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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.

Revenue
+22.7%
EPS
−168.7%
Free cash flow
−3.80%
Total debt
−4.43%

Quarter to September 2026, against a year earlier

11.37 0.53 −4.45%
Market cap
$1.5B
P/E
9.4×
Fwd P/E
4.4×
Dividend yield
0.00%
F-score
8/9
Altman Z
0.72
Beneish M
−2.12
Dividend safety
41/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 66.45%

Capital & Financial Ratios $m

Size
Market Cap 1,500.00
Revenue ttm 3,636.39
Net income ttm 447.85
Free cash flow ttm 122.10
Net debt Q 1,319.82
Valuation
P/E 9.38
Forward P/E 4.43
Price / sales 0.41
Forward P/S Powerpack
Price / FCF 12.33
Price / book 1.04
Financial health
Current ratio Q 0.82 (below 1: weak)
Debt / equity Q 1.21
Interest coverage Q 0.30
Growth
Revenue growth Q +22.74% (above 0%: growing)
Operating income growth Q −88.92% (below 0%: shrinking)
EPS, this year +201.06% (at or above 15%: strong)
EPS, next year A +15.73% (at or above 15%: strong)
Revenue, next year A +25.41% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +40.78% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 0.8×; over the ten years it ranged from 0.6× in 2019 to 1.1× in 2017.
P/E against its own 10 years 39.28%
10-year low 10-year high
P/S against its own 10 years 46.36%
10-year low 10-year high
P/B against its own 10 years 91.58%
10-year low 10-year high
EV/Sales against its own 10 years 49.05%
10-year low 10-year high
EV/FCF against its own 10 years 35.47%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%
Growth, 2018–25
−100.0%/yr
  1. 0.60 ’18
  2. 0.53 ’19 −12
  3. 0.38 ’20 −28
  4. 0.26 ’21 −30
  5. 0.33 ’22 +25
  6. 0.19 ’23 −43
  7. 0.00 ’24 −100
  8. 0.00 ’25
  9. 0.48 ’26e
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 476 646 540 433
Receivables 157 148 240 218
Inventory 340 325 414 564
Other 87 88 77 121
1,060 1,207 1,272 1,336
2023 2024 2025 Q'26
Payables 452 443 500 524
ST’ Debt 143 51 55 130
Other 121 221 257 295
1,093 1,145 1,467 1,624

Compound Annual Growth %

10y 5y 3y
Sales 5.10% 9.00% (0.35%)
Cash Flow (1.27%) 4.58% 11.03%
Earnings 0.00% 0.00% 39.27%
Book Value (9.58%) (4.47%) (8.98%)

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 0.60 Actual 0.87

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.45 0.60 Beat by 0.15
Mar 2026 0.59 0.67 Beat by 0.08
Jun 2026 0.73 0.64 Miss by 0.09
Sep 2026 0.60 0.87 Beat by 0.27
Dec 2026 0.91 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.67 0.52 (0.36) — —
’25 0.09 0.01 0.52 0.38 1.00
’24 (0.18) (0.58) (0.04) (0.74) (1.55)
’23 (0.15) (0.77) (0.56) (0.71) (2.18)
’22 0.48 0.82 (0.31) (0.62) 0.37
’21 0.17 0.82 (0.14) 0.01 0.86
’20 (3.94) (0.44) (0.22) 0.38 (4.22)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 888 908 937 — —
’25 627 708 764 903 3,002
’24 580 736 709 741 2,766
’23 667 627 649 630 2,573
’22 722 829 703 780 3,034
’21 603 686 655 678 2,622
’20 442 337 538 635 1,951
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (56) 111 185 — —
’25 (185) 101 167 281 365
’24 (86) 81 112 244 351
’23 (56) 95 104 114 256
’22 (23) 169 15 105 267
’21 95 201 77 121 493
’20 (66) 24 168 166 292
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (127) 19 73 — —
’25 (235) 15 76 157 13
’24 (161) 15 57 176 87
’23 (112) 35 19 2 (56)
’22 (106) 71 (75) (10) (120)
’21 13 95 (60) (38) 10
’20 (151) (35) 89 67 (30)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
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 3,636 +4.8% 3,765 3,709 3,661 +6.8%
Gross margin, % 26.76 28.44 24.18 16.50 19.84 24.14 21.06 11.61 19.45 23.75 29.53 (3.0) pt
EBT 209 271 132 (216) (677) 309 227 (296) (72) 332 448 +5.3%
EBT margin, % 10.63 11.08 5.29 (9.25) (34.68) 11.80 7.49 (11.51) (2.60) 11.05 12.32 +0.4 pt
Net income 209 271 132 (216) (677) 309 227 (296) (72) 332 448 +5.3%
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 27.46 (0.8%)
Earnings 1.15 1.09 0.56 (1.11) (4.22) 0.86 0.37 (2.18) (1.55) 1.00 1.21 (1.5%)
Cash flow 7.25 3.25 2.61 0.93 2.20 3.72 2.01 1.93 2.65 2.76 3.94 (10.2%)
Capex (2.11) (1.55) (2.24) (2.94) (2.43) (3.65) (2.92) (2.36) (1.99) (2.66) (3.01) +2.6%
Free cash flow 5.14 1.70 0.37 (2.02) (0.23) 0.08 (0.90) (0.42) 0.66 0.10 0.92 (35.7%)
Book value 41.19 24.96 21.77 18.72 12.24 12.42 12.91 10.96 8.01 9.74 10.98 (14.8%)
Shares, m 81 117 133 133 132 132 132 132 132 132 132 +5.7%
Valuation, ×
Valuation, × P/E 7.90 13.81 20.88 0.00 0.00 9.14 15.49 0.00 0.00 8.85 9.38 7.6
P/S 0.50 0.95 0.64 0.46 0.65 0.40 0.25 0.36 0.42 0.39 0.41 0.5
P/B 0.41 0.80 0.55 0.43 0.79 0.63 0.44 0.64 1.10 0.91 1.04 0.7
EV/Sales 0.65 1.04 0.75 0.78 1.11 0.75 0.63 0.84 0.83 0.78 0.78 0.8
EV/FCF 3.12 39.22 38.28 (6.83) (72.18) 196.27 (15.92) (39.07) 26.13 183.20 23.14 35.2
Cash, $m
Cash, $m Operating cash flow 585 379 348 123 292 493 267 256 351 365 521 (5.1%)
Capex (170) (181) (299) (390) (322) (483) (386) (312) (264) (352) (399) +8.4%
Free cash flow 415 198 49 (267) (30) 10 (120) (56) 87 13 122 (32.1%)
Balance, $m
Balance, $m Working capital 716 1,071 1,046 676 851 484 321 (33) 62 (195) (289) n/m
Net debt 91 215 293 747 887 920 1,146 1,249 1,117 1,166 1,320 +32.7%
Shareholders’ equity 3,324 2,909 2,902 2,482 1,621 1,644 1,710 1,452 1,060 1,290 1,454 (10.0%)
Returns, %
Returns, % ROA 1.58 2.09 1.28 (2.59) (10.62) 2.29 1.00 (5.96) (4.30) 2.68 2.72 +1.1 pt
ROIC 2.38 8.04 6.55 (2.15) (9.93) 10.88 7.86 (3.53) 7.93 12.68 13.73 +10.3 pt
ROE 2.72 4.07 2.58 (5.39) (27.26) 7.00 2.93 (18.47) (16.32) 11.29 10.74 +8.6 pt
People
People Employees 5,387 5,643 5,591 5,760 5,349 5,840 5,625 5,771 5,253 5,615 — +0.5%
Revenue/emp, $m 0.36 0.43 0.45 0.40 0.36 0.45 0.54 0.45 0.53 0.53 — +4.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

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. $2.3B 40.7× — +497.16% (above 0%: growing) n/m +133.36% (above 0%: growing) 62.18% 37.51% Compare
SSMR Sunshine Silver Mining & Refining Company $1.8B — — — n/m — 43.63% 0.00% Compare
NEXA Nexa Resources S.A. $1.5B 9.4× 4.4× +22.74% (above 0%: growing) n/m −3.80% (below 0%: shrinking) 26.09% 2.10%
EMAT Evolution Metals & Technologies Corp. $1.2B — (loss-making) — — n/m −607.00% (below 0%: shrinking) (7.03%) (744.93%) Compare
VZLA Vizsla Silver Corp. $1.1B — (loss-making) — — n/m +10.03% (above 0%: growing) 0.00% 0.00% Compare
USAS Americas Gold and Silver Corporation $997.6M — (loss-making) — +72.05% (above 0%: growing) n/m −209.58% (below 0%: shrinking) 47.97% 10.95% Compare
CMP Compass Minerals International, Inc. $953.4M 52.6× 17.9× +0.33% (above 0%: growing) n/m −179.91% (below 0%: shrinking) 17.60% 5.06% Compare
TMC TMC the metals company Inc. $913.2M — (loss-making) — — n/m −87.95% (below 0%: shrinking) 0.00% 0.00% Compare
CRML Critical Metals Corp. $821.7M — (loss-making) — — 0.00% 0.00% — — Compare
Median of peers $1.1B — — +72.05% — −87.95% 17.60% 0.00%

All 56 Other Industrial Metals & Mining stocks →

Nexa Resources S.A. (NEXA) Latest News

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stockrow.com/NEXA · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com