Ero Copper Corp (ERO) - Net Assets
Based on the latest financial reports, Ero Copper Corp (ERO) has net assets worth CA$936.16 Million CAD (≈ $677.20 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.92 Billion ≈ $1.39 Billion USD) and total liabilities (CA$984.22 Million ≈ $711.97 Million USD). 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. Check how resilient are Ero Copper Corp's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$936.16 Million |
| % of Total Assets | 48.75% |
| Annual Growth Rate | 49.99% |
| 5-Year Change | 136.71% |
| 10-Year Change | N/A |
| Growth Volatility | 130.91 |
Ero Copper Corp - Net Assets Trend (2016–2025)
This chart illustrates how Ero Copper Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Ero Copper Corp's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Ero Copper Corp (2016–2025)
The table below shows the annual net assets of Ero Copper Corp from 2016 to 2025. For live valuation and market cap data, see Ero Copper Corp (ERO) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$936.16 Million ≈ $677.20 Million |
+58.38% |
| 2024-12-31 | CA$591.07 Million ≈ $427.57 Million |
-26.97% |
| 2023-12-31 | CA$809.33 Million ≈ $585.46 Million |
+49.28% |
| 2022-12-31 | CA$542.16 Million ≈ $392.19 Million |
+37.09% |
| 2021-12-31 | CA$395.49 Million ≈ $286.09 Million |
+84.74% |
| 2020-12-31 | CA$214.07 Million ≈ $154.86 Million |
+7.54% |
| 2019-12-31 | CA$199.06 Million ≈ $144.00 Million |
+91.73% |
| 2018-12-31 | CA$103.82 Million ≈ $75.10 Million |
-19.98% |
| 2017-12-31 | CA$129.75 Million ≈ $93.86 Million |
+432.33% |
| 2016-12-31 | CA$24.37 Million ≈ $17.63 Million |
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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 74646861500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$743.42 Million | 79.61% |
| Common Stock | CA$297.95 Million | 31.91% |
| Other Comprehensive Income | CA$-114.86 Million | -12.30% |
| Other Components | CA$7.32 Million | 0.78% |
| Total Equity | CA$933.83 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 |
|---|---|
|
Maple Leaf Foods Inc.
TO:MFI
|
$2.58 Billion |
|
CleanSpark Inc
NASDAQ:CLSK
|
$2.58 Billion |
|
MAG Silver Corp
TO:MAG
|
$2.58 Billion |
|
Zhejiang Weixing New Building Materials Co Ltd
SHE:002372
|
$2.58 Billion |
|
Intuitive Machines Inc.
NASDAQ:LUNR
|
$2.57 Billion |
|
Business intelligence of Oriental Nations Corp Ltd
SHE:300166
|
$2.57 Billion |
|
DL E&C Co Ltd
KO:375500
|
$2.57 Billion |
|
Aya Gold & Silver Inc
TO:AYA
|
$2.57 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 2024 to 2025, total equity changed from 587,131,000 to 933,830,469, a change of 346,699,469 (59.0%).
- Net income of 268,339,611 contributed positively to equity growth.
- Other comprehensive income increased equity by 65,611,411.
- Other factors increased equity by 12,748,447.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$268.34 Million | +28.74% |
| Other Comprehensive Income | CA$65.61 Million | +7.03% |
| Other Changes | CA$12.75 Million | +1.37% |
| Total Change | CA$- | 59.05% |
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: 3.82x
- 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 67.08x to 3.82x 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 | CA$0.51 | CA$34.25 | x |
| 2017-12-31 | CA$1.97 | CA$34.25 | x |
| 2018-12-31 | CA$1.23 | CA$34.25 | x |
| 2019-12-31 | CA$2.17 | CA$34.25 | x |
| 2020-12-31 | CA$2.31 | CA$34.25 | x |
| 2021-12-31 | CA$4.32 | CA$34.25 | x |
| 2022-12-31 | CA$5.84 | CA$34.25 | x |
| 2023-12-31 | CA$8.48 | CA$34.25 | x |
| 2024-12-31 | CA$5.65 | CA$34.25 | x |
| 2025-12-31 | CA$8.97 | CA$34.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ero Copper Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 28.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.56%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 2.06x
- Recent ROE (28.74%) is above the historical average (16.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -18.04% | 0.00% | 0.00x | 12.83x | CA$-6.95 Million |
| 2017 | 17.28% | 15.16% | 0.39x | 2.93x | CA$9.47 Million |
| 2018 | -3.05% | -1.35% | 0.65x | 3.48x | CA$-13.51 Million |
| 2019 | 46.35% | 32.26% | 0.62x | 2.33x | CA$72.06 Million |
| 2020 | 24.27% | 15.93% | 0.65x | 2.34x | CA$30.35 Million |
| 2021 | 51.15% | 41.04% | 0.71x | 1.75x | CA$161.75 Million |
| 2022 | 18.91% | 23.88% | 0.36x | 2.21x | CA$47.97 Million |
| 2023 | 11.54% | 21.71% | 0.28x | 1.88x | CA$12.38 Million |
| 2024 | -11.66% | -14.56% | 0.32x | 2.48x | CA$-127.19 Million |
| 2025 | 28.74% | 33.56% | 0.42x | 2.06x | CA$174.96 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: $64,652,258
- Average return on equity (ROE) among peers: -34.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ero Copper Corp (ERO) | CA$936.16 Million | -18.04% | 1.05x | $2.57 Billion |
| Amerigo Resources Ltd. (ARG) | $94.04 Million | -20.19% | 0.53x | $724.65 Million |
| Aranjin Resources Ltd (ARJN) | $-3.44 Million | 0.00% | 0.00x | $993.53K |
| Arizona Sonoran Copper Company Inc (ASCU) | $65.98 Million | -10.82% | 0.05x | $652.36 Million |
| Bell Copper Corp (BCU) | $9.37 Million | -24.94% | 0.06x | $7.41 Million |
| Capstone Mining Corp (CS) | $6.84 Million | -27.19% | 0.05x | $6.22 Billion |
| Copper Fox Metals Inc. (CUU) | $2.22 Million | -26.56% | 0.31x | $227.17 Million |
| Element 29 Resources Inc (ECU) | $12.84 Million | -55.68% | 0.04x | $146.24 Million |
| Faraday Copper Corp. (FDY) | $4.78 Million | -190.41% | 0.18x | $480.47 Million |
| First Quantum Minerals Ltd (FM) | $389.23 Million | 45.77% | 1.24x | $19.37 Billion |
About 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 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.