APERAM S.A. |
Real-time
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.86 EUR | -0.77% |
|
-2.42% | -21.35% |
| May. 30 | Curtain down for the BHP-Anglo takeover saga |  |
| May. 29 | Anglo rejects BHP’s call for an extended negotiation timeline | |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,276 | 2,731 | 3,711 | 2,232 | 2,376 | 1,907 | - | - |
| Enterprise Value (EV) 1 | 2,351 | 2,798 | 4,177 | 2,700 | 2,867 | 2,435 | 2,339 | 2,221 |
| P/E ratio | 15.7 x | 15.6 x | 3.92 x | 3.56 x | 11.8 x | 24.1 x | 7.04 x | 5.67 x |
| Yield | 6.14% | 5.13% | 4.2% | 6.78% | - | 7.67% | 7.67% | 8.47% |
| Capitalization / Revenue | 0.54 x | 0.75 x | 0.73 x | 0.27 x | 0.36 x | 0.28 x | 0.26 x | 0.25 x |
| EV / Revenue | 0.55 x | 0.77 x | 0.82 x | 0.33 x | 0.43 x | 0.36 x | 0.32 x | 0.3 x |
| EV / EBITDA | 6.91 x | 9.55 x | 3.94 x | 2.39 x | 9.43 x | 7.34 x | 3.97 x | 3.34 x |
| EV / FCF | 8.37 x | 14.4 x | 10.5 x | 7.8 x | 17.1 x | 22.5 x | 11.2 x | 7.67 x |
| FCF Yield | 12% | 6.93% | 9.53% | 12.8% | 5.86% | 4.43% | 8.9% | 13% |
| Price to Book | 0.96 x | 1.24 x | 1.29 x | 0.66 x | 0.7 x | 0.57 x | 0.55 x | 0.52 x |
| Nbr of stocks (in thousands) | 79,822 | 79,996 | 77,900 | 75,684 | 72,249 | 73,185 | - | - |
| Reference price 2 | 28.51 | 34.14 | 47.64 | 29.49 | 32.88 | 26.06 | 26.06 | 26.06 |
| Announcement Date | 2/5/20 | 2/10/21 | 2/11/22 | 2/10/23 | 2/9/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,240 | 3,624 | 5,102 | 8,156 | 6,592 | 6,832 | 7,288 | 7,496 |
| EBITDA 1 | 340 | 293 | 1,060 | 1,129 | 304 | 332 | 589 | 664.5 |
| EBIT 1 | 190 | 149 | 916 | 943 | 100 | 123.5 | 380.2 | 455.3 |
| Operating Margin | 4.48% | 4.11% | 17.95% | 11.56% | 1.52% | 1.81% | 5.22% | 6.07% |
| Earnings before Tax (EBT) 1 | 185 | 238 | 1,043 | 752 | 117 | 106.9 | 376.6 | 444.1 |
| Net income 1 | 148 | 175 | 968 | 625 | 203 | 78.54 | 266.6 | 327 |
| Net margin | 3.49% | 4.83% | 18.97% | 7.66% | 3.08% | 1.15% | 3.66% | 4.36% |
| EPS 2 | 1.820 | 2.190 | 12.16 | 8.290 | 2.790 | 1.081 | 3.702 | 4.592 |
| Free Cash Flow 1 | 281 | 194 | 398 | 346 | 168 | 108 | 208 | 289.7 |
| FCF margin | 6.63% | 5.35% | 7.8% | 4.24% | 2.55% | 1.58% | 2.85% | 3.87% |
| FCF Conversion (EBITDA) | 82.65% | 66.21% | 37.55% | 30.65% | 55.26% | 32.53% | 35.32% | 43.6% |
| FCF Conversion (Net income) | 189.86% | 110.86% | 41.12% | 55.36% | 82.76% | 137.52% | 78.03% | 88.6% |
| Dividend per Share 2 | 1.750 | 1.750 | 2.000 | 2.000 | - | 2.000 | 2.000 | 2.206 |
| Announcement Date | 2/5/20 | 2/10/21 | 2/11/22 | 2/10/23 | 2/9/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,257 | 1,396 | 2,265 | 2,457 | 1,818 | 1,616 | 1,876 | 1,702 | 1,463 | 1,551 | 1,657 | 1,715 | 1,603 |
| EBITDA 1 | 278 | 345 | 363 | 402 | 235 | 129 | 127 | 103 | 19 | 55 | 55 | 78 | 81 |
| EBIT 1 | 241 | 309 | 266 | 356 | 187 | 81 | - | - | - | 1 | -3 | - | - |
| Operating Margin | 19.17% | 22.13% | 11.74% | 14.49% | 10.29% | 5.01% | - | - | - | 0.06% | -0.18% | - | - |
| Earnings before Tax (EBT) | 250 | - | - | 424 | 121 | -35 | 167 | - | - | - | - | - | - |
| Net income 1 | 201 | 438 | 187 | 317 | 121 | - | 132 | 43 | -42 | 70 | -19 | 9 | 11 |
| Net margin | 15.99% | 31.38% | 8.26% | 12.9% | 6.66% | - | 7.04% | 2.53% | -2.87% | 4.51% | -1.15% | 0.52% | 0.69% |
| EPS 2 | 2.530 | 5.530 | 2.400 | 4.150 | 1.640 | - | 1.830 | - | - | 0.9600 | 0.1400 | - | - |
| Dividend per Share | - | 2.000 | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/12/21 | 2/11/22 | 5/6/22 | 7/29/22 | 11/10/22 | 2/10/23 | 5/3/23 | 7/27/23 | 11/10/23 | 2/9/24 | 5/3/24 | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 75 | 67 | 466 | 468 | 491 | 528 | 431 | 314 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.2206 x | 0.2287 x | 0.4396 x | 0.4145 x | 1.615 x | 1.591 x | 0.7325 x | 0.4724 x |
| Free Cash Flow 1 | 281 | 194 | 398 | 346 | 168 | 108 | 208 | 290 |
| ROE (net income / shareholders' equity) | 6.01% | 7.59% | 37.6% | 19.7% | 5.95% | 2.04% | 7.96% | 9.3% |
| ROA (Net income/ Total Assets) | 4.33% | 5.21% | 24.3% | 10.3% | - | 1.58% | 5.38% | 7.12% |
| Assets 1 | 3,421 | 3,357 | 3,983 | 6,084 | - | 4,981 | 4,957 | 4,594 |
| Book Value Per Share 2 | 29.70 | 27.60 | 37.00 | 44.90 | 47.30 | 45.50 | 47.50 | 50.20 |
| Cash Flow per Share 2 | 4.910 | 3.780 | 6.910 | 8.510 | 6.470 | 3.780 | 6.430 | 7.900 |
| Capex 1 | 151 | 109 | 152 | 296 | 303 | 155 | 185 | 188 |
| Capex / Sales | 3.56% | 3.01% | 2.98% | 3.63% | 4.6% | 2.27% | 2.54% | 2.51% |
| Announcement Date | 2/5/20 | 2/10/21 | 2/11/22 | 2/10/23 | 2/9/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
26.06
EUR
Average target price
30.54
EUR
Spread / Average Target
+17.21%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -20.99% | 2.07B | |
| +0.83% | 25.62B | |
| +18.89% | 21.11B | |
| +37.32% | 12.1B | |
| -12.78% | 11.1B | |
| +7.55% | 10.52B | |
| 0.00% | 9.15B | |
| -0.99% | 8.25B | |
| +25.65% | 8.39B | |
| +39.26% | 7.66B |
- Stock Market
- Equities
- APAM Stock
- Financials Aperam S.A.
