QM · rank #10 · 2026-07-20
NDA
XETRA · EUR · $8.51B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +144.80% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +17.1% |
| Profit margin Net profit margin, trailing 12 months. | +4.5% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $8.51B |
| Anchor (recent) Close on 2026-06-19 | $195.00 |
| Anchor (far) Close on 2025-06-20 | $79.66 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Aurubis is Europe's largest copper smelter and multi-metal recycler, converting copper concentrates and complex scrap into refined copper and by-product metals for global industrial customers.
Rationale
The momentum signal (1.45) is supported by a concrete fundamental catalyst — Q2 operating EBT up 15% sequentially, a raised full-year guidance reiterated at the July 2026 AGM, and growing recycling earnings — giving the price trend an earnings-revision backbone consistent with quality-momentum logic.
Material risks
- 1Treatment-charge and precious-metal price cyclicality can rapidly compress the profit margin (currently a thin 4.5%) and ROE, meaning the quality signal is fragile and highly dependent on commodity spread conditions that can reverse without warning.
- 2Technical delays in strategic smelter/recycling projects have already pressured free cash flow (still negative at -€63M in H1), risking a cash-flow disappointment that could break the momentum leg if guidance is subsequently trimmed.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.