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Aperam S.A.ENXTAM:APAM Stock Report

Market Cap €2.3b
Share Price
€31.42
My Fair Value
n/a
1Y11.3%
7D2.5%
Portfolio Value
​
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Aperam S.A.

ENXTAM:APAM Stock Report

Market Cap: €2.3b

Aperam (APAM) Stock Overview

Produces and sells stainless steel and alloy products worldwide. More details

APAM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends6/6

Rewards

Trading at 34.3% below our estimate of its fair value

Earnings are forecast to grow 59.02% per year

Pays a high and reliable dividend of 6.37%

Trading at good value compared to peers and industry

Risk Analysis

No risks detected for APAM from our risk checks.

APAM Community Fair Values

Create Narrative

See what 46 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Aperam

APAM: Recent Leadership Changes And Industry Momentum Will Support Fair Value Outlook

Key Takeaways Regulatory tailwinds, cost leadership, and focus on value-added steels are set to drive sustainable margin expansion and pricing power, especially in Europe. Diversified operations and investments in recycling and Brazil will stabilize group earnings and offset regional market volatility.
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€31.04
FV
1.2% overvalued intrinsic discount
7.37%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
21users have followed this narrative
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Aperam

Decarbonization And Circular Economy Will Support Global Demand

Key Takeaways Aperam's unique supply chain integration, recycling focus, and regional leadership position it to outpace industry growth, capture market share, and sustain premium pricing as demand shifts to green materials. Strategic moves in specialty and defense alloys, as well as regulatory advantages in low-carbon steel, are set to drive transformative changes in revenue mix and profit margins.
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€37
FV
15.1% undervalued intrinsic discount
11.22%
Revenue growth p.a.
1users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
APAM logo
Aperam

European Decarbonization And Indonesian Rivals Will Erode Margins

Key Takeaways Accelerated decarbonization, new material adoption, and lack of trade protections threaten Aperam's core revenues, market share, and profit margins. Rising environmental costs, overcapacity, and price competition are expected to further pressure earnings and undermine long-term financial resilience.
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€25
FV
25.7% overvalued intrinsic discount
5.67%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
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Aperam S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Aperam
Historical stock prices
Current Share Price€31.42
52 Week High€33.94
52 Week Low€22.80
Beta1.59
1 Month Change-1.81%
3 Month Change21.41%
1 Year Change11.34%
3 Year Change9.36%
5 Year Change0.29%
Change since IPO5.65%

Recent News & Updates

Aperam S.A. Just Missed Revenue By 10%: Here's What Analysts Think Will Happen Next

Nov 12
Aperam S.A. Just Missed Revenue By 10%: Here's What Analysts Think Will Happen Next

Aperam (AMS:APAM) Has Announced A Dividend Of €0.425

Sep 13
Aperam (AMS:APAM) Has Announced A Dividend Of €0.425

Recent updates

Aperam S.A. Just Missed Revenue By 10%: Here's What Analysts Think Will Happen Next

Nov 12
Aperam S.A. Just Missed Revenue By 10%: Here's What Analysts Think Will Happen Next

Aperam (AMS:APAM) Has Announced A Dividend Of €0.425

Sep 13
Aperam (AMS:APAM) Has Announced A Dividend Of €0.425

Aperam (AMS:APAM) Has A Somewhat Strained Balance Sheet

Sep 07
Aperam (AMS:APAM) Has A Somewhat Strained Balance Sheet

Improved Earnings Required Before Aperam S.A. (AMS:APAM) Shares Find Their Feet

Jul 23
Improved Earnings Required Before Aperam S.A. (AMS:APAM) Shares Find Their Feet

These 4 Measures Indicate That Aperam (AMS:APAM) Is Using Debt Extensively

May 30
These 4 Measures Indicate That Aperam (AMS:APAM) Is Using Debt Extensively

Aperam (AMS:APAM) Is Due To Pay A Dividend Of €0.425

Apr 04
Aperam (AMS:APAM) Is Due To Pay A Dividend Of €0.425

Little Excitement Around Aperam S.A.'s (AMS:APAM) Earnings

Mar 26
Little Excitement Around Aperam S.A.'s (AMS:APAM) Earnings

Estimating The Intrinsic Value Of Aperam S.A. (AMS:APAM)

Jan 30
Estimating The Intrinsic Value Of Aperam S.A. (AMS:APAM)
User avatar

Acquisition Of Universal Stainless Will Expand Market Reach And Product Offerings

Aperam's strategic moves in Brazil, Europe, and the USA may improve revenue through market expansion, operational stability, and product differentiation.

Lacklustre Performance Is Driving Aperam S.A.'s (AMS:APAM) Low P/E

Dec 11
Lacklustre Performance Is Driving Aperam S.A.'s (AMS:APAM) Low P/E

Aperam (AMS:APAM) Shareholders Should Be Cautious Despite Solid Earnings

Nov 19
Aperam (AMS:APAM) Shareholders Should Be Cautious Despite Solid Earnings

Calculating The Fair Value Of Aperam S.A. (AMS:APAM)

Oct 27
Calculating The Fair Value Of Aperam S.A. (AMS:APAM)

Aperam S.A. (AMS:APAM) Might Not Be As Mispriced As It Looks

Sep 07
Aperam S.A. (AMS:APAM) Might Not Be As Mispriced As It Looks

Aperam S.A. (AMS:APAM) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

Aug 04
Aperam S.A. (AMS:APAM) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

Aperam (AMS:APAM) Is Carrying A Fair Bit Of Debt

Jul 01
Aperam (AMS:APAM) Is Carrying A Fair Bit Of Debt

Take Care Before Diving Into The Deep End On Aperam S.A. (AMS:APAM)

Jun 04
Take Care Before Diving Into The Deep End On Aperam S.A. (AMS:APAM)

Analyst Estimates: Here's What Brokers Think Of Aperam S.A. (AMS:APAM) After Its First-Quarter Report

May 08
Analyst Estimates: Here's What Brokers Think Of Aperam S.A. (AMS:APAM) After Its First-Quarter Report

It's Unlikely That Aperam S.A.'s (AMS:APAM) CEO Will See A Huge Pay Rise This Year

Apr 24
It's Unlikely That Aperam S.A.'s (AMS:APAM) CEO Will See A Huge Pay Rise This Year

Capital Allocation Trends At Aperam (AMS:APAM) Aren't Ideal

Apr 04
Capital Allocation Trends At Aperam (AMS:APAM) Aren't Ideal

We Think That There Are More Issues For Aperam (AMS:APAM) Than Just Sluggish Earnings

Feb 16
We Think That There Are More Issues For Aperam (AMS:APAM) Than Just Sluggish Earnings

Aperam (AMS:APAM) Has A Somewhat Strained Balance Sheet

Jan 10
Aperam (AMS:APAM) Has A Somewhat Strained Balance Sheet

Market Still Lacking Some Conviction On Aperam S.A. (AMS:APAM)

Dec 20
Market Still Lacking Some Conviction On Aperam S.A. (AMS:APAM)

Are Investors Undervaluing Aperam S.A. (AMS:APAM) By 50%?

Oct 19
Are Investors Undervaluing Aperam S.A. (AMS:APAM) By 50%?

These 4 Measures Indicate That Aperam (AMS:APAM) Is Using Debt Extensively

Sep 26
These 4 Measures Indicate That Aperam (AMS:APAM) Is Using Debt Extensively

We Like These Underlying Return On Capital Trends At Aperam (AMS:APAM)

Jul 26
We Like These Underlying Return On Capital Trends At Aperam (AMS:APAM)

Aperam (AMS:APAM) Seems To Use Debt Quite Sensibly

Jun 15
Aperam (AMS:APAM) Seems To Use Debt Quite Sensibly

Is Aperam S.A. (AMS:APAM) Trading At A 48% Discount?

May 25
Is Aperam S.A. (AMS:APAM) Trading At A 48% Discount?

Aperam (AMS:APAM) Could Become A Multi-Bagger

Apr 04
Aperam (AMS:APAM) Could Become A Multi-Bagger

Aperam (AMS:APAM) Has A Pretty Healthy Balance Sheet

Mar 13
Aperam (AMS:APAM) Has A Pretty Healthy Balance Sheet

An Intrinsic Calculation For Aperam S.A. (AMS:APAM) Suggests It's 40% Undervalued

Feb 12
An Intrinsic Calculation For Aperam S.A. (AMS:APAM) Suggests It's 40% Undervalued

Shareholder Returns

APAMNL Metals and MiningNL Market
7D2.5%3.1%1.0%
1Y11.3%25.3%18.9%

Return vs Industry: APAM underperformed the Dutch Metals and Mining industry which returned 28.2% over the past year.

Return vs Market: APAM underperformed the Dutch Market which returned 17.4% over the past year.

Price Volatility

Is APAM's price volatile compared to industry and market?
APAM volatility
APAM Average Weekly Movement4.9%
Metals and Mining Industry Average Movement7.8%
Market Average Movement4.0%
10% most volatile stocks in NL Market6.7%
10% least volatile stocks in NL Market2.2%

Stable Share Price: APAM has not had significant price volatility in the past 3 months compared to the Dutch market.

Volatility Over Time: APAM's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201012,900Tim Di Maulowww.aperam.com

Aperam S.A., together with its subsidiaries, produces and sells stainless steel and alloy products worldwide. It operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel and electrical steel products, including grain oriented and non-grain oriented.

Aperam S.A. Fundamentals Summary

How do Aperam's earnings and revenue compare to its market cap?
APAM fundamental statistics
Market cap€2.27b
Earnings (TTM)-€8.00m
Revenue (TTM)€6.19b
0.4x
P/S Ratio
-284.1x
P/E Ratio

Is APAM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
APAM income statement (TTM)
Revenue€6.19b
Cost of Revenue€5.75b
Gross Profit€440.00m
Other Expenses€448.00m
Earnings-€8.00m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.11
Gross Margin7.10%
Net Profit Margin-0.13%
Debt/Equity Ratio42.5%

How did APAM perform over the long term?

See historical performance and comparison

Dividends

6.4%
Current Dividend Yield
75%
Payout Ratio

Does APAM pay a reliable dividends?

See APAM dividend history and benchmarks
When do you need to buy APAM by to receive an upcoming dividend?
Aperam dividend dates
Ex Dividend DateNov 17 2025
Dividend Pay DateDec 12 2025
Days until Ex dividend1 day
Days until Dividend pay date26 days

Does APAM pay a reliable dividends?

See APAM dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/14 08:54
End of Day Share Price 2025/11/14 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aperam S.A. is covered by 22 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexandre LeroyBanco BPI, S.A.
Tom ZhangBarclays
Alessandro AbateBerenberg