Aperam SA (APEMY) AI Stock Analysis

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Aperam SA

(OTC:APEMY)

71Outperform

Aperam SA presents a balanced investment case with a strong technical analysis indicating upward price momentum, reasonable valuation, and robust financial stability due to its debt-free position. The main risks are related to cash flow pressures and potential overbought conditions in the stock, which could affect short-term performance.

Aperam SA (APEMY) vs. S&P 500 (SPY)

Market Cap

$2.04B

Dividend Yield6.38%

Average Volume (3M)31.00

Price to Earnings (P/E)8.3

Beta (1Y)1.17

Revenue Growth-5.02%

EPS Growth15.64%

CountryUS

Employees12,007

SectorBasic Materials

Sector Strength58

IndustrySteel

Share Statistics

EPS (TTM)0.19

Shares Outstanding78,036,690

10 Day Avg. Volume94

30 Day Avg. Volume31

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)0.29

Price to Cash Flow (P/CF)N/A

P/FCF Ratio0.00

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 SA is a global player in the production of stainless, electrical, and specialty steel. With operations across Europe, South America, and Asia, the company serves a diverse range of industries including automotive, aerospace, and construction. Aperam's core products include stainless steel coils, sheets, and plates, which are essential for various industrial applications.

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 Financial Statement Overview

Summary

Aperam SA exhibits moderate financial health with strengths in cost management and capital structure, particularly a debt-free balance sheet. However, challenges in revenue growth and cash flow management, along with modest profitability ratios, indicate areas needing improvement.

Income Statement

Positive

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.

Balance Sheet

Positive

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.

Cash Flow

Neutral

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.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
6.25B	6.59B	8.16B	5.10B	3.62B
	Gross Profit
6.25B	330.00M	1.18B	1.23B	368.00M
	EBIT
129.00M	89.00M	890.00M	1.04B	199.00M
	EBITDA
358.00M	293.00M	1.08B	1.20B	391.00M
	Net Income Common Stockholders
231.00M	203.00M	625.00M	968.00M	175.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
216.00M	443.00M	457.00M	524.00M	358.00M
	Total Assets
4.84B	6.21B	6.26B	5.91B	3.97B
	Total Debt
0.00	934.00M	925.00M	990.00M	425.00M
	Net Debt
-216.00M	491.00M	468.00M	466.00M	67.00M
	Total Liabilities
1.47B	2.76B	2.87B	2.96B	1.76B
	Stockholders Equity
3.35B	3.44B	3.38B	2.94B	2.20B
Cash Flow		Free Cash Flow
125.00M	170.00M	346.00M	398.00M	194.00M
	Operating Cash Flow
280.00M	471.00M	642.00M	550.00M	303.00M
	Investing Cash Flow
-155.00M	-303.00M	-297.00M	-183.00M	-108.00M
	Financing Cash Flow
-336.00M	-152.00M	-419.00M	-197.00M	-185.00M

Aperam SA Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price29.50

Price Trends

50DMA

31.30

Negative

100DMA

29.22

Positive

200DMA

28.05

Positive

Market Momentum

MACD

-1.05

Positive

RSI

44.53

Neutral

STOCH

53.24

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APEMY, the sentiment is Neutral. The current price of 29.5 is below the 20-day moving average (MA) of 31.19, below the 50-day MA of 31.30, and above the 200-day MA of 28.05, indicating a neutral trend. The MACD of -1.05 indicates Positive momentum. The RSI at 44.53 is Neutral, neither overbought nor oversold. The STOCH value of 53.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for APEMY.

Aperam SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (47)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GGB	74 Outperform	$5.17B	6.29	8.98%	5.42%	-9.51%	-45.87%
MT	73 Outperform	$22.06B	15.73	2.60%	1.58%	-8.56%	68.36%
APEMY	71 Outperform	$2.04B	8.26	6.94%	6.38%	-5.02%	15.64%
TX	62 Neutral	$5.21B	73.52	-0.44%	11.44%	0.81%	-108.00%
SID	60 Neutral	$1.94B	―	-17.19%	13.60%	-10.94%	-756.50%
X	57 Neutral	$9.26B	26.17	3.43%	0.50%	-13.48%	-56.94%
Sector *	47 Neutral	$2.53B	-3.19	-22.23%	3.49%	4.01%	-27.90%

* Basic Materials Sector Average

Performance Comparison

APEMY

Aperam SA

28.57

1.52

5.62%

ArcelorMittal

26.91

2.14

8.64%

GGB

Gerdau SA

2.50

-0.92

-26.90%

SID

Companhia Siderúrgica Nacional

1.48

-0.97

-39.59%

Ternium SA

26.83

-12.28

-31.40%

United States Steel

41.39

1.29

3.22%

Aperam SA Earnings Call Summary

Earnings Call Date: Nov 7, 2025 | % Change Since: 1.94% | Next Earnings Date: Feb 6, 2026

Earnings Call Sentiment Positive

The earnings call reflects a cautiously optimistic outlook. Highlights include strategic acquisitions, improved production capabilities, and a focus on high-value products. However, challenges remain with low market activity, pricing pressures, and import competition. The sentiment leans towards positive due to effective self-help measures and strategic positioning.

Highlights

Improved Footprint and Product Mix

Significant investments in Brazil and Europe have resulted in a stronger footprint and better product mix, positively impacting performance in Latin America.

Universal Stainless Acquisition

Aperam announced the acquisition of Universal Stainless in the United States, which is expected to enhance their position and bring synergies without requiring high investments.

Brazil Back to Full Run Rate

Brazil, after facing one-offs in the earlier quarters, is now back to its full run rate with a strong market share.

Leadership Journey and Booster Program

The Leadership Journey and Booster Program have contributed significantly to EBITDA, with a focus on self-help measures showing positive results.

Focus on Differentiated Products

Investments in high-grade and special application products have led to improved profitability and market positioning.

Lowlights

Low Market Activity

The market continues to experience low levels of activity, which impacts overall performance, particularly in the commodities segment.

Pricing Headwinds

Pricing remains a headwind, especially in the commodities segment, with international prices staying low.

Import Pressures

Increased imports, particularly from Taiwan, pose challenges, although measures like antidumping are in place to mitigate this risk.

Economic Uncertainty

There is ongoing complexity and uncertainty in the external economic environment, impacting future outlooks.

Company Guidance

During the APAM.AS Q3 2024 earnings call, the company provided guidance for the upcoming quarter, indicating a stable outlook despite challenging market conditions. Timoteo Di Maulo, the CEO, highlighted the strengthening of Aperam's footprint in Latin America and improved product mix, noting that recent investments are beginning to yield positive results. The company reported achieving EUR 250 per ton EBITDA globally in the stainless segment, with significant contributions from Europe and Brazil. They addressed the impact of one-offs, particularly in Brazil, which had affected earlier quarters but have now leveled out, suggesting that H2 figures could be considered without these anomalies. The anticipated acquisition of Universal Stainless in the U.S. was also emphasized as a strategic move to enhance Aperam's capabilities, though detailed plans would be discussed post-closing. The guidance for Q4 involves maintaining strong EBITDA performance, aiming for higher EBITDA and reduced working capital, while managing market uncertainties and imports pressures.

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.