Balance Sheet Eramet

Equities

ERA

FR0000131757

Diversified Mining

Market Closed - Euronext Paris Other stock markets 11:55:00 2025-12-08 am EST			5-day change	1st Jan Change
51.25 ^EUR	+0.20%		-4.38%	-5.36%

Dec. 04	ERAMET S.A. - Special Call
Dec. 04	French miner Eramet to reduce capex significantly by next year, CFO says	RE

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Published financial data: ERAMET

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.55B	3.67B	5.01B	3.25B	2.93B
Other Revenues, Total	37M	42M	88M	89M	93M
Total Revenues	3.59B	3.71B	5.1B	3.34B	3.03B
Cost of Goods Sold, Total	1.31B	962M	1.5B	1.1B	971M
Gross Profit	2.28B	2.75B	3.61B	2.24B	2.06B
Selling General & Admin Expenses, Total	1.87B	1.68B	2.02B	1.86B	1.66B
R&D Expenses	-	-	-	-	-
Depreciation & Amortization - (IS)	-	-	-	240M	248M
Amortization of Goodwill and Intangible Assets - (IS)	281M	259M	271M	-	-
Other Operating Expenses	90M	50M	81M	121M	103M
Other Operating Expenses, Total	2.24B	1.99B	2.37B	2.22B	2.01B
Operating Income	41M	754M	1.24B	15M	49M
Interest Expense, Total	-133M	-114M	-106M	-144M	-170M
Interest And Investment Income	11M	9M	9M	42M	37M
Net Interest Expenses	-122M	-105M	-97M	-102M	-133M
Income (Loss) On Equity Invest.	86M	121M	258M	295M	166M
Currency Exchange Gains (Loss)	-24M	12M	29M	286M	-42M
Other Non Operating Income (Expenses)	5M	-1M	12M	-3M	-3M
EBT, Excl. Unusual Items	-14M	781M	1.44B	491M	37M
Restructuring Charges	-8M	-	-2M	-5M	-3M
Impairment of Goodwill	-1M	-	-	-	-
Gain (Loss) On Sale Of Investments	-27M	-7M	-7M	4M	21M
Gain (Loss) On Sale Of Assets	2M	-1M	-	-	-
Asset Writedown	-493M	117M	-221M	-218M	-13M
Other Unusual Items	-14M	-1M	-16M	-172M	-
EBT, Incl. Unusual Items	-555M	889M	1.19B	100M	42M
Income Tax Expense	121M	98M	264M	88M	94M
Earnings From Continuing Operations	-676M	791M	930M	12M	-52M
Earnings Of Discontinued Operations	-	-426M	-156M	6M	-
Net Income to Company	-676M	365M	774M	18M	-52M
Minority Interest	1M	-67M	-34M	91M	66M
Net Income - (IS)	-675M	298M	740M	109M	14M
Net Income to Common Incl Extra Items	-675M	298M	740M	109M	14M
Net Income to Common Excl. Extra Items	-675M	724M	896M	103M	14M
Per Share Items
Net EPS - Basic	-25.47	10.43	25.81	3.81	0.49
Basic EPS - Continuing Operations	-25.47	25.34	31.25	3.6	0.49
Basic Weighted Average Shares Outstanding	26.51M	28.57M	28.67M	28.59M	28.62M
Net EPS - Diluted	-25.47	10.39	25.47	3.75	0.49
Diluted EPS - Continuing Operations	-25.47	25.24	30.84	3.54	0.49
Diluted Weighted Average Shares Outstanding	26.51M	28.69M	29.04M	28.94M	28.92M
Normalized Basic EPS	-0.29	14.74	30.2	13.92	3.11
Normalized Diluted EPS	-0.29	14.68	29.82	13.75	3.08
Dividend Per Share	-	2.5	3.5	1.5	1.5
Payout Ratio	-0.59	1.34	9.73	91.74	307.14
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	312M	1.02B	1.5B	244M	287M
EBITA	68M	794M	1.28B	50M	83M
EBIT	41M	754M	1.24B	15M	49M
Effective Tax Rate - (Ratio)	-21.8	11.02	22.11	88	223.81
Total Current Taxes	119M	123M	234M	107M	117M
Total Deferred Taxes	2M	-25M	30M	-19M	-23M
Normalized Net Income	-7.75M	421M	866M	398M	89.12M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	3M	-16M	1M	5M	2M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	6M	6M	8M	11M	10M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	6M	6M	8M	11M	10M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.46B	789M	1.12B	1.08B	631M
Short Term Investments	395M	387M	537M	522M	282M
Trading Asset Securities, Total	-	-	8M	10M	16M
Total Cash And Short Term Investments	1.86B	1.18B	1.67B	1.62B	929M
Accounts Receivable, Total	348M	375M	369M	221M	217M
Other Receivables	293M	294M	433M	140M	240M
Total Receivables	641M	669M	802M	361M	457M
Inventory	906M	577M	724M	619M	692M
Other Current Assets, Total	73M	694M	788M	376M	334M
Total Current Assets	3.48B	3.12B	3.98B	2.97B	2.41B
Gross Property Plant And Equipment	6.32B	5.32B	5.64B	5.78B	6.59B
Accumulated Depreciation	-4.11B	-3B	-3.34B	-3.47B	-3.69B
Net Property Plant And Equipment	2.21B	2.32B	2.3B	2.31B	2.9B
Long-term Investments	299M	272M	310M	458M	534M
Goodwill	201M	206M	208M	186M	187M
Other Intangibles, Total	243M	210M	166M	143M	151M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	2M	41M	44M	64M	93M
Deferred Charges Long-Term	36M	61M	112M	105M	100M
Other Long-Term Assets, Total	18M	16M	39M	42M	86M
Total Assets	6.48B	6.24B	7.16B	6.28B	6.46B
Liabilities
Accounts Payable, Total	541M	403M	424M	445M	384M
Accrued Expenses, Total	412M	369M	460M	401M	286M
Short-term Borrowings	61M	101M	195M	97M	70M
Current Portion of Long-Term Debt	203M	352M	316M	498M	248M
Current Portion of Leases	23M	16M	25M	26M	25M
Current Income Taxes Payable	92M	110M	150M	88M	103M
Unearned Revenue Current, Total	31M	5M	1M	1M	17M
Other Current Liabilities	146M	793M	945M	196M	338M
Total Current Liabilities	1.51B	2.15B	2.52B	1.75B	1.47B
Long-Term Debt	2.82B	1.58B	1.38B	1.53B	1.82B
Long-Term Leases	90M	68M	91M	74M	59M
Pension & Other Post Retirement Benefits	150M	70M	60M	71M	69M
Deferred Tax Liability Non Current	221M	225M	270M	246M	251M
Other Non Current Liabilities	699M	820M	600M	607M	651M
Total Liabilities	5.48B	4.91B	4.91B	4.28B	4.32B
Common Stock, Total	81M	88M	88M	88M	88M
Additional Paid In Capital	377M	466M	466M	466M	466M
Treasury Stock	-14M	-18.9M	-22.6M	-26M	-17.7M
Comprehensive Income and Other	320M	477M	1.25B	1.07B	905M
Total Common Equity	764M	1.01B	1.78B	1.6B	1.44B
Minority Interest	233M	323M	464M	394M	698M
Total Equity	997M	1.34B	2.24B	1.99B	2.14B
Total Liabilities And Equity	6.48B	6.24B	7.16B	6.28B	6.46B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	26.47M	26.56M	26.63M	28.49M	28.49M
ECS Total Common Shares Outstanding	26.47M	26.56M	26.63M	28.49M	28.49M
Book Value / Share	28.86	38.11	66.87	56.15	50.57
Tangible Book Value	320M	596M	1.41B	1.27B	1.1B
Tangible Book Value Per Share	12.09	22.44	52.83	44.61	38.71
Total Debt	3.19B	2.11B	2B	2.23B	2.23B
Net Debt	1.34B	937M	336M	611M	1.3B
Debt Equivalent of Unfunded Proj. Benefit Obligation	200M	103M	90M	99M	95M
Minority Interest, Total (Incl. Fin. Div)	233M	323M	464M	394M	698M
Equity Method Investments, Total	99M	97M	297M	315M	389M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	356M	333M	466M	374M	409M
Inventories - Work In Process, Total	359M	38M	60M	45M	59M
Inventories - Finished Goods, Total	185M	206M	198M	198M	224M
Inventories - Others	6M	-	-	2M	-
Land - (BS)	954M	855M	874M	836M	880M
Full Time Employees	12.39K	12.41K	8.48K	8.57K	8.77K
Part Time Employees	-	-	-	-	58
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	11M	9M	14M	10M	13M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-675M	298M	740M	109M	14M
Depreciation & Amortization - CF	268M	246M	246M	213M	222M
Amortization of Goodwill and Intangible Assets - (CF)	27M	40M	39M	35M	34M
Depreciation & Amortization, Total	295M	286M	285M	248M	256M
(Gain) Loss From Sale Of Asset	2M	-12M	3M	96M	-
Asset Writedown & Restructuring Costs	489M	103M	237M	165M	11M
(Income) Loss On Equity Investments - (CF)	-86M	-121M	-258M	-295M	-166M
Net Cash From Discontinued Operations	-	-70M	-125M	-69M	-
Other Operating Activities, Total	-10M	239M	220M	-155M	-55M
Change In Accounts Receivable	13M	-107M	6M	153M	52M
Change In Inventories	177M	-124M	-150M	26M	-82M
Change In Accounts Payable	81M	71M	-21M	19M	-119M
Change in Other Net Operating Assets	23M	80M	54M	-125M	-36M
Cash from Operations	309M	643M	991M	172M	-125M
Capital Expenditure	-71M	-269M	-491M	-595M	-665M
Sale of Property, Plant, and Equipment	1M	2M	7M	6M	3M
Cash Acquisitions	-	-	-	-	-30M
Divestitures	-	6M	79M	229M	-
Sale (Purchase) of Intangible assets	-289M	-43M	-39M	-110M	-22M
Investment in Marketable and Equity Securities, Total	-16M	81M	78M	161M	323M
Other Investing Activities, Total	-	-55M	-147M	-248M	85M
Cash from Investing	-375M	-278M	-513M	-557M	-306M
Short Term Debt Issued, Total	-	57M	98M	-	-
Long-Term Debt Issued, Total	1.46B	120M	167M	1.42B	847M
Total Debt Issued	1.46B	177M	265M	1.42B	847M
Short Term Debt Repaid, Total	-9M	-	-	-69M	-29M
Long-Term Debt Repaid, Total	-482M	-1.2B	-398M	-1.14B	-502M
Total Debt Repaid	-491M	-1.2B	-398M	-1.2B	-531M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-4M	-8M	-7M	-10M	-5M
Common Dividends Paid	-4M	-4M	-72M	-100M	-43M
Common & Preferred Stock Dividends Paid	-4M	-4M	-72M	-100M	-43M
Other Financing Activities, Total	9M	10M	152M	164M	-280M
Cash from Financing	969M	-1.03B	-60M	269M	-12M
Foreign Exchange Rate Adjustments	2M	3M	-64M	45M	-10M
Miscellaneous Cash Flow Adjustments	-	-13M	-	-	-
Net Change in Cash	905M	-672M	354M	-71M	-453M
Supplemental Items
Cash Interest Paid	118M	114M	105M	144M	170M
Cash Income Tax Paid (Refund)	72M	117M	187M	172M	138M
Levered Free Cash Flow	204M	518M	396M	-418M	-627M
Unlevered Free Cash Flow	287M	589M	463M	-328M	-520M
Change In Net Working Capital	-320M	-138M	74M	-109M	130M
Net Debt Issued / Repaid	968M	-1.02B	-133M	215M	316M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.41	7.43	11.55	0.14	0.48
Return on Total Capital	0.64	12.4	20.11	0.22	0.71
Return On Equity %	-51.29	68.99	51.96	0.57	-2.52
Return on Common Equity	-62.44	83.36	64.16	6.09	0.92
Margin Analysis
Gross Profit Margin %	63.62	74.07	70.7	67.04	67.91
SG&A Margin	52.14	45.42	39.53	55.78	54.69
EBITDA Margin %	8.69	27.57	29.5	7.31	9.48
EBITA Margin %	1.89	21.4	25.03	1.5	2.74
EBIT Margin %	1.14	20.32	24.26	0.45	1.62
Income From Continuing Operations Margin %	-18.83	21.32	18.23	0.36	-1.72
Net Income Margin %	-18.8	8.03	14.5	3.26	0.46
Net Avail. For Common Margin %	-18.8	19.51	17.56	3.08	0.46
Normalized Net Income Margin	-0.22	11.35	16.97	11.91	2.95
Levered Free Cash Flow Margin	5.67	13.96	7.77	-12.5	-20.71
Unlevered Free Cash Flow Margin	7.98	15.88	9.07	-9.81	-17.2
Asset Turnover
Asset Turnover	0.58	0.58	0.76	0.5	0.48
Fixed Assets Turnover	1.51	1.64	2.21	1.45	1.16
Receivables Turnover (Average Receivables)	10.01	10.15	13.48	11.02	13.39
Inventory Turnover (Average Inventory)	1.3	1.3	2.3	1.64	1.48
Short Term Liquidity
Current Ratio	2.3	1.45	1.58	1.7	1.64
Quick Ratio	1.65	0.86	0.98	1.13	0.94
Operating Cash Flow to Current Liabilities	0.2	0.3	0.39	0.1	-0.08
Days Sales Outstanding (Average Receivables)	36.57	35.97	27.08	33.12	27.33
Days Outstanding Inventory (Average Inventory)	280.81	281.34	158.82	222.61	247.08
Average Days Payable Outstanding	164.11	272.16	91.92	159.23	145.31
Cash Conversion Cycle (Average Days)	153.27	45.15	93.98	96.5	129.09
Long Term Solvency
Total Debt/Equity	320.26	158.28	89.26	111.68	104.07
Total Debt / Total Capital	76.21	61.28	47.16	52.76	51
LT Debt/Equity	291.47	123.15	65.39	80.54	88.03
Long-Term Debt / Total Capital	69.36	47.68	34.55	38.05	43.14
Total Liabilities / Total Assets	84.62	78.62	68.64	68.23	66.91
EBIT / Interest Expense	0.31	6.61	11.68	0.1	0.29
EBITDA / Interest Expense	2.53	9.12	14.37	1.83	1.79
(EBITDA - Capex) / Interest Expense	1.99	6.76	9.74	-2.31	-2.12
Total Debt / EBITDA	9.5	2.03	1.32	8.47	7.3
Net Debt / EBITDA	3.98	0.9	0.22	2.32	4.25
Total Debt / (EBITDA - Capex)	12.05	2.74	1.94	-6.71	-6.18
Net Debt / (EBITDA - Capex)	5.05	1.22	0.33	-1.84	-3.6
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.16	31.84	37.52	-34.54	-9.4
Gross Profit, 1 Yr. Growth %	-5.27	41.14	31.26	-37.93	-8.22
EBITDA, 1 Yr. Growth %	-44.19	104.19	47.12	-83.79	17.62
EBITA, 1 Yr. Growth %	-77.56	208.95	60.83	-96.08	66
EBIT, 1 Yr. Growth %	-85.3	227.83	64.19	-98.79	226.67
Earnings From Cont. Operations, 1 Yr. Growth %	366.21	-594.38	17.57	-98.71	-533.33
Net Income, 1 Yr. Growth %	266.85	-144.15	148.32	-85.27	-87.16
Normalized Net Income, 1 Yr. Growth %	-112.97	314.39	105.64	-54.06	-77.6
Diluted EPS Before Extra, 1 Yr. Growth %	267.17	-520.77	22.19	-88.52	-86.18
Accounts Receivable, 1 Yr. Growth %	-3.87	7.76	-1.6	-40.11	-1.81
Inventory, 1 Yr. Growth %	-17.49	-36.31	25.48	-14.5	11.79
Net Property, Plant and Equip., 1 Yr. Growth %	-13.59	5.17	-0.99	0.35	25.8
Total Assets, 1 Yr. Growth %	8.38	-3.1	14.67	-12.33	3
Tangible Book Value, 1 Yr. Growth %	-67.31	112.1	135.68	-9.67	-13.22
Common Equity, 1 Yr. Growth %	-45.35	39.59	75.99	-10.16	-9.94
Cash From Operations, 1 Yr. Growth %	259.3	108.09	54.12	-82.64	-172.67
Capital Expenditures, 1 Yr. Growth %	-83.25	313.85	82.53	21.18	11.76
Levered Free Cash Flow, 1 Yr. Growth %	-226.3	41.97	-23.46	-205.33	50.04
Unlevered Free Cash Flow, 1 Yr. Growth %	-442.75	31.9	-21.47	-170.8	58.83
Dividend Per Share, 1 Yr. Growth %	-	-	40	-57.14	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.14	0.04	34.65	-5.12	-22.99
Gross Profit, 2 Yr. CAGR %	49.06	6.76	36.11	-9.74	-24.52
EBITDA, 2 Yr. CAGR %	-35.97	35.28	73.32	-51.16	-56.33
EBITA, 2 Yr. CAGR %	-63.38	61.88	122.91	-74.91	-74.51
EBIT, 2 Yr. CAGR %	-70.92	64.39	132	-85.9	-80.11
Earnings From Cont. Operations, 2 Yr. CAGR %	137.35	133.56	141.09	-87.68	-76.35
Net Income, 2 Yr. CAGR %	256.87	27.26	4.7	-39.52	-86.25
Normalized Net Income, 2 Yr. CAGR %	-81.25	165.48	191.92	-2.8	-67.92
Diluted EPS Before Extra, 2 Yr. CAGR %	273.04	90.77	126.74	-62.55	-87.41
Accounts Receivable, 2 Yr. CAGR %	-6.14	1.78	2.97	-23.23	-23.31
Inventory, 2 Yr. CAGR %	-2.19	-27.51	-10.61	3.58	-2.23
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.76	-4.67	2.04	-0.32	12.36
Total Assets, 2 Yr. CAGR %	3.98	2.17	5.41	0.26	-4.98
Tangible Book Value, 2 Yr. CAGR %	-48.21	-21.98	123.77	45.91	-11.46
Common Equity, 2 Yr. CAGR %	-31.03	-14.92	56.73	25.74	-10.05
Cash From Operations, 2 Yr. CAGR %	-15.91	173.44	79.08	-48.28	-64.48
Capital Expenditures, 2 Yr. CAGR %	-51.27	-20.35	174.84	48.72	16.38
Levered Free Cash Flow, 2 Yr. CAGR %	14.07	79.3	4.24	-10.21	25.71
Unlevered Free Cash Flow, 2 Yr. CAGR %	15.59	165.45	1.77	-25.43	6.04
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-22.54	-34.53
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.36	-0.35	11.23	5.88	-6.57
Gross Profit, 3 Yr. CAGR %	30.28	38.78	14.37	4.77	-9.23
EBITDA, 3 Yr. CAGR %	-25.65	10.36	39.12	-21.32	-34.54
EBITA, 3 Yr. CAGR %	-50.33	16.13	61.53	-42.06	-52.89
EBIT, 3 Yr. CAGR %	-57.28	15.84	64.33	-59.75	-59.8
Earnings From Cont. Operations, 3 Yr. CAGR %	44.94	87.5	85.8	-57.83	-59.64
Net Income, 3 Yr. CAGR %	49.26	77.82	59.03	-45.54	-63.92
Normalized Net Income, 3 Yr. CAGR %	-69.51	24.07	143.81	57.61	-40.41
Diluted EPS Before Extra, 3 Yr. CAGR %	53.58	139.82	64.44	-16.12	-73.14
Accounts Receivable, 3 Yr. CAGR %	-1.22	-1.72	0.64	-14.04	-16.67
Inventory, 3 Yr. CAGR %	2.19	-15.22	-12.96	-11.92	6.25
Net Property, Plant and Equip., 3 Yr. CAGR %	4.68	0.49	-3.46	1.47	7.72
Total Assets, 3 Yr. CAGR %	2.08	1.36	6.18	-0.87	1.17
Tangible Book Value, 3 Yr. CAGR %	-38.05	-20.65	12.85	65.38	22.71
Common Equity, 3 Yr. CAGR %	-23.31	-14.27	8.41	30.19	12.5
Cash From Operations, 3 Yr. CAGR %	-23.38	13.74	125.87	-17.74	-42.07
Capital Expenditures, 3 Yr. CAGR %	-32.99	-3.46	5.01	109.19	35.21
Levered Free Cash Flow, 3 Yr. CAGR %	-20.35	49.06	35.01	4.6	6.55
Unlevered Free Cash Flow, 3 Yr. CAGR %	-14.13	40.05	76.88	-9.82	-4.06
Dividend Per Share, 3 Yr. CAGR %	-	60.91	-	-	-15.66
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.55	4.66	7.51	-2.28	-3.98
Gross Profit, 5 Yr. CAGR %	51.2	37.26	28.41	16.85	-3.14
EBITDA, 5 Yr. CAGR %	49.34	31.62	14.67	-20.35	-12.48
EBITA, 5 Yr. CAGR %	-26.27	124.25	18.14	-37.08	-22.82
EBIT, 5 Yr. CAGR %	-34.57	113.49	18.67	-50.1	-29.38
Earnings From Cont. Operations, 5 Yr. CAGR %	-5.67	27.8	33.18	-36.9	-18.54
Net Income, 5 Yr. CAGR %	-1.12	10.73	29.52	15.51	-40.26
Normalized Net Income, 5 Yr. CAGR %	-41	76.62	25.92	12.53	8.33
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.24	30.05	34.41	14.11	-41.16
Accounts Receivable, 5 Yr. CAGR %	3.86	2.59	0.44	-10.97	-9.73
Inventory, 5 Yr. CAGR %	-0.67	-8.43	-3.14	-8.15	-8.82
Net Property, Plant and Equip., 5 Yr. CAGR %	0.85	3.27	3.62	0.17	2.58
Total Assets, 5 Yr. CAGR %	5.01	1.21	3.28	0.92	1.57
Tangible Book Value, 5 Yr. CAGR %	-21.84	-12.23	0.89	1.27	2.41
Common Equity, 5 Yr. CAGR %	-12.22	-7.75	1.01	-0.07	0.61
Cash From Operations, 5 Yr. CAGR %	88.45	45.68	7.6	-17.01	7.77
Capital Expenditures, 5 Yr. CAGR %	-20.74	4.88	15.78	14.75	9.42
Levered Free Cash Flow, 5 Yr. CAGR %	51.5	58.37	-0.31	21.71	31.21
Unlevered Free Cash Flow, 5 Yr. CAGR %	84.94	138.57	0.44	8.84	44.14
Dividend Per Share, 5 Yr. CAGR %	-	-	8.76	20.11	-