ERO COPPER CORP. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.23 CAD | +1.99% |
|
+5.33% | +44.30% |
| May. 08 | Transcript : Ero Copper Corp., Q1 2024 Earnings Call, May 08, 2024 | |
| May. 07 | Ero Copper's First-Quarter Profit Falls 25% Despite Higher Revenue but Tops Expectations | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,020 | 1,773 | 1,731 | 1,698 | 2,146 | 3,113 | - | - |
| Enterprise Value (EV) 1 | 2,211 | 1,905 | 1,649 | 1,837 | 2,570 | 3,647 | 3,302 | 2,860 |
| P/E ratio | 16.9 x | 29.3 x | 6.77 x | 12.3 x | 15.9 x | 16.1 x | 6.95 x | 6.52 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 5.13 x | 4.39 x | 2.74 x | 2.9 x | 3.73 x | 3.56 x | 2.34 x | 2.38 x |
| EV / Revenue | 5.61 x | 4.72 x | 2.61 x | 3.14 x | 4.46 x | 4.17 x | 2.48 x | 2.19 x |
| EV / EBITDA | 11.9 x | 7.38 x | 3.85 x | 6.41 x | 10.4 x | 8.16 x | 4.02 x | 3.43 x |
| EV / FCF | 74.1 x | 34 x | 6.99 x | -8.74 x | -6.41 x | -37.8 x | 8.98 x | 7.94 x |
| FCF Yield | 1.35% | 2.95% | 14.3% | -11.4% | -15.6% | -2.65% | 11.1% | 12.6% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 85,574 | 86,843 | 89,696 | 91,113 | 102,448 | 102,991 | - | - |
| Reference price 2 | 23.61 | 20.42 | 19.30 | 18.64 | 20.95 | 30.23 | 30.23 | 30.23 |
| Announcement Date | 3/12/20 | 3/16/21 | 3/8/22 | 3/7/23 | 3/7/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 394.1 | 403.8 | 631.9 | 585.8 | 575.6 | 873.7 | 1,333 | 1,307 |
| EBITDA 1 | 185.6 | 258 | 428.1 | 286.6 | 247 | 446.8 | 820.8 | 834.4 |
| EBIT 1 | 108.6 | 188.3 | 351.1 | 178.3 | 135.2 | 298.4 | 640.5 | 696.7 |
| Operating Margin | 27.55% | 46.64% | 55.56% | 30.44% | 23.49% | 34.16% | 48.06% | 53.3% |
| Earnings before Tax (EBT) | 103.6 | - | - | - | 151.3 | - | 610.4 | 683.3 |
| Net income 1 | 127.2 | 64.32 | 259.4 | 139.9 | 125 | 190.6 | 471.6 | 576.6 |
| Net margin | 32.27% | 15.93% | 41.05% | 23.88% | 21.71% | 21.82% | 35.38% | 44.11% |
| EPS 2 | 1.398 | 0.6977 | 2.851 | 1.511 | 1.317 | 1.876 | 4.351 | 4.636 |
| Free Cash Flow 1 | 29.83 | 56.11 | 235.7 | -210.1 | -400.7 | -96.48 | 367.8 | 360.2 |
| FCF margin | 7.57% | 13.9% | 37.31% | -35.87% | -69.6% | -11.04% | 27.59% | 27.56% |
| FCF Conversion (EBITDA) | 16.07% | 21.74% | 55.06% | - | - | - | 44.8% | 43.17% |
| FCF Conversion (Net income) | 23.46% | 87.23% | 90.88% | - | - | - | 77.98% | 62.48% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/12/20 | 3/16/21 | 3/8/22 | 3/7/23 | 3/7/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 174 | 141.4 | 147.7 | 117.3 | 160.3 | 134.9 | 140 | 145.1 | 156.7 | 144.9 | 178.6 | 257.9 | 320.9 | - | - |
| EBITDA 1 | 112 | 81.02 | 71.72 | 43.88 | 79.95 | 64.38 | 65.57 | 59.18 | 67.73 | 59.31 | 71.14 | 132.6 | 173.1 | 198.8 | 217.3 |
| EBIT | - | - | - | 31.15 | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | 26.55% | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | - | - | 5.463 | - | - | - | - | - | - | 32.71 | 60.21 | 89.77 | - | - |
| Net margin | - | - | - | 4.66% | - | - | - | - | - | - | 18.31% | 23.34% | 27.97% | - | - |
| EPS 2 | 0.8384 | 0.7403 | - | - | - | 0.3473 | - | - | - | -0.0959 | 0.5330 | 0.6420 | 1.079 | 1.109 | 1.157 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/8/22 | 5/9/22 | 8/2/22 | 11/1/22 | 3/7/23 | 5/8/23 | 8/3/23 | 11/2/23 | 3/7/24 | 5/7/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 191 | 132 | - | 139 | 423 | 533 | 189 | - |
| Net Cash position 1 | - | - | 82.3 | - | - | - | - | 253 |
| Leverage (Debt/EBITDA) | 1.028 x | 0.5099 x | - | 0.4842 x | 1.714 x | 1.193 x | 0.2303 x | - |
| Free Cash Flow 1 | 29.8 | 56.1 | 236 | -210 | -401 | -96.5 | 368 | 360 |
| ROE (net income / shareholders' equity) | 43.5% | - | - | - | 13.8% | 19% | 31% | 26% |
| ROA (Net income/ Total Assets) | 21% | - | - | - | - | - | - | - |
| Assets 1 | 606.5 | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 1.940 | 2.200 | 5.130 | 2.140 | 2.310 | 3.520 | 6.520 | 6.540 |
| Capex 1 | 147 | 147 | 235 | 408 | 620 | 460 | 290 | 293 |
| Capex / Sales | 37.32% | 36.35% | 37.12% | 69.62% | 107.75% | 52.61% | 21.79% | 22.39% |
| Announcement Date | 3/12/20 | 3/16/21 | 3/8/22 | 3/7/23 | 3/7/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
30.23
CAD
Average target price
31.79
CAD
Spread / Average Target
+5.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +44.30% | 2.28B | |
| +50.00% | 44.27B | |
| +35.75% | 28.28B | |
| +15.07% | 14.7B | |
| +80.00% | 11.83B | |
| +25.88% | 7.82B | |
| +26.52% | 7.27B | |
| +19.23% | 6.98B | |
| +68.68% | 6.01B | |
| +38.94% | 4.39B |
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- Financials Ero Copper Corp.