Ero Copper Corp
TSX:ERO

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Ero Copper Corp Logo
Ero Copper Corp
TSX:ERO
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Price: 35.45 CAD -1.72%
Market Cap: CA$3.7B

P/B

2.9
Current
7%
More Expensive
vs 3-y average of 2.7

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.9
=
Market Cap
CA$4.1B
/
Total Equity
$935.5m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.9
=
Market Cap
CA$4.1B
/
Total Equity
$935.5m

Valuation Scenarios

Ero Copper Corp is trading above its 3-year average

If P/B returns to its 3-Year Average (2.7), the stock would be worth CA$33.15 (6% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-7%
Maximum Upside
+47%
Average Upside
7%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.9 CA$35.45
0%
3-Year Average 2.7 CA$33.15
-6%
5-Year Average 2.7 CA$33.65
-5%
Industry Average 4.2 CA$52.23
+47%
Country Average 2.7 CA$32.95
-7%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
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Market Distribution

In line with most companies in Canada
Percentile
53nd
Based on 3 061 companies
53nd percentile
2.9
Low
0 — 1.6
Typical Range
1.6 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.6
Median 2.7
70th Percentile 4.9
Max 1 402.4

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 26%
Intrinsic Value
Price CA$35.45
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