QM · rank #8 · 2026-09-09
NDA
XETRA · EUR · $8.89B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +83.42% |
|---|---|
| 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). | $8.89B |
| Anchor (recent) Close on 2026-08-10 | $173.80 |
| Anchor (far) Close on 2025-08-08 | $94.76 |
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 (NDA) is Europe's largest copper producer and recycler, operating an integrated multimetal smelter network across Hamburg, Bulgaria, and Richmond, US, with a globally unique complex recycling capability.
Rationale
Strong 12-1 momentum (0.83) is reinforced by a concrete operational catalyst—the CRH inauguration, Richmond ramp-up, and guidance lifted to the upper end—while an 18% ROE signals the quality screen is capturing genuine capital efficiency rather than cyclical noise.
Material risks
- 1Treatment and refining charge compression already dented Q1 EBT year-over-year, and if TC/RC rates remain structurally depressed as concentrate markets tighten, the earnings recovery underpinning the momentum signal could stall before the expansion capex pays back.
- 2Simultaneous ramp-up of CRH Hamburg, Richmond multimetal smelter, and Bulgarian tankhouse expansion creates concentrated execution risk; cost overruns or delayed utilization at any site could reverse the 9M EBT momentum that drove the guidance upgrade.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.