ERAMET S.A.

LSE:0MGV Stock Report

Market Cap: €1.4b

ERAMET Valuation

Is 0MGV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0MGV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0MGV (€51.2) is trading above our estimate of fair value (€48.5)

Significantly Below Fair Value: 0MGV is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0MGV?

Key metric: As 0MGV is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0MGV. This is calculated by dividing 0MGV's market cap by their current revenue.
What is 0MGV's PS Ratio?
PS Ratio0.5x
Sales€3.20b
Market Cap€1.43b

Price to Sales Ratio vs Peers

How does 0MGV's PS Ratio compare to its peers?

The above table shows the PS ratio for 0MGV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
KMR Kenmare Resources
1.1x5.6%UK£321.2m
GFM Griffin Mining
2x-5.1%UK£260.3m
CAPD Capital
0.6x3.0%UK£164.5m
MTL Metals Exploration
0.7x-5.7%UK£98.5m
0MGV ERAMET
0.5x7.9%€1.4b

Price-To-Sales vs Peers: 0MGV is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does 0MGV's PS Ratio compare vs other companies in the GB Metals and Mining Industry?

14 CompaniesPrice / SalesEstimated GrowthMarket Cap
GLEN Glencore
0.3x-0.8%US$58.65b
NLMK Novolipetsk Steel
0.3xn/aUS$4.08b
EVR EVRAZ
0.1x-8.5%US$1.42b
PDL Petra Diamonds
0.2x8.5%US$83.83m
0MGV 0.5xIndustry Avg. 2.0xNo. of Companies14PS01.22.43.64.86+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0MGV is good value based on its Price-To-Sales Ratio (0.5x) compared to the UK Metals and Mining industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is 0MGV's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0MGV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio3.9x

Price-To-Sales vs Fair Ratio: 0MGV is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (3.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0MGV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€50.77
€88.80
+74.9%
40.0%€148.00€45.00n/a5
Nov ’25€53.99
€94.60
+75.2%
39.2%€148.00€45.00n/a5
Oct ’25€69.70
€125.20
+79.6%
22.6%€150.00€72.00n/a5
Sep ’25€72.48
€152.80
+110.8%
16.6%€184.00€107.00n/a5
Aug ’25€78.00
€152.80
+95.9%
16.6%€184.00€107.00n/a5
Jul ’25€97.85
€151.40
+54.7%
16.4%€183.00€107.00n/a5
Jun ’25€105.25
€134.40
+27.7%
26.1%€172.00€73.00n/a5
May ’25€92.30
€118.80
+28.7%
31.1%€172.00€73.00n/a5
Apr ’25€70.50
€111.60
+58.3%
29.8%€161.00€73.00n/a5
Mar ’25€63.35
€114.20
+80.3%
26.6%€156.00€73.00n/a5
Feb ’25€63.53
€120.00
+88.9%
35.6%€192.00€73.00n/a5
Jan ’25€71.71
€121.60
+69.6%
33.9%€192.00€77.00n/a5
Dec ’24€72.48
€121.60
+67.8%
33.9%€192.00€77.00n/a5
Nov ’24€65.31
€121.60
+86.2%
28.6%€180.00€85.00€53.995
Oct ’24€72.63
€127.20
+75.1%
29.2%€192.00€91.00€69.705
Sep ’24€69.76
€126.40
+81.2%
30.0%€192.00€87.00€72.485
Aug ’24€73.69
€131.60
+78.6%
28.0%€192.00€93.00€78.005
Jul ’24€84.07
€139.80
+66.3%
20.7%€170.00€93.00€97.855
Jun ’24€82.83
€146.75
+77.2%
17.1%€170.00€110.00€105.254
May ’24€87.62
€150.00
+71.2%
18.3%€180.00€110.00€92.304
Apr ’24€96.17
€145.75
+51.6%
15.6%€170.00€110.00€70.504
Mar ’24€106.67
€145.75
+36.6%
15.6%€170.00€110.00€63.354
Feb ’24€103.62
€144.75
+39.7%
29.9%€210.00€88.00€63.534
Jan ’24€86.15
€131.00
+52.1%
38.5%€210.00€86.00€71.714
Dec ’23€80.01
€131.00
+63.7%
38.5%€210.00€86.00€72.484
Nov ’23€69.07
€131.00
+89.7%
38.5%€210.00€86.00€65.314

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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