Ero Copper Corp
TSX:ERO

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Ero Copper Corp Logo
Ero Copper Corp
TSX:ERO
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Price: 34.42 CAD -1.97% Market Closed
Market Cap: CA$3.6B

EV/GP

8.8
Current
24%
Cheaper
vs 3-y average of 11.5

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
8.8
=
Enterprise Value
CA$4.7B
/
Gross Profit
$345.7m

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
8.8
=
Enterprise Value
CA$4.7B
/
Gross Profit
$345.7m

Valuation Scenarios

Ero Copper Corp is trading below its 3-year average

If EV/GP returns to its 3-Year Average (11.5), the stock would be worth CA$45.03 (31% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-25%
Maximum Upside
+31%
Average Upside
8%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 8.8 CA$34.42
0%
3-Year Average 11.5 CA$45.03
+31%
5-Year Average 9.6 CA$37.48
+9%
Industry Average 10.3 CA$40.11
+17%
Country Average 6.6 CA$25.87
-25%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close

Market Distribution

In line with most companies in Canada
Percentile
61st
Based on 1 947 companies
61st percentile
8.8
Low
0.1 — 3.8
Typical Range
3.8 — 10.6
High
10.6 —
Distribution Statistics
Canada
Min 0.1
30th Percentile 3.8
Median 6.6
70th Percentile 10.6
Max 259 067.6

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.

ERO Intrinsic Value
48.08 CAD
Undervaluation 28%
Intrinsic Value
Price CA$34.42
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