Ero Free Cash Flow Yield vs Ev To Sales Analysis

ERO Stock

CAD 21.33 0.61 2.78%

Ero Copper financial indicator trend analysis is much more than just examining Ero Copper Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ero Copper Corp is a good investment. Please check the relationship between Ero Copper Free Cash Flow Yield and its Ev To Sales accounts. 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.

Free Cash Flow Yield vs Ev To Sales

Free Cash Flow Yield vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ero Copper Corp Free Cash Flow Yield account and Ev To Sales. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Ero Copper's Free Cash Flow Yield and Ev To Sales is -0.1. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Ero Copper Corp, assuming nothing else is changed. The correlation between historical values of Ero Copper's Free Cash Flow Yield and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Ero Copper Corp are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Free Cash Flow Yield i.e., Ero Copper's Free Cash Flow Yield and Ev To Sales go up and down completely randomly.

Correlation Coefficient

-0.1

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from Ero Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ero Copper Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.

At this time, Ero Copper's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Issuance Of Capital Stock is likely to grow to about 109.5 M, though Discontinued Operations is likely to grow to (690 K).

Ero Copper fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		0.75	0.53	-0.1	0.99	0.71	0.97	0.99	-0.5	0.71	0.97	0.98	0.75	0.99	0.95	0.88	0.82	0.68	0.63	-0.82	0.63	0.69	0.96	0.85	0.83	0.08
Short Long Term Debt Total	0.75		0.24	0.11	0.68	0.61	0.67	0.71	-0.24	0.79	0.67	0.72	0.62	0.72	0.84	0.75	0.93	0.68	0.32	-0.41	0.4	0.42	0.82	0.91	0.67	-0.06
Other Current Liab	0.53	0.24		0.04	0.56	0.85	0.61	0.47	-0.58	-0.09	0.65	0.43	0.77	0.46	0.32	0.17	0.33	0.61	0.63	-0.25	0.4	0.42	0.33	0.45	0.57	-0.06
Total Current Liabilities	-0.1	0.11	0.04		-0.2	0.09	-0.26	-0.08	0.62	0.18	-0.15	-0.03	-0.22	-0.06	0.0	-0.21	-0.25	-0.18	-0.45	0.01	-0.76	-0.67	-0.22	-0.2	-0.34	-0.74
Total Stockholder Equity	0.99	0.68	0.56	-0.2		0.72	0.99	0.98	-0.56	0.62	0.98	0.96	0.77	0.97	0.91	0.87	0.79	0.66	0.71	-0.81	0.71	0.77	0.93	0.83	0.87	0.15
Other Liab	0.71	0.61	0.85	0.09	0.72		0.74	0.66	-0.58	0.24	0.77	0.65	0.84	0.66	0.62	0.43	0.64	0.73	0.56	-0.34	0.47	0.46	0.58	0.75	0.69	0.05
Net Tangible Assets	0.97	0.67	0.61	-0.26	0.99	0.74		0.94	-0.59	0.54	0.99	0.91	0.85	0.93	0.88	0.86	0.81	0.75	0.79	-0.72	0.77	0.82	0.91	0.86	0.9	0.17
Property Plant And Equipment Net	0.99	0.71	0.47	-0.08	0.98	0.66	0.94		-0.48	0.75	0.94	1.0	0.65	1.0	0.95	0.87	0.77	0.56	0.56	-0.88	0.59	0.65	0.95	0.8	0.79	0.07
Current Deferred Revenue	-0.5	-0.24	-0.58	0.62	-0.56	-0.58	-0.59	-0.48		-0.06	-0.53	-0.46	-0.58	-0.46	-0.37	-0.25	-0.49	-0.48	-0.49	0.31	-0.73	-0.65	-0.5	-0.55	-0.55	-0.5
Net Debt	0.71	0.79	-0.09	0.18	0.62	0.24	0.54	0.75	-0.06		0.54	0.78	0.21	0.76	0.86	0.74	0.67	0.29	0.01	-0.73	0.15	0.22	0.81	0.62	0.38	-0.13
Retained Earnings	0.97	0.67	0.65	-0.15	0.98	0.77	0.99	0.94	-0.53	0.54		0.91	0.85	0.94	0.87	0.85	0.78	0.74	0.78	-0.73	0.7	0.77	0.89	0.83	0.89	0.07
Accounts Payable	0.98	0.72	0.43	-0.03	0.96	0.65	0.91	1.0	-0.46	0.78	0.91		0.6	1.0	0.96	0.85	0.75	0.52	0.5	-0.9	0.54	0.6	0.94	0.78	0.75	0.03
Cash	0.75	0.62	0.77	-0.22	0.77	0.84	0.85	0.65	-0.58	0.21	0.85	0.6		0.64	0.63	0.6	0.75	0.95	0.81	-0.29	0.69	0.7	0.68	0.82	0.82	0.19
Non Current Assets Total	0.99	0.72	0.46	-0.06	0.97	0.66	0.93	1.0	-0.46	0.76	0.94	1.0	0.64		0.95	0.87	0.77	0.55	0.56	-0.89	0.58	0.64	0.95	0.8	0.78	0.05
Non Currrent Assets Other	0.95	0.84	0.32	0.0	0.91	0.62	0.88	0.95	-0.37	0.86	0.87	0.96	0.63	0.95		0.9	0.84	0.63	0.44	-0.79	0.49	0.55	0.96	0.85	0.71	0.02
Other Assets	0.88	0.75	0.17	-0.21	0.87	0.43	0.86	0.87	-0.25	0.74	0.85	0.85	0.6	0.87	0.9		0.82	0.58	0.64	-0.69	0.65	0.75	0.91	0.8	0.81	0.06
Long Term Debt	0.82	0.93	0.33	-0.25	0.79	0.64	0.81	0.77	-0.49	0.67	0.78	0.75	0.75	0.77	0.84	0.82		0.76	0.56	-0.44	0.71	0.7	0.9	0.99	0.85	0.2
Cash And Short Term Investments	0.68	0.68	0.61	-0.18	0.66	0.73	0.75	0.56	-0.48	0.29	0.74	0.52	0.95	0.55	0.63	0.58	0.76		0.67	-0.2	0.56	0.59	0.66	0.81	0.69	0.13
Net Receivables	0.63	0.32	0.63	-0.45	0.71	0.56	0.79	0.56	-0.49	0.01	0.78	0.5	0.81	0.56	0.44	0.64	0.56	0.67		-0.29	0.84	0.91	0.54	0.6	0.88	0.13
Good Will	-0.82	-0.41	-0.25	0.01	-0.81	-0.34	-0.72	-0.88	0.31	-0.73	-0.73	-0.9	-0.29	-0.89	-0.79	-0.69	-0.44	-0.2	-0.29		-0.34	-0.41	-0.78	-0.45	-0.47	-0.04
Common Stock Total Equity	0.63	0.4	0.4	-0.76	0.71	0.47	0.77	0.59	-0.73	0.15	0.7	0.54	0.69	0.58	0.49	0.65	0.71	0.56	0.84	-0.34		0.97	0.66	0.71	0.87	0.51
Common Stock Shares Outstanding	0.69	0.42	0.42	-0.67	0.77	0.46	0.82	0.65	-0.65	0.22	0.77	0.6	0.7	0.64	0.55	0.75	0.7	0.59	0.91	-0.41	0.97		0.7	0.71	0.91	0.31
Long Term Debt Total	0.96	0.82	0.33	-0.22	0.93	0.58	0.91	0.95	-0.5	0.81	0.89	0.94	0.68	0.95	0.96	0.91	0.9	0.66	0.54	-0.78	0.66	0.7		0.89	0.79	0.17
Non Current Liabilities Total	0.85	0.91	0.45	-0.2	0.83	0.75	0.86	0.8	-0.55	0.62	0.83	0.78	0.82	0.8	0.85	0.8	0.99	0.81	0.6	-0.45	0.71	0.71	0.89		0.87	0.19
Inventory	0.83	0.67	0.57	-0.34	0.87	0.69	0.9	0.79	-0.55	0.38	0.89	0.75	0.82	0.78	0.71	0.81	0.85	0.69	0.88	-0.47	0.87	0.91	0.79	0.87		0.13
Other Current Assets	0.08	-0.06	-0.06	-0.74	0.15	0.05	0.17	0.07	-0.5	-0.13	0.07	0.03	0.19	0.05	0.02	0.06	0.2	0.13	0.13	-0.04	0.51	0.31	0.17	0.19	0.13

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Ero Copper Account Relationship Matchups

Ero Copper fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	462.7M	497.1M	689.8M	1.2B	1.5B	1.6B
Short Long Term Debt Total	163.0M	169.9M	66.4M	429.0M	445.8M	237.5M
Other Current Liab	657K	26.5M	79.1M	47.7M	50.4M	38.5M
Total Current Liabilities	80.5M	91.7M	122.7M	129.1M	173.8M	123.5M
Total Stockholder Equity	198.2M	212.7M	393.1M	538.6M	804.3M	844.5M
Other Liab	41.2M	35.4M	114.3M	109.7M	126.2M	74.6M
Net Tangible Assets	198.2M	212.7M	393.1M	538.6M	619.4M	650.3M
Property Plant And Equipment Net	365.4M	354.7M	477.5M	771.0M	1.3B	1.3B
Current Deferred Revenue	35.9M	36.8M	10.5M	16.6M	17.2M	17.1M
Net Debt	141.5M	107.3M	(63.8M)	251.3M	334.1M	350.8M
Retained Earnings	102.2M	153.8M	354.9M	456.7M	549.5M	577.0M
Accounts Payable	21.8M	14.5M	24.0M	42.9M	74.9M	78.6M
Cash	21.5M	62.5M	130.1M	177.7M	111.7M	81.4M
Non Current Assets Total	387.1M	369.6M	481.1M	795.6M	1.3B	1.4B
Non Currrent Assets Other	8.6M	609K	1.3M	24.7M	29.0M	30.4M
Other Assets	21.7M	14.8M	3.6M	24.7M	28.4M	29.8M
Long Term Debt	140.4M	155.6M	54.9M	402.4M	405.9M	204.6M
Cash And Short Term Investments	21.5M	62.5M	130.1M	317.4M	111.7M	100.6M
Net Receivables	24.5M	34.3M	45.8M	32.8M	28.3M	24.7M
Common Stock Total Equity	113.1M	117.9M	120.5M	126.2M	145.1M	111.2M
Common Stock Shares Outstanding	91.4M	92.2M	91.0M	92.2M	94.9M	90.8M
Long Term Debt Total	140.9M	155.9M	57.3M	407.1M	468.2M	491.6M
Liabilities And Stockholders Equity	462.7M	497.1M	689.8M	1.2B	1.5B	1.6B
Non Current Liabilities Total	183.1M	191.3M	171.6M	516.8M	528.6M	287.7M
Inventory	19.4M	25.5M	26.0M	31.0M	42.3M	23.7M
Other Current Assets	10.2M	5.2M	6.7M	6.7M	4.7M	7.7M
Other Stockholder Equity	(24.5M)	(67.3M)	(94.9M)	(66.2M)	(59.6M)	(62.5M)
Total Liab	263.6M	283.0M	294.3M	645.9M	702.4M	411.3M
Property Plant And Equipment Gross	365.4M	354.7M	638.0M	998.9M	1.6B	1.7B
Short Long Term Debt	19.0M	12.5M	4.3M	15.7M	20.4M	19.6M
Total Current Assets	75.6M	127.5M	208.7M	392.4M	199.5M	166.0M
Accumulated Other Comprehensive Income	(24.5M)	(67.3M)	(94.9M)	(66.2M)	(16.6M)	(17.4M)
Non Current Liabilities Other	1.9M	1.7M	11.2M	5.0M	8.5M	5.2M
Cash And Equivalents	21.5M	62.5M	130.1M	177.7M	204.4M	214.6M
Short Term Debt	22.1M	13.9M	9.1M	21.9M	31.4M	22.3M
Common Stock	120.5M	126.2M	133.1M	148.1M	271.3M	145.5M
Property Plant Equipment	365.4M	354.7M	477.5M	771.0M	886.6M	930.9M
Net Invested Capital	357.6M	380.8M	452.3M	956.6M	1.2B	1.3B
Net Working Capital	(4.9M)	35.8M	86.0M	263.3M	25.7M	24.4M

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

0.75

ORE

Orezone Gold Corp

Pair Corr

Moving against Ero Stock

0.71	TSLA	Tesla Inc CDR	Pair Corr
0.67	WMT	Walmart Inc CDR	Pair Corr
0.61	AMZN	Amazon CDR	Pair Corr
0.52	NVDA	NVIDIA CDR	Pair Corr
0.51	BRK	Berkshire Hathaway CDR	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Ero Copper Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ero Copper's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ero Copper Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ero Copper Corp Stock:

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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Please note, there is a significant difference between Ero Copper's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ero Copper is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ero Copper's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Ero Free Cash Flow Yield vs Ev To Sales Analysis

Free Cash Flow Yield vs Ev To Sales

Free Cash Flow Yield vs Ev To Sales Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Ev To Sales

Ero Copper fundamental ratios Correlations

Ero Copper Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ero Copper fundamental ratios Accounts

Pair Trading with Ero Copper

Moving together with Ero Stock

Moving against Ero Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Accounts Payable	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Accounts Payable
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Good Will	- 0.9	Accounts Payable
Good Will	- 0.89	Non Current Assets Total
Good Will	- 0.88	Property Plant And Equipment Net
Good Will	- 0.82	Total Assets
Good Will	- 0.81	Total Stockholder Equity
Good Will	- 0.79	Non Currrent Assets Other