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 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.($)
16.47x3.89x7.03x3.58% 215B
11.22x2.77x6.05x5.25% 161B
14.85x4.27x7.04x3.21% 98.27B
11.78x0.38x6.02x3.46% 86.51B
25.37x6.24x16.25x-.--% 62.7B
51.66x3.18x7.79x2.27% 57.75B
15.73x3.2x6.3x0.58% 32.38B
12.35x3.92x6.04x5.05% 26.69B
12.65x4.56x8.01x3.92% 24.91B
Average 19.12x 3.60x 7.84x 3.04% 85.06B
Weighted average by Cap. 17.71x 3.44x 7.49x 3.42%

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