Aperam S.A.

Factors to consider:

• Company pays dividends (annually): last record date 2026-02-25, amount 0.59$ (Y1.32%)
• Earnings for 12 months up through Q4 are below our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [14.01$, 25.67$]
• 2025-12-31 to 2026-12-31 estimated range: [12.69$, 23.43$]

Financial Metrics affecting the APMSF estimates:

• Positive: with PPE of 7.6 at the end of fiscal year the price was neutral
• Positive: Operating cash flow per share per price, % of 15.32 > 12.96
• Positive: -4.75 < Operating profit margin, % of 2.06
• Positive: 1.87 < Return on assets ratio (scaled to [-100,100]) of 3.80
• Negative: Investing cash flow per share per price, % of -8.48 <= -4.43
• Negative: Industry earnings per price (median), % of 1.67 <= 4.49
• Positive: Industry operating cash flow per share per price (median), % of 10.93 > 10.29
• Positive: 42.68 < Shareholder equity ratio, % of 57.43 <= 64.29
• Negative: -0.75 < Inventory ratio change, % of -0.05
• Negative: 0.73 < Interest expense per share per price, % of 2.57