Financials Southern Copper Corporation

Equities

SCCO

US84265V1052

Specialty Mining & Metals

Market Closed - Nyse Other stock markets 04:00:02 2024-12-12 pm EST			5-day change	1st Jan Change
101.53 ^USD	-1.91%		+0.31%	+20.60%

Dec. 12	Morgan Stanley Upgrades Southern Copper to Equalweight From Underweight	MT
Dec. 02	JPMorgan Upgrades Southern Copper to Neutral From Underweight, Price Target is $92.50	MT

Projected Income Statement: Southern Copper Corporation

income-statement-evolution-chart SOUTHERN-COPPER-CORPORATI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,286	7,985	10,934	10,048	9,896	11,745	12,119	12,466
Change	-	9.6%	36.93%	-8.1%	-1.51%	18.68%	3.19%	2.86%
EBITDA ¹	3,527	3,869	6,853	5,365	5,030	6,662	6,985	6,957
Change	-	9.69%	77.13%	-21.71%	-6.26%	32.46%	4.85%	-0.4%
EBIT ¹	2,753	3,121	6,065	4,436	4,192	5,862	6,254	6,528
Change	-	13.36%	94.35%	-26.86%	-5.49%	39.83%	6.68%	4.38%
Interest Paid ¹	-340.7	-366.6	-349.9	-352	-240.1	-225	-214.6	-233.6
Earnings before Tax (EBT) ¹	2,426	2,746	5,697	4,264	3,956	5,701	5,955	6,354
Change	-	13.16%	107.47%	-25.15%	-7.23%	44.12%	4.46%	6.68%
Net income ¹	1,486	1,570	3,387	2,638	2,425	3,547	3,672	3,949
Change	-	5.69%	115.68%	-22.1%	-8.08%	46.26%	3.53%	7.55%
Announcement Date	2/25/20	1/25/21	2/1/22	2/2/23	2/2/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	1,855	1,720	1,785	2,129	2,351	2,532	2,897	2,681	2,824	2,764	2,307	2,157	2,820	2,794	2,301	2,506	2,296	2,600	3,118	2,931	2,900	2,947	3,095	3,147	3,106	3,232	3,232	3,232
Change	-	-7.27%	3.82%	19.25%	10.41%	7.73%	14.39%	-7.46%	5.33%	-2.12%	-16.53%	-6.5%	30.76%	-0.94%	-17.65%	8.91%	-8.38%	13.25%	19.94%	-6.01%	-1.06%	1.62%	5.02%	1.68%	-1.27%	4.06%	0%	0%
EBITDA ¹	786.7	718.8	770	1,126	1,254	1,554	1,862	1,709	1,726	1,678	1,018	1,018	1,648	1,568	1,110	1,291	1,056	1,418	1,797	1,685	1,600	1,550	1,679	1,673	1,808	1,896	1,890	1,883
Change	-	-8.63%	7.12%	46.22%	11.39%	23.95%	19.81%	-8.22%	1.01%	-2.79%	-39.38%	0.04%	61.85%	-4.83%	-29.21%	16.28%	-18.22%	34.32%	26.75%	-6.25%	-5.05%	-3.12%	8.37%	-0.37%	8.04%	4.9%	-0.34%	-0.35%
EBIT ¹	631.9	533.3	577.2	943.9	1,066	1,352	1,675	1,508	1,531	1,470	808.5	825.9	1,370	1,354	900.7	1,069	868.7	1,190	1,607	1,450	1,513	1,397	1,581	1,597	1,598	1,681	1,675	1,668
Change	-	-15.6%	8.23%	63.53%	12.98%	26.74%	23.94%	-9.99%	1.51%	-3.95%	-45%	2.15%	65.88%	-1.19%	-33.46%	18.71%	-18.75%	36.95%	35.1%	-9.77%	4.31%	-7.63%	13.14%	1.04%	0.01%	5.23%	-0.39%	-0.39%
Charge d'intérêts ¹	-95.1	-89	-92.1	-89.2	-88.6	-87.2	-88	-87.4	-87.4	-	-92.3	-76.4	-77	-61.4	-58.4	-60.7	-59.6	-53.2	-67.6	-44.8	-65	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	515.9	436.9	488.4	843.5	977	1,267	1,579	1,418	1,432	1,399	731.5	749.5	1,364	1,303	847.9	1,017	787.7	-	1,531	1,427	1,339	1,295	1,425	1,417	1,548	1,622	1,615	1,606
Change	-	-15.31%	11.79%	72.71%	15.83%	29.65%	24.65%	-10.16%	0.99%	-2.36%	-47.7%	2.46%	82.03%	-4.51%	-34.92%	19.99%	-22.58%	-100%	-	-6.79%	-6.17%	-3.23%	10.01%	-0.57%	9.21%	4.78%	-0.4%	-0.56%
Net income ¹	305.7	214.8	259.5	506	590.2	763.8	932.7	867.6	833	784.7	432.3	519	902.4	813.2	547.5	619.5	445	736	950.2	896.7	815.5	799.9	880	875	955.6	1,001	997.3	991.7
Change	-	-29.74%	20.81%	94.99%	16.64%	29.41%	22.11%	-6.98%	-3.99%	-5.8%	-44.91%	20.06%	73.87%	-9.88%	-32.67%	13.15%	-28.17%	65.39%	29.1%	-5.63%	-9.06%	-1.91%	10.01%	-0.57%	9.21%	4.78%	-0.4%	-0.56%
Announcement Date	2/25/20	4/24/20	7/28/20	10/26/20	1/25/21	4/27/21	7/26/21	10/26/21	2/1/22	5/3/22	7/27/22	10/28/22	2/2/23	4/27/23	7/27/23	10/25/23	2/2/24	4/25/24	7/19/24	10/22/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Southern Copper Corporation

balance-sheet-analysis-chart SOUTHERN-COPPER-CORPORATI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	4,935	3,950	2,759	4,747	5,103	3,215	2,647	1,464
Change	-	-19.96%	-30.15%	72.06%	7.5%	-37%	-17.67%	-44.69%
Announcement Date	2/25/20	1/25/21	2/1/22	2/2/23	2/2/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Southern Copper Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	707.5	592.2	892.3	948.5	1,009	1,072	1,323	1,480
Change	-	-16.3%	50.68%	6.3%	6.34%	6.25%	23.42%	11.87%
Free Cash Flow (FCF) ¹	1,204	2,191	3,400	1,854	2,564	3,224	3,347	3,592
Change	-	81.93%	55.17%	-45.47%	38.32%	25.74%	3.79%	7.33%
Announcement Date	2/25/20	1/25/21	2/1/22	2/2/23	2/2/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Southern Copper Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	48.41%	48.45%	62.67%	53.4%	50.82%	56.72%	57.64%	55.81%
EBIT Margin (%)	37.79%	39.08%	55.47%	44.15%	42.36%	49.91%	51.6%	52.37%
EBT Margin (%)	33.31%	34.39%	52.1%	42.44%	39.97%	48.54%	49.14%	50.97%
Net margin (%)	20.39%	19.67%	30.98%	26.26%	24.51%	30.2%	30.3%	31.68%
FCF margin (%)	16.53%	27.44%	31.1%	18.45%	25.92%	27.45%	27.61%	28.81%
FCF / Net Income (%)	81.06%	139.53%	100.38%	70.27%	105.74%	90.9%	91.13%	90.95%
Profitability
ROA	9.68%	9.5%	19.28%	14.83%	14.26%	19.3%	17.61%	15.38%
ROE	22.21%	22.38%	44.19%	32.51%	31.3%	41.93%	35.52%	31.84%
Financial Health
Leverage (Debt/EBITDA)	1.4x	1.02x	0.4x	0.88x	1.01x	0.48x	0.38x	0.21x
Debt / Free cash flow	4.1x	1.8x	0.81x	2.56x	1.99x	1x	0.79x	0.41x
Capital Intensity
CAPEX / Current Assets (%)	9.71%	7.42%	8.16%	9.44%	10.19%	9.12%	10.91%	11.87%
CAPEX / EBITDA (%)	20.06%	15.31%	13.02%	17.68%	20.05%	16.09%	18.94%	21.27%
CAPEX / FCF (%)	58.74%	27.03%	26.24%	51.16%	39.33%	33.23%	39.52%	41.19%
Items per share
Cash flow per share ¹	2.419	3.522	5.431	3.546	4.521	5.15	5.713	5.5
Change	-	45.58%	54.21%	-34.71%	27.5%	13.92%	10.94%	-3.72%
Dividend per Share ¹	1.565	1.467	3.13	3.423	3.913	2.248	3.307	3.357
Change	-	-6.25%	113.33%	9.38%	14.29%	-42.54%	47.1%	1.51%
Book Value Per Share ¹	8.616	9.141	10.31	10.23	9.385	11.75	12.68	14.24
Change	-	6.09%	12.79%	-0.8%	-8.24%	25.21%	7.86%	12.33%
EPS ¹	1.878	1.986	4.294	3.335	3.071	4.502	4.79	4.659
Change	-	5.73%	116.26%	-22.32%	-7.92%	46.58%	6.4%	-2.74%
Nbr of stocks (in thousands)	790,343	790,357	790,366	790,383	790,396	790,411	790,411	790,411
Announcement Date	2/25/20	1/25/21	2/1/22	2/2/23	2/2/24	-	-	-