QM · rank #6 · 2026-09-04
NDA
XETRA · EUR · $8.97B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +112.06% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +18.3% |
| Profit margin Net profit margin, trailing 12 months. | +4.5% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $8.97B |
| Anchor (recent) Close on 2026-08-05 | $191.70 |
| Anchor (far) Close on 2025-08-05 | $90.40 |
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 AG (NDA) is Europe's largest copper recycler and smelter, processing copper concentrates and scrap into refined copper and specialty metals for industrial end markets.
Rationale
Accelerating quarterly EBT progression (€105M → €121M → €149M) with a 31% YoY nine-month gain directly validates the momentum_12_1 signal of 1.12, while an 18.3% ROE confirms the quality screen is anchored in genuine earnings power rather than multiple expansion.
Material risks
- 1Investor disappointment that guidance was not raised more aggressively despite the Q3 beat suggests the market may already be pricing in the upper end of the €375–475M range, compressing the remaining upside that the momentum signal is chasing.
- 2Aurubis is structurally exposed to copper TC/RC spread compression and scrap premium volatility — a sudden reversal in either could break the earnings trajectory that underpins both the quality and momentum legs of the thesis.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.