NDA Stock Analysis: Aurubis | XETRA
Metal Fabrication | XETRA, Germany | Market Cap: 6.715m EUR | 12M Return: 21.4% | DE0006766504 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.2M
EPS Trend: 53.0%
Qual. Beats: 0
Rev. Trend: 88.6%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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.
Aurubis AG is a Hamburg-headquartered German metallurgical company that processes metal concentrates and recycling materials, operating as one of Europes largest integrated copper producers. The company sits within the industrial machinery & supplies & components sub-industry and runs a multi-metal business model that combines primary smelting with extensive recycling operations, making it a key player in the non-ferrous metals value chain.
The companys product portfolio spans semi-finished and finished copper products, including cast rods, specialty wires, shapes, bars, profiles, and industrial and architectural rolled products. It also recovers and sells a range of by-metals and specialty metals such as gold, silver, tin, lead, tellurium, and selenium, alongside industrial outputs like sulfuric acid and iron silicate. Several of these outputs (notably tellurium and selenium) are classified as critical or technology-relevant metals used in applications such as solar energy and electronics.
Aurubis operates a large-scale recycling business that processes copper and alloy scrap, printed circuit board and electronic scrap, mixed heavy metal fractions, shredder materials, smelting residues and sludges, precious-metal-bearing materials, tin scrap, and copper-iron and bimetal scrap. This circular-economy focus complements its primary metal processing and supports recovery of both base and precious metals from secondary feedstocks.
The company was incorporated in 1866 and was formerly known as Norddeutsche Affinerie AG before adopting the Aurubis name in April 2009. It is listed on the XETRA exchange under the ticker NDA and is classified as a mid-cap stock within the German market.
- Copper treatment charges pressured by weak European smelter margins
- Multi-metal recovery volumes lift by-product gold and silver output
- Industrial rolled products demand softens amid German manufacturing slowdown
| Net Income: 996.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -2.21 > 1.0 |
| NWC/Revenue: 17.09% < 20% (prev 16.11%; Δ 0.98% < -1%) |
| CFO/TA 0.03 > 3% & CFO 289.0m > Net Income 996.0m |
| Net Debt (731.0m) to EBITDA (1.60b): 0.46 < 3 |
| Current Ratio: 2.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (43.7m) vs 12m ago 0.0% < -2% |
| Gross Margin: 7.00% > 18% (prev 11.10%; Δ -4.10% > 0.5%) |
| Asset Turnover: 229.2% > 50% (prev 213.4%; Δ 15.79% > 0%) |
| Interest Coverage Ratio: 53.16 > 6 (EBIT TTM 1.33b / Interest Expense TTM 25.0m) |
| A: 0.35 (Total Current Assets 7.08b - Total Current Liabilities 3.29b) / Total Assets 10.9b |
| B: 0.51 (Retained Earnings 5.53b / Total Assets 10.9b) |
| C: 0.14 (EBIT TTM 1.33b / Avg Total Assets 9.67b) |
| D: 1.19 (Book Value of Equity 5.91b / Total Liabilities 4.96b) |
| Altman-Z'' = 6.11 = AAA |
| DSRI: 0.93 (Receivables 1.21b/1.06b, Revenue 22.2b/18.1b) |
| GMI: 1.59 (GM 11.10% / 7.00%) |
| AQI: 1.17 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 1.23 (Revenue 22.2b / 18.1b) |
| TATA: 0.06 (NI 996.0m - CFO 289.0m) / TA 10.9b) |
| Beneish M = -2.28 (Cap -4..+1) = BBB |
As of October 25, 2026, the stock is trading at EUR 130.70 with a total of 119,908 shares traded. Over the past week, the price has changed by -15.02%, over one month by -22.20%, over three months by -26.03% and over the past year by +21.44%.
Current recommended Stop Loss: 123.10 (which is 5.8% or 1.3 ATR below the current price).
Aurubis has no consensus analysts rating.
P/E Trailing = 6.7427
P/E Forward = 8.9686
P/S = 0.303
P/B = 1.2406
P/EG = 1.8321
Revenue TTM = 22.2b EUR
EBIT TTM = 1.33b EUR
EBITDA TTM = 1.60b EUR
Long Term Debt = 452.0m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 269.0m EUR (from shortTermDebt, last quarter)
Debt = 784.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 45.0m
Net Debt = 731.0m EUR (calculated: Debt 784.0m - CCE 53.0m)
Enterprise Value = 7.45b EUR (6.71b + Debt 784.0m - CCE 53.0m)
Interest Coverage Ratio = 53.16 (Ebit TTM 1.33b / Interest Expense TTM 25.0m)
EV/FCF = -29.08x (Enterprise Value 7.45b / FCF TTM -256.0m)
FCF Yield = -3.44% (FCF TTM -256.0m / Enterprise Value 7.45b)
FCF Margin = -1.16% (FCF TTM -256.0m / Revenue TTM 22.2b)
Net Margin = 4.49% (Net Income TTM 996.0m / Revenue TTM 22.2b)
Gross Margin = 7.00% ((Revenue TTM 22.2b - Cost of Revenue TTM 20.6b) / Revenue TTM)
Gross Margin QoQ = 4.19% (prev 11.30%)
Tobins Q-Ratio = 0.68 (Enterprise Value 7.45b / Total Assets 10.9b)
Interest Expense / Debt = 3.19% (Interest Expense 25.0m / Debt 784.0m)
Taxrate = 25.67% (344.0m / 1.34b)
NOPAT = 987.8m (EBIT 1.33b * (1 - 25.67%))
Current Ratio = 2.15 (Total Current Assets 7.08b / Total Current Liabilities 3.29b)
Debt / Equity = 0.13 (Debt 784.0m / totalStockholderEquity, last quarter 5.91b)
Debt / EBITDA = 0.46 (Net Debt 731.0m / EBITDA 1.60b)
Debt / FCF = -2.86 (negative FCF - burning cash) (Net Debt 731.0m / FCF TTM -256.0m)
Total Stockholder Equity = 5.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.30% (Net Income 996.0m / Total Assets 10.9b)
RoE = 18.09% (Net Income TTM 996.0m / Total Stockholder Equity 5.50b)
RoCE = 22.31% (EBIT 1.33b / Capital Employed (Equity 5.50b + L.T.Debt 452.0m))
RoIC = 12.66% (NOPAT 987.8m / Invested Capital 7.80b)
WACC = 9.50% (E(6.71b)/V(7.50b) * Re(10.33%) + D(784.0m)/V(7.50b) * Rd(3.19%) * (1-Tc(0.26)))
Discount Rate = 10.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -46.47 | Cagr: 0.0%
[DCF] Fair Price = unknown (Cash Flow -256.0m)
EPS Correlation: 53.04 | EPS CAGR: 13.07% | SUE: 0.72 | # QB: 0
Revenue Correlation: 88.65 | Revenue CAGR: 8.76% | SUE: 0.86 | # QB: 1
EPS current Quarter (2026-12-31): EPS=2.59 | Chg30d=-6.81% | Revisions=-25% | Analysts=1
EPS current Year (2026-09-30): EPS=9.19 | Chg30d=+0.97% | Revisions=+29% | GrowthEPS=+53.9% | GrowthRev=+34.8%
EPS next Year (2027-09-30): EPS=10.08 | Chg30d=+0.06% | Revisions=-17% | GrowthEPS=+9.7% | GrowthRev=+10.4%
[Analyst] Revisions Ratio: +0% (up=4, down=4)