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

5

We assign a fundamental rating of 5 out of 10 to ERO. ERO was compared to 815 industry peers in the Metals & Mining industry. While ERO has a great profitability rating, there are quite some concerns on its financial health. ERO is valued quite cheap, but it does not seem to be growing.


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.
  • ERO had a positive operating cash flow in 4 of the past 5 years.
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's Return On Assets of 7.34% is amongst the best of the industry. ERO outperforms 90.31% of its industry peers.
  • ERO has a better Return On Equity (15.57%) than 92.64% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 9.11%, ERO belongs to the top of the industry, outperforming 93.37% of the companies in the same industry.
  • ERO had an Average Return On Invested Capital over the past 3 years of 8.14%. This is below the industry average of 12.69%.
  • 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 94.11% of its industry peers.
  • ERO has a Operating Margin of 29.97%. This is amongst the best in the industry. ERO outperforms 94.11% of its industry peers.
  • In the last couple of years the Operating Margin of ERO has remained more or less at the same level.
  • ERO has a better Gross Margin (39.72%) than 92.52% of its industry peers.
  • In the last couple of years the Gross Margin of ERO has remained more or less at the same level.
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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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

  • ERO has an Altman-Z score of 2.83. This is not the best score and indicates that ERO is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.83, ERO perfoms like the industry average, outperforming 47.48% of the companies in the same industry.
  • 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.
  • ERO's Debt to FCF ratio of 14.97 is amongst the best of the industry. ERO outperforms 89.82% of its industry peers.
  • A Debt/Equity ratio of 0.64 indicates that ERO is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.64, ERO is not doing good in the industry: 71.66% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 14.97
Altman-Z 2.83
ROIC/WACC0.89
WACC10.25%
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

  • A Current Ratio of 0.82 indicates that ERO may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.82, ERO is doing worse than 64.17% of the companies in the same industry.
  • 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 70.18% 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

3

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.
  • The Earnings Per Share has been growing by 11.14% on average over the past years. This is quite good.
EPS 1Y (TTM)171.79%
EPS 3Y32.57%
EPS 5Y11.14%
EPS Q2Q%511.76%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%161.39%

3.2 Future

  • Based on estimates for the next years, ERO will show a decrease in Earnings Per Share. The EPS will decrease by -1.37% on average per year.
  • The Revenue is expected to grow by 4.45% on average over the next years.
EPS Next Y92.19%
EPS Next 2Y42.52%
EPS Next 3Y17.17%
EPS Next 5Y-1.37%
Revenue Next Year54.77%
Revenue Next 2Y24.41%
Revenue Next 3Y10.21%
Revenue Next 5Y4.45%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 cheaper than 95.09% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.29. ERO is valued rather cheaply when compared to this.
  • ERO is valuated cheaply with a Price/Forward Earnings ratio of 6.77.
  • Based on the Price/Forward Earnings ratio, ERO is valued cheaply inside the industry as 96.32% 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 24.60.
Industry RankSector Rank
PE 13.02
Fwd PE 6.77
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

  • Based on the Enterprise Value to EBITDA ratio, ERO is valued cheaply inside the industry as 93.99% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ERO indicates a rather cheap valuation: ERO is cheaper than 92.02% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 67.39
EV/EBITDA 12.68
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.
  • The decent profitability rating of ERO may justify a higher PE ratio.
  • ERO's earnings are expected to grow with 17.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)1.17
EPS Next 2Y42.52%
EPS Next 3Y17.17%

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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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)N/A
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)3.09%
PT rev (3m)26.08%
EPS NQ rev (1m)8.95%
EPS NQ rev (3m)7.56%
EPS NY rev (1m)-0.22%
EPS NY rev (3m)1.46%
Revenue NQ rev (1m)7.64%
Revenue NQ rev (3m)7.64%
Revenue NY rev (1m)-1.11%
Revenue NY rev (3m)-1.37%
Valuation
Industry RankSector Rank
PE 13.02
Fwd PE 6.77
P/S 4.88
P/FCF 67.39
P/OCF 8.79
P/B 3.25
P/tB 3.25
EV/EBITDA 12.68
EPS(TTM)2.89
EY7.68%
EPS(NY)5.56
Fwd EY14.78%
FCF(TTM)0.56
FCFY1.48%
OCF(TTM)4.28
OCFY11.38%
SpS7.71
BVpS11.6
TBVpS11.6
PEG (NY)0.14
PEG (5Y)1.17
Graham Number27.46
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 2.83
F-Score8
WACC10.25%
ROIC/WACC0.89
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 3Y32.57%
EPS 5Y11.14%
EPS Q2Q%511.76%
EPS Next Y92.19%
EPS Next 2Y42.52%
EPS Next 3Y17.17%
EPS Next 5Y-1.37%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%161.39%
Revenue Next Year54.77%
Revenue Next 2Y24.41%
Revenue Next 3Y10.21%
Revenue Next 5Y4.45%
EBIT growth 1Y69.59%
EBIT growth 3Y-23.68%
EBIT growth 5Y9.03%
EBIT Next Year199.83%
EBIT Next 3Y77.81%
EBIT Next 5Y37.2%
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 5 / 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 7 / 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.