Aperam S.A (APEMY) Fair Value & Analysis
Basic Materials · US · Market cap $4.3B
Aperam S.A
APEMY · US
Fair value as of: Jul 14, 2026
From 20 valuation models · updated 27 days ago
Fair value updated Jul 14, 2026, revised from $16.60 to $33.30 (+100.6%) since Jun 24, 2026. Share price +13.3% over the past month.
A solid business, but screening 38% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($34.34). The favourable scenario is already priced in.
- Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range $11.70 – $61.65 · fair‑value band $28.38 – $34.34 · the $53.45 price screens above the $33.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Aperam S.A (APEMY) currently trades at $53.45, while our model-based Fair Value estimate is $33.30, implying the stock looks roughly 37.7% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Aperam S.A generated revenue of $6.0B at a net margin of 0.5%. Revenue declined 5.0% year over year. It earns a return on equity of 0.9%. Net debt stands at $978M. Fundamentals as of Jul 14, 2026
Our scenario range runs from $28.38 (bear case) to $34.34 (bull case); at $53.45, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 91% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -38%, APEMY screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 20 models by family
Widest divergence: Asset-Based ($29.58) versus Earnings-Based ($1.33). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 66
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Aperam S.A., together with its subsidiaries, produces and sells stainless steel and alloy products worldwide. The company operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables.
Full company description
Aperam S.A., together with its subsidiaries, produces and sells stainless steel and alloy products worldwide. The company operates through four segments: Stainless & Electrical Steel; Services & Solutions; Alloys & Specialties; and Recycling & Renewables. The company offers a range of stainless steel, flat stainless and electrical steel, and special carbon products. It also produces specialty grades alloys and specialties. In addition, the company engages in tubes business, as well as provision of value added and customized steel solutions. Further, it collects, trades, processes, and recycles stainless steel scrap and high-performance alloys. The company serves aerospace, automotive, construction, medical, and oil and gas industries. It distributes its products through a network of steel service centers, transformation facilities, and sales offices. The company was incorporated in 2010 and is headquartered in Luxembourg, Luxembourg.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Aperam S.A reported revenue of $6.1B in FY2025 versus $5.1B in FY2021, a compound +4.5%/yr. Reported net income was $9.0M in FY2025, compounding −68.9%/yr from FY2021.
APEMY screens 38% overvalued. Compare with Tata Steel Limited →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- These Strong Buy Stocks Delivered Massive Q2 Earnings Beats: APEMY, COHU, IDCC, PBF
- Aperam Publishes Its Half Year Report for 2026
- Aperam SA (APEMY) (Q2 2026) Earnings Call Highlights: Resilient EBITDA Amid Headwinds, Trade ...
- Aperam (APEMY) Upgraded to Strong Buy: Here's What You Should Know
Peer Group
Steel · 378 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Steel median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2010 | $0.2000 | -0% |
| JSW Steel Limited JSWSTEEL | ₹1,227 | ₹1,140 | -7% |
| Baoshan Iron & Steel Co 600019 | ¥5.89 | ¥8.07 | +37% |
| China Steel Corporation 2002A | 38.55 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 313,500 KRW | 155,270 KRW | -50% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,940 ARS | +17% |
| Jindal Steel Limited JINDALSTEL | ₹1,028 | ₹545.12 | -47% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,844 | ₹1,098 | -40% |
| Gerdau S.A GGBN | 83.50 MXN | 42.64 MXN | -49% |
| Ternium S.A TXR | 17,780 ARS | 27,210 ARS | +53% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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