ACX
📈 Acerinox has undergone a positive transformation, diversifying into higher value-added products.
🌎 The company benefits from its strong presence in the United States and a shift towards regionalism and protectionism.
✅ Acerinox is increasingly focused on special alloys, reducing its reliance on commodity products from China.
💰 Despite these improvements, the company has been penalized due to its European listing and cyclical nature, presenting a buying opportunity.
@Academiadeinversion:
“Acerinox has already risen 40% since Trump came out. During the pandemic years, it underwent a spectacular positive transformation. It diversified into a business area of greater added value, where the Chinese are not. They bought VDM in 2020-2021, which is a company of greater added value, also of special alloys. It is a spectacular purchase, and it also helps that, for some time now, the asset they have in the United States has behaved in a spectacular way. So that always helps them to maintain a very solid balance sheet and to diversify more and more towards the special alloys business. We find ourselves today in that Acerinox is a company in which most of its profitability is obtained in the United States, and the other 20% comes from special alloys. This year, they are buying another special alloys company in the United States as well, and on top of that, Trump comes out and everything is much more protected in industry, and we are going to a more and more protectionist world, which causes that massive arrival of cheap Chinese product to be more and more difficult, more and more expensive, and that regionalism that can play Acerinox allows it to enjoy really excellent margins and returns.”
Watch the exact part of the video where Jorge talks about Acerinox here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Acerinox (ACX) at the following link. ACX stock.
