QM · rank #10 · 2026-10-21
NDA
XETRA · EUR · $7.55B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +78.34% |
|---|---|
| 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). | $7.55B |
| Anchor (recent) Close on 2026-09-21 | $168.90 |
| Anchor (far) Close on 2025-09-19 | $94.71 |
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 the world's largest copper recycler operating an integrated network of smelters, refineries, and recycling facilities producing copper, precious metals, and specialty non-ferrous products.
Rationale
Strong 12-1 momentum (0.78) is reinforced by a concrete fundamental catalyst — 31% YoY operating EBT growth, guidance raised to the upper end of €425–525M, and the July 2026 commissioning of Complex Recycling Hamburg expanding high-margin multimetal throughput.
Material risks
- 1Richmond ramp-up failure or further delay would directly impair the earnings trajectory underpinning both the ROE (0.18) and the momentum signal, converting a growth story into a cash-burn narrative at the worst time given negative nine-month free cash flow.
- 2Treatment-charge and European copper-premium compression — both structurally under pressure from smelter overcapacity — could erode operating EBT even if volumes hold, undermining the quality leg of the thesis without any single-event trigger.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.