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 1,259 - -
Change - 7.91% -8.36% -24.51% 6.12% -23.01% - -
Enterprise Value (EV) 1 3,000 2,571 2,655 2,838 3,570 2,996 3,037 2,874
Change - -14.3% 3.26% 6.89% 25.81% -16.08% 1.38% -5.38%
P/E 6.9x 3.25x 18.9x 108x -3.46x -4.97x 17.7x 7.01x
PBR 1.89x 1.37x 1.29x 1.07x 2.29x 1.2x 1.39x 1.15x
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 0.35x 0.35x
EV / Revenue 0.82x 0.51x 0.82x 0.97x 1.3x 0.94x 0.85x 0.79x
EV / EBITDA 2.85x 1.66x 7.65x 7.65x 9.6x 6.6x 4.36x 4.01x
EV / EBIT 3.83x 2.01x 20.9x 29.3x 325x 11.6x 7.03x 6.92x
EV / FCF 7.48x 4.39x -5.71x -3.9x -4.81x -12.5x -83.7x 55.2x
FCF Yield 13.4% 22.8% -17.5% -25.6% -20.8% -8% -1.2% 1.81%
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% 1.27%
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 44.16 44.16 44.16
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.($)
16.54x3.91x7.07x3.56% 216B
11.1x2.74x5.99x5.35% 160B
15.14x4.35x7.19x3.14% 100B
11.78x0.38x6.03x3.43% 87.17B
25.42x6.26x16.33x-.--% 63.02B
59.3x3.2x7.82x2.27% 58.08B
16.41x3.33x6.52x0.55% 33.64B
12.14x3.85x5.94x5.13% 26.28B
12.47x4.49x7.88x3.98% 24.48B
Average 20.03x 3.61x 7.86x 3.05% 85.42B
Weighted average by Cap. 18.36x 3.45x 7.52x 3.41%

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