TERNIUM S.A.
boothcheck covers TERNIUM S.A. (TX) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 11, 2026.
• Ternium is Latin America's leading flat-steel producer, anchored in Mexico with a growing stake in Brazil's Usiminas, so its fortunes track regional steel prices, trade policy, and construction demand. • Steel is deeply cyclical, and the valuation methods read today's price as far above where trailing earnings sit, which is the signature of a stock the market is pricing on a recovery rather than on a single recent quarter. • The balance sheet is the anchor: Ternium holds net cash and covers in
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140 institutional managers reported holding TX in 13F filings for the quarter ended 2026-03-31. Together they hold about 1% of the company; the top 10 hold 1%. 29 opened new positions that quarter. Held by Acadian Asset Management, Oaktree Capital, BlackRock, among others. On the short side, 449k shares were sold short as of the 2026-06-15 count, about 0.0% of shares outstanding (1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
TX's share count is about flat over the past five years. It pays a dividend, and has for 5 years running. Cash returned over the past three years: $1.71B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.