Cash flow Ero Copper Corp.

Equities

ERO

CA2960061091

Specialty Mining & Metals

Delayed Toronto S.E. Other stock markets 01:10:58 2025-06-17 pm EDT			5-day change	1st Jan Change
20.96 ^CAD	-2.38%		-3.28%	+8.15%

May. 06	Ero Copper Brief: National Bank Expects To See a Rebound In Valuation Multiple	MT
May. 06	Ero Copper Brief: But National Bank Also Notes More Certainty On FCF Inflection Through H2/25 and Fewer Concerns With Near Term Liquidity Needs	MT

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Published financial data: ERO COPPER CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	324M	490M	426M	427M	470M
Total Revenues	324M	490M	426M	427M	470M
Cost of Goods Sold, Total	136M	171M	239M	271M	290M
Gross Profit	188M	319M	187M	157M	181M
Selling General & Admin Expenses, Total	27.93M	38.85M	49.46M	52.43M	49.6M
Stock-Based Compensation (IS)	9.06M	7.85M	7.93M	9.22M	9.98M
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	12.05M
Other Operating Expenses	-7.98M	1.08M	2.19M	2.7M	2.34M
Other Operating Expenses, Total	29.01M	47.77M	59.58M	64.35M	73.97M
Operating Income	159M	271M	128M	92.5M	107M
Interest Expense, Total	-12.87M	-5.12M	-20.23M	-12.78M	-1.81M
Interest And Investment Income	1.35M	2.99M	10.3M	12.46M	4.3M
Net Interest Expenses	-11.52M	-2.13M	-9.94M	-311K	2.49M
Currency Exchange Gains (Loss)	-79.8M	-21.97M	19.91M	34.61M	-165M
Other Non Operating Income (Expenses)	-6.38M	-8.85M	-11.19M	-14.44M	-19.5M
EBT, Excl. Unusual Items	61.42M	238M	126M	112M	-75.44M
Merger & Related Restructuring Charges	-	-	-	-	-
Other Unusual Items	-	-1.22M	-	-	-
EBT, Incl. Unusual Items	61.42M	237M	126M	112M	-75.44M
Income Tax Expense	8.92M	34.29M	23.32M	18.05M	-7.65M
Earnings From Continuing Operations	52.5M	203M	103M	94.3M	-67.79M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	52.5M	203M	103M	94.3M	-67.79M
Minority Interest	-876K	-1.58M	-1.24M	-1.5M	-685K
Net Income - (IS)	51.62M	201M	102M	92.8M	-68.48M
Net Income to Common Incl Extra Items	51.62M	201M	102M	92.8M	-68.48M
Net Income to Common Excl. Extra Items	51.62M	201M	102M	92.8M	-68.48M
Per Share Items
Net EPS - Basic	0.6	2.27	1.12	0.99	-0.66
Basic EPS - Continuing Operations	0.6	2.27	1.12	0.99	-0.66
Basic Weighted Average Shares Outstanding	86.37M	88.6M	90.79M	94.11M	103M
Net EPS - Diluted	0.56	2.21	1.1	0.98	-0.66
Diluted EPS - Continuing Operations	0.56	2.21	1.1	0.98	-0.66
Diluted Weighted Average Shares Outstanding	92.21M	90.96M	92.17M	94.9M	103M
Normalized Basic EPS	0.43	1.66	0.86	0.73	-0.46
Normalized Diluted EPS	0.41	1.62	0.84	0.72	-0.46
Supplemental Items
EBITDA	195M	315M	181M	166M	192M
EBITA	159M	272M	130M	95.2M	109M
EBIT	159M	271M	128M	92.5M	107M
Effective Tax Rate - (Ratio)	14.53	14.47	18.45	16.06	10.14
Current Domestic Taxes	-	2.94M	4.17M	6.75M	5.1M
Current Foreign Taxes	9.68M	19.49M	10.88M	9.24M	12.56M
Total Current Taxes	9.68M	22.43M	15.04M	15.99M	17.66M
Deferred Domestic Taxes	-	-	-	-	-
Deferred Foreign Taxes	-750K	11.86M	8.27M	2.06M	-25.31M
Total Deferred Taxes	-750K	11.86M	8.27M	2.06M	-25.31M
Normalized Net Income	37.51M	147M	77.75M	68.72M	-47.84M
Interest Capitalized	-	-	6.2M	17M	36.5M
Interest on Long-Term Debt	11.83M	10.05M	34.72M	37.09M	18.75M
Supplemental Operating Expense Items
General and Administrative Expenses	27.93M	38.85M	49.46M	52.43M	49.6M
Maintenance & Repair Expenses, Total	14.67M	18.16M	26.37M	31.02M	31.97M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	9.06M	7.85M	7.93M	9.22M	9.98M
Total Stock-Based Compensation	9.06M	7.85M	7.93M	9.22M	9.98M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	62.51M	130M	178M	112M	50.4M
Short Term Investments	-	-	140M	-	-
Total Cash And Short Term Investments	62.51M	130M	317M	112M	50.4M
Accounts Receivable, Total	20.35M	30.7M	10.29M	5.71M	18.4M
Other Receivables	9.96M	15.11M	12.25M	14.22M	17.18M
Notes Receivable	-	-	10.24M	8.35M	4.68M
Total Receivables	30.31M	45.81M	32.78M	28.28M	40.26M
Inventory	25.5M	26.02M	30.96M	42.25M	42.09M
Prepaid Expenses	2.64M	5.86M	6.67M	4.72M	5.88M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	6.59M	860K	4.62M	12.5M	3.16M
Total Current Assets	128M	209M	392M	199M	142M
Gross Property Plant And Equipment	479M	638M	999M	1.61B	1.6B
Accumulated Depreciation	-125M	-161M	-228M	-332M	-329M
Net Property Plant And Equipment	355M	477M	771M	1.28B	1.27B
Long-term Investments	-	-	-	-	-
Goodwill	-	-	-	-	-
Loans Receivable Long-Term	-	-	-	9.07M	7.33M
Deferred Tax Assets Long-Term	14.22M	2.32M	-	1.32M	16.66M
Other Long-Term Assets, Total	609K	1.3M	24.69M	19.88M	22.4M
Total Assets	497M	690M	1.19B	1.51B	1.46B
Liabilities
Accounts Payable, Total	14.48M	24.01M	42.93M	74.88M	58.07M
Accrued Expenses, Total	35.48M	42.53M	41.67M	45.83M	43.82M
Short-term Borrowings	5.67M	-	-	-	-
Current Portion of Long-Term Debt	6.87M	4.34M	15.7M	20.38M	45.89M
Current Portion of Leases	1.4M	4.71M	6.22M	11M	10.9M
Current Income Taxes Payable	1.28M	7.19M	5.44M	4M	3.33M
Unearned Revenue Current, Total	-	10.51M	16.58M	17.16M	31.71M
Other Current Liabilities	26.54M	29.36M	577K	563K	17.98M
Total Current Liabilities	91.72M	123M	129M	174M	212M
Long-Term Debt	156M	54.91M	402M	406M	556M
Long-Term Leases	346K	2.4M	4.74M	8.61M	6.98M
Unearned Revenue Non Current	-	83.71M	69.48M	58.39M	48.23M
Deferred Tax Liability Non Current	-	-	6.23M	10.86M	-
Other Non Current Liabilities	35.4M	30.6M	33.99M	44.84M	43.74M
Total Liabilities	283M	294M	646M	702M	867M
Common Stock, Total	126M	133M	148M	271M	287M
Additional Paid In Capital	15.64M	12.17M	11.18M	8.5M	8.18M
Retained Earnings	154M	355M	457M	550M	481M
Comprehensive Income and Other	-82.93M	-107M	-77.37M	-25.11M	-189M
Total Common Equity	213M	393M	539M	804M	587M
Minority Interest	1.37M	2.43M	3.57M	5.08M	3.94M
Total Equity	214M	395M	542M	809M	591M
Total Liabilities And Equity	497M	690M	1.19B	1.51B	1.46B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	88.1M	90.23M	92.26M	103M	104M
ECS Total Common Shares Outstanding	87.88M	90.2M	92.18M	103M	104M
Book Value / Share	2.42	4.36	5.84	7.83	5.67
Tangible Book Value	213M	393M	539M	804M	587M
Tangible Book Value Per Share	2.42	4.36	5.84	7.83	5.67
Total Debt	170M	66.36M	429M	446M	620M
Net Debt	107M	-63.77M	112M	334M	570M
Minority Interest, Total (Incl. Fin. Div)	1.37M	2.43M	3.57M	5.08M	3.94M
Account Code - Inventory Valuation	6	6	-	6	6
Inventories - Work In Process, Total	5.23M	1.66M	1.23M	917K	3.05M
Inventories - Finished Goods, Total	1.07M	2.34M	4.55M	11.44M	5.04M
Inventories - Others	19.19M	22.02M	25.17M	29.89M	34M
Buildings, Total	14.88M	18.35M	22.04M	37.25M	36.59M
Machinery, Total	106M	145M	214M	312M	322M
Full Time Employees	2.46K	-	3.25K	3.37K	3.69K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	51.62M	201M	102M	92.8M	-68.48M
Depreciation & Amortization - CF	39.35M	47.29M	58.97M	83.02M	84.96M
Amortization of Goodwill and Intangible Assets - (CF)	-	1.08M	2.19M	2.7M	2.34M
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	12.05M
Depreciation & Amortization, Total	39.35M	48.37M	61.16M	85.73M	99.35M
(Gain) Loss on Sale of Investments - (CF)	-	-469K	-896K	-	-
Asset Writedown & Restructuring Costs	1.84M	-	-	-	-
Stock-Based Compensation (CF)	9.06M	7.85M	7.93M	9.22M	9.98M
Other Operating Activities, Total	70.49M	123M	-8.61M	-16.28M	130M
Change In Accounts Receivable	-13.27M	-12.18M	-1.87M	6.92M	-13.98M
Change In Inventories	-6.36M	-2.32M	-1.71M	-5.27M	-12.59M
Change In Accounts Payable	-3.88M	10.37M	-614K	1.67M	-4.14M
Change in Unearned Revenues	-	-	-	-	22.65M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	13.98M	-10.96M	-13.84M	-11.69M	-17.64M
Cash from Operations	163M	365M	143M	163M	145M
Capital Expenditure	-118M	-182M	-296M	-461M	-338M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	1.25M	2.3M	-130M	152M	2.2M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-117M	-180M	-426M	-308M	-335M
Long-Term Debt Issued, Total	69M	5.47M	401M	14.89M	213M
Total Debt Issued	69M	5.47M	401M	14.89M	213M
Long-Term Debt Repaid, Total	-61.76M	-118M	-63.08M	-19.66M	-54.17M
Total Debt Repaid	-61.76M	-118M	-63.08M	-19.66M	-54.17M
Issuance of Common Stock	4.4M	5.55M	8.8M	115M	8.36M
Other Financing Activities, Total	-11.35M	-8.37M	-19.92M	-32.96M	-36.3M
Cash from Financing	288K	-115M	327M	77.75M	131M
Foreign Exchange Rate Adjustments	-5.55M	-2.01M	2.69M	1.35M	-2.53M
Net Change in Cash	41.02M	67.62M	47.57M	-65.96M	-61.34M
Supplemental Items
Cash Interest Paid	9.69M	4.16M	15.38M	27.46M	32.17M
Cash Income Tax Paid (Refund)	1.8M	9.09M	-17.9M	5.56M	8.2M
Levered Free Cash Flow	31.16M	62.91M	-163M	-293M	-154M
Unlevered Free Cash Flow	39.2M	66.12M	-150M	-285M	-153M
Change In Net Working Capital	-9.14M	-22.3M	2.88M	-22.5M	-8.85M
Net Debt Issued / Repaid	7.24M	-113M	338M	-4.77M	159M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	20.72	28.55	8.49	4.28	4.49
Return on Total Capital	26.6	40.06	11.13	5.19	5.4
Return On Equity %	25.41	66.48	21.98	13.96	-9.68
Return on Common Equity	25.12	66.38	21.86	13.82	-9.84
Margin Analysis
Gross Profit Margin %	58.05	65.08	43.9	36.69	38.39
SG&A Margin	8.62	7.93	11.6	12.26	10.55
EBITDA Margin %	60.05	64.21	42.5	38.75	40.8
EBITA Margin %	49.1	55.55	30.44	22.27	23.16
EBIT Margin %	49.1	55.33	29.92	21.64	22.66
Income From Continuing Operations Margin %	16.2	41.36	24.17	22.06	-14.42
Net Income Margin %	15.93	41.04	23.88	21.71	-14.56
Net Avail. For Common Margin %	15.93	41.04	23.88	21.71	-14.56
Normalized Net Income Margin	11.58	30.06	18.24	16.08	-10.17
Levered Free Cash Flow Margin	9.61	12.84	-38.11	-68.63	-32.73
Unlevered Free Cash Flow Margin	12.1	13.5	-35.15	-66.76	-32.49
Asset Turnover
Asset Turnover	0.68	0.83	0.45	0.32	0.32
Fixed Assets Turnover	0.9	1.18	0.68	0.42	0.37
Receivables Turnover (Average Receivables)	23.12	19.19	20.8	53.44	39.01
Inventory Turnover (Average Inventory)	6.06	6.64	8.4	7.39	6.87
Short Term Liquidity
Current Ratio	1.39	1.7	3.04	1.15	0.67
Quick Ratio	1.01	1.43	2.63	0.76	0.41
Operating Cash Flow to Current Liabilities	1.78	2.97	1.11	0.94	0.69
Days Sales Outstanding (Average Receivables)	15.83	19.02	17.55	6.83	9.38
Days Outstanding Inventory (Average Inventory)	60.41	54.96	43.47	49.37	53.28
Average Days Payable Outstanding	46.75	40.94	51.08	79.45	84.02
Cash Conversion Cycle (Average Days)	29.49	33.04	9.93	-23.26	-21.36
Long Term Solvency
Total Debt/Equity	79.34	16.78	79.13	55.09	104.91
Total Debt / Total Capital	44.24	14.37	44.17	35.52	51.2
LT Debt/Equity	72.83	14.49	75.09	51.21	95.3
Long-Term Debt / Total Capital	40.61	12.41	41.92	33.02	46.51
Total Liabilities / Total Assets	56.94	42.66	54.37	46.46	59.46
EBIT / Interest Expense	12.36	52.94	6.31	7.24	58.76
EBITDA / Interest Expense	15.42	62.38	9.33	13.95	113.53
(EBITDA - Capex) / Interest Expense	6.27	26.87	-5.29	-22.11	-72.57
Total Debt / EBITDA	0.86	0.21	2.27	2.5	3.01
Net Debt / EBITDA	0.54	-0.2	0.59	1.87	2.77
Total Debt / (EBITDA - Capex)	2.11	0.48	-4.01	-1.58	-4.71
Net Debt / (EBITDA - Capex)	1.33	-0.46	-1.04	-1.18	-4.33
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	13.77	51.17	-12.97	0.26	10.01
Gross Profit, 1 Yr. Growth %	60.71	69.48	-41.3	-16.2	15.12
EBITDA, 1 Yr. Growth %	40.18	60.9	-42.39	-8.59	12.73
EBITA, 1 Yr. Growth %	64.85	70.07	-52.31	-26.65	14.42
EBIT, 1 Yr. Growth %	64.85	70.36	-52.93	-27.51	15.23
Earnings From Cont. Operations, 1 Yr. Growth %	-43.22	285.98	-49.14	-8.5	-171.88
Net Income, 1 Yr. Growth %	-43.82	289.47	-49.35	-8.86	-173.78
Normalized Net Income, 1 Yr. Growth %	-20.71	292.55	-47.2	-11.62	-169.61
Diluted EPS Before Extra, 1 Yr. Growth %	-44.55	294.64	-50.23	-10.91	-167.77
Accounts Receivable, 1 Yr. Growth %	165.01	50.86	-66.49	-44.5	222.22
Inventory, 1 Yr. Growth %	31.58	2.05	18.97	36.5	-0.38
Net Property, Plant and Equip., 1 Yr. Growth %	-2.92	34.6	61.47	66.28	-0.94
Total Assets, 1 Yr. Growth %	7.44	38.76	72.24	27.24	-3.55
Tangible Book Value, 1 Yr. Growth %	7.3	84.79	37.03	49.32	-27
Common Equity, 1 Yr. Growth %	7.3	84.79	37.03	49.32	-27
Cash From Operations, 1 Yr. Growth %	27.39	123.9	-60.67	13.75	-10.84
Capital Expenditures, 1 Yr. Growth %	10.85	54.35	62.69	55.72	-26.72
Levered Free Cash Flow, 1 Yr. Growth %	-290.02	96.25	-358.29	79.91	-46.71
Unlevered Free Cash Flow, 1 Yr. Growth %	-588.71	64.87	-326.66	90.44	-45.6
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	17.91	31.15	14.7	-6.59	5.02
Gross Profit, 2 Yr. CAGR %	51.26	65.04	-0.26	-29.86	-1.78
EBITDA, 2 Yr. CAGR %	45.81	50.53	-3.72	-27.43	2.89
EBITA, 2 Yr. CAGR %	85.52	67.91	-9.94	-40.86	-8.39
EBIT, 2 Yr. CAGR %	85.52	67.58	-10.46	-41.59	-8.6
Earnings From Cont. Operations, 2 Yr. CAGR %	318.95	48.04	40.12	-31.78	-18.9
Net Income, 2 Yr. CAGR %	304.5	47.92	40.45	-32.06	-18
Normalized Net Income, 2 Yr. CAGR %	176.08	76.43	43.97	-31.69	-21.56
Diluted EPS Before Extra, 2 Yr. CAGR %	274.17	47.92	40.15	-33.41	-22.3
Accounts Receivable, 2 Yr. CAGR %	67.91	99.95	-28.9	-56.88	33.72
Inventory, 2 Yr. CAGR %	31.94	15.88	10.19	27.44	16.61
Net Property, Plant and Equip., 2 Yr. CAGR %	7.6	14.31	47.42	63.86	28.34
Total Assets, 2 Yr. CAGR %	17.44	22.1	54.6	48.04	10.78
Tangible Book Value, 2 Yr. CAGR %	43.34	40.82	59.13	43.04	4.41
Common Equity, 2 Yr. CAGR %	43.34	40.82	59.13	43.04	4.41
Cash From Operations, 2 Yr. CAGR %	40.12	68.88	-6.16	-33.12	0.71
Capital Expenditures, 2 Yr. CAGR %	7.91	30.8	58.46	59.17	6.83
Levered Free Cash Flow, 2 Yr. CAGR %	30.15	95.88	125.14	115.94	-2.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	108.23	187.1	93.31	107.76	0.97
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	29.79	28.09	14.39	9.67	-1.36
Gross Profit, 3 Yr. CAGR %	118.61	57.11	16.93	-5.88	-17.27
EBITDA, 3 Yr. CAGR %	81.91	50.91	9.29	-5.37	-15.2
EBITA, 3 Yr. CAGR %	201.4	80.56	10.37	-15.9	-26.31
EBIT, 3 Yr. CAGR %	201.4	80.32	9.75	-16.54	-26.74
Earnings From Cont. Operations, 3 Yr. CAGR %	44.27	307.66	3.69	21.56	-30.58
Net Income, 3 Yr. CAGR %	31.96	299.43	3.49	21.59	-30.16
Normalized Net Income, 3 Yr. CAGR %	47.3	210.45	18.01	22.36	-31.26
Diluted EPS Before Extra, 3 Yr. CAGR %	18.1	280.87	2.89	20.51	-33.02
Accounts Receivable, 3 Yr. CAGR %	109.39	62.02	10.24	-34.54	-15.69
Inventory, 3 Yr. CAGR %	44.34	21.12	16.9	18.34	17.39
Net Property, Plant and Equip., 3 Yr. CAGR %	8.12	15.94	28.26	53.46	38.55
Total Assets, 3 Yr. CAGR %	9.24	24.15	36.94	44.88	28.34
Tangible Book Value, 3 Yr. CAGR %	17.84	56	39.54	55.79	14.31
Common Equity, 3 Yr. CAGR %	17.84	56	39.54	55.79	14.31
Cash From Operations, 3 Yr. CAGR %	67.37	63.81	3.9	0.05	-26.39
Capital Expenditures, 3 Yr. CAGR %	22.52	21.58	40.67	57.54	22.91
Levered Free Cash Flow, 3 Yr. CAGR %	-25.31	50.67	114.8	109.17	34.75
Unlevered Free Cash Flow, 3 Yr. CAGR %	-15.63	94.1	165.35	92.35	32.21
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	23.53	12.89	10.55
Gross Profit, 5 Yr. CAGR %	-	-	59.72	13.79	9.05
EBITDA, 5 Yr. CAGR %	-	113.62	41.16	12.6	6.68
EBITA, 5 Yr. CAGR %	-	101	86.11	15.54	2.44
EBIT, 5 Yr. CAGR %	-	100.84	85.48	14.88	2
Earnings From Cont. Operations, 5 Yr. CAGR %	-	109.01	42.59	99.41	-6.02
Net Income, 5 Yr. CAGR %	-	113.16	35.29	96.66	-5.71
Normalized Net Income, 5 Yr. CAGR %	-	122.84	45.96	69.43	0.22
Diluted EPS Before Extra, 5 Yr. CAGR %	-	27.89	26.47	89.6	-8.04
Accounts Receivable, 5 Yr. CAGR %	-	-	35.93	-4.58	19.09
Inventory, 5 Yr. CAGR %	-	38.09	29.56	23.6	16.78
Net Property, Plant and Equip., 5 Yr. CAGR %	-	12.8	22.4	33.14	28.29
Total Assets, 5 Yr. CAGR %	-	16.67	25.52	33.21	25.81
Tangible Book Value, 5 Yr. CAGR %	-	73.81	32.88	50.68	24.26
Common Equity, 5 Yr. CAGR %	-	73.81	32.88	50.68	24.26
Cash From Operations, 5 Yr. CAGR %	-	94.55	32.79	14.48	2.61
Capital Expenditures, 5 Yr. CAGR %	-	259.46	35.8	35.41	26.01
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	16.79	74	56.5
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	18.09	99.46	80.29