NEXA Basic Materials

Nexa Resources S.A.

$11.43+0.00%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Country: Luxembourg
Market cap: 1.5B USD
Enterprise value: 2.8B USD

Overall health

Strength: more profitable than most peersmore profitable than peers
Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.94 vs a peer median of 0.69), though less than the overall market, less short-term liquidity (current ratio 0.87 vs a peer median of 1.76) and more debt relative to equity (1.70× vs a peer median of 0.36×)higher risk: bigger price swings (beta 0.94 vs peers 0.69), less liquidity (current ratio 0.87 vs peers 1.76) and more debt vs equity (1.70× vs peers 0.36×)

Ranks #341 of 1,217 basic materials companies (top 29%)

See how it ranks against its peers

Worth knowing

Returning more cash than it generates. Paid out $74M vs $52M of free cash flow over the 3 fiscal years to 2025.
Nexa Resources returned $74M to shareholders over three years, 143% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Profit isn't fully turning into cash. Free cash flow is only 9.9% of reported profit.
Free cash flow is only 9.9% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Much more borrowing than peers. Debt is 1.7× equity vs a peer median of 0.4×.Debt is 1.7× equity vs peers 0.4×.
Debt is 1.7× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 1.7× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Nexa Resources made a profit per share in its latest year after a loss the year before.

StockQuotient Score

63/ 100

Oct 5 62 → Nov 4 63 (+1)

Valuation

Is the price right?

90/100

Strong

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ EBITDA yield
▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield8.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value30% base weight · Z-score 1.40Sector median: 0.0364 · MAD: 0.0364

EBITDA yield28.3%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 3.80Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield0.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.67Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield66.3%

SEC filings (IFRS mapped) · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

83/100

Strong

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 8.5%

Why

Stronger than most peers on:

▲ EPS growth
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a loss to a profit33% base weight · Z-score 4.93Sector median: 0.0941 · MAD: 0.3300

3-year revenue growth-0.4%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score -0.04Sector median: -0.0005 · MAD: 0.0725

Revenue growth8.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.54Sector median: 0.0335 · MAD: 0.0952

Profitability

Does it earn well?

74/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

Turned profitable over the last 12 months
Operating margin rose 6.6 points to 16.6%

Why

Stronger than most peers on:

▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin16.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 1.46Sector median: 0.0757 · MAD: 0.0617

Return on assets2.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.01Sector median: 0.0249 · MAD: 0.0265

Return on invested capital17.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 1.95Sector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin23.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity13.2%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.94

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.85Sector median: 0.6950 · MAD: 0.2810

Current ratio0.87×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -1.32Sector median: 1.7610 · MAD: 0.6770

Debt / equity1.70×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -4.59Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Nexa Resources

Is Nexa Resources getting weaker?: Its latest SEC filing (Mar 26, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 6.6 points to 16.6%. Its overall score is unchanged at 63/100 since Oct 28, 2026.
How is Nexa Resources valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 90/100 against 1,371 basic materials peers. EBITDA yield 28.3% vs a peer median of 8.5% (stronger than 95% of peers).EBITDA yield 28.3% vs peers 8.5% (stronger than 95% of peers).
Is Nexa Resources growing?: Yes, faster than most of its peers. Growth scores 83/100 against 1,371 basic materials peers. Revenue growth 8.5% vs a peer median of 3.4% (stronger than 64% of peers).Revenue growth 8.5% vs peers 3.4% (stronger than 64% of peers).
How profitable is Nexa Resources?: More profitable than most of its peers. Profitability scores 74/100 against 1,371 basic materials peers. Return on invested capital 17.9% vs a peer median of 6.7% (stronger than 82% of peers).Return on invested capital 17.9% vs peers 6.7% (stronger than 82% of peers).
How risky is Nexa Resources?: Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity 1.70× vs a peer median of 0.36× (weaker than 94% of peers).Debt / equity 1.70× vs peers 0.36× (weaker than 94% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 26, 2026 · compared with the year ended Dec 31, 2024

Got stronger

Turned profitable over the last 12 months
Operating margin rose 6.6 points to 16.6%

	Previous year	Latest year	Change
Revenue (12 months)	2.8B USD	3.0B USD	+8.5%
Net income (12 months)	−205.0M USD	132.6M USD	turned positive
Operating margin	10.0%	16.6%	+6.6 pts
Free cash flow (12 months)	90.7M USD	13.1M USD	−85.6%
Debt	1.8B USD	1.7B USD	−3.2%
Cash	620.5M USD	515.9M USD	−16.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	24.1%	21.1%	11.6%	19.4%	23.7%	▲ 4.3 pts
Operating margin	17.0%	11.9%	-5.9%	10.0%	16.6%	▲ 6.6 pts
Net margin	4.4%	1.6%	-11.3%	-7.4%	4.4%	▲ 12 pts
Return on assets (ROA)	2.3%	1.0%	-6.0%	-4.4%	2.5%	▲ 6.9 pts
Return on equity (ROE)	8.2%	3.4%	-24.4%	-25.2%	13.2%	▲ 38 pts
Free cash flow margin	0.3%	-3.7%	-2.1%	3.3%	0.4%	▼ 2.9 pts
Current ratio	1.49×	1.36×	0.97×	1.05×	0.87×	▼ 18%
Quick ratio	1.11×	0.92×	0.66×	0.77×	0.58×	▼ 24%
Debt to equity	1.23×	1.16×	1.44×	2.17×	1.70×	▼ 21%
Interest coverage	3.14×	2.13×	-0.71×	1.12×	1.62×	▲ 45%

NEXA price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Sylvania Platinum LimitedSLP.L97/ 100

Serabi Gold plcSRB.L95/ 100

Wesdome Gold Mines Ltd.WDO.TO95/ 100

Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.94 vs a peer median of 0.69), though less than the overall market, less short-term liquidity (current ratio 0.87 vs a peer median of 1.76) and more debt relative to equity (1.70× vs a peer median of 0.36×)higher risk: bigger price swings (beta 0.94 vs peers 0.69), less liquidity (current ratio 0.87 vs peers 1.76) and more debt vs equity (1.70× vs peers 0.36×)

Ranks #341 of 1,217 basic materials companies (top 29%)

See how it ranks against its peers

Worth knowing

Returning more cash than it generates. Paid out $74M vs $52M of free cash flow over the 3 fiscal years to 2025.

Nexa Resources returned $74M to shareholders over three years, 143% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.

Profit isn't fully turning into cash. Free cash flow is only 9.9% of reported profit.

Free cash flow is only 9.9% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.

Much more borrowing than peers. Debt is 1.7× equity vs a peer median of 0.4×.Debt is 1.7× equity vs peers 0.4×.

Debt is 1.7× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 1.7× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

Nexa Resources made a profit per share in its latest year after a loss the year before.

Questions investors ask about Nexa Resources

Is Nexa Resources getting weaker?

Its latest SEC filing (Mar 26, 2026) got stronger: turned profitable over the last 12 months; operating margin rose 6.6 points to 16.6%. Its overall score is unchanged at 63/100 since Oct 28, 2026.

How is Nexa Resources valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 90/100 against 1,371 basic materials peers. EBITDA yield 28.3% vs a peer median of 8.5% (stronger than 95% of peers).EBITDA yield 28.3% vs peers 8.5% (stronger than 95% of peers).

Is Nexa Resources growing?

Yes, faster than most of its peers. Growth scores 83/100 against 1,371 basic materials peers. Revenue growth 8.5% vs a peer median of 3.4% (stronger than 64% of peers).Revenue growth 8.5% vs peers 3.4% (stronger than 64% of peers).

How profitable is Nexa Resources?

More profitable than most of its peers. Profitability scores 74/100 against 1,371 basic materials peers. Return on invested capital 17.9% vs a peer median of 6.7% (stronger than 82% of peers).Return on invested capital 17.9% vs peers 6.7% (stronger than 82% of peers).

How risky is Nexa Resources?

Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity 1.70× vs a peer median of 0.36× (weaker than 94% of peers).Debt / equity 1.70× vs peers 0.36× (weaker than 94% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

2.8B USD

3.0B USD

+8.5%

Net income (12 months)

−205.0M USD

132.6M USD

turned positive

Operating margin

10.0%

16.6%

+6.6 pts

Free cash flow (12 months)

90.7M USD

13.1M USD

−85.6%

Debt

1.8B USD

1.7B USD

−3.2%

Cash

620.5M USD

515.9M USD

−16.9%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

24.1%

21.1%

11.6%

19.4%

23.7%

▲ 4.3 pts

Operating margin

17.0%

11.9%

-5.9%

10.0%

16.6%

▲ 6.6 pts

Net margin

4.4%

1.6%

-11.3%

-7.4%

4.4%

▲ 12 pts

Return on assets (ROA)

2.3%

1.0%

-6.0%

-4.4%

2.5%

▲ 6.9 pts

Return on equity (ROE)

8.2%

3.4%

-24.4%

-25.2%

13.2%

▲ 38 pts

Free cash flow margin

0.3%

-3.7%

-2.1%

3.3%

0.4%

▼ 2.9 pts

Current ratio

1.49×

1.36×

0.97×

1.05×

0.87×

▼ 18%

Quick ratio

1.11×

0.92×

0.66×

0.77×

0.58×

▼ 24%

Debt to equity

1.23×

1.16×

1.44×

2.17×

1.70×

▼ 21%

Interest coverage

3.14×

2.13×

-0.71×

1.12×

1.62×

▲ 45%