(APAM) Aperam - Overview
Stock: Stainless Steel, Electrical Steel, Specialty Alloys, Metal Recycling
| Risk 5d forecast | |
|---|---|
| Volatility | 33.3% |
| Relative Tail Risk | -14.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.25 |
| Alpha | 53.66 |
| Character TTM | |
|---|---|
| Beta | 0.390 |
| Beta Downside | 0.932 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.69% |
| CAGR/Max DD | 0.66 |
EPS (Earnings per Share)
Revenue
Description: APAM Aperam January 14, 2026
Aperam S.A. (AS:APAM) is a Luxembourg-based producer of stainless steel and specialty alloys, operating through four segments: Stainless & Electrical Steel, Services & Solutions, Alloys & Specialties, and Recycling & Renewables.
The firm manufactures a broad product slate-including grain-oriented and non-grain-oriented electrical steel, bars, wire rods, cold-rolled strips, and plates-serving aerospace, automotive, construction, medical, and oil-and-gas customers via a global network of service centers and transformation facilities.
Beyond primary production, Aperam runs the Recyco electric-arc furnace to recycle dust, sludge, and metal scrap into stainless-steel feedstock, and it harvests wood and charcoal from its eucalyptus plantations, aligning operations with ESG and cost-efficiency goals.
Key industry metrics that affect Aperam include: (1) 2023 EBITDA margin of roughly 7 % on €3.8 bn revenue, (2) annual stainless-steel capacity of ~1.8 Mt with utilization hovering around 80 % amid tightening European supply, and (3) nickel price volatility, which can swing raw-material costs by ±15 % given nickel’s ~30 % share of input expenses.
Given the modest growth outlook for stainless steel (≈3 % CAGR globally) and rising demand for high-performance alloys in clean-energy applications, Aperam’s exposure to renewable-energy-related metal demand could be a material upside driver.
For a deeper dive into Aperam’s valuation metrics, you might find ValueRay’s analyst toolkit useful.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 9.00m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 3.21 > 1.0 |
| NWC/Revenue: 21.76% < 20% (prev 19.33%; Δ 2.43% < -1%) |
| CFO/TA 0.08 > 3% & CFO 422.0m > Net Income 9.00m |
| Net Debt (978.0m) to EBITDA (275.0m): 3.56 < 3 |
| Current Ratio: 3.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (73.1m) vs 12m ago 1.11% < -2% |
| Gross Margin: 77.66% > 18% (prev 0.07%; Δ 7760 % > 0.5%) |
| Asset Turnover: 110.4% > 50% (prev 107.1%; Δ 3.29% > 0%) |
| Interest Coverage Ratio: 0.18 > 6 (EBITDA TTM 275.0m / Interest Expense TTM 90.0m) |
Altman Z''
| A: 0.26 (Total Current Assets 1.94b - Total Current Liabilities 615.0m) / Total Assets 5.17b |
| B: error (Retained Earnings missing) |
| C: 0.00 (EBIT TTM 16.0m / Avg Total Assets 5.51b) |
| D: 1.63 (Book Value of Equity 3.19b / Total Liabilities 1.97b) |
Beneish M
| DSRI: none (Receivables none/342.0m, Revenue 6.08b/6.25b) |
| GMI: 0.08 (GM 77.66% / 6.52%) |
| AQI: 1.25 (AQ_t 0.20 / AQ_t-1 0.16) |
| SGI: 0.97 (Revenue 6.08b / 6.25b) |
| TATA: -0.08 (NI 9.00m - CFO 422.0m) / TA 5.17b) |
| Beneish M-Score: cannot calculate (missing components) |
What is the price of APAM shares?
Over the past week, the price has changed by +4.55%, over one month by +25.34%, over three months by +38.21% and over the past year by +59.10%.
Is APAM a buy, sell or hold?
What are the forecasts/targets for the APAM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 31.3 | -28.3% |
| Analysts Target Price | - | - |
APAM Fundamental Data Overview February 21, 2026
P/E Forward = 11.2233
P/S = 0.5186
P/B = 0.9453
P/EG = 0.85
Revenue TTM = 6.08b EUR
EBIT TTM = 16.0m EUR
EBITDA TTM = 275.0m EUR
Long Term Debt = 1.07b EUR (estimated: total debt 1.30b - short term 233.0m)
Short Term Debt = 233.0m EUR (from shortTermDebt, last quarter)
Debt = 1.30b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 978.0m EUR (from netDebt column, last quarter)
Enterprise Value = 3.24b EUR (2.26b + Debt 1.30b - CCE 325.0m)
Interest Coverage Ratio = 0.18 (Ebit TTM 16.0m / Interest Expense TTM 90.0m)
EV/FCF = 11.78x (Enterprise Value 3.24b / FCF TTM 275.0m)
FCF Yield = 8.49% (FCF TTM 275.0m / Enterprise Value 3.24b)
FCF Margin = 4.52% (FCF TTM 275.0m / Revenue TTM 6.08b)
Net Margin = 0.15% (Net Income TTM 9.00m / Revenue TTM 6.08b)
Gross Margin = 77.66% ((Revenue TTM 6.08b - Cost of Revenue TTM 1.36b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.63 (Enterprise Value 3.24b / Total Assets 5.17b)
Interest Expense / Debt = 1.84% (Interest Expense 24.0m / Debt 1.30b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 12.0m (EBIT 16.0m * (1 - 25.00%))
Current Ratio = 3.15 (Total Current Assets 1.94b / Total Current Liabilities 615.0m)
Debt / Equity = 0.41 (Debt 1.30b / totalStockholderEquity, last quarter 3.19b)
Debt / EBITDA = 3.56 (Net Debt 978.0m / EBITDA 275.0m)
Debt / FCF = 3.56 (Net Debt 978.0m / FCF TTM 275.0m)
Total Stockholder Equity = 3.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.16% (Net Income 9.00m / Total Assets 5.17b)
RoE = 0.28% (Net Income TTM 9.00m / Total Stockholder Equity 3.22b)
RoCE = 0.37% (EBIT 16.0m / Capital Employed (Equity 3.22b + L.T.Debt 1.07b))
RoIC = 0.37% (NOPAT 12.0m / Invested Capital 3.22b)
WACC = 5.17% (E(2.26b)/V(3.57b) * Re(7.35%) + D(1.30b)/V(3.57b) * Rd(1.84%) * (1-Tc(0.25)))
Discount Rate = 7.35% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.22%
[DCF Debug] Terminal Value 85.58% ; FCFF base≈214.2m ; Y1≈199.3m ; Y5≈182.6m
Fair Price DCF = 62.48 (EV 5.49b - Net Debt 978.0m = Equity 4.52b / Shares 72.3m; r=5.90% [WACC]; 5y FCF grow -8.83% → 2.90% )
EPS Correlation: -50.60 | EPS CAGR: -40.67% | SUE: -0.50 | # QB: 0
Revenue Correlation: -77.10 | Revenue CAGR: -12.75% | SUE: -0.33 | # QB: 0
EPS next Year (2026-12-31): EPS=2.42 | Chg30d=-0.568 | Revisions Net=-2 | Growth EPS=+1627.7% | Growth Revenue=+11.8%