(APAM) Aperam - Ratings and Ratios
Stainless Steel, Electrical Steel, Specialty Alloys, Metal Recycling
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.19% |
| Yield on Cost 5y | 7.54% |
| Yield CAGR 5y | 3.39% |
| Payout Consistency | 72.8% |
| Payout Ratio | 76.3% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 32.5% |
| Value at Risk 5%th | 45.6% |
| Relative Tail Risk | -14.56% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.17 |
| Alpha | 39.82 |
| CAGR/Max DD | 0.28 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.368 |
| Beta | 0.340 |
| Beta Downside | 0.876 |
| Drawdowns 3y | |
|---|---|
| Max DD | 32.33% |
| Mean DD | 17.72% |
| Median DD | 18.20% |
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) 5.5
| Net Income: -8.00m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 1.22 > 1.0 |
| NWC/Revenue: 16.45% < 20% (prev 19.59%; Δ -3.14% < -1%) |
| CFO/TA 0.08 > 3% & CFO 430.0m > Net Income -8.00m |
| Net Debt (443.0m) to EBITDA (345.0m): 1.28 < 3 |
| Current Ratio: 1.92 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (72.3m) vs prev -0.67% < -2% |
| Gross Margin: 6.25% > 18% (prev 0.77%; Δ 548.1% > 0.5%) |
| Asset Turnover: 120.5% > 50% (prev 127.3%; Δ -6.76% > 0%) |
| Interest Coverage Ratio: 2.13 > 6 (EBITDA TTM 345.0m / Interest Expense TTM 47.0m) |
Altman Z'' (< 1.1 .. > 2.6) 4.65
| A: 0.19 (Total Current Assets 2.13b - Total Current Liabilities 1.11b) / Total Assets 5.30b |
| B: 0.55 (Retained Earnings 2.91b / Total Assets 5.30b) |
| C: 0.02 (EBIT TTM 100.0m / Avg Total Assets 5.14b) |
| D: 1.39 (Book Value of Equity 2.91b / Total Liabilities 2.09b) |
| Total Rating: 4.65= AA |
ValueRay F-Score (Strict, 0-100) 47.82
| 1. Piotroski: 5.50pt |
| 2. FCF Yield: 10.80% |
| 3. FCF Margin: 4.54% |
| 4. Debt/Equity: 0.21 |
| 5. Debt/Ebitda: 1.28 |
| 6. ROIC - WACC: -4.57% |
| 7. RoE: -0.25% |
| 8. Revenue Trend: -50.29% |
| 9. EPS Trend: -61.96% |
What is the price of APAM shares?
Over the past week, the price has changed by -1.55%, over one month by +3.62%, over three months by +11.13% and over the past year by +45.39%.
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 | -11.9% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 41.2 | 16.1% |
APAM Fundamental Data Overview January 19, 2026
P/E Forward = 9.4162
P/S = 0.4151
P/B = 0.8048
P/EG = 0.85
Revenue TTM = 6.19b EUR
EBIT TTM = 100.0m EUR
EBITDA TTM = 345.0m EUR
Long Term Debt = 434.0m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 225.0m EUR (from shortLongTermDebt, last fiscal year)
Debt = 659.0m EUR (Calculated: Short Term 225.0m + Long Term 434.0m)
Net Debt = 443.0m EUR (from netDebt column, last fiscal year)
Enterprise Value = 2.60b EUR (2.26b + Debt 659.0m - CCE 320.0m)
Interest Coverage Ratio = 2.13 (Ebit TTM 100.0m / Interest Expense TTM 47.0m)
EV/FCF = 9.26x (Enterprise Value 2.60b / FCF TTM 281.0m)
FCF Yield = 10.80% (FCF TTM 281.0m / Enterprise Value 2.60b)
FCF Margin = 4.54% (FCF TTM 281.0m / Revenue TTM 6.19b)
Net Margin = -0.13% (Net Income TTM -8.00m / Revenue TTM 6.19b)
Gross Margin = 6.25% ((Revenue TTM 6.19b - Cost of Revenue TTM 5.81b) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 100.0%)
Tobins Q-Ratio = 0.49 (Enterprise Value 2.60b / Total Assets 5.30b)
Interest Expense / Debt = 7.13% (Interest Expense 47.0m / Debt 659.0m)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 75.0m (EBIT 100.0m * (1 - 25.00%))
Current Ratio = 1.92 (Total Current Assets 2.13b / Total Current Liabilities 1.11b)
Debt / Equity = 0.21 (Debt 659.0m / totalStockholderEquity, last quarter 3.19b)
Debt / EBITDA = 1.28 (Net Debt 443.0m / EBITDA 345.0m)
Debt / FCF = 1.58 (Net Debt 443.0m / FCF TTM 281.0m)
Total Stockholder Equity = 3.26b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.16% (Net Income -8.00m / Total Assets 5.30b)
RoE = -0.25% (Net Income TTM -8.00m / Total Stockholder Equity 3.26b)
RoCE = 2.70% (EBIT 100.0m / Capital Employed (Equity 3.26b + L.T.Debt 434.0m))
RoIC = 2.19% (NOPAT 75.0m / Invested Capital 3.43b)
WACC = 6.76% (E(2.26b)/V(2.92b) * Re(7.17%) + D(659.0m)/V(2.92b) * Rd(7.13%) * (1-Tc(0.25)))
Discount Rate = 7.17% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -3.31%
[DCF Debug] Terminal Value 80.14% ; FCFF base≈249.8m ; Y1≈204.9m ; Y5≈146.1m
Fair Price DCF = 42.35 (EV 3.50b - Net Debt 443.0m = Equity 3.06b / Shares 72.3m; r=6.76% [WACC]; 5y FCF grow -21.59% → 2.90% )
EPS Correlation: -61.96 | EPS CAGR: -50.04% | SUE: -0.68 | # QB: 0
Revenue Correlation: -50.29 | Revenue CAGR: 0.27% | SUE: -1.14 | # 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%