APAM Stock Analysis: Aperam | AS
Steel | AS, Netherlands | Market Cap: 3.292m EUR | 12M Return: 83.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.91M
Rev. Trend: -91.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Aperam S.A. is a Luxembourg-based producer and global supplier of stainless steel and specialty alloy products, operating through four segments: Stainless & Electrical Steel, Services & Solutions, Alloys & Specialties, and Recycling & Renewables. Beyond flat and electrical stainless steel, the company manufactures specialty carbon products, specialty alloys, tubes, and customized value-added steel solutions, while also collecting, trading, and recycling stainless steel scrap and high-performance alloys. Its end markets span aerospace, automotive, construction, medical, and oil and gas, with products distributed through steel service centers, transformation facilities, and sales offices.
The stainless steel sector is closely tied to industrial activity and is particularly exposed to demand from automotive, construction, and capital goods cycles, while recycling plays a strategic role given that stainless steel is one of the most recycled materials in the metals industry, retaining its properties through repeated reuse. Aperam was incorporated in 2010 and is headquartered in Luxembourg.
- Nickel price swings directly impact stainless steel margins
- European energy costs pressure overall production profitability
- EU CBAM regulation strengthens domestic stainless steel pricing power
| Net Income: 30.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 5.56 > 1.0 |
| NWC/Revenue: 22.99% < 20% (prev 15.33%; Δ 7.67% < -1%) |
| CFO/TA 0.10 > 3% & CFO 516.0m > Net Income 30.0m |
| Net Debt (1.18b) to EBITDA (315.0m): 3.74 < 3 |
| Current Ratio: 3.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (73.1m) vs 12m ago 0.36% < -2% |
| Gross Margin: 4.30% > 18% (prev 6.54%; Δ -2.24% > 0.5%) |
| Asset Turnover: 111.4% > 50% (prev 113.7%; Δ -2.28% > 0%) |
| Interest Coverage Ratio: 0.74 > 6 (EBIT TTM 61.0m / Interest Expense TTM 82.0m) |
| A: 0.26 (Total Current Assets 2.02b - Total Current Liabilities 636.0m) / Total Assets 5.26b |
| B: 0.53 (Retained Earnings 2.78b / Total Assets 5.26b) |
| C: 0.01 (EBIT TTM 61.0m / Avg Total Assets 5.38b) |
| D: 1.61 (Book Value of Equity 3.24b / Total Liabilities 2.01b) |
| Altman-Z'' = 5.21 = AAA |
As of July 07, 2026, the stock is trading at EUR 45.84 with a total of 116,103 shares traded. Over the past week, the price has changed by +9.72%, over one month by -10.99%, over three months by +33.02% and over the past year by +83.19%.
Current recommended Stop Loss: 43.80 (which is 4.5% or 1.2 ATR below the current price).
Aperam has no consensus analysts rating.
P/E Trailing = 110.9756
P/E Forward = 16.5289
P/S = 0.5489
P/B = 1.0165
P/EG = 0.7398
Revenue TTM = 6.00b EUR
EBIT TTM = 61.0m EUR
EBITDA TTM = 315.0m EUR
Long Term Debt = 973.0m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 188.0m EUR (from shortTermDebt, last quarter)
Debt = 1.42b EUR (from shortLongTermDebtTotal, last quarter) + Leases 121.0m
Net Debt = 1.18b EUR (calculated: Debt 1.42b - CCE 237.0m)
Enterprise Value = 4.47b EUR (3.29b + Debt 1.42b - CCE 237.0m)
Interest Coverage Ratio = 0.74 (Ebit TTM 61.0m / Interest Expense TTM 82.0m)
EV/FCF = 11.37x (Enterprise Value 4.47b / FCF TTM 393.0m)
FCF Yield = 8.79% (FCF TTM 393.0m / Enterprise Value 4.47b)
FCF Margin = 6.55% (FCF TTM 393.0m / Revenue TTM 6.00b)
Net Margin = 0.50% (Net Income TTM 30.0m / Revenue TTM 6.00b)
Gross Margin = 4.30% ((Revenue TTM 6.00b - Cost of Revenue TTM 5.74b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.85 (Enterprise Value 4.47b / Total Assets 5.26b)
Interest Expense / Debt = 5.80% (Interest Expense 82.0m / Debt 1.42b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 45.8m (EBIT 61.0m * (1 - 25.00%))
Current Ratio = 3.17 (Total Current Assets 2.02b / Total Current Liabilities 636.0m)
Debt / Equity = 0.44 (Debt 1.42b / totalStockholderEquity, last quarter 3.24b)
Debt / EBITDA = 3.74 (Net Debt 1.18b / EBITDA 315.0m)
Debt / FCF = 3.00 (Net Debt 1.18b / FCF TTM 393.0m)
Total Stockholder Equity = 3.20b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.56% (Net Income 30.0m / Total Assets 5.26b)
RoE = 0.94% (Net Income TTM 30.0m / Total Stockholder Equity 3.20b)
RoCE = 1.46% (EBIT 61.0m / Capital Employed (Equity 3.20b + L.T.Debt 973.0m))
RoIC = 1.00% (NOPAT 45.8m / Invested Capital 4.58b)
WACC = 7.73% (E(3.29b)/V(4.71b) * Re(9.18%) + D(1.42b)/V(4.71b) * Rd(5.80%) * (1-Tc(0.25)))
Discount Rate = 9.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 59.81 | Cagr: 0.19%
[DCF] Terminal Value 77.97% ; FCFF base≈277.8m ; Y1≈318.5m ; Y5≈468.7m
[DCF] Fair Price = 81.21 (EV 7.05b - Net Debt 1.18b = Equity 5.87b / Shares 72.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -91.47 | Revenue CAGR: -4.22% | SUE: 0.51 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=2.15 | Chg30d=+4.73% | Revisions=+62% | GrowthEPS=+114.9% | GrowthRev=+12.6%
EPS next Year (2027-12-31): EPS=4.33 | Chg30d=+5.56% | Revisions=+40% | GrowthEPS=+101.5% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: +70% (up=7, down=0)