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Nexa Resources S.A. (NEXA) 10-Year Financial Performance & Capital Metrics

NEXA • • Industrial / General
Basic MaterialsIndustrial MaterialsBase & Industrial MetalsCopper & Zinc Producers
AboutNexa Resources S.A., together with its subsidiaries, engages in the zinc mining and smelting business. The company also produces zinc, silver, gold, copper cement, lead, sulfuric acid, sulfur dioxide, copper sulfate, and limestone deposits. It owns and operates five underground polymetallic mines, including three located in the Central Andes of Peru; and two located in the State of Minas Gerais in Brazil. The company also develops the Aripuanã project located in Mato Grosso, Brazil. It exports its products. The company was formerly known as VM Holding S.A. and changed its name to Nexa Resources S.A. in September 2017. The company was founded in 1956 and is based in Luxembourg, Luxembourg. Nexa Resources S.A. is a subsidiary of Votorantim S.A.Show more
  • Revenue $2.77B +7.5%
  • EBITDA $621M +293.0%
  • Net Income -$205M +29.8%
  • EPS (Diluted) -1.55 +28.9%
  • Gross Margin 19.45% +67.5%
  • EBITDA Margin 22.43% +265.5%
  • Operating Margin 9.99% +268.5%
  • Net Margin -7.41% +34.7%
  • ROE -16.29% +11.6%
  • ROIC 8.24% +302.3%
  • Debt/Equity 1.75 +47.2%
  • Interest Coverage 1.31 +259.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓Momentum leader: RS Rating 94 (top 6%)
  • ✓Trading near 52-week high
  • ✓Trading at only 1.5x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.71%
5Y3.47%
3Y1.8%
TTM6.41%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM91.86%

EPS CAGR

10Y-
5Y-
3Y-
TTM91.89%

ROCE

10Y Avg3.24%
5Y Avg2.98%
3Y Avg4.27%
Latest7.62%

Peer Comparison

Copper & Zinc Producers
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NEXANexa Resources S.A.1.58B11.94-7.707.51%-0.57%-1.29%5.74%1.75
XPLSolitario Zinc Corp.66.36M0.73-11.01-19.9%0.00
NAKNorthern Dynasty Minerals Ltd.1.12B2.02-30.06-131.85%0.04
WRNWestern Copper and Gold Corporation682.95M3.38-91.85-1.85%0.00
TMQTrilogy Metals Inc.968.2M5.66-108.43-1151.79%-7.14%0.00

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.87B1.91B2.45B2.49B2.33B1.95B2.62B3.03B2.57B2.77B
Revenue Growth %-0.12%0.03%0.28%0.02%-0.06%-0.16%0.34%0.16%-0.15%0.08%
Cost of Goods Sold+1.46B1.39B1.68B1.89B1.95B1.58B1.99B2.39B2.27B2.23B
COGS % of Revenue0.78%0.73%0.69%0.76%0.84%0.81%0.76%0.79%0.88%0.81%
Gross Profit+401.89M525.74M768.28M602.26M384.89M374.77M633.09M640.05M298.88M538.07M
Gross Margin %0.22%0.27%0.31%0.24%0.16%0.19%0.24%0.21%0.12%0.19%
Gross Profit Growth %-0.23%0.31%0.46%-0.22%-0.36%-0.03%0.69%0.01%-0.53%0.8%
Operating Expenses+199.81M310.86M248.29M265.97M495.91M773.25M186.9M279.16M451.44M261.69M
OpEx % of Revenue0.11%0.16%0.1%0.11%0.21%0.4%0.07%0.09%0.18%0.09%
Selling, General & Admin190.86M217.95M237.48M159.6M216.51M139.39M129.54M140.88M122.57M119.95M
SG&A % of Revenue0.1%0.11%0.1%0.06%0.09%0.07%0.05%0.05%0.05%0.04%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses-33.18M-51.83M-103.52M-6.44M279.4M633.86M57.36M138.27M328.86M141.73M
Operating Income+163.93M129.97M401.58M334.55M-111.03M-398.48M446.19M360.9M-152.56M276.39M
Operating Margin %0.09%0.07%0.16%0.13%-0.05%-0.2%0.17%0.12%-0.06%0.1%
Operating Income Growth %-0.05%-0.21%2.09%-0.17%-1.33%-2.59%2.12%-0.19%-1.42%2.81%
EBITDA+459.19M482.57M683.1M602.3M206.87M-154.56M704.9M653.04M157.91M620.57M
EBITDA Margin %0.25%0.25%0.28%0.24%0.09%-0.08%0.27%0.22%0.06%0.22%
EBITDA Growth %-0.07%0.05%0.42%-0.12%-0.66%-1.75%5.56%-0.07%-0.76%2.93%
D&A (Non-Cash Add-back)295.26M352.61M281.52M267.75M317.89M243.93M258.71M292.14M310.48M344.18M
EBIT-145.18M259.43M368.09M246.26M-127.7M-548.76M438.97M380.01M-105.05M264.31M
Net Interest Income+-51.49M-57.45M-97.69M-51.62M-86.34M-137.13M-111.42M-151.78M-179.21M-198.34M
Interest Income7.09M10.09M3.63M26.03M5.5M8.15M7.45M16.91M6.13M11.85M
Interest Expense33.07M36.34M64.62M84.94M95.44M145.28M117.14M168.69M185.33M210.55M
Other Income/Expense-354.21M64.43M-125.97M-202.65M-104.85M-278.18M-136.9M-132.93M-143.52M-348.24M
Pretax Income+-178.26M208.89M271.46M131.9M-215.88M-676.66M309.29M227.97M-296.08M-71.85M
Pretax Margin %-0.1%0.11%0.11%0.05%-0.09%-0.35%0.12%0.08%-0.12%-0.03%
Income Tax+-38.78M98.38M106.19M40.92M-58.36M-24.15M153.2M150.98M-4.27M115.56M
Effective Tax Rate %0.73%0.45%0.47%0.57%0.67%0.83%0.37%0.22%0.99%2.85%
Net Income+-129.46M93.17M126.89M74.86M-145.13M-559.25M114.33M49.7M-291.97M-205.03M
Net Margin %-0.07%0.05%0.05%0.03%-0.06%-0.29%0.04%0.02%-0.11%-0.07%
Net Income Growth %-2.83%1.72%0.36%-0.41%-2.94%-2.85%1.2%-0.57%-6.88%0.3%
Net Income (Continuing)-139.48M110.67M165.26M90.98M-157.52M-652.51M156.09M76.99M-291.81M-187.41M
Discontinued Operations-62K000000000
Minority Interest943.1M476.34M422.07M425.21M372.61M243.8M258.01M268.01M254.71M246.36M
EPS (Diluted)+-1.150.831.420.56-1.20-4.931.180.58-2.18-1.55
EPS Growth %-2.83%1.72%0.71%-0.61%-3.14%-3.11%1.24%-0.51%-4.76%0.29%
EPS (Basic)-1.150.831.420.56-1.20-4.931.180.58-2.18-1.55
Diluted Shares Outstanding112.82M112.82M116.53M133.31M132.62M132.44M132.44M132.44M132.44M132.44M
Basic Shares Outstanding112.82M112.82M116.53M133.31M132.62M132.44M132.44M132.44M132.44M132.44M
Dividend Payout Ratio-0.64%-0.05%--0.46%1.38%--

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.17B1.59B1.84B1.7B1.38B1.73B1.47B1.22B1.06B1.21B
Cash & Short-Term Investments679.27M1.03B1.23B1.12B757.04M1.12B763.02M515.89M468.32M640.23M
Cash Only621.41M915.58M1.02B1.03B698.62M1.09B743.82M497.83M457.26M620.54M
Short-Term Investments57.86M116.96M206.16M91.88M58.42M35.04M19.2M18.06M11.06M19.69M
Accounts Receivable170.14M223.06M182.71M173.2M215.08M241.99M239.88M226.19M157.1M148.37M
Days Sales Outstanding33.2942.5627.2325.3833.6545.2733.3927.2122.2819.58
Inventory230.58M291.77M324.88M269.7M295.26M256.52M372.5M395.2M339.67M325.2M
Days Inventory Outstanding57.5276.7870.5352.1255.3359.468.3660.2654.5153.27
Other Current Assets89.3M44.71M106.12M130.24M107.97M107.47M97.41M82.87M94.73M93.47M
Total Non-Current Assets+4.49B4.57B4.12B4.04B4.09B3.34B3.43B3.67B3.78B3.43B
Property, Plant & Equipment1.88B3.18B3.13B3.02B2.15B2.57B2.71B2.95B2.45B2.18B
Fixed Asset Turnover0.99x0.60x0.78x0.83x1.08x0.76x0.97x1.03x1.05x1.27x
Goodwill674.77M675.56M673.29M674.8M674.64M406.43M406.23M344.57M307.11M305.4M
Intangible Assets1.29B23.88M20.43M18.62M863.88M21.1M38.27M24.94M22.62M529.29M
Long-Term Investments1.89M2.86M701K638K21.7M28.76M3.72M46.1M50.64M34.58M
Other Non-Current Assets433.6M462.7M78.17M124.73M138.81M93.13M102.91M139.45M715.4M141.27M
Total Assets+5.66B6.16B5.96B5.74B5.47B5.06B4.9B4.89B4.84B4.64B
Asset Turnover0.33x0.31x0.41x0.43x0.43x0.39x0.53x0.62x0.53x0.60x
Asset Growth %-0.09%0.09%-0.03%-0.04%-0.05%-0.07%-0.03%-0%-0.01%-0.04%
Total Current Liabilities+550.63M875.87M768.22M651.85M698.99M876.56M989.28M898.76M1.07B1.15B
Accounts Payable259.75M282.24M329.81M387.23M496.85M370.12M411.82M413.86M451.6M443.29M
Days Payables Outstanding64.7974.2771.674.8293.185.7175.5763.172.4872.61
Short-Term Debt41.4M62.6M40.84M91.52M49.62M146M46.71M50.84M143.2M50.88M
Deferred Revenue (Current)442K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities50.95M56.23M81.97M82.95M67.25M67.72M107.39M68.14M86.81M152.23M
Current Ratio2.12x1.82x2.39x2.60x1.97x1.97x1.49x1.36x0.99x1.05x
Quick Ratio1.70x1.48x1.97x2.19x1.55x1.68x1.11x0.92x0.67x0.77x
Cash Conversion Cycle26.0245.0726.152.67-4.1218.9726.1824.374.320.23
Total Non-Current Liabilities+1.58B1.96B2.28B2.18B2.29B2.57B2.27B2.28B2.31B2.43B
Long-Term Debt1.01B1.08B1.41B1.39B1.48B1.88B1.65B1.62B1.58B1.71B
Capital Lease Obligations19.32M24.26M22.66M017.91M9.69M3.39M1.36M5.45M63.15M
Deferred Tax Liabilities319.36M328.61M324.93M298.6M287.95M218.39M208.58M199.5M183.7M132.53M
Other Non-Current Liabilities13.31M313.69M339.77M323.16M349.75M321.14M292.62M357.51M457.79M455.17M
Total Liabilities2.13B2.84B3.05B2.83B2.98B3.44B3.26B3.18B3.38B3.58B
Total Debt+1.08B1.17B1.47B1.42B1.54B2.05B1.72B1.67B1.73B1.86B
Net Debt455.39M254.73M452.57M391.93M844.32M963.84M975.14M1.18B1.28B1.24B
Debt / Equity0.31x0.35x0.51x0.49x0.62x1.26x1.05x0.98x1.19x1.75x
Debt / EBITDA2.35x2.43x2.15x2.37x7.46x-2.44x2.56x10.99x2.99x
Net Debt / EBITDA0.99x0.53x0.66x0.65x4.08x-1.38x1.80x8.09x1.99x
Interest Coverage4.96x3.58x6.21x3.94x-1.16x-2.74x3.81x2.14x-0.82x1.31x
Total Equity+3.53B3.32B2.91B2.9B2.48B1.62B1.64B1.71B1.46B1.06B
Equity Growth %-0.07%-0.06%-0.12%-0%-0.14%-0.35%0.01%0.04%-0.15%-0.27%
Book Value per Share31.2729.4724.9621.7718.7212.2412.4212.9111.008.01
Total Shareholders' Equity2.59B2.85B2.49B2.48B2.11B1.38B1.39B1.44B1.2B813.93M
Common Stock1.28B1.04B133.32M133.32M133.32M132.44M132.44M132.44M132.44M132.44M
Retained Earnings-230.17M-138.04M-11.61M61.43M-196.85M-814.67M-746.31M-741.08M-1.03B-1.24B
Treasury Stock000-1.35M-9.46M00000
Accumulated OCI1.54B1.61B1.24B-79.29M-106.61M-229.49M-289.03M-232.16M-158.13M-335.56M
Minority Interest943.1M476.34M422.07M425.21M372.61M243.8M258.01M268.01M254.71M246.36M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+414.6M585.06M378.94M347.6M122.82M291.7M492.99M266.63M256.2M349.72M
Operating CF Margin %0.22%0.31%0.15%0.14%0.05%0.15%0.19%0.09%0.1%0.13%
Operating CF Growth %0.06%0.41%-0.35%-0.08%-0.65%1.37%0.69%-0.46%-0.04%0.37%
Net Income-178.57M208.89M271.46M131.9M-215.88M-559.25M309.29M227.38M-296.08M-205.03M
Depreciation & Amortization295.26M275.03M270.45M267.19M317.89M240.81M258.71M290.94M310.48M380.39M
Stock-Based Compensation0000000000
Deferred Taxes000-63.62M0000102.94M0
Other Non-Cash Items235.61M-79.93M-77.82M143.2M88.59M517.67M8.78M-48.6M37.64M155.97M
Working Capital Changes62.3M181.07M-85.15M40.35M-67.78M92.46M-83.8M-203.08M101.23M18.39M
Change in Receivables56.29M-54.19M-63.17M8.54M-8.63M-68.99M-54.68M2.22M58.07M-85.21M
Change in Inventory65.89M-62.59M-15.68M52.47M-35.42M8.88M-102.07M-75.07M127M-34.73M
Change in Payables21.79M23.12M47.57M57.41M18.82M84.11M44.88M-32.48M-451K139.09M
Cash from Investing+-156.66M-201.42M-328.37M-158.1M-335.39M-382.59M-469.27M-378.93M-270.35M-237.61M
Capital Expenditures-187.07M-182.99M-197.64M-299.77M-396.67M-323.69M-485.2M-387.06M-310.15M-259.01M
CapEx % of Revenue0.1%0.1%0.08%0.12%0.17%0.17%0.19%0.13%0.12%0.09%
Acquisitions----------
Investments----------
Other Investing55.87M-18.43M-64.15M1.27M6.57M02.21M8.62M20.24M18.81M
Cash from Financing+-385.88M-92.24M52.85M-177.41M-119.29M465.01M-344.13M-149.23M-34.64M61.94M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-13.35M-129.59M-61.55M-3.48M-113.39M-55.96M-52.34M-68.47M-23.71M-15.53M
Share Repurchases----------
Other Financing2.24M-200.58M-546.93M-172.12M-71.31M-8.09M-178K-63K-74K-8.44M
Net Change in Cash----------
Free Cash Flow+227.53M402.07M181.3M47.83M-273.85M-31.99M7.78M-120.43M-57.04M90.71M
FCF Margin %0.12%0.21%0.07%0.02%-0.12%-0.02%0%-0.04%-0.02%0.03%
FCF Growth %-0.04%0.77%-0.55%-0.74%-6.73%0.88%1.24%-16.48%0.53%2.59%
FCF per Share2.023.561.560.36-2.06-0.240.06-0.91-0.430.68
FCF Conversion (FCF/Net Income)-3.20x6.28x2.99x4.64x-0.85x-0.52x4.31x5.37x-0.88x-1.71x
Interest Paid000000000139.71M
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-3.53%2.72%4.07%2.58%-5.39%-27.26%7%2.96%-18.44%-16.29%
Return on Invested Capital (ROIC)2.94%2.58%8.68%7.54%-2.52%-10.11%12.86%9.83%-4.07%8.24%
Gross Margin21.55%27.49%31.37%24.18%16.5%19.21%24.14%21.1%11.61%19.45%
Net Margin-6.94%4.87%5.18%3%-6.22%-28.67%4.36%1.64%-11.35%-7.41%
Debt / Equity0.31x0.35x0.51x0.49x0.62x1.26x1.05x0.98x1.19x1.75x
Interest Coverage4.96x3.58x6.21x3.94x-1.16x-2.74x3.81x2.14x-0.82x1.31x
FCF Conversion-3.20x6.28x2.99x4.64x-0.85x-0.52x4.31x5.37x-0.88x-1.71x
Revenue Growth-11.95%2.55%28.06%1.7%-6.36%-16.37%34.4%15.71%-15.19%7.51%

Revenue by Segment

2019202020222024
Zinc1.59B1.32B-1.69B
Zinc Growth--16.88%--
Lead259.24M161.96M-364.61M
Lead Growth--37.52%--
Copper174.7M197.76M-359.94M
Copper Growth-13.20%--
Other163.71M144.77M-181.58M
Other Growth--11.57%--
Freight And Insurance Services---93.14M
Freight And Insurance Services Growth----
Silver63.87M58.57M-80.17M
Silver Growth--8.30%--

Revenue by Geography

2019202020222024
P E--859.76M-
P E Growth----
Brazil--827.17M-
Brazil Growth----
United State--174.53M-
United State Growth----
Singapore--166.41M-
Singapore Growth----
Switzerland--124.73M-
Switzerland Growth----
Chile--120.06M-
Chile Growth----
Luxembourg--95.25M-
Luxembourg Growth----
Argentina--94.43M-
Argentina Growth----
Japan--71.37M-
Japan Growth----
Taiwan--65.04M-
Taiwan Growth----
Colombia--64.01M-
Colombia Growth----
South Africa--55.86M-
South Africa Growth----
Turkey--54.95M-
Turkey Growth----
Austria--48.68M-
Austria Growth----
South Korea--32.41M-
South Korea Growth----
Malaysia--26.03M-
Malaysia Growth----
Belgium--17.91M-
Belgium Growth----
Ecuador--15.43M-
Ecuador Growth----
Netherlands--13.62M-
Netherlands Growth----
Italy--9.59M-
Italy Growth----
Vietnam--8.4M-
Vietnam Growth----
P595.6M485.85M--
P Growth--18.43%--
U159.67M116.72M--
U Growth--26.90%--
K R-77.43M--
K R Growth----
S99.49M76.72M--
S Growth--22.88%--
L145.49M76.07M--
L Growth--47.71%--
Other Countries145.78M61.08M--
Other Countries Growth--58.10%--
J71.35M46.72M--
J Growth--34.52%--
C37.15M34.77M--
C Growth--6.41%--
D20.75M33.87M--
D Growth-63.23%--
T W-28.76M--
T W Growth----
T33.91M25M--
T Growth--26.25%--
M-13.95M--
M Growth----
N-11.74M--
N Growth----
V-10.8M--
V Growth----
I9M9.89M--
I Growth-9.94%--
E-9.1M--
E Growth----
K95.91M---
K Growth----

Frequently Asked Questions

Growth & Financials

Nexa Resources S.A. (NEXA) reported $2.83B in revenue for fiscal year 2024. This represents a 34% increase from $2.12B in 2014.

Nexa Resources S.A. (NEXA) grew revenue by 7.5% over the past year. This is steady growth.

Nexa Resources S.A. (NEXA) reported a net loss of $16.2M for fiscal year 2024.

Dividend & Returns

Yes, Nexa Resources S.A. (NEXA) pays a dividend with a yield of 0.98%. This makes it attractive for income-focused investors.

Nexa Resources S.A. (NEXA) has a return on equity (ROE) of -16.3%. Negative ROE indicates the company is unprofitable.

Nexa Resources S.A. (NEXA) generated $50.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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