Stock fact sheet · data as of
Nexa Resources S.A. (NEXA): fair value, margin of safety and Wheel Score
Basic Materials · Industrial Materials · Luxembourg · Value
Is NEXA undervalued?
Nexa Resources S.A. (NEXA) closed at 12.48 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 26.07, which puts the price 52% below it. 6 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 9 models disagree widely: DDM gives 1.94 while 10 Cap gives 66.92. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files NEXA under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for NEXA
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 45.04 | +261% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 20.70 | +66% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 33.82 | +171% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 8.38 | -33% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 8.32 | -33% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 66.92 | +436% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 26.17 | +110% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 1.94 | -84% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 23.29 | +87% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -20.49 | -264% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 14.60 | +17% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health NEXA scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 2.3 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 4.7%, ROE 13.2%, ROA 2.5% - with debt at 1.82 times equity and a free-cash-flow yield of 10.5%.
The dividend yield is 1.06% with a payout ratio of 17% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Zinc 53%, Lead 18%, Copper 17% (fiscal year FY2025).
Institutional ownership scores 2/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 4.7% |
|---|---|---|---|
| GLS Moat | 2.3 / 10 | ROE | 13.2% |
| Debt / equity | 1.82 | ROA | 2.5% |
| Free-cash-flow yield | 10.5% | Payout ratio | 17% |
| Institutions | 2 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 77: Good
NEXA scores 77 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 25/25), Piotroski health (16/20), the GLS moat (3/15), the option premium on offer (20/20) and how easily the stock trades (13/20). Moat (3/15) is the part holding the score back.
Implied volatility is 60% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 11,828 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 553k shares a day on a market cap of $1.7B, with a beta of 0.92; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 52% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 3 / 15 | moat 2.3/10 | |
| Premium | 20 / 20 | implied volatility 60% | |
| Stability | 13 / 20 | 553k shares/day, $1.7B cap, beta 0.92 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Nexa Resources S.A. reports earnings on 29 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Industrial Materials
The 12 companies below are the closest to Nexa Resources S.A. by market cap within the Industrial Materials industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| USAR USA Rare Earth Inc | 10.32 | 3.78 | -173% | 36Weak | $1.4B |
| USAS Americas Gold and Silver Corporation | 3.70 | - | - | 45Weak | $1.2B |
| VZLA Vizsla Silver Corp. | 3.17 | 0.5382 | -489% | 41Weak | $1.1B |
| CRML Critical Metals Corp. | 6.95 | 0.1545 | -4399% | 33Weak | $1.0B |
| EMAT Evolution Metals & Technologies Corp. Common Stock | 1.54 | - | - | 36No options | $966M |
| SGML Sigma Lithium Corporation | 8.49 | 6.91 | -23% | 44Weak | $956M |
| ALM Almonty Industries Inc. | 10.10 | 3.07 | -229% | 41Weak | $2.9B |
| CMP Compass Minerals International, Inc. | 22.59 | 23.90 | +5% | 61Fair | $948M |
| LAR Lithium Argentina AG | 4.77 | - | - | 45Weak | $783M |
| GSM Ferroglobe PLC | 3.94 | 1.56 | -152% | 42Weak | $736M |
| SKE Skeena Resources Limited | 29.97 | 0.3880 | -7624% | 39Weak | $3.8B |
| MTRN Materion Corporation | 252.16 | 64.93 | -288% | 50Fair | $5.3B |
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about NEXA
Is NEXA undervalued right now?
By the GLS models, yes: at 12.48 the stock is 52% below the average fair value of 26.07 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of NEXA and what does it mean?
NEXA scores 77 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for NEXA?
26.07 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Nexa Resources S.A. report earnings next?
The next earnings report is due on 29 Oct 2026 (after the close), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does NEXA have listed options, and how liquid are they?
Yes. The nightly snapshot found 106 listed contracts with 11,828 open interest across all expiries and implied volatility of 60% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.