Acerinox (ACX) Stock Price, Fundamentals & Analysis

What ACX does

Acerinox (ACX) is a steel company listed on the Bolsa de Madrid. It manufactures and distributes stainless steel and high-performance alloys through two segments: Stainless Steel and High-Performance Alloys. The company produces flat products such as slab, plate, and coil, as well as long products like wire, bars, and profiles. It also supplies high-performance alloys including nickel alloys, cobalt alloys, zirconium, and powder for 3D printing. Acerinox operates in Spain, the United States, Africa, Asia, and the rest of Europe.

Key numbers explained

• 17.42 EUR is the current share price.
• The trailing P/E ratio of 79.2 divides the current price by the last twelve months of earnings (0.22 EUR); a high number can mean the market expects strong future growth.
• The forward P/E ratio of 11.1 uses expected future earnings and is often compared to the trailing P/E to see whether the market is pricing in growth.
• The dividend yield of 3.56% shows the annual dividend as a percentage of the share price; the ex-dividend date is Jul 15, 2026.
• Acerinox pays out 282% of its earnings as dividends, meaning dividends exceed reported earnings.
• Beta of 1.09 indicates the share price tends to move slightly more than the overall market.
• The 52-week range is 10.99 – 18.58 EUR, and the price is up 53.8% over that period.
• Revenue of 5.7 mld. EUR and revenue growth of 5.2% show the top-line scale and pace of top-line expansion.
• Profit margin of 0.9% and operating margin of 7.8% show how much of each euro of revenue turns into net profit and operating profit.
• Return on equity of 1.5% measures how much profit the company generates from shareholders' equity.
• The debt-to-equity ratio of 107.6% means debt is slightly above equity, which is a common way to gauge financial leverage.
• Price-to-book of 2.05 compares the share price to the company's book value per share.
• The next earnings date is Oct 30, 2026.

What to watch

Acerinox is part of the Basic Materials sector and the Steel industry, which are sensitive to global construction, manufacturing, and commodity prices. The company competes with peers such as ArcelorMittal (MTS) and Boliden (BOL). Investors often watch raw material costs, energy prices, and global demand cycles when evaluating steel producers. The high trailing P/E relative to the forward P/E suggests the market is pricing in a meaningful shift in earnings, which is worth tracking around the Oct 30, 2026 earnings release.