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 1,302 - -
Change - 7.91% -8.36% -24.51% 6.12% -20.36% - -
Enterprise Value (EV) 1 3,000 2,571 2,655 2,838 3,570 2,779 3,061 2,910
Change - -14.3% 3.26% 6.89% 25.81% -22.16% 10.13% -4.92%
P/E 6.9x 3.25x 18.9x 108x -3.46x -4.42x 22.3x 6.8x
PBR 1.89x 1.37x 1.29x 1.07x 2.29x 1.64x 1.91x 1.43x
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 0.36x
EV / Revenue 0.82x 0.51x 0.82x 0.97x 1.3x 0.86x 0.85x 0.8x
EV / EBITDA 2.85x 1.66x 7.65x 7.65x 9.6x 5.76x 4.22x 3.89x
EV / EBIT 3.83x 2.01x 20.9x 29.3x 325x 10.8x 6.09x 6.34x
EV / FCF 7.48x 4.39x -5.71x -3.9x -4.81x -11.6x -84.3x 55.9x
FCF Yield 13.4% 22.8% -17.5% -25.6% -20.8% -8.62% -1.19% 1.79%
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% - - 0.55% 1.09%
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 45.68 45.68 45.68
Nbr of stocks (in thousands) 28,683 26,558 28,542 28,451 28,359 28,502 - -
Announcement Date 23/02/22 22/02/23 21/02/24 19/02/25 18/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.4x4.17x7.49x3.34% 231B
11.74x2.93x6.35x5.01% 171B
15.22x4.38x7.22x3.13% 101B
13.17x0.4x6.52x3.17% 95.22B
27.65x6.69x17.74x-.--% 68.23B
56.16x3.18x7.79x2.28% 57.57B
15.31x3.11x6.17x0.59% 32.38B
13.32x4.32x6.56x4.39% 29.5B
13.38x4.8x8.49x3.83% 26.24B
Average 20.37x 3.77x 8.26x 2.86% 90.28B
Weighted average by Cap. 18.69x 3.62x 7.93x 3.23%

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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