Saturday 17 October 2026
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Nexa Resources S.A.
NEXA Basic Materials Other Industrial Metals & Mining
Nexa Resources S.A.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, up 8.52% from fiscal 2024. In the quarter to June 2026, revenue grew 28.2%, EPS grew 5,100.0%, free cash flow grew 28.5% and total debt fell 3.81%, each against the same quarter a year earlier.
12.52
0.04
+0.32%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | 15.27 | 10.52 | 7.00 | 2.57 | 6.50 | 4.27 | 4.14 | 5.10 | 4.44 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | 20.00 | 21.61 | 12.80 | 10.02 | 12.86 | 10.54 | 7.70 | 9.61 | 9.56 | |||||
| People | |||||||||||||||
| People | Employees | 5,387 | 5,643 | 5,591 | 5,760 | 5,349 | 5,840 | 5,625 | 5,771 | 5,253 | 5,615 | ||||
| Revenue/emp, $m | 0.36 | 0.43 | 0.45 | 0.40 | 0.36 | 0.45 | 0.54 | 0.45 | 0.53 | 0.53 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,965 | 2,449 | 2,491 | 2,333 | 1,951 | 2,622 | 3,034 | 2,573 | 2,766 | 3,002 | ||||
| Gross margin, % | 26.76 | 28.44 | 24.18 | 16.50 | 19.84 | 24.14 | 21.06 | 11.61 | 19.45 | 23.75 | |||||
| EBT | 209 | 271 | 132 | (216) | (677) | 309 | 227 | (296) | (72) | 332 | |||||
| EBT margin, % | 10.63 | 11.08 | 5.29 | (9.25) | (34.68) | 11.80 | 7.49 | (11.51) | (2.60) | 11.05 | |||||
| Net income | 209 | 271 | 132 | (216) | (677) | 309 | 227 | (296) | (72) | 332 | |||||
| Depreciation | 275 | 270 | 267 | 318 | 244 | 259 | 291 | 310 | 330 | 289 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 24.35 | 21.02 | 18.69 | 17.59 | 14.73 | 19.80 | 22.91 | 19.43 | 20.89 | 22.67 | ||||
| Earnings | 1.37 | 1.42 | 0.56 | (1.11) | (4.22) | 0.86 | 0.37 | (2.18) | (1.55) | 1.00 | |||||
| Cash flow | 7.25 | 3.25 | 2.61 | 0.93 | 2.20 | 3.72 | 2.01 | 1.93 | 2.65 | 2.76 | |||||
| Capex | (2.11) | (1.55) | (2.24) | (2.94) | (2.43) | (3.65) | (2.92) | (2.36) | (1.99) | (2.66) | |||||
| Free cash flow | 5.14 | 1.70 | 0.37 | (2.02) | (0.23) | 0.08 | (0.90) | (0.42) | 0.66 | 0.10 | |||||
| Book value | 41.19 | 24.96 | 21.77 | 18.72 | 12.24 | 12.42 | 12.91 | 10.96 | 8.01 | 9.74 | |||||
| Shares, m | 81 | 117 | 133 | 133 | 132 | 132 | 132 | 132 | 132 | 132 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 7.90 | 13.81 | 20.88 | 0.00 | 0.00 | 9.14 | 15.49 | 0.00 | 0.00 | 8.85 | ||||
| P/S | 0.50 | 0.95 | 0.64 | 0.46 | 0.65 | 0.40 | 0.25 | 0.36 | 0.42 | 0.39 | |||||
| P/B | 0.41 | 0.80 | 0.55 | 0.43 | 0.79 | 0.63 | 0.44 | 0.64 | 1.10 | 0.91 | |||||
| EV/Sales | 0.65 | 1.04 | 0.75 | 0.78 | 1.11 | 0.75 | 0.63 | 0.84 | 0.83 | 0.78 | |||||
| EV/FCF | 3.12 | 39.22 | 38.28 | (6.83) | (72.18) | 196.27 | (15.92) | (39.07) | 26.13 | 183.20 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 585 | 379 | 348 | 123 | 292 | 493 | 267 | 256 | 351 | 365 | ||||
| Capex | (170) | (181) | (299) | (390) | (322) | (483) | (386) | (312) | (264) | (352) | |||||
| Free cash flow | 415 | 198 | 49 | (267) | (30) | 10 | (120) | (56) | 87 | 13 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 716 | 1,071 | 1,046 | 676 | 851 | 484 | 321 | (33) | 62 | (195) | ||||
| Total debt | 1,144 | 1,447 | 1,425 | 1,509 | 2,024 | 1,699 | 1,669 | 1,726 | 1,763 | 1,706 | |||||
| Net debt | 91 | 215 | 293 | 747 | 887 | 920 | 1,146 | 1,249 | 1,117 | 1,166 | |||||
| Shareholders’ equity | 3,324 | 2,909 | 2,902 | 2,482 | 1,621 | 1,644 | 1,710 | 1,452 | 1,060 | 1,290 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 1.58 | 2.09 | 1.28 | (2.59) | (10.62) | 2.29 | 1.00 | (5.96) | (4.30) | 2.68 | ||||
| ROIC | 2.38 | 8.04 | 6.55 | (2.15) | (9.93) | 10.88 | 7.86 | (3.53) | 7.93 | 12.68 | |||||
| ROE | 2.72 | 4.07 | 2.58 | (5.39) | (27.26) | 7.00 | 2.93 | (18.47) | (16.32) | 11.29 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Nexa Resources S.A. vs peers in Other Industrial Metals & Mining (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ALM Almonty Industries Inc. | $2.9B | 50.2× | — | +497.16% (above 0%: growing) | n/m | +133.36% (above 0%: growing) | 62.18% | 37.51% | Compare |
| NEXA Nexa Resources S.A. | $1.7B | 6.0× | 4.4× | +28.16% (above 0%: growing) | +5,100.00% (above 0%: growing) | +28.53% (above 0%: growing) | 28.32% | 19.31% | |
| USAS Americas Gold and Silver Corporation | $1.3B | — (loss-making) | — | +72.05% (above 0%: growing) | n/m | −209.58% (below 0%: shrinking) | 47.97% | 10.95% | Compare |
| TMC TMC the metals company Inc. | $1.2B | — (loss-making) | — | — | n/m | −87.95% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| VZLA Vizsla Silver Corp. | $1.2B | — (loss-making) | — | — | n/m | +10.03% (above 0%: growing) | 0.00% | 0.00% | Compare |
| CRML Critical Metals Corp. | $1.0B | — (loss-making) | — | — | 0.00% | 0.00% | — | — | Compare |
| SGML Sigma Lithium Corporation | $989.5M | — (loss-making) | 18.7× | +223.90% (above 0%: growing) | n/m | +405.47% (above 0%: growing) | 59.98% | 13.84% | Compare |
| EMAT Evolution Metals & Technologies Corp. | $965.9M | — (loss-making) | — | — | n/m | −607.00% (below 0%: shrinking) | (7.03%) | (744.93%) | Compare |
| CMP Compass Minerals International, Inc. | $948.4M | 51.8× | 39.5× | +0.33% (above 0%: growing) | n/m | −179.91% (below 0%: shrinking) | 17.60% | 5.06% | Compare |
| Median of peers | $1.1B | — | — | +147.98% | — | −43.97% | 17.60% | 5.06% |
Nexa Resources S.A. (NEXA) key facts
- Strength: Nexa Resources S.A.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, up 8.52% from fiscal 2024.
- Nexa Resources S.A. (NEXA) is an Other Industrial Metals & Mining company in the Basic Materials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, NEXA traded at $12.52, a market capitalization of $1.7 billion.
- Return on equity was 11.3% and debt-to-equity 1.16.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 0.72 (distress zone) for fiscal 2025.