Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Ero Copper Corp. is a Canada-based base metals mining company focused on the production and sale of copper, with gold and silver as by-products. Its primary operations are in Brazil, centered on the Caraiba Operations in northeastern Bahia State, which include the Pilar and Vermelhos underground mines, the Surubim open pit mine, and associated processing facilities. The company also manages the Xavantina Operations, a gold and silver mine in Mato Grosso, and the Tucuma Project, a development-stage copper initiative in Para State. Ero Copper Corp. engages in the exploration, development, and mining of mineral properties, emphasizing clean copper production through its majority interest in Mineracao Caraiba S.A. These segments contribute to its role in the global copper supply chain, serving the basic materials sector within the specialty mining and metals industry. Headquartered in Vancouver, Canada, the company operates as a key player in Brazil's copper mining landscape.
$37.37
$0.20 (-0.53%)
EOD Jun 25, 2026 · Twelve Data
Margins and capital returns are both well above average: 33.99% operating margin, ROIC at 15.49%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 67.1% YoY with margins expanding 8.8pp.
Net debt of $527M represents 4.7x FCF, leverage limits flexibility.
9.3x earnings, 19.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$924M
▲ +67.1% YoY
Net Income (TTM)
$296M
▲ +493.7% YoY
Op. Margin
34.39%
▲ +8.8pp YoY
ROIC
15.49%
▲ +9.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$139M
▲ +158.6% YoY
Op. Cash Flow (TTM)
$529M
▲ +3572.3% YoY
Net Debt
$527M
Cash & Equiv.
$105M
3Y CAGR: +22.6%
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At a P/E of 9.3 and a price-to-free-cash-flow of 19.9, Ero Copper (ERO) trades above a two-stage DCF intrinsic value of about $17.88 per share, so at $37.37 the stock looks overvalued (52.2% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Ero Copper scores 71/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $17.88 per share for ERO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $13.41. At today's $37.37, that puts the stock about 52.2% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Ero Copper scores 71 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 34.4% operating margin and a 15.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. ERO currently trades above its estimated intrinsic value and scores 71/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.