View ValuationERAMET 将来の成長Future 基準チェック /46ERAMET利益と収益がそれぞれ年間101.9%と10.2%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に12.1% 104.8%なると予測されています。主要情報101.9%収益成長率104.79%EPS成長率Metals and Mining 収益成長19.1%収益成長率10.2%将来の株主資本利益率12.10%アナリストカバレッジLow最終更新日08 May 2026今後の成長に関する最新情報お知らせ • Apr 26Eramet S.A. Provides Its Production Guidance for the Year 2026ERAMET S.A. provided its production guidance for the year 2026. For the period, the company expects manganese ore Transported volumes between 6.4 to 6.8 Mt; Nickel ore: Limited to 9 Mwmt on the basis of the initial 12 Mwmt RKAB, with a request for an upward revision currently being submitted; Lithium carbonate: 17 - 20 kt-LCE.お知らせ • Feb 26Eramet Group Announces the Fire At the Extraction Unit of the Eramet Grande Cote Site in SenegalEramet announced that on February 22, at around 3:00 p.m., a fire broke out at the extraction plant of the Eramet Grande Cote site, a subsidiary of the Eramet Group in Senegal specializing in the mining of mineral sands. The facility, which had been shut down for several days for scheduled maintenance operations, was immediately evacuated and secured. No casualty or injuries have been reported. The fire was brought under control at around 8:00 p.m. Investigations are underway to determine its causes and assess its impact on the site's operations. As soon as the fire started at the WCP (Wet Concentration Plant) extraction facility, territorial and administrative authorities were informed, and a dedicated system was activated to ensure regular and transparent communication with neighboring communities regarding developments. The immediate intervention of Eramet Grande Cote's internal emergency response teams (ERT - Emergency Response Team), mobilized without delay in coordination with firefighters from nearby localities, made it possible to contain the situation and extinguish the fire. The teams then carried out cooling operations on the facilities while continuing to secure the affected perimeter. The safety of employees, contractors, and surrounding communities remains the absolute priority of the Eramet Group and its subsidiary Eramet Grande Cote. An investigation is ongoing to determine the causes of the fire, verify the overall condition of the plant, and assess the impact of the event on the site's operations. Initial findings indicate that the fire was contained upstream of the WCP and that the spiral concentrators used for mineral sands separation were not affected. The Eramet Group will provide further updates as soon as additional information becomes available.Major Estimate Revision • Feb 20Consensus revenue estimates decrease by 12%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €3.67b to €3.23b. EPS estimate unchanged from €0.92 per share at last update. Metals and Mining industry in France expected to see average net income growth of 46% next year. Consensus price target down from €62.30 to €55.40. Share price fell 18% to €48.98 over the past week.Price Target Changed • Feb 19Price target decreased by 7.9% to €57.40Down from €62.30, the current price target is an average from 5 analysts. New target price is 25% above last closing price of €46.10. Stock is down 19% over the past year. The company is forecast to post a net loss per share of €9.09 compared to earnings per share of €0.49 last year.Major Estimate Revision • Feb 16Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €3.23b to €2.88b. EPS estimate unchanged from -€9.09 per share at last update. Metals and Mining industry in France expected to see average net income growth of 46% next year. Consensus price target down from €62.30 to €59.00. Share price fell 7.8% to €59.00 over the past week.Major Estimate Revision • Jan 28Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€7.11 to -€8.01 per share. Revenue forecast unchanged at €3.12b. Metals and Mining industry in France expected to see average net income growth of 34% next year. Consensus price target up from €59.90 to €61.50. Share price fell 3.4% to €78.80 over the past week.すべての更新を表示Recent updatesお知らせ • Apr 26Eramet S.A. Provides Its Production Guidance for the Year 2026ERAMET S.A. provided its production guidance for the year 2026. For the period, the company expects manganese ore Transported volumes between 6.4 to 6.8 Mt; Nickel ore: Limited to 9 Mwmt on the basis of the initial 12 Mwmt RKAB, with a request for an upward revision currently being submitted; Lithium carbonate: 17 - 20 kt-LCE.お知らせ • Apr 21ERAMET S.A., Annual General Meeting, May 27, 2026ERAMET S.A., Annual General Meeting, May 27, 2026. Location: 10 boulevard de grenelle, paris Franceお知らせ • Apr 11ERAMET S.A. to Report First Half, 2026 Results on Jul 29, 2026ERAMET S.A. announced that they will report first half, 2026 results on Jul 29, 2026お知らせ • Feb 26Eramet Group Announces the Fire At the Extraction Unit of the Eramet Grande Cote Site in SenegalEramet announced that on February 22, at around 3:00 p.m., a fire broke out at the extraction plant of the Eramet Grande Cote site, a subsidiary of the Eramet Group in Senegal specializing in the mining of mineral sands. The facility, which had been shut down for several days for scheduled maintenance operations, was immediately evacuated and secured. No casualty or injuries have been reported. The fire was brought under control at around 8:00 p.m. Investigations are underway to determine its causes and assess its impact on the site's operations. As soon as the fire started at the WCP (Wet Concentration Plant) extraction facility, territorial and administrative authorities were informed, and a dedicated system was activated to ensure regular and transparent communication with neighboring communities regarding developments. The immediate intervention of Eramet Grande Cote's internal emergency response teams (ERT - Emergency Response Team), mobilized without delay in coordination with firefighters from nearby localities, made it possible to contain the situation and extinguish the fire. The teams then carried out cooling operations on the facilities while continuing to secure the affected perimeter. The safety of employees, contractors, and surrounding communities remains the absolute priority of the Eramet Group and its subsidiary Eramet Grande Cote. An investigation is ongoing to determine the causes of the fire, verify the overall condition of the plant, and assess the impact of the event on the site's operations. Initial findings indicate that the fire was contained upstream of the WCP and that the spiral concentrators used for mineral sands separation were not affected. The Eramet Group will provide further updates as soon as additional information becomes available.Reported Earnings • Feb 24Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €2.75b (down 9.0% from FY 2024). Net loss: €477.0m (down €491.0m from profit in FY 2024). Revenue missed analyst estimates by 4.4%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in Europe.Major Estimate Revision • Feb 20Consensus revenue estimates decrease by 12%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €3.67b to €3.23b. EPS estimate unchanged from €0.92 per share at last update. Metals and Mining industry in France expected to see average net income growth of 46% next year. Consensus price target down from €62.30 to €55.40. Share price fell 18% to €48.98 over the past week.New Risk • Feb 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows.Price Target Changed • Feb 19Price target decreased by 7.9% to €57.40Down from €62.30, the current price target is an average from 5 analysts. New target price is 25% above last closing price of €46.10. Stock is down 19% over the past year. The company is forecast to post a net loss per share of €9.09 compared to earnings per share of €0.49 last year.Major Estimate Revision • Feb 16Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €3.23b to €2.88b. EPS estimate unchanged from -€9.09 per share at last update. Metals and Mining industry in France expected to see average net income growth of 46% next year. Consensus price target down from €62.30 to €59.00. Share price fell 7.8% to €59.00 over the past week.お知らせ • Feb 02Eramet Announces CEO Changes, Effective from February 1, 2025The Board of Directors of Eramet, meeting on February 1st, has decided to terminate the mandate of Mr. Paulo Castellari as Chief Executive Officer, due to divergences on operating methods. The termination of his mandate as Chief Executive Officer takes effect this evening. The Board of Directors has appointed its Chairwoman, Ms. Christel Bories, as Chief Executive Officer of the Group on an interim basis, pending the completion of a process to select a new Chief Executive Officer. Upon the appointment of the new CEO, the roles of Chair and Chief Executive Officer will once again be separated. The Board of Directors thanks Paulo Castellari for his efforts and reaffirms its support for the teams, who remain strongly committed to improving safety, operational performance and cost-reduction efforts. These priorities continue to be key in a challenging environment. Eramet operates a portfolio of world-class assets, particularly well positioned to support the energy transition. The successful ramp-up of the lithium site in Argentina provides the Group with a new pillar of growth and performance.Major Estimate Revision • Jan 28Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€7.11 to -€8.01 per share. Revenue forecast unchanged at €3.12b. Metals and Mining industry in France expected to see average net income growth of 34% next year. Consensus price target up from €59.90 to €61.50. Share price fell 3.4% to €78.80 over the past week.Price Target Changed • Jan 15Price target increased by 20% to €61.38Up from €51.00, the current price target is an average from 4 analysts. New target price is 28% below last closing price of €85.20. Stock is up 54% over the past year. The company is forecast to post a net loss per share of €7.40 compared to earnings per share of €0.49 last year.Price Target Changed • Jan 08Price target increased by 7.7% to €54.13Up from €50.25, the current price target is an average from 4 analysts. New target price is 21% below last closing price of €68.35. Stock is up 23% over the past year. The company is forecast to post a net loss per share of €9.65 compared to earnings per share of €0.49 last year.分析記事 • Jan 06ERAMET S.A.'s (EPA:ERA) Shares Leap 28% Yet They're Still Not Telling The Full StoryERAMET S.A. ( EPA:ERA ) shares have had a really impressive month, gaining 28% after a shaky period beforehand. Taking...New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change).Major Estimate Revision • Nov 05Consensus EPS estimates fall by 44%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €3.11b to €2.80b. Losses expected to increase from €6.70 per share to €9.62. Metals and Mining industry in France expected to see average net income growth of 30% next year. Consensus price target down from €52.00 to €50.25. Share price fell 8.5% to €54.75 over the past week.お知らせ • Oct 30+ 1 more updateERAMET S.A. to Report Fiscal Year 2025 Results on Feb 18, 2026ERAMET S.A. announced that they will report fiscal year 2025 results on Feb 18, 2026分析記事 • Oct 10ERAMET S.A.'s (EPA:ERA) 26% Share Price Surge Not Quite Adding UpERAMET S.A. ( EPA:ERA ) shares have had a really impressive month, gaining 26% after a shaky period beforehand. Not all...お知らせ • Oct 09ERAMET S.A. (ENXTPA:ERA) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on May 26, 2025.ERAMET S.A. (ENXTPA:ERA) commences share repurchases on October 1, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 26, 2025. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The shares will be repurchased at a maximum purchase price of €200 per share. The purpose of the program is to support the market share price, to delivery the shares upon the exercise of rights attached to securities giving access to the share capital by redemption, conversion, exchange or otherwise, to implement any share purchase option plan, allocate bonus shares, allocate or transferred to the employees as their share in the profits of the business or for the purpose of implementing any employee savings plan and to cancel the repurchased shares. The share repurchase program will end at the General Meeting to approve the financial statements for 2025.Major Estimate Revision • Sep 17Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€5.32 to -€6.70 per share. Revenue forecast unchanged at €3.11b. Metals and Mining industry in France expected to see average net income growth of 27% next year. Consensus price target down from €53.25 to €52.00. Share price rose 7.3% to €51.40 over the past week.Major Estimate Revision • Sep 11Consensus EPS estimates upgraded to €3.69 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€5.47 to -€3.69 per share. Revenue forecast steady at €3.11b. Metals and Mining industry in France expected to see average net income growth of 26% next year. Consensus price target of €53.25 unchanged from last update. Share price fell 3.7% to €46.28 over the past week.お知らせ • Sep 04+ 1 more updateEramet S.A. Announces CFO ChangesERAMET S.A. announced the appointment of Abel Martins-Alexandre as Chief Financial Officer of the Group, effective September 15, 2025. He will also have responsibility for the Eramet’s Information Systems and Procurement functions. Abel succeeds Nicolas Carré, who has announced his decision to step down from his role, to pursue a new professional opportunity outside the Group. With an extensive international career across corporate and banking with a proven track record in delivering on strategic initiatives, corporate finance and capital markets, strategic risk management and enhancing financial performance, Abel Martins-Alexandre joins Eramet with over 25 years of experience in finance and in the natural resources sector. Abel was most recently Managing Director & Head of Infrastructure, Energy and Industrials at Lloyds Corporate & Institutional Bank. Before Lloyds, he had a 15-year career at Rio Tinto in a range of strategy, commercial, business development and finance roles until becoming the Group Treasurer, with notably global responsibility for treasury operations, corporate finance and capital planning, as well as structured and project financing, pensions and insurance. He also led a number of projects related to cost efficiency, working capital improvement, streamlining of finance processes, and M&A and project finance transactions. Having lived in Latin America, Southern Africa, South-East Asia and Europe, and worked globally, Abel is a dual French and Portuguese citizen, graduated from London Business School, Université Paris Dauphine and Toulouse Business School.Buy Or Sell Opportunity • Sep 02Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €48.66. The fair value is estimated to be €61.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 38% in the next year.Reported Earnings • Aug 03First half 2025 earnings released: €5.31 loss per share (vs €1.44 loss in 1H 2024)First half 2025 results: €5.31 loss per share (further deteriorated from €1.44 loss in 1H 2024). Revenue: €1.38b (down 7.4% from 1H 2024). Net loss: €152.0m (loss widened 271% from 1H 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.Price Target Changed • Aug 01Price target decreased by 11% to €54.25Down from €61.00, the current price target is an average from 4 analysts. New target price is 14% above last closing price of €47.44. Stock is down 35% over the past year. The company is forecast to post a net loss per share of €7.42 compared to earnings per share of €0.49 last year.分析記事 • Jul 03Investors Aren't Entirely Convinced By ERAMET S.A.'s (EPA:ERA) RevenuesIt's not a stretch to say that ERAMET S.A.'s ( EPA:ERA ) price-to-sales (or "P/S") ratio of 0.5x right now seems quite...Major Estimate Revision • Jun 29Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €3.20b to €3.16b. Losses expected to increase from €2.74 per share to €3.49. Metals and Mining industry in France expected to see average net income growth of 29% next year. Consensus price target of €58.60 unchanged from last update. Share price was steady at €46.64 over the past week.Upcoming Dividend • May 26Upcoming dividend of €1.50 per shareEligible shareholders must have bought the stock before 02 June 2025. Payment date: 04 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (3.9%).分析記事 • May 20ERAMET (EPA:ERA) Will Pay A Dividend Of €1.50ERAMET S.A.'s ( EPA:ERA ) investors are due to receive a payment of €1.50 per share on 4th of June. Including this...Price Target Changed • Apr 28Price target decreased by 13% to €61.40Down from €70.60, the current price target is an average from 5 analysts. New target price is 25% above last closing price of €48.94. Stock is down 48% over the past year. The company is forecast to post a net loss per share of €1.06 compared to earnings per share of €0.49 last year.分析記事 • Apr 25ERAMET (EPA:ERA) Will Pay A Dividend Of €1.50ERAMET S.A.'s ( EPA:ERA ) investors are due to receive a payment of €1.50 per share on 4th of June. This means the...Major Estimate Revision • Apr 24Consensus EPS estimates increase by 102%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €3.22b to €3.36b. EPS estimate increased from €0.632 to €1.28 per share. Net income forecast to shrink 106% next year vs 26% growth forecast for Metals and Mining industry in France . Consensus price target broadly unchanged at €69.80. Share price rose 6.1% to €50.75 over the past week.分析記事 • Apr 19Weak Statutory Earnings May Not Tell The Whole Story For ERAMET (EPA:ERA)The market rallied behind ERAMET S.A.'s ( EPA:ERA ) stock, leading do a rise in the share price after its recent weak...お知らせ • Apr 19ERAMET S.A., Annual General Meeting, May 26, 2025ERAMET S.A., Annual General Meeting, May 26, 2025. Location: 10 boulevard de grenelle, paris FranceReported Earnings • Apr 15Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: €0.49 (down from €3.60 in FY 2023). Revenue: €3.03b (down 9.4% from FY 2023). Net income: €14.0m (down 86% from FY 2023). Profit margin: 0.5% (down from 3.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.分析記事 • Apr 11ERAMET's (EPA:ERA) Dividend Will Be €1.50ERAMET S.A. ( EPA:ERA ) has announced that it will pay a dividend of €1.50 per share on the 4th of June. The dividend...Declared Dividend • Apr 10Dividend of €1.50 announcedDividend of €1.50 is the same as last year. Ex-date: 2nd June 2025 Payment date: 4th June 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments.New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin).お知らせ • Apr 08ERAMET S.A. announces Annual dividend, payable on June 04, 2025ERAMET S.A. announced Annual dividend of EUR 1.5000 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.お知らせ • Apr 04ERAMET S.A. to Report Q2, 2025 Results on Jul 30, 2025ERAMET S.A. announced that they will report Q2, 2025 results on Jul 30, 2025分析記事 • Mar 31ERAMET S.A.'s (EPA:ERA) Business Is Trailing The Industry But Its Shares Aren'tIt's not a stretch to say that ERAMET S.A.'s ( EPA:ERA ) price-to-sales (or "P/S") ratio of 0.5x right now seems quite...お知らせ • Feb 27Eramet Launches eraLow, its Low-CO2 Manganese Alloy BrandEramet introduced eraLow, its new brand for low-CO2 manganese alloys. This brand sets a new standard for manganese alloys with a low CO2 footprint, thus offering steelmakers a quick-win solution to accelerate the decarbonization of their products. With eraLow, Eramet offers the hard-to-abate steel industry some of the most sustainable manganese alloys available on the global market: Already, one of the lowest CO2 footprints on the market: eraLow products are guaranteed below 1.9t CO2 /t of alloy for scope 1 and 2 emissions, outperforming significantly the manganese alloys global industry average of 3.9t CO2 /t of alloy (CRU study based on 2023 data). These exceptional results are due to the use of carbon-free electricity in Norway and France, combined with cutting-edge production processes. A verified carbon intensity: eraLow comes with a carbon intensity assurance statement verified by DNV, an internationally recognized third party. Transparency along the entire value chain with eraTrace: eraLow products are traced through eraTrace, Eramet's unique traceability service using blockchain technology and offering a digital passport for each delivery order. For each order of eraLow products, eraTrace provides Eramet customers with transparent data about the production process (e.g. raw material used, suppliers' origin.), a CO2 emissions calculator on aadle-to-gate scope as well as a full visibility on CSR KPIs of production sites. A production process meeting the highest ESG standards of the industry: while Eramet smelters are ISO certified for Energy (ISO50001) and Environmental Management Systems (ISO14001), the overall corporate sustainability performance of the Eramet Group has been rated Silver by Ecovadis, A- for Climate and B for Water Security by CDP. A first step towards producing zero CO2 manganese alloys: Eramet's ultimate ambition is to provide its steel industry customers with zero CO2 emission manganese alloy products in support of their own decarbonization missions. Amongst other initiatives, Eramet is currently constructing a first-of-its-kind pilot plant at its Sauda smelter in Norway to test innovative technologies that could enable the future capture and storage of CO2 gases emitted from the furnaces. The Group is also trialing the usage of bio-reductants in its furnaces as a potential partial replacement of coke.New Risk • Feb 23New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin).Buy Or Sell Opportunity • Feb 16Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €58.05. The fair value is estimated to be €47.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Feb 14Eramet Announces Chief Executive Officer ChangesEramet announced following the prior announcement on the evolution of Eramet governance on January 21, 2025, the Board of Directors has appointed Paulo Castellari as Eramet's next Chief Executive Officer. He will succeed Christel Bories in her executive functions at the end of her current term, after the Shareholder’s General Meeting on May 27, 2025. Christel Bories will remain Chairwoman of the Group. Born in 1970, a dual Brazilian and Italian citizen, Paulo Castellari has over 30 years' experience in mining and metals as well as in the fertilizers and energy industries. During his international career in South and North America, Europe and Africa, he has held senior leadership positions in different mining companies, with a strong focus on operations, finance and complex projects management. From 2003 to 2015, at Anglo American, Paulo Castellari served successively as Director, Marketing & Business Development in Brazil, Head of the Group’s Centre of Excellence, CEO, Phosphates and Niobium businesses in Brazil, then as CEO, Iron Ore Brazil, where he oversaw the execution of the Minas-Rio iron ore project, one of the world’s most complex mining and infrastructure projects. In 2016, he was appointed Deputy CEO and Chief Financial Officer of CEMIG, before joining EGA as CEO of Guinea Alumina Corporation. Since 2019, Paulo Castellari has been CEO of the Brazilian branch of Appian Capital Advisory. In his early career, he also worked for AngloGold Ashanti and Minorco. Having graduated from the Escola de Administração de Empresas de São Paulo /FGV, Paulo Castellari also holds an MBA from London Business School.お知らせ • Oct 24ERAMET S.A. (ENXTPA:ERA) acquired 49.90% stake in Eramine Sud America S.A. from Tsingshan Holding Group Co., Ltd. for approximately $700 million.ERAMET S.A. (ENXTPA:ERA) acquired 49.90% stake in Eramine Sud America S.A. from Tsingshan Holding Group Co., Ltd. for approximately $700 million on October 24, 2024. Transaction completed using Group’s available liquidity, with an impact of $699 million on the Group’s net debt. ERAMET S.A. (ENXTPA:ERA) completed the acquisition of 49.90% stake in Eramine Sud America S.A. from Tsingshan Holding Group Co., Ltd. on October 24, 2024.お知らせ • Oct 16ERAMET S.A. to Report Fiscal Year 2024 Results on Feb 19, 2025ERAMET S.A. announced that they will report fiscal year 2024 results on Feb 19, 2025Price Target Changed • Oct 16Price target decreased by 10% to €118Down from €131, the current price target is an average from 5 analysts. New target price is 79% above last closing price of €65.95. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of €8.79 for next year compared to €3.60 last year.Price Target Changed • Oct 01Price target decreased by 9.5% to €125Down from €138, the current price target is an average from 5 analysts. New target price is 77% above last closing price of €70.80. Stock is up 4.2% over the past year. The company is forecast to post earnings per share of €10.04 for next year compared to €3.60 last year.Price Target Changed • Sep 12Price target decreased by 9.4% to €138Down from €153, the current price target is an average from 5 analysts. New target price is 126% above last closing price of €61.20. Stock is down 16% over the past year. The company is forecast to post earnings per share of €11.89 for next year compared to €3.60 last year.分析記事 • Sep 04ERAMET (EPA:ERA) Has No Shortage Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Aug 03Not Many Are Piling Into ERAMET S.A. (EPA:ERA) Stock Yet As It Plummets 28%ERAMET S.A. ( EPA:ERA ) shares have had a horrible month, losing 28% after a relatively good period beforehand...分析記事 • Jul 29Here's What Analysts Are Forecasting For ERAMET S.A. (EPA:ERA) After Its Interim ResultsIt's been a sad week for ERAMET S.A. ( EPA:ERA ), who've watched their investment drop 14% to €82.20 in the week since...Reported Earnings • Jul 28First half 2024 earnings released: €1.44 loss per share (vs €2.95 profit in 1H 2023)First half 2024 results: €1.44 loss per share (down from €2.95 profit in 1H 2023). Revenue: €1.49b (down 8.5% from 1H 2023). Net loss: €41.0m (down 149% from profit in 1H 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €96.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 104% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.92 per share.New Risk • Jun 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Shareholders have been diluted in the past year (7.0% increase in shares outstanding).Price Target Changed • Jun 10Price target increased by 7.6% to €145Up from €134, the current price target is an average from 5 analysts. New target price is 32% above last closing price of €110. Stock is up 26% over the past year. The company is forecast to post earnings per share of €10.56 for next year compared to €3.60 last year.Major Estimate Revision • Jun 06Consensus EPS estimates increase by 27%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €3.70b to €3.74b. EPS estimate increased from €8.33 to €10.56 per share. Net income forecast to grow 134% next year vs 24% growth forecast for Metals and Mining industry in France. Consensus price target broadly unchanged at €137. Share price was steady at €104 over the past week.お知らせ • May 31+ 1 more updateERAMET S.A. Approves Dividend Distribution for the Fiscal Year 2023, Payable on June 6, 2024ERAMET S.A. at its Ordinary and Extraordinary General Meeting held on May 30, 2024, approved the distribution of a dividend of €1.50 per share for the 2023 fiscal year. The ex-dividend date will be on June 4, 2024 and payment will start from June 6, 2024.分析記事 • May 30ERAMET's (EPA:ERA) Dividend Will Be Reduced To €1.50ERAMET S.A. ( EPA:ERA ) is reducing its dividend from last year's comparable payment to €1.50 on the 6th of June. This...Upcoming Dividend • May 28Upcoming dividend of €1.50 per shareEligible shareholders must have bought the stock before 04 June 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of French dividend payers (5.2%). Lower than average of industry peers (3.6%).Major Estimate Revision • May 14Consensus EPS estimates increase by 47%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €3.63b to €3.70b. EPS estimate increased from €5.66 to €8.33 per share. Net income forecast to grow 43% next year vs 21% growth forecast for Metals and Mining industry in France. Consensus price target up from €119 to €134. Share price rose 8.8% to €102 over the past week.Price Target Changed • May 13Price target increased by 13% to €134Up from €119, the current price target is an average from 5 analysts. New target price is 32% above last closing price of €102. Stock is up 16% over the past year. The company is forecast to post earnings per share of €8.33 for next year compared to €3.60 last year.Price Target Changed • May 11Price target increased by 8.9% to €125Up from €115, the current price target is an average from 5 analysts. New target price is 22% above last closing price of €102. Stock is up 17% over the past year. The company is forecast to post earnings per share of €5.66 for next year compared to €3.60 last year.分析記事 • Apr 27Subdued Growth No Barrier To ERAMET S.A. (EPA:ERA) With Shares Advancing 27%Despite an already strong run, ERAMET S.A. ( EPA:ERA ) shares have been powering on, with a gain of 27% in the last...分析記事 • Apr 24ERAMET (EPA:ERA) Is Paying Out Less In Dividends Than Last YearERAMET S.A. ( EPA:ERA ) has announced that on 6th of June, it will be paying a dividend of€1.50, which a reduction from...Declared Dividend • Apr 23Dividend reduced to €1.50Dividend of €1.50 is 57% lower than last year. Ex-date: 4th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 249% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Apr 12ERAMET (EPA:ERA) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Reported Earnings • Feb 25Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: €3.59 (down from €31.25 in FY 2022). Revenue: €3.34b (down 35% from FY 2022). Net income: €103.0m (down 89% from FY 2022). Profit margin: 3.1% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.お知らせ • Feb 22ERAMET S.A., Annual General Meeting, May 30, 2024ERAMET S.A., Annual General Meeting, May 30, 2024.Major Estimate Revision • Feb 21Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €3.54b to €3.45b. EPS estimate also fell from €11.90 per share to €9.26 per share. Net income forecast to shrink 26% next year vs 4.7% growth forecast for Metals and Mining industry in France . Consensus price target broadly unchanged at €118. Share price fell 5.7% to €59.70 over the past week.お知らせ • Jan 30ERAMET S.A. Announces Executive ChangesERAMET S.A. announced Charles Nouel, currently Director of the Mineral Sands Business Unit, has been appointed Chief Operating Officer of the Eramet Group. In this capacity, he will become a member of the Executive Committee. This appointment will take effect on April 1, 2024. He will succeed Kléber Silva, who has decided to leave the Group to pursue another professional opportunity. Charles Nouel has over 30 years' experience in the mining industry, including 24 years with Eramet. His international career in Europe, Africa and Oceania has enabled him to develop solid technical and managerial skills in all aspects of mining and metallurgy: geology, mining engineering, operations, industrial projects, mineral processing and metallurgy, ore purchasing and sales, operational management and business unit leadership. Since 2016, he was Director of the Mineral Sands Business Unit, the world's 4th largest producer of Zircon and titanium products. Born in 1967, Charles Nouel is a graduate of the Ecole Nationale Supérieure de Géologie de Nancy (1991). He began his career as a Geostatistical Geologist for Cogema in Australia, before working as a Geologist and then Director of the Mines d'Or de Salsigne open-pit mine in France (1993), then as Senior Mining Engineer for Mining & Resource Technology in Australia (1998). In 2000, he joined Eramet as Project Manager for the Tiébaghi mine in New Caledonia, before moving on to various management positions within the Nickel Business Unit, where he became Deputy Director of Industrial Affairs in 2009. Ore Market Director for the Manganese Division in 2010, he took over as Director of the Mineral Sands Business Unit in 2016, while serving as the Group's Chief Technical Officer from 2020 to 2022.分析記事 • Jan 07ERAMET S.A.'s (EPA:ERA) Price Is Out Of Tune With RevenuesIt's not a stretch to say that ERAMET S.A.'s ( EPA:ERA ) price-to-sales (or "P/S") ratio of 0.5x right now seems quite...お知らせ • Oct 27+ 1 more updateERAMET S.A. to Report Fiscal Year 2023 Results on Feb 21, 2024ERAMET S.A. announced that they will report fiscal year 2023 results on Feb 21, 2024Major Estimate Revision • Oct 27Consensus EPS estimates fall by 11%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €3.51b to €3.64b. EPS estimate fell from €7.68 to €6.81 per share. Net income forecast to grow 5.8% next year vs 9.9% growth forecast for Metals and Mining industry in France. Consensus price target down from €127 to €123. Share price was steady at €61.75 over the past week.分析記事 • Oct 25These 4 Measures Indicate That ERAMET (EPA:ERA) Is Using Debt ExtensivelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Sep 22INEOS Enterprises Group Limited completed the acquisition of TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA).INEOS Enterprises Group Limited made an offer to acquire TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA) for an enterprise value of approximately $250 million on July 25, 2023. INEOS Enterprises Group Limited completed the acquisition of TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA) on September 21, 2023. The transaction got approved by regulatory authorities.Price Target Changed • Aug 31Price target decreased by 8.5% to €126Down from €138, the current price target is an average from 5 analysts. New target price is 78% above last closing price of €70.85. Stock is down 11% over the past year. The company is forecast to post earnings per share of €7.15 for next year compared to €31.25 last year.分析記事 • Aug 16Investors Could Be Concerned With ERAMET's (EPA:ERA) Returns On CapitalWhat underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in...Major Estimate Revision • Aug 02Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €3.94b to €3.53b. EPS estimate fell from €12.76 to €7.15 per share. Net income forecast to grow 13% next year vs 6.1% decline forecast for Metals and Mining industry in France. Consensus price target down from €138 to €132. Share price fell 14% to €75.60 over the past week.Reported Earnings • Jul 28First half 2023 earnings released: EPS: €2.95 (vs €23.99 in 1H 2022)First half 2023 results: EPS: €2.95 (down from €23.99 in 1H 2022). Revenue: €1.60b (down 39% from 1H 2022). Net income: €84.0m (down 88% from 1H 2022). Profit margin: 5.2% (down from 26% in 1H 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.分析記事 • Jul 28ERAMET S.A. (EPA:ERA) Analysts Just Slashed This Year's Revenue Estimates By 11%One thing we could say about the analysts on ERAMET S.A. ( EPA:ERA ) - they aren't optimistic, having just made a major...お知らせ • Jul 26An unknown buyer made an offer to acquire TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA) for an enterprise value of approximately $250 million.An unknown buyer made an offer to acquire TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA) for an enterprise value of approximately $250 million on July 25, 2023.分析記事 • Jun 11We Think ERAMET (EPA:ERA) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • May 25ERAMET (EPA:ERA) Has Announced That It Will Be Increasing Its Dividend To €3.50ERAMET S.A. ( EPA:ERA ) will increase its dividend from last year's comparable payment on the 30th of May to €3.50. The...お知らせ • May 24+ 1 more updateERAMET S.A. Approves the Distribution in Respect of the 2022 Financial Year, Payable on 30 May 2023ERAMET S.A. approved the distribution of a €3.50 dividend per share in respect of the 2022 financial year. The ex-dividend date will be on 26 May 2023 and payment as of 30 May 2023.Upcoming Dividend • May 19Upcoming dividend of €3.50 per share at 3.8% yieldEligible shareholders must have bought the stock before 26 May 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of French dividend payers (5.3%). In line with average of industry peers (4.1%).分析記事 • May 10The Trend Of High Returns At ERAMET (EPA:ERA) Has Us Very InterestedIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Major Estimate Revision • May 03Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €4.35b to €4.20b. EPS estimate also fell from €15.43 per share to €12.98 per share. Net income forecast to shrink 58% next year vs 19% decline forecast for Metals and Mining industry in France. Consensus price target down from €150 to €147. Share price fell 5.0% to €85.70 over the past week.Reported Earnings • Apr 24Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: €31.25 (up from €25.34 in FY 2021). Revenue: €5.10b (up 38% from FY 2021). Net income: €896.0m (up 24% from FY 2021). Profit margin: 18% (down from 20% in FY 2021). Production and reserves: Nickel Production: 55,064 t (54,093 t in FY 2021) Proved and probable reserves (ore): 624.9 Mt (396.9 Mt in FY 2021) Number of mines: 2 (2 in FY 2021) Titanium Production: 94,000 t (0.105 Mt in FY 2021) Manganese Production: 7.539 Mt (7.024 Mt in FY 2021) Proved and probable reserves (ore): 225 Mt (225 Mt in FY 2021) Number of mines: 1 (1 in FY 2021) Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 15Now 27% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be €125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings is forecast to decline by 12% per annum over the same time period.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €114, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 313% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €170 per share.業績と収益の成長予測ENXTPA:ERA - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20283,7458363294212/31/20273,52967-47202512/31/20263,158-173-27677512/31/20252,789-477-786-313N/A9/30/20252,852-287-779-223N/A6/30/20252,915-97-772-133N/A3/31/20252,971-41-792-129N/A12/31/20243,02614-812-125N/A9/30/20243,114-4-758-63N/A6/30/20243,201-22-704-1N/A3/31/20243,27141-61886N/A12/31/20233,340103-533172N/A9/30/20233,723197-267376N/A6/30/20234,105290-1580N/A3/31/20234,604593230786N/A12/31/20225,102896461991N/A9/30/20224,9871,102440935N/A6/30/20224,8711,308419878N/A3/31/20224,2911,016375761N/A12/31/20213,710724331643N/A6/30/20212,593570211454N/A3/31/20212,704206104382N/A12/31/20202,814-159-4309N/A9/30/20203,595-722N/AN/AN/A6/30/20203,603-770-353103N/A3/31/20203,655-477-34595N/A12/31/20193,707-184-33886N/A9/30/20193,756-131N/AN/AN/A6/30/20193,804-78N/A263N/A3/31/20193,777-12N/A350N/A12/31/20183,74953N/A437N/A9/30/20183,647135N/A500N/A6/30/20183,544216N/A562N/A3/31/20183,548210N/A625N/A12/31/20173,552203N/A687N/A9/30/20173,449123N/A587N/A6/30/20173,34543N/A486N/A3/31/20173,150-68N/A292N/A12/31/20162,954-179N/A98N/A9/30/20162,871-475N/A51N/A6/30/20162,788-772N/A3N/A3/31/20162,902-743N/A-5N/A12/31/20153,015-714N/A-13N/A9/30/20153,083-448N/A7N/A6/30/20153,151-183N/A27N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: ERAは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 2.5% ) よりも高い成長率であると考えられます。収益対市場: ERA今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: ERA今後 3 年以内に収益を上げることが予想されます。収益対市場: ERAの収益 ( 10.2% ) French市場 ( 5.6% ) よりも速いペースで成長すると予測されています。高い収益成長: ERAの収益 ( 10.2% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: ERAの 自己資本利益率 は、3年後には低くなると予測されています ( 12.1 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/12 18:09終値2026/05/12 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋ERAMET S.A. 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。14 アナリスト機関Mourad LahmidiBNP ParibasAlan SpenceBNP ParibasPavel KirjanovsBofA Global Research11 その他のアナリストを表示
お知らせ • Apr 26Eramet S.A. Provides Its Production Guidance for the Year 2026ERAMET S.A. provided its production guidance for the year 2026. For the period, the company expects manganese ore Transported volumes between 6.4 to 6.8 Mt; Nickel ore: Limited to 9 Mwmt on the basis of the initial 12 Mwmt RKAB, with a request for an upward revision currently being submitted; Lithium carbonate: 17 - 20 kt-LCE.
お知らせ • Feb 26Eramet Group Announces the Fire At the Extraction Unit of the Eramet Grande Cote Site in SenegalEramet announced that on February 22, at around 3:00 p.m., a fire broke out at the extraction plant of the Eramet Grande Cote site, a subsidiary of the Eramet Group in Senegal specializing in the mining of mineral sands. The facility, which had been shut down for several days for scheduled maintenance operations, was immediately evacuated and secured. No casualty or injuries have been reported. The fire was brought under control at around 8:00 p.m. Investigations are underway to determine its causes and assess its impact on the site's operations. As soon as the fire started at the WCP (Wet Concentration Plant) extraction facility, territorial and administrative authorities were informed, and a dedicated system was activated to ensure regular and transparent communication with neighboring communities regarding developments. The immediate intervention of Eramet Grande Cote's internal emergency response teams (ERT - Emergency Response Team), mobilized without delay in coordination with firefighters from nearby localities, made it possible to contain the situation and extinguish the fire. The teams then carried out cooling operations on the facilities while continuing to secure the affected perimeter. The safety of employees, contractors, and surrounding communities remains the absolute priority of the Eramet Group and its subsidiary Eramet Grande Cote. An investigation is ongoing to determine the causes of the fire, verify the overall condition of the plant, and assess the impact of the event on the site's operations. Initial findings indicate that the fire was contained upstream of the WCP and that the spiral concentrators used for mineral sands separation were not affected. The Eramet Group will provide further updates as soon as additional information becomes available.
Major Estimate Revision • Feb 20Consensus revenue estimates decrease by 12%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €3.67b to €3.23b. EPS estimate unchanged from €0.92 per share at last update. Metals and Mining industry in France expected to see average net income growth of 46% next year. Consensus price target down from €62.30 to €55.40. Share price fell 18% to €48.98 over the past week.
Price Target Changed • Feb 19Price target decreased by 7.9% to €57.40Down from €62.30, the current price target is an average from 5 analysts. New target price is 25% above last closing price of €46.10. Stock is down 19% over the past year. The company is forecast to post a net loss per share of €9.09 compared to earnings per share of €0.49 last year.
Major Estimate Revision • Feb 16Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €3.23b to €2.88b. EPS estimate unchanged from -€9.09 per share at last update. Metals and Mining industry in France expected to see average net income growth of 46% next year. Consensus price target down from €62.30 to €59.00. Share price fell 7.8% to €59.00 over the past week.
Major Estimate Revision • Jan 28Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€7.11 to -€8.01 per share. Revenue forecast unchanged at €3.12b. Metals and Mining industry in France expected to see average net income growth of 34% next year. Consensus price target up from €59.90 to €61.50. Share price fell 3.4% to €78.80 over the past week.
お知らせ • Apr 26Eramet S.A. Provides Its Production Guidance for the Year 2026ERAMET S.A. provided its production guidance for the year 2026. For the period, the company expects manganese ore Transported volumes between 6.4 to 6.8 Mt; Nickel ore: Limited to 9 Mwmt on the basis of the initial 12 Mwmt RKAB, with a request for an upward revision currently being submitted; Lithium carbonate: 17 - 20 kt-LCE.
お知らせ • Apr 21ERAMET S.A., Annual General Meeting, May 27, 2026ERAMET S.A., Annual General Meeting, May 27, 2026. Location: 10 boulevard de grenelle, paris France
お知らせ • Apr 11ERAMET S.A. to Report First Half, 2026 Results on Jul 29, 2026ERAMET S.A. announced that they will report first half, 2026 results on Jul 29, 2026
お知らせ • Feb 26Eramet Group Announces the Fire At the Extraction Unit of the Eramet Grande Cote Site in SenegalEramet announced that on February 22, at around 3:00 p.m., a fire broke out at the extraction plant of the Eramet Grande Cote site, a subsidiary of the Eramet Group in Senegal specializing in the mining of mineral sands. The facility, which had been shut down for several days for scheduled maintenance operations, was immediately evacuated and secured. No casualty or injuries have been reported. The fire was brought under control at around 8:00 p.m. Investigations are underway to determine its causes and assess its impact on the site's operations. As soon as the fire started at the WCP (Wet Concentration Plant) extraction facility, territorial and administrative authorities were informed, and a dedicated system was activated to ensure regular and transparent communication with neighboring communities regarding developments. The immediate intervention of Eramet Grande Cote's internal emergency response teams (ERT - Emergency Response Team), mobilized without delay in coordination with firefighters from nearby localities, made it possible to contain the situation and extinguish the fire. The teams then carried out cooling operations on the facilities while continuing to secure the affected perimeter. The safety of employees, contractors, and surrounding communities remains the absolute priority of the Eramet Group and its subsidiary Eramet Grande Cote. An investigation is ongoing to determine the causes of the fire, verify the overall condition of the plant, and assess the impact of the event on the site's operations. Initial findings indicate that the fire was contained upstream of the WCP and that the spiral concentrators used for mineral sands separation were not affected. The Eramet Group will provide further updates as soon as additional information becomes available.
Reported Earnings • Feb 24Full year 2025 earnings: Revenues miss analyst expectationsFull year 2025 results: Revenue: €2.75b (down 9.0% from FY 2024). Net loss: €477.0m (down €491.0m from profit in FY 2024). Revenue missed analyst estimates by 4.4%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in Europe.
Major Estimate Revision • Feb 20Consensus revenue estimates decrease by 12%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €3.67b to €3.23b. EPS estimate unchanged from €0.92 per share at last update. Metals and Mining industry in France expected to see average net income growth of 46% next year. Consensus price target down from €62.30 to €55.40. Share price fell 18% to €48.98 over the past week.
New Risk • Feb 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows.
Price Target Changed • Feb 19Price target decreased by 7.9% to €57.40Down from €62.30, the current price target is an average from 5 analysts. New target price is 25% above last closing price of €46.10. Stock is down 19% over the past year. The company is forecast to post a net loss per share of €9.09 compared to earnings per share of €0.49 last year.
Major Estimate Revision • Feb 16Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €3.23b to €2.88b. EPS estimate unchanged from -€9.09 per share at last update. Metals and Mining industry in France expected to see average net income growth of 46% next year. Consensus price target down from €62.30 to €59.00. Share price fell 7.8% to €59.00 over the past week.
お知らせ • Feb 02Eramet Announces CEO Changes, Effective from February 1, 2025The Board of Directors of Eramet, meeting on February 1st, has decided to terminate the mandate of Mr. Paulo Castellari as Chief Executive Officer, due to divergences on operating methods. The termination of his mandate as Chief Executive Officer takes effect this evening. The Board of Directors has appointed its Chairwoman, Ms. Christel Bories, as Chief Executive Officer of the Group on an interim basis, pending the completion of a process to select a new Chief Executive Officer. Upon the appointment of the new CEO, the roles of Chair and Chief Executive Officer will once again be separated. The Board of Directors thanks Paulo Castellari for his efforts and reaffirms its support for the teams, who remain strongly committed to improving safety, operational performance and cost-reduction efforts. These priorities continue to be key in a challenging environment. Eramet operates a portfolio of world-class assets, particularly well positioned to support the energy transition. The successful ramp-up of the lithium site in Argentina provides the Group with a new pillar of growth and performance.
Major Estimate Revision • Jan 28Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€7.11 to -€8.01 per share. Revenue forecast unchanged at €3.12b. Metals and Mining industry in France expected to see average net income growth of 34% next year. Consensus price target up from €59.90 to €61.50. Share price fell 3.4% to €78.80 over the past week.
Price Target Changed • Jan 15Price target increased by 20% to €61.38Up from €51.00, the current price target is an average from 4 analysts. New target price is 28% below last closing price of €85.20. Stock is up 54% over the past year. The company is forecast to post a net loss per share of €7.40 compared to earnings per share of €0.49 last year.
Price Target Changed • Jan 08Price target increased by 7.7% to €54.13Up from €50.25, the current price target is an average from 4 analysts. New target price is 21% below last closing price of €68.35. Stock is up 23% over the past year. The company is forecast to post a net loss per share of €9.65 compared to earnings per share of €0.49 last year.
分析記事 • Jan 06ERAMET S.A.'s (EPA:ERA) Shares Leap 28% Yet They're Still Not Telling The Full StoryERAMET S.A. ( EPA:ERA ) shares have had a really impressive month, gaining 28% after a shaky period beforehand. Taking...
New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change).
Major Estimate Revision • Nov 05Consensus EPS estimates fall by 44%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €3.11b to €2.80b. Losses expected to increase from €6.70 per share to €9.62. Metals and Mining industry in France expected to see average net income growth of 30% next year. Consensus price target down from €52.00 to €50.25. Share price fell 8.5% to €54.75 over the past week.
お知らせ • Oct 30+ 1 more updateERAMET S.A. to Report Fiscal Year 2025 Results on Feb 18, 2026ERAMET S.A. announced that they will report fiscal year 2025 results on Feb 18, 2026
分析記事 • Oct 10ERAMET S.A.'s (EPA:ERA) 26% Share Price Surge Not Quite Adding UpERAMET S.A. ( EPA:ERA ) shares have had a really impressive month, gaining 26% after a shaky period beforehand. Not all...
お知らせ • Oct 09ERAMET S.A. (ENXTPA:ERA) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on May 26, 2025.ERAMET S.A. (ENXTPA:ERA) commences share repurchases on October 1, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 26, 2025. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The shares will be repurchased at a maximum purchase price of €200 per share. The purpose of the program is to support the market share price, to delivery the shares upon the exercise of rights attached to securities giving access to the share capital by redemption, conversion, exchange or otherwise, to implement any share purchase option plan, allocate bonus shares, allocate or transferred to the employees as their share in the profits of the business or for the purpose of implementing any employee savings plan and to cancel the repurchased shares. The share repurchase program will end at the General Meeting to approve the financial statements for 2025.
Major Estimate Revision • Sep 17Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€5.32 to -€6.70 per share. Revenue forecast unchanged at €3.11b. Metals and Mining industry in France expected to see average net income growth of 27% next year. Consensus price target down from €53.25 to €52.00. Share price rose 7.3% to €51.40 over the past week.
Major Estimate Revision • Sep 11Consensus EPS estimates upgraded to €3.69 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€5.47 to -€3.69 per share. Revenue forecast steady at €3.11b. Metals and Mining industry in France expected to see average net income growth of 26% next year. Consensus price target of €53.25 unchanged from last update. Share price fell 3.7% to €46.28 over the past week.
お知らせ • Sep 04+ 1 more updateEramet S.A. Announces CFO ChangesERAMET S.A. announced the appointment of Abel Martins-Alexandre as Chief Financial Officer of the Group, effective September 15, 2025. He will also have responsibility for the Eramet’s Information Systems and Procurement functions. Abel succeeds Nicolas Carré, who has announced his decision to step down from his role, to pursue a new professional opportunity outside the Group. With an extensive international career across corporate and banking with a proven track record in delivering on strategic initiatives, corporate finance and capital markets, strategic risk management and enhancing financial performance, Abel Martins-Alexandre joins Eramet with over 25 years of experience in finance and in the natural resources sector. Abel was most recently Managing Director & Head of Infrastructure, Energy and Industrials at Lloyds Corporate & Institutional Bank. Before Lloyds, he had a 15-year career at Rio Tinto in a range of strategy, commercial, business development and finance roles until becoming the Group Treasurer, with notably global responsibility for treasury operations, corporate finance and capital planning, as well as structured and project financing, pensions and insurance. He also led a number of projects related to cost efficiency, working capital improvement, streamlining of finance processes, and M&A and project finance transactions. Having lived in Latin America, Southern Africa, South-East Asia and Europe, and worked globally, Abel is a dual French and Portuguese citizen, graduated from London Business School, Université Paris Dauphine and Toulouse Business School.
Buy Or Sell Opportunity • Sep 02Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €48.66. The fair value is estimated to be €61.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 38% in the next year.
Reported Earnings • Aug 03First half 2025 earnings released: €5.31 loss per share (vs €1.44 loss in 1H 2024)First half 2025 results: €5.31 loss per share (further deteriorated from €1.44 loss in 1H 2024). Revenue: €1.38b (down 7.4% from 1H 2024). Net loss: €152.0m (loss widened 271% from 1H 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
Price Target Changed • Aug 01Price target decreased by 11% to €54.25Down from €61.00, the current price target is an average from 4 analysts. New target price is 14% above last closing price of €47.44. Stock is down 35% over the past year. The company is forecast to post a net loss per share of €7.42 compared to earnings per share of €0.49 last year.
分析記事 • Jul 03Investors Aren't Entirely Convinced By ERAMET S.A.'s (EPA:ERA) RevenuesIt's not a stretch to say that ERAMET S.A.'s ( EPA:ERA ) price-to-sales (or "P/S") ratio of 0.5x right now seems quite...
Major Estimate Revision • Jun 29Consensus EPS estimates fall by 28%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €3.20b to €3.16b. Losses expected to increase from €2.74 per share to €3.49. Metals and Mining industry in France expected to see average net income growth of 29% next year. Consensus price target of €58.60 unchanged from last update. Share price was steady at €46.64 over the past week.
Upcoming Dividend • May 26Upcoming dividend of €1.50 per shareEligible shareholders must have bought the stock before 02 June 2025. Payment date: 04 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.1%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (3.9%).
分析記事 • May 20ERAMET (EPA:ERA) Will Pay A Dividend Of €1.50ERAMET S.A.'s ( EPA:ERA ) investors are due to receive a payment of €1.50 per share on 4th of June. Including this...
Price Target Changed • Apr 28Price target decreased by 13% to €61.40Down from €70.60, the current price target is an average from 5 analysts. New target price is 25% above last closing price of €48.94. Stock is down 48% over the past year. The company is forecast to post a net loss per share of €1.06 compared to earnings per share of €0.49 last year.
分析記事 • Apr 25ERAMET (EPA:ERA) Will Pay A Dividend Of €1.50ERAMET S.A.'s ( EPA:ERA ) investors are due to receive a payment of €1.50 per share on 4th of June. This means the...
Major Estimate Revision • Apr 24Consensus EPS estimates increase by 102%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €3.22b to €3.36b. EPS estimate increased from €0.632 to €1.28 per share. Net income forecast to shrink 106% next year vs 26% growth forecast for Metals and Mining industry in France . Consensus price target broadly unchanged at €69.80. Share price rose 6.1% to €50.75 over the past week.
分析記事 • Apr 19Weak Statutory Earnings May Not Tell The Whole Story For ERAMET (EPA:ERA)The market rallied behind ERAMET S.A.'s ( EPA:ERA ) stock, leading do a rise in the share price after its recent weak...
お知らせ • Apr 19ERAMET S.A., Annual General Meeting, May 26, 2025ERAMET S.A., Annual General Meeting, May 26, 2025. Location: 10 boulevard de grenelle, paris France
Reported Earnings • Apr 15Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: €0.49 (down from €3.60 in FY 2023). Revenue: €3.03b (down 9.4% from FY 2023). Net income: €14.0m (down 86% from FY 2023). Profit margin: 0.5% (down from 3.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
分析記事 • Apr 11ERAMET's (EPA:ERA) Dividend Will Be €1.50ERAMET S.A. ( EPA:ERA ) has announced that it will pay a dividend of €1.50 per share on the 4th of June. The dividend...
Declared Dividend • Apr 10Dividend of €1.50 announcedDividend of €1.50 is the same as last year. Ex-date: 2nd June 2025 Payment date: 4th June 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments.
New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin).
お知らせ • Apr 08ERAMET S.A. announces Annual dividend, payable on June 04, 2025ERAMET S.A. announced Annual dividend of EUR 1.5000 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.
お知らせ • Apr 04ERAMET S.A. to Report Q2, 2025 Results on Jul 30, 2025ERAMET S.A. announced that they will report Q2, 2025 results on Jul 30, 2025
分析記事 • Mar 31ERAMET S.A.'s (EPA:ERA) Business Is Trailing The Industry But Its Shares Aren'tIt's not a stretch to say that ERAMET S.A.'s ( EPA:ERA ) price-to-sales (or "P/S") ratio of 0.5x right now seems quite...
お知らせ • Feb 27Eramet Launches eraLow, its Low-CO2 Manganese Alloy BrandEramet introduced eraLow, its new brand for low-CO2 manganese alloys. This brand sets a new standard for manganese alloys with a low CO2 footprint, thus offering steelmakers a quick-win solution to accelerate the decarbonization of their products. With eraLow, Eramet offers the hard-to-abate steel industry some of the most sustainable manganese alloys available on the global market: Already, one of the lowest CO2 footprints on the market: eraLow products are guaranteed below 1.9t CO2 /t of alloy for scope 1 and 2 emissions, outperforming significantly the manganese alloys global industry average of 3.9t CO2 /t of alloy (CRU study based on 2023 data). These exceptional results are due to the use of carbon-free electricity in Norway and France, combined with cutting-edge production processes. A verified carbon intensity: eraLow comes with a carbon intensity assurance statement verified by DNV, an internationally recognized third party. Transparency along the entire value chain with eraTrace: eraLow products are traced through eraTrace, Eramet's unique traceability service using blockchain technology and offering a digital passport for each delivery order. For each order of eraLow products, eraTrace provides Eramet customers with transparent data about the production process (e.g. raw material used, suppliers' origin.), a CO2 emissions calculator on aadle-to-gate scope as well as a full visibility on CSR KPIs of production sites. A production process meeting the highest ESG standards of the industry: while Eramet smelters are ISO certified for Energy (ISO50001) and Environmental Management Systems (ISO14001), the overall corporate sustainability performance of the Eramet Group has been rated Silver by Ecovadis, A- for Climate and B for Water Security by CDP. A first step towards producing zero CO2 manganese alloys: Eramet's ultimate ambition is to provide its steel industry customers with zero CO2 emission manganese alloy products in support of their own decarbonization missions. Amongst other initiatives, Eramet is currently constructing a first-of-its-kind pilot plant at its Sauda smelter in Norway to test innovative technologies that could enable the future capture and storage of CO2 gases emitted from the furnaces. The Group is also trialing the usage of bio-reductants in its furnaces as a potential partial replacement of coke.
New Risk • Feb 23New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin).
Buy Or Sell Opportunity • Feb 16Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €58.05. The fair value is estimated to be €47.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Feb 14Eramet Announces Chief Executive Officer ChangesEramet announced following the prior announcement on the evolution of Eramet governance on January 21, 2025, the Board of Directors has appointed Paulo Castellari as Eramet's next Chief Executive Officer. He will succeed Christel Bories in her executive functions at the end of her current term, after the Shareholder’s General Meeting on May 27, 2025. Christel Bories will remain Chairwoman of the Group. Born in 1970, a dual Brazilian and Italian citizen, Paulo Castellari has over 30 years' experience in mining and metals as well as in the fertilizers and energy industries. During his international career in South and North America, Europe and Africa, he has held senior leadership positions in different mining companies, with a strong focus on operations, finance and complex projects management. From 2003 to 2015, at Anglo American, Paulo Castellari served successively as Director, Marketing & Business Development in Brazil, Head of the Group’s Centre of Excellence, CEO, Phosphates and Niobium businesses in Brazil, then as CEO, Iron Ore Brazil, where he oversaw the execution of the Minas-Rio iron ore project, one of the world’s most complex mining and infrastructure projects. In 2016, he was appointed Deputy CEO and Chief Financial Officer of CEMIG, before joining EGA as CEO of Guinea Alumina Corporation. Since 2019, Paulo Castellari has been CEO of the Brazilian branch of Appian Capital Advisory. In his early career, he also worked for AngloGold Ashanti and Minorco. Having graduated from the Escola de Administração de Empresas de São Paulo /FGV, Paulo Castellari also holds an MBA from London Business School.
お知らせ • Oct 24ERAMET S.A. (ENXTPA:ERA) acquired 49.90% stake in Eramine Sud America S.A. from Tsingshan Holding Group Co., Ltd. for approximately $700 million.ERAMET S.A. (ENXTPA:ERA) acquired 49.90% stake in Eramine Sud America S.A. from Tsingshan Holding Group Co., Ltd. for approximately $700 million on October 24, 2024. Transaction completed using Group’s available liquidity, with an impact of $699 million on the Group’s net debt. ERAMET S.A. (ENXTPA:ERA) completed the acquisition of 49.90% stake in Eramine Sud America S.A. from Tsingshan Holding Group Co., Ltd. on October 24, 2024.
お知らせ • Oct 16ERAMET S.A. to Report Fiscal Year 2024 Results on Feb 19, 2025ERAMET S.A. announced that they will report fiscal year 2024 results on Feb 19, 2025
Price Target Changed • Oct 16Price target decreased by 10% to €118Down from €131, the current price target is an average from 5 analysts. New target price is 79% above last closing price of €65.95. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of €8.79 for next year compared to €3.60 last year.
Price Target Changed • Oct 01Price target decreased by 9.5% to €125Down from €138, the current price target is an average from 5 analysts. New target price is 77% above last closing price of €70.80. Stock is up 4.2% over the past year. The company is forecast to post earnings per share of €10.04 for next year compared to €3.60 last year.
Price Target Changed • Sep 12Price target decreased by 9.4% to €138Down from €153, the current price target is an average from 5 analysts. New target price is 126% above last closing price of €61.20. Stock is down 16% over the past year. The company is forecast to post earnings per share of €11.89 for next year compared to €3.60 last year.
分析記事 • Sep 04ERAMET (EPA:ERA) Has No Shortage Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Aug 03Not Many Are Piling Into ERAMET S.A. (EPA:ERA) Stock Yet As It Plummets 28%ERAMET S.A. ( EPA:ERA ) shares have had a horrible month, losing 28% after a relatively good period beforehand...
分析記事 • Jul 29Here's What Analysts Are Forecasting For ERAMET S.A. (EPA:ERA) After Its Interim ResultsIt's been a sad week for ERAMET S.A. ( EPA:ERA ), who've watched their investment drop 14% to €82.20 in the week since...
Reported Earnings • Jul 28First half 2024 earnings released: €1.44 loss per share (vs €2.95 profit in 1H 2023)First half 2024 results: €1.44 loss per share (down from €2.95 profit in 1H 2023). Revenue: €1.49b (down 8.5% from 1H 2023). Net loss: €41.0m (down 149% from profit in 1H 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €96.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 104% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.92 per share.
New Risk • Jun 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Shareholders have been diluted in the past year (7.0% increase in shares outstanding).
Price Target Changed • Jun 10Price target increased by 7.6% to €145Up from €134, the current price target is an average from 5 analysts. New target price is 32% above last closing price of €110. Stock is up 26% over the past year. The company is forecast to post earnings per share of €10.56 for next year compared to €3.60 last year.
Major Estimate Revision • Jun 06Consensus EPS estimates increase by 27%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €3.70b to €3.74b. EPS estimate increased from €8.33 to €10.56 per share. Net income forecast to grow 134% next year vs 24% growth forecast for Metals and Mining industry in France. Consensus price target broadly unchanged at €137. Share price was steady at €104 over the past week.
お知らせ • May 31+ 1 more updateERAMET S.A. Approves Dividend Distribution for the Fiscal Year 2023, Payable on June 6, 2024ERAMET S.A. at its Ordinary and Extraordinary General Meeting held on May 30, 2024, approved the distribution of a dividend of €1.50 per share for the 2023 fiscal year. The ex-dividend date will be on June 4, 2024 and payment will start from June 6, 2024.
分析記事 • May 30ERAMET's (EPA:ERA) Dividend Will Be Reduced To €1.50ERAMET S.A. ( EPA:ERA ) is reducing its dividend from last year's comparable payment to €1.50 on the 6th of June. This...
Upcoming Dividend • May 28Upcoming dividend of €1.50 per shareEligible shareholders must have bought the stock before 04 June 2024. Payment date: 06 June 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of French dividend payers (5.2%). Lower than average of industry peers (3.6%).
Major Estimate Revision • May 14Consensus EPS estimates increase by 47%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €3.63b to €3.70b. EPS estimate increased from €5.66 to €8.33 per share. Net income forecast to grow 43% next year vs 21% growth forecast for Metals and Mining industry in France. Consensus price target up from €119 to €134. Share price rose 8.8% to €102 over the past week.
Price Target Changed • May 13Price target increased by 13% to €134Up from €119, the current price target is an average from 5 analysts. New target price is 32% above last closing price of €102. Stock is up 16% over the past year. The company is forecast to post earnings per share of €8.33 for next year compared to €3.60 last year.
Price Target Changed • May 11Price target increased by 8.9% to €125Up from €115, the current price target is an average from 5 analysts. New target price is 22% above last closing price of €102. Stock is up 17% over the past year. The company is forecast to post earnings per share of €5.66 for next year compared to €3.60 last year.
分析記事 • Apr 27Subdued Growth No Barrier To ERAMET S.A. (EPA:ERA) With Shares Advancing 27%Despite an already strong run, ERAMET S.A. ( EPA:ERA ) shares have been powering on, with a gain of 27% in the last...
分析記事 • Apr 24ERAMET (EPA:ERA) Is Paying Out Less In Dividends Than Last YearERAMET S.A. ( EPA:ERA ) has announced that on 6th of June, it will be paying a dividend of€1.50, which a reduction from...
Declared Dividend • Apr 23Dividend reduced to €1.50Dividend of €1.50 is 57% lower than last year. Ex-date: 4th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 249% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Apr 12ERAMET (EPA:ERA) Has A Somewhat Strained Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Reported Earnings • Feb 25Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: €3.59 (down from €31.25 in FY 2022). Revenue: €3.34b (down 35% from FY 2022). Net income: €103.0m (down 89% from FY 2022). Profit margin: 3.1% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.
お知らせ • Feb 22ERAMET S.A., Annual General Meeting, May 30, 2024ERAMET S.A., Annual General Meeting, May 30, 2024.
Major Estimate Revision • Feb 21Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €3.54b to €3.45b. EPS estimate also fell from €11.90 per share to €9.26 per share. Net income forecast to shrink 26% next year vs 4.7% growth forecast for Metals and Mining industry in France . Consensus price target broadly unchanged at €118. Share price fell 5.7% to €59.70 over the past week.
お知らせ • Jan 30ERAMET S.A. Announces Executive ChangesERAMET S.A. announced Charles Nouel, currently Director of the Mineral Sands Business Unit, has been appointed Chief Operating Officer of the Eramet Group. In this capacity, he will become a member of the Executive Committee. This appointment will take effect on April 1, 2024. He will succeed Kléber Silva, who has decided to leave the Group to pursue another professional opportunity. Charles Nouel has over 30 years' experience in the mining industry, including 24 years with Eramet. His international career in Europe, Africa and Oceania has enabled him to develop solid technical and managerial skills in all aspects of mining and metallurgy: geology, mining engineering, operations, industrial projects, mineral processing and metallurgy, ore purchasing and sales, operational management and business unit leadership. Since 2016, he was Director of the Mineral Sands Business Unit, the world's 4th largest producer of Zircon and titanium products. Born in 1967, Charles Nouel is a graduate of the Ecole Nationale Supérieure de Géologie de Nancy (1991). He began his career as a Geostatistical Geologist for Cogema in Australia, before working as a Geologist and then Director of the Mines d'Or de Salsigne open-pit mine in France (1993), then as Senior Mining Engineer for Mining & Resource Technology in Australia (1998). In 2000, he joined Eramet as Project Manager for the Tiébaghi mine in New Caledonia, before moving on to various management positions within the Nickel Business Unit, where he became Deputy Director of Industrial Affairs in 2009. Ore Market Director for the Manganese Division in 2010, he took over as Director of the Mineral Sands Business Unit in 2016, while serving as the Group's Chief Technical Officer from 2020 to 2022.
分析記事 • Jan 07ERAMET S.A.'s (EPA:ERA) Price Is Out Of Tune With RevenuesIt's not a stretch to say that ERAMET S.A.'s ( EPA:ERA ) price-to-sales (or "P/S") ratio of 0.5x right now seems quite...
お知らせ • Oct 27+ 1 more updateERAMET S.A. to Report Fiscal Year 2023 Results on Feb 21, 2024ERAMET S.A. announced that they will report fiscal year 2023 results on Feb 21, 2024
Major Estimate Revision • Oct 27Consensus EPS estimates fall by 11%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €3.51b to €3.64b. EPS estimate fell from €7.68 to €6.81 per share. Net income forecast to grow 5.8% next year vs 9.9% growth forecast for Metals and Mining industry in France. Consensus price target down from €127 to €123. Share price was steady at €61.75 over the past week.
分析記事 • Oct 25These 4 Measures Indicate That ERAMET (EPA:ERA) Is Using Debt ExtensivelySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Sep 22INEOS Enterprises Group Limited completed the acquisition of TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA).INEOS Enterprises Group Limited made an offer to acquire TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA) for an enterprise value of approximately $250 million on July 25, 2023. INEOS Enterprises Group Limited completed the acquisition of TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA) on September 21, 2023. The transaction got approved by regulatory authorities.
Price Target Changed • Aug 31Price target decreased by 8.5% to €126Down from €138, the current price target is an average from 5 analysts. New target price is 78% above last closing price of €70.85. Stock is down 11% over the past year. The company is forecast to post earnings per share of €7.15 for next year compared to €31.25 last year.
分析記事 • Aug 16Investors Could Be Concerned With ERAMET's (EPA:ERA) Returns On CapitalWhat underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in...
Major Estimate Revision • Aug 02Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €3.94b to €3.53b. EPS estimate fell from €12.76 to €7.15 per share. Net income forecast to grow 13% next year vs 6.1% decline forecast for Metals and Mining industry in France. Consensus price target down from €138 to €132. Share price fell 14% to €75.60 over the past week.
Reported Earnings • Jul 28First half 2023 earnings released: EPS: €2.95 (vs €23.99 in 1H 2022)First half 2023 results: EPS: €2.95 (down from €23.99 in 1H 2022). Revenue: €1.60b (down 39% from 1H 2022). Net income: €84.0m (down 88% from 1H 2022). Profit margin: 5.2% (down from 26% in 1H 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.
分析記事 • Jul 28ERAMET S.A. (EPA:ERA) Analysts Just Slashed This Year's Revenue Estimates By 11%One thing we could say about the analysts on ERAMET S.A. ( EPA:ERA ) - they aren't optimistic, having just made a major...
お知らせ • Jul 26An unknown buyer made an offer to acquire TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA) for an enterprise value of approximately $250 million.An unknown buyer made an offer to acquire TiZir Titanium & Iron A/S from ERAMET S.A. (ENXTPA:ERA) for an enterprise value of approximately $250 million on July 25, 2023.
分析記事 • Jun 11We Think ERAMET (EPA:ERA) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • May 25ERAMET (EPA:ERA) Has Announced That It Will Be Increasing Its Dividend To €3.50ERAMET S.A. ( EPA:ERA ) will increase its dividend from last year's comparable payment on the 30th of May to €3.50. The...
お知らせ • May 24+ 1 more updateERAMET S.A. Approves the Distribution in Respect of the 2022 Financial Year, Payable on 30 May 2023ERAMET S.A. approved the distribution of a €3.50 dividend per share in respect of the 2022 financial year. The ex-dividend date will be on 26 May 2023 and payment as of 30 May 2023.
Upcoming Dividend • May 19Upcoming dividend of €3.50 per share at 3.8% yieldEligible shareholders must have bought the stock before 26 May 2023. Payment date: 30 May 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of French dividend payers (5.3%). In line with average of industry peers (4.1%).
分析記事 • May 10The Trend Of High Returns At ERAMET (EPA:ERA) Has Us Very InterestedIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Major Estimate Revision • May 03Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €4.35b to €4.20b. EPS estimate also fell from €15.43 per share to €12.98 per share. Net income forecast to shrink 58% next year vs 19% decline forecast for Metals and Mining industry in France. Consensus price target down from €150 to €147. Share price fell 5.0% to €85.70 over the past week.
Reported Earnings • Apr 24Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: €31.25 (up from €25.34 in FY 2021). Revenue: €5.10b (up 38% from FY 2021). Net income: €896.0m (up 24% from FY 2021). Profit margin: 18% (down from 20% in FY 2021). Production and reserves: Nickel Production: 55,064 t (54,093 t in FY 2021) Proved and probable reserves (ore): 624.9 Mt (396.9 Mt in FY 2021) Number of mines: 2 (2 in FY 2021) Titanium Production: 94,000 t (0.105 Mt in FY 2021) Manganese Production: 7.539 Mt (7.024 Mt in FY 2021) Proved and probable reserves (ore): 225 Mt (225 Mt in FY 2021) Number of mines: 1 (1 in FY 2021) Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 15Now 27% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be €125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings is forecast to decline by 12% per annum over the same time period.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €114, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 313% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €170 per share.