Nexa Resources S.A.
Nexa Resources S.A. is a Luxembourg-based mining and metallurgy company focused on zinc production, with additional output of copper, lead, silver, gold, zinc oxide, and other metallurgical by-products. Nexa Resources S.A. operates through Mining and Smelting segments, combining ore extraction with refining and processing activities across assets in Brazil and Peru. Its operations supply materials used in industries such as construction, transportation, agriculture, chemicals, and consumer goods. The company’s integrated structure allows it to produce concentrates, refined metals, and industrial inputs for a broad range of downstream applications. Nexa Resources S.A. plays a significant role in the non-ferrous metals market as a regional producer with a diversified portfolio centered on zinc and related base metals.
$12.10
-$0.21 (-1.71%)
EOD Oct 21, 2026
16.17% operating margin is respectable but not wide. ROIC at 10.82%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 8.5%, steady but not accelerating. Free cash flow declined 87% despite revenue growth, conversion is weakening.
Free cash flow declined 87% versus the prior year, cash generation momentum has weakened. Net debt of $1.31B represents 117.7x FCF, leverage limits flexibility.
12.5x earnings, 12.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$3.46B
▲ +8.5% YoY
Net Income (TTM)
$397M
▲ +219.1% YoY
Op. Margin
21.64%
▲ +3.3pp YoY
ROIC
10.82%
▲ +1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$124M
▼ -86.9% YoY
Op. Cash Flow (TTM)
$504M
▼ -24.6% YoY
Net Debt
$1.31B
Cash & Equiv.
$522M
3Y CAGR: -0.4%
Continue Research
Is Nexa Resources (NEXA) overvalued?
At a P/E of 12.5 and a price-to-free-cash-flow of 12.9, Nexa Resources (NEXA) trades below a two-stage DCF intrinsic value of about $37.44 per share, so at $12.10 the stock looks undervalued (209.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Nexa Resources scores 74/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Nexa Resources's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $37.44 per share for NEXA, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $28.08. At today's $12.10, that puts the stock about 209.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Nexa Resources a high-quality business?+
Nexa Resources scores 74 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 21.6% operating margin and a 10.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Nexa Resources a good stock to buy right now?+
That depends on valuation and quality together, not either alone. NEXA currently trades below its estimated intrinsic value and scores 74/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Other Industrial Metals & Mining
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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