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 1,267 - -
Change - 7.91% -8.36% -24.51% 6.12% -22.49% - -
Enterprise Value (EV) 1 3,000 2,571 2,655 2,838 3,570 2,744 3,026 2,875
Change - -14.3% 3.26% 6.89% 25.81% -23.13% 10.26% -4.98%
P/E 6.9x 3.25x 18.9x 108x -3.46x -4.3x 21.7x 6.62x
PBR 1.89x 1.37x 1.29x 1.07x 2.29x 1.6x 1.86x 1.39x
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 0.35x
EV / Revenue 0.82x 0.51x 0.82x 0.97x 1.3x 0.85x 0.84x 0.79x
EV / EBITDA 2.85x 1.66x 7.65x 7.65x 9.6x 5.69x 4.17x 3.84x
EV / EBIT 3.83x 2.01x 20.9x 29.3x 325x 10.6x 6.02x 6.26x
EV / FCF 7.48x 4.39x -5.71x -3.9x -4.81x -11.5x -83.4x 55.2x
FCF Yield 13.4% 22.8% -17.5% -25.6% -20.8% -8.73% -1.2% 1.81%
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% - - 0.56% 1.12%
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 44.46 44.46 44.46
Nbr of stocks (in thousands) 28,683 26,558 28,542 28,451 28,359 28,502 - -
Announcement Date 2/23/22 2/22/23 2/21/24 2/19/25 2/18/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.28x4.12x7.4x3.36% 228B
12.17x3.01x6.53x4.83% 177B
16.04x4.53x7.5x3.03% 104B
13.21x0.41x6.53x3.16% 95.49B
27.3x6.77x17.77x-.--% 69.05B
53.76x3.31x8.13x1.13% 60.36B
16.04x3.26x6.45x0.56% 33.89B
14.16x4.61x7.01x4.09% 31.35B
13.52x4.86x8.58x3.79% 26.85B
Average 20.39x 3.87x 8.43x 2.66% 91.73B
Weighted average by Cap. 18.77x 3.67x 8.03x 3.09%

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