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ERAMET

OTCPK:ERMA.F
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ERMA.F
OTCPK
€1B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

ERAMET S.A. operates as a mining and metallurgical company worldwide. The last earnings update was 96 days ago. More info.


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ERMA.F Share Price and Events
7 Day Returns
0%
OTCPK:ERMA.F
2.5%
US Metals and Mining
-1.2%
US Market
1 Year Returns
-
OTCPK:ERMA.F
-13.4%
US Metals and Mining
3.4%
US Market
ERMA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ERAMET (ERMA.F) 0% - - - - -
US Metals and Mining 2.5% 4.1% 0.6% -13.4% 4.4% -16.7%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • No trading data on ERMA.F.
  • No trading data on ERMA.F.
Price Volatility
ERMA.F
Industry
5yr Volatility vs Market

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.

OTCPK:ERMA.F 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 14.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:ERMA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.062 (1 + (1- 33%) (146.51%))
1.74
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.74
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.74 * 6.65%)
14.3%

Discounted Cash Flow Calculation for OTCPK:ERMA.F 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.

OTCPK:ERMA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.3%)
2020 247.90 Analyst x3 216.88
2021 198.00 Analyst x1 151.55
2022 168.58 Est @ -14.86% 112.88
2023 152.43 Est @ -9.58% 89.30
2024 143.45 Est @ -5.89% 73.52
2025 138.71 Est @ -3.3% 62.20
2026 136.64 Est @ -1.49% 53.60
2027 136.33 Est @ -0.23% 46.79
2028 137.23 Est @ 0.66% 41.20
2029 138.99 Est @ 1.28% 36.51
Present value of next 10 years cash flows €884.43
OTCPK:ERMA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €138.99 × (1 + 2.73%) ÷ (14.3% – 2.73%)
€1,233.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,233.79 ÷ (1 + 14.3%)10
€324.09
OTCPK:ERMA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €884.43 + €324.09
€1,208.52
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,208.52 / 26.54
€45.53
OTCPK:ERMA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ERMA.F represents 1.18855x of ENXTPA:ERA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.18855x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 45.53 x 1.18855
$54.12
Value per share (USD) From above. $54.12
Current discount Discount to share price of $63.73
= -1 x ($63.73 - $54.12) / $54.12
-17.8%

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

  • The current share price of ERAMET is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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
OTCPK:ERMA.F 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 (2019-07-08) in EUR €53.62
United States of America Metals and Mining Industry PE Ratio Median Figure of 45 Publicly-Listed Metals and Mining Companies 10x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

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

** Primary Listing of ERAMET.

OTCPK:ERMA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 53.62 ÷ 2.00

26.85x

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

  • ERAMET is overvalued based on earnings compared to the US Metals and Mining industry average.
  • ERAMET is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does ERAMET's expected growth come at a high price?
Raw Data
OTCPK:ERMA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
44.6%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 23 Publicly-Listed Metals and Mining Companies 0.67x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

OTCPK:ERMA.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.85x ÷ 44.6%

0.6x

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
OTCPK:ERMA.F 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 (2019-07-08) in EUR €53.62
United States of America Metals and Mining Industry PB Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 1.42x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
OTCPK:ERMA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 53.62 ÷ 60.51

0.89x

* Primary Listing of ERAMET.

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

  • ERAMET is good value based on assets compared to the US 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.

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
44.6%
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 2.7%.
Growth vs Market Checks
  • ERAMET's earnings growth is expected to exceed the United States of America market average.
  • ERAMET's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ERMA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ERMA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 44.6%
OTCPK:ERMA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 1.6%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 19.6%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
OTCPK:ERMA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
OTCPK:ERMA.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,013 478 316 3
2020-12-31 3,717 673 246 5
2019-12-31 3,710 247 177 5
OTCPK:ERMA.F 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 1.6% 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
OTCPK:ERMA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 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 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ERMA.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 9.30 9.30 9.30 1.00
2020-12-31 9.30 12.80 6.90 4.00
2019-12-31 6.66 9.97 5.10 4.00
OTCPK:ERMA.F 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.

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 US 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 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ERMA.F 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

*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 US 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.

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 6 months ago.

OTCPK:ERMA.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,909.00 2,043.00 1,365.00
2018-09-30 1,909.00 2,043.00 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 2,232.00 2,047.00
2017-09-30 1,989.00 2,232.00 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 2,312.00 1,691.00
2016-09-30 1,791.00 2,312.00 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 1,295.00 628.00
2015-09-30 1,788.00 1,295.00 628.00
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 1,295.00 936.00
2014-09-30 2,756.00 1,295.00 936.00
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 3,008.00 997.00 907.00
2013-09-30 3,010.00 1,081.00 911.00
2013-06-30 3,523.00 738.00 861.00
2013-03-31 3,523.00 738.00 861.00
2012-12-31 3,809.00 523.00 989.00
2012-09-30 3,809.00 523.00 989.00
  • 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 5.9x 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.

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
1.12%
Current annual income from ERAMET dividends. Estimated to be 4.19% next year.
If you bought $2,000 of ERAMET shares you are expected to receive $22 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 United States of America (1.44%).
  • ERAMET's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
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
OTCPK:ERMA.F 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
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:ERMA.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.83 2.00
2020-12-31 2.41 4.00
2019-12-31 1.80 4.00
OTCPK:ERMA.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.600 1.101
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
2009-04-14 5.250 2.493
2009-01-15 5.250 3.782

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of ERAMET's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
X
Income/ dividend checks
We assess ERAMET's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 2/6, see the detailed checks below.


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

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 €3,218,793
AGE 55
TENURE AS CEO 2.2 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
  • Christel's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Christel's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

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

1.8
Average Tenure
52.5
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
€3M
AGE
55
TENURE
2.2 yrs

Thomas Devedjian

TITLE
Deputy Director General of Finance and Digital Transformation
COMPENSATION
€1M
AGE
48
TENURE
3.4 yrs

Philippe Gundermann

TITLE
Executive Vice President of Strategy
COMPENSATION
€667K
TENURE
1.5 yrs

Jean de L’Hermite

TITLE
Group General Counsel
COMPENSATION
€442K
TENURE
2.1 yrs

Virginie De Chassey

TITLE
Executive Senior VP of Communication & Sustainable Development
COMPENSATION
€201K
AGE
50
TENURE
0.8 yrs

Michel Carnec

TITLE
Executive Senior Vice-President of Human Resources
COMPENSATION
€792K

Jérôme Fabre

TITLE
Deputy CEO of High Performance Alloys Division
COMPENSATION
€735K
TENURE
0.2 yrs

Kléber Silva

TITLE
Deputy CEO of the Mining and Metals Division
COMPENSATION
€1M

Cyrille Duval

TITLE
Representative Director
COMPENSATION
€79K
AGE
71

Marcel Abéké

TITLE
CEO of Comilog Gabon and Deputy Delegate CEO of the Manganese Division
Board of Directors Tenure

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

6.2
Average Tenure
62
Average Age
  • The tenure for the ERAMET board of directors is about average.
Board of Directors

Christel Bories

TITLE
Chairman
COMPENSATION
€3M
AGE
55
TENURE
2.2 yrs

Yves Rambaud

TITLE
Honory Chairman
AGE
84

Cyrille Duval

TITLE
Representative Director
COMPENSATION
€79K
AGE
71
TENURE
8.2 yrs

Joseph Chang

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

Claude Tendil

TITLE
Independent Director
COMPENSATION
€60K
AGE
74
TENURE
6.2 yrs

Miriam Maes

TITLE
Independent Director
COMPENSATION
€69K
AGE
63
TENURE
3.2 yrs

Louis Mapou

TITLE
Independent Director
COMPENSATION
€14K
AGE
61
TENURE
1.2 yrs

Daniel Signoret

TITLE
Borad Observer
TENURE
7 yrs

Manoelle Lepoutre

TITLE
Independent Director
COMPENSATION
€48K
AGE
60
TENURE
8.2 yrs

Michel Antsélévé

TITLE
Director
COMPENSATION
€42K
AGE
54
TENURE
6.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual 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.

News

Simply Wall St News

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.
ERMA.F
Exchange: OTCPK
Founded: 1880
€1,596,850,770
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: 2019/07/20 23:56
End of day share price update: 2019/07/08 00:00
Last estimates confirmation: 2019/07/15
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.