(ERO) Ero Copper - Overview
Sector: Basic Materials | Industry: Copper | Exchange: NYSE (USA) | Market Cap: 3.002m USD | Total Return: 113.8% in 12m
Avg Turnover: 33.7M
EPS Trend: 79.7%
Qual. Beats: 1
Rev. Trend: 88.0%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
No distinct edge detected
Ero Copper Corp. is a Vancouver-based mining company focused on the exploration and development of mineral properties in Brazil. Its primary asset is the Caraíba operations in Bahia State, which produces copper concentrates along with gold and silver as by-products. The companys business model relies on the extraction of high-grade ore to supply the global demand for base metals essential for industrial electrification.
Copper is a critical component in renewable energy infrastructure and electric vehicle manufacturing, often requiring significant capital expenditure for long-term production cycles. Investors can evaluate the company’s valuation metrics and growth potential on ValueRay. As a pure-play copper producer in South America, Ero Coppers revenue is highly sensitive to global commodity price fluctuations and regional operational efficiency.
- Tucumã Project ramp-up triples total consolidated copper production capacity
- Copper concentrate sales from Caraíba operations drive core revenue growth
- Real-to-Dollar exchange rate fluctuations impact operational costs in Brazil
- Gold and silver by-product credits lower net C1 cash costs
- Global copper demand and commodity price volatility dictate valuation multiples
| Net Income: 291.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 11.53 > 1.0 |
| NWC/Revenue: 7.18% < 20% (prev 2.09%; Δ 5.09% < -1%) |
| CFO/TA 0.19 > 3% & CFO 396.8m > Net Income 291.9m |
| Net Debt (535.5m) to EBITDA (528.9m): 1.01 < 3 |
| Current Ratio: 1.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (105.0m) vs 12m ago 1.08% < -2% |
| Gross Margin: 42.66% > 18% (prev 0.42%; Δ 4.22k% > 0.5%) |
| Asset Turnover: 49.38% > 50% (prev 29.04%; Δ 20.34% > 0%) |
| Interest Coverage Ratio: 14.60 > 6 (EBITDA TTM 528.9m / Interest Expense TTM 25.7m) |
| A: 0.03 (Total Current Assets 291.3m - Total Current Liabilities 224.8m) / Total Assets 2.06b |
| B: 0.42 (Retained Earnings 856.4m / Total Assets 2.06b) |
| C: 0.20 (EBIT TTM 375.4m / Avg Total Assets 1.87b) |
| D: 1.14 (Book Value of Equity 1.09b / Total Liabilities 956.8m) |
| Altman-Z'' = 4.11 = AA |
| DSRI: 0.35 (Receivables 54.5m/83.1m, Revenue 925.2m/489.6m) |
| GMI: 0.98 (GM 42.66% / 41.85%) |
| AQI: 1.85 (AQ_t 0.04 / AQ_t-1 0.02) |
| SGI: 1.89 (Revenue 925.2m / 489.6m) |
| TATA: -0.05 (NI 291.9m - CFO 396.8m) / TA 2.06b) |
| Beneish M = -2.49 (Cap -4..+1) = BBB |
As of May 30, 2026, the stock is trading at USD 30.44 with a total of 1,468,412 shares traded.
Over the past week, the price has changed by +13.92%,
over one month by +17.30%,
over three months by -10.94% and
over the past year by +113.76%.
Ero Copper has received a consensus analysts rating of 4.43. Therefore, it is recommended to buy ERO.
- StrongBuy: 7
- Buy: 6
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 34.9 | 14.6% |
P/E Trailing = 10.2821
P/E Forward = 6.9589
P/S = 3.0451
P/B = 2.5623
Revenue TTM = 925.2m USD
EBIT TTM = 375.4m USD
EBITDA TTM = 528.9m USD
Long Term Debt = 542.7m USD (from longTermDebt, last quarter)
Short Term Debt = 54.4m USD (from shortTermDebt, last quarter)
Debt = 627.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 21.5m
Net Debt = 535.5m USD (calculated: Debt 627.0m - CCE 91.5m)
Enterprise Value = 3.54b USD (3.00b + Debt 627.0m - CCE 91.5m)
Interest Coverage Ratio = 14.60 (Ebit TTM 375.4m / Interest Expense TTM 25.7m)
EV/FCF = 29.32x (Enterprise Value 3.54b / FCF TTM 120.7m)
FCF Yield = 3.41% (FCF TTM 120.7m / Enterprise Value 3.54b)
FCF Margin = 13.04% (FCF TTM 120.7m / Revenue TTM 925.2m)
Net Margin = 31.55% (Net Income TTM 291.9m / Revenue TTM 925.2m)
Gross Margin = 42.66% ((Revenue TTM 925.2m - Cost of Revenue TTM 530.5m) / Revenue TTM)
Gross Margin QoQ = 39.81% (prev 50.94%)
Tobins Q-Ratio = 1.72 (Enterprise Value 3.54b / Total Assets 2.06b)
Interest Expense / Debt = 4.10% (Interest Expense 25.7m / Debt 627.0m)
Taxrate = 14.06% (17.6m / 125.4m)
NOPAT = 322.6m (EBIT 375.4m * (1 - 14.06%))
Current Ratio = 1.30 (Total Current Assets 291.3m / Total Current Liabilities 224.8m)
Debt / Equity = 0.57 (Debt 627.0m / totalStockholderEquity, last quarter 1.10b)
Debt / EBITDA = 1.01 (Net Debt 535.5m / EBITDA 528.9m)
Debt / FCF = 4.44 (Net Debt 535.5m / FCF TTM 120.7m)
Total Stockholder Equity = 935.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.58% (Net Income 291.9m / Total Assets 2.06b)
RoE = 31.20% (Net Income TTM 291.9m / Total Stockholder Equity 935.8m)
RoCE = 25.39% (EBIT 375.4m / Capital Employed (Equity 935.8m + L.T.Debt 542.7m))
RoIC = 17.12% (NOPAT 322.6m / Invested Capital 1.88b)
WACC = 10.46% (E(3.00b)/V(3.63b) * Re(11.91%) + D(627.0m)/V(3.63b) * Rd(4.10%) * (1-Tc(0.14)))
Discount Rate = 11.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 2.74%
[DCF] Terminal Value 68.41% ; FCFF base≈120.7m ; Y1≈121.2m ; Y5≈128.4m
[DCF] Fair Price = 8.95 (EV 1.47b - Net Debt 535.5m = Equity 933.5m / Shares 104.3m; r=10.46% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 79.71 | EPS CAGR: 38.66% | SUE: 1.94 | # QB: 1
Revenue Correlation: 88.03 | Revenue CAGR: 28.90% | SUE: -0.81 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.93 | Chg30d=+4.80% | Revisions=-43% | Analysts=6
EPS next Quarter (2026-09-30): EPS=1.24 | Chg30d=+9.08% | Revisions=-14% | Analysts=6
EPS current Year (2026-12-31): EPS=3.90 | Chg30d=-0.11% | Revisions=-38% | GrowthEPS=+84.0% | GrowthRev=+57.8%
EPS next Year (2027-12-31): EPS=4.67 | Chg30d=+6.14% | Revisions=-8% | GrowthEPS=+19.6% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: -43%