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 1,279 - -
Change - 7.91% -8.36% -24.51% 6.12% -21.79% - -
Enterprise Value (EV) 1 3,000 2,571 2,655 2,838 3,570 2,756 3,037 2,886
Change - -14.3% 3.26% 6.89% 25.81% -22.81% 10.22% -4.96%
P/E 6.9x 3.25x 18.9x 108x -3.46x -4.34x 21.9x 6.68x
PBR 1.89x 1.37x 1.29x 1.07x 2.29x 1.61x 1.88x 1.4x
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 5.71x 4.19x 3.86x
EV / EBIT 3.83x 2.01x 20.9x 29.3x 325x 10.7x 6.04x 6.29x
EV / FCF 7.48x 4.39x -5.71x -3.9x -4.81x -11.5x -83.7x 55.5x
FCF Yield 13.4% 22.8% -17.5% -25.6% -20.8% -8.7% -1.2% 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% - - 0.56% 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 44.88 44.88 44.88
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.($)
17.85x4.25x7.64x3.25% 236B
12.05x2.98x6.47x4.88% 175B
15.99x4.49x7.42x3.1% 103B
13.07x0.4x6.48x3.19% 94.46B
26.85x6.67x17.5x-.--% 67.92B
53.29x3.28x8.07x1.14% 59.82B
15.58x3.17x6.27x0.58% 32.9B
13.82x4.49x6.83x4.19% 30.59B
13.25x4.76x8.4x3.86% 26.3B
Average 20.20x 3.83x 8.34x 2.69% 91.72B
Weighted average by Cap. 18.77x 3.68x 8.01x 3.1%

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