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Mines and smelts zinc, plus copper and other by-products, at mines and smelters in Peru and Brazil.
Mines and smelts zinc, plus copper and other by-products, at mines and smelters in Peru and Brazil.
Sells zinc as concentrate from its mines and as refined metal from its smelters, with smelter earnings tied to treatment charges, the fee a smelter keeps for converting concentrate, and to metal prices. Votorantim, a Brazilian family-owned industrial group, is the controlling shareholder.
Moat: narrow (scale, installed base). Integrated mine-to-smelter zinc operations in Latin America, but exposed to zinc commodity pricing.
Headquarters: Luxembourg City, Luxembourg · Founded: 2003
Size Nexa Resources (NEXA) is a United States Materials company (Other Metals/Minerals) with a market value of $1.51B, the 1987th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.40 on 6 Nov 2026.
Performance Over six months the shares fell 20.4%, against -31.3% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 27.2% over the last twelve months (peer median +12.5%); the operating margin is 22.4% (peer median 4.6%).
Valuation It trades at 3.0× forward earnings against a peer median of 26.4× (cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 12.7 points above its cost of capital (7.2% WACC).
Credit Nexa Resources has 3 bonds outstanding ($1.22B), rated BB+ by the agencies and trading like BB+ at a weighted spread of 187 bp.
Short interest Short interest is 0.4% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.61B | $2.99B | $2.74B | $2.57B | $3.03B |
| Revenue growth | — | +9% | +6% | -15% | — |
| Gross profit | $980M | $609M | $451M | $174M | $531M |
| EBITDA | $1.14B | $762M | $664M | $340M | $695M |
| Net income | $146M | $133M | -$205M | -$292M | $49.1M |
| Free cash flow | $156M | $52.0M | $120M | -$31.9M | -$108M |
| Capital expenditure | $415M | $354M | $265M | $313M | $387M |
| Total debt | $1.85B | $1.80B | $1.86B | $1.80B | $1.67B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nexa Resources NEXA | $1.51B | -20% | +27% | 22% | 3.0× | -17.4% |
| Teck Resources TECK-B.TO | $29.9B | +3% | +44% | 34% | 16.2× | 4.6% |
| Boliden BOL.ST | $14.6B | -4% | +23% | 16% | 11.3× | 0.6% |
| Hindustan Zinc HINDZINC.NS | $25.4B | -11% | +57% | 51% | 11.8× | 1.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NEXA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.9% | -6.1% | 9th lowest of 21 |
| 6-month return | -20.4% | -31.3% | 8th highest of 21 |
| Distance from 52-week high | -32.5% | -48.4% | 6th highest of 21 |
| Revenue growth (TTM) | +27.2% | +12.5% | 6th highest of 19 |
| Operating margin | 22.4% | 4.6% | 4th highest of 20 |
| Forward P/E | 3.0× | 26.4× | cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -17.4% | 13.1% | least demanding of 8 |
| Growth delivered (Del g) | +8.9% | +16.5% | 3rd lowest of 8 |
| Hurdle (Req g minus delivered) | -26.3 pp | -6.5 pp | 2nd least demanding of 8 |
| ROIC minus cost of capital | +12.7 pp | -6.4 pp | highest of 20 |
| EV / EBITDA | 2.9× | 8.1× | cheapest of 5 |
| Net debt / EBITDA | 1.3× | 1.2× | 3rd least indebted of 5 |
| Bond spread | 187 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nexa Resources NEXA | United States | $1.51B | -20% | +27% | 22% | 3.0× | -17.4% | +8.9% |
| Tibet Mineral Development 000762.SZ | China | $1.50B | -50% | +270% | 20% | n/a | 33.1% | -1.3% |
| Baowu Magnesium Technology 002182.SZ | China | $1.54B | -34% | +4% | 0% | 74.0× | n/a | n/a |
| China Kings Resources 603505.SS | China | $1.55B | -33% | -11% | -1% | 46.2× | n/a | n/a |
| Tibet Summit Resources 600338.SS | China | $1.56B | -59% | +54% | 30% | n/a | 12.8% | +16.5% |
| Liontown LTR.AX | Australia | $1.43B | -75% | +115% | 8% | 18.9× | 38.7% | +303.2% |
| Innuovo Technology 000795.SZ | China | $1.42B | -8% | +21% | 5% | n/a | n/a | n/a |
| Atalaya Mining Copper ATYM.L | United Kingdom | $1.71B | -2% | +20% | 29% | 7.8× | 6.5% | +13.0% |
| RHI Magnesita RHIM.L | United Kingdom | $1.74B | +2% | -1% | 11% | 6.9× | 3.0% | +7.5% |
| Yellow Cake YCA.L | United Kingdom | $1.74B | -12% | n/a | n/a | 10.6× | n/a | n/a |
| Baoji Titanium Industry 600456.SS | China | $1.76B | -26% | +14% | 7% | 26.4× | n/a | n/a |
| Iluka Resources ILU.AX | Australia | $1.77B | -30% | -20% | -29% | n/a | n/a | n/a |
| Nickel Industries NIC.AX | Australia | $1.78B | -46% | -3% | 10% | 10.4× | 13.1% | +27.5% |
| Energy Fuels EFR.TO | Canada | $1.78B | -70% | +70% | -79% | 61.7× | n/a | n/a |
| Nanjing Hanrui Cobalt 300618.SZ | China | $1.27B | -49% | +11% | 4% | 20.6× | n/a | n/a |
| Yantai Zhenghai Magnetic Material 300224.SZ | China | $1.79B | -1% | +16% | 5% | 29.9× | 20.1% | +29.2% |
| Jiangsu ToLand Alloy 300855.SZ | China | $1.83B | -21% | +75% | 28% | 26.5× | n/a | n/a |
| Evolution Metals & Technologies EMAT | United States | $1.23B | -79% | n/a | -548% | n/a | n/a | n/a |
| North Long Dragon New Materials Tech 301357.SZ | China | $1.23B | -20% | -9% | -23% | n/a | n/a | n/a |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 3% | 65.8× | n/a | n/a |
| Ivanhoe Electric IE | United States | $1.21B | -45% | -21% | -3,916% | n/a | n/a | n/a |
Nexa Resources has 3 bonds outstanding with $1.22B face value. The agencies rate it BB+; its bonds trade like BB+. Weighted yield 6.65%, a spread of 187 bp over government bonds.