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 1,296 - -
Change - 7.91% -8.36% -24.51% 6.12% -20.75% - -
Enterprise Value (EV) 1 3,000 2,571 2,655 2,838 3,570 2,773 3,054 2,904
Change - -14.3% 3.26% 6.89% 25.81% -22.33% 10.15% -4.93%
P/E 6.9x 3.25x 18.9x 108x -3.46x -4.39x 22.2x 6.77x
PBR 1.89x 1.37x 1.29x 1.07x 2.29x 1.64x 1.9x 1.42x
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 5.75x 4.21x 3.88x
EV / EBIT 3.83x 2.01x 20.9x 29.3x 325x 10.7x 6.08x 6.32x
EV / FCF 7.48x 4.39x -5.71x -3.9x -4.81x -11.6x -84.1x 55.8x
FCF Yield 13.4% 22.8% -17.5% -25.6% -20.8% -8.64% -1.19% 1.79%
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% 1.1%
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 45.46 45.46 45.46
Nbr of stocks (in thousands) 28,683 26,558 28,542 28,451 28,359 28,502 - -
Announcement Date 2/23/22 A 2/22/23 A 2/21/24 A 2/19/25 A 2/18/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.59x4.39x7.9x3.12% 245B
12.26x3.03x6.57x4.8% 178B
16.38x4.61x7.63x3.03% 105B
13.12x0.4x6.5x3.16% 94.78B
27.55x6.82x17.92x-.--% 69.69B
55.25x3.39x8.34x1.12% 62.02B
16.18x3.28x6.5x0.56% 34.05B
14.31x4.66x7.09x4.05% 31.67B
14.01x5.04x8.9x3.65% 27.49B
Average 20.85x 3.96x 8.60x 2.61% 94.27B
Weighted average by Cap. 19.39x 3.80x 8.23x 3.01%

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