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 1,289 - -
Change - 7.91% -8.36% -24.51% 6.12% -21.17% - -
Enterprise Value (EV) 1 3,000 2,571 2,655 2,838 3,570 2,766 3,047 2,897
Change - -14.3% 3.26% 6.89% 25.81% -22.52% 10.18% -4.94%
P/E 6.9x 3.25x 18.9x 108x -3.46x -4.37x 22.1x 6.73x
PBR 1.89x 1.37x 1.29x 1.07x 2.29x 1.63x 1.89x 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 5.73x 4.2x 3.87x
EV / EBIT 3.83x 2.01x 20.9x 29.3x 325x 10.7x 6.06x 6.31x
EV / FCF 7.48x 4.39x -5.71x -3.9x -4.81x -11.5x -84x 55.7x
FCF Yield 13.4% 22.8% -17.5% -25.6% -20.8% -8.66% -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 45.22 45.22 45.22
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.($)
-4.37x0.86x5.73x-.--% 1.5B
16.7x4x7.19x3.48% 222B
11.75x2.91x6.3x5% 170B
15.25x4.39x7.24x3.12% 101B
13.22x0.41x6.57x3.14% 96.11B
27.65x6.69x17.74x-.--% 68.22B
56.4x3.19x7.82x2.27% 57.82B
15.46x3.14x6.22x0.59% 32.57B
13.7x4.43x6.79x4.32% 30.04B
12.98x4.65x8.22x3.94% 25.48B
Average 17.87x 3.47x 7.98x 2.59% 80.45B
Weighted average by Cap. 18.52x 3.55x 7.85x 3.26%

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

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