Southern Copper Corporation

DB:PCU Stock Report

Market Cap: €70.5b

Southern Copper Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 PCU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PCU (€88.2) is trading above our estimate of fair value (€85.39)

Significantly Below Fair Value: PCU is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PCU. This is calculated by dividing PCU's market cap by their current earnings.
What is PCU's PE Ratio?
PE Ratio24.3x
EarningsUS$3.03b
Market CapUS$73.52b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PCU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.1x
NDA Aurubis
8.2x-5.3%€3.4b
BAS BASF
76.4x31.4%€38.0b
HEI Heidelberg Materials
11.5x8.7%€21.3b
SY1 Symrise
36.2x13.6%€14.2b
PCU Southern Copper
24.3x6.4%€73.5b

Price-To-Earnings vs Peers: PCU is good value based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (33.1x).

Price to Earnings Ratio vs Industry

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

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PCU 24.3xIndustry Avg. 11.5xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PCU is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the European Metals and Mining industry average (11.5x).

Price to Earnings Ratio vs Fair Ratio

What is PCU'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.

PCU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: PCU is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).

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 PCU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€88.20
€98.19
+11.3%
25.5%€148.73€49.87n/a16
Dec ’25€94.18
€96.66
+2.6%
27.3%€147.13€49.33n/a16
Nov ’25€101.27
€93.24
-7.9%
27.5%€142.37€47.73n/a16
Oct ’25€104.90
€85.66
-18.3%
26.1%€125.73€47.81n/a15
Sep ’25€90.18
€85.93
-4.7%
26.1%€126.36€48.05n/a15
Aug ’25€93.77
€86.28
-8.0%
27.5%€129.34€49.18n/a15
Jul ’25€99.32
€82.55
-16.9%
28.0%€126.34€49.80n/a14
Jun ’25€107.58
€76.46
-28.9%
27.1%€124.81€49.19n/a14
May ’25€108.72
€75.39
-30.7%
26.2%€123.62€50.18n/a15
Apr ’25€96.25
€67.26
-30.1%
25.9%€117.45€42.46n/a15
Mar ’25€72.97
€62.61
-14.2%
18.6%€84.33€42.62n/a15
Feb ’25€74.63
€59.30
-20.5%
17.7%€83.99€42.45n/a13
Jan ’25€76.88
€57.70
-24.9%
18.4%€82.68€41.78n/a13
Dec ’24€64.95
€58.31
-10.2%
18.9%€85.44€42.27€94.1813
Nov ’24€65.24
€60.12
-7.9%
23.6%€87.93€38.88€101.2714
Oct ’24€70.33
€61.89
-12.0%
25.1%€87.90€41.63€104.9014
Sep ’24€73.95
€57.11
-22.8%
23.0%€85.54€40.52€90.1815
Aug ’24€76.29
€55.21
-27.6%
21.7%€84.50€40.03€93.7716
Jul ’24€63.29
€56.19
-11.2%
20.9%€85.14€40.33€99.3216
Jun ’24€61.72
€56.76
-8.0%
20.1%€86.71€39.25€107.5817
May ’24€67.49
€54.49
-19.3%
20.7%€84.59€38.29€108.7216
Apr ’24€67.70
€52.51
-22.4%
16.5%€72.19€38.80€96.2517
Mar ’24€70.33
€52.41
-25.5%
16.7%€73.39€39.45€72.9718
Feb ’24€68.10
€50.24
-26.2%
17.1%€72.14€38.77€74.6318
Jan ’24€56.27
€46.89
-16.7%
18.0%€63.58€33.17€76.8819
Dec ’23€56.87
€47.34
-16.8%
17.6%€65.32€34.08€64.9518

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 04:04
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Southern Copper Corporation is covered by 38 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Leonardo CorreaBarclays
Garrett NelsonBB&T Capital Markets