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Eramet SA
(ERA)
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Rating:41Neutral
Price Target:
€44.00
▲(6.64% Upside)
Action:Reiterated
Date:07/26/26
The score is primarily pressured by weak financial performance (loss-making results, higher balance-sheet risk, and sustained negative operating/free cash flow). Technicals add further downside weight due to a clear downtrend despite oversold readings. Valuation is only modestly supportive via the dividend yield, while the negative P/E reflects the current earnings losses.
Positive Factors
Diversified mineral portfolio
Eramet’s exposure to manganese, nickel and mineral sands spreads its business across several commodities and industrial end-markets. This diversification can reduce reliance on any single product cycle and preserves multiple avenues for demand, although earnings remain commodity-sensitive.
Negative Factors
Sharp profitability deterioration
The shift from healthy profits to a sizable 2025 net loss shows that Eramet’s gross-margin strength is not translating into durable operating or bottom-line earnings. Continued losses reduce internal reinvestment capacity and make results more vulnerable to further commodity or cost pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified mineral portfolio
Eramet’s exposure to manganese, nickel and mineral sands spreads its business across several commodities and industrial end-markets. This diversification can reduce reliance on any single product cycle and preserves multiple avenues for demand, although earnings remain commodity-sensitive.
Read all positive factors
Eramet SA (ERA) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.27B
Dividend Yield3.03%
Average Volume (3M)22.96K
Price to Earnings (P/E)―
Beta (1Y)1.25
Revenue Growth0.31%
EPS Growth-436.81%
CountryFR
Employees8,561
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-18.16
Shares Outstanding28,755,047
10 Day Avg. Volume25,889
30 Day Avg. Volume22,959
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.30
Price to Sales (P/S)0.60
P/FCF Ratio-2.10
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
EPS Forecast (FY)-6.59
Revenue Forecast (FY)€3.17B
Eramet SA Business Overview & Revenue Model
Company Description
Eramet S.A. operates as a global mining and metallurgical enterprise, specializing in the extraction and processing of manganese ore, nickel ore, and mineral sands. The company's diverse product portfolio includes various nickel derivatives such a...
How the Company Makes Money
Eramet makes money primarily by selling mined and processed metals and minerals to industrial customers, with revenue tied to volumes produced and commodity-linked pricing. Key revenue streams include: (1) Manganese: sales of manganese ore and val...
Eramet SA Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
34
Negative
Cash Flow
26
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.92B | 2.75B | 2.93B | 3.34B | 5.01B | 3.71B |
| Gross Profit | -1.06B | -154.00M | 1.71B | 2.00B | 1.23B | 762.00M |
| EBITDA | 288.00M | 138.00M | 231.00M | 209.00M | 1.32B | 1.15B |
| Net Income | -520.00M | -477.00M | 14.00M | 109.00M | 740.00M | 298.00M |
Balance Sheet | ||||||
| Total Assets | 6.48B | 5.88B | 6.46B | 6.28B | 7.28B | 6.35B |
| Cash, Cash Equivalents and Short-Term Investments | 1.25B | 591.00M | 913.00M | 1.61B | 1.66B | 1.18B |
| Total Debt | 3.12B | 2.52B | 2.22B | 2.23B | 2.00B | 2.11B |
| Total Liabilities | 5.03B | 4.39B | 4.48B | 4.28B | 5.04B | 4.91B |
| Stockholders Equity | 441.00M | 718.00M | 1.44B | 1.60B | 1.78B | 1.01B |
Cash Flow | ||||||
| Free Cash Flow | -407.00M | -785.00M | -812.00M | -423.00M | 428.00M | 461.00M |
| Operating Cash Flow | -61.00M | -313.00M | -125.00M | 172.00M | 1.02B | 773.00M |
| Investing Cash Flow | -158.00M | -170.00M | -306.00M | -557.00M | -538.00M | -421.00M |
| Financing Cash Flow | 848.00M | 437.00M | -12.00M | 269.00M | -60.00M | -1.03B |
Eramet SA Technical Analysis
Negative
41.26
Price Trends
44.95
Negative
47.27
Negative
53.54
Negative
Market Momentum
-0.27
Negative
46.19
Neutral
47.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ERA, the sentiment is Negative. The current price of 41.26 is below the 20-day moving average (MA) of 44.50, below the 50-day MA of 44.95, and below the 200-day MA of 53.54, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 46.19 is Neutral, neither overbought nor oversold. The STOCH value of 47.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ERA.
Eramet SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | €420.81M | 11.48 | 5.82% | 0.99% | -1.52% | 199.67% | |
59 Neutral | €1.02B | 64.00 | 1.96% | 2.16% | -3.46% | -68.33% | |
57 Neutral | €1.32B | 9.94 | 11.53% | 1.57% | -2.88% | 24.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €1.92B | -4.44 | -16.34% | 3.32% | -2.20% | -158.54% | |
41 Neutral | €1.27B | -2.43 | -89.73% | 3.03% | 0.31% | -436.81% |
* General Sector Average
FR:ERA
Eramet SA
44.12
-12.43
-21.98%
FR:DBG
Derichebourg
8.25
2.74
49.59%
FR:NK
IMERYS SA
22.60
1.17
5.47%
FR:JCQ
JACQUET METAL SERVICE
20.20
0.59
3.00%
FR:MRN
MERSEN
41.60
16.41
65.11%
Eramet SA Corporate Events
Eramet Restarts PT Weda Bay Nickel Mining Operations After Four-Month Shutdown
Sep 10, 2026
Eramet said that mining operations at PT Weda Bay Nickel in Indonesia have restarted after a four-month shutdown under Care Maintenance, following authorization from local authorities. The ramp-up will be gradual, with safety emphasized as the co...
Eramet Updates Share Capital and Voting Rights Structure as of 31 August 2026
Sep 4, 2026
Eramet SA has reported updated figures for its share capital and voting rights as of 31 August 2026, confirming a total of 28,755,047 shares outstanding. The company records 49,490,398 theoretical voting rights and 49,393,578 exercisable voting ri...
Eramet details stable liquidity contract activity for first half of 2026
Aug 28, 2026
Eramet reported the mid‑2026 status of its share liquidity contract managed by BNP Paribas, disclosing that as of 30 June 2026 the account held 74,561 Eramet shares and €3.87 million in cash. Trading under the facility in the first hal...
Eramet Updates Share Capital and Voting Rights Structure as of July 31, 2026
Aug 7, 2026
Eramet SA reported that its share capital comprises 28,755,047 shares as of July 31, 2026, reflecting the current equity structure of the group. The company also disclosed 49,491,040 theoretical voting rights and 49,395,252 exercisable voting righ...
Eramet’s EBITDA Rebounds as Funding Plan and ESG Push Take Center Stage
Jul 29, 2026
Eramet reported a strong rebound in adjusted EBITDA to €276 million in the first half of 2026 and a return to breakeven adjusted free cash flow, driven by higher lithium and manganese volumes and cost savings under its ReSolution programme. ...
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.