Company Valuation: Eramet

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,064 2,227 2,041 1,541 1,635 1,465 - -
Change - 7.91% -8.36% -24.51% 6.12% -10.39% - -
Enterprise Value (EV) 1 3,000 2,571 2,655 2,838 3,570 3,313 3,260 3,081
Change - -14.3% 3.26% 6.89% 25.81% -7.2% -1.61% -5.48%
P/E ratio 6.9x 3.25x 18.9x 108x -3.46x -8.01x 57x 8.48x
PBR 1.89x 1.37x 1.29x 1.07x 2.29x 1.95x 1.65x 1.58x
PEG - 0x -0.2x -1.2x 0x 0.1x -0x 0x
Capitalization / Revenue 0.56x 0.44x 0.63x 0.53x 0.59x 0.47x 0.41x 0.4x
EV / Revenue 0.82x 0.51x 0.82x 0.97x 1.3x 1.05x 0.92x 0.84x
EV / EBITDA 2.85x 1.66x 7.65x 7.65x 9.6x 6.96x 4.59x 4.06x
EV / EBIT 3.83x 2.01x 20.9x 29.3x 325x 12.3x 7.02x 6.36x
EV / FCF 7.48x 4.39x -5.71x -3.9x -4.81x -12.1x -91.1x 48.6x
FCF Yield 13.4% 22.8% -17.5% -25.6% -20.8% -8.24% -1.1% 2.06%
Dividend per Share 2 2.5 3.5 1.5 1.5 - - 0.498 0.75
Rate of return 3.47% 4.17% 2.1% 2.77% - - 0.97% 1.46%
EPS 2 10.42 25.81 3.79 0.5 -16.67 -6.421 0.9011 6.062
Distribution rate 24% 13.6% 39.6% 300% - - 55.3% 12.4%
Net sales 1 3,668 5,014 3,251 2,933 2,753 3,150 3,537 3,666
EBITDA 1 1,051 1,553 347 371 372 476 709.9 759.5
EBIT 1 784 1,280 127 97 11 268.8 464.6 484.1
Net income 1 298 740 109 14 -477 -174.2 10.07 84.65
Net Debt 1 936 344 614 1,297 1,935 1,848 1,795 1,616
Reference price 2 71.95 83.85 71.50 54.15 57.65 51.40 51.40 51.40
Nbr of stocks (in thousands) 28,683 26,558 28,542 28,451 28,359 28,502 - -
Announcement Date 23/02/22 22/02/23 21/02/24 19/02/25 18/02/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-8.01x1.05x6.96x-.--% 169.17Cr
17.05x4x7.16x3.49% 22TCr
11.98x2.98x6.49x4.85% 18TCr
13.87x0.44x6.24x2.59% 9.25TCr
13.19x4.14x6.91x3.78% 9.09TCr
17.49x6.42x14.57x0.05% 6.52TCr
27.81x3x7.77x1.33% 5.53TCr
16.92x3.19x6.79x0.61% 3.02TCr
11.81x4.12x5.98x4.43% 2.94TCr
17.94x6.08x11.21x3.62% 2.51TCr
Average 14.00x 3.54x 8.01x 2.47% 7.86TCr
Weighted average by Cap. 15.66x 3.53x 7.60x 3.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield