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Ercros, S.A.

Ercros, S.A.

ECR.MC
Ercros, S.A.ES flagMadrid Stock Exchange
3.48
EUR
+0.01
- -
317.74MMarket Cap
Ercros, S.A.
ECR.MC
(Madrid Stock Exchange)

Recent

price

3.48

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.05
6.82
6.35
6.04
5.48
5.42
5.28
6.07
6.15
6.31
5.54
7.65
10.15
7.73
7.04
6.6
- -
Revenue per Share
-0.12
-0.01
-0.12
-0.04
-0.06
0.06
0.4
0.4
0.41
0.29
0.06
0.43
0.64
0.3
-0.13
-0.59
- -
Basic EPS, GAAP
-0.19
0.03
0.03
0.19
0.03
0.04
0.17
0.01
-0.3
-0.2
-0.11
-0.13
-0.25
-0.16
-0.15
-0.12
- -
Free Cash Flow per Basic Share
0.01
- -
- -
- -
- -
- -
- -
0.04
0.05
0.06
0.05
- -
0.08
0.15
0.1
- -
- -
Dividend per Share
- -
0.3
0.3
0.31
0.31
0.3
0.7
0.69
0.71
0.59
0.36
0.73
0.93
0.6
0.17
-0.29
- -
Book Value per Share
1.79
1.8
1.68
1.62
1.48
1.49
1.88
2.17
2.46
2.69
2.7
3.17
3.47
3.75
3.55
2.91
- -
Tangible Book Value per Share
101
101
101
104
110
114
114
112
109
106
103
101
98
91
91
91
- -
Basic Weighted Avg Shares
609
686
640
625
604
618
603
681
672
670
569
772
999
707
643
603
575
Sales/Revenue/Turnover
-1.43
1.3
0.46
1.54
0.03
2.73
6.88
7.08
7.6
5.83
4.21
8.5
11.31
2.24
-0.44
-4.41
-4.95
Operating Margin (%)
19
18
18
19
19
20
19
18
26
27
30
28
30
32
31
34
35
Depreciation Expense
-12
-1
-12
-4
-6
7
45
45
45
31
6
43
63
28
-12
-54
-55
Net Income, GAAP
- -
- -
- -
- -
- -
- -
0.35
- -
- -
- -
10.42
16.69
19.68
- -
- -
- -
- -
Effective Tax Rate (%)
-2.03
-0.12
-1.9
-0.6
-1.04
1.17
7.5
6.54
6.64
4.63
1.1
5.61
6.31
3.9
-1.81
-8.88
-9.57
Profit Margin (%)
-25
-4
-29
-13
-24
-4
39
-2
-3
8
27
69
78
45
32
32
58
Working Capital
2
65
56
56
42
43
59
63
61
73
97
95
104
100
91
138
20
LT Debt
189
187
174
172
168
176
220
247
272
292
284
332
361
363
341
287
274
Total Equity
- -
- -
- -
- -
- -
- -
12.37
- -
- -
- -
4.86
12.69
19.22
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
25.24
- -
- -
- -
5.11
25.52
31.37
- -
- -
- -
- -
Return on Capital (%)
- -
-5.37
-40.01
-11.99
-19.12
21.33
79.51
56.73
57.53
44.42
12.63
78.62
76.09
37.53
-32.93
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
85
- -
LT Borrowings
- -
130
- -
LT Finance Leases
- -
8
20
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
91
- -
Market Capitalization
247
314
- -

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
246
183
Cash, Cash Equivalents & STI
- -
94
43
Accounts Receivable, Net
- -
38
- -
Inventories
- -
102
- -
Total Current Liabilities
- -
214
125
Payables & Accruals
- -
- -
- -
ST Debt
- -
85
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.64%
0.85%
-15.8%
Free Cash Flow
-333.72%
8.24%
-20.48%
Net Income, GAAP
121.1%
159.73%
359.68%
Sales/Revenue/Turnover
1.44%
4.13%
-6.23%
Total Cash Common Dividend
- -
- -
-96.3%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
183
177
155
128
643
2025
179
168
146
111
603
2026
150
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
-0.13
2025
-0.13
- -
- -
- -
-0.59
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.1
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Ercros, S.A. (ECR.MC) manufactures and markets basic chemicals, intermediate chemicals and pharmaceuticals with operations centered in Spain. The company operates through three divisions: Chlorine Derivatives, which produces chlorine, caustic soda and potash, sodium hypochlorite, hydrochloric acid, hydrogen peroxide, dichloroethane, vinyl chloride monomer, PVC compounds, sodium chlorate, chloroisocyanurates, dicalcium phosphate, potassium carbonate, ammonia and bioplastics for water treatment, swimming pools, bleaching, solvents, detergents, inks, animal feed and cooling; Intermediate Chemicals, which manufactures formaldehyde, paraformaldehyde, glues and resins, molding compounds, pentaerythritol, dipentaerythritol and sodium formate for particleboard, laminates, plywood, resins, paints, varnishes, electrical components, tableware and tanning; and Pharmaceuticals, which supplies active ingredients and intermediates including azithromycin, clarithromycin, erythromycins, amlodipine besylate, famotidine, fosfomycin calcium, sodium and trometamol, and fusidic acid for antibiotics, cholesterol-lowering, anti-ulcer and anti-fungal applications. Ercros maintains 10 production facilities across Spain, exports 54% of sales to over 90 countries serving industries such as chemicals, construction, wood, paints, food, pharmaceuticals, electronics, automotive, water treatment and personal care, and employs around 1,335 people. Founded in 1989 through the merger of S.A. Cros—tracing origins to 1817—and Unión Explosivos Río Tinto, S.A., the company is headquartered at Avda. Diagonal 595, Barcelona, Spain, and is listed on the Spanish stock exchanges. Recent developments include the installation of a new photovoltaic plant at Flix to cut CO2 emissions by 800 tonnes annually, capacity expansions at Vila-seca I and Tortosa factories boosting chlorine to 217,000 tonnes/year and formaldehyde output, long-term supply contracts for formaldehyde through 2030 and chlorine extensions, alongside rebuffed takeover bids from Esseco in 2024—withdrawn in August 2025 due to CNMC conditions—and earlier interest from Bondalti, while CNMC scrutiny of potential mergers continues into 2025.