Company Valuation: Eramet

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,064 2,227 2,041 1,541 1,635 1,254 - -
Change - 7.91% -8.36% -24.51% 6.12% -23.29% - -
Enterprise Value (EV) 1 3,000 2,571 2,655 2,838 3,570 2,991 3,033 2,869
Change - -14.3% 3.26% 6.89% 25.81% -16.21% 1.38% -5.39%
P/E 6.9x 3.25x 18.9x 108x -3.46x -5.1x 23.7x 6.98x
PBR 1.89x 1.37x 1.29x 1.07x 2.29x 1.2x 1.39x 1.15x
PEG - 0x -0.2x -1.2x 0x 0.1x -0x 0x
Capitalization / Revenue 0.56x 0.44x 0.63x 0.53x 0.59x 0.39x 0.35x 0.34x
EV / Revenue 0.82x 0.51x 0.82x 0.97x 1.3x 0.94x 0.85x 0.79x
EV / EBITDA 2.85x 1.66x 7.65x 7.65x 9.6x 6.59x 4.38x 4x
EV / EBIT 3.83x 2.01x 20.9x 29.3x 325x 11.6x 7.14x 6.91x
EV / FCF 7.48x 4.39x -5.71x -3.9x -4.81x -12.5x -83.5x 55.1x
FCF Yield 13.4% 22.8% -17.5% -25.6% -20.8% -8.01% -1.2% 1.81%
Dividend per Share 2 2.5 3.5 1.5 1.5 - - 0.312 0.5625
Rate of return 3.47% 4.17% 2.1% 2.77% - - 0.71% 1.28%
EPS 2 10.42 25.81 3.79 0.5 -16.67 -8.63 1.853 6.302
Distribution rate 24% 13.6% 39.6% 300% - - 16.8% 8.93%
Net sales 1 3,668 5,014 3,251 2,933 2,753 3,193 3,566 3,647
EBITDA 1 1,051 1,553 347 371 372 454 692 716.4
EBIT 1 784 1,280 127 97 11 258 425 415.1
Net income 1 298 740 109 14 -477 -296.2 53.19 113
Net Debt 1 936 344 614 1,297 1,935 1,737 1,778 1,615
Reference price 2 71.95 83.85 71.50 54.15 57.65 44.00 44.00 44.00
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, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-5.1x0.94x6.59x-.--% 142.92Cr
16.6x3.93x7.1x3.56% 22TCr
11.07x2.76x5.99x5.31% 16TCr
14.99x4.31x7.11x3.17% 9.92TCr
11.87x0.38x6.06x3.46% 8.72TCr
25.59x6.23x16.53x-.--% 6.32TCr
55.94x3.17x7.77x2.29% 5.73TCr
15.68x3.19x6.29x0.58% 3.24TCr
12.99x4.15x6.39x4.79% 2.82TCr
13.17x4.76x8.35x3.77% 2.59TCr
Average 17.28x 3.38x 7.82x 2.69% 7.72TCr
Weighted average by Cap. 18.04x 3.46x 7.55x 3.4%

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