Aperam SA (7AAN) AI Stock Analysis

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Aperam SA

(Frankfurt:7AAN)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Revenue reboundThe sharp TTM revenue rebound indicates renewed demand and improved commercial activity across Aperam’s steel businesses. If sustained, stronger volumes can improve operating leverage, support customer retention, and provide a broader base for rebuilding earnings over the next several quarters.

Negative Factors

Thin profitabilityVery thin net and operating margins leave limited room for input-cost, pricing, or volume pressures before earnings are materially affected. The low margin base also constrains reinvestment capacity and makes durable profitability dependent on favorable product mix and cost discipline.

Aperam SA (7AAN) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 2.83B
Dividend Yield: 5.70%
Average Volume (3M): 67
Price to Earnings (P/E): 19.4
Beta (1Y): 1.09
Revenue Growth: -3.89%
EPS Growth: -33.94%
Country: Germany
Employees: 13,000
Sector: Basic Materials
Sector Strength: 61
Industry: Steel

Aperam SA Business Overview & Revenue Model

Company Description

Aperam S.A., along with its affiliated companies, operates globally as a manufacturer and vendor of stainless and specialized steel products. Its business activities are organized into three primary divisions: Stainless & Electrical Steel, Services &...

Aperam SA Earnings Call Summary

Earnings Call Date:Feb 05, 2026(Q4-2025)|% Change Since:1.08%|Next Earnings Date:Nov 05, 2026

Earnings Call SentimentPositive

The call presents a mix of constructive company-specific progress and near-term market headwinds. Highlights include clear CapEx and investment plans (EUR 200m CapEx in 2026 and EUR 160m site upgrades over 3 years), an articulated Leadership Journey expected to add ~EUR 150m EBITDA (including Universal synergies), a stronger Q1/Q2 EBITDA run-rate (EUR 100m quarterly in H1), improved Brazil performance (EUR ~75m EBITDA) and flexible spare EAF capacity with a 7%–10% potential utilization uplift. Lowlights are primarily market-driven: a Q4 import surge created an H1 inventory overhang, CBAM/trade defense timing and importer behaviors remain uncertain (despite a planned 1 July start), a ~EUR 300/tonne margin gap versus historic averages, and limited forward visibility due to short order books (2.5 months). On balance, company fundamentals, clear targets, capacity to ramp and diversification into alloys/specialties give meaningful upside potential, while the lowlights represent industry and timing risks that management is actively addressing.

Positive Updates

Capacity Utilization and Upside Potential

Current European capacity utilization at Aperam is between 65% and 75%. Management expects a 7%–10% utilization lift from replacement of imports under trade defense measures, and notes flexible electric-arc-furnace (EAF) capacity that can be ramped quickly to capture this upside.

Negative Updates

Import Surge and Inventory Overhang

Significant surge of imports at the end of Q4 created an inventory overhang that is expected to depress demand/put pressure on the market into H1 2026 as distributors draw down stocks.

Company Guidance

Management guidance: Q1 EBITDA is expected to be higher than Q4 with a ~EUR100m quarterly run‑rate across H1 2026 (slow start in Q1, ramp in Q2); normalized FY guidance is EUR700–800m (versus a prior ~EUR800m target), built from a 2025 baseline of EUR350m plus ~EUR150m from the Leadership Journey and ~EUR50m of announced investments (full effect by 2029), with the remaining EUR50–75m dependent on trade‑defense/CBAM recovery; CapEx is c. EUR200m in 2026 (including EUR160m of site upgrades over 3 years; continuity CapEx ~EUR150m); current capacity utilization is ~65–75% with safeguard measures expected to lift utilization 7–10%; Brazil delivered ~EUR75m EBITDA in 2025 (low cycle) and higher Brazilian duties (c.12.6%→25%) are expected to add mid‑single‑digit EUR EBITDA per quarter; A&S target ~EUR100m (+ ~EUR60m from Universal and ~EUR9m synergies) and R&R guidance remains around EUR80–85m; order books run ~2.5 months, Q4 import surge may create an H1 overhang, EU trade measures aim to start 1 July 2026, CBAM payments are retroactive to 2027, and nickel exposure is limited with fuel‑alloys positions fully hedged.

Aperam SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

DE:7AAN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MT	73Outperform	$44.68B	25.04	3.31%	1.21%	3.25%	-27.63%
CRS	68Neutral	$14.02B	24.83	26.93%	0.28%	10.21%	38.28%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MTUS	56Neutral	$875.41M	111.16	1.17%	―	16.12%	―
PKX	56Neutral	$15.16B	15.35	2.39%	3.11%	-3.30%	164.60%
WS	48Neutral	$2.08B	-70.10	-2.72%	1.57%	69.13%	-132.01%

* Basic Materials Sector Average

Performance Comparison

DE:7AAN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:7AAN	Aperam	35.20	6.22	21.48%
MT	ArcelorMittal	59.81	22.08	58.51%
CRS	Carpenter Technology Corp	283.08	-27.03	-8.72%
PKX	Posco	49.67	-5.12	-9.34%
MTUS	Metallus Inc.	21.12	3.35	18.85%
WS	Worthington Steel, Inc.	40.66	9.45	30.26%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.

Aperam SA AI Stock Analysis