Added to YB: 2026-10-15
Pitch date: 2026-10-13
ERA.PA [neutral]
ERAMET S.A.
+4.07%
current return
Author Info
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Company Info
ERAMET S.A. produces and sells manganese and nickel metals in Asia, Europe, North America, and internationally.
Market Cap
EUR 1.2B
Pitch Price
EUR 37.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
19.13
P/E
-2.39
EV/Sales
1.37
Sector
Metals and Mining
Category
special_situation
Eramet (ERA France): French state takes control of the recapitalisation
ERA.PA (update): Eramet’s €500m capital increase has a more credible path with the French state intending to subscribe and potentially lift its stake from 27.1% to ~38%, with banks expected to underwrite the uncovered portion. The raise and planned asset disposals should support deleveraging, but dividends remain suspended until net leverage falls below 1x; recovery still depends on disposal proceeds, restructuring execution, cash generation and depressed commodity markets.
Read full article (3 min)