May 2026
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Largest Metals & Mining Public Companies in Spain
Benchmark revenue and EBITDA valuation multiples for public comps like
Acerinox, Atalaya Mining Copper, Tubacex, Tubos Reunidos and Asturiana de Laminados.
 | Acerinox SA is a Spain-based stainless steel maker engaged in the manufacture, processing, and marketing of stainless steel products and special alloys. The company operates in two segments; the Stainless steel segment which accounts for the majority of the company's revenue, includes both flat and long stainless steel products, and the High-performance alloys segment includes special alloys with high nickel content. This segment includes all the companies in the VDM Metals subgroup. Geographically the company operates in Spain, the Rest of Europe, America, Africa, Asia, and Others. | $17 | +39% | $4B | $6B | 0.8x | 12.7x | ||
| Atalaya Mining Copper SA is a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain. Its operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, regional projects around Riotinto, such as Proyecto Masa Valverde and Proyecto Riotinto East. The portfolio includes assets at the production (Riotinto), development (Touro, Masa Valverde) and exploration (Ossa Morena) stages. | $11 | +87% | $2B | $2B | 2.7x | 7.4x | ||
| Tubacex SA together with its subsidiaries, manufactures and markets stainless steel and high-nickel alloy tubes and pipes. The company's product portfolio includes hollow bars, steel and fittings products. It primarily serves oil and gas, petrochemical, chemical and power generation industries. It also devotes part of its production to the mechanical industry, aerospace, food, water desalination, electronics, capital goods and new technologies among other industries. Group has its industrial facilities in the Spain, Austria, the United States, Italy, India, and Thailand. Most of the revenue is generated through the sale of goods and rest from the rendering of services. | $3 | -26% | $415M | $810M | 1.0x | 9.1x | ||
| Tubos Reunidos SA is a holding company. The company operates in the areas of the seamless tube, distribution, automotive and other sectors. Its products are essentially required by the energy sector; Oil and Gas, electrical power generation and petrochemical industry, as well as by machinery and special industrial applications. The product portfolio includes tubes manufactured in carbon, alloyed, high allowed and stainless, steels. | $0 | -76% | $29M | $344M | 0.8x | (4.3x) | ||
| Asturiana de Laminados SA designs, casts, or melts, anodizes profiles, sheets, coils, or any other element of zinc or other metals, metallic and non-metallic products, and other products for construction, transportation, and industrial use. It offers solutions for aesthetic finishes, technical finishes, honeycomb panels, composite panels, elZinc tiles, traditional roofing systems, engineered facades, traditional facade systems, and rainwater systems. | $0 | -10% | $15M | $115M | 1.1x | (4.2x) | ||
| Median | $3 | -10% | $415M | $810M | 1.0x | 7.4x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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