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Nexa Resources S.A.

NEXA
65
Industrial Materials · Basic Materials
Price
$15.40
+1.33 (+9.45%)
Market Cap
$2.04B
Exchange
New York Stock Exchange
Winston Score
65
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Strong
Growth
Strong
Cash Flow
Strong
Stability
Mixed
Valuation
Strong
Dividends
Weak

Winston Score History

The full picture

Nexa Resources is a mining company that digs zinc, lead, silver, and copper out of the ground. It sells these metals to manufacturers who use them to make things like galvanized steel, batteries, and electronics. Nexa is one of the largest zinc producers in Latin America and operates mines and smelters primarily in Peru and Brazil.

The company makes money by selling refined metals and concentrates to industrial buyers, so its revenue rises and falls with global commodity prices. Nexa runs an integrated business model — it both mines the ore and processes it into finished metal — which gives it more control over costs than pure miners. The main risk the company faces is that zinc prices are set by global markets, meaning a drop in demand from China or a surge in new supply can quickly squeeze profits regardless of how well Nexa manages its own operations.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+27.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

>+1,000% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

64.7%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$439M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Nexa Resources S.A. grew revenue 27% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 132.4M (2021) → 132.4M (2025)

Score breakdown

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Quality

Profit per sale
Gross Margin
25.3%
Modest — 25.3% gross margin
Profit after running costs
Operating Margin
20.4%
Excellent — 20.4% operating margin
Return on the money invested
ROCE
22.9%
Exceptional — 22.9% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+23.3%
Fast-growing sales (+23.3% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
204%
Turns 204% of profit into real cash
Spare cash per sale
FCF Margin
5.0%
Thin free cash flow (5.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
1.47
Elevated debt (1.47)
Covers its interest
Interest Cover
2.64x
Tight — interest eats into profit (2.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
7.4x
Attractive valuation — P/E 7.4

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
+1.1
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
0.92%
Small dividend — 0.92% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-54.7%
Dividend cut (-54.7% YoY) — warning sign

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