QM · rank #17 · 2026-10-27
NDA
XETRA · EUR · $6.38B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +64.63% |
|---|---|
| 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). | $6.38B |
| Anchor (recent) Close on 2026-09-25 | $167.90 |
| Anchor (far) Close on 2025-09-26 | $101.98 |
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 smelting, refining, and multimetal-recovery network across Hamburg, Lünen, Pirdop, and Richmond with a growing focus on complex secondary feed processing.
Rationale
The 0.65 twelve-month momentum signal is reinforced by concrete fundamental delivery — 31% YoY operating EBT growth, reaffirmed upper-end EBITDA guidance of €700–800M, a 30-year Prysmian supply extension, and management continuity — making the quality-momentum pairing credible rather than purely sentiment-driven.
Material risks
- 1Negative nine-month free cash flow of -€28M against €322M investment outflow ties the thesis to simultaneous execution across three capital projects (Pirdop tankhouse, Richmond, Hamburg preprocessing), any one of which slipping could force a guidance cut and break the momentum leg.
- 2Treatment and refining charge compression — Aurubis earns on the spread between concentrate/scrap input costs and refined metal output, so a sustained TC/RC downturn or scrap tightness can erode the 4.5% profit margin even as copper prices and revenue rise.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.