ERAMET S.A. (ER7) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of ERAMET S.A. €48.26, price €44.16, upside +9.3%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range €40.06 – €228.75 · fair‑value band €19.12 – €77.39 · the €44.16 price screens below the €48.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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ERAMET S.A. produces and sells manganese and nickel metals in Asia, Europe, North America, and internationally. It extracts and processes manganese and nickel ores; extracts and develops mineral sands; and mines and processes lithium deposits.
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ERAMET S.A. produces and sells manganese and nickel metals in Asia, Europe, North America, and internationally. It extracts and processes manganese and nickel ores; extracts and develops mineral sands; and mines and processes lithium deposits. The company also offers manganese alloys, including silicomanganese, low-carbon silicomanganese, and manganese dioxide, as well as medium, low, and high carbon ferromanganese; manganese ores, such as lumpy ores, fines, HM, and sinter products; ferronickel, nickel pig iron, briquettes, nickel salts, nickel ferroalloys, ferronickel slag, and other nickel products; and mineral sands, ilmenite, rutile, and leucoxene, such as zircon and titanium dioxide used in building, decoration, and ceramics, and abrasives. In addition, it operates Moanda mine in Gabon; nickel mines in New Caledonia and Indonesia; and mineral sand mine in Senegal. The company was incorporated in 1880 and is headquartered in Paris, France.
Stock analysis
ERAMET S.A. (ER7) currently trades at €44.16, while our model-based Fair Value estimate is €48.26, so the stock looks roughly fairly valued today (gap 8.5%).
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 80/100, which puts the evidence level at low.
Scenario range: €19.12 (bear) to €77.39 (bull), the price of €44.16 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 29/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
ERAMET S.A. reported revenue of €2.8B in FY2025 versus €3.7B in FY2021, a compound −7.2%/yr. Reported net income was −€477M in FY2025.
Key figures
Market cap €1.3B · P/S ratio 0.45 · EPS (TTM) €−16.67 · Net margin −17.3% · Return on equity −31.4% · Return on assets (EBIT) 5.7% · Operating margin −7.7% · Revenue (TTM) €2.8B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 9%, ER7 screens richer than that median.
Fair Value models
Bear €19.12Fair Value €48.26Bull €77.39
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−6.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−18.6%
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
20.6% (2021) → −7.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Other Industrial Metals & Mining · 354 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside+9.3% · Top 25%
Profitability
Return on assets−2.1% · Below median
Net margin (TTM)−17.1% · Bottom 25%
Operating margin (TTM)−7.7% · Bottom 25%
Growth and dividend
Revenue growth−8.2% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity2.76× · Highest 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ERAMET S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ER7
Frequently asked questions
Is ERAMET S.A. (ER7) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of €48.26 versus a price of €44.16, about +9% upside (fairly valued).
What is the fair value of ER7?
Our model-based fair value for ERAMET S.A. is €48.26 (as of Sep 29, 2026), built from audited fundamentals. The current price: €44.16.
What is the quality score of ER7?
ERAMET S.A. has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for ERAMET S.A. (ER7)?
Our model-based price target is the fair value of €48.26 (as of Sep 29, 2026) from 2 valuation models. Cautious scenario €19.12, optimistic scenario €77.39. It is a calculation from audited fundamentals, not an analyst target.
What is the ERAMET S.A. stock forecast for 2026?
Our models put fair value at €48.26, about +9% upside versus a price of €44.16 (fairly valued). Cautious scenario €19.12, optimistic scenario €77.39. The calculation is refreshed regularly with new filings.
What is the revenue of ERAMET S.A. (ER7)?
ERAMET S.A. reported trailing-twelve-month revenue of about €2.8B (latest available figure, as of Sep 29, 2026).
What is the intrinsic value of ERAMET S.A. (ER7)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ERAMET S.A. it is €48.26 per share (as of Sep 29, 2026), against a price of €44.16. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is ERAMET S.A. stock overvalued or undervalued in 2026?
As of Sep 29, 2026, ER7 trades below its calculated fair value: price €44.16, fair value €48.26, a gap of about +9% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ER7?
No. The price is what the market pays today (€44.16); the fair value is what the company's own numbers justify (€48.26). For ERAMET S.A. the two are €4.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is ERAMET S.A. worth?
The market values ERAMET S.A. at about €1.3B (market capitalisation, as of Sep 29, 2026). Per share that is €44.16; our models calculate a fair value of €48.26 per share.
What do the bullish and bearish scenarios say about ER7?
Our models span a range for ERAMET S.A.: cautious scenario €19.12, base €48.26, optimistic €77.39 per share (as of Sep 29, 2026, price €44.16). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of ERAMET S.A. (ER7)?
Balance-sheet figures for ERAMET S.A. (as of Sep 29, 2026): return on equity −31.4%, debt of 2.76 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is ER7 from its 52-week high?
ERAMET S.A. trades at €44.16, about 48% below its 52-week high of €85.05 and 10% above the low of €40.06 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €48.26 is for.
Which stocks are comparable to ERAMET S.A.?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ERAMET S.A. stock attractive at the current price?
The data as of Sep 29, 2026: price €44.16, calculated fair value €48.26 (+9%), Quality Score 29/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ER7 calculated?
We run ERAMET S.A. through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €48.26, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. ERAMET S.A. currently trades 8 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of ERAMET S.A. (ER7)?
The closing price on Oct 2, 2026 was €44.16. Our model-based fair value is €48.26, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ERAMET S.A. right now?
The model range is unusually wide (€19.12 to €77.39). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of ERAMET S.A.
How large is the market capitalisation of ERAMET S.A. (ER7)?
The market capitalisation of ERAMET S.A. is €1.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ERAMET S.A. (ER7)?
The price-to-sales ratio of ERAMET S.A. is 0.45 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ERAMET S.A. (ER7)?
Earnings per share at ERAMET S.A. are €−16.67. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ERAMET S.A. (ER7)?
The net margin of ERAMET S.A. is −17.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ERAMET S.A. (ER7)?
The return on equity (ROE) of ERAMET S.A. is −31.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ERAMET S.A. (ER7)?
On an EBIT basis the return on assets of ERAMET S.A. is 5.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ERAMET S.A. (ER7)?
The operating margin of ERAMET S.A. is −7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ERAMET S.A. (ER7)?
Revenue at ERAMET S.A. is growing −8.2% versus a year earlier (3y avg −18.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does ERAMET S.A. (ER7) generate?
The free cash flow of ERAMET S.A. is −€742M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does ERAMET S.A. (ER7) carry?
The net debt of ERAMET S.A. is €1.9B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 29, 2026