The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

NDA.DE

Concerning the House

Aurubis AG processes metal concentrates and recycling materials in Germany. The company engages in processing of scrap metals, organic and inorganic metalbearing recycling raw materials, and industrial residues. It also offers copper cast rods and specialty wires, shapes, bars and profiles, industrial rolled products, and architectural rolled products. In addition, the company produces gold, silver, tin, lead, lead-bismuth alloy, lead-antimony litharge, tellurium metals, and tellurium dioxide. Further, the company engages in the recycling of copper and alloy scrap; printed circuit board and electronic scrap; mixed heavy metal fractions and shredder; residues, slimes, and sludges; preciouse metal recycling material; tin scrap; and copper iron and bimetal scrap. Additionally, it provides sulfuric acid, iron-silicate, smelter intermediates, and selenium, as well as produces various products from purchased copper and copper alloy scrap, electronic scrap, and industrial residues. The company was formerly known as Norddeutsche Affinerie AG and changed its name to Aurubis AG in April 2009. Aurubis AG was incorporated in 1866 and is headquartered in Hamburg, Germany.

Germany · www.aurubis.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$5.00B$4.62B$4.28B$5.34B
Gross profit$530.00M$432.00M$242.00M$750.00M
Operating income$214.00M$113.00M$24.00M$425.00M
Net income$162.76M$78.24M$42.00M$322.00M
Diluted EPS7.36
Free cash flow-$183.00M-$54.00M$118.00M-$115.00M
CapEx-$195.00M-$221.00M-$202.00M-$107.00M
Quotation

$167.80

-8.30 (-4.7%)

52w hi$219.20
52w lo$94.06
Vol151.00K
As ofAug 13
The Verdict

Hold

Our score -0.05

Short-0.27
Medium+0.01
Long+0.29

computed 2026-08-13

By the Numbers

Aurubis AG

Industrials · Metal Fabrication

Market cap$7.33B
Enterprise value$8.38B
Trailing P/E7.36x
Forward P/E16.58x
EV / EBITDA5.51x
P / S (ttm)0.33x
Profit margin4.5%
Return on equity18.3%
Revenue growth+39.7%
Earnings growth+96.3%
Debt / equity12.50
Risk Metrics
Beta vs SPX0.58
Corr SPX0.25
Annual vol37.9%
Annual ret+54.0%
Sharpe1.42
Max DD-27.8%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.33
Sector+0.07
Technical+0.00
Earnings+0.00
Sentiment-0.21

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$172.80$173.30$167.70$167.80151.00K
Aug 12$172.50$178.70$172.50$176.1099.21K
Aug 11$174.00$176.20$171.80$171.8099.52K
Aug 10$173.20$176.40$172.80$173.80102.70K
Aug 7$181.00$181.40$170.60$173.70184.83K