Ero Copper Corp. (ERO) Financial Ratios
10 years of historical data (2016–2025) · Basic Materials · Copper
EV/EBITDA
↑
8.84
+10% vs avg
5yr avg: 8.01
30Y Low4.2·High14.9
P/FCF
↑
34.01
↑+70% vs avg
5yr avg: 19.95
30Y Low7.6·High77.2
P/B Ratio
↓
3.31
↑+25% vs avg
5yr avg: 2.64
30Y Low1.9·High8.4
ROE
↓
35.1%
↓+39% vs avg
5yr avg: 25.4%
30Y Low-12%·High66%
Debt/EBITDA
↑
1.54
↓-18% vs avg
5yr avg: 1.89
30Y Low0.2·High4.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ERO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ero Copper Corp. trades at 11.5x earnings, roughly in line with its 5-year average of 11.6x, sitting at the 29th percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a discount of 51%. On a free-cash-flow basis, the stock trades at 34.0x P/FCF, 70% above the 5-year average of 20.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.1B | $2.9B | $1.4B | $1.5B | $1.3B | $1.4B | $1.5B | $1.7B | $608M | $394M | — |
| Enterprise Value | $3.6B | $3.5B | $2.0B | $1.8B | $1.5B | $1.3B | $1.6B | $1.8B | $741M | $482M | — |
| P/E Ratio → | 11.53 | 10.97 | — | 16.11 | 12.50 | 6.92 | 28.96 | 18.04 | — | 17.54 | — |
| P/S Ratio | 3.88 | 3.68 | 2.96 | 3.51 | 2.97 | 2.84 | 4.62 | 5.85 | 2.61 | 2.65 | — |
| P/B Ratio | 3.31 | 3.15 | 2.35 | 1.85 | 2.34 | 3.52 | 6.99 | 8.36 | 5.85 | 3.03 | — |
| P/FCF | 34.01 | 32.30 | — | — | — | 7.61 | 33.22 | 77.24 | — | — | — |
| P/OCF | 8.65 | 8.22 | 9.56 | 9.19 | 8.84 | 3.81 | 9.19 | 13.03 | 7.33 | 18.53 | — |
P/E links to full P/E history page with 30-year chart
ERO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ero Copper Corp.'s enterprise value stands at 8.8x EBITDA, 10% above its 5-year average of 8.0x. The Basic Materials sector median is 11.0x, placing the stock at a 20% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.34 | 4.17 | 4.29 | 3.56 | 2.71 | 4.95 | 6.34 | 3.18 | 3.25 | — |
| EV / EBITDA | 8.84 | 8.46 | 9.50 | 9.79 | 8.14 | 4.17 | 14.45 | 14.95 | 7.98 | 14.89 | — |
| EV / EBIT | 13.42 | 12.84 | 18.39 | 14.02 | 10.30 | 5.47 | 22.40 | 18.70 | 42.03 | 26.81 | — |
| EV / FCF | — | 38.06 | — | — | — | 7.26 | 35.60 | 83.74 | — | — | — |
ERO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ero Copper Corp. earns an operating margin of 33.8%, significantly above the Basic Materials sector average of 10.3%. Operating margins have expanded from 22.3% to 33.8% over the past 3 years, signaling improving operational efficiency. Return on equity of 35.1% is exceptionally high. ROIC of 15.5% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.2% | 43.2% | 38.4% | 36.7% | 43.9% | 65.1% | 58.1% | 41.1% | 35.3% | 12.1% | — |
| Operating Margin | 33.8% | 33.8% | 25.7% | 22.3% | 29.9% | 55.3% | — | 27.5% | 19.8% | -5.1% | — |
| Net Profit Margin | 33.6% | 33.6% | -14.6% | 21.7% | 23.9% | 41.0% | 15.9% | 32.3% | -1.4% | 15.2% | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 35.1% | 35.1% | -9.8% | 13.7% | 21.7% | 66.0% | 25.0% | 60.7% | -2.7% | 29.2% | -12.3% |
| ROA | 15.9% | 15.9% | -4.6% | 6.9% | 10.8% | 33.9% | 10.8% | 22.3% | -0.9% | 6.4% | -0.9% |
| ROIC | 15.5% | 15.5% | 7.9% | 7.4% | 17.0% | 62.3% | — | 20.4% | 15.2% | -2.9% | -2.4% |
| ROCE | 18.6% | 18.6% | 9.4% | 7.9% | 15.7% | 55.8% | — | 23.0% | 14.8% | -3.3% | -4.1% |
ERO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ero Copper Corp. carries a Debt/EBITDA ratio of 1.5x, which is manageable (37% below the sector average of 2.4x). Net debt stands at $526M ($631M total debt minus $105M cash). Interest coverage of 12.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.67 | 1.05 | 0.55 | 0.79 | 0.17 | 0.79 | 0.82 | 1.47 | 1.07 | 6.65 |
| Debt / EBITDA | 1.54 | 1.54 | 3.01 | 2.38 | 2.30 | 0.21 | 1.53 | 1.35 | 1.64 | 4.30 | — |
| Net Debt / Equity | — | 0.56 | 0.96 | 0.41 | 0.46 | -0.16 | 0.50 | 0.70 | 1.28 | 0.68 | 5.90 |
| Net Debt / EBITDA | 1.28 | 1.28 | 2.76 | 1.79 | 1.35 | -0.20 | 0.97 | 1.16 | 1.44 | 2.72 | — |
| Debt / FCF | — | 5.77 | — | — | — | -0.35 | 2.38 | 6.50 | — | — | — |
| Interest Coverage | 12.26 | 12.26 | 58.76 | 10.23 | 6.98 | 43.38 | 5.99 | 6.41 | 1.18 | 0.85 | — |
ERO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.06x means Ero Copper Corp. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.63x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.15x to 1.06x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.06 | 1.06 | 0.67 | 1.15 | 3.04 | 1.70 | 1.39 | 0.94 | 0.85 | 1.77 | 0.29 |
| Quick Ratio | 0.63 | 0.63 | 0.47 | 0.90 | 2.80 | 1.49 | 1.11 | 0.69 | 0.60 | 1.62 | 0.27 |
| Cash Ratio | 0.40 | 0.40 | 0.24 | 0.64 | 2.46 | 1.06 | 0.68 | 0.29 | 0.31 | 0.92 | 0.10 |
| Asset Turnover | — | 0.42 | 0.32 | 0.28 | 0.36 | 0.71 | 0.65 | 0.62 | 0.65 | 0.39 | — |
| Inventory Turnover | 4.11 | 4.11 | 6.88 | 6.40 | 7.73 | 6.57 | 5.23 | 8.22 | 10.30 | 15.36 | 0.16 |
| Days Sales Outstanding | — | 22.54 | 31.25 | 24.14 | 28.06 | 34.13 | 41.00 | 35.08 | 17.47 | 9.64 | — |
ERO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ero Copper Corp. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 8.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.7% | 9.1% | — | 6.2% | 8.0% | 14.5% | 3.5% | 5.5% | — | 5.7% | — |
| FCF Yield | 2.9% | 3.1% | — | — | — | 13.1% | 3.0% | 1.3% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $104M | $103M | $95M | $92M | $91M | $92M | $91M | $84M | $66M | $49M |
Peer Comparison
Compare ERO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 EROYou | $3B | 11.5 | 8.8 | 34.0 | 43.2% | 33.8% | 35.1% | 15.5% | 1.5 |
 SCCO | $159B | 36.8 | 20.6 | 46.5 | 56.7% | 52.2% | 42.6% | 38.6% | 0.9 |
 FCX | $99B | 45.2 | 12.5 | 88.4 | 27.0% | 24.4% | 7.4% | 12.8% | 1.3 |
 TECK | $31B | 32.2 | 13.4 | — | 21.8% | 16.5% | 5.3% | 4.4% | 2.8 |
 HBM | $11B | 18.9 | 11.2 | 55.3 | 29.1% | 25.5% | 19.7% | 12.0% | 1.1 |
 RIO | $200B | 14.2 | 10.0 | 33.4 | 56.4% | 29.2% | 20.2% | 18.6% | 0.7 |
 BHP | $223B | 24.7 | 9.7 | 24.0 | 82.2% | 38.0% | 17.8% | 24.0% | 1.0 |
 VALE | $67B | 26.6 | 5.6 | 22.0 | 34.4% | 29.0% | 7.2% | 17.7% | 1.4 |
 SBSW | $7B | -23.4 | 4.4 | 66.8 | 23.8% | 18.5% | -10.4% | 22.9% | 1.4 |
 NGD | $7B | 64.9 | 17.7 | 59.1 | 53.2% | 44.4% | 57.9% | 29.5% | 0.4 |
 CDE | $11B | 19.5 | 11.0 | 17.1 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 10 years · Updated daily
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ERO — Frequently Asked Questions
Quick answers to the most common questions about buying ERO stock.
What is Ero Copper Corp.'s P/E ratio?
Ero Copper Corp.'s current P/E ratio is 11.5x. The historical average is 15.9x. This places it at the 29th percentile of its historical range.
What is Ero Copper Corp.'s EV/EBITDA?
Ero Copper Corp.'s current EV/EBITDA is 8.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.3x.
What is Ero Copper Corp.'s ROE?
Ero Copper Corp.'s return on equity (ROE) is 35.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 22.7%.
Is ERO stock overvalued?
Based on historical data, Ero Copper Corp. is trading at a P/E of 11.5x. This is at the 29th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Ero Copper Corp.'s profit margins?
Ero Copper Corp. has 43.2% gross margin and 33.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ero Copper Corp. have?
Ero Copper Corp.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.