Ero Copper Corp
Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. Its flagship asset includes Caraíba operations that comprise the production and sale of copper concentrates located in northeastern Bahia State, Brazil, as well as gold and silver produced and sold as by-products. The company was incorporated in 2016 and is headquartered in Vancouver, Canada.
Ero Copper Corp (ERO) - Net Assets
Latest net assets as of September 2025: $890.63 Million USD
Based on the latest financial reports, Ero Copper Corp (ERO) has net assets worth $890.63 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.87 Billion) and total liabilities ($983.86 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $890.63 Million |
| % of Total Assets | 47.51% |
| Annual Growth Rate | 48.97% |
| 5-Year Change | 176.11% |
| 10-Year Change | N/A |
| Growth Volatility | 138.63 |
Ero Copper Corp - Net Assets Trend (2016–2024)
This chart illustrates how Ero Copper Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ero Copper Corp (2016–2024)
The table below shows the annual net assets of Ero Copper Corp from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $591.07 Million | -26.97% |
| 2023-12-31 | $809.33 Million | +49.28% |
| 2022-12-31 | $542.16 Million | +37.09% |
| 2021-12-31 | $395.49 Million | +84.74% |
| 2020-12-31 | $214.07 Million | +7.54% |
| 2019-12-31 | $199.06 Million | +91.73% |
| 2018-12-31 | $103.82 Million | -19.98% |
| 2017-12-31 | $129.75 Million | +432.33% |
| 2016-12-31 | $24.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ero Copper Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 48410100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $481.06 Million | 81.93% |
| Common Stock | $286.55 Million | 48.80% |
| Other Comprehensive Income | $-180.47 Million | -30.74% |
| Total Equity | $587.13 Million | 100.00% |
Ero Copper Corp Competitors by Market Cap
The table below lists competitors of Ero Copper Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Advanced Fiber Resources Zhuhai Ltd
SHE:300620
|
$2.53 Billion |
|
Great Microwave Technology Co. Ltd. A
SHG:688270
|
$2.53 Billion |
|
Operadora de Sites Mexicanos S.A. de C.V
PINK:OPMXF
|
$2.53 Billion |
|
Frasers Centrepoint Trust
PINK:FRZCF
|
$2.53 Billion |
|
SIASUN Robot Automation Co
SHE:300024
|
$2.53 Billion |
|
Loomis AB ser. B
ST:LOOMIS
|
$2.53 Billion |
|
Northern Oil & Gas Inc
NYSE:NOG
|
$2.53 Billion |
|
Shanghai Xinmei Real Estate Co Ltd Class A
SHG:600732
|
$2.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ero Copper Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 804,250,000 to 587,131,000, a change of -217,119,000 (-27.0%).
- Net loss of 68,475,000 reduced equity.
- Other comprehensive income decreased equity by 163,856,000.
- Other factors increased equity by 15,212,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-68.47 Million | -11.66% |
| Other Comprehensive Income | $-163.86 Million | -27.91% |
| Other Changes | $15.21 Million | +2.59% |
| Total Change | $- | -27.00% |
Book Value vs Market Value Analysis
This analysis compares Ero Copper Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.74x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 52.88x to 4.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.51 | $27.00 | x |
| 2017-12-31 | $1.97 | $27.00 | x |
| 2018-12-31 | $1.23 | $27.00 | x |
| 2019-12-31 | $2.17 | $27.00 | x |
| 2020-12-31 | $2.31 | $27.00 | x |
| 2021-12-31 | $4.32 | $27.00 | x |
| 2022-12-31 | $5.84 | $27.00 | x |
| 2023-12-31 | $8.48 | $27.00 | x |
| 2024-12-31 | $5.69 | $27.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ero Copper Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.56%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 2.48x
- Recent ROE (-11.66%) is below the historical average (15.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -12.15% | 0.00% | 0.00x | 12.83x | $-5.49 Million |
| 2017 | 17.28% | 15.16% | 0.39x | 2.93x | $9.47 Million |
| 2018 | -3.05% | -1.35% | 0.65x | 3.48x | $-13.51 Million |
| 2019 | 46.35% | 32.26% | 0.62x | 2.33x | $72.06 Million |
| 2020 | 24.27% | 15.93% | 0.65x | 2.34x | $30.35 Million |
| 2021 | 51.15% | 41.04% | 0.71x | 1.75x | $161.75 Million |
| 2022 | 18.91% | 23.88% | 0.36x | 2.21x | $47.97 Million |
| 2023 | 11.54% | 21.71% | 0.28x | 1.88x | $12.38 Million |
| 2024 | -11.66% | -14.56% | 0.32x | 2.48x | $-127.19 Million |
Industry Comparison
This section compares Ero Copper Corp's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $2,702,999,180
- Average return on equity (ROE) among peers: -157.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ero Copper Corp (ERO) | $890.63 Million | -12.15% | 1.10x | $2.53 Billion |
| Atlas Consolidated Mining and Development Corporation (ACMDY) | $26.34 Billion | 57.07% | 0.74x | $240.13 Million |
| Antofagasta PLC (ANFGF) | $101.06 Million | 21.50% | 0.21x | $6.24 Billion |
| Trinity One Metals Ltd. (ARJNF) | $-3.44 Million | 0.00% | 0.00x | $100.13K |
| Amerigo Resources Ltd. (ARREF) | $106.60 Million | 0.04% | 0.55x | $151.75 Million |
| Arizona Sonoran Copper Company Inc. (ASCUF) | $65.98 Million | -10.79% | 0.05x | $218.14 Million |
| Alta Copper Corp. (ATCUF) | $64.26 Million | -1.45% | 0.01x | $17.41 Million |
| Atalaya Mining Plc (ATLMF) | $350.20 Million | 8.99% | 0.44x | $433.10 Million |
| Bell Copper Corporation (BCUFF) | $202.12K | -400.78% | 20.09x | $2.22 Million |
| Giant Mining Corp. (BFGFF) | $545.85K | -1254.36% | 0.48x | $18.49 Million |
| Blue River Resources Ltd (BRVRF) | $-18.91K | 0.00% | 0.00x | $704.59K |