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Aperam SA (APEMY)
OTHER OTC:APEMY
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Aperam SA
(OTC:APEMY)
Rating:64Neutral
Price Target:―
Aperam SA (APEMY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.36B
Dividend Yield5.31%
Average Volume (3M)0.00
Price to Earnings (P/E)9.4
Beta (1Y)1.08
Revenue Growth-2.85%
EPS Growth355.28%
CountryUS
Employees12,007
SectorBasic Materials
Sector Strength73
IndustrySteel
Share Statistics
EPS (TTM)-0.29
Shares Outstanding78,036,690
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)0.66
Price to Sales (P/S)0.00
P/FCF Ratio6.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Aperam SA Business Overview & Revenue Model
Company DescriptionAperam S.A., together with its subsidiaries, engages in the production and sale of stainless and specialty steel products worldwide. It operates through three segments: Stainless & Electrical Steel; Services & Solutions; and Alloys & Specialties. The company offers range of stainless steel products, including grain oriented and non-grain oriented electrical steel products, and specialty alloys. It is also involved in the distribution of its products; and the provision of transformation services that include value added and customized steel solutions. In addition, the company designs, produces, and transforms various specialty alloys and other specific stainless steels in forms, such as bars, semis, cold-rolled strips, wire and wire rods, and plates in a range on grades. It serves customers in aerospace, automotive, catering, construction, household appliances, electrical engineering, industrial processes, medical, and oil and gas industries. The company distributes its products through a network of service centers, transformation facilities, and sales offices. Aperam S.A. was incorporated in 2010 and is headquartered in Luxembourg City, Luxembourg.
How the Company Makes MoneyAperam SA generates revenue primarily through the manufacture and sale of stainless, electrical, and specialty steel products. The company's key revenue streams come from its diverse product offerings, which cater to sectors such as automotive, aerospace, and construction. Aperam benefits from its integrated production facilities and a robust distribution network that allows it to efficiently reach its global customer base. Strategic partnerships with major industrial players and a focus on innovation and sustainability also contribute significantly to its earnings.
Aperam SA Earnings Call Summary
Earnings Call Date:Apr 30, 2025
(Q1-2025)
| % Change Since: 7.85%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Neutral
Aperam's Q1 results demonstrate a strong strategic focus on growth and sustainability, with successful market entries and financing for decarbonization, although challenged by pricing pressure and economic uncertainties in Europe.Q1-2025 Updates
Positive Updates
Successful Entry into the US and Aerospace Industry
Aperam successfully entered the United States and the aerospace industry following the acquisition of Universal in January, further differentiating its value chain.
Leadership Journey Achievements
In the second year of its fifth edition, the Leadership Journey realized €21 million in Q1, contributing to a cumulative €116 million so far.
Financing for Sustainable Initiatives
Secured a €250 million financing package from the International Finance Corporation for sustainable forest management in Brazil, showcasing a commitment to decarbonization.
Strong Performance in Brazil
Despite seasonal challenges, demand in Brazil was robust, supported by the successful upgrade of the Hot Rolling Mill.
Alloys & Specialties Segment Record
Reported a new quarterly record EBITDA of €29 million, driven by the consolidation of Universal and strong demand.
Cost Leadership in Europe
Maintained break-even status in Europe despite tough market conditions, showcasing strong cost leadership.
Negative Updates
European Market Challenges
Europe faced intensified pricing pressure, with seasonally higher volumes failing to lend support to demand.
Negative Earnings Impact
Reported an adjusted EBITDA of €86 million, with earnings per share at minus €0.24 due to non-cash reversal of purchase price allocations.
High Net Financial Debt
Net financial debt increased significantly, driven by the acquisition of Universal and typical seasonal swings in net working capital.
Uncertain European Economic Environment
The economic outlook in Europe remains unclear, with additional risks arising from tariff wars and no planned recovery for 2025.
Company Guidance
In the Q1 2025 call, Aperam provided comprehensive guidance on its performance and future outlook. The company reported an adjusted EBITDA of €86 million for the quarter, achieving an EBITDA per ton of €200 despite pricing pressures and seasonality challenges. The Leadership Journey realized €21 million in Q1, contributing to a cumulative €116 million. The acquisition of Universal impacted the earnings with a negative €36 million in exceptional items, but it also presented a strategic advantage with potential synergies of US$30 million annually. The company outlined its commitment to deleveraging, following a net financial debt increase due to the €517 million acquisition cost, and plans to normalize debt by the end of 2027. Aperam highlighted robust demand in Brazil and a challenging European market, with an expected positive outlook for Q2 driven by seasonal volume increases. The ESG efforts were underscored by a €250 million financing package for sustainable forest management in Brazil, supporting Aperam's decarbonization roadmap.Aperam SA Financial Statement Overview
Summary
Aperam SA demonstrates moderate financial health with strong cost management and a debt-free balance sheet enhancing resilience. However, challenges exist in revenue growth and cash flow management, with profitability ratios indicating areas for improvement.Income Statement
Aperam SA has demonstrated a volatile revenue trend with a decline from 2022 to 2023, followed by a slight recovery in 2024. The gross profit margin has significantly improved in 2024, indicating better cost management. However, the net profit margin remains modest, reflecting challenges in controlling operating costs. The EBIT and EBITDA margins show a strong recovery in operational efficiency compared to previous years.65
Positive
Balance Sheet
The balance sheet shows a strong equity position with no debt as of 2024, which significantly reduces financial risk and improves stability. The equity ratio is robust, indicating a solid capital structure. Return on equity has decreased over the years, reflecting reduced profitability relative to equity.72
Positive
Cash Flow
Aperam's cash flow performance has been mixed, with a decline in free cash flow growth due to lower operating cash flow and increased capital expenditures in 2024. The company maintains a healthy operating cash flow to net income ratio, indicating efficient cash conversion. However, the free cash flow to net income ratio has declined, suggesting pressure on cash reserves.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.26B | 6.25B | 6.59B | 8.16B | 5.10B | 3.62B |
| Gross Profit | 4.74B | 449.00M | 330.00M | 1.18B | 1.23B | 368.00M |
| EBITDA | 350.00M | 354.00M | 293.00M | 1.08B | 1.20B | 391.00M |
| Net Income | 232.00M | 231.00M | 203.00M | 625.00M | 968.00M | 175.00M |
Balance Sheet | ||||||
| Total Assets | 5.50B | 5.84B | 6.21B | 6.26B | 5.91B | 3.97B |
| Cash, Cash Equivalents and Short-Term Investments | 185.00M | 216.00M | 443.00M | 457.00M | 524.00M | 358.00M |
| Total Debt | 0.00 | 0.00 | 934.00M | 925.00M | 990.00M | 425.00M |
| Total Liabilities | 2.16B | 2.47B | 2.76B | 2.87B | 2.96B | 1.76B |
| Stockholders Equity | 3.32B | 3.35B | 3.44B | 3.38B | 2.94B | 2.20B |
Cash Flow | ||||||
| Free Cash Flow | 105.00M | 125.00M | 170.00M | 346.00M | 398.00M | 194.00M |
| Operating Cash Flow | 236.00M | 280.00M | 471.00M | 642.00M | 550.00M | 303.00M |
| Investing Cash Flow | -544.00M | -155.00M | -303.00M | -297.00M | -183.00M | -108.00M |
| Financing Cash Flow | 296.00M | -336.00M | -152.00M | -419.00M | -197.00M | -185.00M |
Aperam SA Technical Analysis
Positive
33.11
Price Trends
30.43
Positive
30.69
Positive
28.84
Positive
Market Momentum
0.53
Negative
63.78
Neutral
79.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APEMY, the sentiment is Positive. The current price of 33.11 is above the 20-day moving average (MA) of 31.48, above the 50-day MA of 30.43, and above the 200-day MA of 28.84, indicating a bullish trend. The MACD of 0.53 indicates Negative momentum. The RSI at 63.78 is Neutral, neither overbought nor oversold. The STOCH value of 79.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for APEMY.
Aperam SA Peers Comparison
Overall Rating
UnderperformOutperform
Sector (43)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $5.95B | 10.75 | 5.86% | 2.77% | -9.33% | -51.03% | |
69 Neutral | $26.97B | 19.45 | 2.60% | 0.71% | -8.56% | 68.36% | |
64 Neutral | $2.36B | 9.42 | 7.01% | 5.31% | -2.85% | 355.28% | |
64 Neutral | $12.42B | 186.15 | 0.86% | 0.36% | -14.79% | -88.78% | |
61 Neutral | $6.29B | 73.52 | -2.75% | 11.24% | -10.20% | -152.18% | |
53 Neutral | $1.94B | ― | -16.28% | 12.17% | -9.84% | -14783.33% | |
43 Neutral | AU$1.40B | -6.18 | -40.62% | 4.19% | -4.78% | -42.91% |
* Basic Materials Sector Average
Performance Comparison
APEMY
Aperam SA
31.94
5.75
21.95%
MT
ArcelorMittal
33.05
10.18
44.51%
GGB
Gerdau SA
3.13
-0.04
-1.26%
SID
Companhia Siderúrgica Nacional
1.51
-0.77
-33.77%
TX
Ternium SA
32.03
-2.17
-6.35%
X
United States Steel
54.84
16.33
42.40%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.