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 1,286 - -
Change - 7.91% -8.36% -24.51% 6.12% -21.34% - -
Enterprise Value (EV) 1 3,000 2,571 2,655 2,838 3,570 2,763 3,045 2,894
Change - -14.3% 3.26% 6.89% 25.81% -22.6% 10.19% -4.95%
P/E 6.9x 3.25x 18.9x 108x -3.46x -4.36x 22x 6.72x
PBR 1.89x 1.37x 1.29x 1.07x 2.29x 1.62x 1.89x 1.41x
PEG - 0x -0.2x -1.2x 0x 0.1x -0x 0x
Capitalization / Revenue 0.56x 0.44x 0.63x 0.53x 0.59x 0.4x 0.36x 0.35x
EV / Revenue 0.82x 0.51x 0.82x 0.97x 1.3x 0.86x 0.85x 0.79x
EV / EBITDA 2.85x 1.66x 7.65x 7.65x 9.6x 5.73x 4.2x 3.87x
EV / EBIT 3.83x 2.01x 20.9x 29.3x 325x 10.7x 6.06x 6.3x
EV / FCF 7.48x 4.39x -5.71x -3.9x -4.81x -11.5x -83.9x 55.6x
FCF Yield 13.4% 22.8% -17.5% -25.6% -20.8% -8.67% -1.19% 1.8%
Dividend per Share 2 2.5 3.5 1.5 1.5 - - 0.25 0.5
Rate of return 3.47% 4.17% 2.1% 2.77% - - 0.55% 1.11%
EPS 2 10.42 25.81 3.79 0.5 -16.67 -10.35 2.047 6.715
Distribution rate 24% 13.6% 39.6% 300% - - 12.2% 7.45%
Net sales 1 3,668 5,014 3,251 2,933 2,753 3,223 3,589 3,658
EBITDA 1 1,051 1,553 347 371 372 482.5 725.1 748.2
EBIT 1 784 1,280 127 97 11 258 502.5 459.1
Net income 1 298 740 109 14 -477 -296.2 53.19 113
Net Debt 1 936 344 614 1,297 1,935 1,477 1,759 1,608
Reference price 2 71.95 83.85 71.50 54.15 57.65 45.12 45.12 45.12
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-4.33x0.85x5.71x-.--% 1.49B
18.6x4.4x7.91x3.12% 246B
12.36x3.05x6.62x4.76% 180B
16.72x4.73x7.81x2.88% 107B
13.22x0.4x6.54x3.14% 95.52B
28.77x7.1x18.66x-.--% 72.78B
54.74x3.36x8.27x1.13% 61.45B
16.58x3.36x6.65x0.55% 34.89B
14.14x4.6x7x4.1% 31.31B
14.13x5.11x9.05x3.62% 27.78B
Average 18.49x 3.70x 8.42x 2.33% 85.76B
Weighted average by Cap. 19.48x 3.85x 8.36x 2.97%

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