Ero Copper Corp
TSX:ERO
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (10.4), the stock would be worth CA$45.75 (24% upside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 8.4 | CA$37.01 |
0%
|
| 3-Year Average | 10.4 | CA$45.75 |
+24%
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| 5-Year Average | 8.7 | CA$38.53 |
+4%
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| Industry Average | 9.7 | CA$42.62 |
+15%
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| Country Average | 10.2 | CA$44.91 |
+21%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
CA$4.7B
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/ |
Jan 2026
$387.4m
|
= |
|
|
CA$4.7B
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/ |
Dec 2026
$721m
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= |
|
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CA$4.7B
|
/ |
Dec 2027
$760.6m
|
= |
|
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CA$4.7B
|
/ |
Dec 2028
$715.5m
|
= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
Ero Copper Corp
TSX:ERO
|
3.9B CAD | 8.4 | 10.6 | |
| US |
|
Southern Copper Corp
NYSE:SCCO
|
149.3B USD | 19.2 | 34.4 | |
| US |
|
Freeport-McMoRan Inc
NYSE:FCX
|
88.3B USD | 10.6 | 40.2 | |
| UK |
|
Antofagasta PLC
LSE:ANTO
|
37.8B GBP | 10.1 | 37.5 | |
| CA |
|
Lundin Mining Corp
TSX:LUN
|
32.3B CAD | 11.7 | 18.1 | |
| CA |
|
First Quantum Minerals Ltd
TSX:FM
|
31.9B CAD | 16.6 | -822.7 | |
| CN |
|
Jiangxi Copper Co Ltd
SSE:600362
|
154.2B CNY | 11.6 | 21.6 | |
| PL |
|
KGHM Polska Miedz SA
WSE:KGH
|
64.7B PLN | 9.6 | 17.5 | |
| CN |
|
Tongling Nonferrous Metals Group Co Ltd
SZSE:000630
|
84.5B CNY | 16.7 | 45.1 | |
| DE |
A
|
Aurubis AG
XETRA:NDA
|
8.3B EUR | 8.1 | 13.8 | |
| AU |
|
OZ Minerals Ltd
ASX:OZL
|
9.4B AUD | 30.1 | 45.5 |
Market Distribution
| Min | 0 |
| 30th Percentile | 7 |
| Median | 10.2 |
| 70th Percentile | 14.5 |
| Max | 13 731.1 |
Other Multiples
Ero Copper Corp
Glance View
Ero Copper Corp. is a Canadian mining company that digs deep into the rich, red earth of Brazil, focusing its efforts on copper, gold, and silver production. The company's operational heart beats in the lush landscapes of the Curaçá Valley, where its cornerstone asset, the MCSA Mining Complex, is located. This area is renowned for its high-grade copper deposits and Ero Copper harnesses advanced mining techniques to sustainably extract and process copper ore. The production journey starts with the extraction of ore from mines, followed by crushing, grinding, and flotation processes to produce copper concentrate. This is then sold to smelters and refiners who further process it into pure copper, a commodity in high demand for electrical equipment, construction, and renewable energy systems. Ero Copper's business strategy revolves around maximizing the value of their mineral-rich assets, adopting technologies to enhance their extraction and processing efficiency, and expanding their mineral resource base. By reinvesting in exploration and drilling programs, the company continually extends the life of its mines, thus ensuring a steady flow of output. Aside from their copper operations, Ero Copper also cultivates potential revenue streams from the byproducts of its primary production, like gold and silver, which are integral to electronics and jewelry industries. By honing in on efficient operations, robust safety practices, and sustainability measures, Ero Copper solidifies its place in the global market as a significant copper producer, riding the wave of green energy demand where copper plays an essential role.