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

TSX:ERO • CA2960061091

43.28 CAD
+1.22 (+2.9%)
Last: Mar 4, 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

ERO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 816 industry peers in the Metals & Mining industry. ERO has an excellent profitability rating, but there are concerns on its financial health. ERO is growing strongly while it also seems undervalued. This is an interesting combination


Dividend Valuation Growth Profitability Health

8

1. ERO.CA Profitability Analysis

1.1 Basic Checks

  • In the past year ERO was profitable.
  • ERO had a positive operating cash flow in the past year.
  • ERO had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years ERO 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

  • Looking at the Return On Assets, with a value of 7.34%, ERO belongs to the top of the industry, outperforming 90.32% of the companies in the same industry.
  • With an excellent Return On Equity value of 15.57%, ERO belongs to the best of the industry, outperforming 92.77% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 9.11%, ERO belongs to the best of the industry, outperforming 93.38% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ERO is below the industry average of 12.59%.
  • The last Return On Invested Capital (9.11%) for ERO is above the 3 year average (8.14%), which is a sign of increasing profitability.
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

  • The Profit Margin of ERO (23.43%) is better than 94.12% of its industry peers.
  • The Operating Margin of ERO (29.97%) is better than 94.36% of its industry peers.
  • ERO's Operating Margin has been stable in the last couple of years.
  • ERO's Gross Margin of 39.72% is amongst the best of the industry. ERO outperforms 92.77% 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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • Compared to 1 year ago, ERO has more shares outstanding
  • The number of shares outstanding for ERO has been increased compared to 5 years ago.
  • The debt/assets ratio for ERO is higher compared to a year ago.
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 3.09 indicates that ERO is not in any danger for bankruptcy at the moment.
  • ERO has a Altman-Z score of 3.09. This is comparable 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.
  • With an excellent Debt to FCF ratio value of 14.97, ERO belongs to the best of the industry, outperforming 89.58% of the companies in the same industry.
  • A Debt/Equity ratio of 0.64 indicates that ERO is somewhat dependend on debt financing.
  • ERO has a worse Debt to Equity ratio (0.64) than 71.69% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.64
Debt/FCF 14.97
Altman-Z 3.09
ROIC/WACC0.9
WACC10.1%
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.
  • ERO has a worse Current ratio (0.82) than 64.09% of its industry peers.
  • A Quick Ratio of 0.44 indicates that ERO may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.44, ERO is not doing good in the industry: 70.59% of the companies in the same industry are doing better.
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

8

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 52.44%, 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 26.74% in the past year. This is a very strong growth!
  • The Revenue has been growing by 10.55% on average over the past years. This is quite good.
EPS 1Y (TTM)52.44%
EPS 3Y-30.56%
EPS 5Y-2.6%
EPS Q2Q%0%
Revenue 1Y (TTM)26.74%
Revenue growth 3Y-1.36%
Revenue growth 5Y10.55%
Sales Q2Q%41.86%

3.2 Future

  • Based on estimates for the next years, ERO will show a very strong growth in Earnings Per Share. The EPS will grow by 33.36% on average per year.
  • 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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

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8

4. ERO.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 25.31 indicates a quite expensive valuation of ERO.
  • ERO's Price/Earnings ratio is rather cheap when compared to the industry. ERO is cheaper than 91.67% of the companies in the same industry.
  • ERO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.03.
  • The Price/Forward Earnings ratio is 8.20, which indicates a very decent valuation of ERO.
  • ERO's Price/Forward Earnings ratio is rather cheap when compared to the industry. ERO is cheaper than 95.83% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.11. ERO is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 25.31
Fwd PE 8.2
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

  • ERO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ERO is cheaper than 93.63% of the companies in the same industry.
  • ERO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ERO is cheaper than 92.16% of the companies in the same industry.
Industry RankSector Rank
P/FCF 77.45
EV/EBITDA 14.25
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 excellent profitability rating of ERO may justify a higher PE ratio.
  • A more expensive valuation may be justified as ERO's earnings are expected to grow with 71.31% in the coming years.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y122.58%
EPS Next 3Y71.31%

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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 (3/4/2026, 7:00:00 PM)

43.28

+1.22 (+2.9%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-04
Earnings (Next)03-05
Inst Owners76%
Inst Owner ChangeN/A
Ins Owners5.99%
Ins Owner ChangeN/A
Market Cap4.51B
Revenue(TTM)588.23M
Net Income(TTM)137.81M
Analysts76
Price Target47.58 (9.94%)
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 25.31
Fwd PE 8.2
P/S 5.61
P/FCF 77.45
P/OCF 10.1
P/B 3.73
P/tB 3.73
EV/EBITDA 14.25
EPS(TTM)1.71
EY3.95%
EPS(NY)5.28
Fwd EY12.19%
FCF(TTM)0.56
FCFY1.29%
OCF(TTM)4.28
OCFY9.9%
SpS7.71
BVpS11.6
TBVpS11.6
PEG (NY)0.14
PEG (5Y)N/A
Graham Number21.13
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 3.09
F-Score8
WACC10.1%
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)52.44%
EPS 3Y-30.56%
EPS 5Y-2.6%
EPS Q2Q%0%
EPS Next Y179.88%
EPS Next 2Y122.58%
EPS Next 3Y71.31%
EPS Next 5Y33.36%
Revenue 1Y (TTM)26.74%
Revenue growth 3Y-1.36%
Revenue growth 5Y10.55%
Sales Q2Q%41.86%
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 8 / 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 25.31 and the Price/Book (PB) ratio is 3.73.