Added to YB: 2026-10-09
Pitch date: 2026-10-06
APAM.AS [neutral]
Aperam S.A.
-3.25%
current return
Author Info
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Company Info
Aperam S.A., together with its subsidiaries, produces and sells stainless steel and alloy products worldwide.
Market Cap
EUR 2.9B
Pitch Price
EUR 40.02
Price Target
N/A
Dividend
4.92%
EV/EBITDA
12.76
P/E
23.23
EV/Sales
0.66
Sector
Metals and Mining
Category
special_situation
Aperam (APAM Netherlands): Trade protection needs time to work
APAM.AS (update): Aperam’s tighter European trade protections should progressively lift utilization and pricing as pre-tariff inventories clear, supporting management’s 2028 adjusted EBITDA target of €700-800m versus €339m in 2025 without requiring a strong demand recovery. Near-term trading remains subdued, with Q3 adjusted EBITDA guided between €90m and €130m amid soft orders, maintenance, smaller inventory benefits and elevated energy costs.
Read full article (2 min)