Is Nexa Resources Stock a Good Investment?
Nexa Resources Investment Advice | NEXA |
- Examine Nexa Resources' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Nexa Resources' leadership team and their track record. Good management can help Nexa Resources navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Diversified Metals & Mining space and any emerging trends that could impact Nexa Resources' business and its evolving consumer preferences.
- Compare Nexa Resources' performance and market position to its competitors. Analyze how Nexa Resources is positioned in terms of product offerings, innovation, and market share.
- Check if Nexa Resources pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Nexa Resources' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Nexa Resources SA stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Nexa Resources SA is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Good | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Nexa Resources Stock
Researching Nexa Resources' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 66.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.03. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nexa Resources SA recorded a loss per share of 1.49. The entity last dividend was issued on the 9th of March 2023.
To determine if Nexa Resources is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Nexa Resources' research are outlined below:
| The company reported the previous year's revenue of 2.57 B. Net Loss for the year was (289.35 M) with profit before overhead, payroll, taxes, and interest of 638.81 M. | |
| About 66.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from zacks.com: Nexa Resources Sells Pukaqaqa Project to Improve Cash Flow Returns |
Nexa Resources Quarterly Good Will |
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Nexa Resources uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Nexa Resources SA. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Nexa Resources' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Nexa Resources' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Nexa Resources' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-10-31 | 2019-09-30 | -0.05 | -0.06 | -0.01 | 20 | ||
2018-10-31 | 2018-09-30 | 0.07 | 0.06 | -0.01 | 14 | ||
2019-07-31 | 2019-06-30 | 0.17 | 0.15 | -0.02 | 11 | ||
2024-10-31 | 2024-09-30 | 0.12 | 0.09 | -0.03 | 25 | ||
2020-05-11 | 2020-03-31 | -0.24 | -0.28 | -0.04 | 16 | ||
2021-04-29 | 2021-03-31 | 0.24 | 0.17 | -0.07 | 29 | ||
2019-02-15 | 2018-12-31 | 0.17 | 0.08 | -0.09 | 52 | ||
2021-02-11 | 2020-12-31 | 0.49 | 0.38 | -0.11 | 22 |
Know Nexa Resources' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Nexa Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Nexa Resources SA backward and forwards among themselves. Nexa Resources' institutional investor refers to the entity that pools money to purchase Nexa Resources' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Group One Trading, Lp | 2024-06-30 | 5 K | Tower Research Capital Llc | 2024-06-30 | 2.7 K | Qube Research & Technologies | 2024-06-30 | 2 K | Investors Research Corporation | 2024-06-30 | 2 K | Barclays Plc | 2024-06-30 | 1.4 K | Advisor Group Holdings, Inc. | 2024-06-30 | 1.3 K | Legal & General Group Plc | 2024-06-30 | 933 | Ubs Group Ag | 2024-06-30 | 924 | Royal Bank Of Canada | 2024-06-30 | 770 | Dimensional Fund Advisors, Inc. | 2024-09-30 | 621.2 K | Renaissance Technologies Corp | 2024-09-30 | 353.2 K |
Nexa Resources' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.01 B.Market Cap |
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Nexa Resources' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.07) | (0.07) | |
| Return On Capital Employed | (0.04) | (0.04) | |
| Return On Assets | (0.06) | (0.06) | |
| Return On Equity | (0.24) | (0.23) |
Determining Nexa Resources' profitability involves analyzing its financial statements and using various financial metrics to determine if Nexa Resources is a good buy. For example, gross profit margin measures Nexa Resources' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Nexa Resources' profitability and make more informed investment decisions.
Please note, the presentation of Nexa Resources' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nexa Resources' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Nexa Resources' management manipulating its earnings.
Evaluate Nexa Resources' management efficiency
Nexa Resources SA has return on total asset (ROA) of 0.0215 % which means that it generated a profit of $0.0215 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1298) %, meaning that it created substantial loss on money invested by shareholders. Nexa Resources' management efficiency ratios could be used to measure how well Nexa Resources manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to -0.07. The current year's Return On Capital Employed is expected to grow to -0.04. At present, Nexa Resources' Net Tangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 1.2 B, whereas Total Assets are forecasted to decline to about 4.4 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 11.00 | 10.45 | |
| Tangible Book Value Per Share | 4.13 | 3.93 | |
| Enterprise Value Over EBITDA | 11.69 | 12.27 | |
| Price Book Value Ratio | 0.79 | 0.81 | |
| Enterprise Value Multiple | 11.69 | 12.27 | |
| Price Fair Value | 0.79 | 0.81 | |
| Enterprise Value | 1.8 B | 1.6 B |
The management strategies employed by Nexa Resources' are designed to enhance shareholder value and ensure long-term growth. We assess the effectiveness of these strategies in our stock analysis.
Beta 1.545 |
Basic technical analysis of Nexa Stock
As of the 30th of November, Nexa Resources secures the Risk Adjusted Performance of 0.124, mean deviation of 1.67, and Downside Deviation of 1.92. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nexa Resources SA, as well as the relationship between them.Nexa Resources' Outstanding Corporate Bonds
Nexa Resources issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Nexa Resources SA uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Nexa bonds can be classified according to their maturity, which is the date when Nexa Resources SA has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Nexa Resources' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Nexa Resources' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.124 | |||
| Market Risk Adjusted Performance | 2.55 | |||
| Mean Deviation | 1.67 | |||
| Semi Deviation | 1.59 | |||
| Downside Deviation | 1.92 | |||
| Coefficient Of Variation | 649.11 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.22 | |||
| Information Ratio | 0.0871 | |||
| Jensen Alpha | 0.2912 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0931 | |||
| Treynor Ratio | 2.54 | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.58 | |||
| Downside Variance | 3.7 | |||
| Semi Variance | 2.53 | |||
| Expected Short fall | (1.87) | |||
| Skewness | 0.1329 | |||
| Kurtosis | (0.63) |
| Risk Adjusted Performance | 0.124 | |||
| Market Risk Adjusted Performance | 2.55 | |||
| Mean Deviation | 1.67 | |||
| Semi Deviation | 1.59 | |||
| Downside Deviation | 1.92 | |||
| Coefficient Of Variation | 649.11 | |||
| Standard Deviation | 2.06 | |||
| Variance | 4.22 | |||
| Information Ratio | 0.0871 | |||
| Jensen Alpha | 0.2912 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0931 | |||
| Treynor Ratio | 2.54 | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.58 | |||
| Downside Variance | 3.7 | |||
| Semi Variance | 2.53 | |||
| Expected Short fall | (1.87) | |||
| Skewness | 0.1329 | |||
| Kurtosis | (0.63) |
Consider Nexa Resources' intraday indicators
Nexa Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Nexa Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Nexa Resources Corporate Filings
6K | 22nd of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 18th of September 2024 Other Reports | ViewVerify |
Nexa Stock media impact
Far too much social signal, news, headlines, and media speculation about Nexa Resources that are available to investors today. That information is available publicly through Nexa media outlets and privately through word of mouth or via Nexa internal channels. However, regardless of the origin, that massive amount of Nexa data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Nexa Resources news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Nexa Resources relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Nexa Resources' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Nexa Resources alpha.
Nexa Resources Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Nexa Resources can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Nexa Resources Corporate Management
| Valdecir Botassini | Senior Vice President Project Development & Execution | Profile | |
| Diego Cabrera | Director | Profile | |
| Leonardo Coelho | Senior Vice President - Mining | Profile | |
| Edward Ruiz | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexa Resources SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nexa Resources. If investors know Nexa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nexa Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.49) | Revenue Per Share 20.05 | Quarterly Revenue Growth 0.093 | Return On Assets 0.0215 | Return On Equity (0.13) |
The market value of Nexa Resources SA is measured differently than its book value, which is the value of Nexa that is recorded on the company's balance sheet. Investors also form their own opinion of Nexa Resources' value that differs from its market value or its book value, called intrinsic value, which is Nexa Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nexa Resources' market value can be influenced by many factors that don't directly affect Nexa Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Nexa Resources' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Nexa Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexa Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.