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 1,248 - -
Change - 7.91% -8.36% -24.51% 6.12% -23.68% - -
Enterprise Value (EV) 1 3,000 2,571 2,655 2,838 3,570 2,985 3,026 2,863
Change - -14.3% 3.26% 6.89% 25.81% -16.39% 1.38% -5.4%
P/E 6.9x 3.25x 18.9x 108x -3.46x -4.92x 17.5x 6.95x
PBR 1.89x 1.37x 1.29x 1.07x 2.29x 1.19x 1.38x 1.14x
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 0.78x
EV / EBITDA 2.85x 1.66x 7.65x 7.65x 9.6x 6.57x 4.35x 4x
EV / EBIT 3.83x 2.01x 20.9x 29.3x 325x 11.6x 7x 6.9x
EV / FCF 7.48x 4.39x -5.71x -3.9x -4.81x -12.5x -83.4x 55x
FCF Yield 13.4% 22.8% -17.5% -25.6% -20.8% -8.03% -1.2% 1.82%
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 -8.89 2.496 6.302
Distribution rate 24% 13.6% 39.6% 300% - - 12.5% 8.93%
Net sales 1 3,668 5,014 3,251 2,933 2,753 3,179 3,572 3,647
EBITDA 1 1,051 1,553 347 371 372 454 696.3 716.4
EBIT 1 784 1,280 127 97 11 258.1 432.1 415.1
Net income 1 298 740 109 14 -477 -311.1 90.05 113
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 43.78 43.78 43.78
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.($)
16.17x3.83x6.93x3.64% 212B
10.93x2.7x5.9x5.4% 157B
14.5x4.16x6.87x3.28% 95.95B
11.43x0.37x5.91x3.54% 84.55B
25.42x6.26x16.33x-.--% 63.02B
57.51x3.11x7.62x2.34% 56.33B
15.58x3.17x6.24x0.58% 31.95B
12.05x3.82x5.89x5.17% 26.09B
12.47x4.49x7.88x3.98% 24.44B
Average 19.56x 3.55x 7.73x 3.1% 83.5B
Weighted average by Cap. 17.91x 3.39x 7.40x 3.48%

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