Ero Copper Corp Stock Price To Earnings To Growth
| ERO Stock | CAD 21.94 0.15 0.69% |
Ero Copper Corp fundamentals help investors to digest information that contributes to Ero Copper's financial success or failures. It also enables traders to predict the movement of Ero Stock. The fundamental analysis module provides a way to measure Ero Copper's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ero Copper stock.
Ero | Price To Earnings To Growth |
Ero Copper Corp Company Price To Earnings To Growth Analysis
Ero Copper's PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
Current Ero Copper Price To Earnings To Growth | 13.94 X |
Most of Ero Copper's fundamental indicators, such as Price To Earnings To Growth, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ero Copper Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Ero Price To Earnings To Growth Driver Correlations
Understanding the fundamental principles of building solid financial models for Ero Copper is extremely important. It helps to project a fair market value of Ero Stock properly, considering its historical fundamentals such as Price To Earnings To Growth. Since Ero Copper's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ero Copper's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ero Copper's interrelated accounts and indicators.
Click cells to compare fundamentals
Generally speaking, PEG ratio is a 'quick and dirty' way to measure how the current price of a firm's stock relates to its earnings and growth rate. The main benefit of using PEG ratio is that investors can compare the relative valuations of companies within different industries without analyzing their P/E ratios.
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Ero Price Earnings To Growth Ratio
Price Earnings To Growth Ratio |
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Based on the latest financial disclosure, Ero Copper Corp has a Price To Earnings To Growth of 13.94 times. This is much higher than that of the Metals & Mining sector and notably higher than that of the Materials industry. The price to earnings to growth for all Canada stocks is 185.07% lower than that of the firm.
Ero Copper Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ero Copper from analyzing Ero Copper's financial statements. These drivers represent accounts that assess Ero Copper's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ero Copper's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.7B | 1.5B | 1.4B | 1.2B | 1.5B | 835.9M | |
| Enterprise Value | 1.8B | 1.6B | 1.3B | 1.5B | 1.8B | 949.5M |
Ero Fundamentals
| Return On Equity | 0.0269 | ||||
| Return On Asset | 0.0401 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 3 B | ||||
| Shares Outstanding | 103.3 M | ||||
| Shares Owned By Insiders | 10.36 % | ||||
| Shares Owned By Institutions | 75.78 % | ||||
| Price To Earning | 96.83 X | ||||
| Price To Book | 2.26 X | ||||
| Price To Sales | 4.88 X | ||||
| Revenue | 427.48 M | ||||
| Gross Profit | 187.18 M | ||||
| EBITDA | 173.54 M | ||||
| Net Income | 94.3 M | ||||
| Cash And Equivalents | 177.7 M | ||||
| Cash Per Share | 0.60 X | ||||
| Total Debt | 445.84 M | ||||
| Debt To Equity | 1.94 % | ||||
| Current Ratio | 0.78 X | ||||
| Book Value Per Share | 6.89 X | ||||
| Cash Flow From Operations | 163.1 M | ||||
| Earnings Per Share | 0.27 X | ||||
| Price To Earnings To Growth | 13.94 X | ||||
| Target Price | 33.08 | ||||
| Number Of Employees | 3.37 K | ||||
| Beta | 1.96 | ||||
| Market Capitalization | 2.27 B | ||||
| Total Asset | 1.51 B | ||||
| Retained Earnings | 549.53 M | ||||
| Working Capital | 25.69 M | ||||
| Year To Date Return | (4.11) % | ||||
| One Year Return | (12.70) % | ||||
| Three Year Return | (5.83) % | ||||
| Net Asset | 1.51 B |
About Ero Copper Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ero Copper Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ero Copper using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ero Copper Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Ero Copper
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ero Copper position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ero Copper will appreciate offsetting losses from the drop in the long position's value.Moving together with Ero Stock
Moving against Ero Stock
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| 0.52 | NVDA | NVIDIA CDR | PairCorr |
| 0.51 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to Ero Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ero Copper when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ero Copper - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ero Copper Corp to buy it.
The correlation of Ero Copper is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ero Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ero Copper Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ero Copper can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ero Copper Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..