QM · rank #10 · 2026-10-23
NDA
XETRA · EUR · $7.55B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +73.22% |
|---|---|
| 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 2026-09-23 | $168.00 |
| Anchor (far) Close on 2025-09-23 | $96.98 |
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 smelter and refining network that converts copper concentrates and complex secondary materials into copper, precious metals, and specialty chemicals.
Rationale
The 73% 12-1 momentum signal 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 — giving the momentum a quality earnings driver rather than pure sentiment rotation.
Material risks
- 1Richmond ramp-up failure or further delay is the single most thesis-breaking risk, as it would simultaneously impair the recycling earnings growth story underpinning the ROE trajectory and consume cash at a time when net cash flow is already negative.
- 2Treatment-charge and European copper-premium compression could rapidly erode the thin 4.5% profit margin, as Aurubis has limited pricing power over smelting spreads and high metal prices simultaneously inflate working-capital requirements.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.