Ero Copper Corp.

DB:E0B Stock Report

Market Cap: €1.6b

Ero Copper Valuation

Is E0B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of E0B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: E0B (€14.95) is trading below our estimate of fair value (€54.89)

Significantly Below Fair Value: E0B is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for E0B?

Key metric: As E0B is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for E0B. This is calculated by dividing E0B's market cap by their current earnings.
What is E0B's PE Ratio?
PE Ratio94.6x
EarningsUS$17.02m
Market CapUS$1.64b

Price to Earnings Ratio vs Peers

How does E0B's PE Ratio compare to its peers?

The above table shows the PE ratio for E0B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.8x
NDA Aurubis
9x-6.2%€3.4b
SDF K+S
78.9x61.1%€2.0b
STO3 Sto SE KGaA
11x3.5%€723.6m
WCH Wacker Chemie
28.3x37.0%€3.5b
E0B Ero Copper
94.6x34.3%€2.3b

Price-To-Earnings vs Peers: E0B is expensive based on its Price-To-Earnings Ratio (94.6x) compared to the peer average (31.8x).

Price to Earnings Ratio vs Industry

How does E0B's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
E0B 94.6xIndustry Avg. 12.1xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: E0B is expensive based on its Price-To-Earnings Ratio (94.6x) compared to the European Metals and Mining industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is E0B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

E0B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio94.6x
Fair PE Ratio25.2x

Price-To-Earnings vs Fair Ratio: E0B is expensive based on its Price-To-Earnings Ratio (94.6x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst E0B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.95
€22.60
+51.1%
8.4%€25.95€18.44n/a12
Nov ’25€16.69
€23.42
+40.3%
8.8%€26.80€20.10n/a12
Oct ’25€19.79
€23.43
+18.4%
9.0%€26.65€19.99n/a12
Sep ’25€18.06
€23.15
+28.2%
9.4%€26.46€19.85n/a11
Aug ’25€17.81
€24.16
+35.7%
10.8%€28.76€20.73n/a12
Jul ’25€19.71
€23.58
+19.6%
11.5%€28.02€19.82n/a12
Jun ’25€19.77
€22.83
+15.5%
9.8%€27.00€20.25n/a12
May ’25€19.69
€21.12
+7.2%
4.8%€23.21€19.46n/a11
Apr ’25€17.70
€17.76
+0.3%
8.4%€21.78€15.99n/a11
Mar ’25€15.60
€17.02
+9.1%
9.6%€21.78€15.65n/a11
Feb ’25€14.40
€16.96
+17.8%
9.3%€20.61€15.12n/a11
Jan ’25€14.30
€16.69
+16.7%
10.3%€20.36€14.93n/a11
Dec ’24€11.20
€16.09
+43.6%
11.5%€20.11€14.75n/a11
Nov ’24€12.40
€18.96
+52.9%
8.0%€21.57€17.12€16.6911
Oct ’24€16.30
€20.23
+24.1%
7.5%€22.98€17.41€19.7911
Sep ’24€18.90
€19.58
+3.6%
8.2%€22.51€17.05€18.0612
Aug ’24€21.00
€19.41
-7.6%
8.1%€21.42€17.00€17.8112
Jul ’24€17.70
€19.62
+10.9%
8.7%€22.23€16.67€19.7112
Jun ’24€15.30
€19.46
+27.2%
7.8%€21.91€17.12€19.7712
May ’24€17.50
€18.56
+6.1%
10.0%€21.53€15.81€19.6911
Apr ’24€16.20
€17.36
+7.2%
10.6%€20.34€13.56€17.7011
Mar ’24€15.50
€16.28
+5.0%
10.0%€18.88€13.99€15.6011
Feb ’24€14.90
€15.62
+4.8%
12.5%€18.59€11.71€14.4011
Jan ’24€13.00
€14.07
+8.2%
10.6%€17.26€11.74€14.3012
Dec ’23€12.40
€14.63
+17.9%
11.8%€18.41€12.15€11.2011
Nov ’23€12.00
€14.84
+23.7%
14.3%€19.94€12.19€12.4011

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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