NEXA
Nexa Resources S.A.
NEXA's fundamentals are strong: revenue grew 23% and its operating margin rose 8 points to 20%. At 5.5x earnings, it's trading below its usual 6.7x. Analysts expect that strong growth to continue.
NEXA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Healthy |
NEXA's revenue, profitability, cash flow and balance sheet are all currently healthy.
NEXA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3x | $11.43 | — |
| Cheap | 4.9x | $10.33 | -9.6% |
| Current | 5.5x | $11.43 | — |
| Fair | 6.7x | $14.01 | +23% |
| Expensive | 9.1x | $19.10 | +67% |
Historical ranges are pointers, not guarantees.
NEXA's PE is in its cheap range at 5.5x. If earnings grow as analysts expect, today's price would be 3.0x next year's earnings.
NEXA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for NEXA, with profitability improving.
NEXA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.79 | +81% |
| Q2 2026 | $2.09 | +$2.77 |
| Q1 2026 | $1.58 | +$2.85 |
| Q4 2025 | $1.00 | +$2.54 |
| Q3 2025 | -$0.12 | +$1.39 |
| Q2 2025 | -$0.68 | +$1.35 |
| Q1 2025 | -$1.27 | +$0.95 |
| Q4 2024 | -$1.54 | +$0.62 |
| Q3 2024 | -$1.51 | +$0.55 |
NEXA has returned to profit: it earned $2.09 per share over the past year, after losing money the year before.
NEXA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $899.7M | +27% |
| Q1 2026 | $888.3M | +42% |
| Q4 2025 | $896M | +21% |
| Q3 2025 | $751.6M | +5.9% |
| Q2 2025 | $708.4M | -3.8% |
| Q1 2025 | $627.1M | +7.7% |
| Q4 2024 | $740.9M | +18% |
| Q3 2024 | $709.5M | +9.3% |
NEXA's revenue has grown year over year for four quarters in a row: $900M last quarter, up 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 20% | +12 points |
| Q1 2026 | 25% | +16 points |
| Q4 2025 | 22% | +5.6 points |
| Q3 2025 | 11% | -1.2 points |
| Q2 2025 | 8.5% | +5.7 points |
| Q1 2025 | 8.6% | +3 points |
| Q4 2024 | 16% | +29 points |
| Q3 2024 | 12% | +13 points |
NEXA's operating margin was 20% last quarter, up 12 points from the same quarter a year ago.
NEXA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $34.3M | +171% |
| Q1 2026 | -$127.3M | +$106.7M |
| Q4 2025 | $169.4M | -3.2% |
| Q3 2025 | $96.9M | +21% |
| Q2 2025 | $12.7M | -14% |
| Q1 2025 | -$234M | -$69.1M |
| Q4 2024 | $175M | +1603% |
| Q3 2024 | $80M | +403% |
NEXA still generates free cash flow, though less than at its 2024 peak: $173M over the past year.
NEXA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | 0% | -- |
| Available history | 0% | -- |
NEXA has 132M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NEXA hasn't bought back shares in the past year.
NEXA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 2.1x | Moderate |
| Q3 2024 | 2.9x | Moderate |
NEXA's net debt is about 1.2 years of its operating earnings (EBITDA), down from 2.3 years a year ago.
NEXA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.4 | Neutral |
| Stochastic | 7.1 | Oversold |
NEXA's weekly RSI is 44 (neutral) and its Stochastic is 7 (oversold).
NEXA PE vs Basic Materials Sector
| Metric | NEXA | Sector median | Relative |
|---|---|---|---|
| PE | 5.5x | 19x | 71% below |
| PE % | 29 | 40 | 11 pts below |
NEXA is trading at 5.5x earnings, a 71% discount to the Basic Materials sector's median of 19x.
NEXA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.0 | 4.5% below |
| 20 week MA | $12.9 | 12% below |
| 50 week MA | $12.4 | 7.8% below |
| 100 week MA | $9.00 | 27% above |
| 200 week MA | $7.79 | 47% above |
NEXA has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 47% above its 200-week average.
NEXA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.26 | $8.52 | +3.1% |
| 2021 | $8.52 | $8.22 | -3.5% |
| 2022 | $8.22 | $5.90 | -28% |
| 2023 | $5.90 | $7.14 | +21% |
| 2024 | $7.14 | $8.75 | +23% |
| 2025 | $8.75 | $9.40 | +7.4% |
| 2026 YTD | $9.40 | $11.4 | +22% |
NEXA has finished higher in four of the last six years. It's up 22% so far in 2026.