Company Valuation: Ero Copper Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,731 1,698 2,146 2,002 4,034 3,734 - -
Change - -1.89% 26.37% -6.72% 101.5% -7.43% - -
Enterprise Value (EV) 1 1,649 1,837 2,570 2,788 4,722 4,178 3,536 3,101
Change - 11.41% 39.88% 8.51% 69.35% -11.51% -15.38% -12.28%
P/E ratio 6.77x 12.3x 15.9x -20.6x 11.2x 5.92x 5.7x 6.17x
PBR - - - - - - - -
PEG - -0.3x -1.2x 0x -0x 0.1x 1.46x -0.81x
Capitalization / Revenue 2.74x 2.9x 3.73x 2.99x 3.74x 2.18x 2.09x 2.18x
EV / Revenue 2.61x 3.14x 4.46x 4.16x 4.38x 2.44x 1.98x 1.81x
EV / EBITDA 3.85x 6.41x 10.4x 9.05x 8.41x 4.3x 3.26x 3.1x
EV / EBIT 4.7x 10.3x 19x 15.2x 11.7x 5.25x 4.13x 4.24x
EV / FCF 6.99x -8.74x -6.41x -10.2x 30.6x 12.2x 6.46x 5.73x
FCF Yield 14.3% -11.4% -15.6% -9.82% 3.27% 8.19% 15.5% 17.4%
Dividend per Share 2 - - - - - - 1.728 5.592
Rate of return - - - - - - 4.83% 15.6%
EPS 2 2.851 1.511 1.317 -0.9405 3.469 6.045 6.282 5.802
Distribution rate - - - - - - 27.5% 96.4%
Net sales 1 631.9 585.8 575.6 670.2 1,078 1,713 1,787 1,713
EBITDA 1 428.1 286.6 247 308.1 561.8 970.6 1,084 1,002
EBIT 1 351.1 178.3 135.2 183.5 403.1 795.9 855.1 731.5
Net income 1 259.4 139.9 125 -97.58 361.6 668.9 670.6 618.4
Net Debt 1 -82.25 138.8 423.5 786.3 687.9 444.2 -198.6 -632.9
Reference price 2 19.30 18.64 20.95 19.38 38.83 35.81 35.81 35.81
Nbr of stocks (in thousands) 89,696 91,113 102,448 103,304 103,890 104,278 - -
Announcement Date 3/8/22 3/7/23 3/7/24 3/6/25 3/5/26 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.92x2.44x4.3x-.--% 2.68B
31.14x5.52x8.53x1.41% 52.35B
72.02x4.59x13.24x0.05% 23.8B
11.2x3.18x5.2x4.47% 19.43B
7.15x1.51x4.44x0.54% 18.8B
13.38x4.4x8.49x-.--% 13.14B
13.52x - - 1.75% 10.74B
14.38x3.34x6.06x0.09% 10.19B
16.37x2.83x5.87x-.--% 7.32B
20.8x3.97x7.74x1.09% 6.43B
Average 20.59x 3.53x 7.10x 0.94% 16.49B
Weighted average by Cap. 26.89x 4.11x 7.94x 1.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Ero Copper Corp.