# Ero Copper Corp. (ERO.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$48.24, market value C$5.0 billion.

## Valuation
- **P/E (trailing): 11.8×** (5-yr avg 15.5×, 3-yr avg 18.2×). Ero Copper Corp. trades at 11.8× trailing earnings, well below its own five-year average of 15.5×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 7.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.01**. A PEG of 0.01 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.5×**. Each dollar of revenue is priced at 3.5×.
- **Price / book: 3.0×**. The shares trade at 3.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.3×**. Enterprise value is 7.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 4.2%** (5-yr avg -4.1%). Free cash flow equals 4.2% of the market value, above its five-year average of -4.1%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 8.5%**. The inverse of the P/E: 8.5% of the price is earned each year.

## Profitability
- **Gross margin: 42.9%**. Ero Copper Corp. keeps 42.9% of revenue after the direct cost of what it sells.
- **Operating margin: 36.1%**. 36.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 33.6%**. 33.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 28.7%**. 28.7% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 21.0%**. Return on all capital, debt included, is 21.0%: comfortably above what that capital costs.
- **Return on assets: 16.2%**. Each dollar of assets produces 16.2% of profit.

## Growth
- **Revenue growth (1 yr): 70.0%** (3-yr 23.3%/yr, 5-yr 19.8%/yr). Revenue grew 70.0% over the last year, against 19.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 490.9%** (3-yr 32.9%/yr, 5-yr 35.7%/yr). Earnings per share rose 490.9%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.68**. Debt is 0.68 times equity, moderate leverage.
- **Net debt / EBITDA: 0.9×**. It would take 0.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 12.4×**. Operating profit covers interest 12.4× over, a safe margin.
- **Current ratio: 1.06** (quick 0.63). Current assets cover the next year's liabilities 1.06 times.
- **Altman Z-score: 4.64**. A Z-score of 4.64 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Ero Copper Corp. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (16 analysts). 16 analysts cover Ero Copper Corp.; the consensus is buy, with an average price target of C$51.49 (+7% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 138.0%** (YTD 24.2%, 3-mo 34.7%). The shares are up 138.0% over twelve months including dividends.
- **From 52-week high: -14.8%** (121.8% above the low). Trading 15% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 2.82** (volatility 61%). Beta of 2.82 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ERO.TO · Page: https://foliofundamentals.com/stocks/ero.to

Not investment advice.