 12.96% (Interest Expense 257.7m / Debt 1.99b)
Taxrate = 35.41% (217.6m / 614.7m)
NOPAT = 539.2m (EBIT 834.7m * (1 - 35.41%))
Current Ratio = 0.80 (Total Current Assets 1.15b / Total Current Liabilities 1.45b)
Debt / Equity = 1.65 (Debt 1.99b / totalStockholderEquity, last quarter 1.20b)
Debt / EBITDA = 1.33 (Net Debt 1.60b / EBITDA 1.20b)
Debt / FCF = 9.24 (Net Debt 1.60b / FCF TTM 173.2m)
Total Stockholder Equity = 1.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.41% (Net Income 277.6m / Total Assets 5.38b)
RoE = 25.68% (Net Income TTM 277.6m / Total Stockholder Equity 1.08b)
RoCE = 30.81% (EBIT 834.7m / Capital Employed (Equity 1.08b + L.T.Debt 1.63b))
RoIC = 13.83% (NOPAT 539.2m / Invested Capital 3.90b)
WACC = 10.04% (E(1.83b)/V(3.82b) * Re(11.85%) + D(1.99b)/V(3.82b) * Rd(12.96%) * (1-Tc(0.35)))
Discount Rate = 11.85% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 32.33 | Cagr: 0.0%
[DCF] Terminal Value 72.71% ; FCFF base≈117.4m ; Y1≈134.6m ; Y5≈198.0m
[DCF] Fair Price = 5.25 (EV 2.30b - Net Debt 1.60b = Equity 694.7m / Shares 132.4m; r=10.04% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.23 | # QB: 0
Revenue Correlation: 86.85 | Revenue CAGR: 9.51% | SUE: -0.03 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.56 | Chg30d=+10.45% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=2.53 | Chg30d=-13.54% | Revisions=-17% | GrowthEPS=+198.0% | GrowthRev=+21.0%
EPS next Year (2027-12-31): EPS=3.08 | Chg30d=-12.65% | Revisions=+0% | GrowthEPS=+21.7% | GrowthRev=-3.3%
[Analyst] Revisions Ratio: -22% (up=2, down=4)