Ero Copper Corp Stock Earnings Per Share
| ERO Stock | CAD 19.19 0.60 3.03% |
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 |
Ero Copper Corp Company Earnings Per Share Analysis
Ero Copper's Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Current Ero Copper Earnings Per Share | (0.95) X |
Most of Ero Copper's fundamental indicators, such as Earnings Per Share, 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.
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
| Competition |
According to the company disclosure, Ero Copper Corp has an Earnings Per Share of -0.95 times. This is 48.44% higher than that of the Metals & Mining sector and 275.93% lower than that of the Materials industry. The earnings per share for all Canada stocks is 130.45% higher than that of the company.
Ero Earnings Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ero Copper's direct or indirect competition against its Earnings Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ero Copper could also be used in its relative valuation, which is a method of valuing Ero Copper by comparing valuation metrics of similar companies.Ero Copper is currently under evaluation in earnings per share category among its peers.
Ero Fundamentals
| Return On Equity | -0.0968 | ||||
| Return On Asset | 0.0449 | ||||
| Profit Margin | (0.15) % | ||||
| Operating Margin | 0.37 % | ||||
| Current Valuation | 2.8 B | ||||
| Shares Outstanding | 103.57 M | ||||
| Shares Owned By Insiders | 8.75 % | ||||
| Shares Owned By Institutions | 82.28 % | ||||
| Price To Earning | 96.83 X | ||||
| Price To Book | 2.36 X | ||||
| Price To Sales | 4.23 X | ||||
| Revenue | 470.26 M | ||||
| Gross Profit | 180.55 M | ||||
| EBITDA | 191.87 M | ||||
| Net Income | (68.47 M) | ||||
| Cash And Equivalents | 177.7 M | ||||
| Cash Per Share | 0.60 X | ||||
| Total Debt | 45.89 M | ||||
| Debt To Equity | 1.94 % | ||||
| Current Ratio | 0.78 X | ||||
| Book Value Per Share | 5.67 X | ||||
| Cash Flow From Operations | 145.42 M | ||||
| Earnings Per Share | (0.95) X | ||||
| Price To Earnings To Growth | 13.94 X | ||||
| Target Price | 25.91 | ||||
| Number Of Employees | 3.69 K | ||||
| Beta | 1.78 | ||||
| Market Capitalization | 1.99 B | ||||
| Total Asset | 1.46 B | ||||
| Retained Earnings | 481.06 M | ||||
| Working Capital | (69.92 M) | ||||
| Year To Date Return | (4.11) % | ||||
| One Year Return | (12.70) % | ||||
| Three Year Return | (5.83) % | ||||
| Net Asset | 1.46 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 against Ero Stock
| 0.56 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.39 | ORE | Orezone Gold Corp Earnings Call Today | PairCorr |
| 0.38 | FDY | Faraday Copper Corp | 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.