Aperam S.A.

Factors to consider:

• Company pays dividends (annually): last record date 2026-05-22, amount 0.58$ (Y1.30%)
• Earnings for 15 months up through Q1 (+1 year) 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: [12.70$, 23.44$]

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 > 12.90
• Positive: -5.39 < Operating profit margin, % of 2.06
• Negative: Industry operating profit margin (median), % of 1.60 <= 2.88
• Negative: Industry inventory ratio change (median), % of 3.22 > 0.28
• Negative: Investing cash flow per share per price, % of -8.48 <= -4.41
• Positive: Interest expense per share per price, % of 2.57 <= 3.31
• Positive: 1.81 < Return on assets ratio (scaled to [-100,100]) of 3.80