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Aperam SA (APEMY)
OTHER OTC:APEMY
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Aperam SA
(OTC:APEMY)
71Outperform
Aperam SA (APEMY) vs. S&P 500 (SPY)
Market Cap
$2.37B
Dividend Yield5.48%
Average Volume (3M)323.00
Price to Earnings (P/E)9.7
Beta (1Y)1.12
Revenue Growth-5.02%
EPS Growth15.64%
CountryUS
Employees11,500
SectorBasic Materials
Sector Strength61
IndustrySteel
Share Statistics
EPS (TTM)3.49
Shares Outstanding78,036,690
10 Day Avg. Volume0
30 Day Avg. Volume323
Financial Highlights & Ratios
PEG Ratio0.62
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 stainless, electrical, and specialty steel industry. The company operates in various sectors, providing high-end products for a wide range of applications, including automotive, construction, household appliances, and industrial machinery. Aperam's core product offerings include stainless steel, electrical steel, and nickel alloys, catering to diverse customer needs across the globe.
How the Company Makes MoneyAperam SA generates revenue primarily through the production and sale of stainless, electrical, and specialty steels. The company operates in three main segments: Stainless & Electrical Steel, Services & Solutions, and Alloys & Specialties. The Stainless & Electrical Steel segment is Aperam's largest revenue generator, focusing on the production and distribution of high-quality steel products. The Services & Solutions segment enhances value by providing processing, distribution, and customized solutions to meet specific customer requirements. The Alloys & Specialties segment focuses on the production of nickel alloys and other high-performance materials for demanding applications. Aperam benefits from strategic partnerships and a strong supply chain network, which supports its production and distribution capabilities, while its commitment to innovation and sustainable practices contributes to long-term profitability.
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
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 | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| 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
Positive
33.35
Price Trends
30.01
Positive
28.75
Positive
27.66
Positive
Market Momentum
1.25
Positive
54.43
Neutral
1.92
Positive
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 33.35 is above the 20-day moving average (MA) of 33.28, above the 50-day MA of 30.01, and above the 200-day MA of 27.66, indicating a bullish trend. The MACD of 1.25 indicates Positive momentum. The RSI at 54.43 is Neutral, neither overbought nor oversold. The STOCH value of 1.92 is Positive, 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 (47)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $14.70B | 17.68 | 11.71% | 1.58% | -6.56% | -31.89% | |
74 Outperform | $18.42B | 12.46 | 17.27% | 1.50% | -6.68% | -32.96% | |
73 Outperform | $26.18B | 18.59 | 2.60% | 1.34% | -8.56% | 68.36% | |
71 Outperform | $2.37B | 9.66 | 6.94% | 5.48% | -5.02% | 15.64% | |
71 Outperform | $29.37B | 14.42 | 9.79% | 1.78% | -11.46% | -53.33% | |
49 Neutral | $9.21B | 26.17 | 3.43% | 0.49% | -13.48% | -56.94% | |
47 Neutral | $2.66B | -3.61 | -22.67% | 3.28% | 3.74% | -27.14% |
* Basic Materials Sector Average
Performance Comparison
APEMY
Aperam SA
33.35
3.92
13.32%
MT
ArcelorMittal
31.55
4.98
18.74%
NUE
Nucor
127.40
-63.84
-33.38%
RS
Reliance Steel
293.22
-33.14
-10.15%
STLD
Steel Dynamics
128.00
-14.73
-10.32%
X
United States Steel
43.00
2.52
6.23%
Aperam SA Earnings Call Summary
Earnings Call Date: Feb 7, 2025 | % Change Since: 15.24% | Next Earnings Date: May 5, 2025
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.