Southern Copper Corporation's (NYSE:SCCO) Intrinsic Value Is Potentially 21% Below Its Share Price
Nov 20
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U.S. Metals and Mining Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies246
- 7D0.9%
- 3M-0.1%
- 1Y21.7%
- YTD9.3%
Over the last 7 days, the Metals and Mining industry has remained flat, although notably Agnico Eagle Mines gained 8.5%. As for the the longer term, the industry is up 22% over the past 12 months. As for the next few years, earnings are expected to grow by 21% per annum.
Industry Valuation and Performance
Has the U.S. Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | US$435.7b | US$266.8b | US$12.5b | 19.1x | 34.9x | 1.6x |
| Fri, 18 Oct 2024 | US$468.1b | US$267.1b | US$11.2b | 14.7x | 41.8x | 1.8x |
| Sun, 15 Sep 2024 | US$432.1b | US$267.5b | US$11.4b | 13.9x | 37.9x | 1.6x |
| Tue, 13 Aug 2024 | US$420.4b | US$267.1b | US$11.5b | 12.8x | 36.5x | 1.6x |
| Thu, 11 Jul 2024 | US$446.8b | US$266.4b | US$12.8b | 13.5x | 35x | 1.7x |
| Sat, 08 Jun 2024 | US$451.8b | US$266.7b | US$13.0b | 14.6x | 34.7x | 1.7x |
| Mon, 06 May 2024 | US$447.4b | US$267.0b | US$13.3b | 13.3x | 33.7x | 1.7x |
| Wed, 03 Apr 2024 | US$443.5b | US$266.3b | US$15.7b | 14.3x | 28.3x | 1.7x |
| Fri, 01 Mar 2024 | US$376.0b | US$266.3b | US$16.0b | 13.9x | 23.5x | 1.4x |
| Sun, 28 Jan 2024 | US$387.1b | US$277.7b | US$19.2b | 16.8x | 20.2x | 1.4x |
| Tue, 26 Dec 2023 | US$418.3b | US$278.9b | US$19.4b | 17.9x | 21.5x | 1.5x |
| Thu, 23 Nov 2023 | US$364.0b | US$280.1b | US$20.0b | 15.1x | 18.2x | 1.3x |
| Sat, 21 Oct 2023 | US$332.8b | US$282.8b | US$22.1b | 11.7x | 15.1x | 1.2x |
| Mon, 18 Sep 2023 | US$356.3b | US$279.1b | US$21.4b | 12.6x | 16.7x | 1.3x |
| Wed, 16 Aug 2023 | US$355.8b | US$276.5b | US$21.7b | 13.3x | 16.4x | 1.3x |
| Fri, 14 Jul 2023 | US$372.2b | US$284.5b | US$26.0b | 13.5x | 14.3x | 1.3x |
| Sun, 11 Jun 2023 | US$337.1b | US$284.7b | US$26.4b | 12.6x | 12.8x | 1.2x |
| Tue, 09 May 2023 | US$349.1b | US$285.7b | US$26.8b | 11.4x | 13x | 1.2x |
| Thu, 06 Apr 2023 | US$356.0b | US$293.2b | US$29.3b | 10.9x | 12.1x | 1.2x |
| Sat, 04 Mar 2023 | US$385.0b | US$293.3b | US$31.0b | 8.7x | 12.4x | 1.3x |
| Mon, 30 Jan 2023 | US$379.9b | US$295.6b | US$36.1b | 7.5x | 10.5x | 1.3x |
| Wed, 28 Dec 2022 | US$330.8b | US$298.2b | US$37.9b | 6.7x | 8.7x | 1.1x |
| Fri, 25 Nov 2022 | US$330.1b | US$298.0b | US$38.0b | 6.3x | 8.7x | 1.1x |
| Sun, 23 Oct 2022 | US$295.4b | US$297.0b | US$41.8b | 7x | 7.1x | 1x |
| Tue, 20 Sep 2022 | US$282.6b | US$296.7b | US$44.4b | 7x | 6.4x | 1x |
| Thu, 18 Aug 2022 | US$299.9b | US$296.5b | US$44.3b | 7.9x | 6.8x | 1x |
| Sat, 16 Jul 2022 | US$275.2b | US$281.8b | US$42.0b | 6.9x | 6.5x | 1x |
| Mon, 13 Jun 2022 | US$344.9b | US$280.6b | US$41.9b | 9x | 8.2x | 1.2x |
| Wed, 11 May 2022 | US$341.0b | US$279.9b | US$41.7b | 7.3x | 8.2x | 1.2x |
| Fri, 08 Apr 2022 | US$423.1b | US$260.7b | US$35.7b | 10.7x | 11.9x | 1.6x |
| Sun, 06 Mar 2022 | US$406.3b | US$258.6b | US$35.1b | 9.9x | 11.6x | 1.6x |
| Tue, 01 Feb 2022 | US$311.8b | US$246.8b | US$32.2b | 8.5x | 9.7x | 1.3x |
| Thu, 30 Dec 2021 | US$328.9b | US$233.0b | US$28.2b | 8.9x | 11.7x | 1.4x |
| Sat, 27 Nov 2021 | US$313.4b | US$232.2b | US$28.0b | 9.4x | 11.2x | 1.3x |
Price to Earnings Ratio
11.2x
Current Industry PE
- Investors are optimistic on the American Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 34.9x which is higher than its 3-year average PE of 17.6x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 24% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the U.S. Materials industry?
| US Market | -1.19% | |
| Materials | -0.58% | |
| Metals and Mining | 0.88% | |
| Aluminum | 8.04% | |
| Precious Metals and Minerals | 6.99% | |
| Silver | 4.89% | |
| Gold | 4.61% | |
| Copper | 1.05% | |
| Steel | -2.72% | |
| Diversified Metals and Mining | -2.84% | |
Industry PE
- Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 291x.
- Analysts are expecting annual earnings growth of 49.3%, which is lower than the prior year's growth of 542.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 145% over the next 5 years.
- In contrast, the Copper industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AEM Agnico Eagle Mines | US$82.45 | 8.5% +US$3.2b | 66.3% | PE40.7x | |
| NEM Newmont | US$43.18 | 4.7% +US$2.2b | 14.6% | PS2.9x | |
| SCCO Southern Copper | US$103.78 | 2.8% +US$2.2b | 41.0% | PE27.1x | |
| FCX Freeport-McMoRan | US$44.12 | 2.3% +US$1.4b | 19.6% | PE31.8x | |
| AA Alcoa | US$45.60 | 12.3% +US$1.3b | 72.9% | PS1.1x |
