QM · rank #11 · 2026-10-22
NDA
XETRA · EUR · $7.55B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +79.35% |
|---|---|
| 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 2026-09-22 | $171.10 |
| Anchor (far) Close on 2025-09-22 | $95.40 |
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 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 (0.79) is supported by a concrete fundamental catalyst — 31% YoY operating EBT growth, upper-end guidance reaffirmation, and the July 2026 commissioning of Complex Recycling Hamburg — making the momentum signal fundamentally anchored rather than purely sentiment-driven.
Material risks
- 1Richmond ramp-up failure or further delay is the single most thesis-breaking risk, as it would simultaneously impair the earnings trajectory underpinning the quality signal and consume cash at a time when working capital is already stretched by high metal prices.
- 2A reversal in copper prices or treatment charges could compress margins sharply given the thin 4.5% profit margin, potentially breaking the momentum signal before the recycling capacity expansion fully contributes earnings.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.