APERAM S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 27.9 EUR | +1.97% |
|
+2.57% | -15.15% |
| Apr. 26 | The BHP-Anglo takeover saga takes an interesting turn |  |
| Apr. 25 | BHP is pursuing a slice and dice strategy for Anglo American | |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,276 | 2,731 | 3,711 | 2,232 | 2,376 | 2,016 | - | - |
| Enterprise Value (EV) 1 | 2,351 | 2,798 | 4,177 | 2,700 | 2,867 | 2,499 | 2,419 | 2,317 |
| P/E ratio | 15.7 x | 15.6 x | 3.92 x | 3.56 x | 11.8 x | 16.6 x | 7.32 x | 5.78 x |
| Yield | 6.14% | 5.13% | 4.2% | 6.78% | - | 7.41% | 7.57% | 8.15% |
| Capitalization / Revenue | 0.54 x | 0.75 x | 0.73 x | 0.27 x | 0.36 x | 0.29 x | 0.27 x | 0.26 x |
| EV / Revenue | 0.55 x | 0.77 x | 0.82 x | 0.33 x | 0.43 x | 0.36 x | 0.33 x | 0.3 x |
| EV / EBITDA | 6.91 x | 9.55 x | 3.94 x | 2.39 x | 9.43 x | 7.78 x | 4 x | 3.42 x |
| EV / FCF | 8.37 x | 14.4 x | 10.5 x | 7.8 x | 17.1 x | 24.4 x | 15.5 x | 8.95 x |
| FCF Yield | 12% | 6.93% | 9.53% | 12.8% | 5.86% | 4.1% | 6.43% | 11.2% |
| Price to Book | 0.96 x | 1.24 x | 1.29 x | 0.66 x | 0.7 x | 0.59 x | 0.56 x | 0.54 x |
| Nbr of stocks (in thousands) | 79,822 | 79,996 | 77,900 | 75,684 | 72,249 | 72,249 | - | - |
| Reference price 2 | 28.51 | 34.14 | 47.64 | 29.49 | 32.88 | 27.90 | 27.90 | 27.90 |
| Announcement Date | 2/5/20 | 2/10/21 | 2/11/22 | 2/10/23 | 2/9/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,240 | 3,624 | 5,102 | 8,156 | 6,592 | 6,939 | 7,367 | 7,615 |
| EBITDA 1 | 340 | 293 | 1,060 | 1,129 | 304 | 321 | 604.4 | 678.5 |
| EBIT 1 | 190 | 149 | 916 | 943 | 100 | 134.4 | 406.1 | 475.9 |
| Operating Margin | 4.48% | 4.11% | 17.95% | 11.56% | 1.52% | 1.94% | 5.51% | 6.25% |
| Earnings before Tax (EBT) 1 | 185 | 238 | 1,043 | 752 | 117 | 158.4 | 419.2 | 475.6 |
| Net income 1 | 148 | 175 | 968 | 625 | 203 | 121.3 | 275.7 | 341.5 |
| Net margin | 3.49% | 4.83% | 18.97% | 7.66% | 3.08% | 1.75% | 3.74% | 4.48% |
| EPS 2 | 1.820 | 2.190 | 12.16 | 8.290 | 2.790 | 1.684 | 3.809 | 4.828 |
| Free Cash Flow 1 | 281 | 194 | 398 | 346 | 168 | 102.4 | 155.6 | 258.8 |
| FCF margin | 6.63% | 5.35% | 7.8% | 4.24% | 2.55% | 1.48% | 2.11% | 3.4% |
| FCF Conversion (EBITDA) | 82.65% | 66.21% | 37.55% | 30.65% | 55.26% | 31.9% | 25.74% | 38.15% |
| FCF Conversion (Net income) | 189.86% | 110.86% | 41.12% | 55.36% | 82.76% | 84.43% | 56.43% | 75.79% |
| Dividend per Share 2 | 1.750 | 1.750 | 2.000 | 2.000 | - | 2.069 | 2.112 | 2.275 |
| Announcement Date | 2/5/20 | 2/10/21 | 2/11/22 | 2/10/23 | 2/9/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,257 | 1,396 | 2,265 | 2,457 | 1,818 | 1,616 | 1,876 | 1,702 | 1,463 | 1,551 | 1,738 | 1,635 |
| EBITDA 1 | 278 | 345 | 363 | 402 | 235 | 129 | 127 | 103 | 19 | 55 | 50.12 | 78 |
| EBIT 1 | 241 | 309 | 266 | 356 | 187 | 81 | - | - | - | 1 | 12 | - |
| Operating Margin | 19.17% | 22.13% | 11.74% | 14.49% | 10.29% | 5.01% | - | - | - | 0.06% | 0.69% | - |
| Earnings before Tax (EBT) | 250 | - | - | 424 | 121 | -35 | 167 | - | - | - | - | - |
| Net income 1 | 201 | 438 | 187 | 317 | 121 | - | 132 | 43 | -42 | 70 | 2 | 17 |
| Net margin | 15.99% | 31.38% | 8.26% | 12.9% | 6.66% | - | 7.04% | 2.53% | -2.87% | 4.51% | 0.12% | 1.04% |
| EPS | 2.530 | 5.530 | 2.400 | 4.150 | 1.640 | - | 1.830 | - | - | 0.9600 | - | - |
| Dividend per Share | - | 2.000 | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/12/21 | 2/11/22 | 5/6/22 | 7/29/22 | 11/10/22 | 2/10/23 | 5/3/23 | 7/27/23 | 11/10/23 | 2/9/24 | - | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 75 | 67 | 466 | 468 | 491 | 483 | 403 | 302 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.2206 x | 0.2287 x | 0.4396 x | 0.4145 x | 1.615 x | 1.504 x | 0.6671 x | 0.4447 x |
| Free Cash Flow 1 | 281 | 194 | 398 | 346 | 168 | 102 | 156 | 259 |
| ROE (net income / shareholders' equity) | 6.01% | 7.59% | 37.6% | 19.7% | 5.95% | 3.18% | 8.76% | 10% |
| ROA (Net income/ Total Assets) | 4.33% | 5.21% | 24.3% | 10.3% | - | 2.09% | 5.43% | 6.93% |
| Assets 1 | 3,421 | 3,357 | 3,983 | 6,084 | - | 5,812 | 5,076 | 4,929 |
| Book Value Per Share 2 | 29.70 | 27.60 | 37.00 | 44.90 | 47.30 | 47.00 | 49.80 | 51.90 |
| Cash Flow per Share 2 | 4.910 | 3.780 | 6.910 | 8.510 | 6.470 | 6.330 | 7.310 | 10.20 |
| Capex 1 | 151 | 109 | 152 | 296 | 303 | 154 | 185 | 182 |
| Capex / Sales | 3.56% | 3.01% | 2.98% | 3.63% | 4.6% | 2.22% | 2.51% | 2.39% |
| Announcement Date | 2/5/20 | 2/10/21 | 2/11/22 | 2/10/23 | 2/9/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
27.9
EUR
Average target price
29.97
EUR
Spread / Average Target
+7.41%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.15% | 2.15B | |
| +0.70% | 25.86B | |
| +19.56% | 21.28B | |
| -9.07% | 11.73B | |
| +24.56% | 11.2B | |
| +11.54% | 10.91B | |
| +10.96% | 10.15B | |
| +2.61% | 8.56B | |
| +5.78% | 7.32B | |
| +22.56% | 6.92B |
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