Southern Copper Corporation

DB:PCU Stock Report

Market Cap: €77.8b

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 (€98.9) is trading above our estimate of fair value (€84.55)

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 Ratio26.9x
EarningsUS$3.03b
Market CapUS$82.03b

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 Average33.3x
NDA Aurubis
9x-6.2%€3.5b
BAS BASF
75.6x34.2%€37.8b
HEI Heidelberg Materials
11.4x7.8%€21.1b
SY1 Symrise
37.1x13.2%€14.4b
PCU Southern Copper
26.9x6.2%€82.0b

Price-To-Earnings vs Peers: PCU is good value based on its Price-To-Earnings Ratio (26.9x) compared to the peer average (33.4x).

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 26.9xIndustry Avg. 12.4xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PCU is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the European Metals and Mining industry average (12.5x).

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 Ratio26.9x
Fair PE Ratio21.4x

Price-To-Earnings vs Fair Ratio: PCU is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the estimated Fair Price-To-Earnings Ratio (21.4x).

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€98.90
€93.53
-5.4%
27.5%€142.77€47.87n/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€42.27n/a13
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
Nov ’23€46.46
€47.39
+2.0%
17.2%€64.35€33.66€65.2417

Analyst Forecast: Target price is lower than the current share price.

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