Acerinox, S.A (0OIQ) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Acerinox, S.A €6.31, price €17.17, upside -63.3%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range €6.63 – €18.44 · fair‑value band €6.16 – €6.31 · the €17.17 price screens above the €6.31 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Acerinox, S.A., together with its subsidiaries, manufactures and distributes stainless steel and high-performance alloys in Spain, the United States, Africa, Asia, rest of Europe, and internationally. It operates through Stainless Steel and High-Performance Alloys segments.
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Acerinox, S.A., together with its subsidiaries, manufactures and distributes stainless steel and high-performance alloys in Spain, the United States, Africa, Asia, rest of Europe, and internationally. It operates through Stainless Steel and High-Performance Alloys segments. The company offers flat products, including slab, billet, black coil, plate, engraved coil/sheet, cold rolled coil and sheet, hot rolled coil and sheet, and circles; and stainless steel grades comprising austenitic, ferritic, duplex, and martensitic, as well as wire stainless steels for welding. It also provides long stainless steel products, such as wire, colour coated wire, reinforcement wire, wire rod, hexagonal wire rod, bar, hot rolled and cold rolled reinforcement bar, peeled bar, black bar, profiles, hot rolled reinforcement coil, and angles. In addition, the company offers high performance alloys, including nickel and nickel alloys, cobalt alloys, zirconium, special stainless steels, aluminum and copper, powder for 3D printing, and welding consumables. Its products are used for transport, industrial equipment and engineering, construction and infrastructure, food industry, household appliances and kitchenware, and energy and environmental technology applications. Acerinox, S.A. was incorporated in 1970 and is headquartered in Madrid, Spain.
Stock analysis
Acerinox, S.A (0OIQ) currently trades at €17.17, while our model-based Fair Value estimate is €6.31, 63.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €21.05 per share, and 7 of the 23 models we run sit above the €17.17 price.
Bear case: the Earnings-Based group reads lowest at €2.04, and 16 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: €6.16 (bear) to €6.31 (bull), the price of €17.17 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Acerinox, S.A reported revenue of €4.7B in FY2020 versus €4.0B in FY2016, a compound +4.1%/yr. Reported net income was €49.0M in FY2020, compounding −11.6%/yr from FY2016.
Key figures
Market cap €3.1B · P/S ratio 0.54 · Dividend yield 1.8% · Net margin 1.1% · Return on equity 1.6% · Return on assets (EBIT) 4.3% · Operating margin 7.8% · Revenue (TTM) €5.7B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 60% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at −63%, 0OIQ screens richer than that median.
Fair Value models
Bear €6.16Fair Value €6.31Bull €6.31
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−1.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.3%
’16
’17
’18
’19
’20
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
4.0% (2016) → 3.5% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 407 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside−66.4% · Bottom 25%
Profitability
Return on equity (TTM)1.6% · Below median
Return on assets2.1% · Above median
Net margin (TTM)1.0% · Below median
Operating margin (TTM)7.8% · Above median
Growth and dividend
Revenue growth5.2% · Below median
Dividend yield (TTM)1.8% · Below median
Balance sheet
Debt / equity0.90× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Acerinox, S.A Fair Value". https://www.fairvalue-calculator.com/stock/0OIQ
Frequently asked questions
Is Acerinox, S.A (0OIQ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €6.31 versus a price of €17.17, about −63% upside (overvalued).
What is the fair value of 0OIQ?
Our model-based fair value for Acerinox, S.A is €6.31 (as of Sep 24, 2026), built from audited fundamentals. The current price: €17.17.
What is the quality score of 0OIQ?
Acerinox, S.A has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Acerinox, S.A (0OIQ)?
Our model-based price target is the fair value of €6.31 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario €6.16, optimistic scenario €6.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Acerinox, S.A stock forecast for 2026?
Our models put fair value at €6.31, about −63% upside versus a price of €17.17 (overvalued). Cautious scenario €6.16, optimistic scenario €6.31. The calculation is refreshed regularly with new filings.
What is the revenue of Acerinox, S.A (0OIQ)?
Acerinox, S.A reported trailing-twelve-month revenue of about €5.7B (latest available figure, as of Sep 24, 2026).
Does Acerinox, S.A pay a dividend?
Acerinox, S.A currently shows a dividend yield of about 1.81% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Acerinox, S.A (0OIQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Acerinox, S.A it is €6.31 per share (as of Sep 24, 2026), against a price of €17.17. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Acerinox, S.A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0OIQ trades above its calculated fair value: price €17.17, fair value €6.31, a gap of about −63% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0OIQ?
No. The price is what the market pays today (€17.17); the fair value is what the company's own numbers justify (€6.31). For Acerinox, S.A the two are €10.86 per share apart. That gap is exactly why we show both numbers side by side.
How much is Acerinox, S.A worth?
The market values Acerinox, S.A at about €3.1B (market capitalisation, as of Sep 24, 2026). Per share that is €17.17; our models calculate a fair value of €6.31 per share.
What do the bullish and bearish scenarios say about 0OIQ?
Our models span a range for Acerinox, S.A: cautious scenario €6.16, base €6.31, optimistic €6.31 per share (as of Sep 24, 2026, price €17.17). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Acerinox, S.A (0OIQ)?
Balance-sheet figures for Acerinox, S.A (as of Sep 24, 2026): return on equity 1.6%, debt of 0.90 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 0OIQ from its 52-week high?
Acerinox, S.A trades at €17.17, about 7% below its 52-week high of €18.44 and 60% above the low of €10.74 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €6.31 is for.
Which stocks are comparable to Acerinox, S.A?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Acerinox, S.A stock attractive at the current price?
The data as of Sep 24, 2026: price €17.17, calculated fair value €6.31 (−63%), Quality Score 59/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0OIQ calculated?
We run Acerinox, S.A through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €6.31, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Acerinox, S.A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Acerinox, S.A (0OIQ)?
The closing price on Oct 2, 2026 was €17.17. Our model-based fair value is €6.31, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Acerinox, S.A right now?
The price sits above even our optimistic bull case (€6.31). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (€6.16 to €6.31), unusually little disagreement for a valuation.
Key figures of Acerinox, S.A
How large is the market capitalisation of Acerinox, S.A (0OIQ)?
The market capitalisation of Acerinox, S.A is €3.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Acerinox, S.A (0OIQ)?
The price-to-sales ratio of Acerinox, S.A is 0.54 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Acerinox, S.A (0OIQ)?
The dividend yield of Acerinox, S.A is 1.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Acerinox, S.A (0OIQ)?
The net margin of Acerinox, S.A is 1.1% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Acerinox, S.A (0OIQ)?
The return on equity (ROE) of Acerinox, S.A is 1.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Acerinox, S.A (0OIQ)?
On an EBIT basis the return on assets of Acerinox, S.A is 4.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Acerinox, S.A (0OIQ)?
The operating margin of Acerinox, S.A is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Acerinox, S.A (0OIQ)?
Revenue at Acerinox, S.A is growing +5.2% versus a year earlier (3y avg +0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Acerinox, S.A (0OIQ)?
Earnings per share at Acerinox, S.A are growing −50.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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