Bedrijfsoverzicht
Nexa Resources S.A. is a global entity engaged in the zinc mining and smelting business, producing metallic zinc, zamac, gold, sulfuric acid, and zinc oxide alongside by-products such as silver. The company operates within the Basic Materials sector, specifically the industry of Other Industrial Metals & Mining, positioning it as a key provider of essential industrial metals required for various manufacturing and construction applications. Nexa Resources S.A. demonstrates significant scale with a market capitalization of $1.57B and annual revenue reaching $3.00B, though the specific count of employees is not publicly disclosed in the available data. These financial figures indicate that the company holds a substantial position in the industrial metals landscape, generating billions in sales to support its extensive operational footprint in mining and smelting activities worldwide.
Financiële gezondheid
The company reported a total revenue of $3.00B over the trailing twelve months, generating a net income of $132.63M and an EBITDA of $660.36M. The substantial gap between the $3.00B revenue and the $132.63M net income reveals a significant cost structure comprising operating expenses, depreciation, amortization, and other deductions that reduce pre-tax earnings to the final profit figure. Nexa Resources S.A. maintains free cash flow of $182.07M, which provides the company with financial flexibility to fund operations, service debt obligations, or potentially return capital to shareholders without immediate reliance on external financing. The company's profitability is characterized by a gross margin of 23.4%, an operating margin of 23.9%, and a profit margin of 4.4%, indicating that while production costs are managed to maintain healthy gross and operating efficiency, the final profit margin is compressed by non-operating costs or significant tax and interest burdens. On the balance sheet, Nexa Resources S.A. holds $521.56M in cash against $1.83B in total debt, resulting in a debt-to-equity ratio of 141.69, which suggests a leveraged financial structure where debt significantly outweighs equity capitalization. This leverage is further contextualized by a current ratio of 0.87, indicating that the company's current assets are insufficient to cover its current liabilities without liquidating non-current assets or generating additional operating cash flow. Return metrics show a return on equity of 19.0% and a return on assets of 5.3%, revealing that management is highly effective at generating profits relative to shareholder equity, yet the overall asset base generates returns that are lower, reflecting the capital-intensive nature of the mining and smelting industry.
Waarderingsbeoordeling
The stock carries a trailing P/E ratio of 11.85 compared to a forward P/E of 4.25, implying that the market expects earnings to grow substantially in the future to justify the higher current multiple relative to the forward estimate. The price-to-book ratio stands at 1.56, indicating that the market values the company at a 56% premium over its net asset book value, reflecting confidence in the quality of its mineral reserves and operational assets beyond their carrying value. Alternative valuation metrics provide further context, with a price-to-sales ratio of 0.52 and an EV/EBITDA of 4.79, suggesting the company trades at a discount relative to its sales and earnings power when adjusted for enterprise value. Price metrics show a 52-week high of $14.94 and a 52-week low of $4.44, and without the specific current share price to calculate the exact percentage, the range highlights the significant volatility and recent trading distance from the yearly peak. The stock exhibits a beta of 0.60, which means its price volatility is approximately 40% lower than the broader market, making it a less volatile holding compared to the overall equity index.
Growth & Income
Revenue growth for the trailing twelve months stands at 21.9%, while earnings growth data is not available for this specific period. The absence of reported earnings growth figures prevents a direct comparison to revenue expansion, though the high revenue growth suggests strong demand for zinc products or successful operational scaling. Regarding income distribution, the company has a dividend yield of 1.2% with a payout ratio of 0.0%, indicating that despite the positive dividend yield figure provided, the company currently retains all earnings rather than distributing them as cash dividends to shareholders. This retention strategy implies that Nexa Resources S.A. prioritizes reinvesting its earnings into expanding its mining and smelting operations rather than paying out dividends, which is common for growth-oriented industrial companies with high capital needs. The overall growth and income profile reflects a company focused on capital appreciation through revenue expansion and operational efficiency, utilizing retained earnings to fuel future growth in the industrial metals sector.