Company Valuation: Aperam S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,711 2,232 2,376 1,823 2,549 3,391 - -
Change - -39.86% 6.44% -23.26% 39.82% 33.04% - -
Enterprise Value (EV) 1 4,177 2,700 2,867 2,367 3,527 4,341 4,189 3,968
Change - -35.36% 6.17% -17.42% 49% 23.07% -3.49% -5.28%
P/E 3.92x 3.56x 11.8x 7.96x 271x 18.2x 10.6x 8.57x
PBR 1.29x 0.66x 0.7x 0.54x 0.8x 1.05x 0.99x 0.92x
PEG - -0.1x -0.2x 0.6x -2.8x 0x 0.1x 0.4x
Capitalization / Revenue 0.73x 0.27x 0.36x 0.29x 0.42x 0.51x 0.46x 0.44x
EV / Revenue 0.82x 0.33x 0.43x 0.38x 0.58x 0.66x 0.57x 0.51x
EV / EBITDA 3.94x 2.39x 9.43x 6.65x 10.4x 8.69x 5.85x 4.97x
EV / EBIT 4.56x 2.86x 28.7x 18.6x 44.1x 15.7x 8.72x 7.05x
EV / FCF 10.5x 7.8x 17.1x 18.9x 12.4x 23.6x 16.3x 11.9x
FCF Yield 9.53% 12.8% 5.86% 5.28% 8.08% 4.24% 6.13% 8.4%
Dividend per Share 2 2 2 2 2 2 2 2.14 2.255
Rate of return 4.2% 6.78% 6.08% 7.93% 5.68% 4.27% 4.57% 4.82%
EPS 2 12.16 8.29 2.79 3.17 0.13 2.578 4.423 5.459
Distribution rate 16.4% 24.1% 71.7% 63.1% 1,538% 77.6% 48.4% 41.3%
Net sales 1 5,102 8,156 6,592 6,255 6,080 6,616 7,350 7,730
EBITDA 1 1,060 1,129 304 356 339 499.6 715.6 799.1
EBIT 1 916 943 100 127 80 276.8 480.2 562.9
Net income 1 968 625 203 231 9 178.4 319.2 390.1
Net Debt 1 466 468 491 544 978 949.4 797.8 576.5
Reference price 2 47.64 29.49 32.88 25.22 35.24 46.80 46.80 46.80
Nbr of stocks (in thousands) 77,900 75,684 72,249 72,288 72,333 72,464 - -
Announcement Date 2/11/22 2/10/23 2/9/24 2/7/25 2/6/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.16x0.66x8.69x4.27% 3.93B
20.93x1.83x10.13x0.55% 32.73B
11.7x0.44x4.3x4.7% 18.2B
19.78x1.91x9.88x0.22% 11.91B
8.99x0.64x4.18x4.88% 10.67B
16.79x0.91x7.64x5.46% 10.26B
60.1x5.26x29.84x0.44% 10.44B
10.22x - - - 10.33B
86.67x1.43x15.77x1.12% 9.02B
Average 28.15x 1.64x 11.30x 2.71% 13.05B
Weighted average by Cap. 25.43x 1.66x 10.62x 2.29%

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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  4. Valuation Aperam S.A.