QM · rank #13 · 2026-07-27
NDA
XETRA · EUR · $8.49B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +110.55% |
|---|---|
| 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). | $8.49B |
| Anchor (recent) Close on 2026-06-26 | $184.60 |
| Anchor (far) Close on 2025-06-27 | $87.68 |
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 a leading European copper smelter and one of the world's largest multi-metal recyclers, generating ~€11.3 billion in semi-annual revenues across custom smelting and recycling segments.
Rationale
The momentum signal (1.11) is reinforced by a concrete fundamental catalyst — raised FY guidance, sequential EBT growth of 15%, and €1.7B capex program nearing completion — while ROE of 17% and positive margin confirm the quality screen is not a value trap.
Material risks
- 1Earnings are heavily metal-price-driven, meaning the momentum signal could reverse sharply if copper and precious metal prices correct, stripping out the revenue growth that underpins the quality metrics.
- 2Still-negative free cash flow before dividend (-€63M) and declining ROCE (8.1% vs. 10.2%) signal that the CRH/Richmond/Pirdop ramp-up has yet to convert capex into returns, creating execution drag on the quality thesis.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.