ERO COPPER CORP (ERO.CA) Fundamental Analysis & Valuation

TSX:ERO • CA2960061091

37.64 CAD
-1.76 (-4.47%)
Last: Mar 6, 2026, 07:00 PM
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This ERO.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Overall ERO gets a fundamental rating of 6 out of 10. We evaluated ERO against 817 industry peers in the Metals & Mining industry. While ERO belongs to the best of the industry regarding profitability, there are concerns on its financial health. ERO has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination!


Dividend Valuation Growth Profitability Health

7

1. ERO.CA Profitability Analysis

1.1 Basic Checks

  • ERO had positive earnings in the past year.
  • ERO had a positive operating cash flow in the past year.
  • In multiple years ERO reported negative net income over the last 5 years.
  • Of the past 5 years ERO 4 years had a positive operating cash flow.
ERO.CA Yearly Net Income VS EBIT VS OCF VS FCFERO.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M

1.2 Ratios

  • ERO has a better Return On Assets (7.34%) than 90.32% of its industry peers.
  • Looking at the Return On Equity, with a value of 15.57%, ERO belongs to the top of the industry, outperforming 92.77% of the companies in the same industry.
  • ERO's Return On Invested Capital of 9.11% is amongst the best of the industry. ERO outperforms 93.38% of its industry peers.
  • ERO had an Average Return On Invested Capital over the past 3 years of 8.14%. This is below the industry average of 12.59%.
  • The 3 year average ROIC (8.14%) for ERO is below the current ROIC(9.11%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.34%
ROE 15.57%
ROIC 9.11%
ROA(3y)3.34%
ROA(5y)9.91%
ROE(3y)6.26%
ROE(5y)18.84%
ROIC(3y)8.14%
ROIC(5y)19.2%
ERO.CA Yearly ROA, ROE, ROICERO.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

1.3 Margins

  • ERO has a Profit Margin of 23.43%. This is amongst the best in the industry. ERO outperforms 94.12% of its industry peers.
  • With an excellent Operating Margin value of 29.97%, ERO belongs to the best of the industry, outperforming 94.36% of the companies in the same industry.
  • ERO's Operating Margin has been stable in the last couple of years.
  • ERO has a Gross Margin of 39.72%. This is amongst the best in the industry. ERO outperforms 92.77% of its industry peers.
  • ERO's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 29.97%
PM (TTM) 23.43%
GM 39.72%
OM growth 3Y-22.63%
OM growth 5Y-1.37%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16.13%
GM growth 5Y-1.36%
ERO.CA Yearly Profit, Operating, Gross MarginsERO.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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3

2. ERO.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ERO is destroying value.
  • There is no outstanding debt for ERO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ERO.CA Yearly Shares OutstandingERO.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
ERO.CA Yearly Total Debt VS Total AssetsERO.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 2.92 indicates that ERO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • ERO's Altman-Z score of 2.92 is in line compared to the rest of the industry. ERO outperforms 47.92% of its industry peers.
  • ERO has a debt to FCF ratio of 14.97. This is a negative value and a sign of low solvency as ERO would need 14.97 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 14.97, ERO belongs to the top of the industry, outperforming 89.58% of the companies in the same industry.
  • ERO has a Debt/Equity ratio of 0.64. This is a neutral value indicating ERO is somewhat dependend on debt financing.
  • ERO has a Debt to Equity ratio of 0.64. This is in the lower half of the industry: ERO underperforms 71.69% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 14.97
Altman-Z 2.92
ROIC/WACC0.9
WACC10.11%
ERO.CA Yearly LT Debt VS Equity VS FCFERO.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M

2.3 Liquidity

  • ERO has a Current Ratio of 0.82. This is a bad value and indicates that ERO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ERO has a Current ratio of 0.82. This is in the lower half of the industry: ERO underperforms 64.09% of its industry peers.
  • A Quick Ratio of 0.44 indicates that ERO may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.44, ERO is doing worse than 70.59% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.44
ERO.CA Yearly Current Assets VS Current LiabilitesERO.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. ERO.CA Growth Analysis

3.1 Past

  • ERO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 171.79%, which is quite impressive.
  • Measured over the past years, ERO shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.60% on average per year.
  • The Revenue has grown by 10.01% in the past year. This is quite good.
  • The Revenue has been growing by 10.55% on average over the past years. This is quite good.
EPS 1Y (TTM)171.79%
EPS 3Y-30.56%
EPS 5Y-2.6%
EPS Q2Q%511.76%
Revenue 1Y (TTM)10.01%
Revenue growth 3Y-1.36%
Revenue growth 5Y10.55%
Sales Q2Q%161.39%

3.2 Future

  • The Earnings Per Share is expected to grow by 33.36% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, ERO will show a quite strong growth in Revenue. The Revenue will grow by 16.99% on average per year.
EPS Next Y179.88%
EPS Next 2Y122.58%
EPS Next 3Y71.31%
EPS Next 5Y33.36%
Revenue Next Year59.92%
Revenue Next 2Y54.5%
Revenue Next 3Y34.4%
Revenue Next 5Y16.99%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ERO.CA Yearly Revenue VS EstimatesERO.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 200M 400M 600M 800M 1B
ERO.CA Yearly EPS VS EstimatesERO.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 1 2 3 4

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9

4. ERO.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.02 indicates a correct valuation of ERO.
  • Based on the Price/Earnings ratio, ERO is valued cheaply inside the industry as 94.85% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of ERO to the average of the S&P500 Index (26.29), we can say ERO is valued rather cheaply.
  • ERO is valuated cheaply with a Price/Forward Earnings ratio of 7.15.
  • Based on the Price/Forward Earnings ratio, ERO is valued cheaply inside the industry as 95.83% of the companies are valued more expensively.
  • ERO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.57.
Industry RankSector Rank
PE 13.02
Fwd PE 7.15
ERO.CA Price Earnings VS Forward Price EarningsERO.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 94.12% of the companies in the same industry are more expensive than ERO, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ERO indicates a rather cheap valuation: ERO is cheaper than 92.40% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 67.52
EV/EBITDA 13.19
ERO.CA Per share dataERO.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ERO has a very decent profitability rating, which may justify a higher PE ratio.
  • ERO's earnings are expected to grow with 71.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.07
PEG (5Y)N/A
EPS Next 2Y122.58%
EPS Next 3Y71.31%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. ERO.CA Dividend Analysis

5.1 Amount

  • No dividends for ERO!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ERO.CA Fundamentals: All Metrics, Ratios and Statistics

ERO COPPER CORP

TSX:ERO (3/6/2026, 7:00:00 PM)

37.64

-1.76 (-4.47%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-05
Earnings (Next)05-04
Inst Owners73.07%
Inst Owner ChangeN/A
Ins Owners5.86%
Ins Owner ChangeN/A
Market Cap3.92B
Revenue(TTM)470.26M
Net Income(TTM)137.81M
Analysts74
Price Target47.58 (26.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-16.33%
Min EPS beat(2)-43.87%
Max EPS beat(2)11.2%
EPS beat(4)2
Avg EPS beat(4)-0.33%
Min EPS beat(4)-44.95%
Max EPS beat(4)76.3%
EPS beat(8)4
Avg EPS beat(8)3.42%
EPS beat(12)5
Avg EPS beat(12)0.41%
EPS beat(16)6
Avg EPS beat(16)-7.74%
Revenue beat(2)0
Avg Revenue beat(2)-13.19%
Min Revenue beat(2)-19.98%
Max Revenue beat(2)-6.41%
Revenue beat(4)0
Avg Revenue beat(4)-11.85%
Min Revenue beat(4)-19.98%
Max Revenue beat(4)-3.77%
Revenue beat(8)1
Avg Revenue beat(8)-9.27%
Revenue beat(12)3
Avg Revenue beat(12)-7.14%
Revenue beat(16)4
Avg Revenue beat(16)-7.42%
PT rev (1m)20.39%
PT rev (3m)36.06%
EPS NQ rev (1m)8.42%
EPS NQ rev (3m)23.53%
EPS NY rev (1m)0%
EPS NY rev (3m)9.76%
Revenue NQ rev (1m)7.64%
Revenue NQ rev (3m)7.64%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)2.21%
Valuation
Industry RankSector Rank
PE 13.02
Fwd PE 7.15
P/S 4.89
P/FCF 67.52
P/OCF 8.81
P/B 3.25
P/tB 3.25
EV/EBITDA 13.19
EPS(TTM)2.89
EY7.68%
EPS(NY)5.26
Fwd EY13.99%
FCF(TTM)0.56
FCFY1.48%
OCF(TTM)4.27
OCFY11.35%
SpS7.69
BVpS11.57
TBVpS11.57
PEG (NY)0.07
PEG (5Y)N/A
Graham Number27.43
Profitability
Industry RankSector Rank
ROA 7.34%
ROE 15.57%
ROCE 10.86%
ROIC 9.11%
ROICexc 9.5%
ROICexgc 9.5%
OM 29.97%
PM (TTM) 23.43%
GM 39.72%
FCFM 7.25%
ROA(3y)3.34%
ROA(5y)9.91%
ROE(3y)6.26%
ROE(5y)18.84%
ROIC(3y)8.14%
ROIC(5y)19.2%
ROICexc(3y)9.9%
ROICexc(5y)23.79%
ROICexgc(3y)9.9%
ROICexgc(5y)23.79%
ROCE(3y)9.69%
ROCE(5y)22.87%
ROICexgc growth 3Y-45.44%
ROICexgc growth 5Y-14.21%
ROICexc growth 3Y-45.44%
ROICexc growth 5Y-14.21%
OM growth 3Y-22.63%
OM growth 5Y-1.37%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16.13%
GM growth 5Y-1.36%
F-Score8
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 14.97
Debt/EBITDA 2.1
Cap/Depr 297.66%
Cap/Sales 48.31%
Interest Coverage 4.25
Cash Conversion 120.25%
Profit Quality 30.94%
Current Ratio 0.82
Quick Ratio 0.44
Altman-Z 2.92
F-Score8
WACC10.11%
ROIC/WACC0.9
Cap/Depr(3y)480.9%
Cap/Depr(5y)425.39%
Cap/Sales(3y)82.97%
Cap/Sales(5y)64.48%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)171.79%
EPS 3Y-30.56%
EPS 5Y-2.6%
EPS Q2Q%511.76%
EPS Next Y179.88%
EPS Next 2Y122.58%
EPS Next 3Y71.31%
EPS Next 5Y33.36%
Revenue 1Y (TTM)10.01%
Revenue growth 3Y-1.36%
Revenue growth 5Y10.55%
Sales Q2Q%161.39%
Revenue Next Year59.92%
Revenue Next 2Y54.5%
Revenue Next 3Y34.4%
Revenue Next 5Y16.99%
EBIT growth 1Y69.59%
EBIT growth 3Y-23.68%
EBIT growth 5Y9.03%
EBIT Next Year202.19%
EBIT Next 3Y77.76%
EBIT Next 5Y36.17%
FCF growth 1Y115.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y121.29%
OCF growth 3Y-26.39%
OCF growth 5Y2.62%

ERO COPPER CORP / ERO.CA FAQ

What is the fundamental rating for ERO stock?

ChartMill assigns a fundamental rating of 6 / 10 to ERO.CA.


What is the valuation status of ERO COPPER CORP (ERO.CA) stock?

ChartMill assigns a valuation rating of 9 / 10 to ERO COPPER CORP (ERO.CA). This can be considered as Undervalued.


What is the profitability of ERO stock?

ERO COPPER CORP (ERO.CA) has a profitability rating of 8 / 10.


What is the valuation of ERO COPPER CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ERO COPPER CORP (ERO.CA) is 13.02 and the Price/Book (PB) ratio is 3.25.