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ERAMET

ENXTPA:ERA
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ERA
ENXTPA
€2B
Market Cap
  1. Home
  2. FR
  3. Materials
Company description

ERAMET S.A. operates as a mining and metallurgical company worldwide. The last earnings update was 6 days ago. More info.


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  • ERAMET has significant price volatility in the past 3 months.
ERA Share Price and Events
7 Day Returns
19.5%
ENXTPA:ERA
13.8%
FR Metals and Mining
1.3%
FR Market
1 Year Returns
-52%
ENXTPA:ERA
-48.1%
FR Metals and Mining
3.6%
FR Market
ERA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ERAMET (ERA) 19.5% 45.6% 7.9% -52% 126.4% -28.5%
FR Metals and Mining 13.8% 22.5% 3.7% -48.1% -46.7% -64.3%
FR Market 1.3% 3.8% 14.3% 3.6% 28.9% 33.6%
1 Year Return vs Industry and Market
  • ERA underperformed the Metals and Mining industry which returned -48.1% over the past year.
  • ERA underperformed the Market in France which returned 3.6% over the past year.
Price Volatility
ERA
Industry
5yr Volatility vs Market

ERA Value

 Is ERAMET undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ERAMET to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ERAMET.

ENXTPA:ERA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.7%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:ERA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.133 (1 + (1- 33%) (110.8%))
1.652
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.65
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.652 * 6.65%)
11.72%

Discounted Cash Flow Calculation for ENXTPA:ERA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ERAMET is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:ERA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.72%)
2019 276.70 Analyst x2 247.67
2020 282.30 Analyst x3 226.18
2021 289.70 Analyst x1 207.76
2022 295.59 Est @ 2.03% 189.74
2023 300.44 Est @ 1.64% 172.63
2024 304.56 Est @ 1.37% 156.64
2025 308.15 Est @ 1.18% 141.86
2026 311.37 Est @ 1.04% 128.30
2027 314.33 Est @ 0.95% 115.94
2028 317.11 Est @ 0.89% 104.69
Present value of next 10 years cash flows €1,691.41
ENXTPA:ERA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €317.11 × (1 + 0.73%) ÷ (11.72% – 0.73%)
€2,907.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,907.53 ÷ (1 + 11.72%)10
€959.91
ENXTPA:ERA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,691.41 + €959.91
€2,651.32
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,651.32 / 26.54
€99.9
ENXTPA:ERA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €99.90
Current discount Discount to share price of €70.90
= -1 x (€70.90 - €99.90) / €99.90
29%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ERAMET is available for.
Intrinsic value
29%
Share price is €70.9 vs Future cash flow value of €99.9
Current Discount Checks
For ERAMET to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ERAMET's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ERAMET's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ERAMET's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ERAMET's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ERA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.00
ENXTPA:ERA Share Price ** ENXTPA (2019-04-18) in EUR €70.9
France Metals and Mining Industry PE Ratio Median Figure of 6 Publicly-Listed Metals and Mining Companies 9.88x
France Market PE Ratio Median Figure of 418 Publicly-Listed Companies 16.34x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ERAMET.

ENXTPA:ERA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ERA Share Price ÷ EPS (both in EUR)

= 70.9 ÷ 2.00

35.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ERAMET is overvalued based on earnings compared to the FR Metals and Mining industry average.
  • ERAMET is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does ERAMET's expected growth come at a high price?
Raw Data
ENXTPA:ERA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
40.2%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 62 Publicly-Listed Metals and Mining Companies 0.64x
France Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

ENXTPA:ERA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.51x ÷ 40.2%

0.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ERAMET is good value based on expected growth next year.
Price based on value of assets
What value do investors place on ERAMET's assets?
Raw Data
ENXTPA:ERA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €60.51
ENXTPA:ERA Share Price * ENXTPA (2019-04-18) in EUR €70.9
France Metals and Mining Industry PB Ratio Median Figure of 8 Publicly-Listed Metals and Mining Companies 0.93x
France Market PB Ratio Median Figure of 619 Publicly-Listed Companies 1.49x
ENXTPA:ERA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ERA Share Price ÷ Book Value per Share (both in EUR)

= 70.9 ÷ 60.51

1.17x

* Primary Listing of ERAMET.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ERAMET is overvalued based on assets compared to the FR Metals and Mining industry average.
X
Value checks
We assess ERAMET's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. ERAMET has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ERA Future Performance

 How is ERAMET expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ERAMET expected to grow at an attractive rate?
  • ERAMET's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • ERAMET's earnings growth is expected to exceed the France market average.
  • ERAMET's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ERA Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ERA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 40.2%
ENXTPA:ERA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 1.1%
France Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 31%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
France Market Earnings Growth Rate Market Cap Weighted Average 13.4%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:ERA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ERA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,949 308 2
2020-12-31 3,777 880 245 5
2019-12-31 3,864 750 213 4
ENXTPA:ERA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 3,749 437 53
2018-09-30 3,647 500 135
2018-06-30 3,544 562 216
2018-03-31 3,548 625 210
2017-12-31 3,552 687 203
2017-09-30 3,449 587 123
2017-06-30 3,345 486 43
2017-03-31 3,150 292 -68
2016-12-31 2,954 98 -179
2016-09-30 2,871 51 -476
2016-06-30 2,788 3 -772
2016-03-31 2,902 -5 -743

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ERAMET's earnings are expected to grow significantly at over 20% yearly.
  • ERAMET's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:ERA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from ERAMET Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ERA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 11.70 14.20 9.19 2.00
2020-12-31 9.27 13.10 6.90 5.00
2019-12-31 8.06 11.00 5.10 5.00
ENXTPA:ERA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.00
2018-09-30 5.06
2018-06-30 8.12
2018-03-31 7.90
2017-12-31 7.67
2017-09-30 4.65
2017-06-30 1.63
2017-03-31 -2.58
2016-12-31 -6.79
2016-09-30 -18.07
2016-06-30 -29.40
2016-03-31 -28.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ERAMET is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ERAMET's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ERAMET has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ERA Past Performance

  How has ERAMET performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ERAMET's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ERAMET has delivered over 20% year on year earnings growth in the past 5 years.
  • ERAMET's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ERAMET's 1-year earnings growth is negative, it can't be compared to the FR Metals and Mining industry average.
Earnings and Revenue History
ERAMET's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ERAMET Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ERA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,749.00 53.00 177.00 28.00
2018-09-30 3,646.50 134.50 168.50 27.50
2018-06-30 3,544.00 216.00 161.00 27.00
2018-03-31 3,548.00 209.50 163.50 27.50
2017-12-31 3,552.00 203.00 165.00 28.00
2017-09-30 3,448.50 123.00 163.50 33.00
2017-06-30 3,345.00 43.00 162.00 38.00
2017-03-31 3,149.50 -68.00 159.00 36.00
2016-12-31 2,954.00 -179.00 156.00 34.00
2016-09-30 2,871.00 -475.50 168.00 29.50
2016-06-30 2,788.00 -772.00 180.00 25.00
2016-03-31 2,901.50 -743.00 180.50 25.00
2015-12-31 3,015.00 -714.00 181.00 25.00
2015-09-30 3,083.00 -448.50 171.00 25.50
2015-06-30 3,151.00 -183.00 161.00 26.00
2015-03-31 3,113.00 -171.00 164.50 28.00
2014-12-31 3,075.00 -159.00 168.00 30.00
2014-09-30 3,044.00 -278.00 179.50 35.00
2014-06-30 3,013.00 -397.00 191.00 40.00
2014-03-31 3,049.00 -383.50 199.50 43.50
2013-12-31 3,085.00 -370.00 208.00 47.00
2013-09-30 3,206.50 -207.00 211.50 48.50
2013-06-30 3,288.00 -44.00 212.00 50.00
2013-03-31 3,367.50 -17.50 209.50 50.50
2012-12-31 3,447.00 9.00 207.00 51.00
2012-09-30 3,431.00 45.00 200.00 50.00
2012-06-30 3,415.00 81.00 193.00 49.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ERAMET has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ERAMET used its assets less efficiently than the FR Metals and Mining industry average last year based on Return on Assets.
  • ERAMET has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess ERAMET's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ERAMET has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ERA Health

 How is ERAMET's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ERAMET's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ERAMET is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ERAMET's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ERAMET's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ERAMET Company Filings, last reported 3 months ago.

ENXTPA:ERA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,909.00 2,085.00 1,365.00
2018-09-30 1,909.00 2,085.00 1,365.00
2018-06-30 1,971.00 1,784.00 1,479.00
2018-03-31 1,971.00 1,784.00 1,479.00
2017-12-31 1,989.00 2,287.00 2,047.00
2017-09-30 1,989.00 2,287.00 2,047.00
2017-06-30 1,851.00 1,910.00 1,409.00
2017-03-31 1,851.00 1,910.00 1,409.00
2016-12-31 1,791.00 2,371.00 1,691.00
2016-09-30 1,791.00 2,371.00 1,691.00
2016-06-30 1,679.00 2,265.00 1,277.00
2016-03-31 1,679.00 2,265.00 1,277.00
2015-12-31 1,788.00 1,344.00 628.00
2015-09-30 1,788.00 1,344.00 628.00
2015-06-30 2,670.00 1,404.00 757.00
2015-03-31 2,670.00 1,404.00 757.00
2014-12-31 2,756.00 1,355.00 936.00
2014-09-30 2,756.00 1,355.00 936.00
2014-06-30 2,924.00 1,319.00 939.00
2014-03-31 2,924.00 1,319.00 939.00
2013-12-31 3,008.00 1,048.00 907.00
2013-09-30 3,010.00 1,132.00 911.00
2013-06-30 3,523.00 738.00 861.00
2013-03-31 3,523.00 738.00 861.00
2012-12-31 3,809.00 554.00 989.00
2012-09-30 3,809.00 554.00 989.00
2012-06-30 3,840.00 326.00 1,138.00
  • ERAMET's level of debt (109.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (35% vs 109.2% today).
  • Debt is well covered by operating cash flow (21%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess ERAMET's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ERAMET has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ERA Dividends

 What is ERAMET's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.85%
Current annual income from ERAMET dividends. Estimated to be 3.67% next year.
If you bought €2,000 of ERAMET shares you are expected to receive €17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ERAMET's pays a lower dividend yield than the bottom 25% of dividend payers in France (1.56%).
  • ERAMET's dividend is below the markets top 25% of dividend payers in France (4.36%).
Upcoming dividend payment

Purchase ERAMET before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:ERA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
France Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.7%
France Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 2.9%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:ERA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.81 2.00
2020-12-31 2.46 5.00
2019-12-31 2.70 3.00
ENXTPA:ERA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.600 1.119
2018-04-04 2.300 2.753
2018-02-21 2.300 1.923
2015-02-20 0.000 0.000
2014-07-29 0.000 0.000
2014-03-26 0.000 0.000
2014-02-24 0.000 0.000
2013-05-16 1.300 1.822
2012-07-31 2.250 2.370
2012-03-29 2.250 2.507
2012-02-17 2.250 1.963
2011-05-11 3.500 2.662
2010-02-18 1.800 0.751
2009-04-22 5.250 2.484

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ERAMET is not paying a notable dividend for France, therefore no need to check if the payments are stable.
  • ERAMET is not paying a notable dividend for France, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of ERAMET's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of ERAMET's dividends as it is not paying a notable one for France.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess ERAMET's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ERAMET afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ERAMET has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ERA Management

 What is the CEO of ERAMET's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Christel Bories
COMPENSATION €2,307,970
AGE 54
TENURE AS CEO 1.9 years
CEO Bio

Ms. Christel Bories has been the Chairman and Chief Executive Officer of ERAMET S.A. since May 23, 2017 and its President since June 2018. Ms. Bories served as the Deputy Chief Executive Officer of Ipsen S.A. from March 1, 2013 to February 15, 2016 and served as its Interim Executive Vice-President of Technical Operations since August 29, 2013. Ms. Bories served as an Unit Chief Executive Officer and President of Rio Tinto Alcan Inc. She served as the Chairman, President and Chief Executive Officer of Constellium France SAS at Rio Tinto Alcan, Inc. from October 30, 2006 to November 18, 2011. She was Chairman and Chief Executive Officer of Alcan Engineered Products. She served as the Chief Executive Officer at Constellium N.V until February 2012. Ms. Bories served as Senior Vice President of Rio Tinto Alcan, Inc. since December 2003. She was the in-charge of the Packaging Sector for Food Healthcare & Beauty at Alcan France SAS (now Rio Tinto France SAS) January 1999. She served as the Head of Packaging Sector for Food Healthcare & Beauty at Alcan Packaging Inc. She served as the President and Chief Executive Officer of Alcan Packaging Inc. at Rio Tinto Alcan Inc. from December 2003 to December 1, 2006. She served as Senior Executive Vice President and Chief Operating Officer of Plastic Packaging for Pechiney Group since January 1, 1999 and also at American National Can Company. She served as Senior Vice President and Chairman of the Board of Alcan Packaging, Inc. From April 1995 to December 1998, Ms. Bories served as a Senior Executive Vice President of Strategy and Control for Pechiney. She joined Pechiney in April 1995, as Secretary to the Executive Committee. She served several executive positions with Umicore and Groupe Pechiney. She served at Pechiney since 1998 and served as its Executive Vice President. In 1986, she joined Booz Allen & Hamilton as a Consultant and then served at Corporate Value Associates. She was a Consultant and Manager of Corporate Values Associates from 1987 to 1993. She served as Senior Vice President of Strategy and Control and Member of the Executive Committee for Union Minière (Belgium) from 1993 to 1995. She has been an Independent Non-Executive Director of Smurfit Kappa Group plc since November 6, 2012 and Ball Beverage Can Americas Inc. since April 14, 1999. She has been an Independent Director at Legrand SA since May 25, 2012. She has senior management experience within industrial groups and as a strategy consultant. She served as an Independent Director of Natixis S.A. from February 22, 2011 to May 19, 2015. She was a Director of Cercle de l’Industrie until May 2013. She served as a Director of Atlas Copco Group from April 2008 to December 2010. Ms. Bories is a graduate of the École des Hautes Études Commerciales (HEC).

CEO Compensation
  • Insufficient data for Christel to compare compensation growth.
  • Christel's remuneration is higher than average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the ERAMET management team in years:

1.5
Average Tenure
49
Average Age
  • The average tenure for the ERAMET management team is less than 2 years, this suggests a new team.
Management Team

Christel Bories

TITLE
Chairman
COMPENSATION
€2M
AGE
54
TENURE
1.9 yrs

Thomas Devedjian

TITLE
CFO & CTO
COMPENSATION
€1M
AGE
47
TENURE
3.2 yrs

Philippe Gundermann

TITLE
Executive Vice President of Strategy
COMPENSATION
€577K
TENURE
1.3 yrs

Jean de L’Hermite

TITLE
Chief Legal Officer
COMPENSATION
€367K
TENURE
1.8 yrs

Michel Carnec

TITLE
Executive Senior Vice-President of Human Resources
COMPENSATION
€814K

P. Vecton

TITLE
Vice President of Strategy
COMPENSATION
€1M

Virginie De Chassey

TITLE
Executive Senior VP of Communication & Sustainable Development
AGE
49
TENURE
0.5 yrs

Marcel Abéké

TITLE
CEO of Comilog Gabon and Deputy Delegate CEO of the Manganese Division

Hervé Montégu

TITLE
Senior Vice President of Lithium Activities
TENURE
0.3 yrs

Joseph Chang

TITLE
Chairman of Eramet China and Chief Executive Officer of Eramet China
Board of Directors Tenure

Average tenure and age of the ERAMET board of directors in years:

6.9
Average Tenure
70
Average Age
  • The tenure for the ERAMET board of directors is about average.
Board of Directors

Édouard Duval

TITLE
Director
COMPENSATION
€40K
AGE
74
TENURE
7.9 yrs

Christel Bories

TITLE
Chairman
COMPENSATION
€2M
AGE
54
TENURE
1.9 yrs

Yves Rambaud

TITLE
Honory Chairman
AGE
83

Joseph Chang

TITLE
Chairman of Eramet China and Chief Executive Officer of Eramet China

Claude Tendil

TITLE
Independent Director
COMPENSATION
€70K
AGE
73
TENURE
5.9 yrs

Miriam Maes

TITLE
Independent Director
COMPENSATION
€29K
AGE
62
TENURE
2.9 yrs

Louis Mapou

TITLE
Independent Director
AGE
60
TENURE
0.9 yrs

Cyrille Duval

TITLE
Representative Director
COMPENSATION
€57K
AGE
70
TENURE
7.9 yrs

Georges Duval

TITLE
Director
COMPENSATION
€35K
AGE
72
TENURE
19.8 yrs

Antoine Treuille

TITLE
Independent Director
COMPENSATION
€94K
AGE
70
TENURE
19.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess ERAMET's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ERAMET has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ERA News

Simply Wall St News

Here's What ERAMET S.A.'s (EPA:ERA) P/E Is Telling Us

To keep it practical, we'll show how ERAMET S.A.'s (EPA:ERA) P/E ratio could help you assess the value on offer. … ERAMET has a price to earnings ratio of 29.72, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is ERAMET S.A. (EPA:ERA) A Strong Dividend Stock?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Let's dig deeper into whether ERAMET should have a place in your portfolio. … Check out our latest analysis for ERAMET

Simply Wall St -

What Kind Of Shareholders Own ERAMET S.A. (EPA:ERA)?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned. … We can zoom in on the different ownership groups, to learn more about ERA

Simply Wall St -

Should ERAMET S.A. (EPA:ERA) Focus On Improving This Fundamental Metric?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.063 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does The ERAMET S.A. (EPA:ERA) Share Price Fall With The Market?

(EPA:ERA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

A Look At The Intrinsic Value Of ERAMET S.A. (EPA:ERA)

by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Is ERAMET S.A. (EPA:ERA) A Financially Sound Company?

(EPA:ERA) with its market cap of €1.4b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Here's What ERAMET S.A.'s (EPA:ERA) P/E Ratio Is Telling Us

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how ERAMET S.A.'s (EPA:ERA) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Did ERAMET SA (EPA:ERA) Use Debt To Deliver Its ROE Of 15%?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows ERAMET has a return on equity of 15% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does ERAMET SA's (EPA:ERA) Debt Level Pose A Problem?

Mid-caps stocks, like ERAMET SA (EPA:ERA) with a market capitalization of €2.15b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … ERA’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Don’t forget that this is a general and concentrated examination of ERAMET’s financial health, so you should conduct further analysis.

Simply Wall St -

ERA Company Info

Description

ERAMET S.A. operates as a mining and metallurgical company worldwide. The company operates through two divisions, Mining and Metals, and High Performance Alloys. The Mining and Metals extracts and processes manganese ore, nickel ore, mineral sands, and lithium. It also produces ferronickel, high purity nickel, nickel slats, and other metallic salts used in stainless steel, nickel-based alloys, electroplating, catalysis, electronics, pigments, waste-water treatment, and pharmacy products; and manganese alloys, such as high-carbon ferromanganese, silicomanganese, low and medium-carbon ferromanganese, and low-carbon silicomanganese for use in steel products, alkaline batteries and accumulators, fertilizers and animal feeds, electronic components, and surface treating of metals and pigments. This division operates Moanda mine in Gabon; five nickel mines in New Caledonia; one mineral sand mine in Senegal; and lithium deposit in Argentina. The High Performance Alloys division produces special steels and super alloys for the aeronautics and power generation sectors; die-forged parts and rolled and forged products; long or flat products; and metal powders to aerospace, energy, land and sea transportation, industry, and specialty markets. This segment also engages in battery, catalyst, and metal oxide recycling; and titanium recycling activities. ERAMET S.A. was founded in 1880 and is headquartered in Paris, France.

Details
Name: ERAMET S.A.
ERA
Exchange: ENXTPA
Founded: 1880
€1,881,737,048
26,540,720
Website: http://www.eramet.com
Address: ERAMET S.A.
Tour Maine-Montparnasse,
33, avenue du Maine,
Paris,
Ile-de-France, 75755,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ERA Ordinary Shares Euronext Paris FR EUR 05. Oct 1994
OTCPK ERMA.F Ordinary Shares Pink Sheets LLC US USD 05. Oct 1994
DB ER7 Ordinary Shares Deutsche Boerse AG DE EUR 05. Oct 1994
LSE 0MGV Ordinary Shares London Stock Exchange GB EUR 05. Oct 1994
BATS-CHIXE ERAP Ordinary Shares BATS 'Chi-X Europe' GB EUR 05. Oct 1994
OTCPK ERMA.Y UNSPONSORD ADR Pink Sheets LLC US USD 13. Nov 2008
Number of employees
Current staff
Staff numbers
12,120
ERAMET employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:41
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.